NEW YORK, September 16, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Accuray Incorporated (NASDAQ: ARAY). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=ARAY

Highlights from our ARAY Report include: 


        
        - Quarterly Highlights - On August 20, 2015, Accuray Incorporated, announced its
          financial results for the fiscal fourth quarter ended June 30, 2015. The Company's
          gross orders were recorded at $84.9 million in Q4 2015, against $74.5 million in Q4
          2014, reflecting an increase of 14% on a reported basis and 20% on a constant currency
          basis. Net revenue generated for the period was $101.8 million, relatively flat on YoY
          basis but an increase of 5% on a constant currency basis. In addition, gross profit of
          the Company stood at $40.5 million, higher than $38.4 million in previous year
          quarter. Moreover, in Q4 2015, net loss declined to $5.6 million, or $0.07 per share,
          from a net loss of $9.8 million, or $0.13 per share, in the same quarter last year.
          Further, adjusted EBITDA for the period grew to $6.7 million, from $2.5 million in
          prior year quarter.



        
        - 2016 Financial Guidance - The Company expects fiscal 2016 revenue to be in the
          range of $395 million to $410 million, a growth of 4% to 8% over revenue in fiscal
          2015. Revenue by quarter as a percent of total year is expected to be similar to
          fiscal 2015. Further, the Company forecasts adjusted EBITDA to be approximately $25
          million to $35 million, representing a growth of 112% to 197% over adjusted EBITDA in
          fiscal 2015. Higher expected adjusted EBITDA reflects flat to moderately improving
          gross margins and ongoing expense control.



        
        - Management Commentary - Highlighting the achievements during the period, Joshua H.
          Levine, President and Chief Executive Officer of Accuray, said, "Our team finished the
          year with strong momentum globally as we executed on our core strategies for driving
          consistent growth. We successfully launched the InCise MLC for the CyberKnife System,
          continued to gain traction with our TomoTherapy System positioning, began to see
          results from our domestic GPO/strategic account selling initiative and continued to
          expand on our success in China. Underlying these achievements was a focus on our
          customers who continued to report industry leading customer satisfaction with regard
          to Accuray equipment."

To find out how this influences our rating on Accuray Incorporated read the full report in its entirety here: http://www.aciassociation.com/reports?keyword=ARAY

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