Shekel Brainweigh Narrows Losses Amidst Stability
Company Announcements

Shekel Brainweigh Narrows Losses Amidst Stability

Shekel Brainweigh Ltd. (AU:SBW) has released an update.

Shekel Brainweigh Ltd. reports a slight decrease in revenues by 0.17% and a significant reduction in losses by 76.33% for the half-year ended June 30, 2024. The company attributes the decrease in losses to an increase in gross margin and a reduction in operating expenses, despite no revenue growth due to decreased sales to the medical device markets. Net tangible assets per share also experienced a decline compared to the previous year.

For further insights into AU:SBW stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App