Brainsway reports Q2 EPS 2c vs (5c) last year

Reports Q2 revenue $10M vs $7.8M last year. “Market demand for our Deep TMS system continued to increase during the second quarter of 2024, driving 28% revenue growth year-over-year. In addition, we generated positive quarterly net income for the third consecutive quarter, and positive Adjusted EBITDA and cash flow from operations for the fourth consecutive quarter,” said Hadar Levy, BrainsWay’s Chief Executive Officer. “Our focus on enterprise customers continues to play a key role in our sales growth and improved margins. We believe that continuing to incorporate our technology within these large, expanding mental health groups and networks provides us with a tremendous opportunity for future profitable growth.”