Category Archives: Tms

The latest analyst coverage could presage a bad day for EDAP TMS S.A. (NASDAQ:EDAP), with the covering analyst making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. Both revenue and earnings per share (EPS) forecasts went under the knife, suggesting the analyst has soured majorly on the business.

After the downgrade, the consensus from EDAP TMS' one analyst is for revenues of 27m in 2020, which would reflect a substantial 39% decline in sales compared to the last year of performance. Following this this downgrade, earnings are now expected to tip over into loss-making territory, with the analyst forecasting losses of 0.26 per share in 2020. Before this latest update, the analyst had been forecasting revenues of 52m and earnings per share (EPS) of 0.10 in 2020. There looks to have been a major change in sentiment regarding EDAP TMS' prospects, with a pretty serious reduction to revenues and the analyst now forecasting a loss instead of a profit.

Check out our latest analysis for EDAP TMS

NasdaqGM:EDAP Past and Future Earnings April 4th 2020

The consensus price target fell 13% to US$5.25, implicitly signalling that lower earnings per share are a leading indicator for EDAP TMS' valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values EDAP TMS at US$5.50 per share, while the most bearish prices it at US$5.00. Even so, with a relatively close grouping of analyst estimates, it looks to us as though the analyst is quite confident in their valuations, suggesting that EDAP TMS is an easy business to forecast or that the underlying assumptions are knowable.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. These estimates imply that sales are expected to slow, with a forecast revenue decline of 39%, a significant reduction from annual growth of 9.7% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 7.5% next year. It's pretty clear that EDAP TMS' revenues are expected to perform substantially worse than the wider industry.

The most important thing to take away is that the analyst is expecting EDAP TMS to become unprofitable this year. Regrettably, they also downgraded their revenue estimates, and the latest forecasts imply the business will grow sales slower than the wider market. With a serious cut to this year's expectations and a falling price target, we wouldn't be surprised if investors were becoming wary of EDAP TMS.

Still, the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for EDAP TMS going out as far as 2024, and you can see them free on our platform here.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are downgrading their estimates. So you may also wish to search this free list of stocks that insiders are buying.

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If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.

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Time To Worry? One Analyst Just Downgraded Their EDAP TMS S.A. (NASDAQ:EDAP) Outlook - Yahoo Finance

Valiant TMS, which normally supplies parts to some of the worlds biggest automakers, including Ford and General Motors, has joined the fight against the spread of COVID-19 and is now supplying the arsenal of health with face shields and masks for health-care workers manning the front lines.

We were just going to do [ventilator] parts for somebody else that had a medical clean room and could assemble them, Valiant CEOTony EliastoldAutomotive News Canada. But there was a bunch of red tape, so we took the path of least resistance.

There were too many standards, regulations and lawyers to deal with in short order. So that meant theWindsor, Ont.-basedhad to change gears quickly,and moved to producing 3D-printed face shields and donating N95 face masks for nurses and other first responders.

We looked at things we could do quickly, Elias said. We immediately reached out to our supply base and I was able to acquire 2,000 face masks that will be delivered to Windsor Regional Hospital.

Theyre set to arrive the week of April 13. Previously, the Automotive Parts Manufacturers' Association challenged its members to donate one million masks to the cause.

Valiant then went to work in-house, printing 15 shields for the hospital.The Schulich School of Medicine, which operates out ofWestern University in London, Ont., and the University of Windsor, then said it needed some for triage workers. So Valiant printed another 15 for the school.

There are now multiple places were delivering, Elias said.

Midwives, nursing homes and emergency rooms in the Windsor region are all receiving the shields, adding to what auto suppliers and politicians are calling the Canadian-made arsenal of health. Valiant is supplying the masks free of charge.

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Valiant latest Canadian supplier to add to arsenal of health, free of charge - Automotive News Canada

With Belle Isle, Detroit Grand Prix double-header tinned since Monday today, the General Practitioner of Indianapolis and also Indy 500 being changed to July and also August specifically, the termination of the races at Barber, Long Beach and also Circuit of the Americas, and alsoSt Petersburg perhaps held off till October, Texas Motor Speedway presently rests as the NTT Indy Cars And Truck Series brand-new season-opener on June 6.

Gossage, that has actually run TMS for 16 years, stated that while the rebranded Genesys 600s day is as safe and secure as it can be offered the still-fluid nature of the feedback to the coronavirus pandemic, an effective race there would certainly need fans to be in participation.

He informedMotorsport com: For currently, we are expecting the June Indy Cars And Truck race as prepared. We will not transform that setting till the scenario determines, whether that be government, state, area or city authorities, or if the sector shows we can not hold the occasion.

But we would not have any type of interest in holding an occasion without fans in participation. The factor it is a factor to consider for NASCAR marketers is that the marketer gets 65 percent of the large TELEVISION civil liberties charge. In Indy Auto, the marketer does not obtain any type of tv civil liberties charges. That is a standard problem that triggers Indy Auto, also in its finest days, to not be virtually as preferable to a marketer and also why you will certainly constantly see a turn over in the occasions and also timetable for Indy Cars And Truck.

TMS commonly holds 2 NASCAR Cup races each period, and also the OReilly Auto Parts 500 was just one of the numerous casualties of the March/April cancelations that exploded the motorsport schedule, and also while the tracks 2nd Cup race is still established forOct 25, the initial has actually not been rescheduled.

Given that he requires viewers to make an Indy Cars And Truck race rewarding and also there is still a lot unpredictability regarding whether U.S. state guvs will certainly enable their populaces to collect in teams once again by very early June, a later day with the Genesys 600 and also the OReilly Auto Parts 500 on the very same expense would certainly show up a preferable choice if both approving bodies can collaborate. Gossage stated the opportunity would certainly depend on a variety of details.

He took place: I have actually chatted for 20- plus years with all the rotating door managements Indy Auto has actually tossed at us concerning a NASCAR/Indy Auto doubleheader. It was a significant task when we obtained both companies to collaborate 24 years back when we combined Indy Cars And Truck and also NASCAR Trucks in1997 That was a very first.

It is among minority celebrations that would absolutely be a win-win. Both occasions would certainly profit, no doubt. The idea has advocates at both approving bodies in the last number of years yet unless driven by TELEVISION or, probably, a globally pandemic I can not obtain the celebrations completely to review it.

If I can obtain Mark Miles [Penske Entertainment and IndyCar CEO], Steve Phelps [NASCAR president] and also Sam Flood [NBC/NBCSN president and executive producer] all in the very same space and even on the very same phone conversation it would certainly take place. But all celebrations speak with me and also appear in assistance yet decrease to be in the very same space or contact us to review it.

One day it will certainly take place I am figured out! And, on a larger degree, why not NASCAR Trucks, Xfinity, Indy Cars And Truck and also Cup all on the very same weekend break? Why not?

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No interest in Texas IndyCar race without fans - The Union Journal

One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. To keep the lesson grounded in practicality, we'll use ROE to better understand EDAP TMS S.A. (NASDAQ:EDAP).

Over the last twelve months EDAP TMS has recorded a ROE of 14%. That means that for every $1 worth of shareholders' equity, it generated $0.14 in profit.

See our latest analysis for EDAP TMS

The formula for return on equity is:

Return on Equity = Net Profit (from continuing operations) Shareholders' Equity

Or for EDAP TMS:

14% = 3.5m 25m (Based on the trailing twelve months to September 2019.)

Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. It is all the money paid into the company from shareholders, plus any earnings retained. The easiest way to calculate shareholders' equity is to subtract the company's total liabilities from the total assets.

ROE looks at the amount a company earns relative to the money it has kept within the business. The 'return' is the amount earned after tax over the last twelve months. A higher profit will lead to a higher ROE. So, all else equal, investors should like a high ROE. That means ROE can be used to compare two businesses.

By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. However, this method is only useful as a rough check, because companies do differ quite a bit within the same industry classification. Pleasingly, EDAP TMS has a superior ROE than the average (11%) company in the Medical Equipment industry.

NasdaqGM:EDAP Past Revenue and Net Income March 30th 2020

That's clearly a positive. I usually take a closer look when a company has a better ROE than industry peers. For example you might check if insiders are buying shares.

Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the case of the first and second options, the ROE will reflect this use of cash, for growth. In the latter case, the debt used for growth will improve returns, but won't affect the total equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking.

EDAP TMS has a debt to equity ratio of 0.22, which is far from excessive. The fact that it achieved a fairly good ROE with only modest debt suggests the business might be worth putting on your watchlist. Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.

Return on equity is one way we can compare the business quality of different companies. A company that can achieve a high return on equity without debt could be considered a high quality business. All else being equal, a higher ROE is better.

Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. The rate at which profits are likely to grow, relative to the expectations of profit growth reflected in the current price, must be considered, too. So you might want to take a peek at this data-rich interactive graph of forecasts for the company.

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If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.

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Can EDAP TMS S.A.'s (NASDAQ:EDAP) ROE Continue To Surpass The Industry Average? - Yahoo Finance

SALT LAKE CITY, March 24, 2020 /PRNewswire/ --EKA Solutions, Inc., provider of a cloud-based integrated freight management ecosystem platform, announced today its special Omni-TMS platform offer to Brokers who wish to operate their business partly or entirely remotely.

EKA provides a transformational digital freight management, dFEMX, ecosystem platform to manage all the customer's freight businesses including freight exchange and third-party services. EKA serves as the system of record across multiple applications and seamlessly ties into other freight solutions (TMS, driver apps, etc.) and third-party services.

"Together, we are facing a truly unprecedented situation. The global coronavirus pandemic is affecting all our families, our businesses, our communities, and our way of life. During this time, EKA wants to help the transportation and logistics industry continue to run its business without interruption," said JJ Singh, Founder, Investor and CEO of EKA Solutions, Inc. "EKA's cloud-based, end-to-end Omni-TMSplatform is currently enabling customers to operate at a high performance level entirely remotely (https://eka-beacon.com/2020/03/23/smart-covid-19-business-continuity-response-tech-up-not-shut-down/). EKA is integrated with the core industry data services; all you require to run your entire broker business is either a PC, laptop or tablet and a high-speed internet connection."

"In support of our industry,we will on-board customers with EKA's standard Broker TMS configuration for Brokers of all different sizes without charging onboarding fees or committing to a Term Contract," said Mark Walker, Investor, President and Chief Digital Officer for EKA solutions, Inc. "We can on-board new customers in as little a time as a few days and at affordable monthly fees."

About EKA

EKA Solutions, Inc., provides a transformational cloud-based SaaS digital freight management, dFEMX, ecosystem platform to manage all the customer's freight businesses including freight exchange and third-party services. As part of dFEMX Offering, EKA provides the Smart, Unified Platform EKA Omni-TMS for - Virtually Everyone. EKA Omni-TMS is designed to transform the transportation and logistics industry. It empowers small, medium and large size broker, carrier and shipper businesses to operate from quote-to-cash with affordable and best-in-class digital tools, enabling the higher performance demanded in tomorrow's supply chain. With real-time information, EKA Omni-TMS enables brokers, carriers and shippers to provide visibility and transparency as they fluidly trade across an expanding and verified network with key, trusted partners. For more information about EKA, visit: https://www.go-eka.com.

For all other inquiries:Arune Singharune@go-eka.com

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EKA Solutions Announces TMS Offer for Brokers to Operate their Business Entirely Remotely - The Herald Journal

Company to host conference call and webcast on Tuesday, March 31st @ 8:30 am EDT

LYON, France, March 24, 2020 - EDAP TMS SA (EDAP), the global leader in robotic energy-based therapies, today announced that it will release its financial results for the fourth quarter and year ended December 31, 2019 after the markets close on Monday, March 30, 2020.

An accompanying conference call and webcast will be conducted by Marc Oczachowski, Chief Executive Officer and Franois Dietsch, Chief Financial Officer, to review the results. The call will be held at 8:30am EDT on Tuesday, March 31, 2020. Please refer to the information below for conference call dial-in information and webcast registration.

Conference Call & WebcastTuesday, March 31st @ 8:30am Eastern TimeDomestic: 877-451-6152International: 201-389-0879Passcode: 13700921Webcast: http://public.viavid.com/index.php?id=138743

About EDAP TMS SAA recognized leader in the global therapeutic ultrasound market for almost 40 years, EDAP TMS develops, manufactures, promotes and distributes worldwide minimally invasive medical devices for urology using ultrasound technology. By combining the latest technologies in imaging and treatment modalities in its complete range of Robotic HIFU devices, EDAP TMS introduced the Focal One in 2013 in Europe and in 2018 in the US as the answer to all requirements for ideal prostate tissue ablation as a complement to the existing FDA-cleared Ablatherm Robotic HIFU and Ablatherm Fusion. As a pioneer and key player in the field of extracorporeal shock wave lithotripsy (ESWL), EDAP TMS exclusively utilizes the latest generation of shock wave source in its Sonolith range of ESWL systems. For more information on the Company, please visit http://www.edap-tms.com, and us.hifu-prostate.com.

CONTACTS:Blandine ConfortInvestor Relations / Legal AffairsEDAP TMS SA+33 4 72 15 31 50bconfort@edap-tms.com

Investor ContactJeremy FefferLifeSci Advisors, LLC212-915-2568jeremy@lifesciadvisors.com

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EDAP TMS SA to Announce Fourth Quarter and Year Ended December 31, 2019 Financial Results on Monday, March 30, 2020 - Yahoo Finance

Open Sky Group Director, Client Services Named a Champion for extensive food and beverage industry experience

RALEIGH, N.C. (PRWEB) March 31, 2020

Open Sky Group is pleased to announce that Food Logistics has named Jeremy Hudson, Director, Client Services, to its 2020 Food Logistics Champion: Rock Stars of the Supply Chain award.

Open Sky Group, global Blue Yonder specialists, implements and upgrades warehouse, labor and transportation management software and has helped over twenty food and beverage clients with warehouse and labor management optimization projects in a variety of facility environments, including cold storage. Hudson was recognized for his expertise in optimizing distribution processes for many food and beverage companies.

As Director of Client Services, Jeremy was part of ten successful warehouse and labor management solution go-lives in 2019 alone. Some of his work with food and beverage clients includes applying engineered labor standards to produce significant workforce savings; using mobile capabilities to better manage the workforce and provide enhanced coaching capabilities and systematic automation of incentive algorithms; and occasionally designing versatile allocation, picking and staging approaches that allow for adaptability to various order sizes. Jeremy's projects demand consideration of advance lot, date rotation and shelf life requirements and frequently involve automation including palletization, sortation, ASRS and pallet shuttling.

"There are so many challenges facing the food industry today - from safety and security, to compliance and regulations and product quality and shelf life, says Jeremy Hudson, Director, Client Services, Open Sky Group. "The companies that embrace technology and dedicate the people, time and dollars it requires to truly understand and use it well, will find that they are the ones who grow and thrive. It's not a one-time "set it and forget it" proposition - the successful companies know this and commit."

"Jeremy embodies Rock Star' in my mind," says Curt Sardeson, CEO of Open Sky Group. "He came to us with a deep labor software background and within two years had mastered warehouse management and was running multiple implementation projects at once. Jeremy puts his full energy, which is considerable, behind everything he does and deeply understands the challenges our food and beverage customers face every day."

2020 Food Logistics Champion: Rock Stars of the Supply Chain recognizes influential individuals in our industry whose achievements, hard work, and vision have shaped and attained milestones in safety, efficiency, productivity and innovation through the global food supply chain.

"The 2020 Food Logistics Champions: Rock Stars of the Supply Chain showcases the true rock stars of the industry, those that go the extra mile, so to speak, to ensure their company's supply chains are being operated in an efficient, safe and transparent manner," says Marina Mayer, editor-in-chief of Food Logistics. "These professionals are a true example as to why today's food and beverage supply chains are in position to curtail tomorrow's consumers' demands, and why today's youth should consider the supply chain and logistics industry as a possible path of employment."

Recipients of this year's 2020 Food Logistics Champions: Rock Stars of the Supply Chain award will be profiled in the March 2020 issue of Food Logistics, as well as online.

ABOUT FOOD LOGISTICS

Food Logistics is published by AC Business Media, a business-to-business media company that provides targeted content and comprehensive, integrated advertising and promotion opportunities for some of the world's most recognized B2B brands. Its diverse portfolio serves the construction, logistics, supply chain and other industries with print, digital and custom products, events and social media.

ABOUT OPEN SKY GROUP

Open Sky Group, global specialists in WMS, Labor and TMS software upgrades and implementations, helps clients lower costs and risks and reduce time to implement with its proprietary methodology and no-modifications approach. A gold implementation partner and reseller of Blue Yonder Warehouse, Workforce, Warehouse Labor and Transportation Management software, Open Sky Group strives every day to be the best consulting partner on the planet for supply chain solutions.

Contact: Open Sky Group

Darcy Reeves

VP of Marketing

919.800.8250

Homepage

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For the original version on PRWeb visit: https://www.prweb.com/releases/jeremy_hudson_named_to_the_2020_food_logistics_champions_rock_stars_of_the_supply_chain/prweb17006412.htm

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Jeremy Hudson Named to the 2020 Food Logistics Champions: Rock Stars of the Supply Chain - Benzinga

"When you're looking for a voice, you never know where it's going to come from."

Pete "Merf" Kelleher, one-third of the English production trio TMS, is musing about the runaway success of Lewis Capaldi's sparse and aching "Someone You Loved," which marks the biggest track in their already stacked discography.

"Traditionally, we've definitely been keen to overproduce records and just throw loads of sh-t in there," Kelleher explains to Billboard from the trio's home base in London. "It's really interesting that it's one of our biggest song ever and there's such minimal productions. There have been songs that took us months, meanwhile here we are with our most successful and it's so chill."

Kelleher, alongside cohorts Tom "Froe" Barnes and Ben Kohn, have carved out a unique niche on the charts. The childhood friends initially started out with hip-hop records, but a stint working on the U.K. iteration of The X Factorled them to a collaboration with Little Mix, which then enabled them to dive headfirst into the world of pop. Before long, they were focusing on crafting bubblegum singles for a range of British acts, whether the aforementioned girl group ("Wings" and "DNA"), boy band The Vamps ("Last Night") or singer-songwriter James Arthur ("You're Nobody 'til Somebody Loves You"). G-Eazy and Bebe Rexha's "Me, Myself and I" also served as an early glimmer of global success, peaking on the Hot 100 at No. 7 in 2016.

But it's with another singer-songwriter, the Scottish-born Capaldi, that the group has enjoyed their most impressive smash. "We've released a lot of stuff, but 'Someone You Loved' felt like a perfect storm," says Kohn of the sleeper hit's critical and commercial success which resulted in three weeks at No. 1 on the Billboard Hot 100 and seven weeks atop the chart in the U.K. While it was subsequently nominated for a Grammy, it wound up taking home song of the year honors at the recent Brit Awards, the latter experience being a mixed bag. "Not to totally sh-t on them, but you finally win and (as a producer or songwriter) you're lucky if you even get a seat, and if you get an award you have to pay for it," says Kohn, who noted that sharing the success with Capaldi made the honor a bit sweeter.

"We've all been best friends since we were kids, and to get to that point where you have this mad ride and it culminates in actually winning an award is absolutely mental," says Kelleher of the celebratory night. "Lewis and his team organized a boat trip on the river afterwards with his friends, family and all of us. We were trying to thank him for everything he had done for us and he wasn't having it. He was too busy thanking us. We couldn't get him to accept it."

The slow-burn success of "Someone You Loved," which was released in November 2018 and didn't top the Hot 100 until a few days shy of a full year later (a strategy the trio credits to Capaldi's manager Ryan Walter), mirrored the gradual collaborative process that birthed the future hit. "Our first session with Lewis was in the summer of 2017," remembers Kohn of the creative rendezvous that was set up between Capaldi and their manager Paul Centellas. "The songs we wound up making that day were all above average. Lewis' voice was amazing and there was really good energy, so with all that we knew there was something there." Those initial tracks have yet to see the light of day, and the trio and Capaldi didn't meet again until a year later.

During a third session in August 2018, however, TMS and Capaldi bore tangible fruit. "We wrote another song and then there was a little lull, so we said, 'Let's work on something else for a couple of hours.' Then we made and pretty much finished 'Someone You Loved.'"

"Lewis only did three takes of the chorus and almost every sound you hear in that record was made in those two hours," says Barnes of the rapid fruition, which was also a result of a budget as minimal as its eventual production. (The song is inspired by Capaldi's grandmother, with the singer creating the song's melody 10 minutes prior to his session with TMS.) "Production-wise there's not much in there, but what is, is important," explains Barnes, who also helped Capaldi co-write its tender lyrics with Kohn and Kelleher. "The only thing that was added and taken away was strings. I also think there might have been a hint of a halftime snare for five minutes in my headphones, but it was quickly taken away."

Did the guys think the song would become a milestone in their career? "We write 250 or 300 songs a year," notes Kelleher. "It was another great cut with Lewis, but whenever somebody says 'This is a hit!' what they mean is, 'This is one of the better ones.' Like, so much sh-t has to happen for it to be a hit. It almost didn't make the album."

The trio, who first started concocting tracks a full two decades ago, has no doubt entered a new career phase after the explosive success of "Someone You Loved." With the commercial peak of the Capaldi track behind them, they're now looking forward to the release of a pop record with another yet another English artist: Dua Lipa. TMS is credited with producing Lipa's "Cool" from her upcoming Future Nostalgia, and much like the incongruous journey that birthed "Someone You Loved," "Cool" has faced similar twists and turns.

"We actually started it at a writing camp for Rihanna at (London's) RAK Studios," says Kelleher of the massive opportunity, with TMS working alongside British singer-songwriters Kamille and Shakka. "You turn up with all of your gear and it was promised Rihanna would be there, so we brought our A-game."

While the pop superstar never actually appeared, the enticing possibility of an impending visit pushed the group to concoct four songs within a 12-hour period. "Out of those four, three have been cut," says Kelleher. "One was a Kamille record, one was cut by Gorgon City and then 'Cool' is coming out with Dua. It underwent a rewrite and it's now pretty wildly changed, she made it her own. We're pretty proud of it and can't wait to hear it in the context of the album."

With the "Someone You Loved" cycle coming to a close and a new era dawning, the trio likens their success to a video game. "It's like reaching another level," says Kohn. "You're not worried about the boss you just beat, you're trying to beat the next boss. I think when you're experiencing everything in the moment you're going, 'Wow, that's crazy,' but I don't know how much you're feeling it. It's really about what's next."

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Production Team TMS on the Unlikely Success of 'Someone You Loved' - Billboard

Fourth quarter revenues were $6.3 million, up 32% over the same quarter in the prior year

PATTERSON, N.J., March 23, 2020 (GLOBE NEWSWIRE) -- BrainsWay Ltd. (NASDAQ & TASE: BWAY) (BrainsWay or the Company), a global leader in the advanced non-invasive treatment of brain disorders, today reported financial results for the quarter and full-year ended December 31, 2019, and provided an operational update.

We are very pleased with our solid fourth quarter and full-year 2019 results. Our strong results are indicative of the continued growing demand for our deep transcranial magnetic stimulation (Deep TMS) system in major depressive disorder (MDD) and obsessive compulsive disorder (OCD). In addition, we have achieved key progress in advancing our clinical pipeline for future potential applications, stated Christopher von Jako, Ph.D., President and Chief Executive Officer of BrainsWay. Like other organizations, BrainsWay continues to monitor the rapidly evolving impact of the coronavirus closely, and our thoughts are with all of those affected. Without question, our top priority is the health and well-being of our loyal and growing customer base, their patients, and our employees. We have already taken steps to minimize the spread of coronavirus, while at the same time ensuring our customers that we remain fully operational as patients continue to receive their Deep TMS treatments.

Financial Results for the Full-Year Ended December 31, 2019

Financial Results for the Fourth Quarter Ended December 31, 2019

Recent Corporate Developments

Conference Call and WebcastBrainsWays management will host a conference call on Monday, March 23, 2020, at 8:30 a.m. Eastern Time to discuss these results and answer questions.

Monday, March 23, at 8:30 AM Eastern Time:

Telephone conferenceDial in information:Standard international: +44 (0) 2071 928000Israel, Tel Aviv (Local):+972-3 721 7998 United States, New York (Local):+1 631-510-7495 Confirmation Code: 7074659

To listen to a live webcast, please visit the Investors section of the BrainsWay website at http://www.BrainsWay.com. The webcast replay will be available on the website for two weeks following the completion of the call.

About BrainsWay BrainsWay is a commercial stage medical device company focused on the development and sale of non-invasive neuromodulation products using the Companys proprietary Deep Transcranial Magnetic Stimulation (Deep TMS) technology for the treatment of major depressive disorder (MDD) and obsessive compulsive disorder (OCD), for which BrainsWay received marketing authorization from the U.S. Food and Drug Administration (FDA) in 2013 (for MDD) and in August 2018 (for OCD). BrainsWay is currently conducting clinical trials of Deep TMS in other psychiatric, neurological and addiction disorders.

Forward Looking StatementsThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words intends, may, will, plans, expects, anticipates, projects, predicts, estimates, aims, believes, hopes, potential or similar words. These forward-looking statements and their implications are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, such uncertainties include the recent outbreak of theCoronavirus (COVID-19), whichhas led governments and authorities around the globe to take various precautionary measures in order to limit the spread of theoutbreak, including government-imposed quarantines and other public health safety measures. These measures could have an adverse effect on the global markets and its economy, including on the availability and pricing of materials, manufacturing and delivery efforts, sales to existing and potential customers and leads, collections from accounts and other aspects of the global economy. Therefore, theCoronaviruscould disrupt production and cause delays in the supply and delivery of products used in our operations, may further divert the attention and efforts of the medical community to coping with theCoronavirus, impact the recruitment of subjects to existing and planned clinical trials, disrupt the marketplace in which we operate, and may have a material adverse effects on our operations, sales, revenues, collections, and R&D efforts. In addition, historical results or conclusions from scientific research and clinical studies do not guarantee that future results would suggest similar conclusions or that historical results referred to herein would be interpreted similarly in light of additional research or otherwise. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: inadequacy of financial resources to meet future capital requirements; changes in technology and market requirements; delays or obstacles in launching and/or successfully completing planned studies and clinical trials; failure to obtain approvals by regulatory agencies in the Companys anticipated timeframe, or at all; inability to retain or attract key employees whose knowledge is essential to the development of Deep TMS products; unforeseen difficulties with Deep TMS products and processes, and/or inability to develop necessary enhancements; unexpected costs related to Deep TMS products; failure to obtain and maintain adequate protection of the Companys intellectual property, including intellectual property licensed to the Company; the potential for product liability; changes in legislation and applicable rules and regulations; unfavorable market perception and acceptance of Deep TMS technology; inadequate or delays in reimbursement from third-party payers, including insurance companies and Medicare; inability to commercialize Deep TMS, including internationally, by the Company or through third-party distributors; product development by competitors; inability to timely develop and introduce new technologies, products and applications, which could cause the actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements.

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Any forward-looking statement in this press release speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. More detailed information about the risks and uncertainties affecting the Company is contained under the heading Risk Factors in the Companys filings with the U.S. Securities and Exchange Commission.

Contacts: BrainsWay Ltd. Hadar Levy Chief Operating Officer and Chief Financial Officer Hadarl@BrainsWay.com

Investors:Bob YedidLifeSci Advisors646-597-6989Bob@LifeSciAdvisors.com

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BrainsWay Reports Fourth Quarter and Full-Year 2019 Financial Results and Operational Highlights - Yahoo Finance

Russian President Vladimir Putin has ordered the country's military to extend all help to Italy, following which among other things the Russian military will be deploying a Soviet-era jet engine power disinfection machine, TMS-65U.

TMS-65U is a special disinfection truck with a jet engine mounted in the back, which the Russian military uses to clean vehicles coated in chemical agents or create massive smokescreens to hide friendly movements on the battlefield.

A TMS-65U vehicle is made up of a Ural-375 6x6 4.5-ton truck with a modified Klimov VK-1 turbojet engine first used in the MiG-15 fighter jet in 1947 mounted inside a turret on the rear of the vehicle.

These military vehicles are handled by Russia's Nuclear, Biological, and Chemical Protection Troops, also known collectively by the acronym RKhB.

The RKhB is a chemical warfare unit, which was formed during the Soviet era in 1918. In modern Russia, RKhB is tasked with identifying nuclear, biological, and chemical hazards and decontaminating impacted areas.

The RKhB provides similar services after any terrorist attack involving weapons of mass destruction or man-made or natural disasters involving similar threats.

Russia extends all help to Italy

As per a statement by the Russian Defense Ministry, President Vladimir Putin has issued the order to the country's military sanctioning all support to Italy by sending medical help from Sunday. The Russian military has been briefed to provide all help to Italy to battle the new coronavirus (COVID 19).

The order was dispatched from President Putin's officer after Italian Prime Minister Giuseppe Conte held a long conversation over the phone with Putin on Saturday.

In the conversation, the Russian leader offered his support and help in the form of mobile disinfection vehicles and specialists to help the worst-hit Italian regions, reported The Moscow Times.

On Saturday, Italy recorded its worst death count from coronavirus of almost 800, taking the toll in the world's hardest-hit country to over 5,000.

The Russian Defense Ministry said military transport planes would deliver eight mobile brigades of military medics, special disinfection vehicles and other medical equipment to Italy starting from Sunday. A total of seven cargo planes will be flying to Italy from Russia to drop all the necessary items and the team.

Russia will also be deploying about 100 military personnel from the virology and epidemics department, Interfax cited the Defense Ministry as saying.

In Russia, until now there has been only one coronavirus related deaths, and 306 reported cases of COVID 19 infection.

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VIDEO: What is TMS-65U? Soviet-era MiG-15 fighter jet engine powered special vehicle deployed by Russia to battle coronavirus in Italy - International...