01:26 PM EDT, 08/15/2024 (MT Newswires) -- ReWalk Robotics ( LFWD ) shares climbed more than 16% in recent trading Thursday after the company reported that its Q2 revenue increased.

The company, doing business as Lifeward, reported an adjusted Q2 net loss Thursday of $0.42 per diluted share, compared with a loss of $0.40 a year earlier.

Analyst estimates were not available.

Revenue for the quarter ended June 30 was $6.7 million, up from $1.3 million a year earlier.

Two analysts surveyed by Capital IQ expected nearly $6.7 million.

The company said it continues to expect full-year 2024 revenue of $28 million to $32 million. Two analysts surveyed by Capital IQ expect $30.7 million.

The company said it had $15.1 million in cash and cash equivalents as of June 30.

Price: 3.60, Change: +0.50, Percent Change: +16.13