YOKNEAM ILIT, Israel – ReWalk Robotics Ltd. (RWLK) announced a loss of $7.5 million during the third quarter of this year. The Israeli-based company reported a loss of 13 cents per share, with adjusted losses of 8 cents per share when accounting for non-recurring costs.
However, despite the losses, ReWalk Robotics saw a surge in revenue during the same period, posting $4.4 million in sales. This growth in revenue signifies the increasing demand for their wearable robotic exoskeletons, which assist paralyzed patients in walking.
The innovative technology developed by ReWalk Robotics offers a ray of hope for individuals with mobility impairments. By providing assistance to those who have lost the ability to walk, these wearable exoskeletons aim to improve their quality of life and independence.
While the company experienced financial setbacks in Q3, they remain dedicated to their mission of developing cutting-edge technologies that revolutionize the healthcare industry. ReWalk Robotics continues to invest in research and development to enhance their exoskeleton systems, pushing the boundaries of what is possible.
With a focus on combining groundbreaking engineering with an intimate understanding of user needs, ReWalk Robotics strives to push the boundaries of mobility assistance. Their commitment to improving the lives of paralyzed patients is evident in their consistent dedication to innovation and the development of advanced medical technology.
Frequently Asked Questions (FAQ)
What is ReWalk Robotics?
ReWalk Robotics is an Israel-based company specializing in the development of wearable robotic exoskeletons that assist paralyzed patients in walking.
How do ReWalk exoskeletons work?
ReWalk exoskeletons utilize motorized joints and sensors to assist individuals with impaired mobility in standing, walking, and climbing stairs.
What is the goal of ReWalk Robotics?
ReWalk Robotics aims to enhance the quality of life and independence of individuals with mobility impairments by providing innovative solutions for walking assistance.
What sets ReWalk Robotics apart from other companies?
ReWalk Robotics stands out due to their commitment to using cutting-edge technology to create advanced exoskeleton systems that cater to the unique needs of paralyzed patients.
Where can I find more information about ReWalk Robotics?
For further information about ReWalk Robotics and their products, you can visit their official website at [insert website URL].