STOCK TITAN

Accuray Incorp - ARAY STOCK NEWS

Welcome to our dedicated page for Accuray Incorp news (Ticker: ARAY), a resource for investors and traders seeking the latest updates and insights on Accuray Incorp stock.

About Accuray Incorporated

Accuray Incorporated (NASDAQ: ARAY) is a global leader in radiation oncology, dedicated to advancing cancer care through cutting-edge radiation therapy and radiosurgery solutions. Headquartered in Madison, Wisconsin, the company develops, manufactures, and markets innovative technologies that enable healthcare providers to deliver precise, non-invasive treatments for a wide range of cancers and neurological conditions. With a focus on improving patient outcomes and expanding access to care, Accuray’s systems are designed to meet the diverse needs of clinicians and patients worldwide.

Core Technologies and Solutions

Accuray’s flagship products include the CyberKnife® System, a robotic radiosurgery platform, and the Radixact® System, an advanced helical radiation therapy device. These systems are equipped with proprietary features such as Synchrony® real-time motion tracking and ClearRT® imaging, enabling sub-millimeter accuracy in radiation delivery. The CyberKnife System is renowned for its ability to treat tumors in just 1 to 5 outpatient sessions, making it a preferred choice for patients requiring ultra-hypofractionated therapy. Similarly, the Radixact System’s continuous 360-degree helical delivery allows for precise dose conformity, minimizing radiation exposure to healthy tissues.

Market Position and Global Reach

Operating in the highly competitive radiation therapy market, Accuray distinguishes itself through its focus on robotic precision and adaptive technologies. The company has a strong presence in emerging markets, particularly in China, where its joint venture has facilitated the introduction of systems like the Tomo® C and Radixact SynC. Recent regulatory approvals for the CyberKnife S7™ and Radixact SynC Systems underscore Accuray’s commitment to addressing the growing demand for advanced cancer treatments in underserved regions.

Commitment to Innovation

Accuray’s 30-year legacy of innovation is exemplified by its continuous development of groundbreaking solutions, such as the recently launched Helix™ System, designed to improve access to radiotherapy in non-urban areas. The company also invests in clinical research, with studies like the PACE-B trial demonstrating the efficacy of its technologies in reducing treatment times while maintaining high rates of cancer control. These efforts align with Accuray’s mission to set new standards of care in radiation therapy.

Challenges and Opportunities

While Accuray faces challenges such as supply chain disruptions and competitive pressures, its strategic initiatives—such as expanding its service business and entering high-growth markets—position it for long-term success. The company’s focus on partnerships, like its collaboration with TrueNorth Medical Physics, further enhances its ability to support healthcare providers in delivering personalized, high-quality care.

Impact on Patients and Clinicians

Accuray’s technologies empower clinicians to treat complex cases with confidence, offering patients shorter treatment durations, reduced side effects, and improved quality of life. By combining precision, adaptability, and accessibility, Accuray is transforming the way cancer is managed, enabling more patients to benefit from life-saving radiation therapy.

Rhea-AI Summary
Accuray Incorporated (NASDAQ: ARAY) partners with Montérégie Integrated Cancer Center to introduce Radixact System for cancer treatment in Quebec. The system includes ClearRT™ and Synchrony® technologies to enhance treatment outcomes and minimize side effects. The center aims to set a new standard in precision and accuracy for radiation therapy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.14%
Tags
none
-
Rhea-AI Summary
Accuray Incorporated (NASDAQ: ARAY) is set to participate in the BTIG MedTech, Digital Health, Life Science & Diagnostic Tools Conference on February 13, 2024. The event is exclusive to BTIG clients, offering the opportunity for one-on-one meetings with management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.4%
Tags
conferences
-
Rhea-AI Summary
Accuray Incorporated (NASDAQ: ARAY) reported a 19% increase in gross orders, 8% service revenue expansion, and confirmed FY24 guidance. Net revenue for the second quarter of fiscal 2024 was $107.2 million, a 3% sequential increase and a 7% decrease from the same period in the prior fiscal year. GAAP net loss was $9.6 million, compared to $1.9 million in the prior fiscal year. Adjusted EBITDA was $2.0 million, compared to $8.5 million in the same period in the prior fiscal year. The company also reported a 6% increase in gross orders for the first six months of fiscal 2024 and reaffirmed guidance for fiscal year 2024, expecting total revenue in the range of $460 million to $470 million, representing a year-over-year growth range of 3 to 5 percent.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
Tags
Rhea-AI Summary
Accuray Incorporated (NASDAQ: ARAY) announced that the Providence Swedish Radiosurgery Center in Seattle, Washington is enhancing its cancer treatment capabilities with the purchase of the latest generation CyberKnife S7 System, the hospital's second CyberKnife radiation delivery device purchase. The precision and accuracy enabled by the system's robotic design will also make it an ideal choice for the treatment of neurologic disorders. The new system will enable the medical team to deliver gold standard stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT) treatments faster than with previous models, expanding access to an effective and convenient option to more patients. The CyberKnife S7 System is a non-invasive radiation therapy device that was built from the ground-up to provide clinicians with the speed they need for operational efficiency without sacrificing the precision and accuracy required for stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.36%
Tags
none
-
Rhea-AI Summary
Accuray Incorporated (NASDAQ: ARAY) will report financial results for the second quarter of fiscal year 2024, ended December 31, 2023, during a conference call on January 31, 2024. The conference call will be hosted by company management and a live webcast will be available. Investors can access the webcast replay from the Investor Relations section of the company's website. The dial-in numbers for the conference call and the replay numbers are provided for both USA and international participants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences earnings
-
Rhea-AI Summary
Accuray Incorporated (NASDAQ: ARAY) has initiated sales of the VitalHold™ package supporting surface-guided radiation therapy (SGRT) on the Radixact® System in Japan. The VitalHold feature incorporates SGRT capability on the Radixact System using the Catalyst+ HD system manufactured by C-RAD, enabling medical teams to offer a wider range of radiotherapy treatment options using one device. This new feature will make it possible to deliver deep inspiration breath hold (DIBH) treatments, primarily for breast cancers, and perform markerless patient setup, reducing the burden on medical staff and patients. The introduction of the VitalHold package is a significant technological innovation for the Radixact System, enhancing its functionality and versatility in the Japanese market, where over 100 units are routinely used to treat cancer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.17%
Tags
none
Rhea-AI Summary
Accuray Incorporated (NASDAQ: ARAY) Achieves 8% Revenue Growth, Reiterates FY 2024 Guidance
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.56%
Tags
-
Rhea-AI Summary
Accuray Incorporated (NASDAQ: ARAY) will be participating in the 14th Annual Jefferies London Healthcare Conference on November 15th, 2023. The management team will present and participate in a Q&A session. The presentation will be available for live webcast on the company's Investor Relations section. A webcast replay will also be available on the company's website for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
Tags
conferences
-
Rhea-AI Summary
Accuray Incorporated will report financial results for the first quarter of fiscal year 2024 on November 7, 2023. A conference call will be hosted by company management at 1:30 p.m. PT/4:30 p.m. ET. Dial-in numbers and webcast details are provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.53%
Tags
conferences earnings
Rhea-AI Summary
Accuray's Tomo® C radiation therapy system receives approval in China, expanding access to radiotherapy treatments for cancer patients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.15%
Tags
none

FAQ

What is the current stock price of Accuray Incorp (ARAY)?

The current stock price of Accuray Incorp (ARAY) is $1.92 as of March 3, 2025.

What is the market cap of Accuray Incorp (ARAY)?

The market cap of Accuray Incorp (ARAY) is approximately 199.5M.

What does Accuray Incorporated specialize in?

Accuray specializes in developing advanced radiation therapy and radiosurgery systems, including the CyberKnife® and Radixact® platforms, to treat cancer and neurological conditions.

How does the CyberKnife System work?

The CyberKnife System uses robotic precision and real-time motion tracking to deliver high-dose radiation with sub-millimeter accuracy, enabling treatment in 1 to 5 outpatient sessions.

What makes the Radixact System unique?

The Radixact System features helical delivery and ClearRT® imaging, allowing for continuous 360-degree radiation delivery that conforms precisely to the tumor while sparing healthy tissue.

What markets does Accuray serve?

Accuray serves global markets, with a strong presence in regions like North America, Europe, and Asia, including emerging markets such as China.

What are Accuray’s recent innovations?

Recent innovations include the Helix™ System for emerging markets, Radixact SynC with real-time adaptive delivery, and the CyberKnife S7™ for ultra-hypofractionated therapy.

How does Accuray address gaps in cancer care?

Accuray focuses on expanding access to advanced radiotherapy through innovative technologies, strategic partnerships, and tailored solutions for underserved regions.

What clinical evidence supports Accuray’s technologies?

Studies like the PACE-B trial demonstrate the efficacy of Accuray’s systems in reducing treatment times and achieving high cancer control rates with minimal side effects.

What challenges does Accuray face?

Challenges include supply chain disruptions, regulatory hurdles, and competition in the radiation therapy market. However, strategic initiatives and innovation help mitigate these risks.

How does Accuray generate revenue?

Accuray generates revenue through product sales, service agreements, and strategic partnerships, with a growing focus on emerging markets and service expansion.

What is Accuray’s mission?

Accuray is committed to improving lives by advancing the curative power of radiation therapy through continuous innovation and global accessibility.
Accuray Incorp

Nasdaq:ARAY

ARAY Rankings

ARAY Stock Data

199.48M
100.18M
2.58%
62.89%
4%
Medical Devices
Surgical & Medical Instruments & Apparatus
Link
United States
MADISON