---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-051248"
form_type: "8-K"
ticker: "ARAY"
cik: "0001138723"
company_name: "ACCURAY INC"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:05:12.958960+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-051248
- form_type: 8-K
- ticker: ARAY
- cik: 0001138723
- company_name: ACCURAY INC
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1138723/000095017024051248/0000950170-24-051248-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1138723/000095017024051248/aray-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-051248
- JSON: https://secwatch.observer/filing/0000950170-24-051248.json
- Plain text: https://secwatch.observer/filing/0000950170-24-051248.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138723/000095017024051248/0000950170-24-051248-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138723/000095017024051248/0000950170-24-051248-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.