secwatch.observer — SEC 8-K summary
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Issuer:     ACCURAY INC (ARAY)
CIK:        0001138723
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000950170-24-051248
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1138723/000095017024051248/0000950170-24-051248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1138723/000095017024051248/aray-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-051248

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