Lifeward Ltd
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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PART I FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS LIFEWARD LTD. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (unaudited) | ||
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $10,653 | $28,083 |
| Trade receivables, net of credit losses of $193 and $328, respectively | 5,843 | 3,120 |
| Prepaid expenses and other current assets | 1,818 | 2,366 |
| Inventories | 7,300 | 5,653 |
| Total current assets | 25,614 | 39,222 |
| LONG-TERM ASSETS | ||
| Restricted cash and other long-term assets | 436 | 784 |
| Operating lease right-of-use assets | 945 | 1,861 |
| Property and equipment, net | 1,217 | 1,262 |
| Intangible assets | 10,020 | 12,525 |
| Goodwill | 7,538 | 7,538 |
| Total long-term assets | 20,156 | 23,970 |
| Total assets | $45,770 | $63,192 |
LIFEWARD LTD. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (unaudited) | ||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Trade payables | $4,992 | $5,069 |
| Employees and payroll accruals | 1,482 | 2,034 |
| Deferred revenues | 1,358 | 1,504 |
| Current maturities of operating leases liability | 936 | 1,296 |
| Earnout liability | - | 576 |
| Other current liabilities | 889 | 1,316 |
| Total current liabilities | 9,657 | 11,795 |
| LONG-TERM LIABILITIES | ||
| Earnout liability | 792 | 2,716 |
| Deferred revenues | 1,301 | 1,506 |
| Non-current operating leases liability | 45 | 607 |
| Other long-term liabilities | 82 | 58 |
| Total long-term liabilities | 2,220 | 4,887 |
| Total liabilities | 11,877 | 16,682 |
| COMMITMENTS AND CONTINGENT LIABILITIES | ||
| Shareholders’ equity: | ||
| Share capital | ||
| Ordinary share of NIS 1.75 par value-Authorized: 25,000,000 shares at September 30, 2024 and December 31, 2023; Issued: 9,380,291 and 9,161,798 shares at September 30, 2024 and December 31, 2023, respectively; Outstanding: 8,805,633 and 8,587,140 shares as of September 30, 2024 and December 31, 2023 respectively (1) | 4,589 | 4,487 |
| Additional paid-in capital | 282,054 | 281,109 |
| Treasury Shares at cost, 574,658 ordinary shares at September 30, 2024 and December 31, 2023 (1) | (3,203) | (3,203) |
| Accumulated deficit | (249,547) | (235,883) |
| Total shareholders’ equity | 33,893 | 46,510 |
| Total liabilities and shareholders’ equity | $45,770 | $63,192 |
(1) Reflects our one-for-seven reverse share split that became effective on March 15, 2024. See Note 8a to the condensed consolidated financial statements.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
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