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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.
Accuray
Accuray
Accuray Revenue by Segment
Revenue by Segment
Services Revenue
CapyFin.com 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.