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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.

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Accuray announces pending 510(k) for online adaptive therapy option, Cenos, for its Radixact System. Addition of Cenos allows online adaptation of treatment plan. Contouring portion of planning process automated by Limbus AI. Accuray committed to evolving radiation delivery systems. Partnership with Limbus AI praised. Accuray highlights include new financing options and VitalHold Breast Package now cleared. CyberKnife System offers advanced precision and real-time AI-driven treatment delivery.
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Accuray opens new global training facility in Madison, Wisconsin
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Accuray to host discussion with analysts and investors at ASTRO Annual Meeting on October 3, 2023
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Accuray receives FDA clearance for VitalHold breast package on Radixact System, offering clinicians more treatment options for breast cancer patients
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Accuray Incorporated (NASDAQ: ARAY) reported 8% Q4 revenue growth and record shipments for FY23. The company issued guidance for FY24, expecting total revenue in the range of $460 million to $470 million, representing a year-over-year growth range of 3% to 5% and adjusted EBITDA in the range of $27 million to $30 million.
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Accuray Incorporated (NASDAQ: ARAY) will report financial results for the fourth quarter and fiscal year 2023 on August 9, 2023. The 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. A webcast replay will be available until the announcement of first quarter fiscal 2024 results.
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Cognizant announces partnership with Accuray Incorporated to support SAP S/4HANA implementation for better data and analytics, and improved business efficiencies.
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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
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United States
MADISON