I think most of us are being too pessimistic. ISRG IPO on June 2000 and then struggling for almost 4 years. In 2004 it became a profit generating company. I see ARAY is on the same path but may take even longer due to the great recession.

** ISRG **
2000 3rd Q: net earning/share = -0.12
2000 4th Q: net earning/share = -0.14
2001 1st Q: net earning/share = -0.10
2001 2nd Q: net earning/share = -0.12
2001 3rd Q: net earning/share = -0.13
2001 4th Q: net earning/share = -0.12
2002 1st Q: net earning/share = -0.15
2002 2nd Q: net earning/share = -0.10
2002 3rd Q: net earning/share = -0.18
2002 4th Q: net earning/share = -0.07
2003 1st Q: net earning/share = -0.06
2003 2nd Q: net earning/share = +0.05
2003 3rd Q: net earning/share = -0.12
2003 4th Q: net earning/share = -0.16
2004 1st Q: net earning/share = +0.02
2004 2nd Q: net earning/share = +0.14
2004 3rd Q: net earning/share = +0.17
2004 4th Q: net earning/share = +0.32

** ARAY **
2007 3rd Q: net earning/share = -0.02
2007 4th Q: net earning/share = +0.01
2008 1st Q: net earning/share = +0.04
2008 2nd Q: net earning/share = +0.04
2008 3rd Q: net earning/share = +0.01
2008 4th Q: net earning/share = 0
2009 1st Q: net earning/share = -0.06
2009 2nd Q: net earning/share = +0.02
2009 3rd Q: net earning/share = +0.02
2009 4th Q: net earning/share = +0.02