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EX - 99.1 2 aray - ex991_6.htm EX - 99.1 Joseph Diaz Managing Partner , Investor Relations , Lytham Partners , LLC +1 ( 602 ) 889-9660 jdiaz@accuray.com ● Exhibit 99.1 ACCURAY Beth Kaplan Public Relations Director , Accuray +1 ( 408 ) 789-4426 bkaplan@accuray.com Accuray Reports Fiscal 2022 First Quarter Financial Results Record Revenue First Quarter Fiscal 2022 SUNNYVALE , Calif . , November 3 , 2021 — Accuray Incorporated ( NASDAQ : ARAY ) today reported financial results for the first quarter of fiscal 2022 ended September 30 , 2021 . First Quarter Fiscal 2022 Summary Record net revenue of $ 107.4 million , including $ 25.5 million of system revenue in China , as compared to net revenue of $ 85.3 million in the prior period Gross orders of $ 70.0 million , an increase of 39 percent from the three months ended September 30 , 2020 GAAP Net loss of $ 1.0 million as compared to GAAP Net income of $ 0.4 million in the prior year . Adjusted EBITDA of $ 5.4 million as compared to adjusted EBITDA of $ 9.0 million in the prior year first quarter Other Recent Operational Highlights Received 510 ( k ) clearance for VOLO ™ Ultra enhancement to the Accuray Precision® treatment planning system for the Radixact® System , full commercial launch at ASTRO 2021 Strong demand for ClearRT ™ Helical kVCT Imaging for the Radixact® System : 59 global orders received since its commercial release in December 2020 New integration with RayStation® treatment planning system for the CyberKnife® M6TM and S7TM Systems , exhibited at ASTRO 2021 " By any measure , our Q1 performance was a very strong start to our FY22 fiscal year . Q1 revenue of $ 107.4 million represents the largest first fiscal quarter revenue that Accuray has ever recorded . Our performance reflects the visible impact of the investments in innovation we have made to our product portfolio , how those new technologies are being received by customers across the world and a laser - like focus on commercial execution , all of which are driving accelerated revenue growth in our business , " said Joshua Levine , Chief Executive Officer . Q1 Fiscal 2022 Financial Highlights Total net revenue was $ 107.4 million for the first quarter of fiscal 2022 compared to $ 85.3 million for the prior fiscal year first quarter . Product revenue totaled $ 52.8 million for the first quarter of fiscal 2022 compared to $ 31.3 million for the prior fiscal year first quarter , while service revenue totaled $ 54.7 million for the first quarter of fiscal 2022 compared to $ 54.1 million for the prior fiscal year first quarter . Total gross profit for the first quarter of fiscal 2022 was $ 39.5 million or approximately 36.8 percent of total net revenue , comprised of product gross margin of 40.3 percent of product net revenue and service gross margin of 33.4 percent of service net revenue . This compares to total gross profit of $ 35.4 million or 41.5 percent of total net revenue , comprised of product gross margin of 41.1 percent of product net revenue and service gross margin of 41.7 percent of service net revenue for the prior fiscal year first quarter . Net loss was $ 1.0 million , or $ 0.1 per share , for the first quarter of fiscal 2022 , compared to net income of $ 0.4 million , or an income of $ 0 per share , for the prior fiscal year first quarter .