14% Revenue and 8% Orders Growth in Q4; Company issues FY25 Guidance MADISON, Wis. , Aug. 14, 2024 /PRNewswire/ -- Accuray Incorporated (NASDAQ: ARAY ) today reported financial results for the fourth quarter and fiscal 2024, ended June 30, 2024 .
Fourth Quarter Fiscal 2024 Summary Net revenue of $134.3 million , an increase of 13.5 percent from the same period in the prior fiscal year.
Net revenue on a constant currency basis was $136.7 million , which represents a 15.6 percent increase versus the same period in the prior fiscal year.
GAAP net income of $3.4 million , as compared to GAAP net loss of $2.6 million in the same period in the prior fiscal year.
Adjusted EBITDA was $10.1 million in the fourth quarter of fiscal 2024 compared to $5.2 million in the same period in the prior fiscal year.
Gross orders of $95.5 million , increased 7.9 percent from the same period in the prior fiscal year.
The book to bill ratio was 1.2 in the fourth quarter of fiscal 2024, compared to a book to bill ratio of 1.4 in the same period in the prior fiscal year.
Fiscal Year 2024 Summary Net revenue of $446.6 million , a decrease of 0.2 percent from the prior fiscal year.
Net revenue on a constant currency basis was $447.9 million , which represents an 0.1 percent increase from the prior fiscal year.
GAAP net loss of $15.5 million , as compared to a GAAP net loss of $9.3 million in the prior fiscal year.
Adjusted EBITDA was $19.7 million in fiscal 2024, as compared to adjusted EBITDA of $23.9 m.