Accuray Incorporated (NASDAQ:ARAY) Q1 2024 Earnings Conference Call November 7, 2023 4:30 PM ET

Company Participants

Jesse Chew - SVP and Chief Legal Officer

Suzanne Winter - President and CEO

Ali Pervaiz - CFO

Conference Call Participants

Young Li - Jefferies

Brooks O'Neil - Lake Street Capital Markets

Brandon Carney - B. Riley

Operator

Good afternoon and welcome to the Accuray's First Quarter 2024 Conference Call. [Operator Instructions] Please note that this event is being recorded.

I would now like to turn the conference over to Jesse Chew, Senior Vice President and Chief Legal Officer. Please go ahead.

Jesse Chew

Thank you, operator, and good afternoon, everyone. Welcome to Accuray's conference call to review financial results for the first quarter of fiscal year 2024, which ended September 30, 2023. During our call this afternoon, management will review recent corporate developments. Joining us on today's call are Suzanne Winter, Accuray's President and Chief Executive Officer; and Ali Pervaiz, Accuray's Chief Financial Officer.

Before we begin, I would like to remind you that our call today includes forward-looking statements. Actual results may differ materially from those contemplated or implied by these forward-looking statements. Factors that could cause these results to differ materially are outlined in the press release we issued just after the market closed this afternoon, as well as in our filings with the Securities and Exchange Commission. We based the forward-looking statements on this call on the information available to us as of today's date. We assume no obligation to update any forward-looking statements as a result of new information or future events, except to the extent required by applicable securities laws. Accordingly, you should not put undue reliance on any forward-looking statements.

A few housekeeping items for today's call. First, during the Q&A session, we request that participants limit themselves to two questions and then re-queue with any follow-ups. Second, all references to a specific quarter in the prepared remarks are to our fiscal year quarters. For example, statements regarding our first quarter refer to our fiscal first quarter ended September 30, 2023. Additionally, there will be a supplemental slide deck to accompany this call, which you can access by going directly to Accuray's investor relations page at investors.accuray.com.

With that, let me turn the call over to Accuray's Chief Executive Officer, Suzanne Winter. Suzanne.

Suzanne Winter

Thank you, Jesse. Good afternoon, and thank you for joining the call. The Accuray team had a strong start to the fiscal year, delivering on both revenue and EBITDA in the quarter. We are making great progress toward our fiscal year 2024 priorities, which include achieving above market revenue growth through new product innovation and commercial execution; expanding margins and profitability through enhanced pricing and operating efficiencies; and competing more effectively by leveraging strategic partnerships in new product development and market access.