Benzinga | Oct 21, 2021 04:14PM EDT

Accuray Sees Q1 2022 Revs ~$107.4M Vs $88.49M Est

Accuray is currently finalizing its financial results for the first quarter of fiscal 2022. While complete financial information and operating data are not yet available, set forth below are certain preliminary financial results for said period, which are subject to final adjustments based on completion of the company's quarter-end closing procedures and other developments that may arise between now and the time such financial results are finalized. Based on the preliminary results, management expects:

* Record first quarter revenue of approximately $107.4 million compared to $85.3 million as of September 30, 2020, representing 26 percent year-over-year growth

* Gross orders of $70.0 million for the quarter, an increase of 39 percent from the same period last year

* GAAP net loss range of $2.0 million to $1.0 million. Adjusted EBITDA range of $4.5 million to $5.5 million for the quarter

* Accuray has also updated its guidance for fiscal year 2022 as follows:

* Revenue for the full year of fiscal 2022 is expected to range between $420 million to $427 million Adjusted EBITDA for the full year of fiscal 2022 in the range of $33 million to $35 millionA