Accuray reported financial results showing a small dip in revenue in the fourth quarter compared with last year, but an increase in revenue in fiscal year 2022 compared with the previous year.
The company reported total revenue of $110 million for the fourth quarter of fiscal year 2022, down 1% compared with $111 million for the prior fiscal year fourth quarter. The company's net loss was $3.5 million for the most recent quarter, compared with a net loss of $11.1 million in the same period the year before.
The company's total revenue was $429.9 million for the 2022 fiscal year (end-June 30), compared with $396.3 million for the prior fiscal year period, with an increase in product revenue of $214.7 million compared with $176.7 million for the prior fiscal year period, the company reported. Accuray's net full-year net loss was $5.3 million, compared with a full-year net loss of $6.3 million for 2021.
