Loading...
•
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.
Revenue by Segment
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.
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
Loading earnings performance data...
Loading earnings reaction data...