ReWalk Robotics (NASDAQ:RWLK) jumped 11% after the company reported a quarterly loss of $3.1 million or $0.07 per share in Q2 2021 against the consensus estimate of $0.06 per share. A year ago, the company had a loss per share of $0.22.
The earnings in the quarter represent a surprise of -16.67%. The company was expected to post a $0.07 loss per share in the previous quarter, but its loss was a surprise -14.29% at $0.08. The company has filed to beat consensus estimates in the past four consecutive quarters.
The wearable robotic exoskeletons maker, which helps paralyzed patients walk, posted revenue of $1.4 million in the quarter, surpassing consensus estimates by 1.48%. A year ago, the company had revenue of $1.67 million, and over the last four quarters, the company has only topped consensus revenue estimates once.Since the start of the year, ReWalk shares have gained 7.6%, and the sustainability of RWKL price movements will depend on management discussion of the earnings and forecast. So, in the coming weeks, RWKL is worth watching.
Market Reaction:
On Monday, RWLK stock rose 10.50% at $1.57 with more than 622k shares, compared to its average volume of 548k shares. The stock has moved within a range of $1.4200 – 1.5900 after opening the trade at $1.45.
