Accuray Incorporated (NASDAQ: ARAY) reported a 21% year-over-year decline in quarterly revenues to $100.9 million for the fourth quarter of fiscal 2026, while adjusted EBITDA jumped 36% to $12.9 million. The company's GAAP net loss narrowed to $1.9 million from $5.8 million in the same period last year.
Comprehensive fiscal 2026 revenue decreased 12% to $401.9 million, with product revenue down 27% to $172.7 million and service revenue up 4% to $229.2 million. Service revenue now accounts for 57% of total revenue, up from 49% a year earlier. Adjusted EBITDA for the year declined 63% to $10.6 million, while gross margin improved to 34.8% in the quarter.
Kostnedeffektive initiativ har ført til besparelser på omkring 20 millioner dollar i løpet av regnskapsåret 2026, hvilket overstiger den opprinnelige målet på 12 millioner dollar. Selskapet forventer ytterligere 15 millioner dollar i årlige kostnads- og margeforbedringer fra pågående forandringsaktiviteter. Driftskostnadene faldt med 13% i forhold til året før, bortsett fra restruktureringseffekter, som tilsvarte 16,2 millioner dollar for det hele året.
Accuray's stock closed at $0.295 på den 19 augusti, ned med 6.41% för dagen, innan den steg med 5.16% i efter-märkningstrading till $0.31. Aktierna förblir ned med 79% de senaste 12 månaderna, och handlas nära en 52-veckors lågpunkt på $0.22 efter att ha toppat på $2.10.
الحركة حصلت على إجازة التزام حتى 31 ديسمبر 2027 بموجب اتفاقية إعادة هيكلة الديون مع TCW، والتي تضمنت أيضاً تحويل 40 مليون دولار من الديون إلى أسهم مفضلة. بلغ الدين الإجمالي 182.4 مليون دولار في 30 حزيران، مع نسبة دين إلى أسهم تبلغ 4.37، ونسبة مستحقة لدفع النقود تبلغ 1.42.
Accuray’s China joint venture had a largely neutral net margin impact during fiscal 2026, with a net release of $36,000 for the year. Deferred margin on the balance sheet totaled $17.5 million as of June 30, while product revenue related to China decreased by approximately $58 million due to geopolitical tensions. Inventory decreased by $9.6 million to $147.1 million during the quarter.
The company revised its disclosure of remaining performance obligations, reporting $60.7 million under the updated methodology, excluding system sales orders, upgrade orders, and prepaid customer credits. La previosa metodología había reportado $821.2 millones.
Accuray’s gross margin improved to 34.8% in the quarter, while service revenue increased 6% year-over-year to $60.1 million, representing nearly 60% of quarterly revenue.
