Company: BWAY
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0001171843-25-006185
Chunk: 24

Company: Brainsway Ltd.
Filing Date: 2025-09-30
Form: 6-K
Chunk 24
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 particular quarter will not vary from the preceding or comparable quarters. Our expense levels are based, in
part, on expectations as to future revenues. If revenues are below expectations, operating results are likely to be adversely
affected. In addition, a substantial portion of our expenses are fixed (e.g., lease payments) and adjusting expenses in the event
revenues drop unexpectedly often takes considerable time. As a result, we believe that period-to-period comparisons of our results
of operations are not necessarily meaningful and should not be relied upon as indications of future performance. Due to all of the
foregoing factors, it is possible that in some future quarters our revenues or operating results will be below the expectations of
public market analysts or investors. In such event, the market price of our shares would likely be materially

adversely affected.

#### Operating Results
|                                           |     | For the six months ended June 30, |                                              2025 
                                         Unaudited 
 (U.S. dollars in thousands except per share data) |     |   |   2024 |
|:------------------------------------------|:----|:----------------------------------|--------------------------------------------------:|:----|:--|-------:|
| Revenues                                  |     | $                                 |                                            24,168 |     | $ | 19,100 |
| Cost of revenues                          |     |                                   |                                             6,059 |     |   |  4,751 |
| Gross profit                              |     |                                   |                                            18,109 |     |   | 14,349 |
| Research and development expenses         |     |                                   |                                             4,676 |     |   |  3,337 |
| Selling and marketing expenses            |     |                                   |                                             9,102 |     |   |  7,623 |
| General and administrative expenses       |     |                                   |                                             3,177 |     |   |  2,710 |
| Total operating expenses                  |     |                                   |                                            16,955 |     |   | 13,670 |
| Operating profit                          |     |                                   |                                             1,154 |     |   |    679 |
| Finance income                            |     |                                   |                                             3,414 |     |   |  1,115 |
| Finance expense                           |     |                                   |                                             1,207 |     |   |    808 |
| Profit before income taxes                |     |                                   |                                             3,361