Company: BWAY
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001171843-25-002347
Chunk: 32

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: 20-F
Item: Item 5
Chunk 32
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of any systems, it would be costly to replace such systems in a timely manner, and such occurrences may damage our reputation and lead
to decreased demand for our products and increased cost and expense to our business. In addition, any significant increase in shipping
rates could adversely affect our operating margins and results of operations. Similarly, strikes, severe weather, natural disasters or
other service interruptions affecting delivery services we use would adversely affect our ability to process orders for our products on
a timely basis.

Worldwide economic and political conditions have
also been adversely impacted by continued political instability and military hostilities in multiple geographies including the conflict
between Ukraine and Russia, the Israel-Gaza war, the Israel-Hezbollah war and potential related tensions with Israel’s other neighboring
countries. These conditions have made and may continue to make it difficult for our customers and potential customers to afford our products,
and could cause our customers to stop using our products or to use them less frequently. If that were to occur, our revenue may decrease
and our performance may be negatively impacted. In addition, the pressure on consumers to absorb more of their own healthcare costs has
resulted in some cases in higher deductibles and limits on durable medical equipment, which may cause seasonality in purchasing patterns.
Furthermore, during economic uncertainty, some customers experience job losses and may continue to have issues gaining timely access to
sufficient health insurance or credit, which could result in their unwillingness to purchase products or impair their ability to make
timely payments to us. A recession, depression or other sustained adverse market event could materially and adversely affect our business
and the value of our Ordinary Shares or ADSs.

We cannot predict the reoccurrence of any economic
slowdown or the future strength of the economy, worldwide, in the United States, in Israel, or in our industry. These and other economic
factors could have a material adverse effect on our business, financial condition and results of operations.

  19  

Our reliance
on the use of technology may adversely affect our business if we become subject to cyber-terrorism or other compromises and shut-downs
or if we experience significant disruptions in our information technology systems, and security and privacy breaches may expose us to
liability and harm our reputation and business.

We depend on our information technology systems for
the efficient functioning of our business accounting, data storage, compliance, purchasing, and inventory management. While we will attempt
to mitigate interruptions, we may experience difficulties in implementing upgrades to our information technology systems, which