RWLK - ReWalk Robotics shares rise on Q3 topline beat

ReWalk Robotics shares rise (RWLK +5.4%) after the company posted third-quarter revenue that beat Wall Street estimates. Quarterly revenue increased 162% to $1.97M, beating analysts' average estimate by $0.37M. The increase is mainly due to the higher number of ReWalk Personal 6.0 units sold in Germany as well as a multiple unit order to a U.S physical therapy university. Gross margin was 58% during the third quarter of 2021, compared to 52% in the third quarter of 2020. Net loss was $2.7 million for the third quarter of 2021, compared to a net loss of $3.3 million in the third quarter of the prior year. As of September 30, 2021, ReWalk had $91.2 million in cash on its balance sheet.

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ReWalk Robotics shares rise on Q3 topline beat