ReWalk Robotics (Nasdaq:RWLK) announced that it appointed Joseph Turk, Jr. to its board of directors. The appointment was made effective on April 20. Turk joins the Marlborough, Massachusetts-based robotic medical technology developer having begun his career at McKinsey and Company before joining Boston Scientific as its director of new business development. He also held leadership […]
ReWalk Robotics
ReWalk Robotics misses Wall Street estimates in Q4 results
ReWalk Robotics (NSDQ:RWLK) this week posted fourth-quarter results that missed the consensus on Wall Street. The Marlborough, Massachusetts-based robotic exoskeleton device maker reported losses of -$3.9 million, or -6¢ per share, on sales of $1.2 million for the three months ended Dec. 31, 2020, for a sales growth of 1.97% compared with Q4 2020. Earnings […]
ReWalk Robotics slides before hours on missed earnings in Q1
ReWalk Robotics (NSDQ:RWLK) posted first-quarter results today that beat the revenue consensus on Wall Street but missed on earnings estimates. The Marlborough, Mass.-based company reported losses of -$3.06 million, or -8¢ per share, on sales of $1.3 million for the three months ended March 31, for a sales growth of 73.16% compared with Q1 2020, […]
ReWalk Robotics closes $40M private placement
ReWalk Robotics (NSDQ:RWLK) announced today that it closed a private placement worth approximately $40 million. Marlborough, Mass.-based Rewalk Robotics’ private placement included more than 10.9 million ordinary shares and warrants to purchase up to nearly 5.5 million ordinary shares at a purchase price of $3.6625 per share and associated warrant, according to a news release. […]
ReWalk Robotics misses on revenues in Q4
ReWalk Robotics (NSDQ:RWLK) shares dipped pre-market today on fourth-quarter results that couldn’t top the consensus forecast. The Marlborough, Mass.-based robotic exoskeleton device maker posted losses of -$2.9 million, or -14¢ per share, on sales of $1.2 million for the three months ended Dec. 31, 2020, for a 17.6% bottom-line gain on sales growth of 3.1%. Adjusted […]
ReWalk Robotics seeks to raise $6.2M
ReWalk Robotics (NSDQ:RWLK) announced that it is seeking to sell nearly 5.6 million ordinary shares, plus more, worth about $6.2 million. Marlborough, Mass.-based ReWalk is also offering more than 4.5 million ordinary shares which are issuable upon the exercise of outstanding warrants, according to a news release. ReWalk is also registering ordinary shares issuable upon the […]
ReWalk gains Medicare coverage
ReWalk Robotics (NSDQ:RWLK) announced today that it received authorization from CMS as a medicare provider. Marlborough, Mass.-based ReWalk is now able to bill Medicare directly for the procurement of its ReWalk personal exoskeleton for Medicare beneficiaries, thanks to the authorization from the Centers for Medicare & Medicaid Services (CMS), according to a news release. In July, […]
Court denies shareholder lawsuit against ReWalk Robotics
A district court dismissed ReWalk Robotics (NSDQ:RWLK) shareholders’ claims of violations of the Securities Act and Securities Exchange Act. The Massachusetts District Court dismissed the Securities Act claims made by investors, led by Wang Yan, due to a failure to state a claim, while also finding that Yan did not have standing to bring the Exchange Act […]
ReWalk Robotics raises $9m
ReWalk Robotics (NSDQ:RWLK) announced last week that it entered into definitive agreements to issue its ordinary shares for proceeds totaling about $9 million. The Yokneam Illit, Israel–based robotic walking assistance company issued more than 4.9 million ordinary shares at a purchase price of $1.8225 per share, while also issuing unregistered warrants to purchase up to nearly […]
MedTech 100 roundup: Stocks peak to end May
Medtech stocks closed May at their highest point since before the COVID-19 pandemic rocked the markets. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 87.17 points at the end of last week (May 29). That total represents a 2.3% gain from the 85.22-point total at the […]
ReWalk Robotics posts COVID-19-affected Q1 losses
ReWalk Robotics (NSDQ:RWLK) shares ticked up slightly today despite first-quarter results that came up short of the consensus forecast. The Yokneam Illit, Israel–based robotic walking assistance company posted losses of $3.8 million, or -37¢ per share, on sales of $760,000 for the three months ended March 31, 2020, for a 4% bottom-line gain on a sales […]
