Accuray (ARAY) Hits 600 System Milestone for CyberKnife, TomoTherapy
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Accuray Incorporated (Nasdaq: ARAY), reports significant momentum in global adoption of its CyberKnife Robotic Radiosurgery System and TomoTherapy System, solidifying the company's footprint in the large and growing radiation oncology market. This, along with the company's short- and long-term growth strategy, was presented yesterday by Accuray President and Chief Executive Officer Euan Thomson, Ph.D. as part of the 30th Annual J.P. Morgan Healthcare Conference in San Francisco.
Accuray has taken its installed base from zero to over 600 commercially released systems in approximately 10 years. That momentum has continued in the U.S. and internationally as a result of growing demand for effective and efficient radiation oncology treatments in emerging growth markets, and as the growing body of clinical evidence mounts supporting the unique advantages of the company's image-guided radiosurgery and IMRT technologies. Additionally as Accuray's earliest CyberKnife and TomoTherapy Systems reach the end of their life cycle, new opportunities emerge for organic replacement business, along with the opportunity to capture the replacement market for older, pre-existing linacs at centers that desire newer, state-of-the-art capabilities. As the installed base grows, so does Accuray's recurring revenue streams through service contracts, which together represent continued momentum and a proven track record of year over year growth.
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Accuray has taken its installed base from zero to over 600 commercially released systems in approximately 10 years. That momentum has continued in the U.S. and internationally as a result of growing demand for effective and efficient radiation oncology treatments in emerging growth markets, and as the growing body of clinical evidence mounts supporting the unique advantages of the company's image-guided radiosurgery and IMRT technologies. Additionally as Accuray's earliest CyberKnife and TomoTherapy Systems reach the end of their life cycle, new opportunities emerge for organic replacement business, along with the opportunity to capture the replacement market for older, pre-existing linacs at centers that desire newer, state-of-the-art capabilities. As the installed base grows, so does Accuray's recurring revenue streams through service contracts, which together represent continued momentum and a proven track record of year over year growth.
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