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Jun 30, 2024
Accuray Q4 2024 Earnings Report
Accuray's Q4 2024 financial performance reflected revenue growth, driven by increased product revenue and solid expense management.
Key Takeaways
Accuray reported a strong fourth quarter with a 13.5% increase in net revenue to $134.3 million and a GAAP net income of $3.4 million, compared to a net loss in the prior year. The company achieved record quarterly system shipments and secured new product approvals. They issued FY25 revenue guidance of $460 to $470 million and adjusted EBITDA guidance of $27.5 to $29.5 million.
Net revenue increased by 13.5% to $134.3 million compared to the same period last year.
GAAP net income was $3.4 million, a significant improvement from the prior year's net loss of $2.6 million.
Gross orders grew by 7.9% to $95.5 million.
The company achieved record quarterly system shipments with a 24% increase in systems shipped.
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 2025, expecting total revenue in the range of $460 million to $470 million and adjusted EBITDA in the range of $27.5 million to $29.5 million.
Positive Outlook
- Total revenue is expected in the range of $460 million to $470 million.
- Adjusted EBITDA is expected in the range of $27.5 million to $29.5 million.
- New products have the potential to help generate revenue and growth in service.
- Operating results were solid with controlled expenses.
- Strong management of working capital that resulted in a significant decline in inventory and increase in cash.
Challenges Ahead
- Guidance is based on current expectations and actual results could differ materially depending on market and economic conditions.
- Supply chain disruption could impact results.
- Logistics challenges could impact results.
- Macroeconomic challenges could impact results.
- Foreign exchange challenges could impact results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income