Accuray Incorporated provided preliminary earnings guidance for the second quarter and full year of 2016. For the quarter, the company reported, gross product orders are expected to be approximately $67 million. Net orders are expected to be approximately $43 million after age-outs, cancellations and foreign currency. Revenue is expected to be approximately $107.5 million, an increase of 10% year-over-year or 13% on a constant currency basis.

The company reaffirmed its financial guidance for full year fiscal 2016 as total revenue of $395 million to $410 million, gross orders of approximately $295 million and adjusted EBITDA of $25 million to $35 million. The company expects depreciation of $10,850,000, interest expense, net of $17,300,000. Adjusted EBITDA range between $25,000 to $35,000.