NASDAQ$ARAY

Accuray Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported record revenue for the first quarter of fiscal year 2022.

Accuray reported a strong start to fiscal year 2022, with record first quarter revenue of $107.4 million, driven by investments in product innovation and commercial execution. However, the company experienced a net loss of $1.0 million compared to a net income of $0.4 million in the prior year.

  • Record net revenue of $107.4 million, including $25.5 million of system revenue in China.
  • Gross orders increased by 39 percent to $70.0 million compared to the prior year.
  • GAAP Net loss was $1.0 million, compared to a GAAP Net income of $0.4 million in the prior year.
  • Received 510(k) clearance for VOLO™ Ultra enhancement to the Accuray Precision® treatment planning system for the Radixact® System.

Headline financials

Total Revenue

$107M

Previous: $85.3M+25.9%
EPS (adj)

-$0.01

Previous: $0.00-328.3%
Gross Orders

$70M

Previous: $50.5M+38.5%
Order Backlog

$603M

Previous: $597M+0.9%
Adjusted EBITDA

$5.37M

Previous: $9.03M-40.5%
Capital Expenditures

-$1.46M

Previous: -$569K-155.9%
Free Cash Flow

-$2.48M

Previous: -$167K-1387.4%
Net Income

-$1.03M

Previous: $402K-355.7%
Operating Income

$2.41M

Previous: $5.47M-55.9%
Gross Profit

$39.5M

Previous: $35.4M+11.6%
Cash & Equivalents

$105M

Previous: $90M+16.4%
Total Assets

$476M

Previous: $465M+2.4%
Stock-Based Comp

$2.52M

No prior period

Revenue & EPS history

Accuray · Revenue · Quarterly

$107M

Q1 2022+25.9%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Accuray · $107M total across 2 segments · Q1 2022

  • Services Revenue
    $54.7M+1.1%
  • Products Revenue
    $52.8M+68.8%

Forward guidance

Accuray has supplemented its GAAP net loss with a non-GAAP measure of adjusted earnings before interest, taxes, depreciation, amortization and stock-based compensation (“adjusted EBITDA”).

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.1%

Avg return

Earnings day

+0.4%

Avg return

5 days after

-0.8%

Avg return

30 days after

47%

30 / 64 earnings

Positive

+49.7%

Q4 2024

Best reaction

-39.6%

Q3 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-39.6%-35.4%
Q2 2026-21.1%-27.6%-35.5%
Q1 2026-15.9%-19.3%-31.7%
Q3 2025-12.9%-16.1%-1.3%
Q2 2025+8.0%-8.0%-25.3%
Q1 2025+8.9%+3.1%+4.7%
Q4 2024+49.7%+62.1%+51.0%
Q3 2024-27.7%-16.0%-16.9%
Q2 2024-5.2%-11.9%-3.3%
Q1 2024-0.7%-7.8%-1.1%
Q4 2023-23.2%-23.2%-35.9%
Q3 2023+14.4%+24.9%+31.0%
Q2 2023+14.3%+18.3%+19.4%
Q1 2023+1.5%+4.5%+2.5%
Q4 2022+27.5%+43.5%+15.0%
Q3 2022-10.2%-15.2%-31.4%
Q2 2022-15.9%-11.0%-13.2%
Q1 2022+9.7%+1.9%-9.3%
Q4 2021-3.7%-10.7%-9.2%
Q3 2021-11.1%-14.7%-22.9%
Q2 2021+4.1%-4.3%-3.3%
Q1 2021+2.5%+16.9%+51.4%
Q4 2020-6.6%-10.6%-17.2%
Q3 2020+26.3%+21.1%+10.0%
Q2 2020+13.4%+3.2%-21.2%
Q1 2020-4.8%-11.4%+5.5%
Q4 2019-15.5%-16.1%-9.6%
Q3 2019+1.7%+4.3%-5.5%
Q2 2019+14.2%+15.5%+36.2%
Q1 2019+32.8%+40.5%+20.1%
Q4 2018+11.5%+14.9%+9.2%
Q3 2018-15.3%-8.9%-10.9%
Q2 2018+8.7%+9.7%-1.9%
Q1 2018+3.5%+14.1%+24.7%
Q4 2017+5.1%+5.1%+14.1%
Q3 2017-5.2%-12.5%-13.5%
Q2 2017+1.8%+1.8%-2.7%
Q1 2017-5.7%-7.5%+0.0%
Q4 2016-8.8%-3.1%-0.5%
Q3 2016-7.1%
Q2 2016-12.2%
Q1 2016+6.3%
Q4 2015+10.2%
Q3 2015-22.4%
Q2 2015+6.0%
Q1 2015-15.9%
Q4 2014+2.6%
Q3 2014-8.9%
Q2 2014+19.4%
Q1 2014+11.4%
Q4 2013+5.1%
Q3 2013+12.2%
Q2 2013-12.4%
Q1 2013+0.0%
Q4 2010-2.8%
Q4 2012-9.3%
Q3 2011-9.4%
Q3 2012-9.4%
Q2 2012+16.6%
Q2 2011+16.6%
Q4 2011-3.5%
Q1 2011-3.5%
Q1 2012-3.5%
Q3 2010-0.6%

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