secwatch.observer — SEC 8-K summary
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Issuer:     ACCURAY INC (ARAY)
CIK:        0001138723
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000950170-24-009384
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accuray Q2 revenue falls 7% to $107.2M, net loss widens; orders up 19%
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- GAAP net loss $9.6M ($0.10/sh) vs $1.9M loss a year ago; adjusted EBITDA $2.0M down from $8.5M.
- Gross orders $93.9M (+19% YoY), book-to-bill 1.8; backlog $492.1M.
- Service revenue $55.7M (+8% YoY); product revenue $51.5M (-19% YoY).
- Cash and equivalents $73.2M, down $16.7M from June 30, 2023.
- FY24 revenue and adjusted EBITDA guidance reaffirmed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1138723/000095017024009384/0000950170-24-009384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1138723/000095017024009384/aray-20240131.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-009384

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer