ReWalk Robotics, Yokneam Ilit, Israel, and Marlborough, Massachusetts, announced its financial results for the first quarter (1Q) 2017 that ended March 31. Financial highlights are as follows:
· Total revenue was $2.5 million compared to $2.1 million in 1Q 2016.
· Gross margin improved to 42 percent compared to 24 percent during 1Q 2016.
· Net loss was $6.4 million compared to a net loss of $6.9 million in 1Q 2016. Non-generally accepted accounting principles (GAAP) net loss was $5.3 million compared with a non-GAAP net loss of $5.9 million in 1Q 2016.
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