BWAY - BrainsWay Ltd.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$19.50
DETAILS
HIGH:
$20.00
LOW:
$19.00
MEDIAN:
$19.50
CONSENSUS:
$19.50
UPSIDE:
60.96%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 52.2 | 41.0 | 31.8 | 27.2 | 29.7 | 22.1 | 23.1 | 16.4 | 11.1 | 11.5 | 6.8 | 3.4 | 1.2 | 0.4 |
| Cost of Revenue | 12.8 | 10.4 | 8.3 | 7.1 | 6.6 | 5.1 | 5.1 | 3.6 | 2.6 | 2.4 | 1.5 | 0.7 | 0.2 | 0.0 |
| Gross Profit | 39.4 | 30.6 | 23.5 | 20.0 | 23.1 | 17.0 | 18.0 | 12.8 | 8.6 | 9.1 | 5.3 | 2.7 | 1.0 | 0.3 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 9.6 | 7.2 | 6.7 | 7.7 | 6.4 | 5.8 | 7.9 | 6.2 | 5.3 | 3.8 | 4.1 | 6.4 | 3.7 | 6.0 |
| SG&A Expenses | 25.5 | 22 | 21.6 | 25.1 | 21.7 | 16.0 | 17.7 | 11.3 | 9.3 | 6.9 | 5.5 | 3.6 | 2.1 | 1.4 |
| Other Expenses | 0 | 0 | 0.1 | 0 | 0 | 0 | 0.9 | 0.4 | 0.5 | 0.4 | 0.2 | 0.0 | (0.5) | 0 |
| Operating Expenses | 35.1 | 29.2 | 28.4 | 32.7 | 28.1 | 21.8 | 26.4 | 17.9 | 15.2 | 11.2 | 9.8 | 10.0 | 5.3 | 5.9 |
| Operating Income | ||||||||||||||
| Operating Income | 4.3 | 1.4 | (5.0) | (12.7) | (5.0) | (4.8) | (8.5) | (5.1) | (6.6) | (2.1) | (4.5) | (7.3) | (4.3) | (5.7) |
| Interest Expense | 2.2 | 1.4 | 0.3 | 0.1 | 0.1 | 0.1 | 0.5 | 0.4 | 0.1 | 0.1 | 0.0 | 0.5 | 0.3 | 0 |
| Interest Income | 5.6 | 2.5 | 2.2 | 1.1 | 0.2 | 0.1 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.3 | 0.3 |
| Profitability | ||||||||||||||
| EBITDA | 11.5 | 5.4 | (2.6) | (11.5) | (4.7) | (3.5) | (7.9) | (4.4) | (5.6) | (1.3) | (3.4) | (5.7) | (4.1) | (5.6) |
| EBIT | 9.9 | 3.6 | (3.9) | (13.0) | (6.4) | (5.1) | (9.5) | (5.9) | (6.8) | (2.0) | (4.0) | (6.0) | (4.3) | (5.7) |
| Income Before Tax | 7.7 | 3.5 | (3.9) | (13.0) | (6.4) | (5.1) | (9.9) | (6.3) | (6.9) | (2.4) | (4.1) | (6.5) | (7.1) | (5.9) |
| Income Tax Expense | 0.1 | 0.5 | 0.3 | 0.3 | 0.0 | 0.2 | 0.4 | 0.2 | 0.2 | 0 | 0 | 0 | 0.0 | 0 |
| Net Income | 7.6 | 2.9 | (4.2) | (13.3) | (6.5) | (5.4) | (10.3) | (6.5) | (7.1) | (2.4) | (4.1) | (6.5) | (7.1) | (5.9) |
| Per Share Data | ||||||||||||||
| EPS (Basic) | 0.40 | 0.09 | -0.13 | -0.43 | -0.21 | -0.24 | -0.50 | -0.39 | -0.48 | -0.17 | -0.28 | -0.46 | -0.55 | -0.49 |
| EPS (Diluted) | 0.36 | 0.09 | -0.13 | -0.43 | -0.21 | -0.24 | -0.50 | -0.39 | -0.48 | -0.17 | -0.28 | -0.46 | -0.55 | -0.49 |
| Shares Outstanding | 19.1 | 34.0 | 33.2 | 33.0 | 31.2 | 22.5 | 20.5 | 16.6 | 14.8 | 14.5 | 14.5 | 14.2 | 12.9 | 12.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||
| Cash & Cash Equivalents | 67.7 | 69.3 | 10.5 | 47.6 | 16.9 | 17.0 | 21.7 | 9.0 | 14.5 | 9.2 | 11.4 | 17.3 | 10.7 | 3.3 |
| Short-Term Investments | 1.4 | 0 | 35.5 | 0 | 40.4 | 0.2 | 0.2 | 0 | 0 | 0 | 0.6 | 1.1 | 1.5 | 1.1 |
| Net Receivables | 4.1 | 4.6 | 3.8 | 4.8 | 6.3 | 5.8 | 6.0 | 4.0 | 2.9 | 2.9 | 2.8 | 1.4 | 0.4 | 0.6 |
| Inventory | 7.1 | 4.4 | 3.7 | 3.8 | 0.2 | 0.4 | 0.3 | 0.1 | 0.3 | 0.6 | 0 | 0 | 0 | 0 |
| Other Current Assets | 4.5 | 1.3 | 0.7 | 1.8 | 0.4 | 0.2 | 0 | 1.1 | 0.5 | 0.4 | 0 | 0 | 0.4 | 4.9 |
| Total Current Assets | 84.9 | 79.7 | 55.5 | 58.1 | 65.4 | 24.3 | 28.8 | 13.5 | 17.9 | 13.1 | 14.9 | 19.8 | 13.0 | 9.9 |
| Non-Current Assets | ||||||||||||||
| Property, Plant & Equipment | 12.2 | 11.9 | 5.8 | 5.3 | 9.3 | 9.6 | 15.2 | 7.6 | 7.1 | 6.8 | 7.3 | 5.9 | 4.8 | 0.7 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Long-Term Investments | 14.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.5 | 1.6 | 1.7 | 0.8 | 1.0 | 0.2 | (5.3) | 2.5 | 2.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Non-Current Assets | 28.0 | 14.6 | 7.5 | 6.4 | 10.3 | 9.7 | 9.9 | 10.1 | 9.1 | 6.9 | 7.4 | 5.9 | 4.9 | 0.8 |
| Total Assets | 112.9 | 94.3 | 63.0 | 64.5 | 75.7 | 34.0 | 38.7 | 23.6 | 27.0 | 20.0 | 22.2 | 25.8 | 17.8 | 10.7 |
| Current Liabilities | ||||||||||||||
| Account Payables | 2.4 | 2.9 | 0.8 | 1.1 | 1.1 | 0.8 | 1.3 | 2.2 | 1.6 | 0.8 | 0.9 | 1.4 | 0.7 | 0.8 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.8 | 0 | 0.8 | 0.1 | 0.2 | 0.0 | 0 |
| Deferred Revenue | 12.2 | 5.7 | 3.5 | 1.5 | 2.2 | 1.5 | 1.3 | 1.3 | 2.4 | 1.9 | 2.7 | 2.8 | 0 | 0.0 |
| Other Current Liabilities | 0 | 2.7 | 2.1 | 2.9 | 2.1 | 1.7 | 1.9 | 2.1 | 2.9 | 1.5 | 2.7 | 2.8 | 1.7 | 0.6 |
| Total Current Liabilities | 22.2 | 15.3 | 9.8 | 8.1 | 9.1 | 6.8 | 6.7 | 8.3 | 6.1 | 4.4 | 4.9 | 5.5 | 3.2 | 1.7 |
| Non-Current Liabilities | ||||||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.1 | 2.7 | 0 | 0 | 0 | 0 | 0.0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 2.4 | 6.1 | 6.0 | 5.9 | 5.6 | 5.4 | 6.1 | 5.3 | 5.3 | 4.5 | 4.7 | 0 | 1.1 |
| Total Non-Current Liabilities | 17.5 | 16.7 | 11.6 | 10.9 | 9.3 | 7.6 | 7.8 | 8.3 | 8.2 | 5.3 | 4.5 | 4.7 | 0 | 1.1 |
| Total Liabilities | 39.7 | 32.0 | 21.4 | 19.1 | 18.4 | 14.4 | 14.5 | 16.6 | 14.3 | 9.7 | 9.3 | 10.2 | 3.2 | 2.8 |
| Stockholders' Equity | ||||||||||||||
| Common Stock | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 |
| Retained Earnings | (90.7) | (98.4) | (101.3) | (97.1) | (83.8) | (77.3) | (71.9) | (61.6) | (55.1) | (48.0) | (45.7) | (41.6) | (38.2) | (28.6) |
| Accumulated Other Comprehensive Income | (2.2) | (2.2) | (2.2) | (2.2) | (2.2) | 1.6 | (2.2) | (2.2) | (1.3) | (1.3) | (1.3) | (1.1) | 2.1 | 1.8 |
| Total Stockholders' Equity | 73.2 | 62.3 | 41.6 | 45.4 | 57.3 | 19.6 | 24.2 | 7.0 | 12.7 | 10.3 | 12.9 | 15.6 | 7.8 | 4.9 |
| Total Liabilities & Equity | 112.9 | 94.3 | 63.0 | 64.5 | 75.7 | 34.0 | 38.7 | 23.6 | 27.0 | 20.0 | 22.2 | 25.8 | 11.0 | 10.7 |
| Debt Metrics | ||||||||||||||
| Total Debt | 6.8 | 5.6 | 0.5 | 0.5 | 0.8 | 0.7 | 0.4 | 2.8 | 2.7 | 0.8 | 0.1 | 0.2 | 0.0 | 0.0 |
| Net Debt | (60.9) | (63.7) | (10.0) | (47.1) | (16.2) | (16.3) | (21.3) | (6.1) | (11.8) | (8.4) | (11.2) | (17.1) | (10.7) | (3.3) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Net Income | 7.6 | 2.9 | (4.2) | (13.3) | (6.5) | (5.4) | (10.3) | (6.5) | (7.1) | (2.4) | (4.1) | (6.5) | (7.1) | (5.9) |
| Depreciation & Amortization | 1.5 | 1.8 | 1.3 | 1.5 | 1.7 | 1.6 | 1.6 | 1.2 | 1.1 | 0.6 | 0.6 | 0.3 | 0.2 | 0.1 |
| Stock-Based Compensation | 1.2 | 1.4 | 0.4 | 1.5 | 1.9 | 0.8 | 1.3 | 0.7 | 1.0 | (0.4) | 1.4 | 1.4 | 0.4 | 0.1 |
| Change in Working Capital | 8.2 | 2.4 | 1.6 | (1.5) | 1.1 | 0.2 | (2.2) | (0.2) | 1.1 | (0.6) | (2.1) | 1.6 | 1.3 | (0.1) |
| Other Non-Cash Items | (0.5) | 1.2 | 1.9 | 1.7 | 2.7 | 1.1 | 1.9 | 0.8 | 0.2 | 0.3 | (0.4) | (0.7) | 2.9 | 0.3 |
| Operating Cash Flow | 18.2 | 10.3 | 1.3 | (9.8) | 0.9 | (1.4) | (7.2) | (3.8) | (3.5) | (2.4) | (4.6) | (3.8) | (2.4) | (5.6) |
| Investing Activities | ||||||||||||||
| Capital Expenditure | (1.8) | (3.8) | (2.4) | 0 | (2.2) | (2.5) | (3.3) | (2.0) | (1.0) | (0.4) | (2.3) | (1.5) | (4.0) | (0.3) |
| Acquisitions | 0 | 0 | 0 | 0 | 40.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (15.9) | 0 | 0 | (0.0) | (40) | 0 | (0.1) | (0.2) | (0.0) | 0 | (0.0) | (0.0) | (0.0) | 0 |
| Sales/Maturities of Investments | 0.0 | 0 | 0 | 40.3 | 0.0 | 0.0 | 1.0 | 0 | 0.5 | 0.0 | 0.5 | 0.4 | 3.4 | 0 |
| Other Investing Activities | 0 | 35.1 | (35.0) | 0 | (40.0) | 0 | 0 | 1.0 | (2) | 0.0 | 0.0 | 0.4 | 0.0 | (2.3) |
| Investing Cash Flow | (17.6) | 30.3 | (37.4) | 42.2 | (42.2) | (2.5) | (2.4) | (1.1) | (2.5) | (0.4) | (1.8) | (1.1) | (0.6) | (2.6) |
| Financing Activities | ||||||||||||||
| Net Debt Issuance | (0.8) | (0.4) | (0.3) | (0.5) | (0.5) | (0.4) | (3.4) | 0 | 2.7 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | (0.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (1.4) | 2.3 | (0.8) | (1.0) | (0.3) | (0.6) | (0.4) | (0.3) | (0.0) | 0.6 | 0.5 | 12.1 | 9.2 | 5.5 |
| Financing Cash Flow | (2.2) | 18.3 | (1.0) | (1.5) | 41.5 | (1.0) | 22.5 | (0.3) | 11.1 | 0.6 | 0.5 | 13.4 | 9.2 | 5.5 |
| Cash Position | ||||||||||||||
| Net Change in Cash | (1.7) | 58.8 | (37.1) | 30.7 | (0.0) | (4.7) | 12.7 | (5.5) | 5.3 | (2.2) | (5.9) | 6.6 | 6.3 | (2.7) |
| Cash at Beginning | 69.6 | 10.5 | 47.6 | 16.9 | 17.0 | 21.7 | 9.0 | 14.5 | 9.2 | 11.4 | 17.3 | 10.7 | 4.4 | 7.1 |
| Cash at End | 67.9 | 69.3 | 10.5 | 47.6 | 16.9 | 17.0 | 21.7 | 9.0 | 14.5 | 9.2 | 11.4 | 17.3 | 10.7 | 4.4 |
| Free Cash Flow | 16.4 | 6.5 | (1.1) | (9.8) | (1.4) | (3.9) | (10.6) | (5.7) | (4.5) | (2.8) | (6.8) | (5.3) | (6.4) | (5.9) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 52.2 | 41.0 | 31.8 | 27.2 | 29.7 | 22.1 | 23.1 | 16.4 | 11.1 | 11.5 | 6.8 | 3.4 | 1.2 | 0.4 |
| Gross Profit | 39.4 | 30.6 | 23.5 | 20.0 | 23.1 | 17.0 | 18.0 | 12.8 | 8.6 | 9.1 | 5.3 | 2.7 | 1.0 | 0.3 |
| Operating Income | 4.3 | 1.4 | (5.0) | (12.7) | (5.0) | (4.8) | (8.5) | (5.1) | (6.6) | (2.1) | (4.5) | (7.3) | (4.3) | (5.7) |
| Net Income | 7.6 | 2.9 | (4.2) | (13.3) | (6.5) | (5.4) | (10.3) | (6.5) | (7.1) | (2.4) | (4.1) | (6.5) | (7.1) | (5.9) |
| EPS (Diluted) | 0.36 | 0.09 | -0.13 | -0.43 | -0.21 | -0.24 | -0.50 | -0.39 | -0.48 | -0.17 | -0.28 | -0.46 | -0.55 | -0.49 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 67.7 | 69.3 | 10.5 | 47.6 | 16.9 | 17.0 | 21.7 | 9.0 | 14.5 | 9.2 | 11.4 | 17.3 | 10.7 | 3.3 |
| Total Assets | 112.9 | 94.3 | 63.0 | 64.5 | 75.7 | 34.0 | 38.7 | 23.6 | 27.0 | 20.0 | 22.2 | 25.8 | 17.8 | 10.7 |
| Total Debt | 6.8 | 5.6 | 0.5 | 0.5 | 0.8 | 0.7 | 0.4 | 2.8 | 2.7 | 0.8 | 0.1 | 0.2 | 0.0 | 0.0 |
| Stockholders' Equity | 73.2 | 62.3 | 41.6 | 45.4 | 57.3 | 19.6 | 24.2 | 7.0 | 12.7 | 10.3 | 12.9 | 15.6 | 7.8 | 4.9 |
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 18.2 | 10.3 | 1.3 | (9.8) | 0.9 | (1.4) | (7.2) | (3.8) | (3.5) | (2.4) | (4.6) | (3.8) | (2.4) | (5.6) |
| Capital Expenditure | (1.8) | (3.8) | (2.4) | 0 | (2.2) | (2.5) | (3.3) | (2.0) | (1.0) | (0.4) | (2.3) | (1.5) | (4.0) | (0.3) |
| Free Cash Flow | 16.4 | 6.5 | (1.1) | (9.8) | (1.4) | (3.9) | (10.6) | (5.7) | (4.5) | (2.8) | (6.8) | (5.3) | (6.4) | (5.9) |