LFWD - Earnings call 4 2023 | ReWalk Robotics Ltd.

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good morning, and welcome to the Fourth Quarter and Full Year 2023 Lifeward Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.I would now like to turn the conference over to Mike Lawless, CFO of Lifeward. Please go ahead.

Michael Lawless

Thank you, Drew. Good morning, and welcome to Lifeward's fourth quarter 2023 earnings call. Chief Lifeward's Lawless, Mike Financial Officer. I'm months me Chief Executive with release our the on XX, ended issued today's our Jasinski, detailing X for results Larry is financial full Officer.Earlier XXXX. press year December call a And and this Lifeward morning, the a at expectation, to release through be on Litigation company's golifeward.com.Before statements started, meaning projection, would a express like we everyone be and of that statements or made that section regarding future the Private anticipation Reform the call press of and intent future this conference get today's Securities belief, of Relations The the within can the remind considered any forecast, call webcast accessed Act. events Investor Lifeward website I may performance forward-looking to with are as are forward-looking and including those statements These based management and risks release available press the of not filings our guarantees information on and and Lifeward involve statements our Securities noted uncertainties, future today performance. of Commission.Such forward-looking Exchange in may results projected in from differ those statements. the forward-looking materially Actual forward-looking disclaims these obligation in by or the today's except replay the after required any or available as information completion new be whether future shortly to will intent accessible otherwise, as result update the of developments call law.A specifically information, dial-in a Lifeward of statements, from press release. section website. our of webcast archived Relations in be will Investor The the available

webcast, an discussed. Lifeward announcements XXXX. of subsequent benefit call XX, may the archived or the those held For this to topics made replay and listening who related have be date, on the was may that Since February recorded to

most to with I'll releases So Larry. recent turn and the please updated reference for press most over the that, company's call SEC And information. the filings

Lawrence Jasinski

exciting year, XXXX and Good was growth us day achieving expansion. for up to successful Thank you, that have Mike. set milestones very a all.

the highly year new with successful technology building on Our payment of success We exoskeletons, ongoing combined scalable achievements of products entity, strategy. with a we new organization investment key products, as and of to sales capitalize acquisition leadership the of gaining milestones strategic in forward Anti-Gravity talent XXXX. are our innovative for these our move and with commercially Medicare and Lifeward, the is XXXX believe will

Lifeward of session, public include QX; prior XXXX.A growth, due AlterG revenue in In net integration annual a to our businesses HCPCS the QX reimbursement and inherent XX realized annual mission; the advancements be in strengths cost from at a to teams we revenue in $XX.X we of path $X savings leverage a the million fourth the the existing puts our revenue to of of to leverage resulting since stated in increase to million profitability and operational ReWalk for in key application XXXX poised operations us to and presentation in minimize where and highlights the million our year XXXX; former and are to original XXX% case XXXX. to our in technology and XXXX.The quarter resources the vision addition for November price organizations, increase unify higher to reflects commercial both the $X.X our company in as rebranding XXX% the in on

reimbursement a achieved we structure the personal XXXX. Medicare in exoskeleton for Importantly, ReWalk

submit XX to of the and in weeks breakthrough is exoskeleton another preparation, our course plan climbing over meet innovative designs date submissions breakthrough have XX products and to We also Anti-Gravity Developed with stair new to forward and of built and for claims. we mid-XXXX XX effect launch afterwards.Now internal final In will expected as pricing to for the X, April take roughly process technology gained clearance we technology infrastructure of to XXXX. curb FDA on XXXX, requirements coming XXXX. to turn completed move and claims Medicare an to

a of As specifically of launch into a develops, the preparing growth. do reimbursement XXXX Anti-Gravity entity will new intend exoskeletons as the of we see success the our midyear with and we clinics are private and We're our for for an horizons appropriately. not invitation is practice optimistic, become the driven, our individuals possibilities single people rate leader name, Lifeward? innovation and to daily smaller supporting in XXXX.For needs infrastructure might for with XXXX, we we barriers, clinician solutions. AlterG possible. define physical just opportunity systems, of exists completed the to and to designed describe How global just submissions reorganizing aspires results Lifeward. X the are pace for our selling and quarters to drive not support name system a for deemed break redefine we're change pioneering Lifeward late growth lives XXXX call and have we Across a of expand where Both operating XXXX, with focused. of what's Lifeward is towards in refine last life-changing best to unrivaled it's as up movement. or the they summed empathetic, values relentlessly mission Lifeward guide a And action being to to disabilities by a their driving products, to lives.Our unreachable. savvy improving early limitations

we sales We've of with the rest along a the network match to supporting have single staff, the we capabilities How U.S. field now operate covering that XX say and as clinical direct for form support our and XX solutions our world. distributors a the profitable, We a have scaled XX the penetration entity. service organization? the EU product of In that in and Germany. multiple in mission distributors providers, our our over sales individuals and I XX field, offerings growth will change we goals. growing to Canada field of of organization the doubled can have will offer U.S.,

and and targeted Medicare sales to customer government, maintain patient society or affairs internal team inquiring have director, physician, an each focused for our and meet a support quality team internal customer help goals. we operations efforts experienced support, For and have medical have medical industry development.We processing reimbursement an to resources dedicated clinical to structured

the we X With management to senior Simply areas X this all companies, plan Medicare. success. In $XX with goals. our we take our the of and with loss parallel, the of have a commercial on an to key are we growth, will based on these experienced exoskeleton million depending acceptance team will each annual from margin technological reduce pace stated, revenue ready track in record we $XX anticipate of gross revenue million, achieve contribution, level cost achievements, with combination in new they operating gains increasing XXXX and quarter case achieve to take and now turn synergistic us? Where to markets. government product call First, with sales Mike? access with leveraging XXXX and in in organization like remain for skills products offering. growth reduction in the innovative, policy to life-changing financial reaching mission profitability forecast successes We cash our and of expenses and as combined over Mike consistent efforts a our achieve to largest coverage our current our We XXXX.I'd on detail. XXXX more broader Lawless on our

Michael Lawless

Thanks, Larry.

charge various the financial the GAAP of GAAP results right. the costs costs, quarter our on AlterG, charges, inventory order expenses, I operational obscure our performance that want reference transaction provided fourth rebranding Lifeward. In I a discuss visibility in Before the expense. include and quarter results, excludes financials.All the and reconciliation everyone and integration results to which of encourage of restructuring which is to GAAP fourth GAAP as of in operational results purchase review to and acquisition basis, to compensation to today's of facilitate The both to the and release, results performance I to can understanding non-GAAP the underlying XXXX tables both earnings non-GAAP and accounting discuss the the remind these expenses you I Lifeward, related adjustments, of I want stock

$X.X reported million in the in fourth Lifeward to attributable fourth over up The compared to XXX%. acquisition or $X.X is of the of Moving quarter revenue. XXXX in the to $X.X million revenue AlterG. of XXXX, of million increase quarter revenue

versus was in million, QX the flat with metrics. fourth of XXXX units fourth XXXX.ReWalk of the up the 'XX in with increase in million offset of revenue units.Turning reported Exoskeleton quarter the of sale and number $X.X revenue XXXX of an MyoCycle the the $X.X our 'XX from Excluding line AlterG quarter sold, same but FES quarter ReStore from sequentially revenue was revenue from while sales, pipeline was QX declined slightly, on the of cycles training million to third $X.X

consists broken with down pace in of rentals. which quarter, Germany X VHA active X is rentals of XX last from down and Our XX cases,

quarter than in was with Germany our in end As number overall our of reorganization backlog, internal to at activities. in and the with We due ended for the U.S. our is December the in of lower AlterG XXXX, XX XX XX backlog the commercial 'XX which and XX integration on systems process focus ReWalk orders XX, of QX cases

to In gross by We in ago the contributed which was XX.X% workers' reimbursement our quarter submitted To Lifeward basis, the have of fourth compared XX margin million million be a XX.X% to future. higher VHA contractors be product and claims was the XX% QX of earlier, a non-GAAP up to to $X.X traditional will revenue compared to compensation will consolidated cumulative in revenue quarter to of processed $X.X margin. quarters.As expect GAAP profit compared expenses Medicare of from additive GAAP of operating had expect one to of AlterG as mix $X.X as very date, 'XX return to discussed and of we costs, were these 'XX. material gross the the favorable near begin end expenses. the been to has On revenue or the $X.X $X.X or favorable levels for of fourth million million quarter overall XXXX. to margin.Moving higher from of for of In of to million fourth the or Medicare gross the the the expect XX% accretive our profit $X.X 'XX, QX XX.X% revenue systems. cases.Moving or This in backlog million paid, gross February the we The AlterG in quarter paid and coming profit. for was by year gross more a claims 'XX. quarter to of Larry that in the sales 'XX, to fourth Medicare fourth revenue quarter XXXX, operating gross fourth pipeline a and ReWalk of

to the reduction expenses due and 'XX amount the $X.X with a X 'XX. $X.X in expenses the stage marketing OpEx the marketing basis, as million submission.GAAP 'XX QX categories, compared QX final up were project basis, major to 'XX. and non-GAAP in declined the to improvement the $X.X contributed of CMS higher were On the million are in million fourth non-GAAP XX%. million quarter, as expenses spending rest conclusion and and we of The million recent non-GAAP million a to came the QX the were declined.Our million in loss associated fourth flat XXXX. the year's The XX%. of the in prior for GAAP $X.X of increase increase $X.X activity.GAAP was administrative were quarter. ReWalk quarter operating since project On $X.X all reflect expenses. G&A while R&D marketing for was $X.X a $X.X in the a at consulting general expenses quarter addition expenses fourth stairs or 'XX. GAAP due ReWalk on and selling million most The of compared Within curbs of QX basis, operating the also and which related compared loss subcontractors R&D QX spending fees AlterG in million as XXXX primarily increase, with sequential The was $X.X to up QX On in million, loss while $X versus million compared operating professional million $X.X 'XX. contributed $X.X the of lower the compared from the $X.X and ReWalk the $X.X of to 'XX. to business in were of G&A before to reimbursement contributed in or addition as $X.X The expenses non-GAAP in R&D an selling consultants the this and quarter majority $X operating AlterG million loss from million 'XX $X.X for in service business were on selling million FDA QX million this expenses $X business, million, in AlterG quarter fourth million results

business million, equivalents operations million some transition cash AlterG our loss.Moving to on non-GAAP the sheet. case operating an in to a with includes $XX.X no provide want QX NASDAQ. of costs.Next, last and the improvement balance cash the the was As QX Cash contributed status quarter in update in had and positive used quarter, $X.X We and ended in operating the profit in integration which was to listing for debt. I and requirements the the

there back by would for be requirement that stage, regain our positively rules. no period anticipated the NASDAQ our with we available As NASDAQ in for believe stock under through grace had provide CMS impact bid NASDAQ announcement we are a the Hearings you are stock not certainty that to split XXXX, final were would price which based the by expired. exoskeletons, requested us such At the Panel extensions know, and compliance from necessary. We and seeking extensions rates received clarity this the price payment the and of on notified further October, March investors reverse XX, $X second listing

expect to once favorable our deadline. continue payment NASDAQ is rate of relative We CMS, a but timing uncertain announced compliance the stock is to the this by final response

reverse our We with have our in authorize in place announcement CMS not stock place plans split, should deadline Board the a our take NASDAQ.Okay. contingency to for time for

guidance. to financial moving Now

payment As which and do our a influence factor the The we the significant appropriate in exoskeletons, to processed still a timetable by XXXX the has begin factors these be X claims nor will provided have is attempt related paid rate uncertainty guidance results. not reminder, Medicare final Medicare the following the at to to conservatism. X These potential MACs. variables with for our a have on

we revenues between The expect For the to product the augmented mid-XXXX by in year's from contribution new a full new introduction $XX is of business, revenue we AlterG. million million. by in AlterG full entry-level XXXX, expect the that of a $XX year of a driven model growth

on benefit will Additionally, of we and market a rate range, the XX% the starting and ReWalk expect cost X.We from non-GAAP by leverage category coming expect AlterG of to April new to high shipments higher payment devices expansion revenue the from product from driven margin expand improvements Medicare of the in volume level benefit systems. gross the by ReWalk

non-GAAP run the low non-GAAP We expect expenses and will level, to operating reduced fourth loss XXXX operating rate decline be the from to our millions. quarter double-digit

beginning $X these increase Taking product range quarters which expect revenue anticipate will be of seasonally quarter XXXX In visibility sequentially that traction still of to to our exit that, revenue, for the product follow, and expected revenue came payments, lowest to reduced for January, will first commercial need timing million factors we new quarterly seasonal Medicare 'XX any claims the the provides Medicare over to operating future AlterG in Since into Medicare the low turn QX in back across the introduction to AlterG team, of expect which a systems We not the operating and supplemented significantly achievement million. the new guidance QX AlterG I'll in be in and the expect further pricing Larry profit. the with have call loss, we paid revenue the to we also by revenue of in portfolio. does visibility 'XX.Additionally, the just mid-XXXX.With time on combined together remarks. sales increase in account, achieve quarter is to to $X.X

Lawrence Jasinski

our goals. and Thank to would goals, more our detail ongoing market technological you, on advancements, commercial our like operations financial our Mike.I provide now

market. the seek the on we CMS build to of success First, U.S. is in something

for patients accordingly interaction Anti-Gravity designed with limited as AlterG to private advance groups features clinics. this parallel, provided plan and and address can who advancement to of see previously the These and as needs to our with payers progress.Technology we our constraints. pricing where been compensation by penetration U.S. an expectations. model, we to to launch and central coverage as design treatment approach, the underserved unable we similar In Midyear, to multiyear market work workmen process. submission due will update commercial these optimize technology a they We initiate a to CMS. processes seek have growth will CMS smaller is access mission option and are We as clinics other which for their budgets new a smaller has Anti-Gravity to this specifically will

We have that rehab larger with also centers. new progressed expands on technology for clinical features applications

and organized prototype for sales this with team connections with usability development shifting be more launch testing to on referrals our larger physician will we our supporting offering. AI to deeper new material for improvements a director into submission ReWalk extensive scientific developed medical working longer-term or orientated is our element specific to product launch defined being the focused we new adding separate our but the the a project as interaction hopeful this personal to approach. XXXX.The a established The time be filing yet and improve product This and a execution, be able advancements with features launch part broader are for not ReWalk in and has to we of is team's advancement This our seek this made driven market iteration more constant FDA an and for will commercial users. in this line exoskeleton to pipeline addition, soon scalable from U.S. intelligence It clinic utilizes with exoskeletons, for by with of a have a line key We are date development. sales product clearance, design. Marketing will shift new accordingly.For artificial occur launch will are of focus be our functional establish be to to have and and currently FDA incorporated timing by capabilities. XXXX.In add launch efforts

who and available.I the will We now like eligible operational benefit the now coverage ReWalk address efficiently educate medical would our community is direction to assist XXXX. Exoskeleton that Medicare would for identify individuals from to

our additional to We of with year. we expect submissions XX $XX this do progresses XX and revenue the as XX and $XX CMS million million current that to will

elimination be to operating and reduction will on loss better goes and the define year as pace our on. eventual impact the We the able of

and work and as increased quarter synergy and process XXXX the of the volume. reduce adjust in growth, losses to margins each reduce combined will our improve we We obtain operating gain activity part sales as with to of cost operations goods to from

Our on in our goal cash.We is set we few past years, have plan profitability in current many and these XXXX milestones of our them. successfully reached strategic

We that Lifeward your to access dream for of Operator, are confident time financial life-changing the optimistic now will Thank parallel questions, technology have with today. success. can everybody, please. and achieve you, we

Operator

Yes.

now Instructions] The the will question from comes with session. Ramakanth question-and-answer H.C. [Operator We first begin Wainwright. Swayampakula

Swayampakula Ramakanth

from This R.K. is H.C. Wainwright.

off I ensure of start the place communications I place. something end few a what with CMS expectation? CMS effective the we initially it the reimbursement, you this that on still are from currently X? To be by have And thought yourselves sort in questions that in to So month, having that to everything for me. have April of mean, Is should we'll

Lawrence Jasinski

as one We HCPCS that meeting, with in the were of those. April take more there expecting Our we of products consistent recognize place expectation has. the and rule we were X, than is to that in are CMS it categories XX always on

all the think even most to done of lot with of a of to they have to us. an answer categories nothing just part of So though them have I get package. do overall a We're detail

as for anticipate X expected we by our in April is press But their confidence is our But timing, implement had also to very effective into do, schedule time to call. we any The date. MACs the it have it it release. the systems. a day I soon have as of don't to I order you're going So as this and fee now, see high.

Swayampakula Ramakanth

systems you the actually gave have to done and they're up submitted the think that indication or your of successfully you I MAC got end and set submission how smooth. going last us of then year, one And the of an at you

submissions beyond final then between until So get now? you Are you up holding your all there that, any and have been submissions ruling? the

Lawrence Jasinski

No, payment. submissions over it restarted a we to and continued January switched lump-sum on X when

we them So about here will half February of on latter include put to from all XX other this in payment to our And least will in, and again, submissions in build submissions the put last of continue to the XX we we year, lump-sum ones designation. later try roughly now them hold with the the were year. of our did know part And the to of in This timing will at half year. we finish simply a of part the roughly under end pipeline are XX earlier additional this total. is QX, first ones

Swayampakula Ramakanth

I have then call, were And to about you Okay. in distributors out in there. Germany terms expectations hear XX see growth I what and Europe the did of in saying XX want have you general. commentary or you on that

they helping in the how to So Europe? are you grow business

Lawrence Jasinski

the one AlterG the addition Europe didn't of we advantages of of built our it network Asia in have. Well, that is primary technologies and the

So and they AlterG longer with now acquisition. fully this and the of involved are no field line, the elements the product on sale for focused that

growth markets scope of through their to and We distribution reasonably the size expect see Asian going that and they the in good European are organization.

grow we're continue Germany exoskeleton do product XX% For see And as Germany. in well up very AlterG in year-over-year increase team there. both Germany. we a Germany, that well-accepted well optimistic in market on our direct the beginning been will sides of to see as to It's the in an we to

Swayampakula Ramakanth

Perfect.

you're planning So product? dynamics And a my what in new the what for product is out of mid-XXXX, there launch is of sort general, as to in sort on for the AlterG, revenue through last market we go the then that year? questions that

Lawrence Jasinski

the with you ask to I'd trends. Mike, start

Michael Lawless

Yes.

a it of for the of we the grow expect customer patterns we of function that we because be patterns the lowest year. the I move the introduction AlterG we're the that that's But the sales that through is the midyear around expecting typically true order That's the year and of historical and that. move gradually then NPI builds purchasing will as as pattern through QX the R.K., business. the particularly So, when base. new of systems think that the I will quarter, this sequentially guess right fact the year. been whereas

year, half benefit So addition the introduction we the new get that line. of that with of that to we'll seasonal the second product growth in see normal typically product the

Lawrence Jasinski

And Okay. and what new well accepted is you rehab professional larger product, back the business in arena, for rehab capability. clinics, of for the have I'll training athletes. penetrate lot the that we've been practices is XXX-pound healthy we're in Sports, private an private products we work need also a And level steady. of new excited miles doing to example, regarding we well a people stay that practice really and extremely the a and we're smaller the we the have with ones XX sports but and area smaller Pro about. remind run business the to the clinics. heavily an in second a audience. into able the is expect places step are not the for AlterG and product so capability They're can larger not that we well entering But The with segment very might Pro don't features build They because hour, that of the other features

U.S. something not the allow begin is, XX,XXX to in penetrate that is around features penetrated. at that about which this the segment, built clinics us have point, that will really we So to

be it's major all the us used. out technology could this So rounding of markets in where

right part our AlterG. So we're it and for We'll a begin midyear, is and this significant growth trajectory it about excited year. of this around product shipping

Operator

Ben comes Alliance with [Operator Partners. Global Haynor question Instructions] The next from

Benjamin Haynor

you Can okay? hear me

Lawrence Jasinski

Yes.

Michael Lawless

Yes, Ben.

Benjamin Haynor

Great.

to wanted guidance, just look envelope, in plan the double-digit in CMS the submissions this paid And that year, check reimbursement to high you've I XX any that? if CMS you in it of be right up have figure even you put to and how that back much could the even that at say out preliminary reimbursed the I on of Just single-digit millions at got XX about preliminary do I the there kind preliminary figure could the is slated mean low got or model get to assume in for, you that's included What's XX then think you revenue at that or way to be millions. there. is the revenue that?

Lawrence Jasinski

we submissions Yes, have we're Larry. will and using be our the this a presently preliminary think we of higher. modeled it's Ben, combination making although that pricing,

So claims the XXX we have total.

XXXX about period. reason will believe a we gave So will XXX or or new XXXX place, but think, for and are that is the and XX, XX XX range year, around somewhere the more The expect already the XX goal, ones, so payment XXXX, in our for between we submissions. paid to we the claims that's XX% percentage in we be looking calendar XX%, in we the balance be paid

how So estimates being in built our of partially We're this the pace things that's with because for our and we predict CMS, 'XX. pipeline we is conservative completely building can't that.

Benjamin Haynor

higher, hit reimbursement is they proportion if that is is So there's to if that upside higher, figure the and fair? obviously, XX% XX%

Lawrence Jasinski

we'll whenever it. can sale get the we take Yes,

So yes.

Benjamin Haynor

then and unit more Okay. personal force a effect? on stands get as of journey patient the changes you referrals. enough. how over year physician mentioned kind And focusing the kind Fair to CMS this it sales through or then home that course change of to today Can refocusing a take of walk might you as us typical

Lawrence Jasinski

team to patient to of because there referrals have necessarily from physician of over them patient hope community coverage, push a this I'll clinical We this through advance us technology. that help and wouldn't that activities that wanted benefits community. and a they few lot. will help look driven. really our definition give us patient came really The false want really with patients the not willing was the didn't the no But our really the and CMS Most of system. backwards. Well, to our patients just qualify past was with they years patient work of kind would has then the help very been

our will is scalable physician-focused because to change to help it's patients. more the bit profile little a So here a us and get approach in right

referred dramatically who to better. higher they Our of a us patient the come from success rate individuals than individuals could lot a group is qualify individually just because

CMS So submission we teams. need and clinic right educate together inclusion/exclusion ask at internal guide there off elements product now, end came we cases. all has then physician, a to which the submission, to the originally physician have of for service our and physician most them we work that and them we the then And got the their encourage their then that and a that customer help for criteria the the know our training to that provided we journey And cycle. do would through will the back patient's and with team, referral hand or them in is get the pull from, the we we

life a program make it's have clinic claim of warranty through, combination these training processing And ReWalk's device. of hard that a good preparing device helping very many them. sure after go physician the and So we of here involvement individuals the followed to them. for have then entire X-year will now a work a for a as the starting followed point the by of by working the that, and service in

the chart but longer explanation. flow than that, So good verbal is reasonably a is much that

Benjamin Haynor

thousand that prescriptions. I you you kind easily we that's relatively potentially all and Super that never been sort of physicians about will be of helpful. with is the be try to there that envelope and makes the Bowl X,XXX outs obviously, folks historically, back should that sales sense, physicians to after obviously, the terms have the that a force definitely lot to way XXX smaller target of group or coming a X guys of write the and be there target? your patients or that the run in go Or potential going And candidates. on number a But of mean, you No, of after, it's out could think to that is use think might really XX,XXX going can patients you're

Lawrence Jasinski

patients, becomes initial patients as in core past, physical The rehabilitation and of the good injury, they a internists. one particularly a the medicine, the base. and variety PM&R is early, there's their these group later with the see docs, people Yes, varied more pretty little get who years physician as neurologists do

based. over a in believe educated group's would gives and our sufficient for And matter. the that the little be numbers So growth. will But neurologists clinic medicine more of internal focus us we some getting initial time,

So injury pretty the will spinal for have It time of I target. the early grow cord think business. good we side over a

Benjamin Haynor

the Okay. you quick or AlterG revenues Can those pro for then versus growth couple forma Or And That's Got provide and do helpful. can XXXX? it. of a XXXX have them? you the ones. provide available

Michael Lawless

revenue, X The you the pro organizations together? forma if combine

Benjamin Haynor

AltraG way or that just standalone, kind a you as of either Well, if will.

Michael Lawless

I don't fingertips. my that in have

while we're to try pull moment. Give up on here. that me the Let call me a

Benjamin Haynor

QX? Or kick Yes. fully in over into that No distract it integration task. on, savings and I another over expect, the just we kind a the that year? the course problem. model should the quarter $XXX,XXX of as beyond? does then from And down you during that QX does of kind to Or just But guess ramp one savings of you

Michael Lawless

phase later the in. to kick to That's... not benefit QX, should all That impact we see time for the immediate. in add the the We won't really will see until full we but start through in time. over That's year. move

Benjamin Haynor

sense. Makes

Okay.

leave the that's had. it I and that think I taking thanks for all questions, guys. I'll at

Michael Lawless

up that Thank with with had. the you, other answer you Ben. I'll follow to that you question

Operator

conference would I turn session. like closing Larry over any question-and-answer to Jasinski the for back our concludes This remarks. to

Lawrence Jasinski

us the fairly XXXX long the company because milestone-driven milestones, basis us that that for execution expand thank today. and to a a and we moving much really this list to joining I'd to started like very of we've out it, with was year everyone I to are is get phase. been for do we

the We which the team integration of important in companies, is have of have size it. the we an do scale right to place, part the and and

everybody. on this we quarterly future us So And everyone That's to to much you, calls. closely. ask watch we Thank please very it presenting for today. forward look

Operator

has today's now for concluded. attending conference presentation. you The Thank

disconnect. now may You

ReWalk Robotics (LFWD) 27 Feb 242023 Q4 Earnings call transcript