Accuray Q4 Revenue Hits $128 Million

Accuray reported fourth-quarter fiscal 2025 results on August 13, 2025, with $128 million in revenue (down 5% year-over-year), service revenue of $56.9 million (up 4% year-over-year), and adjusted EBITDA of $9.4 million. Management completed a comprehensive debt refinancing in June, highlighted solid order momentum (book-to-bill 1.2), and issued guidance of $471 million to $485 million in revenue for fiscal year 2026 (ending June 30, 2026) and $31 million to $35 million in adjusted EBITDA for fiscal year 2026. The call focused on margin drivers, global supply chain shocks, and strategic product expansion in growth markets.During the quarter, Accuray(NASDAQ:ARAY) exchanged approximately $82 million of 3.75% convertible notes due in 2026 for about 8.9 million shares and $68.6 million in cash, and entered a $190 million credit agreement with TCW, including a $150 million five-year term loan, $20 million delayed draw term loan, and $20 million revolver. This refinancing ended the company’s relationship with Silicon Valley Bank and resulted in a liquidity position of $62 million at quarter end.The new capital structure eliminates near-term refinancing risk and provides the flexibility to invest in growth, research and development, and process efficiency over the next several years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool