Accuray reports revenue gains for Q1

2019 09 17 16 01 9179 Accuray Astro 2019

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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