ReWalk Robotics Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

ReWalk Robotics (NASDAQ:RWLK) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$4.40m (up 397% from 3Q 2022).
• Net loss: US$7.53m (loss widened by 38% from 3Q 2022).
• US$0.13 loss per share (further deteriorated from US$0.087 loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ReWalk Robotics Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are up 8.2% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for ReWalk Robotics that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.