Mika Nishimura to Leave Accuray Board After 2026 Annual Meeting

Accuray Inc. amended a major shareholder report, detailing a $55M issuance of Series A Convertible Preferred Stock to investors, including affiliates of the reporting person. The deal involves $15M in cash and $40M in debt conversion, with warrants issued as incentives. The transaction is subject to closing conditions and stockholder approval. If not approved, a $15M fee is payable. The Series A Preferred Stock is convertible into common stock at $0.50 per share. TCW Asset Management gains board

Accuray (ARAY) reported a 21% revenue decline to $100.9M in Q4 2026, with China's market contributing to a 42% drop in product revenue. The company secured $60M in financing from TCW Asset Management, improving its balance sheet. Service revenue grew 6%, and cost savings exceeded targets. However, Accuray did not provide 2027 guidance due to trade policy uncertainties.

Accuray (ARAY) reported Q4 2026 revenue of $100.9M, down 21% YoY, with product revenue declining 42% due to geopolitical tensions. Service revenue grew 6% to $60.1M. Full-year revenue was $401.9M, down 12%. The company realized $20M in cost savings and expects $15M more in FY27. Adjusted EBITDA was $12.9M, up from $9.4M YoY. Management cited trade policy uncertainty and regional volatility as risks.

Accuray Incorporated reported Q4 2026 earnings, noting a $58M revenue decline due to China's geopolitical tensions. The company is shifting to a partner-centric model and saw 6% service revenue growth. Management highlighted clinical data validating their technology and $20M in cost improvements. No formal guidance was given for 2027 due to uncertainty. A debt-to-equity conversion with TCW and a reverse stock split plan were announced.

Accuray Inc (ARAY) reported a 12% year-over-year revenue decline to $402M for fiscal 2026, with product revenue down 27% due to China sales drop. Gross margin fell to 27.7% from 32.1%, and operating loss was $26.4M. Management cited geopolitical tensions and tariff uncertainty. The company secured $55M in funding from TCW Asset Management, converting debt and receiving cash investment. Service revenue grew 4% year-over-year, and the company aims to improve cost structure and market reach in fisc

Accuray (ARAY) reported Q4 and fiscal 2026 results, with total revenue down 21% YoY to $100.9M. Service revenue rose 6% YoY, while product revenue fell 42%. The company exceeded cost-saving targets, secured financing, and plans growth in service revenue for fiscal 2027.