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Accuray Incorporated (ARAY)
NASDAQ:ARAY
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.06Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -10.44%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong growth in product revenue, particularly in China, and improvement in adjusted EBITDA. However, challenges remain with regional revenue declines and service revenue impacts from prior-year anomalies. The company is optimistic about future performance with increased guidance and strategic market expansions.Company Guidance
During the Accuray Fiscal 2025 Second Quarter Financial Results Conference Call, the company provided updated guidance based on several strong performance metrics. Revenue for the quarter grew by 8% year-over-year, with product revenue increasing by 19% compared to the previous year. The company achieved adjusted EBITDA of $9.6 million, driven by pricing and operational improvements alongside successful Tomo C System deliveries. The book-to-bill ratio stood at 1.3, indicating robust order growth, particularly in the EIMEA region, which saw a 7% increase in orders. Notably, the company reported over 50% revenue growth in China and over 40% growth in Japan. Consequently, Accuray raised its fiscal 2025 full-year revenue guidance to a range of $463 million to $475 million and adjusted EBITDA to between $28.5 million and $31 million, reflecting confidence in continued strong performance and market share expansion.Strong Year-over-Year Revenue Growth
Revenue for the quarter grew 8% year-over-year with product revenue up 19% compared to the prior year.
CyberKnife System Performance
The CyberKnife system grew revenue well above 50% year-over-year, highlighting strong demand.
China Market Success
Accuray achieved over 50% revenue growth year-over-year in China, gaining 10 points of market share.
Adjusted EBITDA Improvement
Adjusted EBITDA for the quarter was $9.6 million, up significantly from $2 million the prior year.
New Product Launches and Approvals
12 new Helix system orders booked and recent approvals for CyberKnife S7 and Synchrony in the China market.
Increased Full Year Guidance
Raised full year fiscal 2025 guidance for revenue to $463 million to $475 million and adjusted EBITDA to $28.5 million to $31 million.
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ARAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $2.49 | $2.69 | +8.03% |
| Nov 06, 2024 | $2.03 | $2.09 | +2.96% |
| Aug 14, 2024 | $1.43 | $2.17 | +51.75% |
| May 01, 2024 | $2.17 | $1.54 | -29.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Accuray Incorporated (ARAY) report earnings?
Accuray Incorporated (ARAY) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Accuray Incorporated (ARAY) earnings time?
Accuray Incorporated (ARAY) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARAY EPS forecast?
ARAY EPS forecast for the fiscal quarter 2025 (Q3) is -0.06.
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