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.
·       Subscribe to read the entire article.Support authors and subscribe to content.
Subscribe
Gain access to all Premium articles.
Your support helps keep The O&P EDGE online.
