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Mar 31, 2024
Accuray Q3 2024 Earnings Report
Accuray's Q3 2024 financial performance was marked by a revenue decrease, offset by an increase in gross orders and strategic collaborations.
Key Takeaways
Accuray Incorporated reported a decrease in net revenue for the third quarter of fiscal year 2024, alongside a GAAP net loss, but experienced a significant increase in gross orders. The company is focusing on long-term growth and profitability drivers through innovation, market penetration, and service business investments.
Net revenue decreased by 14% year-over-year to $101.1 million.
GAAP net loss was $6.3 million, compared to a net income of $0.6 million in the same period last year.
Gross orders increased by 21% year-over-year to $89.1 million.
The book to bill ratio was 1.8, compared to 1.2 in the same period last year.
Accuray
Accuray
Accuray Revenue by Segment
Revenue by Segment
Products Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
Accuray adjusted its fiscal year 2024 guidance, expecting total revenue in the range of $432 million to $437 million and adjusted EBITDA in the range of $19 million to $22 million.
Positive Outlook
- Total revenue is expected in the range of $432 million to $437 million.
- Adjusted EBITDA is expected in the range of $19 million to $22 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income