Lifeward Reports Strong Second Quarter 2026 Financial Results as Commercial Execution Drives Growth
Rhea-AI Summary
Lifeward (Nasdaq: LFWD) reported second quarter 2026 revenue of $6.6 million, up 16% year over year, its strongest quarter since Q4 2024. Growth was led by a 13% increase in ReWalk Personal exoskeleton sales to $2.5 million and a 25% rise in AlterG products and services to $4.1 million. Gross margin was 41%, down from 44% a year earlier.
Total operating expenses fell 24% to $6.9 million, reducing GAAP operating loss by 37% to $4.2 million. GAAP net loss widened to $11.5 million, mainly from non-cash fair value charges, while non-GAAP net loss was $4.1 million. Cash and equivalents rose to $9.4 million from $2.2 million at year-end 2025, with pro forma cash of about $11 million including July financing. Lifeward highlighted a distribution pilot with Ottobock Care, progress toward a U.S. Phase 2 trial of ORMD-0801 oral insulin, and announced board departures and the planned September 30, 2026 exit of its CFO.
Positive
- Revenue +16% YoY to $6.6 million in Q2 2026, strongest since Q4 2024
- AlterG revenue +25% YoY to $4.1 million on higher U.S. units, services, pricing
- ReWalk Personal revenue +13% YoY to $2.5 million, driven mainly by Europe
- Total operating expenses -24% YoY to $6.9 million in Q2 2026
- GAAP operating loss -37% YoY to $4.2 million in Q2 2026
- Cash and equivalents $9.4 million vs. $2.2 million at December 31, 2025
- Pro forma cash ≈$11 million including July 6, 2026 capital raise proceeds
- Growth capital up to $11.2 million via July 2026 strategic financing structure
- Ottobock Care pilot launched to broaden U.S. access to ReWalk Personal Exoskeleton
- Advancing ORMD-0801 with preparations for planned U.S. Phase 2 clinical trial
Negative
- Gross margin declined to 41% from 44% in Q2 2025
- GAAP net loss increased to $11.5 million from $6.6 million year over year
- Non-GAAP net loss rose to $4.1 million from $3.5 million in Q2 2025
- Net cash used in operations $9.7 million in the first six months of 2026
- R&D expenses more than doubled to $1.8 million in Q2 2026, including $0.7 million Oratech trial costs
- Board turnover with three directors, including the chairman, stepping down August 13, 2026
- CFO departure effective September 30, 2026, pending transition to a successor
News Explained
Lifeward has $5.6 million of financing, not the full $11.2 million maximum; the remaining tranche is conditional and the structure can add shares.
The Lifeward financing closed on
Although the company describes the arrangement as providing up to
The financing consists of senior secured convertible notes totaling
The
Sources and calculations
- Lifeward second-quarter 2026 financial results release (2026-08-14)
- Lifeward S-3 resale registration summary (2026-08-03)
- Lifeward S-3 effectiveness filing (2026-08-11)
- Private placement / PIPE definition (undated)
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 15 | Q1 earnings report | Negative | +1.6% | Revenue declined and net loss widened despite additional financing and higher cash |
| Mar 18 | Q4 earnings report | Neutral | -11.1% | Strategic transaction and funding accompanied full-year revenue and loss disclosures |
| Nov 14 | Q3 earnings report | Positive | +14.9% | Operational improvements, regulatory progress, financing, and reaffirmed revenue guidance |
| Aug 14 | Q2 earnings report | Negative | -14.6% | Revenue declined year over year despite clearance and operational milestones |
| May 15 | Q1 earnings report | Negative | -10.4% | Revenue declined despite improved margin and narrowed operating loss |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
The five tag-matched earnings events averaged a -3.94% reaction, with positive reactions to Q1 2026 and Q3 2025 but negative reactions to the other listed earnings events.
Key Terms
non-gaap financial
convertible promissory note financial
fair value remeasurement of warrant and derivative liabilities financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Revenue increase and operating performance improve as capital-efficient distribution strategy gains momentum
Strengthened balance sheet and expanding rehabilitation platform support continued commercial execution
HUDSON, Mass. and YOKNEAM ILLIT, Israel, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Lifeward Ltd. (Nasdaq: LFWD) (“Lifeward” or the “Company”), a diversified biomedical innovation company with a portfolio of commercialized neurorehabilitation products and a biomedical pipeline, today reported financial results for the second quarter ended June 30, 2026.
Corporate & Financial Highlights
- Revenue increased 16% to $6.6 million in the second quarter of 2026 compared to the second quarter of 2025, marking the strongest quarterly revenue performance since the fourth quarter of 2024. The increase reflects continued execution of Lifeward's commercial strategy and growing adoption across the Company's rehabilitation portfolio.
- Strengthened the Company's balance sheet to a proforma cash balance of approximately $11 million. The Company had a cash balance of
$9.4 million as of June 30, 2026. Through a strategic financing closed on July 6, 2026, providing up to$11.2 million in growth capital, Lifeward raised approximately$5.6 million ,$4.1 million of which was received during the second quarter, and$1.5 million was received in July. An additional approximately$5.6 million is available upon achieving either a150% increase in ReWalk sales or the Company's common stock trading at$13.80 or higher for ten consecutive trading days. - Continued successful execution of Lifeward's capital-efficient distribution strategy, expanding patient access through established rehabilitation and durable medical equipment distribution partners while building scalable commercial infrastructure designed to support portfolio growth. In August 2026, Lifeward launched a pilot program with Ottobock Care, a leading U.S. mobility technology patient care organization with more than 50 patient clinics nationwide, broadening access to ReWalk Personal Exoskeleton across the country.
- Further strengthened Lifeward's restorative healthcare platform, with ongoing investigational device development, combining market-leading rehabilitation technologies with an established reimbursement infrastructure.
- Advanced the ORMD-0801 oral insulin clinical program, with preparations ongoing for the planned Phase 2 U.S. clinical trial. Clinical development activities continue to be managed by Oramed under the strategic collaboration utilizing funds from the Oratech acquisition.
- Board composition. Effective August 13, 2026, the Company’s Chairman of the Board Bob Marshall and Directors Mike Swinford and William Sigsbee have decided to step down from the board. The Company extends its gratitude to each of Messrs. Marshall, Swinford and Sigsbee for their service and lasting contributions to the Company.
- Executive transition. The Company’s Chief Financial Officer, Almog Adar, has decided to depart the Company effective September 30, 2026, and will assist with a transition period to his successor. The Company extends its gratitude to Mr. Adar for his service and lasting contributions to the Company.
“The second quarter marks another important milestone in Lifeward's transformation into a scaled restorative healthcare company, with revenue growth demonstrating that the strategy we have implemented is working,” said Mark Grant, President and Chief Executive Officer of Lifeward. “Backed by a strong sales pipeline, we expect this revenue momentum to continue in the second half of 2026.”
“Over the past year, we have strengthened Lifeward’s restorative healthcare platform, which includes multiple commercial products, a strong reimbursement infrastructure, a scalable capital-efficient distribution model and an exciting pipeline of potential future rehabilitation technologies. These capabilities create a powerful foundation that we believe will support sustainable long-term growth and expand access to life-changing technologies for patients around the world.”
“As part of the governance changes announced today, I am proud of what our team has accomplished together with the support and guidance of our board. We have established the strategy, strengthened the balance sheet, built the commercial infrastructure and positioned the Company to capitalize on significant opportunities ahead.”
Second Quarter 2026 Financial Results
Revenue increased
Gross margin was
Total operating expenses in the second quarter of 2026 declined
Operating loss declined by
Net loss was
Liquidity
As of June 30, 2026, Lifeward had
About Lifeward
Lifeward is a global innovator focused on advancing medical technologies and biomedical solutions that improve lives. The Company’s established portfolio includes market-leading neurorehabilitation technologies such as the ReWalk® Exoskeleton, AlterG® Anti-Gravity system, MyoCycle® FES System, and ReStore® Exo-Suit. These solutions span the continuum of care in physical rehabilitation and recovery, deploying the most advanced robotics and AI technologies to restore full health and quality of life to a broadening patient population. The Company is now executing a strategic evolution into a diversified biomedical company, expanding beyond rehabilitation and into high-value therapeutic platforms. This includes its Protein Oral Delivery (POD™) platform, designed to enable oral delivery of biologic drugs, with lead candidate ORMD-0801 (oral insulin) targeting a large and underserved diabetes market.
Lifeward has operations in the United States, Israel, and Germany. For more information on the Lifeward mission and product portfolio, please visit GoLifeward.com.
Lifeward®, ReWalk®, ReStore® and Alter G® are registered trademarks of Lifeward Ltd. and/or its affiliates.
Forward-Looking Statements
In addition to historical information, this press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, and Section 21E of the U.S. Securities Exchange Act of 1934. Such forward-looking statements may include projections regarding the Company's future performance and other statements that are not statements of historical fact and, in some cases, may be identified by words like "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future," "will," "should," "would," "seek" and similar terms or phrases. The forward-looking statements contained in this press release are based on management's current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. Important factors that could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements include, among others: management’s expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding: the future operations of Lifeward, including research and development activities; the nature, strategy and focus of Lifeward; Lifeward’s ability to successfully integrate Oratech Pharmaceuticals Ltd. into its organization and realize the anticipated benefits therefrom; anticipated clinical drug development activities and related timelines, and other clinical results; the sufficiency of post-transaction resources to support the advancement of Lifeward’s pipeline through certain milestones and the time period over which Lifeward’s post-transaction capital resources will be sufficient to fund its anticipated operations; unexpected costs, charges or expenses resulting from the strategic transaction; expected timing and results of the ORMD-0801 clinical trial; legislative, regulatory, political and economic developments; the acceptance of the ReWalk 7 Personal Exoskeleton by healthcare professionals and patients; uncertainties associated with future clinical trials and the clinical development process, the product development process and FDA regulatory submission review and approval process; the Company's ability to have sufficient funds to meet certain future capital requirements, which could impair the Company's efforts to develop and commercialize existing and new products; the Company's ability to maintain and grow its reputation and the market acceptance of its products; the Company's ability to achieve reimbursement from third-party payors, including CMS, for its products; the Company's limited operating history and its ability to leverage its sales, marketing and training infrastructure; the Company's expectations as to its clinical research program and clinical results; the Company's expectations regarding future growth, including its ability to increase sales in its existing geographic markets and expand to new markets; the Company’s ability to continue to operate as a going concern; the Company's ability to obtain certain components of its products from third-party suppliers and its continued access to its product manufacturers; the Company’s ability to navigate any difficulties associated with moving production of its AlterG Anti-Gravity Systems to a contract manufacturer and transitioning the manufacturing of its ReWalk products to its in-house manufacturer; the Company's ability to improve its products and develop new products; the Company's compliance with medical device reporting regulations to report adverse events involving the Company's products, which could result in voluntary corrective actions or enforcement actions such as mandatory recalls, and the potential impact of such adverse events on the Company's ability to market and sell its products; the Company's ability to gain and maintain regulatory approvals; the Company's ability to maintain adequate protection of its intellectual property and to avoid violation of the intellectual property rights of others; the risk of a cybersecurity attack or breach of the Company's IT systems significantly disrupting its business operations; the ability of a refreshed Board of Directors to effectively oversee and manage the Company and execute its strategy; the Company's ability to use effectively the proceeds of its offerings of securities; and other factors discussed under the heading "Risk Factors" in the Company’s annual report on Form 10-K, as amended, for the year ended December 31, 2025 filed with the SEC and other documents subsequently filed with or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. Factors or events that could cause the Company’s actual results to differ from the statements contained herein may emerge from time to time, and it is not possible for the Company to predict all of them. Except as required by law, the Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.
Contact:
Almog Adar
Chief Financial Officer
Lifeward
E: media@golifeward.com
E: ir@golifeward.com
| Lifeward Ltd. And subsidiaries | ||||||||||||||||
| Condensed Consolidated Statements of Operations | ||||||||||||||||
| (Unaudited) | ||||||||||||||||
| (In thousands, except share and per share data) | ||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
| June 30, | June 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Revenue | $ | 6,623 | $ | 5,724 | $ | 10,546 | $ | 10,758 | ||||||||
| Cost of revenues | 3,914 | 3,213 | 6,495 | 6,125 | ||||||||||||
| Gross profit | 2,709 | 2,511 | 4,051 | 4,633 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development, net | 1,754 | 767 | 7,599 | 1,685 | ||||||||||||
| Sales and marketing | 3,531 | 3,785 | 6,802 | 7,622 | ||||||||||||
| General and administrative | 1,576 | 1,739 | 4,141 | 3,959 | ||||||||||||
| Impairment charges | - | 2,783 | - | 2,783 | ||||||||||||
| Total operating expenses | 6,861 | 9,074 | 18,542 | 16,049 | ||||||||||||
| Operating loss | (4,152 | ) | (6,563 | ) | (14,491 | ) | (11,416 | ) | ||||||||
| Financial expense (income), net | 7,357 | (1 | ) | 7,805 | (31 | ) | ||||||||||
| Loss before income taxes | (11,509 | ) | (6,562 | ) | (22,296 | ) | (11,385 | ) | ||||||||
| Taxes on income | 10 | - | 16 | 11 | ||||||||||||
| Net loss | $ | (11,519 | ) | $ | (6,562 | ) | $ | (22,312 | ) | $ | (11,396 | ) | ||||
| Basic net loss per ordinary share | $ | (4.12 | ) | $ | (7.01 | ) | $ | (10.09 | ) | $ | 12.59 | |||||
| Weighted average number of shares used in computing net loss per ordinary share basic and diluted (*) | 2,796,621 | 935,785 | 2,210,280 | 904,881 | ||||||||||||
| (*) All share and per share amounts presented in this note have been retroactively adjusted to reflect the Company’s 1-for-12 reverse share split effected on February 24, 2026. | ||||||||||||||||
| Lifeward Ltd. And subsidiaries | ||||||||
| Condensed Consolidated Balance Sheets | ||||||||
| (In thousands) | ||||||||
| (Unaudited) | (Audited) | |||||||
| June 30, | December 31, | |||||||
| 2026 | 2025 | |||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 9,448 | $ | 2,169 | ||||
| Restricted Cash | 4 | 240 | ||||||
| Clinical trial services asset | 504 | - | ||||||
| Trade receivables, net of credit losses of | 7,861 | 6,138 | ||||||
| Prepaid expenses and other current assets | 1,979 | 1,528 | ||||||
| Inventories | 6,151 | 5,732 | ||||||
| Total current assets | 25,947 | 15,807 | ||||||
| Restricted cash and other long term assets | 488 | 209 | ||||||
| Clinical trial services asset | 378 | - | ||||||
| Operating lease right-of-use assets | 2,473 | 1,544 | ||||||
| Property and equipment, net | 527 | 585 | ||||||
| Intangible Assets | 432 | - | ||||||
| Goodwill | 4,755 | 4,755 | ||||||
| Total assets | $ | 35,000 | $ | 22,900 | ||||
| Liabilities and equity | ||||||||
| Current liabilities | ||||||||
| Trade payables | 6,135 | 5,590 | ||||||
| Current maturities of operating leases | 743 | 425 | ||||||
| Convertible promissory note | - | 2,803 | ||||||
| Other current liabilities | 4,281 | 3,221 | ||||||
| Total current liabilities | 11,159 | 12,039 | ||||||
| Non-current operating leases | 1,813 | 1,159 | ||||||
| Convertible promissory notes, net | 4,432 | - | ||||||
| Financing liabilities | 4,083 | - | ||||||
| Other long-term liabilities | 1,297 | 1,294 | ||||||
| Shareholders’ equity | 12,216 | 8,408 | ||||||
| Total liabilities and equity | $ | 35,000 | $ | 22,900 | ||||
| Lifeward Ltd. And subsidiaries | ||||||||
| Condensed Consolidated Statements of Cash Flows | ||||||||
| (Unaudited) | ||||||||
| Six Months Ended | ||||||||
| June 30, | ||||||||
| 2026 | 2025 | |||||||
| Net cash used in operating activities | $ | (9,680 | ) | $ | (9,429 | ) | ||
| Net cash provided by (used in) investing activities | 6,472 | (5 | ) | |||||
| Net cash provided by financing activities | 10,505 | 7,779 | ||||||
| Effect of Exchange rate changes on cash, cash equivalents and restricted cash | 12 | 70 | ||||||
| Increase (decrease) in cash, cash equivalents, and restricted cash | 7,309 | (1,585 | ) | |||||
| Cash, cash equivalents, and restricted cash at beginning of period | 2,579 | 7,108 | ||||||
| Cash, cash equivalents, and restricted cash at end of period | $ | 9,888 | $ | 5,523 | ||||
| Lifeward Ltd. And subsidiaries | ||||||||||||||||
| (Unaudited) | ||||||||||||||||
| (In thousand) | ||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
| June 30, | June 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Revenues based on customer’s location: | ||||||||||||||||
| United States | $ | 4,063 | $ | 3,062 | $ | 6,424 | $ | 6,271 | ||||||||
| Europe | 1,053 | 693 | 1,757 | 1,473 | ||||||||||||
| Germany | 1,134 | 1,410 | 1,831 | 1,966 | ||||||||||||
| Asia - Pacific | 235 | 124 | 287 | 166 | ||||||||||||
| Rest of the world | 138 | 435 | 247 | 882 | ||||||||||||
| Total Revenues | $ | 6,623 | $ | 5,724 | $ | 10,546 | $ | 10,758 | ||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
| June 30, | June 30, | |||||||||||||||
| Dollars in thousands, except per share data | 2026 | 2025 | 2026 | 2025 | ||||||||||||
| GAAP net loss | $ | (11,519 | ) | $ | (6,562 | ) | $ | (22,312 | ) | $ | (11,396 | ) | ||||
| Adjustments: | ||||||||||||||||
| Amortization of intangible assets | 10 | - | 10 | - | ||||||||||||
| Non-cash acquired in-process R&D expense | - | - | 4,947 | - | ||||||||||||
| Oramed transaction-related expenses | - | - | 619 | - | ||||||||||||
| Other income related to the settlement of the post closing statement for the acquisition of AlterG | (142 | ) | - | (142 | ) | - | ||||||||||
| Restructuring | 244 | 700 | 244 | 700 | ||||||||||||
| Remeasurement of earnout liability | - | (608 | ) | - | (608 | ) | ||||||||||
| Impairment charges | - | 2,783 | - | 2,783 | ||||||||||||
| Stock-based compensation expenses | 262 | 182 | 439 | 402 | ||||||||||||
| Non-cash amortization of debt discount associated with the convertible notes and warrants | 153 | - | 958 | - | ||||||||||||
| Fair value remeasurement of warrant and derivative liabilities | 6,912 | - | 6,387 | - | ||||||||||||
| Non-GAAP net loss | $ | (4,080 | ) | $ | (3,505 | ) | $ | (8,850 | ) | $ | (8,119 | ) | ||||
| Weighted average shares used in computing net loss per share (*) | 2,796,621 | 935,785 | 2,210,280 | 904,881 | ||||||||||||
| Non-GAAP net loss per share | $ | (1.46 | ) | $ | (3.75 | ) | $ | (4.00 | ) | $ | (8.97 | ) | ||||
| (*) All share and per share amounts presented in this note have been retroactively adjusted to reflect the Company’s 1-for-12 reverse share split effected on February 24, 2026. | ||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||
| June 30, | June 30, | June 30, | June 30, | |||||||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||||||||||
| Dollars in thousands | $ | % of revenue | $ | % of revenue | $ | % of revenue | $ | % of revenue | ||||||||||||||||||||||
| GAAP operating loss | $ | (4,152 | ) | (62.7 | )% | $ | (6,563 | ) | (114.7 | )% | $ | (14,491 | ) | (137.4 | )% | $ | (11,416 | ) | (106.1 | )% | ||||||||||
| Amortization of intangible assets | 10 | 0.2 | % | - | - | 10 | 0.1 | % | - | - | ||||||||||||||||||||
| Non-cash acquired in-process R&D expense | - | - | - | - | 4,947 | 46.9 | % | - | - | |||||||||||||||||||||
| Oramed transaction-related expenses | - | - | - | - | 619 | 5.9 | % | - | - | |||||||||||||||||||||
| Other income related to the settlement of the post closing statement for the acquisition of AlterG | (142 | ) | (2.1 | )% | - | - | (142 | ) | (1.3 | )% | - | - | ||||||||||||||||||
| Restructuring | 244 | 3.7 | % | 700 | 12.2 | % | 244 | 2.3 | % | 700 | 6.5 | % | ||||||||||||||||||
| Remeasurement of earnout liability | - | - | (608 | ) | (10.6 | )% | - | - | (608 | ) | (5.7 | )% | ||||||||||||||||||
| Impairment charges | - | - | 2,783 | 48.6 | % | - | - | 2,783 | 25.9 | % | ||||||||||||||||||||
| Stock-based compensation expenses | 262 | 4.0 | % | 182 | 3.2 | % | 439 | 4.2 | % | 402 | 3.7 | % | ||||||||||||||||||
| Non-GAAP operating loss | $ | (3,778 | ) | (56.9 | )% | $ | (3,506 | ) | (61.3 | )% | $ | (8,374 | ) | (79.3 | )% | $ | (8,139 | ) | (75.7 | )% | ||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||
| June 30, | June 30, | June 30, | June 30, | |||||||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||||||||||
| Dollars in thousands | $ | % of revenue | $ | % of revenue | $ | % of revenue | $ | % of revenue | ||||||||||||||||||||||
| GAAP gross profit | $ | 2,709 | 40.9 | % | $ | 2,511 | 43.9 | % | $ | 4,051 | 38.4 | % | $ | 4,633 | 43.1 | % | ||||||||||||||
| Adjustments: | ||||||||||||||||||||||||||||||
| Stock-based compensation expenses | 1 | - | 4 | 0.1 | % | 6 | 0.1 | % | 7 | 0.1 | % | |||||||||||||||||||
| Non-GAAP gross profit | $ | 2,710 | 40.9 | % | $ | 2,515 | 44.0 | % | $ | 4,057 | 38.5 | % | $ | 4,640 | 43.2 | % | ||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||
| June 30, | June 30, | June 30, | June 30, | |||||||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||||||||||
| Dollars in thousands | $ | % of revenue | $ | % of revenue | $ | % of revenue | $ | % of revenue | ||||||||||||||||||||||
| GAAP research & development | $ | 1,754 | 26.5 | % | $ | 767 | 13.4 | % | $ | 7,599 | 72.1 | % | $ | 1,685 | 15.7 | % | ||||||||||||||
| Adjustments: | ||||||||||||||||||||||||||||||
| Amortization of intangible assets | (10 | ) | (0.2 | )% | - | - | (10 | ) | (0.1 | )% | - | - | ||||||||||||||||||
| Non-cash acquired in-process R&D expense | - | - | - | - | (4,947 | ) | (46.9 | )% | - | - | ||||||||||||||||||||
| Stock-based compensation expenses | (37 | ) | (0.6 | )% | (37 | ) | (0.6 | )% | (74 | ) | (0.7 | )% | (73 | ) | (0.7 | )% | ||||||||||||||
| Non-GAAP research & development | $ | 1,707 | 25.7 | % | $ | 730 | 12.8 | % | $ | 2,568 | 24.4 | % | $ | 1,612 | 15.0 | % | ||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||
| June 30, | June 30, | June 30, | June 30, | |||||||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||||||||||
| Dollars in thousands | $ | % of revenue | $ | % of revenue | $ | % of revenue | $ | % of revenue | ||||||||||||||||||||||
| GAAP sales & marketing | $ | 3,531 | 53.3 | % | $ | 3,785 | 66.1 | % | $ | 6,802 | 64.5 | % | $ | 7,622 | 70.8 | % | ||||||||||||||
| Adjustments: | ||||||||||||||||||||||||||||||
| Restructuring | (244 | ) | (3.7 | )% | (277 | ) | (4.8 | )% | (244 | ) | (2.3 | )% | (277 | ) | (2.6 | )% | ||||||||||||||
| Stock-based compensation expenses | (5 | ) | (0.1 | )% | (56 | ) | (1.0 | )% | (63 | ) | (0.6 | )% | (138 | ) | (1.3 | )% | ||||||||||||||
| Non-GAAP sales & marketing | $ | 3,282 | 49.5 | % | $ | 3,452 | 60.3 | % | $ | 6,495 | 61.6 | % | $ | 7,207 | 66.9 | % | ||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||
| June 30, | June 30, | June 30, | June 30, | |||||||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||||||||||
| Dollars in thousands | $ | % of revenue | $ | % of revenue | $ | % of revenue | $ | % of revenue | ||||||||||||||||||||||
| GAAP general & administrative | $ | 1,576 | 23.8 | % | $ | 1,739 | 30.4 | % | $ | 4,141 | 39.3 | % | $ | 3,959 | 36.8 | % | ||||||||||||||
| Adjustments: | ||||||||||||||||||||||||||||||
| Other income related to the settlement of the post closing statement for the acquisition of AlterG | 142 | 2.1 | % | - | - | 142 | 1.3 | % | - | - | ||||||||||||||||||||
| Oramed transaction-related expenses | - | - | - | - | (619 | ) | (5.9 | )% | - | - | ||||||||||||||||||||
| Restructuring | - | - | (423 | ) | (7.4 | )% | - | - | (423 | ) | (3.9 | )% | ||||||||||||||||||
| Remeasurement of earnout liability | - | - | 608 | 10.6 | % | - | - | 608 | 5.7 | % | ||||||||||||||||||||
| Stock-based compensation expenses | (219 | ) | (3.3 | )% | (85 | ) | (1.5 | )% | (296 | ) | (2.8 | )% | (184 | ) | (1.7 | )% | ||||||||||||||
| Non-GAAP general & administrative | $ | 1,499 | 22.6 | % | $ | 1,839 | 32.1 | % | $ | 3,368 | 31.9 | % | $ | 3,960 | 36.9 | % | ||||||||||||||
