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Dec 31, 2021
Accuray Q2 2022 Earnings Report
Reported record revenue for the second quarter of fiscal year 2022.
Key Takeaways
Accuray reported a record net revenue of $116.3 million for the second quarter of fiscal year 2022, representing a 19% increase compared to the prior year. GAAP net income was $0.2 million, and adjusted EBITDA was $6.8 million.
Record net revenue of $116.3 million, a 19% increase year-over-year.
Gross orders totaled $85.4 million, up 13% compared to the prior year.
GAAP net income was $0.2 million, compared to $4.8 million in the prior year.
Adjusted EBITDA was $6.8 million, compared to $13.5 million in the prior year.
Revenue by Segment
Forward Guidance
Accuray is revising its fiscal year 2022 guidance with increased total revenue expectations and decreased adjusted EBITDA expectations.
Positive Outlook
- Total revenue is being increased to an expected range of $420.0 million to $430.0 million.
- Represents a year-over-year growth at the midpoint of the range of 7%.
Challenges Ahead
- Adjusted EBITDA is now expected to range between $15.0 million to $20.0 million.
- Prior adjusted EBITDA range was $33.0 million to $35.0 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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