Accuray reports Q1 FY2025 revenue $101.5M, net loss $4.0M; raises full-year guidance

ACCURAY INC

2024-Q1 EPS reported -$0.04 revenue$101,545,000

Revenue $101.5M (down 2% YoY); service revenue grew to $53.2M (+5% YoY) offsetting product decline.
Net loss $4.0M ($0.04 diluted loss per share); Adjusted EBITDA $3.1M vs $6.5M in prior year Q1.
Gross product orders $55.4M (down 13% YoY); backlog $468.6M (down ~4% YoY).
Cash $59.7M, down $9.4M from June 30 due to inventory buildup for increased shipments.
Company raises fiscal 2025 guidance citing strong China region, Tomo C system, and service growth.

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