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Jun 30, 2022
Accuray Q4 2022 Earnings Report
Accuray reported financial results for the fourth quarter and fiscal 2022, with FY22 revenue growth of 8.5% and issued guidance for FY23.
Key Takeaways
Accuray reported a solid fourth quarter, beating consensus despite supply chain disruption and impacts from COVID-19 lockdowns in China, with historic revenue levels demonstrating strong customer adoption of their latest product innovation.
Gross orders of $88.3 million
Net revenue of $110.0 million
GAAP net loss of $3.5 million
Adjusted EBITDA of $5.2 million
Accuray
Accuray
Accuray Revenue by Segment
Revenue by Segment
Products Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
Accuray's financial guidance is based on current expectations. Total revenue is expected in the range of $447 million to $455 million, representing a year-over-year growth range of 4% to 6%. Adjusted EBITDA is expected in the range of $26 million to $30 million.
Positive Outlook
- New product introductions will serve as catalysts for growth in FY23.
- Remain focused on margin expansion plans
- Investments in research and development to drive innovation
- Create shareholder value in the long term
Challenges Ahead
- Supply chain constraints
- Foreign exchange headwinds
- COVID-19 related lock downs in China are expected to create near term pressure.
Revenue & Expenses
Visualization of income flow from segment revenue to net income