Accuray Incorporated announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2017. For the quarter, the company reported total net revenue was $100,329,000 against $87,502,000 a year ago. Loss from operations was $1,017,000 against $4,823,000 a year ago. Loss before provision for loss taxes was $4,755,000 against $8,943,000 a year ago. Net loss was $4,719,000 against $9,369,000 a year ago. Basic and diluted loss per share was $0.06 against $0.11 a year ago. Adjusted EBITDA was $4,754,000 compared to $1,768,000 a year ago.

For the six months, the company reported total net revenue was $191,279,000 against $174,008,000 a year ago. Loss from operations was $3,069,000 against $11,370,000 a year ago. Loss before provision for loss taxes was $13,378,000 against $19,495,000 a year ago. Net loss was $14,101,000 against $19,295,000 a year ago. Basic and diluted loss per share was $0.17 against $0.24 a year ago. Adjusted EBITDA was $7,897,000 compared to $2,936,000 a year ago.

The company is reaffirming the revenue, gross orders, and adjusted EBITDA, guidance for the full year ending June 30, 2018 originally provided on August 22, 2017 as follows: Revenue of $390.0 million to $400.0 million representing growth of approximately 2% to 4% year-over-year with product revenue growing approximately 5% to 10% year-over-year; The company expects Adjusted EBITDA of $25.0 million to $30.0 million representing growth of approximately 23% to 47% year-over-year. The company expects GAAP net loss in the range of $19.2 million to $14.2 million.