Rewalk Reports Q2 Financial Results

On August 6, Rewalk Robotics announced its financial results. Among the highlights were an increase of more than 20% in total revenues compared to the same quarter last year. Nasdaq GlobeNewswire reported the following highlights:

  • Total revenue was $610,000 compared to $500,000 during the second quarter of 2014.
  • Placed 12 ReWalk systems during the second quarter of 2015 compared to 10 systems during the second quarter of 2014.
  • Received positive coverage decisions on behalf of ReWalk's customers from two large private commercial insurers for the ReWalk Personal system.
  • Increased ReWalk's commercial reimbursement pipeline to 59 fully completed pending insurance claims.
  • Received approval for continuing education credit in 22 states for ReWalk's clinician training program from the Federation of State Boards on Physical Therapy.
  • Introduced ReWalk Personal 6.0, ReWalk's next generation device that offers the fastest walking speed, most natural gait and most precise fit of any exoskeleton on the market.

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