InvestorsHub Logo
icon url

abira

08/13/18 1:43 PM

#367 RE: nokomis #366

Per their guidance, 2nd half of 2018 should be good but the numbers on tomorrow's ER are not going to be great per their preliminary results:
"
Our revenues were approximately $1.8 million and $3.4 million for the three and six months ended June 30, 2018, respectively, compared to revenues of $2.0 million and $4.5 million for the three and six months ended June 30, 2017, respectively. We derived approximately 68% of our revenues from the United States for the six months ended June 30, 2018, compared to 76% for the six months ended June 30, 2017. We derived approximately 30% of our revenues from Europe for the six months ended June 30, 2018, compared to 24% for the six months ended June 30, 2017. The remaining 2% in revenues originated in Latin America and Asia Pacific for the six months ended June 30, 2018. We placed 21 and 44 units during the three and six months ended June 30, 2018, respectively, compared to 31 and 68 units during the three and six months ended June 30, 2017, respectively. As of June 30, 2018, there were 250 pending
insurance claims relating to coverage for ReWalk, compared to 217 as of June 30, 2017.

Our cash and cash equivalents were approximately $9.1 million as of June 30, 2018, compared to $16.3 million as of June 30, 2017 and $14.6 million as of December 31, 2017."

http://ir.rewalk.com/static-files/27e27186-6e95-4f13-a678-c7f9fcb58379

I am long on RWLK and I will not be surprised to hear pleasant updates tomorrow but Q2 numbers will not be great.