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Stocks · Health care · Surgical & Medical Instruments & Apparatus

Brainsway Ltd.

BWAY Clue Score57
Israel CIK 0001505065
$11.77 +2.62% Close, 9 Oct 2026
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Price $11.77 +49.27% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 17 Apr 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue11.1Operating income−6.6Net income−7.1Fiscal year 2018Revenue16.4 +47.1%Operating income−5.1Net income−6.5Fiscal year 2019Revenue23.1 +40.9%Operating income−8.5Net income−10.3Fiscal year 2020Revenue22.1 −4.5%Operating income−4.8Net income−5.4Fiscal year 2021Revenue29.7 +34.5%Operating income−5.0Net income−6.5EPS, diluted−0.21Fiscal year 2022Revenue27.2 −8.4%Operating income−12.7Net income−13.3EPS, diluted−0.40Fiscal year 2023Revenue31.8 +17.0%Operating income−5.0Net income−4.2EPS, diluted−0.13Fiscal year 2024Revenue41.0 +29.0%Operating income1.4Net income2.9EPS, diluted0.05
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue 11.1 16.4 23.1 22.1 29.7 27.2 31.8 41.0
Growth +47.1% +40.9% −4.5% +34.5% −8.4% +17.0% +29.0%
Operating income −6.6 −5.1 −8.5 −4.8 −5.0 −12.7 −5.0 1.4
Net income −7.1 −6.5 −10.3 −5.4 −6.5 −13.3 −4.2 2.9
Growth
EPS, diluted n/a n/a n/a n/a −0.21 −0.40 −0.13 0.05
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin76.7%Operating margin−59.3%Net margin−63.3%Free cash flow margin−39.9%Fiscal year 2018Gross margin78.1%Operating margin−31.2%Net margin−39.5%Free cash flow margin−35.0%Fiscal year 2019Gross margin77.8%Operating margin−36.7%Net margin−44.7%Free cash flow margin−45.7%Fiscal year 2020Gross margin77.1%Operating margin−21.9%Net margin−24.4%Free cash flow margin−17.7%Fiscal year 2021Gross margin77.7%Operating margin−16.9%Net margin−21.8%Free cash flow margin−4.6%Fiscal year 2022Gross margin73.8%Operating margin−46.7%Net margin−49.1%Fiscal year 2023Gross margin73.9%Operating margin−15.6%Net margin−13.2%Fiscal year 2024Gross margin74.6%Operating margin3.4%Net margin7.1%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Gross margin 76.7% 78.1% 77.8% 77.1% 77.7% 73.8% 73.9% 74.6%
Operating margin −59.3% −31.2% −36.7% −21.9% −16.9% −46.7% −15.6% 3.4%
Net margin −63.3% −39.5% −44.7% −24.4% −21.8% −49.1% −13.2% 7.1%
Free cash flow margin −39.9% −35.0% −45.7% −17.7% −4.6% n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow−3.5Capital expenditure−1.0Free cash flow−4.5Fiscal year 2018Operating cash flow−3.8Capital expenditure−2.0Free cash flow−5.7Fiscal year 2019Operating cash flow−7.2Capital expenditure−3.3Free cash flow−10.6Fiscal year 2020Operating cash flow−1.4Capital expenditure−2.5Free cash flow−3.9Fiscal year 2021Operating cash flow0.9Capital expenditure−2.2Free cash flow−1.4Fiscal year 2022Operating cash flow−9.8Fiscal year 2023Operating cash flow1.3Fiscal year 2024Operating cash flow10.3
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Operating cash flow −3.5 −3.8 −7.2 −1.4 0.9 −9.8 1.3 10.3
Capital expenditure −1.0 −2.0 −3.3 −2.5 −2.2 n/a n/a n/a
Free cash flow −4.5 −5.7 −10.6 −3.9 −1.4 n/a n/a n/a
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash14.5Shareholders’ equity12.7Fiscal year 2018Cash9.0Total debt2.1Net cash (debt)6.9Shareholders’ equity7.0Debt to equity0.30Fiscal year 2019Cash21.7Shareholders’ equity24.2Fiscal year 2020Cash17.0Shareholders’ equity19.6Fiscal year 2021Cash16.9Shareholders’ equity57.3Fiscal year 2022Cash47.6Shareholders’ equity45.4Fiscal year 2023Cash10.5Shareholders’ equity41.6Fiscal year 2024Cash69.3Shareholders’ equity62.3
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash 14.5 9.0 21.7 17.0 16.9 47.6 10.5 69.3
Total debt n/a 2.1 n/a n/a n/a n/a n/a n/a
Net cash (debt) n/a 6.9 n/a n/a n/a n/a n/a n/a
Shareholders’ equity 12.7 7.0 24.2 19.6 57.3 45.4 41.6 62.3
Debt to equity n/a 0.30 n/a n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2024 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024
Revenue and profit
11.1 16.4 23.1 22.1 29.7 27.2 31.8 41.0
Growth +47.1% +40.9% −4.5% +34.5% −8.4% +17.0% +29.0%
2.6 3.6 5.1 5.1 6.6 7.1 8.3 10.4
8.6 12.8 18.0 17.0 23.1 20.0 23.5 30.6
Growth +49.8% +40.3% −5.4% +35.6% −13.1% +17.1% +30.3%
5.3 6.2 7.9 5.8 6.4 7.7 6.7 7.2
3.5 3.4 5.3 4.7 5.8 6.9 5.3 5.8
−6.6 −5.1 −8.5 −4.8 −5.0 −12.7 −5.0 1.4
Growth
−6.9 −6.3 −9.9 −5.1 −6.4 −13.0 −3.9 3.5
0.2 0.2 0.4 0.2 0.0 0.3 0.3 0.5
−7.1 −6.5 −10.3 −5.4 −6.5 −13.3 −4.2 2.9
Growth
Per share
n/a n/a n/a n/a −0.21 −0.40 −0.13 0.09
n/a n/a n/a n/a −0.21 −0.40 −0.13 0.05
Growth
14.8 16.6 20.5 22.5 31.2 33.0 33.2 34.0

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 12.2% a year over five years.
  • Operating margin is up 40.1 points on five years ago, at 3.4%.
  • A net loss in 7 of 8 years on file.