Lifeward CEO to Retire; 2024 Revenue Guidance Updated

MT Newswires Live

02-19

Lifeward (LFWD) said Wednesday its Chief Executive Larry Jasinski will retire in Q2.

The company said a special committee will lead the search for a new CEO, considering internal and external candidates.

Lifeward said it is postponing its Feb. 20 investor event until after a new CEO is appointed.

The company said it expects 2024 revenue of about $25.7 million, within its previous guidance of $25 million to $26 million.

Analysts polled by FactSet expect $25.3 million.

Lifeward will provide its 2025 financial outlook during its earnings call the week of March 10, the company added.

Shares of the company were down more than 2% in recent Wednesday trading.

Price: 1.95, Change: -0.05, Percent Change: -2.50

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