Accuray delivered a strong fiscal third quarter with a 12% increase in total net revenue and a significant improvement in net loss and Adjusted EBITDA compared to the prior year period. Despite a decrease in gross product orders, the company maintained a book-to-bill ratio above 1 and ended the quarter with a substantial order backlog.
Total net revenue increased 12% year-over-year to $113.2 million.
Net loss improved to $1.3 million compared to a net loss of $6.3 million in the prior year period.
Adjusted EBITDA was $6.0 million, a significant increase from $1.1 million in the prior year period.
Gross product orders decreased to $71.2 million from $89.1 million in the prior year quarter.
Accuray is reaffirming its fiscal year 2025 adjusted EBITDA guidance but is adjusting its total revenue guidance due to the estimated impact of recent tariff announcements on product volume.
Visualization of income flow from segment revenue to net income