Accuray reports revenue gains for Q1

By staff writers

October 22, 2021 -- Accuray reported gains in its preliminary financial results for the first quarter of the 2022 fiscal year, with the company citing an increase in gross orders as a growth driver.

The company said its revenue this quarter (end-September 30) was $107.4 million. Compared with the $85.3 million reported at the same time in 2020, this represents a 26% year-over-year growth. Accuray also saw gross orders of $70 million for the quarter, an increase of 39% from the same period in 2020.

As a result, the company updated its expected revenue for the full fiscal year to range between $420 million and $427 million.

Accuray said it expects the company's net loss to be between $1 million to $2 million.

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