YOKNEAM ILIT, Israel and MARLBOROUGH, Mass., October 18, 2019 – Shares of ReWalk Robotics Ltd. (NASDAQ: RWLK) showed no change to $2.92. The company traded total volume of 59,665 shares as contrast to its average volume of 136.40K shares. The company has a market value of $21.55M and about 7.38M shares outstanding.
ReWalk Robotics Ltd. (RWLK) reported total revenue of $1.60M for the first quarter of 2019, compared to $1.60M during the prior year quarter. 14 ReWalk systems were placed during the first quarter of 2019, compared to 23 systems in the prior year period. Ten units were placed in Europe, three in the U.S and one was placed in other markets. Total operating expenses in the first quarter of 2019 were $4.50M, compared to $6.50M in the prior year period. Net loss was $4.00M for the first quarter of 2019, compared to a net loss of $6.30M in the first quarter of 2019.
Non-GAAP net loss for the first quarter of 2019 was $3.60M, compared with a non-GAAP net loss of $5.40M in the first quarter of 2018.
Liquidity
As of March 31, 2019, ReWalk had $8.90M in cash on its balance sheet and $8.30M in short- and long-term debt. Our March 31, 2019 cash balance on a pro-forma basis including the registered direct offering closed on April 5, 2019 was $12.60M.
The Company offered gross profit margin of 48.40%. ROE was recorded as -452.10% while beta factor was 1.57. The stock, as of recent close, has shown the weekly upbeat performance of 2.46% which was maintained at -32.91% in this year.
