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Accuray Incorporated (ARAY)
NASDAQ:ARAY
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-$0.03Last Year’s EPS
-$0.1Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -4.93%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a company experiencing growth in key markets like China and in service revenues, resulting in a modest raise in fiscal guidance. However, challenges persist with revenue declines in EIMEA, Japan, and the Americas' service sector, alongside decreased gross margins. The mixed results suggest a cautiously optimistic outlook.Company Guidance
During the Accuray Q1 2025 earnings call, the company provided guidance reflecting a modest increase in expectations for the fiscal year, raising revenue guidance to a range of $462 million to $472 million, up from the previous range of $460 million to $470 million. The adjusted EBITDA guidance was also increased to a range of $28 million to $30 million from the previous $27.5 million to $29.5 million. Accuray's strong performance in China, with a 30% year-over-year revenue growth, significantly contributed to this optimistic outlook. The launch of the Tomo C product in China is expected to positively impact margins and adjusted EBITDA in the upcoming quarters. The company also highlighted a solid book-to-bill ratio of 1.1 for the quarter, with a backlog representing over two years of fiscal 2024 product revenue, further supporting the guidance. Additionally, service revenues grew 5% year-over-year, driven by increased contract revenue, contributing to the overall positive financial outlook.Strong Revenue Growth in China
The region delivered significant revenue growth at 30% year-over-year, driven by strong customer demand in both Type A and B markets.
Successful Launch of Tomo C in China
The Tomo C system has expanded Accuray's product portfolio in China, allowing competition in the Type B segment, which is estimated to be $3 billion over the next 5 years.
Service Revenue Growth
Service revenues grew at 5% year-over-year, driven mainly by increased contract revenue, which grew 5% year-over-year.
Positive Book-to-Bill Ratio
Product gross orders for the first quarter were approximately $55 million, with a book-to-bill ratio of 1.1 and a trailing 12-month ratio of 1.5.
Raising Full Year Fiscal 2025 Guidance
Accuray is modestly raising full year fiscal 2025 revenue guidance range from $460 million-$470 million to $462 million-$472 million, and adjusted EBITDA guidance range from $27.5 million-$29.5 million to $28 million-$30 million.
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ARAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $2.03 | $2.09 | +2.96% |
| Aug 14, 2024 | $1.43 | $2.17 | +51.75% |
| May 01, 2024 | $2.17 | $1.54 | -29.03% |
| Jan 31, 2024 | $2.59 | $2.56 | -1.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Accuray Incorporated (ARAY) report earnings?
Accuray Incorporated (ARAY) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Accuray Incorporated (ARAY) earnings time?
Accuray Incorporated (ARAY) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARAY EPS forecast?
ARAY EPS forecast for the fiscal quarter 2025 (Q2) is -$0.03.
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