Accuray Q1 revenue $103.9M (+7.7% YoY), net loss narrows to $3M, reaffirms FY2024 outlook

ACCURAY INC

2024-Q1 EPS reported -$0.03 revenue$103,892,000

Revenue $103.9M (+7.7% YoY); product rev $53.4M (+19.7%), service rev $50.5M (-2.7%).
GAAP net loss $3.0M ($0.03 diluted loss) vs loss $5.4M ($0.06) prior year; adj EBITDA $6.5M vs $1.9M.
Gross orders $63.7M (book-to-bill 1.2); order backlog $489M, down 9.2% YoY.
Cash $77.4M, down $12.5M from Q4 FY2023; reiterated FY2024 financial guidance.
Operational highlights: FDA clearance and CE mark for VitalHold; China NMPA approval for Tomo C.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ACCURAY INC reported first quarter of fiscal 2024 ended September 30, 2023 results: revenue $103.9 million, net income net loss of $3.0 million, or $0.03 per share, EPS $0.03 per share. Guidance reaffirmed.

Period: first quarter of fiscal 2024 ended September 30, 2023
Revenue: $103.9 million
Net income: net loss of $3.0 million, or $0.03 per share
EPS: $0.03 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Incorporated (NASDAQ: ARAY) today reported financial results for the first quarter of fiscal 2024 ended September 30, 2023. First Quarter Fiscal 2024 Summary • Net revenue of $103.9 million increased 7.7 percent from the same period in the prior fiscal year. Net revenue on a constant currency basis was $102.7 million, which represents a 6.5 percent increase from the

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Source: SEC EDGAR

accession 0000950170-23-060231

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