Lifeward Ltd. announced on February 19, 2025, that Larry Jasinski, the company's Chief Executive Officer, will step down after 13 years of service. Mr. Jasinski will continue in his roles through the second quarter of 2025 to assist with the transition to a successor.
The Lifeward Board has appointed a special committee to lead the search for the next CEO, considering both internal and external candidates. Due to this leadership transition, the company has rescheduled its planned February 20th virtual investor event to a later date in 2025.
Lifeward also provided preliminary financial results for the year ended December 31, 2024, expecting revenue of approximately $25.7 million, aligning with its guidance range of $25 million to $26 million. Annual GAAP operating expenses are anticipated to be around $33.4 million, including about $5.7 million in restructuring and impairment expenses.
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