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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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