Accuray rises 5% following fiscal 2022 Q4 beats, fY 2023 revenue range within consensus

Aug. 10, 2022 5:09 PM ETAccuray Incorporated (ARAY)By: Jonathan Block, SA News Editor

Quarterly results

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  • Accuray Inc. (NASDAQ:ARAY) is up 5% in after-hours trading after reporting fiscal 2022 Q4 results that beat on the top and bottom lines and issuing a FY 2023 revenue estimate that falls within analyst consensus.
  • The company projects FY 2023 revenue of $447M-$455M. The consensus estimate is $451.29M.
  • Adjusted EBITDA is expected in the range of $26 million to $30 million.
  • Net loss of ~3.5M in the quarter was ~69% narrower compared to FQ4 2021.
  • Revenue of $110.M was a ~1% year-over-year increase.
  • Accuray ended the quarter with $88.7M in cash and cash equivalents, a 24% decline from the end of FQ4 2021.
  • Seeking Alpha's Quant Rating views Accuray (ARAY) as a hold.

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