Neurorehabilitation firm Lifeward's Q3 revenue falls 12% as ReWalk sales decline

By Reuters News


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"


Reuters Recommended Reads

  • Nov 10 - Israel's ICL Group Q3 sales, net income rise on diversified portfolio

  • Nov 11 - Israel's InMode Q3 revenue slightly beats estimates on Asia growth

  • Nov 10 - Surgical robotics firm Stereotaxis' Q3 revenue rises, but misses estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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