BrainsWay Ltd (NAS:BWAY)

Q1 2026 Brainsway Ltd Earnings Call Transcript

May 13, 2026 / 12:30 PM GMT

Release Date Price: $16.31 (-2.57%)

Transcript

Key Points

Positve

BrainsWay Ltd (BRSYF) reported a 35% increase in revenue to $15.5 million for Q1 2026, compared to $11.5 million in the prior-year period.
The company achieved its 11th consecutive quarter of profitability, with net income increasing by over 100% to $2.3 million.
BrainsWay Ltd (BRSYF) shipped 117 deep TMS systems, a 44% increase over the same period last year, expanding its total install base to approximately 1,820 systems.
The company has seen expanded reimbursement coverage, including the elimination of prior authorization requirements for TMS by Evernorth Behavioral Health.
BrainsWay Ltd (BRSYF) is actively pursuing strategic equity investments in mental health providers, enhancing growth and collaboration opportunities.

Negative

Sales and marketing expenses increased to $4.9 million from $4.2 million in the first quarter of 2025, reflecting higher investment in commercial expansions.
Research and development expenses rose to $2.8 million from $2.3 million last year, driven by investments in clinical development.
General and administrative expenses increased to $1.8 million from $1.5 million in the prior year period.
The company is still in the early stages of building awareness and adoption of deep TMS, indicating a long runway for growth.
Despite strong performance, the company faces risks and uncertainties due to shifting market conditions, including geopolitical and supply chain factors.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BWAY.TA - Brainsway Ltd
Q1 2026 Brainsway Ltd Earnings Call
May 13, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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The.

Good day and welcome to BRAINSWAY first quarter 2026 morning conference call.

All participants will bend the listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero.

After today's presentation, there will be an opportunity to ask questions.

To ask a question, you may press then 1 on a touch tone 4.

To withdraw your question, please press then 2. Please note that this event is being recorded.

I now hand the conference over to God Tristan. Please go ahead.

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Unidentified_2 [2]
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