Neurorehabilitation firm Lifeward's Q3 revenue falls 12% as ReWalk sales decline
Overview
Israel-US neurorehabilitation firm's Q3 revenue fell 12% yr/yr as ReWalk sales declined
AlterG product revenue rose 18%, driven by higher US shipments and service revenue
Outlook
Company expects channel-partner model to expand ReWalk access and support long-term revenue growth
Lifeward says broad reimbursement access positions partners to reach more eligible ReWalk patients
Company is developing AI-enabled rehabilitation technologies and exploring new AI capabilities
Result Drivers
ALTERG GROWTH - AlterG revenue rose 18% on higher U.S. unit shipments, increased service revenue, and improved average selling prices
REWALK SALES DECLINE - ReWalk revenue fell due to transition to channel-partner distribution model, which affected timing of sales
HIGHER COSTS AND ACQUISITION EXPENSES - Gross margin declined due to adverse foreign exchange, higher freight costs, tariffs, and revenue sharing expense from Oratech acquisition
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $5.43 mln | ||
Q3 Adjusted Loss Per Share | $1.44 | ||
Q3 Adjusted Net Loss | $5.5 mln | ||
Q3 Net Loss | $5.05 mln | ||
Q3 Gross Margin | 27.40% | ||
Q3 Loss Per Basic Share | $1.32 | ||
Q3 Operating Expenses | $7.46 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)