ReWalk Robotics Q4 Earnings Miss Estimates, Issues FY24 Guidance
Portfolio Pulse from Nabaparna Bhattacharya
ReWalk Robotics Ltd. (NASDAQ:LFWD), also known as Lifeward, reported Q4 earnings with an EPS of $(0.05), missing the consensus of $(0.10). Revenue was $6.9 million, below the $7.22 million estimate. The adjusted gross margin decreased to 47% from 52.8% a year ago, with total operating expenses rising to $8.6 million from $5.7 million. For FY24, Lifeward expects revenue between $28 million and $32 million, with a non-GAAP gross margin in the high 40%s. LFWD shares dropped 3.89% to $0.8911.
February 27, 2024 | 5:53 pm
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ReWalk Robotics (LFWD) reported lower than expected Q4 earnings and revenue, with a decrease in gross margin and an increase in operating expenses. FY24 revenue guidance is below estimates, leading to a 3.89% drop in share price.
LFWD's Q4 earnings miss and lower FY24 revenue guidance compared to estimates likely contributed to the negative investor sentiment, resulting in a 3.89% drop in share price. The decrease in gross margin and increase in operating expenses further underscore operational challenges, impacting short-term stock performance negatively.
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IMPORTANCE 90
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