Accuray Reports Fourth Quarter and Fiscal 2025 Financial Results

Core Insights - Accuray Incorporated reported a total net revenue of $127.5 million for the fourth quarter of fiscal 2025, a decrease of 5% compared to $134.3 million in the same quarter of the previous fiscal year [3] - The company achieved a total net revenue of $458.5 million for fiscal 2025, reflecting a 3% increase from $446.6 million in the prior fiscal year [7] - Accuray successfully completed a refinancing of its debt, which is expected to support its long-term growth strategy [2][11] Fiscal Fourth Quarter Highlights - Product revenue for the fourth quarter was $70.7 million, down 11% from $79.7 million in the prior year [3] - Service revenue increased by 4% to $56.8 million, compared to $54.6 million in the previous year [3] - The company reported a net income of $1.1 million, or $0.01 per share, down from $3.4 million, or $0.03 per share, in the prior year [5] Fiscal Year 2025 Highlights - Total gross profit for fiscal 2025 was $147.0 million, representing 32.1% of net revenue, compared to $142.9 million or 32.0% in the previous fiscal year [8] - Operating expenses decreased by 2% to $139.1 million for fiscal 2025, down from $142.4 million in the prior year [10] - The company reported a net loss of $1.6 million for fiscal 2025, significantly improved from a net loss of $15.5 million in the previous fiscal year [10] Order Backlog and Financial Guidance - The ending order backlog as of June 30, 2025, was $427.0 million, a decrease of 5.6% from the third quarter and 12.4% from the prior year [6] - For fiscal year 2026, the company expects total net revenue in the range of $471 million to $485 million and adjusted EBITDA between $31 million and $35 million [17][28]