Accuray Reaffirms FY16 Guidance - Quick Facts

(RTTNews) - Accuray Incorporated (ARAY) reaffirmed its previously provided financial guidance for fiscal 2016. Total revenue is expected to be between $395 million to $410 million and adjusted EBITDA is expected to range between $25 million to $35 million.

Accuray continues to expect that gross orders for the fiscal year will be approximately $295 million, which would represent a 10 percent increase year over year.

Net loss improved to $6.0 million, or $0.08 per share, for the second quarter of fiscal 2016, compared to a net loss of $10.0 million, or $0.13 per share, for the second quarter of fiscal 2015. Adjusted EBITDA was $6.8 million, compared to $3.7 million in the second quarter of the prior fiscal year. Total revenue was $108.9 million, an increase of 11 percent from the prior fiscal year second quarter and an increase of 15 percent on a constant currency basis.