Brainsway (NASDAQ:BWAY) reported a strong start to 2026, with first-quarter revenue rising 35% year over year as the company expanded placements of its Deep TMS systems and continued to build its recurring revenue base.
Chief Executive Officer Hadar Levy said on the company’s earnings call that revenue for the three months ended March 31, 2026, totaled $15.5 million, compared with $11.5 million in the prior-year period. The company shipped 117 Deep TMS systems during the quarter, a 44% increase from the same period last year, bringing its total installed base to approximately 1,820 systems.
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