Accuray reports revenue increase for Q4

2019 09 17 16 01 9179 Accuray Astro 2019

Accuray reported revenue increases for the fourth quarter of its fiscal year, which ended June 30.

The company reported its net revenue was $110.9 million, a 17% increase from the fourth quarter of 2020. It also reported a net loss of $11.1 million, including a one-time charge of $9.9 million associated with debt refinancing. The company in June obtained the CE Mark for its ClearRT helical fanbeam kVCT imaging system.

For the entire fiscal year, the company reported its net revenue was $396.3 million, a 3.5% increase from last year, including $54.2 million of China Type A system revenue.

The company said the fourth quarter's reports were ahead of expectations.

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