Business
Accuray Announces Preliminary First Quarter Fiscal 2022 Financial Results and Raises FY22 Revenue Guidance to range between $420 million to $427 million
SUNNYVALE, Calif., Oct. 21, 2021 /PRNewswire/ -- Accuray Incorporated (NASDAQ: ARAY), today announced preliminary financial results for the first quarter of
About this update from Accuray Incorporated
[{"type":"text","content":"SUNNYVALE, Calif., Oct. 21, 2021 /PRNewswire/ -- Accuray Incorporated (NASDAQ: ARAY), today announced preliminary financial results for the first quarter of fiscal 2022 ended September 30, 2021.\n\n \n \n \n \n \n \n\n \nAccuray is currently finalizing its financial results for the first quarter of fiscal 2022. While complete financial information and operating data are not yet available, set forth below are certain preliminary financial results for said period, which are subject to final adjustments based on completion of the company's quarter-end closing procedures and other developments that may arise between now and the time such financial results are finalized. Based on the preliminary results, management expects:\nRecord first quarter revenue of approximately $107.4 million compared to $85.3 million as of September 30, 2020, representing 26 percent year-over-year growth Gross orders of $70.0 million for the quarter, an increase of 39 percent from the same period last year GAAP net loss range of $2.0 million to $1.0 million. Adjusted EBITDA range of $4.5 million to $5.5 million for the quarter Accuray has also updated its guidance for fiscal year 2022 as follows: Revenue for the full year of fiscal 2022 is expected to range between $420 million to $427 million Adjusted EBITDA for the full year of fiscal 2022 in the range of $33 million to $35 millionFirst Quarter Fiscal 2022 Conference Call and Webcast\nAccuray will host a conference call and live webcast after the market closes on Wednesday, November 3, 2021 at 1:30 p.m. PT/4:30 p.m. ET to discuss final first quarter fiscal 2022 results and provide a business and financial update as well as recent corporate developments. Conference call dial-in information is as follows: \nU.S. callers: (833) 316-0563 International callers: (412) 317-5747Individuals interested in listening to the live conference call via the Internet may do so by logging on to the Investor Relations section of Accuray's website: www.accuray.com.\nIn addition, a taped replay of the conference call will be available beginning approximately one hour after the call's conclusion and will be available for seven days. The replay number is (877) 344-7529 (USA), or (412) 317-0088 (International), Conference ID: 10161091. An archived webcast will also be available at Accuray's website until Accuray announces its res...