NASDAQ$ARAY

Accuray Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

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

Accuray reported a record net revenue of $116.3 million for the second quarter of fiscal year 2022, representing a 19% increase compared to the prior year. GAAP net income was $0.2 million, and adjusted EBITDA was $6.8 million.

  • Record net revenue of $116.3 million, a 19% increase year-over-year.
  • Gross orders totaled $85.4 million, up 13% compared to the prior year.
  • GAAP net income was $0.2 million, compared to $4.8 million in the prior year.
  • Adjusted EBITDA was $6.8 million, compared to $13.5 million in the prior year.

Headline financials

Total Revenue

$116M

Previous: $97.5M+19.3%
EPS (adj)

$0.00

Previous: $0.05-96.2%
Gross Orders

$85.4M

Previous: $75.4M+13.3%
Order Backlog

$581M

No prior period
Adjusted EBITDA

$6.85M

Previous: $13.5M-49.3%
Capital Expenditures

-$2.26M

Previous: -$1.17M-93.6%
Free Cash Flow

-$2.08M

Previous: $3.6M-157.7%
Net Income

$179K

Previous: $4.77M-96.2%
Operating Income

$3.98M

Previous: $8.2M-51.4%
Gross Profit

$42.6M

Previous: $40.8M+4.4%
Cash & Equivalents

$123M

Previous: $107M+14.8%
Total Assets

$476M

Previous: $478M-0.6%

Revenue & EPS history

Accuray · Revenue · Quarterly

$116M

Q2 2022+19.3%vs Q2 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Accuray · $55.6M total across 1 segment · Q2 2022

  • Services Revenue
    $55.6M-0.1%

Forward guidance

Accuray is revising its fiscal year 2022 guidance with increased total revenue expectations and decreased adjusted EBITDA expectations.

Tailwinds

  • Total revenue is being increased to an expected range of $420.0 million to $430.0 million.
  • Represents a year-over-year growth at the midpoint of the range of 7%.

Headwinds

  • Adjusted EBITDA is now expected to range between $15.0 million to $20.0 million.
  • Prior adjusted EBITDA range was $33.0 million to $35.0 million.

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 Q2 2022

Historical avgQ2 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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