The chart below shows how BWAY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BWAY sees a +5.89% change in stock price 10 days leading up to the earnings, and a +6.51% change 10 days following the report. On the earnings day itself, the stock moves by -3.13%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Quarterly Revenue Increase: Revenue for the third quarter of 2024 was $10.5 million, a 26% increase compared to the prior year period revenue of $8.3 million.
Deep TMS System Installations: We placed 63 Deep TMS systems in the third quarter.
Installed Base Increase: Our total installed base was 1,278 systems as of September 30, 2024, compared to 1,041 systems at the same point in the prior year.
Gross Profit Comparison: Gross profit for the third quarter of 2024 was $7.7 million or a 74% gross margin, compared to $6.2 million or 74% gross margin during the prior year period.
Net Income Improvement: We recorded net income of approximately $650,000 compared to a net loss of $230,000 in the same period of 2023.
Negative
Third Quarter Revenue Increase: Revenue for the third quarter of 2024 was $10.5 million, a 26% increase compared to the prior year period revenue of $8.3 million.
Gross Profit Comparison: Gross profit for the third quarter of 2024 was $7.7 million or a 74% gross margin. This is compared to $6.2 million or 74% gross margin during the prior year period.
Marketing Expense Increase: Sales and marketing expenses were $4.1 million compared to $3.6 million for the third quarter of 2023.
R&D Expense Increase: Research and development expenses were $1.8 million compared to $1.5 million in the third quarter of 2023.
Administrative Expense Increase: General and administrative expenses for the third quarter of 2024 were $1.5 million compared to $1.2 million for the third quarter of 2023.
BrainsWay Ltd. (BWAY) Q3 2024 Earnings Call Transcript
BWAY.O
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