In Q4 FY2024, Accuray reported a fifth consecutive quarter of revenue growth, delivering $134.3 million in net revenue, up 14% year over year and representing the highest quarterly revenue in the company’s history. The quarter featured a record 36 system shipments, 28% year-over-year product revenue growth, and a book-to-bill ratio of 1.2, underscoring durable demand across international markets and the momentum of next-generation platforms. Management highlighted meaningful progress in China with the Tomo C program advancing to Type B shipments following final approvals, and a broader push into emerging markets such as APAC and Latin America. Despite near-term margin headwinds from China margin deferral timing, FX effects (notably in Japan) and a supplier quality issue in Q4, Accuray exited the quarter with a positive operating trajectory and a clearly defined path to margin recovery.