Loading...
•
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.
Accuray
Accuray
Accuray Revenue by Segment
Revenue by Segment
Products Revenue
CapyFin.comServices Revenue
CapyFin.com 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