ReWalk revenue dips in second quarter, as net loss increases
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ReWalk's prototype for a system to help stroke patients walk.
ReWalk Robotics in Marlborough reported a 13.9% decrease year over year in revenue during the company’s second quarter, according to an earnings report released Monday.
Revenue for the company was reported at $1.4 million, compared to $1.7 million during the same quarter a year prior.
Net loss for the company came in at $3.1 million, a slight increase from $2.9 million reported during the same period last year.
In its report, ReWalk attributed the decrease in revenue to a decrease in ReWalk Personal 6.0 exoskeleton units sold in Germany, offset with higher revenues from its Myolyn bikes and ReStore exoskeleton transactions.
“The second quarter results reflect the ongoing reopening of the markets. We are now able to trial many new individuals who had been waiting and filled our pipeline during the pandemic,” said Larry Jasinski, ReWalk’s CEO, in a statement.
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