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ReWalk Robotics ReWalk Robotics Reports Second Quarter 2021 Financial Results August 9 , 2021 11:00 AM EDT - Second Quarter 2021 Total Revenue o $$ 1.4 million - Second quarter 2021 marks the fourth consecutive quarter over quarter growth - Strong balance sheet with $ 64.2 million in cash , as of June 30 , 2021- MARLBOROUGH , Mass . and BERLIN and YOKNEAM ILIT , Israel , Aug. 09 , 2021 ( GLOBE NEWSWIRE ) -- ReWalk Robotics Ltd. ( Nasdaq : RWLK ) ( " ReWalk " or the " Company " ) today announced its financial results for the three and six months ended June 30 , 2021 . Highlights of and subsequent to the second quarter of 2021 include : • Total revenue in the second quarter of 2021 was $ 1.4 million ; • Second quarter 2021 marks the fourth consecutive quarter over quarter growth ; • Gross margin was 51 % in the second quarter of 2021 ; • Total operating expenses were $ 3.9 million in the second quarter of 2021 ; • Cash position remains strong with $ 64.2 million ; • Additional five BKK partners have joined the operating contract in Germany and • Jeannine Lynch will join the Company as its VP of strategy and market access on August 31 , 2021 . " The second quarter results reflect the ongoing reopening of the markets . We are now able to trial many new individuals who had been waiting and filled our pipeline during the pandemic , " said Larry Jasinski , ReWalk's Chief Executive Officer . " Our focus on achieving broader coverage in Europe and the United States has also been encouraging . We are expanding our resources in order to achieve these goals and to have a market leading and experienced team for implementation as they occur . " Second Quarter 2021 Financial Results Total revenue was $ 1.4 million in the second quarter of 2021 , compared to $ 1.7 million during the second quarter of the prior year . The decrease is mainly due to the lower number of ReWalk Personal 6.0 units sold in Germany offset with higher revenues from Myolyn and ReStore transactions . Gross margin was 51 % during the second quarter of 2021 , compared to 61 % in the second quarter of 2020. The decrease is mainly due to the change in sales mix as well as service costs . Total operating expenses in the second quarter of 2021 were $ 3.9 million , compared to $ 3.6 million in the second quarter of the prior year . The increase is due to higher SG & A employee and employee related expenses . Net loss was $ 3.1 million for the second quarter of 2021 , compared to a net loss of $ 2.9 million in the second quarter of the prior year . Non - GAAP net loss was $ 2.9 million in the second quarter of 2021 , compared to $ 2.7 million during the second 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 June 30 , 2021 , ReWalk had $ 64.2 million in cash on its balance sheet . Conference Call ReWalk management will host its second quarter 2021 conference call as follows : Date Time Telephone Access code International : U.S : Israel : Germany : Webcast ( live , listen - only and archive ) Monday , August 9 , 2021 8:30 AM EDT ( 844 ) 423-9889 ( 716 ) 247-5804 18 09 31 53 62 08 00 18 15 287 8287612 www.rewalk.com under the " Investors " section . The archived webcast will be available via the following URL https://edge.media-server.com/mmc/p/4oshitui or through the ' Investors ' section ' on