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ReWalk Robotics ReWalk Robotics Reports First Quarter 2021 Financial Results May 11 , 2021 11:23 AM EDT ― First Quarter 2021 Total Revenue of $ 1.3 million - Strong balance sheet with $ 67.4 million in cash , as of March 31 , 2021- MARLBOROUGH , Mass . and BERLIN and YOKNEAM ILIT , Israel , May 11 , 2021 ( GLOBE NEWSWIRE ) -- ReWalk Robotics Ltd. ( Nasdaq : RWLK ) ( " ReWalk " or the " Company " ) today announced its financial results for the three months ended March 31 , 2021 . Highlights of and subsequent to the first quarter of 2021 include : • The Company's total revenue in the first quarter of 2021 was $ 1.3 million , compared to $ 0.8 million in the prior year's first quarter ; • The Company's gross margin was 54 % in Q1 of 2021 , compared to 49 % in Q1 of 2020 ; • The Company's operating expenses were $ 3.7 million in Q1 of 2021 , compared to $ 4 million in Q1 2020 ; • The Company entered into a contract with BKK Mobile Oil health insurance to supply ReWalk's Personal 6.0 System to eligible persons in Germany ; and • The Company has a strong balance sheet with $ 67.4 million in cash as of March 31 , 2021 . " We are encouraged by the results shown in the first quarter of 2021 , " said Larry Jasinski , ReWalk's Chief Executive Officer . " We see areas of our direct markets gradually reopening , which allows us to increase trials of ReWalk's new Personal 6.0 System with patients and return to in - clinic demonstrations of our rehab products for new potential users . As we look forward into 2021 , we remain focused on progressing our CMS coverage and broadening our German market access . We believe we remain on track to achieve our 2021 objectives and we have a strong cash position that allows us to explore further opportunities for growth . " First Quarter 2021 Financial Results Total revenue was $ 1.3 million the first quarter of 2021 , compared to $ 0.8 million during first quarter of the prior year . The increase is due to additional ReWalk Personal 6.0 units sold in Germany and the United States . Gross margin was 54 % during the first quarter of 2021 , compared to 49 % in the first quarter of 2020. The increase is due primarily to the higher number of units sold during the quarter as compared to the same period in the previous year . Total operating expenses in the first quarter of 2021 were $ 3.7 million , compared to $ 4 million in the first quarter of the prior year . Net loss was $ 3.1 million for the first quarter of 2021 , compared to a net loss of $ 3.8 million in the first quarter of the prior year . Non - GAAP net loss was $ 2.8 million in the first quarter of 2021 , compared to $ 3.6 million during the first quarter of the prior year . Reconciliation of net loss to non - GAAP net loss is included at the end of this press release . Liquidity As of March 31 , 2021 , ReWalk had $ 67.4 million in cash on its balance sheet . Conference Call ReWalk management will host its first quarter 2021 conference call as follows : Date Time Telephone Access code U.S : International : Israel : Germany : Tuesday , May 11 , 2021 8:30 AM EDT ( 844 ) 423-9889 ( 716 ) 247-5804 18 09 31 53 62 0800 18 15 287 5966026 www.rewalk.com under the " Investors " section . Webcast ( live , listen - only and archive ) The archived webcast will be available via the following URL https://edge.media-server.com/mmc/p/dkwioh4r or through the ' Investors ' section ' on www.rewalk.com . About ReWalk Robotics Ltd.