Brainsway reports Q2 EPS 5c, consensus 3c

Reports Q2 revenue $12.6M, consensus $12.34M. “BrainsWay’s (BWAY) second quarter results were strong, demonstrating momentum across our core market and successful execution of our growth strategy. The stable growth in our business reflects the recurring revenue streams we have built over the past few years through multi-year agreements. These agreements now make up approximately 70% of our new installed base. Additionally, we were proud to achieve an extensive order of systems with a multi-phased delivery plan through the end of the year by a fast-growing U.S. mental health network in the western and southeastern U.S. As a result of the team’s steady focus on execution, we have been able to establish a well-known and trusted brand, while also establishing Deep TMS as the leading technology in the industry,” said Hadar Levy, BrainsWay’s Chief Executive Officer.