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ReWalk Robotics Shares Jump on Higher Q2 Revenue
2024-08-16 01:26
01:26 PM EDT, 08/15/2024 (MT Newswires) -- ReWalk Robotics (LFWD) shares climbed more than 16% in recent trading Thursday after the company reported that its Q2 revenue increased.
The company, doing business as Lifeward, reported an adjusted Q2 net loss Thursday of $0.42 per diluted share, compared with a loss of $0.40 a year earlier.
Analyst estimates were not available.
Revenue for the quarter ended June 30 was $6.7 million, up from $1.3 million a year earlier.
Two analysts surveyed by Capital IQ expected nearly $6.7 million.
The company said it continues to expect full-year 2024 revenue of $28 million to $32 million. Two analysts surveyed by Capital IQ expect $30.7 million.
The company said it had $15.1 million in cash and cash equivalents as of June 30.
Price: 3.60, Change: +0.50, Percent Change: +16.13
