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Jun 30, 2023
Accuray Q4 2023 Earnings Report
Accuray's Q4 2023 financial results were reported, demonstrating revenue growth and strategic progress.
Key Takeaways
Accuray reported a 7.5% increase in Q4 revenue to $118.3 million, with a GAAP net loss of $2.6 million. The company's gross orders reached $88.4 million, resulting in a book-to-bill ratio of 1.4. They issued guidance for FY24.
Net revenue increased by 7.5% to $118.3 million compared to the same period last year.
GAAP net loss was $2.6 million, an improvement from the $3.5 million loss in the prior year.
Gross orders totaled $88.4 million, resulting in a book to bill ratio of 1.4.
Ending order backlog as of June 30, 2023 was $510.6 million.
Revenue by Segment
Forward Guidance
Accuray provided financial guidance for fiscal year 2024, with total revenue expected in the range of $460 million to $470 million, representing a year-over-year growth range of 3% to 5%. Adjusted EBITDA is expected in the range of $27 million to $30 million.
Positive Outlook
- Total revenue is expected to grow by 3% to 5% year-over-year.
- Adjusted EBITDA is projected to be between $27 million and $30 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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