ARAY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03

Price $0.28

Market Cap (MRQ) $34M

P/E -1.0

EPS $-0.02

Revenue $402M

ROE -103.4%

Debt/Equity 3.5

52W Range $0–$2

ARAY Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04

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10-Year Performance Revenue, net income, margins and EPS trends

06

Revenue$402M

2017-06-30 → 2026-06-30

EPS$-0.02

2018-06-30 → 2025-06-30

Free Cash Flow$-13M

2017-06-30 → 2026-06-30

Net margin-12.2%

2019-06-30 → 2026-06-30

Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric	ARAY	5Y avg	Peer Median	Verdict
P/E	-1.05Y avg ≈-30.4	≈-30.4	·	·
P/S (TTM)	0.15Y avg ≈0.4	≈0.4	2.1	Undervalued
P/B (MRQ)	0.85Y avg ≈3.8	≈3.8	6.9	Undervalued
EV / EBITDA	-7.65Y avg ≈31.7	≈31.7	·	·
Price / FCF (TTM)	-2.65Y avg ≈21.9	≈21.9	·	·
Price / Cash Flow (TTM)	-4.85Y avg ≈-18.0	≈-18.0	·	·
EV / Revenue	0.45Y avg ≈0.7	≈0.7	·	·
EV / FCF	-11.05Y avg ≈22.5	≈22.5	·	·
Price / Tangible Book (MRQ)	0.8	·	·	·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric	ARAY	5Y avg	Peer Median	Verdict
Gross Margin (TTM)	27.7%5Y avg ≈32.7%	≈32.7%	58.7%	Weak
Operating Margin (TTM)	-6.6%5Y avg ≈-0.47%	≈-0.47%	-6.6%	In line
EBITDA Margin (TTM)	-4.6%5Y avg ≈0.92%	≈0.92%	-4.6%	In line
Pretax Margin (TTM)	-11.8%5Y avg ≈-3.2%	≈-3.2%	-11.8%	In line
Net Profit Margin (TTM)	-12.2%5Y avg ≈-3.9%	≈-3.9%	-12.2%	In line
ROA	-10.8%5Y avg ≈-4.3%	≈-4.3%	-10.8%	In line
ROE	-103.4%5Y avg ≈-41.7%	≈-41.7%	-109.6%	Top tier
ROIC	-14.5%5Y avg ≈-0.97%	≈-0.97%	-14.5%	In line

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric	ARAY	5Y avg	Peer Median	Verdict
Debt / Equity	3.55Y avg ≈3.6	≈3.6	2.9	High debt
Current Ratio (MRQ)	1.55Y avg ≈1.6	≈1.6	1.5	In line
Quick Ratio	0.65Y avg ≈0.8	≈0.8	0.8	Low liquidity
Long-Term Debt / Equity (MRQ)	3.55Y avg ≈3.4	≈3.4	3.2	High debt

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric	ARAY	5Y avg	Peer Median	Verdict
Revenue YoY	-12.3%5Y avg ≈0.54%	≈0.54%	·	·
Revenue CAGR 3Y	-3.5%5Y avg ≈2.0%	≈2.0%	·	·
Revenue CAGR 5Y	0.28%	·	·	·

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric	5Y trend	ARAY	5Y avg	Peer Median	Verdict
EPS (Diluted)		$-0.025Y avg ≈$-0.09	≈$-0.09	·	·
Cash / Share		$0.345Y avg ≈$0.72	≈$0.72	·	·

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric	ARAY	5Y avg	Peer Median	Verdict
Asset Turnover	0.95Y avg ≈0.9	≈0.9	0.9	In line
Inventory Turnover	2.05Y avg ≈2.1	≈2.1	2.0	In line
Receivables Turnover	5.35Y avg ≈5.2	≈5.2	6.0	Weak
Revenue / Employee	≈$496.8K	·	·	·

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14

Avg Surprise -4.2%

Next Report Nov 03, 2026

Period	Report	EPS Actual	EPS Est	Surprise
Dec. 31, 2026	Aug 19, 2026	$0.00	$-0.10	103.9%
June 30, 2026		$0.00	$-0.10	103.9%
March 31, 2026		$-0.09	$-0.05	-96.1%
Dec. 31, 2025		$-0.11	$-0.11	2.0%
Sept. 30, 2025		$-0.14	$-0.06	-128.8%
June 30, 2025		$0.00	$0.02	-94.4%
March 31, 2025		$-0.01	$-0.05	80.4%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15

Income Statement 18

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$402M	$459M	$447M	$448M	$430M	$396M	$383M	$419M	$405M	$383M	$399M	$380M
Cost of Revenue	$290M	$312M	$304M	$294M	$270M	$237M	$233M	$256M	$243M	$242M	$240M	$234M
Gross Profit	$111M	$147M	$143M	$154M	$160M	$160M	$150M	$163M	$162M	$141M	$159M	$145M
R&D Expense	$38M	$48M	$50M	$57M	$58M	$53M	$50M	$56M	$57M	$50M	$57M	$56M
SG&A Expense	$45M	$48M	$50M	$48M	$44M	$42M	$40M	$50M	$48M	$44M	$50M	$46M
Operating Expenses	$138M	$139M	$142M	$152M	$152M	$137M	$137M	$162M	$165M	$151M	$164M	$165M
Operating Income	$-26M	$8M	$504.0K	$2M	$8M	$22M	$13M	$583.0K	$-4M	$-10M	$-5M	$-19M
Interest Expense	·	$13M	$12M	$11M	$8M	$17M	$18M	$15M	$15M	·	·	·
Interest Income	$819.0K	$1M	$1M	·	·	·	·	·	·	·	·	·
Other Non-op	$5M	$559.0K	$-3M	$-1M	$-2M	$-28M	$-7M	$-15M	$-19M	$-19M	$-18M	$-19M
Pretax Income	$-47M	$1M	$-12M	$-7M	$-2M	$-5M	$6M	$-14M	$-23M	$-29M	$-23M	$-38M
Income Tax	$2M	$3M	$4M	$2M	$3M	$2M	$2M	$2M	$878.0K	$1M	$2M	$2M
Net Income	$-49M	$-2M	$-16M	$-9M	$-5M	$-6M	$4M	$-16M	$-24M	$-30M	$-26M	$-40M
EPS (Basic)	$-0.40	$-0.02	$-0.16	$-0.10	$-0.06	$-0.07	$0.04	$-0.19	$-0.28	·	·	·
EPS (Diluted)	·	$-0.02	$-0.16	$-0.10	$-0.06	$-0.07	$0.04	$-0.19	$-0.28	·	·	·
Shares (Basic)	122,635,000	102,768,000	98,272,000	94,884,000	92,095,000	92,031,000	89,874,000	87,465,000	84,893,000	·	·	·
Shares (Diluted)	·	102,768,000	98,272,000	94,884,000	92,095,000	92,031,000	90,623,000	87,465,000	84,893,000	·	·	·
EBITDA	$-18M	$14M	$6M	$7M	$14M	$29M	$20M	$11M	$6M	$8M	$13M	$324.0K

Balance Sheet 30

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Equivalents	$41M	$57M	$69M	$89M	$89M	$116M	$108M	$77M	$83M	$72M	$120M	$80M
Short-term Investments	·	·	·	·	·	·	·	·	·	$24M	$47M	$64M
Receivables	$67M	$83M	$92M	$75M	$94M	$85M	$91M	$112M	$66M	$73M	$57M	·
Inventory	$147M	$141M	$138M	$145M	$142M	$126M	$134M	$121M	$109M	$105M	$116M	$106M
Prepaid Expense	$32M	$34M	$23M	$28M	$24M	$22M	$21M	$24M	$16M	$19M	$16M	$16M
Other Current Assets	$1M	$2M	$4M	$2M	$4M	·	·	·	·	·	·	·
Current Assets	$288M	$317M	$323M	$338M	$351M	$353M	$357M	$344M	$284M	$309M	$362M	$354M
PP&E (Net)	$27M	$29M	$25M	$21M	$13M	$12M	$15M	$17M	$24M	$23M	$28M	$32M
PP&E (Gross)	$108M	$107M	$98M	$99M	$92M	$91M	$100M	$98M	$104M	$103M	$100M	$102M
Accum. Depreciation	$81M	$78M	$74M	$79M	$79M	$78M	$85M	$81M	$80M	$80M	$72M	$70M
Goodwill	$58M	$58M	$58M	$58M	$58M	$58M	$58M	$58M	$58M	$58M	$58M	$58M
Intangibles	$0	$15.0K	$59.0K	$210.0K	$250.0K	$435.0K	$663.0K	$679.0K	$821.0K	$964.0K	$8M	$16M
Other Non-current Assets	$31M	$24M	$18M	$20M	$19M	$17M	$16M	$17M	$12M	$15M	$11M	$5M
Total Assets	$444M	$470M	$469M	$479M	$473M	$480M	$491M	$438M	$379M	$406M	$469M	$467M
Accounts Payable	$41M	$34M	$50M	$34M	$31M	$19M	$23M	$30M	$20M	$17M	$15M	$13M
Short-term Debt	·	$13M	$8M	$6M	$9M	$4M	·	·	·	·	·	·
Current Liabilities	$191M	$193M	$195M	$199M	$209M	$192M	$182M	$192M	$169M	$284M	$210M	$170M
Capital Leases	$28M	$32M	$32M	$24M	$10M	$17M	$24M	·	·	·	·	·
Other Non-current Liabilities	$5M	$5M	$7M	$5M	$4M	$8M	$7M	$10M	$9M	$10M	$11M	$11M
Total Liabilities	$402M	$389M	$424M	$426M	$420M	$411M	$427M	$388M	$330M	$360M	$409M	$391M
Long-term Debt	$148M	$137M	$172M	$177M	$180M	$174M	$189M	$160M	$131M	$165M	$210M	$203M
Total Debt	$148M	·	$180M	$183M	$189M	$178M	$189M	$160M	$131M	$165M	$210M	·
Common Stock	$119.0K	$113.0K	$100.0K	$97.0K	$94.0K	$91.0K	$91.0K	$89.0K	$86.0K	$84.0K	$81.0K	$79.0K
Paid-in Capital	$614M	$602M	$567M	·	·	·	·	·	·	·	·	·
Retained Earnings	$-568M	$-519M	$-518M	$-502M	$-493M	$-488M	$-482M	$-486M	$-474M	$-450M	$-421M	$-395M
Treasury Stock	·	$14M	$14M	·	·	·	·	·	·	·	·	·
AOCI	$-4M	$-2M	$-4M	$422.0K	$2M	$2M	$-484.0K	$-10.0K	$1M	$-52.0K	$-960.0K	$-426.0K
Stockholders' Equity	$42M	$81M	$45M	$54M	$53M	$69M	$64M	$50M	$49M	$47M	$60M	$76M
Liabilities + Equity	$444M	$470M	$469M	$479M	$473M	$480M	$491M	$438M	$379M	$406M	$469M	$467M
Shares Outstanding	119,433,440	112,643,852	100,194,932	96,535,000	93,500,000	90,822,000	91,178,000	88,521,511	86,129,256	83,739,804	81,378,208	79,477,838

Cash Flow 18

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
D&A	$8M	$6M	$6M	$5M	$6M	$6M	$8M	$10M	$10M	$18M	$18M	$19M
Stock-based Comp	$6M	$10M	$9M	$10M	$11M	$9M	$8M	$11M	$12M	$14M	$13M	$14M
Deferred Tax	$634.0K	$156.0K	$1M	$456.0K	$2M	$-114.0K	$353.0K	$-86.0K	$30.0K	$-268.0K	$-404.0K	$664.0K
Amort. of Intangibles	·	·	$200.0K	$200.0K	$100.0K	$200.0K	$200.0K	$100.0K	$100.0K	$8M	$8M	$8M
Restructuring	$16M	$0	$3M	$3M	·	·	·	·	·	·	·	·
Other Non-cash	$27M	$-12M	$-13M	$10M	$-15M	$29M	$-21M	$-34M	$20M	·	$29M	$-11M
Operating Cash Flow	$-7M	$3M	$-12M	$16M	$-2M	$39M	$-1M	$-30M	$18M	$-380.0K	$31M	$-14M
CapEx	$6M	$4M	$4M	$13M	$5M	$2M	$4M	$4M	$6M	$5M	$8M	$10M
Investing Cash Flow	$-12M	$-9M	$-4M	$-13M	$-5M	$-2M	$-4M	$-4M	$18M	$18M	$8M	$4M
Net Debt Issued	·	·	·	$0	$0	$-116M	·	·	·	·	·	·
Stock Issued	$665.0K	$2M	$2M	$2M	$4M	$3M	·	·	·	·	$4M	$7M
Stock Repurchased	·	·	·	$0	$0	$14M	$0	·	·	·	·	·
Net Stock Activity	$665.0K	$2M	$2M	$2M	$0	$-14M	·	·	·	·	$4M	$7M
Financing Cash Flow	$7M	$-4M	$-4M	$-2M	$-15M	$-29M	$27M	$28M	$-27M	$-55M	$-757.0K	$6M
Net Change in Cash	$-13M	$-8M	$-21M	$1M	$-28M	$8M	$22M	$-5M	$8M	$-37M	$37M	$-13M
Taxes Paid	$2M	$4M	$2M	$2M	$1M	$2M	$3M	$2M	$1M	$4M	$1M	$3M
Free Cash Flow	$-13M	$-1M	$-16M	$3M	$-7M	$36M	$-5M	$-34M	$12M	$-5M	$25M	$-27M
Levered FCF	·	·	$-31M	$-12M	$-29M	$13M	$-17M	·	·	·	·	·

Profitability 8

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Gross Margin	27.7%	32.0%	32.0%	34.4%	37.2%	40.2%	39.1%	38.8%	·	36.9%	39.8%	38.3%
Operating Margin	-6.6%	1.7%	0.11%	0.53%	1.9%	5.6%	3.3%	0.14%	·	-2.6%	-1.2%	-5.1%
Net Margin	-12.2%	-0.35%	-3.5%	-2.1%	-1.2%	-1.6%	1.0%	-3.9%	·	·	-6.4%	-10.6%
Pretax Margin	-11.8%	0.25%	-2.6%	-1.5%	-0.47%	-1.1%	1.5%	-3.4%	·	-7.4%	-5.8%	-10.0%
EBITDA Margin	-4.6%	3.0%	1.4%	1.5%	3.2%	7.2%	5.2%	2.6%	·	2.1%	3.4%	0.09%
ROA	-10.8%	·	-3.3%	-1.9%	-1.1%	-1.3%	0.82%	-4.0%	-6.1%	·	-5.5%	-8.3%
ROE	-103.4%	·	-36.1%	-17.1%	-10.2%	-8.6%	6.2%	-33.7%	-51.2%	·	-37.7%	-46.1%
ROIC	-14.5%	·	0.29%	1.4%	9.0%	12.5%	3.3%	0.32%	-2.2%	-4.8%	-2.0%	-26.9%

Liquidity & Solvency 5

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Current Ratio	1.5	·	1.7	1.7	1.7	1.8	2.0	1.8	1.7	1.1	1.7	2.1
Quick Ratio	0.6	·	0.8	0.8	0.9	1.0	1.1	1.0	0.9	0.6	0.8	0.8
Debt / Equity	3.5	·	4.0	3.4	3.6	2.6	3.0	3.2	2.7	3.5	3.5	·
LT Debt / Equity	3.5	·	3.6	3.2	3.2	2.5	3.0	3.2	2.7	1.1	2.9	·
Interest Coverage	·	·	0.0	0.2	1.0	1.3	0.7	·	·	·	·	·

Efficiency 3

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Asset Turnover	0.9	·	0.9	0.9	0.9	0.8	0.8	1.0	·	0.9	0.9	0.8
Inventory Turnover	2.0	·	2.1	2.0	2.0	1.8	1.8	2.2	2.3	2.2	2.2	2.4
Receivables Turnover	5.3	·	5.4	5.3	4.8	4.5	3.8	4.7	·	5.9	·	·

Per Share 5

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Book Value / Share	$0.35	·	$0.45	$0.56	$0.57	$0.76	$0.70	$0.56	$0.56	$0.56	$0.73	$0.95
Revenue / Share	·	·	$4.54	$4.72	$4.67	$4.31	$4.23	·	·	·	·	·
Cash Flow / Share	·	·	$-0.12	$0.16	$-0.03	$0.42	$-0.02	·	·	·	·	·
Cash / Share	$0.34	·	$0.68	$0.93	$0.95	$1.28	$1.18	$0.87	$0.96	$0.86	$1.47	$1.00
EPS (TTM)	$-0.28	$-0.02	$-0.16	$-0.10	$-0.06	$-0.07	$0.04	$-0.19	$-0.28	·	$-0.32	·

Growth Rates 3

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue YoY	-12.3%	2.7%	-0.24%	4.1%	8.5%	3.5%	·	·	·	·	·	·
Revenue CAGR 3Y	-3.5%	2.2%	4.1%	5.3%	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	0.28%	3.7%	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 14

Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue TTM	$402M	$459M	$447M	$448M	$430M	$396M	$383M	$419M	$405M	$383M	$399M	$380M
Net Income TTM	$-49M	$-2M	$-16M	$-9M	$-5M	$-6M	$4M	$-16M	$-24M	$-30M	$-26M	$-40M
Market Cap	$31M	·	$182M	$374M	$183M	$411M	$185M	$343M	$353M	$398M	$422M	$536M
Enterprise Value	$138M	·	$294M	$467M	$284M	$472M	$267M	$426M	$401M	$466M	$466M	·
P/E	-0.9	-68.5	-11.4	-38.7	-32.7	-64.6	50.8	-20.4	-14.6	·	-16.2	·
P/S	0.1	·	0.4	0.8	0.4	1.0	0.5	0.8	0.9	1.0	1.1	1.4
P/B	0.7	·	4.0	7.0	3.4	6.0	2.9	6.9	7.3	8.5	7.1	7.1
P / Tangible Book	·	6.6	·	·	·	39.3	35.2	·	·	·	·	·
P / Cash Flow	-4.4	·	-15.3	24.0	-76.4	10.7	-126.0	-11.6	19.3	-1046.7	12.6	-32.0
P / FCF	-2.4	·	-11.8	127.7	-25.7	11.3	-36.8	-10.1	29.3	-73.5	16.6	-19.7
EV / EBITDA	-7.5	·	45.8	67.6	20.8	16.5	13.3	38.4	67.6	56.7	34.7	·
EV / FCF	-10.8	·	-18.9	159.7	-39.8	13.0	-53.1	-12.5	33.3	-86.2	18.3	·
EV / Revenue	0.3	·	0.7	1.0	0.7	1.2	0.7	1.0	1.0	1.2	1.2	·
Earnings Yield	-107.7%	-1.5%	-8.8%	-2.6%	-3.1%	-1.6%	2.0%	-4.9%	-6.8%	·	-6.2%	·

Income Statement 18

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2022	Q1 2023
Revenue	$101M	$105M	$102M	$94M	$128M	$113M	$116M	$102M	$134M	$101M	$107M	$104M	$118M	$118M	$115M	$96M
Cost of Revenue	$65M	$80M	$78M	$67M	$89M	$82M	$74M	$67M	$96M	$72M	$71M	$64M	$81M	$79M	$72M	$62M
Gross Profit	$36M	$25M	$24M	$27M	$39M	$32M	$42M	$34M	$38M	$29M	$36M	$39M	$38M	$39M	$43M	$35M
R&D Expense	$8M	$8M	$11M	$11M	$11M	$11M	$14M	$12M	$10M	$11M	$15M	$14M	$14M	$14M	$15M	$14M
SG&A Expense	$10M	$11M	$10M	$15M	$12M	$11M	$12M	$13M	$11M	$12M	$13M	$13M	$13M	$11M	$12M	$12M
Operating Expenses	$30M	$34M	$36M	$38M	$35M	$31M	$37M	$37M	$32M	$34M	$40M	$37M	$38M	$36M	$40M	$37M
Operating Income	$6M	$-9M	$-12M	$-11M	$4M	$1M	$5M	$-2M	$7M	$-5M	$-4M	$2M	$-457.0K	$2M	$3M	$-2M
Interest Expense	·	·	·	$8M	·	$3M	$3M	$3M	·	$3M	$3M	$3M	$3M	$3M	$3M	$2M
Interest Income	$120.0K	$181.0K	$246.0K	$272.0K	$289.0K	$322.0K	$278.0K	$303.0K	·	·	·	·	·	·	·	·
Other Non-op	$3M	$2M	$-106.0K	$-407.0K	$202.0K	$-1M	$-196.0K	$2M	$-873.0K	$524.0K	$-1M	$-759.0K	$8M	$-3M	$-3M	$-3M
Pretax Income	$-2M	$-11M	$-13M	$-21M	$2M	$-840.0K	$3M	$-3M	$4M	$-6M	$-9M	$-1M	$-2M	$1M	$-825.0K	$-5M
Income Tax	$434.0K	$468.0K	$573.0K	$471.0K	$948.0K	$457.0K	$695.0K	$625.0K	$471.0K	$444.0K	$878.0K	$2M	$580.0K	$522.0K	$1M	$341.0K
Net Income	$-2M	$-12M	$-14M	$-22M	$1M	$-1M	$3M	$-4M	$3M	$-6M	$-10M	$-3M	$-3M	$599.0K	$-2M	$-5M
EPS (Basic)	$-0.02	$-0.09	$-0.11	$-0.18	$0.00	$-0.01	$0.03	$-0.04	$0.03	$-0.06	$-0.10	$-0.03	$-0.03	$0.01	$-0.02	$-0.06
EPS (Diluted)	·	·	$-0.11	$-0.18	·	$-0.01	$0.02	$-0.04	·	$-0.06	$-0.10	$-0.03	$-0.03	$0.01	$-0.02	$-0.06
Shares (Basic)	·	124,304	120,973	118,946	·	102,825	101,405	100,225	·	99,197,000	97,776,000	96,555,000	·	95,522,000	94,567,000	93,529,000
Shares (Diluted)	·	·	120,973	118,946,000	·	102,825,000	103,746	100,225,000	·	99,197,000	97,776,000	96,555,000	·	97,455,000	94,567,000	93,529,000
EBITDA	·	$-9M	$-12M	$-10M	·	$1M	$5M	$-685.0K	·	$-5M	$-4M	$3M	·	$2M	$3M	$-1M

Balance Sheet 29

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2022	Q1 2023
Cash & Equivalents	$41M	$38M	$41M	$63M	$57M	$78M	$63M	$59M	$69M	$60M	$73M	$77M	$89M	$89M	$68M	$81M
Receivables	$67M	$65M	$61M	$54M	$83M	$78M	$87M	$92M	$92M	$73M	$77M	$77M	$75M	$77M	$89M	$77M
Inventory	$147M	$157M	$151M	$156M	$141M	$146M	$149M	$155M	$138M	$160M	$155M	$150M	$145M	$151M	$156M	$153M
Prepaid Expense	$32M	$33M	$37M	$29M	$34M	$29M	$25M	$21M	$23M	$19M	$25M	$29M	$28M	$25M	$24M	$24M
Other Current Assets	$1M	$2M	$2M	$7M	$2M	$5M	$5M	$4M	$4M	$2M	$3M	$3M	$2M	·	·	·
Current Assets	$288M	$293M	$292M	$304M	$317M	$333M	$326M	$330M	$323M	$314M	$331M	$334M	$338M	$343M	$337M	$335M
PP&E (Net)	$27M	$29M	$29M	$29M	$29M	$27M	$27M	$25M	$25M	$25M	$26M	$25M	$21M	$12M	$11M	$11M
PP&E (Gross)	$108M	$108M	$108M	$108M	$107M	$104M	$102M	$99M	$98M	$98M	$107M	$104M	$99M	$91M	$92M	$90M
Accum. Depreciation	$81M	$79M	$79M	$79M	$78M	$77M	$75M	$74M	$74M	$73M	$81M	$79M	$79M	$80M	$81M	$79M
Goodwill	$58M	$58M	$58M	$58M	$58M	$58M	$58M	$58M	$58M	$58M	$58M	$58M	$58M	$58M	$58M	$58M
Intangibles	$0	·	$1.0K	$4.0K	$15.0K	$26.0K	$37.0K	$48.0K	$59.0K	$70.0K	$116.0K	$163.0K	$210.0K	$257.0K	$268.0K	$214.0K
Other Non-current Assets	$31M	$26M	$26M	$24M	$24M	$21M	$22M	$20M	$18M	$22M	$22M	$21M	$20M	$25M	$24M	$22M
Total Assets	$444M	$448M	$448M	$457M	$470M	$484M	$478M	$473M	$469M	$463M	$476M	$477M	$479M	$476M	$469M	$466M
Accounts Payable	$41M	$53M	$44M	$42M	$34M	$46M	$54M	$50M	$50M	$44M	$39M	$35M	$34M	$29M	$34M	$33M
Short-term Debt	·	·	·	$13M	·	$8M	$8M	$8M	·	$7M	$7M	$6M	$6M	$6M	$6M	$6M
Current Liabilities	$191M	$206M	$199M	$195M	$193M	$203M	$201M	$202M	$195M	$198M	$209M	$201M	$199M	$192M	$185M	$193M
Capital Leases	$28M	$29M	$30M	$31M	$32M	$33M	$30M	$32M	$32M	$28M	$22M	$23M	$24M	$22M	$23M	$24M
Other Non-current Liabilities	$5M	$7M	$6M	$5M	$5M	$6M	$6M	$7M	$7M	$5M	$5M	$5M	$5M	$5M	$5M	$4M
Total Liabilities	$402M	$406M	$395M	$395M	$389M	$435M	$430M	$428M	$424M	$421M	$429M	$426M	$426M	$421M	$417M	$419M
Long-term Debt	$148M	$145M	$136M	$140M	$137M	$174M	$176M	$170M	$172M	$173M	$175M	$176M	$177M	$179M	$180M	$176M
Total Debt	·	$145M	$136M	$140M	·	$181M	$183M	$178M	·	$181M	$181M	$182M	·	$184M	·	$182M
Common Stock	$119.0K	$119.0K	$119.0K	$113.0K	$113.0K	$103.0K	$103.0K	$100.0K	$100.0K	$99.0K	$99.0K	$97.0K	$97.0K	$96.0K	$95.0K	$94.0K
Paid-in Capital	$614M	$611M	$609M	$605M	$602M	·	·	·	$567M	·	·	·	·	·	·	·
Retained Earnings	$-568M	$-567M	$-555M	$-541M	$-519M	$-520M	$-519M	$-522M	$-518M	$-521M	$-515M	$-505M	$-502M	$-500M	$-500M	$-498M
Treasury Stock	·	·	·	·	$14M	·	·	·	$14M	·	·	·	·	·	·	·
AOCI	$-4M	$-3M	$-1M	$-2M	$-2M	$-5M	$-5M	$-2M	$-4M	$-2M	$1M	$-2M	$422.0K	$2M	$2M	$-1M
Stockholders' Equity	$42M	$42M	$53M	$62M	$81M	$50M	$48M	$45M	$45M	$41M	$48M	$51M	$54M	$55M	$52M	$47M
Liabilities + Equity	$444M	$448M	$448M	$457M	$470M	$484M	$478M	$473M	$469M	$463M	$476M	$477M	$479M	$476M	$469M	$466M
Shares Outstanding	119,433,440	118,926,732	118,786,404	113,281,068	112,643,852	102,850,591	102,808,518	100,435,251	100,194,932	99,244,173	99,163,920	96,726,843	96,534,609	95,557,942	95,494,729	93,778,769

Cash Flow 13

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2022	Q1 2023
D&A	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$1M	$2M	$2M	$2M	$1M	$1M	$1M	$1M	$1M
Stock-based Comp	$2M	$1M	$882.0K	$3M	$3M	$3M	$2M	$2M	$2M	$3M	$2M	$2M	$2M	$2M	$3M	$3M
Deferred Tax	·	·	·	$-6.0K	$50.0K	$15.0K	$166.0K	$-75.0K	$463.0K	$45.0K	$254.0K	$640.0K	·	·	·	·
Restructuring	$747.0K	$7M	$6M	·	$0	$0	$0	·	·	$0	$3M	·	$0	$800.0K	$2M	·
Other Non-cash	·	·	·	·	·	·	·	$-7M	·	·	·	$-9M	·	·	·	$1M
Operating Cash Flow	$2M	$-6M	$-16M	$12M	$-10M	$18M	$2M	$-7M	$10M	$-8M	$-5M	$-9M	$9M	$25M	$-18M	$46.0K
CapEx	$461.0K	$471.0K	$3M	$2M	$1M	$958.0K	$874.0K	$1M	$465.0K	$795.0K	$1M	$1M	$8M	$2M	$2M	$1M
Investing Cash Flow	$-1M	$-2M	$-6M	$-4M	$-3M	$-2M	$-2M	$-1M	$-465.0K	$-795.0K	$-1M	$-1M	$-8M	$-2M	$-2M	$-1M
Stock Issued	$149.0K	$0	·	·	$771.0K	$0	·	·	$887.0K	$0	·	·	$1M	$0	·	·
Financing Cash Flow	$4M	$4M	$-282.0K	$-475.0K	$-6M	$-2M	$6M	$-2M	$-694.0K	$-2M	$-257.0K	$-2M	$-522.0K	$-2M	$4M	$-4M
Net Change in Cash	$4M	$-3M	$-22M	$8M	$-18M	$15M	$4M	$-9M	$8M	$-12M	$-4M	$-13M	$352.0K	$22M	$-13M	$-8M
Free Cash Flow	·	·	·	$10M	·	·	·	$-8M	·	·	·	$-10M	·	·	·	$-1M
Levered FCF	·	·	·	·	·	·	·	$-12M	·	·	·	$-18M	·	·	·	$-4M

Profitability 8

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2022	Q1 2023
Gross Margin	·	24.1%	23.5%	28.3%	·	27.9%	36.1%	33.9%	·	28.7%	33.5%	38.0%	·	32.8%	37.4%	35.9%
Operating Margin	·	-8.7%	-11.3%	-12.0%	·	0.92%	4.0%	-2.1%	·	-4.5%	-3.7%	2.1%	·	2.0%	2.4%	-2.3%
Net Margin	·	-11.3%	-13.5%	·	·	-1.1%	2.2%	-3.9%	·	-6.3%	-9.0%	-2.9%	·	0.51%	-1.6%	-5.7%
Pretax Margin	·	-10.8%	-12.9%	-22.6%	·	-0.74%	2.8%	-3.3%	·	-5.8%	-8.2%	-1.0%	·	0.95%	-0.72%	-5.3%
EBITDA Margin	·	-8.7%	-11.3%	-10.3%	·	0.92%	4.0%	-0.67%	·	-4.5%	-3.7%	3.3%	·	2.0%	2.4%	-1.0%
ROA	·	-2.5%	-3.0%	·	·	-0.27%	0.53%	-0.83%	·	-1.4%	-2.0%	-0.63%	·	0.13%	·	-1.2%
ROE	·	-25.9%	-27.2%	·	·	-2.9%	5.3%	-8.2%	·	-13.2%	-19.4%	-6.1%	·	1.1%	·	-11.8%
ROIC	·	-5.1%	-6.4%	-5.7%	·	0.70%	1.6%	-1.1%	·	-2.2%	-1.9%	2.7%	·	0.52%	·	-1.0%

Liquidity & Solvency 5

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2022	Q1 2023
Current Ratio	·	1.4	1.5	1.6	·	1.6	1.6	1.6	·	1.6	1.6	1.7	·	1.8	·	1.7
Quick Ratio	·	0.5	0.5	0.6	·	0.8	0.7	0.7	·	0.7	0.7	0.8	·	0.9	·	0.8
Debt / Equity	·	3.5	2.5	2.3	·	3.7	3.8	3.9	·	4.4	3.8	3.6	·	3.4	·	3.9
LT Debt / Equity	·	3.2	2.3	2.1	·	3.4	3.5	3.6	·	4.0	3.5	3.3	·	3.2	·	3.6
Interest Coverage	·	·	·	·	·	0.4	1.6	-0.7	·	-1.6	-1.4	0.8	·	0.9	1.0	-1.0

Efficiency 3

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2022	Q1 2023
Asset Turnover	·	0.2	0.2	0.2	·	0.2	0.2	0.2	·	0.2	0.2	0.2	·	0.2	·	0.2
Inventory Turnover	·	0.5	0.5	0.4	·	0.5	0.5	0.4	·	0.5	0.5	0.4	·	0.6	·	0.4
Receivables Turnover	·	1.5	1.4	1.3	·	1.5	1.4	1.2	·	1.3	1.3	1.3	·	1.4	·	1.1

Per Share 5

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2022	Q1 2023
Book Value / Share	·	$0.35	$0.45	$0.55	·	$0.48	$0.47	$0.45	·	$0.41	$0.48	$0.53	·	$0.57	·	$0.50
Revenue / Share	·	·	$845.16	·	·	$1.10	$1.12	$1.01	·	$1.02	$1.10	$1.08	·	$1.21	$1.21	$1.03
Cash Flow / Share	·	·	·	·	·	·	·	$-0.07	·	·	·	$-0.09	·	·	·	$0.00
Cash / Share	·	$0.32	$0.35	$0.56	·	$0.76	$0.61	$0.59	·	$0.61	$0.73	$0.80	·	$0.93	·	$0.86
EPS (TTM)	·	·	·	·	·	·	·	·	·	$-0.22	$-0.15	$-0.07	·	·	$-0.11	$-0.11

Valuation (TTM) 11

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2022	Q1 2023
Revenue TTM	·	$429M	$437M	$451M	·	$465M	$453M	$444M	·	$431M	$447M	$455M	·	·	$422M	$419M
Net Income TTM	·	$-46M	$-36M	$-19M	·	$673.0K	$-4M	$-17M	·	$-21M	$-15M	$-7M	·	·	·	·
Market Cap	·	$46M	$97M	$189M	·	$184M	$204M	$181M	·	$245M	$281M	$263M	·	$284M	·	$195M
Enterprise Value	·	$153M	$192M	$266M	·	$288M	$324M	$300M	·	$365M	$389M	$368M	·	$379M	·	$296M
P/E	·	·	·	·	·	·	·	·	·	-11.2	-18.9	-38.9	·	·	-19.0	-18.9
P/S	·	0.1	0.2	0.4	·	0.4	0.4	0.4	·	0.6	0.6	0.6	·	·	·	·
P/B	·	1.1	1.8	3.1	·	3.7	4.3	4.0	·	6.0	5.9	5.2	·	5.2	·	4.2
P / Tangible Book	·	·	·	46.8	·	·	·	·	·	·	·	·	·	·	·	·
P / Cash Flow	·	·	·	15.5	·	·	·	-24.8	·	·	·	-30.6	·	·	·	4240.4
EV / Revenue	·	0.4	0.4	0.6	·	0.6	0.7	0.7	·	0.8	0.9	0.8	·	·	·	·
Earnings Yield	·	·	·	·	·	·	·	·	·	-8.9%	-5.3%	-2.6%	·	·	-5.3%	-5.3%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16

Metric	2026-06-30	2025-06-30	2024-06-30	2023-06-30	2022-06-30
Revenue	$402M	$459M	$447M	$448M	$430M
Gross Margin %	27.7%	32.0%	32.0%	34.4%	37.2%
Operating Margin %	-6.6%	1.7%	0.11%	0.53%	1.9%
Net Income	$-49M	$-2M	$-16M	$-9M	$-5M
Diluted EPS	·	$-0.02	$-0.16	$-0.10	$-0.06

Metric	2026-06-30	2025-06-30	2024-06-30	2023-06-30	2022-06-30
Debt / Equity	3.5	·	4.0	3.4	3.6
Current Ratio	1.5	·	1.7	1.7	1.7
Quick Ratio	0.6	·	0.8	0.8	0.9

Metric	2026-06-30	2025-06-30	2024-06-30	2023-06-30	2022-06-30
Free Cash Flow	$-13M	$-1M	$-16M	$3M	$-7M

Institutional owners (13F) 125 filers · $25.9M total · As of June 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 125

Value held $25.9M

New positions 29

Exited positions 39

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
29 (-1 vs prior Q)	39 (+16 vs prior Q)	35 (-4 vs prior Q)	28 (-3 vs prior Q)	-3.9M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
VANGUARD GROUP INC	$4,800,325	5,818,576	18.53%	Shares
TCW GROUP INC	$4,077,470	18,942,059	15.74%	Shares
Foundry Partners, LLC	$3,214,205	1,795,645	12.41%	Shares
NEUBERGER BERMAN GROUP LLC	$1,568,289	6,073,663	6.05%	Shares
ARMISTICE CAPITAL, LLC	$1,478,741	5,736,000	5.71%	Shares
WEBER CAPITAL MANAGEMENT LLC /ADV	$1,271,652	4,932,706	4.91%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$1,144,952	4,437,800	4.42%	Shares
BlackRock, Inc.	$842,023	3,266,185	3.25%	Shares
AQR CAPITAL MANAGEMENT LLC	$700,967	2,719,032	2.71%	Shares
JANE STREET GROUP, LLC	$551,620	2,139,720	2.13%	Shares
RENAISSANCE TECHNOLOGIES LLC	$532,430	2,065,284	2.06%	Shares
DAFNA Capital Management LLC	$433,235	1,680,508	1.67%	Shares
UBS Group AG	$418,983	1,623,965	1.62%	Shares
MILLENNIUM MANAGEMENT LLC	$409,682	1,589,145	1.58%	Shares
SILVERBACK ASSET MANAGEMENT LLC	$373,810	1,450,000	1.44%	Shares
Squarepoint Ops LLC	$373,355	1,448,234	1.44%	Shares
FMR LLC	$354,667	1,375,746	1.37%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$306,731	1,189,377	1.18%	Shares
Kovack Advisors, Inc.	$272,708	1,050,896	1.05%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$212,841	825,604	0.82%	Shares
GOLDMAN SACHS GROUP INC	$207,002	802,957	0.80%	Shares
VANGUARD FIDUCIARY TRUST CO	$176,798	685,262	0.68%	Shares
Silverberg Bernstein Capital Management LLC	$169,868	658,915	0.66%	Shares
D. E. Shaw & Co., Inc.	$167,403	649,353	0.65%	Shares
TENOR CAPITAL MANAGEMENT Co., L.P.	$128,900	500,000	0.50%	Shares
STATE STREET CORP	$125,256	485,866	0.48%	Shares
TWO SIGMA ADVISERS, LP	$114,960	139,413	0.44%	Shares
TUDOR INVESTMENT CORP ET AL	$101,118	392,236	0.39%	Shares
JPMORGAN CHASE & CO	$97,828	376,695	0.38%	Shares
Qube Research & Technologies Ltd	$89,589	347,512	0.35%	Shares
Cubist Systematic Strategies, LLC	$89,464	53,571	0.35%	Shares
IEQ CAPITAL, LLC	$85,916	333,267	0.33%	Shares
North Star Investment Management Corp.	$68,219	264,620	0.26%	Shares
NORTHERN TRUST CORP	$67,946	263,559	0.26%	Shares
MORGAN STANLEY	$66,263	257,033	0.26%	Shares
Williams & Novak, LLC	$61,416	238,230	0.24%	Shares
Teton Advisors, Inc.	$59,595	43,500	0.23%	Shares
Assenagon Asset Management S.A.	$52,595	204,014	0.20%	Shares
BARCLAYS PLC	$44,505	172,639	0.17%	Shares
XTX Topco Ltd	$41,480	160,899	0.16%	Shares
Mariner, LLC	$32,855	127,442	0.13%	Shares
Invesco Ltd.	$30,602	118,703	0.12%	Shares
HSBC HOLDINGS PLC	$28,986	111,442	0.11%	Shares
WELLS FARGO & COMPANY/MN	$28,745	111,500	0.11%	Shares
BANK OF AMERICA CORP /DE/	$28,427	110,614	0.11%	Shares
Cerity Partners LLC	$27,000	104,735	0.10%	Shares
WOLVERINE TRADING, LLC	$26,095	16,009	0.10%	Shares
Schonfeld Strategic Advisors LLC	$22,603	87,678	0.09%	Shares
Lane & Associates LLC	$19,699	11,005	0.08%	Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	$19,148	94,961	0.07%	Shares

Show all 125 institutional owners →

Activists & 5%+ owners 1 position

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer	Filed	Stake	Status	Purpose	Filing
The TCW Group, Inc., on behalf of the TCW Business Unit ×4 filings	Sept. 2, 2026	18.70%	Amendment	·	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 56 insiders · 32 officers · 24 directors

19

Insider	Role	Last activity	Shares owned	Buys 12m	Net 12m
Stephen R. La Neve	CEO	Nov. 28, 2025 A	20,000	1	$19,400
Suzanne C Winter	President and CEO	June 30, 2025 F	1,200,047	0	$0
Joshua Levine	CEO	Sept. 29, 2021 A	1,589,482	0	$0
Euan Thomson	President & CEO	Oct. 11, 2012 M	282,719	0	$0
Ali Pervaiz	SVP Chief Financial Officer	Sept. 23, 2026 F	366,259	0	$0
Brandon W Green	VP, Interim CFO	Sept. 1, 2022 S	174,462	0	$0
Shigeyuki Hamamatsu	SVP & CFO	Nov. 30, 2020 A	228,009	0	$0
Kevin Waters	SVP, Chief Financial Officer	July 3, 2018 S	313,619	0	$0
Derek A Bertocci	SVP CFO	May 31, 2013 J	87,028	0	$0
Robert Mcnamara	SVP CFO	Aug. 29, 2008 A	9,097	0	$0
Andrew J Kirkpatrick	SVP & COO	Dec. 4, 2019 S	323,440	0	$0
Kelly Londy	EVP Chief Operating Officer	Oct. 4, 2017 M	396,601	0	$0
Chris Raanes	EVP COO	Oct. 31, 2012 A	276,837	0	$0
Paul Michael Miele	SVP, Chief Commercial Officer	May 29, 2026 A	·	0	$0
Sandeep Chalke	SVP, Chief Commercial Officer	March 31, 2026 F	419,806	0	$0
Leonel Peralta	SVP, Chief Operations Officer	Feb. 28, 2026 M	54,754	0	$0
Michael John Murphy	VP, Corporate Controller	Oct. 31, 2025 M	25,499	0	$0
Michael Hoge	Senior VP Global Operations	Dec. 2, 2024 F	357,431	0	$0
Jesse Chew	Chief Legal Officer	Nov. 29, 2024 A	326,824	0	$0
Gina Corradetti	VP, CAO and Controller	Jan. 3, 2024 S	196,138	0	$0
Patrick Spine	SVP, Chief Admin Officer	Dec. 1, 2023 S	219,484	0	$0
Franco N Palomba	VP, Chief Accounting Officer	June 30, 2022 A	173,469	0	$0
Lionel Hadjadjeba	SVP & Chief Customer Experienc	May 31, 2019 A	252,172	0	$0
Alaleh Nouri	SVP, General Counsel &	July 3, 2018 S	195,697	0	$0
Gregory Lichtwardt	EVP, Operations	July 8, 2015 F	220,585	0	$0
Darren J. Milliken	SVP General Counsel	Oct. 31, 2013 A	67,736	0	$0
Robert P Ragusa	EVP Engineering & Global	Oct. 31, 2013 F	144,393	0	$0
Theresa L Dadone	SVP Human Resources	Oct. 1, 2013 S	51,185	0	$0
Eric Pauwels	SVP Chief Marketing Officer	Feb. 28, 2011 A	30,000	0	$0
Eric Lindquist	SVP Chief Mktg Officer	Aug. 31, 2010 A	20,548	0	$0
Wade Hampton	SVP Chief Sales Officer	Aug. 31, 2009 A	15,388	0	$0
Christopher D Mitchell	SVP Gen Counsel	Aug. 29, 2008 A	16,421	0	$0
Steven F Mayer	Director	Feb. 20, 2026 P	1,545,620	3	$134,146
Byron C Scott	Director	Dec. 31, 2025 M	158,953	0	$0
Mika Nishimura	Director	Nov. 28, 2025 A	212,659	0	$0
Anne Bryce Le Grand	Director	Nov. 28, 2025 A	259,499	0	$0
James M. Hindman	Director	Nov. 28, 2025 A	294,804	0	$0
Chan Galbato	Director	Nov. 28, 2025 A	50,000	0	$0
Beverly A Huss	Director	Nov. 28, 2025 A	221,323	0	$0
Joseph E Whitters	Director	Nov. 28, 2025 A	667,656	0	$0
Robert Kill	Director	Nov. 13, 2025 M	162,809	0	$0
Elizabeth H Davila	Director	May 1, 2023 F	249,024	0	$0
Richard Pettingill	Director	Nov. 21, 2022 F	180,394	0	$0
Louis J Lavigne JR	Director	Nov. 30, 2020 A	282,329	0	$0
Jack Goldstein	Director	Nov. 23, 2020 F	163,801	0	$0
Robert S Weiss	Director	Nov. 18, 2019 F	252,481	0	$0
Dennis L Winger	Director	Nov. 30, 2017 A	162,181	0	$0
Emad T. Rizk	Director	Nov. 30, 2015 A	66,739	0	$0
Peter Fine	Director	Nov. 30, 2011 A	50,992	0	$0
Wayne Wu	Director	Nov. 30, 2011 A	609,067	0	$0
Li Yu	Director	April 28, 2010 M	117,000	0	$0
John P Wareham	Director	Feb. 25, 2010 M	16,815	0	$0
John Adler	Director	Jan. 5, 2009 A	885,486	0	$0
Ted T.C. Tu	Director	Feb. 13, 2007 M	9,668,920	0	$0
TCW GROUP INC	10% owner	July 29, 2026 J	·	0	$0
President International Investment Holdings Ltd.	10% owner	Jan. 12, 2010 S	5,718,921	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 3 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
PRFZ · Invesco Exchange-Traded Fund Trust	0.00%	118,257 SH	Oct. 1, 2026	Daily
VXF · VANGUARD INDEX FUNDS	0.00%	1,190,081 SH	Aug. 19, 2026	Daily
VTI · VANGUARD INDEX FUNDS	0.00%	3,122,473 SH	Aug. 19, 2026	Daily

ARAY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21

rating · 6 analysts SELL

Median target $0.35 +24.6%

0 0.0% Strong Buy

0 0.0% Buy

3 50.0% Hold

1 16.7% Sell

2 33.3% Strong Sell

12-Month Price Target

1 analysts · 2026-09-25

Mean target $0.35 +24.6%

Low$0.35 Mean$0.35 High$0.35

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
ARAY	$31M	-0.9	-12.3%	-12.2%	-103.4%	27.7%
CVRX	$187M	-3.5	10.4%	-94.1%	-109.6%	85.3%
SNWV	$256M	72.8	35.0%	26.8%	-395.5%	77.1%
QTI	$73M	-3.0	287.9%	-111.4%	-688.9%	45.4%
BEAT	·	·	·	·	·	·
ABT	$250.18B	33.7	5.7%	14.7%	13.1%	·

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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ARAY Accuray Incorporated - Common Stock