ReWalk Robotics Reports Third Quarter 2019 Financial Results
ReWalk Robotics Ltd. - Ordinary Shares (RWLK)
Last rewalk robotics ltd. - ordinary shares earnings: 2/20 07:45 am
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US:NASDAQ Investor Relations:
ir.rewalk.com/investor-overview
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Source: GlobeNewswire
— 2019 Third Quarter Total Revenues of $1.2 million — — German Tender for Exoskeletons with Major Payors Initiated — YOKNEAM ILIT, Israel and MARLBOROUGH, Mass. and BERLIN, Germany, Nov. 13, 2019 (GLOBE NEWSWIRE) -- ReWalk Robotics Ltd. (Nasdaq: RWLK) (“ReWalk” or the “Company”) today announced its financial results for the three and nine months ended September 30, 2019. Highlights of and subsequent to the third quarter of 2019 include: Total revenue for the third quarter of 2019 was $1.2 million, compared to $1.6 million in the prior year quarter;German Tender for Spinal Cord Injury Exoskeletons was initiated with leading payors;17 units were placed during the third quarter of 2019, including 12 ReWalk Personal units and 5 ReStore units; and Gross margin improved to 53% in the third quarter of 2019, compared to 47% in the prior year quarter. “Our progress with key German ReWalk contracts and with very positive customer feedback after the first few weeks of ReStore’s clinical
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