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Sep 30, 2023
Accuray Q1 2024 Earnings Report
Achieved 8% revenue growth and reiterated FY 2024 guidance.
Key Takeaways
Accuray reported a strong first quarter for fiscal year 2024, with a 7.7% increase in net revenue to $103.9 million and a GAAP net loss of $3.0 million, compared to a net loss of $5.4 million in the same period last year. The company also achieved an adjusted EBITDA of $6.5 million and highlighted key new product introductions and regulatory milestones.
Net revenue increased by 7.7% year-over-year to $103.9 million.
GAAP net loss improved to $3.0 million, compared to $5.4 million in the prior year.
Adjusted EBITDA increased to $6.5 million, compared to $1.9 million in the prior year.
Gross orders totaled $63.7 million, resulting in a book-to-bill ratio of 1.2.
Accuray
Accuray
Accuray Revenue by Segment
Revenue by Segment
Products Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
Accuray reaffirmed its financial guidance for fiscal year 2024, with total revenue expected in the range of $460 million to $470 million and adjusted EBITDA expected in the range of $27 million to $30 million.
Positive Outlook
- Total revenue is expected to be in the range of $460 million to $470 million.
- Represents a year-over-year growth range of 3 to 5 percent.
- Adjusted EBITDA for fiscal year 2024 is expected in the range of $27 million to $30 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income