ARAY - Accuray GAAP EPS of -$0.06 misses by $0.02 revenue of $96.49M misses by $3.45M

• Accuray press release ( NASDAQ: ARAY ): Q1 GAAP EPS of -$0.06 misses by $0.02 .
• Revenue of $96.49M (-10.2% Y/Y) misses by $3.45M .
• Gross orders of $69.8 million, were flat versus the prior fiscal year. On a constant currency basis, gross orders compared to the same period in the prior fiscal year increased $4.7 million, a 6.5% growth.
• Adjusted EBITDA for the first quarter of fiscal 2023 was $1.9 million, compared to $5.4 million for the prior fiscal year first quarter.
• Cash, cash equivalents, and short-term restricted cash were $81.2 million as of September 30, 2022, a decrease of $7.7 million from June 30, 2022.
• 2023 Guidance: Total revenue is expected in the range of $447.0 million to $455.0 million, representing a year-over-year growth at the midpoint of the range of 5%.
• Adjusted EBITDA is expected in the range of $26.0 million to $30.0 million
• Shares -1.55% .

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