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Lifeward Ltd. (LFWD) 10-Year Financial Performance & Capital Metrics

LFWD • • Industrial / General
HealthcareMedical DevicesOrthopedic & Musculoskeletal DevicesJoint Reconstruction & Orthopedic Implants
AboutLifeward Ltd. is a medical device company, which engages in the design, development and marketing of wearable robotic exoskeletons. The firm's exoskeletons provide hip and knee motion to enable individuals with spinal cord injury (SCI) to stand upright, walk, turn, and climb and descend stairs. Its products include ReWalk Exo-Suit and ReWalk Personal 6.0. The company was founded by Amit Goffer on June 20, 2001 and is headquartered in Marlborough, MA.Show more
  • Revenue $26M +85.2%
  • EBITDA -$16M +27.8%
  • Net Income -$29M -30.8%
  • EPS (Diluted) -3.33 -28.6%
  • Gross Margin 32.02% -0.4%
  • EBITDA Margin -61.22% +61.0%
  • Operating Margin -76.19% +55.3%
  • Net Margin -112.78% +29.4%
  • ROE -88.56% -129.4%
  • ROIC -88.57% +46.2%
  • Debt/Equity 0.05 +14.1%
  • Interest Coverage -152.76 +87.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong 5Y sales CAGR of 39.4%
  • ✓Trading at only 0.3x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y39.41%
3Y62.63%
TTM-2.02%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-54.61%

EPS CAGR

10Y-
5Y-
3Y-
TTM-57.31%

ROCE

10Y Avg-87.04%
5Y Avg-40.71%
3Y Avg-39.17%
Latest-54.57%

Peer Comparison

Joint Reconstruction & Orthopedic Implants
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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TTM Growth
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Momentum & Returns
Total Return (DRIP)
Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
SYKStryker Corporation136.07B355.8245.8510.23%12.07%13.51%2.56%0.68
SNNSmith & Nephew plc13.54B31.9033.944.7%6.88%14.44%4.48%0.63
ZBHZimmer Biomet Holdings, Inc.17.51B88.3419.943.85%10.05%6.31%6.53%0.50
CNMDCONMED Corporation1.24B40.039.405%4.75%6.35%12.41%0.94
DHAIDIH Holding US, Inc.6.7K0.00-0.00-2.5%-13.8%
LFWDLifeward Ltd.12.57M0.69-0.2185.24%-121.82%-233.98%0.05
ANIKAnika Therapeutics, Inc.137.72M9.55-2.49-0.73%-40.83%-22.5%0.17
SNWVSANUWAVE Health, Inc.245.02M28.57-4.0659.99%-17.06%0.8%

Profit & Loss

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+5.87M7.75M6.54M4.87M4.39M5.97M5.51M13.85M25.66M
Revenue Growth %-0.32%-0.16%-0.26%-0.1%0.36%-0.08%1.51%0.85%
Cost of Goods Sold+5.13M4.65M3.72M2.15M2.2M3.06M3.61M9.4M17.45M
COGS % of Revenue0.87%0.6%0.57%0.44%0.5%0.51%0.65%0.68%0.68%
Gross Profit+736K3.1M2.83M2.73M2.19M2.9M1.91M4.45M8.22M
Gross Margin %0.13%0.4%0.43%0.56%0.5%0.49%0.35%0.32%0.32%
Gross Profit Growth %-3.21%-0.09%-0.04%-0.2%0.33%-0.34%1.34%0.85%
Operating Expenses+31.18M25.09M22.04M16.77M14.19M15.56M21.01M28.07M27.77M
OpEx % of Revenue5.31%3.24%3.37%3.44%3.23%2.61%3.81%2.03%1.08%
Selling, General & Admin22.15M19.05M14.69M11.43M10.73M12.62M16.98M23.92M23.14M
SG&A % of Revenue3.77%2.46%2.24%2.34%2.44%2.12%3.08%1.73%0.9%
Research & Development9.03M6.04M7.35M5.35M3.46M2.94M4.03M4.15M4.63M
R&D % of Revenue1.54%0.78%1.12%1.1%0.79%0.49%0.73%0.3%0.18%
Other Operating Expenses000000000
Operating Income+-30.44M-21.99M-19.21M-14.05M-12M-12.65M-19.1M-23.61M-19.55M
Operating Margin %-5.19%-2.84%-2.94%-2.88%-2.73%-2.12%-3.47%-1.7%-0.76%
Operating Income Growth %-0.28%0.13%0.27%0.15%-0.05%-0.51%-0.24%0.17%
EBITDA+-29.75M-21.35M-18.75M-13.73M-11.72M-12.39M-18.9M-21.77M-15.71M
EBITDA Margin %-5.07%-2.75%-2.86%-2.82%-2.67%-2.08%-3.43%-1.57%-0.61%
EBITDA Growth %-0.28%0.12%0.27%0.15%-0.06%-0.53%-0.15%0.28%
D&A (Non-Cash Add-back)696K642K463K321K285K266K202K1.85M3.84M
EBIT-30.52M-22.15M-19.28M-14.04M-12.02M-12.62M-19.08M-23.61M-28.77M
Net Interest Income+-2.01M-2.48M-2.42M-1.53M-930K-25K-22K1.33M515K
Interest Income0000-001.35M643K
Interest Expense2.01M2.48M2.42M1.53M930K25K22K20K128K
Other Income/Expense-2.06M-2.61M-2.47M-1.5M-921K13K01.47M-9.35M
Pretax Income+-32.5M-24.6M-21.68M-15.54M-12.93M-12.64M-19.1M-22.14M-28.9M
Pretax Margin %-5.54%-3.17%-3.31%-3.19%-2.94%-2.12%-3.47%-1.6%-1.13%
Income Tax+3K119K-5K7K51K94K467K-12K43K
Effective Tax Rate %1%1%1%1%1%1.01%1.02%1%1%
Net Income+-32.5M-24.72M-21.68M-15.55M-12.98M-12.74M-19.57M-22.13M-28.94M
Net Margin %-5.54%-3.19%-3.31%-3.19%-2.95%-2.13%-3.55%-1.6%-1.13%
Net Income Growth %-0.24%0.12%0.28%0.17%0.02%-0.54%-0.13%-0.31%
Net Income (Continuing)-32.5M-24.72M-21.68M-15.55M-12.98M-12.74M-19.57M-22.13M-28.94M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)+-431.63-213.98-103.04-18.90-5.74-1.86-2.20-2.59-3.33
EPS Growth %-0.5%0.52%0.82%0.7%0.68%-0.18%-0.18%-0.29%
EPS (Basic)-431.63-213.98-103.04-18.90-5.74-1.86-2.20-2.59-3.33
Diluted Shares Outstanding75.3K115.51K210.36K823.33K2.25M6.85M8.91M8.53M8.69M
Basic Shares Outstanding75.3K115.51K210.36K823.33K2.25M6.85M8.91M8.53M8.69M
Dividend Payout Ratio---------

Balance Sheet

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+29.49M20.94M13.24M21.07M25.25M92.52M72.51M39.22M21.29M
Cash & Short-Term Investments23.68M14.57M9.55M16.25M20.35M88.34M67.9M28.08M6.94M
Cash Only23.68M14.57M9.55M16.25M20.35M88.34M67.9M28.08M6.94M
Short-Term Investments000000000
Accounts Receivable1.25M1.1M758K794K684K585K1.04M3.12M6M
Days Sales Outstanding77.9951.9342.2759.4756.8335.7968.6282.285.39
Inventory3.26M4.28M2.61M3.37M3.54M2.99M2.93M5.65M6.72M
Days Inventory Outstanding232.1335.58256.19572.75586.58356.18296.47219.48140.65
Other Current Assets936K649K167K339K120K270K233K1M578K
Total Non-Current Assets+2.28M1.93M1.73M3.3M2.82M2.23M1.73M23.97M9.19M
Property, Plant & Equipment1.26M840K626K2.24M1.79M1.17M1.03M3.12M1.42M
Fixed Asset Turnover4.67x9.23x10.46x2.18x2.46x5.12x5.34x4.44x18.14x
Goodwill00000007.54M7.54M
Intangible Assets000000012.53M0
Long-Term Investments0856K801K739K704K713K659K709K362K
Other Non-Current Assets1.02M229K298K322K329K351K35K75K-122K
Total Assets+31.76M22.86M14.96M24.37M28.07M94.75M74.24M63.19M30.49M
Asset Turnover0.18x0.34x0.44x0.20x0.16x0.06x0.07x0.22x0.84x
Asset Growth %--0.28%-0.35%0.63%0.15%2.38%-0.22%-0.15%-0.52%
Total Current Liabilities+12.4M9.73M5.38M10.17M4.67M4.04M4.78M11.79M10.22M
Accounts Payable3.42M1.81M2.33M2.7M2.27M1.38M1.95M5.07M5.02M
Days Payables Outstanding243.48142.09228.42458.67375.6164.92197.38196.81105.06
Short-Term Debt7.5M6.44M1.72M6.08M0000858K
Deferred Revenue (Current)54K123K237K323K441K316K301K1000K1000K
Other Current Liabilities406K480K445K402K432K555K685K1.89M1.76M
Current Ratio2.38x2.15x2.46x2.07x5.41x22.91x15.16x3.33x2.08x
Quick Ratio2.12x1.71x1.97x1.74x4.65x22.17x14.55x2.85x1.43x
Cash Conversion Cycle66.61245.4170.04173.55267.82227.05167.71104.87120.98
Total Non-Current Liabilities+11.11M9.43M7.63M3.42M1.63M1.33M1.29M4.89M1.41M
Long-Term Debt10.52M8.91M6.96M1.53M00000
Capital Lease Obligations0001.31M923K418K333K607K22K
Deferred Tax Liabilities000000000
Other Non-Current Liabilities303K256K239K61K35K45K66K2.77M67K
Total Liabilities23.5M19.16M13.02M13.59M6.29M5.37M6.07M16.68M11.64M
Total Debt+18.01M15.35M8.69M8.92M1.58M1.06M897K1.9M880K
Net Debt-5.67M785K-859K-7.34M-18.77M-87.28M-67M-26.18M-6.06M
Debt / Equity2.18x4.14x4.47x0.83x0.07x0.01x0.01x0.04x0.05x
Debt / EBITDA---------
Net Debt / EBITDA---------
Interest Coverage-15.14x-8.86x-7.93x-9.18x-12.91x-506.20x-868.27x-1180.60x-152.76x
Total Equity+8.26M3.71M1.95M10.78M21.77M89.38M68.17M46.51M18.85M
Equity Growth %--0.55%-0.48%4.54%1.02%3.11%-0.24%-0.32%-0.59%
Book Value per Share109.6932.099.2513.099.6713.057.655.452.17
Total Shareholders' Equity8.26M3.71M1.95M10.78M21.77M89.38M68.17M46.51M18.85M
Common Stock45K84K193K504K1.83M4.66M4.49M4.49M4.59M
Retained Earnings-106.49M-131.22M-152.92M-168.47M-181.44M-194.18M-213.75M-235.88M-264.82M
Treasury Stock000000-2.43M-3.2M-3.2M
Accumulated OCI000000000
Minority Interest000000000

Cash Flow

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-27.54M-22.5M-14.77M-14.81M-12.59M-11.47M-17.89M-20.67M-21.72M
Operating CF Margin %-4.69%-2.9%-2.26%-3.04%-2.87%-1.92%-3.25%-1.49%-0.85%
Operating CF Growth %-0.18%0.34%-0%0.15%0.09%-0.56%-0.16%-0.05%
Net Income-32.5M-24.72M-21.68M-15.55M-12.98M-12.74M-19.57M-22.13M-28.94M
Depreciation & Amortization696K642K463K321K285K266K202K1.85M3.84M
Stock-Based Compensation0001.11M749K833K993K1.33M1.28M
Deferred Taxes-5K73K-107K-57K-44K-29K316K-45K0
Other Non-Cash Items4.53M7.42M2.3M0-392K079K-326K7.08M
Working Capital Changes210K-2.59M2.96M-636K-211K197K88K-1.34M-4.97M
Change in Receivables892K151K322K-36K110K99K-408K-311K-2.88M
Change in Inventory-911K-582K1.4M-1.22M-469K432K-117K-277K-920K
Change in Payables950K-1.61M492K370K-506K-884K566K1.04M-47K
Cash from Investing+-437K-21K-13K-22K-73K-47K-25K-18.15M0
Capital Expenditures-452K-21K-13K-22K-73K-47K-25K-81K0
CapEx % of Revenue0.08%0%0%0%0.02%0.01%0%0.01%-
Acquisitions---------
Investments---------
Other Investing000000000
Cash from Financing+33.78M13.41M9.71M21.48M16.72M79.51M-2.5M-992K0
Debt Issued (Net)---------
Equity Issued (Net)---------
Dividends Paid000000000
Share Repurchases---------
Other Financing-501K38K011.39M4.22M15.06M000
Net Change in Cash---------
Free Cash Flow+-27.99M-22.52M-14.79M-14.84M-12.66M-11.52M-17.92M-20.75M-21.72M
FCF Margin %-4.77%-2.9%-2.26%-3.04%-2.88%-1.93%-3.25%-1.5%-0.85%
FCF Growth %-0.2%0.34%-0%0.15%0.09%-0.56%-0.16%-0.05%
FCF per Share-371.69-194.95-70.29-18.02-5.62-1.68-2.01-2.43-2.50
FCF Conversion (FCF/Net Income)0.85x0.91x0.68x0.95x0.97x0.90x0.91x0.93x0.75x
Interest Paid1.3M2.3M1.5M1.5M862K001.34M0
Taxes Paid45K21K25K21K13K40K113K126K0

Key Ratios

Metric201620172018201920202021202220232024
Return on Equity (ROE)-393.5%-413.09%-766.99%-244.42%-79.72%-22.92%-24.84%-38.6%-88.56%
Return on Invested Capital (ROIC)-879.8%-465.47%-516.69%-465.17%-279.12%-371.33%-875.97%-164.77%-88.57%
Gross Margin12.54%40%43.16%55.94%49.83%48.66%34.57%32.14%32.02%
Net Margin-553.81%-318.81%-331.17%-319.13%-295.38%-213.48%-355.09%-159.76%-112.78%
Debt / Equity2.18x4.14x4.47x0.83x0.07x0.01x0.01x0.04x0.05x
Interest Coverage-15.14x-8.86x-7.93x-9.18x-12.91x-506.20x-868.27x-1180.60x-152.76x
FCF Conversion0.85x0.91x0.68x0.95x0.97x0.90x0.91x0.93x0.75x
Revenue Growth-32.1%-15.58%-25.55%-9.85%35.81%-7.63%151.39%85.24%

Revenue by Segment

2024
Product19.92M
Product Growth-

Revenue by Geography

2024
United States14.43M
United States Growth-
Europe9.55M
Europe Growth-
Rest Of World867K
Rest Of World Growth-
Asia Pacific825K
Asia Pacific Growth-

Frequently Asked Questions

Growth & Financials

Lifeward Ltd. (LFWD) reported $24.5M in revenue for fiscal year 2024. This represents a 317% increase from $5.9M in 2016.

Lifeward Ltd. (LFWD) grew revenue by 85.2% over the past year. This is strong growth.

Lifeward Ltd. (LFWD) reported a net loss of $29.8M for fiscal year 2024.

Dividend & Returns

Lifeward Ltd. (LFWD) has a return on equity (ROE) of -88.6%. Negative ROE indicates the company is unprofitable.

Lifeward Ltd. (LFWD) had negative free cash flow of $17.2M in fiscal year 2024, likely due to heavy capital investments.

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