Accuray Q2 fiscal 2023 revenue $114.8M, net loss $1.9M; reiterates full-year guidance

Accuray Reports Fiscal 2023 Second Quarter Financial Results Delivered strong Q2 performance amidst challenging macroenvironment; Reiterate fiscal year guidance SUNNYVALE, Calif., February 1, 2023 — Accuray Incorporated (NASDAQ: ARAY) today reported financial results for the second quarter of fiscal 2023 ended December 31, 2022. Second Quarter Fiscal 2023 Summary • Gross orders of $79.0 million decreased 7.4 percent from the same period in the prior fiscal year and increased 13.2 percent sequentially, representing a book to bill ratio of greater than 1.2. Gross orders on a constant currency basis were $82.6 million. • Net revenue of $114.8 million decreased 1.3 percent from the same period in the prior fiscal year, mainly driven by supply chain constraints and a $6.1 million foreign exchange headwind. Net revenue on a constant currency basis was $120.9 million, which represents a 4.0 percent increase versus the same period in the prior fiscal year. • GAAP net loss of $1.9 million, as c

the Board of Directors (the “Board”) of the Company appointed Mr. Robert C. Kill as a Class I member of the Company’s Board in order to fill a vacancy on the Board.