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.
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.