Why ViewRay Stock Vaulted Higher Today

Why ViewRay Stock Vaulted Higher Today

Shares of ViewRay (NASDAQ: VRAY) vaulted 13.8% higher on Friday after the medical-device maker announced its first-quarter results following the market close on Thursday. ViewRay's total revenue in the first quarter rose 8.4% year over year to $15.5 million. ViewRay's cash burn in Q1 totaled around $28 million, excluding the impact of its January stock offering.