Mar. 11 at 12:05 PM
$BWAY
Earnings
BrainsWay reported strong financial results for Q4 and full year 2024.
The company achieved record quarterly sales of
$11.4 million in Q4 2024, up 27% from Q4 2023, and full-year revenue of
$41 million, representing a 29% year-over-year increase.
Q4 highlights include shipping 75 Deep TMS™ systems (25% increase), maintaining a 75% gross margin, and achieving operating income of
$0.4 million.
Full-year 2024 showed operating income of
$1.4 million, compared to a
$5.0 million loss in 2023, with net income of
$2.9 million.
The company secured a
$20 million strategic equity financing from Valor Equity Partners and ended 2024 with
$69.4 million in cash.
For 2025, BrainsWay projects revenue between
$49-51 million (20-24% growth) with operating income of 3-4% and Adjusted EBITDA of 11-12%.