Accuray Revises Guidance - Quick Facts

(RTTNews) - Accuray Inc. (ARAY) announced, for fiscal 2015, the company now expects total revenue to be between $395 million to $405 million and adjusted EBITDA to be between $25 million to $30 million. This compares to previously issued guidance expectations of $395 million to $410 million in revenue and $25 million to $35 million in adjusted EBITDA.

Accuray expects gross orders for the fiscal year will be $280 million to $290 million, compared to previously issued guidance of approximately $295 million.

Adjusted EBITDA for the third quarter of fiscal 2016 was $13.9 million, compared to $9.9 million in the third quarter of the prior fiscal year. Net income increased to $0.8 million, or $0.01 per share, compared to a net loss of $3.0 million, or $0.04 per share, prior year.

Total revenue was $105.3 million, an increase of 8 percent year-over-year. Product revenue increased 16 percent to $53.7 million while service revenue increased modestly to $51.5 million.