November 11, 2020
ReWalk reports $3.3M loss
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ReWalk's prototype for a system to help stroke patients walk.
Walking assistance device manufacturer ReWalk Robotics, based in Marlborough, reported a $3.3 million net loss in the company’s third quarter, an improvement incrementally from a $3.4-million loss reported during the same quarter last year.
Revenue for the quarter totaled $0.7 million, a 41.6% decrease from the same period last year, when the company reported $1.2 million in total revenue.
“The revenue for the quarter was impacted by the limited market access to train and process insurance submissions due to the current environment,” said CEO Larry Jasinski, in a statement. “We anticipate that our results will remain choppy until COVID-19 restrictions lessen.”
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