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.
Accuray Incorporated (NASDAQ: ARAY) generates a steady flow of news related to radiation oncology, product innovation, clinical collaborations and corporate strategy. As a developer and manufacturer of radiation therapy systems such as the CyberKnife System and the Radixact Treatment Delivery System, the company regularly issues updates on technology launches, clinical milestones and organizational changes that are relevant to investors, clinicians and other stakeholders following ARAY stock.
News about Accuray often highlights advances in its radiation therapy portfolio. Recent announcements have included the introduction of the Accuray Stellar Solution, a configuration of the Radixact system initially for the U.S. market, designed to support adaptive radiotherapy and multiple delivery modalities. The company also reports on collaborations, such as a memorandum of understanding with the University of Wisconsin School of Medicine and Public Health to advance online adaptive radiotherapy on its helical radiation treatment delivery platform.
Corporate and financial developments are another key focus of Accuray’s news flow. Press releases and related SEC filings cover quarterly and annual financial results, guidance, non-GAAP measures such as adjusted EBITDA, and details of a comprehensive strategic, operational and organizational transformation plan. These communications describe initiatives such as streamlining the commercial structure, centralizing core functions, outsourcing selected non-core activities, and workforce reductions, along with associated restructuring charges and expected effects on operating profitability.
Governance and capital structure updates also appear in the company’s news. Examples include leadership changes, board appointments, equity incentive plans, and financing agreement amendments that involve warrants to purchase common stock. Clinical and market expansion stories, such as the first CyberKnife S7 System treatments in Melbourne, Australia through a collaboration with 5D Clinics and Icon Group, illustrate how Accuray’s technology is being deployed in new locations and settings.
This ARAY news page brings together these types of announcements in one place, allowing readers to review product launches, clinical collaborations, financial disclosures and transformation updates over time. For anyone researching Accuray’s business direction, technology focus or corporate actions, the news feed offers a structured view of the company’s public communications.
Accuray Incorporated (NASDAQ: ARAY) has appointed Mike Leischer as vice president and general manager of the Americas region, effective immediately. Leischer brings over 23 years of experience in sales and strategy from companies like Canon Medical Systems USA and GE Healthcare. His role will involve leading commercial teams and driving business strategy to meet the company's objectives. Leadership expressed confidence in his ability to enhance market share and build strategic partnerships, stating this is a pivotal time for Accuray due to its product portfolio.
Accuray Incorporated (NASDAQ: ARAY) will report its financial results for the first quarter of fiscal year 2021, ending September 30, 2020. The announcement will be made after the market closes on October 29, 2020. Management will conduct a conference call at 1:30 p.m. PT on the same day to discuss the results. Dial-in details are provided for both domestic and international participants. A live webcast will also be available on the company’s Investor Relations website, with a replay accessible until the next quarterly results are announced.
Accuray Incorporated (NASDAQ: ARAY) will host an Analyst & Investor Meeting on October 26, 2020, in conjunction with the ASTRO Annual Meeting. The virtual event will run from 1:00 pm ET to 3:00 pm ET. Management will discuss the company's growth strategies focused on advancing radiation therapy, featuring insights from physician guest speakers. Registration is required by October 20, 2020, and a replay will be available post-event on Accuray's website.
Accuray Incorporated (NASDAQ: ARAY) has announced that several leading hospitals in Japan are now utilizing its Radixact® System combined with Synchrony® Automatic, Real-time Motion Synchronization Technology for advanced cancer treatments. This technology allows more precise treatment of tumors that move, reducing radiation exposure to healthy tissue. Notably, Takarazuka City Hospital treated the first Synchrony patient in Asia and was the first globally to perform a liver treatment with this technology. The adoption of these systems in Japan, which has the highest penetration of such innovations, aims to enhance cancer care and treatment outcomes.
Accuray Incorporated (NASDAQ: ARAY) will present at the Lake Street Capital Markets Best Ideas Growth (BIG4) Conference on September 17, 2020. CEO Joshua H. Levine and CFO Shig Hamamatsu are set to share insights with institutional investors during this virtual event. Prior to the conference, management will engage in various one-on-one and group discussions throughout the day. For more information, visit Lake Street Capital Markets.
Accuray Incorporated (NASDAQ: ARAY) has announced a significant milestone with the University Hospital Città della Salute e della Scienza in Turin, Italy, successfully treating the first cancer patients in the EIMEA region using the Radixact® System featuring Synchrony® technology. This innovative approach allows for personalized cancer care by adapting treatment based on real-time patient movements, enhancing the precision of radiation therapy. The first patient treated was an 85-year-old man with early-stage lung cancer, benefiting from the system's ability to minimize harm to healthy tissues.
Accuray reported its Q4 and fiscal year 2020 results, highlighting gross orders of $94.3 million and a net revenue of $95.0 million. The company experienced a net loss of $0.8 million for Q4, while fiscal year net income reached $3.2 million. Notably, gross product orders increased by 10% to $377.3 million year-over-year, with an ending backlog of $602.7 million, up 22%. However, the company refrained from providing guidance for fiscal 2021 due to uncertainties surrounding COVID-19.
Accuray Incorporated (NASDAQ: ARAY) announced the appointment of Anne B. Le Grand to its Board of Directors, effective July 16, 2020. Ms. Le Grand brings over 25 years of experience in the healthcare technology sector, previously serving at IBM Watson Health Imaging and Philips Health Systems. Her role aims to enhance Accuray's product innovation in radiation therapy. CEO Joshua H. Levine highlighted her track record in launching market-driven products vital for financial growth. This strategic addition to the board reflects Accuray's commitment to improving cancer treatment.
Accuray Incorporated (NASDAQ: ARAY) will announce its financial results for Q4 and fiscal year 2020, ending June 30, on August 13, 2020. The announcement will take place after market close, followed by a conference call at 1:30 p.m. PT/4:30 p.m. ET. Investors can access a live webcast and a replay on the company’s website. Accuray develops advanced radiotherapy systems aimed at improving cancer treatment outcomes.
Accuray Incorporated (NASDAQ: ARAY) launched the CyberKnife S7 System on June 17, 2020, a robotic, non-invasive radiation therapy device designed for faster and more accurate treatment of tumors. This innovative system integrates real-time AI-driven motion tracking, allowing for treatments to be delivered in as little as 15 minutes. Geisinger Cancer Institute is the first center globally to utilize this technology, enhancing patient care by adapting to patient movement. Moreover, changes in Medicare & Medicaid favor hypofractionated radiotherapy, positioning CyberKnife as a valuable tool for hospitals aiming for clinical effectiveness and return on investment.
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