Press Release: Lifeward Ltd. Reports Third Quarter 2024 Financial Results

Dow Jones2024-11-12
                          ---------------------------------------      ---------------------------------------- 
                            September 30,         September 30,          September 30,          September 30, 
                                2024                   2023                   2024                   2023 
                          -----------------      ----------------      ------------------      ---------------- 
                                     % of                  % of                    % of                  % of 
                            $       revenue        $      revenue         $       revenue        $      revenue 
                          ------   --------      ------   -------      -------   --------      ------   ------- 
Dollars in thousands 
 
GAAP sales & marketing    $4,156       67.8%     $4,088      92.8%     $13,573       74.9%     $9,076     130.2% 
Adjustments: 
Amortization of 
 intangible assets          (389)      (6.3)%      (215)     (4.9)%     (1,154)      (6.4)%      (215)     (3.1)% 
Integration/Rebranding 
 costs                         -          -           -         -         (193)      (1.0)%         -         - 
Stock-based compensation 
 expense                     (91)      (1.5)%      (107)     (2.4)%       (309)      (1.7)%      (271)     (3.9)% 
                           -----   --------       -----   -------       ------   --------       -----   ------- 
 
Non-GAAP sales & 
 marketing                $3,676       60.0%     $3,766      85.5%     $11,917       65.8%     $8,590     123.2% 
                           =====   ========       =====   =======       ======   ========       =====   ======= 
 
 
 
                                           Lifeward Ltd. And subsidiaries 
                                                     (Unaudited) 
                                                    (In thousand) 
 
                                     Three Months Ended                            Nine Months Ended 
                          ----------------------------------------      ---------------------------------------- 
                            September 30,          September 30,          September 30,          September 30, 
                                2024                   2023                   2024                   2023 
                          -----------------      -----------------      -----------------      ----------------- 
                                     % of                   % of                   % of                   % of 
                            $       revenue         $      revenue        $       revenue         $      revenue 
                          ------   --------      -------   -------      ------   --------      -------   ------- 
Dollars in thousands 
 
GAAP general & 
 administrative           $  240        3.9%     $ 3,455      78.5%     $3,424       18.9%     $ 7,579     108.7% 
Adjustments: 
M&A transaction                -          -       (1,314)    (29.8)%       467        2.6%      (2,358)    (33.8)% 
Amortization of 
 intangible assets           (66)      (1.1)%        (37)     (0.8)%      (198)      (1.1)%        (37)     (0.5)% 
Integration/Rebranding 
 costs                         -          -            -         -         (43)      (0.2)%          -         - 
Remeasurement of earnout 
 liability                 2,008       32.8%         (40)     (0.9)%     2,500       13.8%         (40)     (0.6)% 
Stock-based compensation 
 expense                    (158)      (2.6)%       (176)     (4.0)%      $(596.SI)$      (3.3)%       (567)     (8.1)% 
                           -----   --------       ------   -------       -----   --------       ------   ------- 
 
Non-GAAP general & 
 administrative           $2,024       33.0%     $ 1,888      43.0%     $5,554       30.7%     $ 4,577      65.7% 
                           =====   ========       ======   =======       =====   ========       ======   =======

(END) Dow Jones Newswires

November 12, 2024 08:00 ET (13:00 GMT)

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