Lifeward Streamlines U.S. Operations in Next Phase of Growth and Operational Efficiencies
Lifeward Ltd. - Ordinary Shares (LFWD)
Company Research
Source: GlobeNewswire
Lifeward expects these actions to result in annual operating expense savings of approximately $3 million and gross margin improvement of 200 basis points during 2025 Consolidated real estate footprint will close two U.S. facilities to focus on operations in Massachusetts, Israel, and Germany MARLBOROUGH, Mass. and BERLIN and YOKNEAM ILIT, Israel, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Lifeward Ltd. (Nasdaq: LFWD) (“Lifeward” or the “Company”), announced plans today to streamline its U.S. operations including the closing of two U.S. facilities to complete the integration that has followed the acquisition of AlterG in August 2023. The consolidation is expected to save the Company approximately $3 million in operating expenses and improve gross margins by approximately two percentage points when the full impact is achieved. Following the consolidation, Lifeward will have reduced its total headcount by greater than 35% since the closing of the AlterG acquisition. Key functions located at
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LFWD
Earnings
- 11/12/24 - Miss
LFWD
Analyst Actions
- 11/13/24 - HC Wainwright
LFWD
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 11/27/24 - Form 4
- LFWD's page on the SEC website