Accuray Q3 revenue down 14% to $101.1M; net loss $6.3M vs prior income $0.6M

ACCURAY INC

2024-Q3 EPS reported -$0.19 revenue$312,262,000

Net revenue $101.1M (-14% YoY); product $49.6M, service $51.5M.
GAAP net loss $6.3M ($0.06/share) vs prior-year net income $0.6M ($0.01/share).
Adjusted EBITDA $1.1M vs $8.3M; gross margin 28.7% vs 32.8% YoY.
Gross orders $89.1M (+21% YoY); book-to-bill 1.8; backlog $503.2M.
Credit agreement amendment allows up to $2.6M restructuring and $6.8M cost savings add-back to EBITDA.

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Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ACCURAY INC reported the third quarter ended March 31, 2024 results: revenue $101.1 million, net income $6.3 million, EPS $0.06 per share.

Period: the third quarter ended March 31, 2024
Revenue: $101.1 million
Net income: $6.3 million
EPS: $0.06 per share
Result: reported results

Exact text from the filing

Incorporated (NASDAQ: ARAY) today reported financial results for the third quarter and nine-months ended March 31, 2024. Third Quarter Fiscal 2024 Summary • Net revenue of $101.1 million decreased 14 percent from the same period in the prior fiscal year. Net revenue on a constant currency basis was $102.4 million, which represented a 13 percent decrease from the

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ACCURAY INC reported the first nine months of fiscal 2024 results: revenue $312.3 million, net income $18.9 million, EPS $0.19 per share.

Period: the first nine months of fiscal 2024
Revenue: $312.3 million
Net income: $18.9 million
EPS: $0.19 per share
Result: reported results

Exact text from the filing

1.8 in the third quarter of fiscal 2024, compared to a book to bill ratio of 1.2 in the same period in the prior fiscal year. Fiscal Nine Months 2024 Summary • Net revenue of $312.3 million decreased 5 percent from the same period in the prior fiscal year. Net revenue on a constant currency basis was $311.2 million, which represented a 6 percent decrease from the

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Source: SEC EDGAR

accession 0000950170-24-051248

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