NEWS ER
Accuray Reports Fourth Quarter and Fiscal 2024 Financial Results
▪️Positive
Q4 revenue increased 13.5% year-over-year to $134.3 million
▪️Positive
Q4 revenue increased 13.5% year-over-year to $134.3 million
Q4 net income of $3.4 million, compared to a loss in the prior year
Q4 gross orders increased 7.9% to $95.5 million
Record quarterly system shipments, up 24% year-over-year
Q4 Adjusted EBITDA nearly doubled to $10.1 million
Full year gross orders increased 10% to $342.1 million
Gained approval for Accuray Precision Treatment Planning System in China
Received CE Mark for Accuray Helix system for India and other high-potential markets
▪️Negative
Full year revenue decreased slightly by 0.2% to $446.6 million
Full year net loss widened to $15.5 million from $9.3 million in the prior year
Full year Adjusted EBITDA decreased to $19.7 million from $23.9 million
Order backlog decreased 4.6% year-over-year to $487.3 million
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