Strong Start to Fiscal Year, Raises 2025 Guidance MADISON, Wis. , Nov. 6, 2024 /PRNewswire/ -- Accuray Incorporated (NASDAQ: ARAY ) today reported financial results for the first quarter ended September 30, 2024 .
"We continue to make solid progress in the execution of our strategic growth agenda and performed better than expected in the first quarter and are on track to deliver our fiscal 2025 plan. Our performance in the China region was strong and we saw significant interest in the recently introduced Accuray Tomo ® C System and growth in our service business. I could not be more excited about where we are, as the company executes our strategy to drive top line and adjusted EBITDA growth transforming our competitive position in the global radiotherapy market," said Suzanne Winter , Chief Executive Officer.
Fiscal First Quarter Results Total net revenue in the first quarter of fiscal 2025 was $101.5 million , compared to $103.9 million in the prior fiscal year first quarter.
Product revenue in the first quarter of fiscal 2025 was $48.4 million , compared to $53.4 million in the prior fiscal year first quarter.
Service revenue in the first quarter of fiscal 2025 was $53.2 million , compared to $50.5 million in the prior fiscal year first quarter.
Total net revenue on a constant currency basis was $102.0 million . Total gross profit in the first quarter of fiscal 2025 was $34.
5 million , or 33.9 percent of total net revenue, compared to total gross profit of $39.5 million , .