Accuray Identified Material Weaknesses, Unable to File 10-Q

Accuray recently discovered errors related to the disclosure of remaining performance obligations within previously filed Form 10-K and Form 10-Q’s.

• Errors were due to the company reevaluating its methodology for determining whether open system and upgrade sales orders meet the definition of a remaining performance obligation
• Identified material weaknesses related to the review of the footnote schedules and inadequate controls
• Expects to file the quarterly report within the extension period of five calendar days

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Lara Sanli in New York at lsanli@bloomberg.net

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