Significant Revenue Growth
BrainsWay reported $11.5 million in revenue for Q1 2025, marking a 27% increase year-over-year.
Increased System Shipments
The company shipped 81 Deep TMS systems, a 42% increase compared to the first quarter of 2024.
Strong Backlog and Future Visibility
BrainsWay has a backlog and remaining performance obligation totaling nearly $60 million, indicating clear visibility into future growth.
Clinical Advancements
The first TMS therapy approved for OCD and the first TMS device cleared by the FDA for anxious depression. Over 60% positive response rate for OCD patients.
Solid Financial Performance
Reported gross margin of 75%, increased operating income, and adjusted EBITDA margin, with positive cash flow from operations.
Positive Financial Guidance
Reiterating full-year 2025 financial guidance of $49 million to $51 million in revenue, representing 20% to 24% growth over 2024.