Company: BWAY
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001171843-25-002347
Chunk: 184

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: 20-F
Item: Item 11
Chunk 184
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Item 11. Quantitative and Qualitative Disclosures About Market Risk

” below.

Year ended
December 31, 2023 compared to year ended December 31, 2022

For comparison of fiscal year 2023 to fiscal year
2022 please see “ Management’s Discussion and Analysis of Financial Condition and Results of Operations - Year ended December
31, 2023 compared to year ended December 31, 2022” section in our annual report on form 20-F for the year ended December 31,
2023 filed with the SEC on March 28, 2024.

For more information regarding governmental economic,
fiscal, monetary or political policies or factors that have materially affected, or could materially affect, directly or indirectly, the
Company’s operations in Israel, please see also “Item 3D. Risk Factors - Risks Related to Our Functions in Israel.”