ARAY Earnings Prediction
The chart below shows how ARAY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ARAY sees a +2.52% change in stock price 10 days leading up to the earnings, and a +11.41% change 10 days following the report. On the earnings day itself, the stock moves by -0.89%. This data can give you a slight idea of what to expect for the next quarter's release.
ARAY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
101.55M
-2.26%
-24.38%
Gross Margin
31.48%
-16.12%
11.67%
Operating Margin
-4.58%
-377.58%
-198.92%
Net Margin
-7.39%
158.39%
-393.25%
EPS
-0.07
-133.33%
-333.33%
No Data Available
ARAY Earnings Analysis
Accuray Incorporated Corporation (ARAY.O) Earnings Conference Call
Positive
China Revenue Surge: The first quarter performance in China delivered significant revenue growth at 30% year-over-year, driven by strong customer demand in both Type A and B markets.
Product Launch Approval: We ended fiscal year 2024 receiving the final regulatory approvals for the Tomo C product, allowing a full market launch and shipments to end customers.
Customer Growth Momentum: In Q1, we continued to see positive customer reception to our technology in both Type A and B segments, ending the quarter with 22% growth in new customers installed year-over-year.
Order Backlog Overview: We ended the first quarter with a reported order backlog of approximately $469 million, defined as orders that are younger than 30 months, representing greater than two years of FY 2024 product revenue.
Service Revenue Increase: Service revenue for the quarter was $53 million, up 5% from the prior year and up 6% on a constant currency basis, driven mainly by increased contract revenue.
Negative
Net Revenue Decline: Net revenue for the first quarter was $102 million, which was down 2% versus the prior year and down 2% on a constant currency basis.
Product Revenue Decline: Product revenue for the first quarter was $48 million, down 9% from the prior year and down 9% on a constant currency basis.
Operating Loss Comparison: Operating loss for the quarter was $2.1 million compared to operating income of $2.2 million from the prior year.
Quarterly Adjusted EBITDA Decline: Adjusted EBITDA for the quarter was $3.1 million compared to $6.5 million from the prior year due to the timing of the one-time parts consumption dynamics related to the ERP implementation mentioned earlier.
Gross Margin Decline: Our overall gross margin for the quarter was 33.9% compared to 38% in the prior year.
ARAY FAQs
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ARAY Earning Call Sentiment
Accuray Incorporated (ARAY) Q1 2025 Earnings Call Transcript
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ARAY.O
-0.87%Positive
The earnings call presents a mixed picture: strong product innovation and market expansion efforts are offset by declining revenues and operating loss. The raised guidance and sustainable service revenue growth are positives, but regulatory and supply chain challenges, along with declining gross margin, weigh heavily. The Q&A reveals cautious optimism and some uncertainty in management's responses, particularly concerning China. The lack of a shareholder return plan further tempers enthusiasm. Overall, these factors suggest a neutral impact on stock price movement, with no strong catalysts for significant change in either direction.