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Accuray Inc (ARAY.OQ)

ARAY.OQ on NASDAQ Stock Exchange Global Select Market

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21 May 2018
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Latest Key Developments (Source: Significant Developments)

Accuray Reports Q2 Loss Per Share $0.06
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Accuray Inc ::ACCURAY FISCAL SECOND QUARTER REVENUE EXCEEDS $100 MILLION AND INCREASES 15 PERCENT YEAR-OVER-YEAR; GROSS ORDERS OF $77.9 MILLION; BACKLOG UP 10 PERCENT.Q2 LOSS PER SHARE $0.06.Q2 REVENUE $100.3 MILLION VERSUS I/B/E/S VIEW $90.3 MILLION.Q2 EARNINGS PER SHARE VIEW $-0.11 -- THOMSON REUTERS I/B/E/S.COMPANY IS REAFFIRMING FY 2018 REVENUE, GROSS ORDERS, AND ADJUSTED EBITDA, GUIDANCE ORIGINALLY PROVIDED ON AUGUST 22, 2017.  Full Article

Accuray Inc reports Q1 loss per share $0.11
Tuesday, 24 Oct 2017 

Oct 25 (Reuters) - Accuray Inc :Accuray generated $55.6 million in first quarter gross orders; revenue increased 5 percent year over year.Q1 loss per share $0.11.Q1 revenue $91 million versus I/B/E/S view $88.3 million.Q1 earnings per share view $-0.09 -- Thomson Reuters I/B/E/S.Accuray Inc qtrly ‍gross orders increased 11 percent to $55.6 million, net orders were $51.0 million​.Accuray Inc - ‍company is reaffirming revenue, adjusted EBITDA, and gross orders guidance provided on August 22, 2017​.  Full Article

Accuray reports Q4 loss per share of $0.06
Tuesday, 22 Aug 2017 

Aug 22 (Reuters) - Accuray Inc :Accuray reports fourth quarter and fiscal 2017 financial results.Q4 loss per share $0.06.Q4 revenue $383.4 million.Q4 revenue view $114 million -- Thomson Reuters I/B/E/S.Q4 earnings per share view $-0.00 -- Thomson Reuters I/B/E/S.Sees fiscal 2018 revenue $390 million to $400 million.Year ending backlog increased 12 percent year-over-year to $452.8 million.Qtrly gross orders increased 5 percent year-over-year to $298.3 million.Accuray Inc sees ‍fiscal year 2018 adjusted EBITDA of $25.0 million to $30.0 million​.Accuray Inc sees ‍backlog and gross orders growth of approximately 5 percent for fiscal 2018​.FY revenue view $383.3 million -- Thomson Reuters I/B/E/S.Accuray Inc - ‍orders in Q1 are expected to be lowest level for fiscal year while orders in Q4 are expected to be highest level for fiscal year.​.Accuray - ‍"orders in Q1 are expected to be lowest level for fiscal year while orders in Q4 are expected to be highest level for fiscal year 2018​".  Full Article

Accuray enhances capital structure through convertible debt transactions
Friday, 28 Jul 2017 

July 28 (Reuters) - Accuray Inc :Accuray Inc - company has also entered into agreements to privately sell $32 million aggregate principal amount of new notes for cash to certain other investors.Accuray Inc - intends to use proceeds from cash issuance to repurchase approximately $28 million of additional existing notes from holders.Accuray Inc - entered into agreements to exchange aggregate of about $47 million principal amount of company's 3.50 percent convertible senior notes due 2018.Accuray inc - expects to continue to explore opportunities to better position itself to repay or refinance remaining $40 million of its existing notes.  Full Article

Accuray sees Q4 revenue about $111.5 million to $112 million
Monday, 17 Jul 2017 

July 17 (Reuters) - Accuray Inc :Accuray announces preliminary fourth quarter and fiscal year 2017 results.Sees Q4 revenue about $111.5 million to $112 million.Sees FY revenue about $382.8 million to $383.3 million.Accuray Inc says ending backlog as of June 30 is expected to be approximately $453 million.Accuray expects to finish fiscal year with approximately $108 million in cash, cash equivalents & investments.Accuray Inc says gross product orders for Q4 are expected to be approximately $86 million.Preliminary revenue and product order results for Q4 and fiscal year 2017 expected to be in line with guidance provided in april.Q4 revenue view $111.1 million -- Thomson Reuters I/B/E/S.FY2017 revenue view $382.5 million -- Thomson Reuters I/B/E/S.  Full Article

Neuro Spinal Hospital in Dubai to buy Accuray Cyberknife and Radixact Systems
Tuesday, 11 Jul 2017 

July 11 (Reuters) - Accuray Inc :Accuray Inc - ‍deal was entered into backlog during Accuray's fourth fiscal quarter which ended June 30, 2017​.Accuray - ‍agreement with Neuro Spinal Hospital in Dubai for acquisition of one Cyberknife M6 System and one Radixact System​.  Full Article

Accuray Inc signs new revolving loan agreement
Thursday, 15 Jun 2017 

June 15 (Reuters) - Accuray Inc ::Accuray enters into new revolving loan agreement.Closed a new $52 million senior secured revolving loan facility with Midcap Financial Trust.  Full Article

Accuray reports prelim data from phase I trial of breast cancer cure treated with Cyberknife System
Tuesday, 2 May 2017 

May 2 (Reuters) - Accuray Inc :Prelim data from phase I trial evaluating adjuvant stereotactic partial breast irradiation in early stage breast cancer patients treated with Cyberknife System.S-PBI provides more convenient treatment option than hypofractionated whole-breast irradiation with no compromise in tolerability or short-term efficacy.  Full Article

Accuray Q3 loss per share $0.06
Thursday, 27 Apr 2017 

April 27 (Reuters) - Accuray Inc :Q3 loss per share $0.06.Q3 revenue $97.3 million.Accuray Inc - gross product orders totaled $83.8 million for 2017 fiscal Q3 compared to $56.4 million for prior fiscal year period.Accuray Inc qtrly ending product backlog was $450.0 million, approximately 21 percent higher than backlog at end of prior fiscal year Q3.Accuray Inc - 2017 outlook for gross orders growth of approximately five percent is reaffirmed.Accuray Inc - revenue for fiscal year is now expected to range between $380.0 million and $390.0 million.Accuray Inc - 2017 adjusted EBITDA is now expected to range between $22.0 million and $26.0 million.FY 2017 revenue view $407.2 million -- Thomson Reuters I/B/E/S.  Full Article

Accuray on March 10, co entered into an amendment to financing agreement dated as of Jan. 11, 2016
Friday, 10 Mar 2017 

Accuray Inc : On March 10, co entered into an amendment to financing agreement dated as of January 11, 2016 - sec filing . Accuray Inc - second amendment requires company to obtain a letter of credit in face amount of $12.5 million for benefit of administrative agent . Accuray Inc - second amendment makes certain related amendments to debt and lien covenants and financial ratio definitions .Accuray - second amendment increased interest rate margins under financing agreement by 0.50% until certain specified conditions are met.  Full Article

UPDATE 2-Four found guilty in insider trading case linked to U.S. health agency

NEW YORK, May 3 Two partners at the hedge fund Deerfield Management and two others were found guilty on Thursday of charges stemming from what prosecutors have described as an insider trading scheme based on leaks from within a federal healthcare agency.