OverviewSuggest Edit

Accuray is a radiation oncology company that develops, manufactures, sells, and supports precise tumor treatment solutions. It delivers advanced treatments, including stereotactic radiosurgery, stereotactic body radiation therapy, intensity-modulated radiation therapy, image-guided radiation therapy, and adaptive radiation therapy. Its proprietary products, the CyberKnife, TomoTherapy, and Radixact systems are capable of treating all standard radiation therapy indications including breast, prostate, lung, and head and neck cancers. The company caters to the healthcare sector.
TypePublic
Founded1990
HQSunnyvale, CA, US
Websiteaccuray.com
Employee Ratings4.1
Overall CultureD-

Latest Updates

Employees (est.) (Jun 2021)995(+7%)
Job Openings125
Revenue (FY, 2021)$396.3 M(+4%)
Share Price (May 2022)$2.3
Cybersecurity ratingCMore
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Key People/Management at Accuray

Joshua Levine

Joshua Levine

Chief Executive Officer
Suzanne Winter

Suzanne Winter

President
Mika Nishimura

Mika Nishimura

Independent Director
Scott Chapman

Scott Chapman

Senior Vice President, Global Service
Jesse Chew

Jesse Chew

Senior Vice President, General Counsel and Corporate Secretary
Byron C. Scott

Byron C. Scott

Independent Director
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Accuray Office Locations

Accuray has offices in Sunnyvale, Madison, Chengdu, Hong Kong and in 2 other locations
Sunnyvale, CA, US (HQ)
1310 Chesapeake Terrace
Madison, WI, US
1240 Deming Way
Chengdu, CN
No. 8, Kexin Road, Hi-Tech Zone (West Area)
Hong Kong, HK
15 Canton Road
Tokyo, JP
2-2-1 Otemachi, Chiyoda-ku
Morges, CH
Route de la Longeraie 9
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Accuray Financials and Metrics

Accuray Revenue

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Accuray's revenue was reported to be $396.29 m in FY, 2021 which is a 3.5% increase from the previous period.
USD

Revenue (Q1, 2022)

107.4m

Gross profit (Q1, 2022)

39.5m

Gross profit margin (Q1, 2022), %

36.8%

Net income (Q1, 2022)

(1.0m)

EBIT (Q1, 2022)

2.4m

Market capitalization (13-May-2022)

210.0m

Closing stock price (13-May-2022)

2.3

Cash (30-Sept-2021)

104.7m

EV

327.3m
Accuray's current market capitalization is $210 m.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

418.8m382.9m396.3m

Revenue growth, %

3%(9%)3%

Cost of goods sold

256.1m233.2m236.8m

Gross profit

162.7m149.7m159.5m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

89.6m98.8m99.5m85.3m97.5m102.6m107.4m

Cost of goods sold

56.6m60.9m60.4m49.9m56.6m63.0m67.9m

Gross profit

32.9m37.9m39.1m35.4m40.8m39.5m39.5m

Gross profit Margin, %

37%38%39%41%42%39%37%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

76.8m107.6m116.4m

Accounts Receivable

111.9m90.6m85.4m

Prepaid Expenses

24.2m21.2m21.5m

Inventories

120.8m134.4m125.9m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

80.9m96.4m89.7m90.0m107.3m126.3m104.7m

Accounts Receivable

104.7m87.7m102.7m75.0m65.4m69.9m94.0m

Prepaid Expenses

20.5m20.3m21.3m18.1m22.3m21.0m22.3m

Inventories

129.2m131.3m136.3m141.0m138.7m136.9m126.5m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

(16.4m)3.8m(6.3m)

Depreciation and Amortization

10.5m7.5m6.4m

Inventories

(14.2m)(23.2m)1.7m

Accounts Payable

9.5m(6.8m)(4.0m)
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

(9.4m)1.4m4.0m402.0k5.2m4.8m(1.0m)

Depreciation and Amortization

1.9m3.7m5.6m1.7m3.3m4.9m1.4m

Inventories

(10.5m)(17.2m)(23.8m)(7.7m)(6.8m)(7.0m)(2.1m)

Accounts Payable

(5.7m)(7.7m)(3.4m)(5.2m)(12.1m)(5.0m)3.6m
USDFY, 2019

EV/EBIT

726.8 x

EV/CFO

-14.3 x

Revenue/Employee

442.2k

Debt/Equity

3.2 x

Debt/Assets

0.4 x

Financial Leverage

8.8 x

P/E Ratio

(20.4)
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Accuray Operating Metrics

Accuray's Backlog was reported to be $495.6m in FY, 2019.
FY, 2017FY, 2018FY, 2019

Backlog

$452.85 k$478.48 m$495.63 m

Net Orders

226.56 m209.53 m218.26 m

Patents Issued

368435456

Patent Applications

10787110
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Accuray Acquisitions / Subsidiaries

Company NameDateDeal Size
Morphormics, Inc.July 17, 2012$5.7 m
TomoTherapy IncorporatedMarch 07, 2011$277 m
Accuray Accelerator Technology (Chengdu) Company Limited
Accuray Asia Ltd.
Accuray Belgium BV
Accuray Brasil Comércio, Importação e Exportação de Equipamentos Médicos Ltda
Accuray Europe SAS
Accuray International SARL
Accuray Italy S.R.L
Accuray Japan K.K.
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Accuray Revenue Breakdown

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Accuray revenue breakdown by business segment: 55.4% from Services and 44.6% from Products

Accuray revenue breakdown by geographic segment: 20.1% from China, 26.7% from Americas, 30.7% from Europe, Middle East, India and Africa, 6.7% from Asia Pacific and 15.8% from Japan

Accuray Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

SecurityScorecard logo

Accuray Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Accuray Online and Social Media Presence

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Accuray Company Culture

  • Overall Culture

    D-

    57/100

  • CEO Rating

    D-

    57/100

  • Compensation

    C+

    70/100

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Accuray News and Updates

New Data Presented at ESTRO 2022 Reinforce Benefits of Accuray CyberKnife® and TomoTherapy® Platforms Across a Range of Indications and Complexities

More Than 70 Abstracts Build on the Clinical Evidence Supporting the Use of These Technologies SUNNYVALE, Calif., May 10, 2022 /PRNewswire/ -- Accuray Incorporated (NASDAQ: ARAY) announced today that clinical studies continue to validate the versatility of the company's CyberKnife® and...

Owner of Arkansas Derby Winner Named Horse After the Life-Changing Accuray CyberKnife® Radiation Therapy Technology Used to Treat His Cancer

SUNNYVALE, Calif., April 21, 2022 /PRNewswire/ -- When Al Gold, the owner of the Arkansas Derby winner Cyberknife, received a diagnosis of prostate cancer, he was determined to find a potential cure for his disease while minimizing the impact of treatment on his daily life. Mr. Gold's...

CARTI Selects Accuray CyberKnife® S7™ System to Increase Access to Advanced Cancer Care for Patients in Rural Communities Throughout Arkansas

SUNNYVALE, Calif., March 8, 2022 /PRNewswire/ -- Accuray Incorporated (NASDAQ: ARAY) announced today that the CARTI medical care team in Little Rock, Arkansas has treated the first patients in the state using the Accuray CyberKnife® S7™ System. The entire CyberKnife procedure is typically...

NICE Endorses Radiosurgery Treatments for Trigeminal Neuralgia, Supporting Accuray CyberKnife® System Indications for Use

SUNNYVALE, Calif., Feb. 28, 2022 /PRNewswire/ -- Accuray Incorporated (NASDAQ: ARAY) announced today that the National Institute for Health and Care Excellence (NICE)* has endorsed the use of radiosurgery for trigeminal neuralgia (TN), strengthening the evidence for the company to market...

Radiation Therapy Equipment Market to grow at a CAGR of 9.19% by 2026 | Evolving Opportunities with Accuray Inc.& Bionix LLC | Technavio

NEW YORK, Feb. 28, 2022 /PRNewswire/ -- 38% of the growth will originate from North America for the radiation therapy equipment market. The US is the key market for radiation therapy equipment market in North America. Market growth in this region will be faster than the growth of the...

Accuray TomoTherapy® Helical Radiotherapy System Helps Preserve Breast Cancer Patients' Long-term Heart and Lung Functionality

SUNNYVALE, Calif., Feb. 10, 2022 /PRNewswire/ -- Accuray Incorporated (NASDAQ: ARAY) announced today that data from a phase III, randomized controlled trial, TomoBreast, indicate post-surgery hypofractionated radiotherapy delivered with the TomoTherapy® System is superior to conventional...
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Accuray Frequently Asked Questions

  • When was Accuray founded?

    Accuray was founded in 1990.

  • Who are Accuray key executives?

    Accuray's key executives are Joshua Levine, Suzanne Winter and Mika Nishimura.

  • How many employees does Accuray have?

    Accuray has 995 employees.

  • What is Accuray revenue?

    Latest Accuray annual revenue is $396.3 m.

  • What is Accuray revenue per employee?

    Latest Accuray revenue per employee is $398.3 k.

  • Who are Accuray competitors?

    Competitors of Accuray include Micro Systems Engineering, Distalmotion and Personalis.

  • Where is Accuray headquarters?

    Accuray headquarters is located at 1310 Chesapeake Terrace, Sunnyvale.

  • Where are Accuray offices?

    Accuray has offices in Sunnyvale, Madison, Chengdu, Hong Kong and in 2 other locations.

  • How many offices does Accuray have?

    Accuray has 6 offices.