<SEC-DOCUMENT>0001171843-25-007191.txt : 20251112
<SEC-HEADER>0001171843-25-007191.hdr.sgml : 20251112
<ACCEPTANCE-DATETIME>20251112060103
ACCESSION NUMBER:		0001171843-25-007191
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20251112
FILED AS OF DATE:		20251112
DATE AS OF CHANGE:		20251112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Brainsway Ltd.
		CENTRAL INDEX KEY:			0001505065
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		EIN:				000000000
		STATE OF INCORPORATION:			L3

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35165
		FILM NUMBER:		251468131

	BUSINESS ADDRESS:	
		STREET 1:		16 HARTUM STREET RAD TOWER, 14TH FLOOR
		STREET 2:		Har HaHotzvim
		CITY:			Jerusalem
		STATE:			L3
		ZIP:			9777516
		BUSINESS PHONE:		972 2 581-3140

	MAIL ADDRESS:	
		STREET 1:		16 HARTUM STREET RAD TOWER, 14TH FLOOR
		STREET 2:		Har HaHotzvim
		CITY:			Jerusalem
		STATE:			L3
		ZIP:			9777516
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_111025.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html><head><title></title></head><body style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><div align="center"><div style="margin-top: 3pt; margin-bottom: 12pt;"><div style="font-size: 1pt; border-top: Black 2.5pt solid; border-bottom: Black 1.1pt solid; width: 100%;">&#160;</div></div><p style="font-size: 14pt;" align="center"><strong>UNITED STATES</strong><br /><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br /><strong>Washington, D.C. 20549</strong></p><p style="font-size: 14pt; text-transform: uppercase;" align="center"><strong>Form 6-K</strong></p><p style="text-align: center;"><strong></strong></p><p style="text-align: center;"><strong>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</strong></p><p style="text-align: center;"><strong></strong><strong>For the month of November 2025</strong></p><p style="text-align: center;">Commission File Number: <strong>001-35165</strong></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>BRAINSWAY LTD.</strong></font><br />(Translation of registrant's name into English)</p><p style="text-align: center;"><!--16 Hartum Street RAD Tower, 14th Floor <br>Har HaHotzvim--><strong>16 Hartum Street RAD Tower, 14th Floor </strong><br /><strong>Har HaHotzvim<br /> Jerusalem, 9777516, Israel<br />(+972-2) 582-4030<br /></strong>&#160;(Address and telephone number of Registrant&#8217;s principal executive office)</p></div><p>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.<br />Form 20-F [&#160;X ] &#160;&#160;&#160;&#160;&#160;Form 40-F [&#160;&#160; ]</p><!--<p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): &#160;</p><p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): &#160;</p>--><p><font>This Form 6-K is incorporated by reference into the Company's Registration Statement on Form S-8 filed with the Securities and Exchange Commission on April 22, 2019 (Registration No. 333- 230979) and the Company's Registration Statements on Form F-3 filed with the Securities and Exchange Commission on July 22, 2024 (Registration No. 333-280934) and on April 22, 2025 (Registration No. 333-286672).</font></p><p><font> </font><font><hr style="page-break-after: always;" noshade="noshade" /><p style="text-align: center;"><font style="font-size: 10pt;"><strong>EXHIBIT INDEX</strong></font></p><table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0"><tr><td style="text-decoration: underline;" valign="bottom"><font style="font-size: 10pt;"><strong>Exhibit</strong></font></td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td style="text-decoration: underline;" valign="bottom"><font style="font-size: 10pt;"><strong>Title</strong></font></td></tr><tr><td>&#160;</td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td><font style="font-size: 10pt;">&#160;</font></td></tr><tr><td style="vertical-align: top;"><font style="font-size: 10pt;"><a href="exh_991.htm">99.1</a></font></td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td style="vertical-align: top;"><font style="font-size: 10pt;"><a href="exh_991.htm">BrainsWay Reports Third Quarter 2025 Financial Results and Operational Highlights</a> </font></td></tr></table>&#160;</font></p><p /><hr style="page-break-after: always;" noshade="noshade" /><p style="text-align: center;"><strong>SIGNATURES</strong></p><p>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p><table style="font-family: Times New Roman; font-size: 10pt;" border="0" width="100%" cellspacing="0" cellpadding="0"><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td style="text-decoration: underline;" align="center" width="47%"><strong>&#160;&#160;&#160;&#160;BRAINSWAY LTD.&#160;&#160;&#160;&#160;</strong></td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">(Registrant)</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">&#160;</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%"></td></tr><tr valign="top"><td width="47%">Date: November 12, 2025</td><td width="6%">&#160;</td><td style="text-decoration: underline;" align="center" width="47%">&#160;&#160;&#160;&#160;/s/ Hadar Levy &#160;&#160;&#160;&#160;</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">Hadar Levy </td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">Chief Executive Officer</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%"></td></tr></table><p><font>&#160;</font></p></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<html lang="en-US">
<!-- Field: Set; Name: Tidy Processed; Value: True -->
<head>
  <title>EdgarFiling</title>
  <meta content="text/html; charset=windows-1252" />
  <meta name="GENERATOR" content="MSHTML 8.00.7601.18094" />
</head>
<body bgcolor="#ffffff">

<p style="text-align: right;"><strong>EXHIBIT 99.1</strong></p>

<p style="text-align: center;"><font style="font-size: 14pt;"><strong>BrainsWay Reports Third Quarter 2025 Financial Results and Operational
Highlights</strong></font></p>

<p style="text-align: center;"><strong></strong></p>

<p>

<p align="center"><em>R</em><em>evenue</em> <em>increase</em><em>d</em><em> 29% </em><em>to</em><em> $</em><em>13.5</em><em> million</em>
<em>in</em> <em>Q3 2025</em> <em>as </em><em>compared </em><em>with</em> <em>Q</em><em>3</em><em> 202</em><em>4</em></p>

<p align="center"><em>Operating </em><em>income</em> <em>totaled $</em><em>1.</em><em>3</em> <em>million and Adjusted EBITDA rose</em>
<em>approximately 80%</em> <em>to $</em><em>2.0</em><em> million </em><em>in Q3 2025, as</em><em> compared </em><em>with</em><em> Q3 2024</em></p>

<p align="center"><em>Remaining performance obligations increased to $</em><em>6</em><em>5</em><em> million</em></p>

<p align="center"><em>FDA cleared an accelerated protocol </em><em>for</em><em> Deep TMS treatment of patients with major depressive disorder
(MDD</em><em>)</em></p>

<p align="center"><em>Rais</em><em>ed</em> <em>m</em><em>idpoint of</em> <em>full-year 2025 Revenue and EBITDA guidance</em></p>

<p align="center"><em>Conference </em><em>c</em><em>all to be </em><em>h</em><em>eld </em><em>t</em><em>oday at 8:30 AM ET</em></p>

<p align="justify">BURLINGTON, Mass. and JERUSALEM, Israel, Nov. 11, 2025 (GLOBE NEWSWIRE) -- BrainsWay Ltd. (NASDAQ &amp; TASE: BWAY)
(&#8220;BrainsWay&#8221; or the &#8220;Company&#8221;), a global leader in advanced noninvasive neurostimulation treatments for mental
health disorders, today reported third quarter 2025 financial results and provided an operational update.</p>

<p align="justify"><strong>Recent Financial and Operational Highlights</strong></p>

<ul type="disc">

<li style="text-align:justify;">Revenue in the third quarter of 2025 increased 29% to $13.5 million, compared to the third quarter of
2024.</li>

<li style="text-align:justify;">Approximately 70% of recent customer engagements are structured as multi-year lease agreements.</li>

<li style="text-align:justify;">Currently have $65 million in remaining performance obligations from customers under multi-year contracts.</li>

<li style="text-align:justify;">Shipped a net total of 90 Deep TMS&#153; systems during the third quarter of 2025, a 43% increase compared
to the same period last year. Total installed base now stands at more than 1,600 systems.</li>

<li style="text-align:justify;">Gross margin for the third quarter of 2025 was 75%, compared to 74% in the prior year period.</li>

<li style="text-align:justify;">Operating income for the third quarter of 2025 was $1.3 million, compared with $0.3 million for the prior
year period.</li>

<li style="text-align:justify;">Adjusted EBITDA<sup>1</sup> for the third quarter of 2025 increased 81% to $2.0 million, compared to $1.1
million for the third quarter of 2024.</li>

<li style="text-align:justify;">Net profit for the third quarter of 2025 increased 137% to $1.6 million, compared to $0.7 million for
the third quarter of 2024.</li>

<li style="text-align:justify;">As of September 30, 2025, cash, cash equivalents, and restricted cash totaled $70.7 million.</li>

<li style="text-align:justify;">The U.S. Food and Drug Administration (FDA) cleared BrainsWay&#8217;s Accelerated Deep TMS&#153; protocol
for the non-invasive treatment of Major Depressive Disorder (MDD), including patients with comorbid anxiety symptoms.</li>

<li style="text-align:justify;">The NIH has awarded a $2.5 million, five-year R01 grant to researchers at Stanford University and the
Palo Alto Veterans Institute for Research to study the mechanism and efficacy of an accelerated Deep TMS protocol, using BrainsWay&#8217;s
device for the treatment of Alcohol Use Disorder (AUD).</li>

<li style="text-align:justify;">Announced four new minority equity investments in 2025, expanding strategic presence across the mental
health treatment ecosystem.</li>

<li style="text-align:justify;">Announced an initial $5 million strategic investment in Neurolief Ltd., a developer of the world&#8217;s
first wearable, non-invasive, multi-channel brain neuromodulation platform for home use, with an option to acquire the company.<br /></li></ul>

<p align="justify"><strong>Full</strong><strong>-</strong><strong>Year 202</strong><strong>5</strong><strong> Financial Guidance</strong></p>

<ul type="disc">

<li style="margin-top:5pt; margin-bottom:5pt;">With results continuing to trend toward the high end of expectations and improved visibility
into the remainder of the year, the Company is raising the midpoint and narrowing its full-year 2025 financial outlook: including:

<ul type="circle">

<li style="margin-top:5pt; margin-bottom:5pt;">Revenues of $51 million &#8211; $52 million, up from the previous guidance of $50 million
&#8211; $52 million;</li>

<li style="margin-top:5pt; margin-bottom:5pt;">Operating income of 6% &#8211; 7%, up from the previous guidance of 4% &#8211; 5%; and</li>

<li style="margin-top:5pt; margin-bottom:5pt;">Adjusted EBITDA of 13% &#8211; 14%, up from the previous guidance of 12% &#8211; 13%.&#160;</li></ul>
</li></ul>

<p align="justify">&#8220;Market dynamics continue to align in our favor as we maintained strong top-line growth and increased profitability.
Our Deep TMS system drove record demand in the third quarter of 2025, with meaningful adoption among both existing and new customers.
Looking ahead, we see significant opportunities to extend our leadership through new therapeutic indications, accelerated treatment protocols,
and broader market adoption initiatives, including potential strategic collaboration involving complementary technologies such as the
at-home solutions offered by Neurolief following our recent investment in that company&#8221; said Hadar Levy, BrainsWay&#8217;s Chief
Executive Officer.</p>

<p align="justify">&#8220;With much of our revenue derived from multi-year customer agreements, we believe we have built a solid foundation
for sustainable growth. In line with this, we continue to take deliberate steps to generate long-term value for shareholders. To this
end, over the past year, we have gained significant momentum with our strategic initiative to invest in high-performing mental health
providers through minority equity investments. To date in 2025, we have announced four such investments and are evaluating additional
opportunities. In addition to our potential as equity investors, we believe this initiative has the potential to support our core business
by accelerating awareness of therapies like Deep TMS with these mental health clinics and their patients,&#8221; concluded Mr. Levy.</p>

<p align="justify"><strong>C</strong><strong>all </strong><strong>and </strong><strong>Webcast</strong></p>

<p align="justify">BrainsWay&#8217;s management will host a conference call on Tuesday, November 11, 2025, at 8:30 a.m. Eastern Time to
discuss these results and answer questions.</p>

<p align="justify">Tuesday, November 11, 2025, at 8:30 AM Eastern Time:</p>

<table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; ">
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: middle ; ">United States:</td>
    <td style="vertical-align: middle ; ">1-877-300-8521</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: middle ; ">International:</td>
    <td style="vertical-align: middle ; ">1-412-317-6026</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: middle ; ">Israel:<br />Conference ID:</td>
    <td style="vertical-align: middle ; ">1-80-921-2373<br />10203968</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: middle ; ">Webcast:</td>
    <td style="vertical-align: middle ; ">Link</td></tr>
  </table>

<p align="justify">The conference call will be broadcast live and will be available for replay for 30 days on the Company&#8217;s website,
https://investors.brainsway.com/events-and-presentations/event-calendar. Please access the Company&#8217;s website at least 10 minutes
ahead of the conference call to register.</p>

<p align="justify"><strong>Non-IFRS Financial Measures</strong></p>

<p align="justify">In addition to our results determined in accordance with International Financial Reporting Standards (IFRS), including
in particular operating profit and net profit, we believe that Adjusted EBITDA, a non-IFRS measure, is useful in evaluating our operating
performance. We define Adjusted EBITDA as net profit adjusted for depreciation and amortization, finance income, finance expenses, income
taxes, cost of share-based payments, and one-time restructuring and litigation expenses.</p>

<p align="justify">In addition to operating income (loss) and net income (loss), we use Adjusted EBITDA as a measure of operational efficiency.
We believe that this non-IFRS financial measure is useful to investors for period-to-period comparisons of our business and in understanding
and evaluating our operating results for the following reasons:</p>

<ul type="disc">

<li style="text-align:justify;">Adjusted EBITDA is widely used by investors and securities analysts to measure a company&#8217;s operating
performance without regard to items such as stock-based compensation expenses, depreciation and amortization, finance expenses, income
taxes, and certain one-time items such as restructuring and litigation expenses, that can vary substantially from company to company depending
upon their financing, capital structures and the method by which assets were acquired.</li>

<li style="margin-bottom:8pt; text-align:justify;">Our management uses Adjusted EBITDA in conjunction with IFRS financial measures for
planning purposes, including the preparation of our annual operating budget, as a measure of operating performance and the effectiveness
of our business strategies and in communications with our board of directors concerning our financial performance; and Adjusted EBITDA
provides consistency and comparability with our past financial performance, facilitates period-to-period comparisons of operations, and
also facilitates comparisons with other peer companies, many of which use similar non-IFRS or non-GAAP financial measures to supplement
their IFRS or GAAP results.</li></ul>

<p align="justify">Adjusted EBITDA, however, should not be considered as an alternative to operating profit (loss) or net profit (loss)
for the period and may not be indicative of the historic operating results of the Company; nor is it meant to be predictive of potential
future results. Adjusted EBITDA is not a measure of financial performance under IFRS and may not be comparable to other similarly titled
measures for other companies. A reconciliation between the Company&#8217;s net profit (loss) and Adjusted EBITDA is presented in the attached
summary financial statements.</p>

<p align="justify">Because of these and other limitations, you should consider Adjusted EBITDA along with other IFRS-based financial performance
measures, including net profit (loss) and our IFRS financial results.</p>

<p align="justify"><strong>About BrainsWay</strong></p>

<p align="justify">BrainsWay is a global leader in advanced noninvasive neurostimulation treatments for mental health disorders. The Company
is boldly advancing neuroscience with its proprietary Deep Transcranial Magnetic Stimulation (Deep TMS&#153;) platform technology to improve
health and transform lives. BrainsWay is the first and only TMS company to obtain three FDA-cleared indications backed by pivotal clinical
studies demonstrating clinically proven efficacy. Current indications include major depressive disorder (including reduction of anxiety
symptoms, commonly referred to as anxious depression), obsessive-compulsive disorder, and smoking addiction. The Company is dedicated
to leading through superior science and building on its unparalleled body of clinical evidence. Additional clinical trials of Deep TMS
in various psychiatric, neurological, and addiction disorders are underway. Founded in 2003, with operations in the United States and
Israel, BrainsWay is committed to increasing global awareness of and broad access to Deep TMS. For the latest news and information about
BrainsWay, please visit www.brainsway.com.</p>

<p align="justify"><strong>Forward-Looking Statement</strong><strong>s</strong></p>

<p align="justify"><em>This press release contains &#8220;forward-looking statements&#8221; within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements may be preceded by the words &#8220;intends,&#8221; &#8220;may,&#8221; &#8220;will,&#8221;
&#8220;plans,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;projects,&#8221; &#8220;predicts,&#8221; &#8220;estimates,&#8221;
&#8220;aims,&#8221; &#8220;believes,&#8221; &#8220;hopes,&#8221; &#8220;potential&#8221; or similar words</em><em>, </em><em>and also</em><em>
includes any financial guidance and projections contained herein</em><em>. These forward-looking statements and their implications are
based on the current expectations of the management of the Company only and are subject to </em><em>a number of</em><em> factors and uncertainties
that could cause actual results to differ materially from those described in the forward-looking statements. 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 </em><em>in light of</em><em> additional research or otherwise.
The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements:</em>
<em>risks relating to the Company&#8217;s ability to consummate, finance and close proposed or potential investments,</em><em> 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 on the Company&#8217;s
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 Company&#8217;s 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.</em></p>

<p align="justify"><em>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 </em><em>as a result of</em><em> 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 &#8220;Risk Factors&#8221; in the Company&#8217;s filings with
the U.S. Securities and Exchange Commission.</em></p>

<p><strong>Contacts:&#160;</strong><br />BrainsWay:<br />Ido Marom<br />Chief Financial Officer<br />Ido.Marom@BrainsWay.com</p>

<p><strong>Investors:</strong><br />Brian Ritchie<br />LifeSci Advisors LLC<br />britchie@lifesciadvisors.com</p>

<p><br />_____________________<BR /></SUP></SUB><SUB><SUP>1</SUP> See Adjusted EBITDA details and reconciliation table in the appendix
below.</p>

<!-- Field: Page; Sequence: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p></p>

<table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; ">
  <tr>
    <td style="max-width:56%; width:66.5626%; min-width:56%;;vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:5%; width:1.92681%; min-width:5%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="max-width:18%; width:12.8746%; min-width:18%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2.80264%; min-width:2%;;vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:1%; width:0.963406%; min-width:1%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="max-width:18%; width:12.9622%; min-width:18%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td colspan="9" style="width:99.0556%;;text-align: center ; vertical-align: middle; vertical-align: middle ; "><strong>BRAINSWAY LTD. AND
        SUBSIDIARIES</strong><br /></td>
    <td style="width:0.963406%;;text-align: center ; vertical-align: middle; vertical-align: middle ; ">&#160;</td></tr>
  <tr>
    <td colspan="9" style="width:99.0556%;;text-align: center ; vertical-align: middle; vertical-align: middle ; "><strong>CONSOLIDATED STATEMENTS
        OF FINANCIAL POSITION</strong><br /></td>
    <td style="width:0.963406%;;text-align: center ; vertical-align: middle; vertical-align: middle ; ">&#160;</td></tr>
  <tr>
    <td colspan="9" style="width:99.0556%;;text-align: center ; vertical-align: middle; vertical-align: middle ; "><strong>U.S. dollars in thousands</strong><br /></td>
    <td style="width:0.963406%;;text-align: center ; vertical-align: middle; vertical-align: middle ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;text-align: center ; vertical-align: middle; vertical-align: middle ; ">&#160;</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle ; ">&#160;</td>
    <td style="width:1.92681%;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; vertical-align: middle ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: center ; vertical-align: middle; vertical-align: middle ; "><strong>September&#160; 30,</strong></td>
    <td style="width:0.963406%;;text-align: center ; vertical-align: middle; vertical-align: middle ; ">&#160;</td>
    <td style="width:2.80264%;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: center ; vertical-align: middle; vertical-align: middle ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: center ; vertical-align: middle; vertical-align: middle ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: center ; vertical-align: middle; vertical-align: middle ; "><strong>December 31,</strong></td>
    <td style="width:0.963406%;;text-align: center ; vertical-align: middle; vertical-align: middle ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle ; ">&#160;</td>
    <td style="width:1.92681%;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; vertical-align: middle ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: middle ; "><strong>2025</strong></td>
    <td style="width:0.963406%;;border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: middle ; ">&#160;</td>
    <td style="width:2.80264%;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: center ; vertical-align: middle; vertical-align: middle ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: center ; vertical-align: middle; vertical-align: middle ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: middle ; "><strong>2024</strong></td>
    <td style="width:0.963406%;;border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: middle ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;text-align: center ; vertical-align: middle; vertical-align: bottom ; "><u>ASSETS</u></td>
    <td style="width:1.92681%;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>(Unaudited)</strong><strong><br /></strong></td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>(Audited)</strong></td>
    <td style="width:0.963406%;;text-align: center ; vertical-align: middle; vertical-align: middle ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: bottom ; ">Current Assets</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: middle ; ">&#160;</td></tr>
  <tr>
    <td style="max-width:68%; width:66.5626%; min-width:68%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Cash
        and cash equivalents</td>
    <td style="max-width:2%; width:1.92681%; min-width:2%;;vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2.01439%; min-width:2%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="max-width:11%; width:10.8602%; min-width:11%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">70,458</td>
    <td style="max-width:1%; width:0.963406%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:1%; width:2.80264%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:1%; width:0.963406%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2.01439%; min-width:2%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="max-width:11%; width:10.9478%; min-width:11%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">69,345</td>
    <td style="max-width:1%; width:0.963406%; min-width:1%;;vertical-align: middle ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: middle ; ">Restricted cash</td>
    <td style="width:1.92681%;;vertical-align: middle ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: middle ; ">251</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: middle ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: middle ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: middle ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: middle ; ">271</td>
    <td style="width:0.963406%;;vertical-align: middle ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Trade receivables, net</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">5,129</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">4,596</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Inventory</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">4,418</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">4,426</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Other current financial
        assets</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">1,079</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">-</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Other current assets</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">1,598</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">1,032</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">82,933</td>
    <td style="width:0.963406%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">79,670</td>
    <td style="width:0.963406%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: bottom ; ">Non-Current Assets</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Investments in financial
        assets&#160;</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">12,567</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">-</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">System components</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">2,912</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">1,707</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Leased systems, net</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">4,561</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">3,959</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Other property and equipment,
        net</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">787</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">752</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Right-of-use assets</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">5,757</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">5,530</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Other long-term assets</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">3,545</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">2,698</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">30,129</td>
    <td style="width:0.963406%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">14,646</td>
    <td style="width:0.963406%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.01439%;;border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="width:10.8602%;;border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">113,062</td>
    <td style="width:0.963406%;;border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.01439%;;border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="width:10.9478%;;border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">94,316</td>
    <td style="width:0.963406%;;border-bottom: double black 3pt ; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;text-align: center ; vertical-align: middle; vertical-align: bottom ; "><u>LIABILITIES AND EQUITY</u></td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: bottom ; ">Current Liabilities</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Trade payables</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.01439%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="width:10.8602%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">2,791</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.01439%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="width:10.9478%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">2,868</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Deferred revenues</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">13,615</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">4,434</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Liability in respect
        of government grants</td>
    <td style="width:1.92681%;;text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">2,488</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">1,293</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Current maturities of
        lease liabilities</td>
    <td style="width:1.92681%;;text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">1,043</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">824</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Other accounts payable</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">6,056</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">5,927</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">25,993</td>
    <td style="width:0.963406%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">15,346</td>
    <td style="width:0.963406%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: bottom ; ">Non-Current Liabilities</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Deferred revenues</td>
    <td style="width:1.92681%;;text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">6,466</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">3,625</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Liability in respect
        of government grants</td>
    <td style="width:1.92681%;;text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">4,829</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">5,803</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Lease liabilities</td>
    <td style="width:1.92681%;;text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">5,709</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">4,800</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Warrants liability</td>
    <td style="width:1.92681%;;text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">-</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">2,429</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:1.92681%;;text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">17,004</td>
    <td style="width:0.963406%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">16,657</td>
    <td style="width:0.963406%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: bottom ; ">Equity</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Share capital</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">418</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">413</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Share premium</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        159,873</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        157,597</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Reserve for share-based
        payment</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        3,517</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        4,872</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Warrants</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        2,126</td>
    <td style="width:0.963406%;;text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -&#160;&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Currency Translation
        Adjustments</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (2,188</td>
    <td style="width:0.963406%;;text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (2,188</td>
    <td style="width:0.963406%;;text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Accumulated deficit</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (93,681</td>
    <td style="width:0.963406%;;text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (98,381</td>
    <td style="width:0.963406%;;text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        70,065</td>
    <td style="width:0.963406%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        62,313</td>
    <td style="width:0.963406%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.01439%;;border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="width:10.8602%;;border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        113,062</td>
    <td style="width:0.963406%;;border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.01439%;;border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="width:10.9478%;;border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        94,316</td>
    <td style="width:0.963406%;;border-bottom: double black 3pt ; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="width:66.5626%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:1.92681%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.8746%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:2.80264%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="width:12.9622%;;vertical-align: bottom ; ">&#160;</td>
    <td style="width:0.963406%;;vertical-align: bottom ; ">&#160;</td></tr>
  </table>

<p></p>

<!-- Field: Page; Sequence: 2 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p></p>

<table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; ">
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td colspan="14" style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>BRAINSWAY LTD. AND SUBSIDIARIES</strong></td></tr>
  <tr>
    <td colspan="14" style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>CONSOLIDATED STATEMENTS OF COMPREHENSIVE
        PROFIT (LOSS)</strong></td></tr>
  <tr>
    <td colspan="14" style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>U.S. dollars in thousands (except
        per share data)</strong></td></tr>
  <tr>
    <td style="text-align: center ; vertical-align: middle; vertical-align: middle ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="5" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>For
        the three months ended<br />September&#160; 30,</strong></td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="5" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><p style="margin-top: 0; margin-bottom: 0"><strong>For the nine months ended</strong></p>
                                                                                <p style="margin-top: 0; margin-bottom: 0"><strong>September&#160; 30,</strong></p></td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>2025</strong></td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>2024</strong></td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>2025</strong></td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>2024</strong></td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="5" style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>(Unaudited)</strong><strong><br /></strong></td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="5" style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>(Unaudited)</strong></td></tr>
  <tr>
    <td style="max-width:38%; width:38%; min-width:38%;;vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Revenues</td>
    <td style="max-width:2%; width:2%; min-width:2%;;vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="max-width:12%; width:12%; min-width:12%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        13,512</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="max-width:12%; width:12%; min-width:12%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        10,502</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="max-width:12%; width:12%; min-width:12%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        37,680</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="max-width:12%; width:12%; min-width:12%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        29,602</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Cost
        of revenues</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        3,353</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        2,781</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        9,412</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        7,532</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Gross profit</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        10,159</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        7,721</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        28,268</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        22,070</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Research
        and development expenses, net</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        2,396</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,809</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        7,072</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        5,146</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Selling
        and marketing expenses</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        4,729</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        4,108</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        13,831</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        11,731</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">General
        and administrative expenses</td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,781</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,523</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        4,958</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        4,233</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Total operating expenses</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        8,906</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        7,440</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        25,861</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        21,110</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Operating profit</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,253</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        281</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        2,407</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        960</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Finance income</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,126</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        830</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        4,540</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,945</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Finance Expense</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        571</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        374</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,778</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,182</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Profit before income taxes</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,808</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        737</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        5,169</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,723</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Income taxes</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        242</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        75</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        469</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        350</td></tr>
  <tr>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Net profit and total comprehensive profit</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td colspan="1" style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,566</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td colspan="1" style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        662</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td colspan="1" style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        4,700</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td colspan="1" style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,373</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Basic net income per share</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td colspan="1" style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        0.04</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td colspan="1" style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        0.02</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td colspan="1" style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        0.12</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td colspan="1" style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        0.04</td></tr>
  <tr>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Diluted net income per share</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td colspan="1" style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        0.04</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td colspan="1" style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        0.02</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td colspan="1" style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        0.11</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td colspan="1" style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        0.04</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td></tr>
  </table>

<p></p>

<!-- Field: Page; Sequence: 3 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p></p>

<table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; ">
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td colspan="16" style="text-align: center ; vertical-align: middle; vertical-align: middle ; "><strong>BRAINSWAY LTD. AND SUBSIDIARIES</strong><br /></td>
    <td class="hugin">&#160;</td></tr>
  <tr>
    <td colspan="16" style="text-align: center ; vertical-align: middle; vertical-align: middle ; "><strong>CONSOLIDATED STATEMENTS OF CASH FLOWS</strong><br /></td>
    <td class="hugin">&#160;</td></tr>
  <tr>
    <td colspan="16" style="text-align: center ; vertical-align: middle; vertical-align: middle ; "><strong>U.S. dollars in thousands</strong><br /></td>
    <td class="hugin">&#160;</td></tr>
  <tr>
    <td style="text-align: center ; vertical-align: middle; vertical-align: middle ; ">&#160;</td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: middle ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="7" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>For
        the three months ended<br />September&#160; 30,</strong><br /></td>
    <td style="vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="7" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><p style="margin-top: 0; margin-bottom: 0"><strong>For the nine months ended</strong></p>
                                                                                <p style="margin-top: 0; margin-bottom: 0"><strong>September&#160; 30,</strong><br /></p></td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>2025</strong><br /></td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>2024</strong><br /></td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>2025</strong><br /></td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>2024</strong><br /></td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="6" style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>(Unaudited)</strong><br /></td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="6" style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>(Unaudited)</strong><br /></td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">Cash flows from operating activities:</td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="max-width:40%; width:40%; min-width:40%;;vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Total
        comprehensive profit</td>
    <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="max-width:11%; width:11%; min-width:11%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,566</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="max-width:11%; width:11%; min-width:11%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        662</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="max-width:11%; width:11%; min-width:11%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;
        4,700</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="max-width:11%; width:11%; min-width:11%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;
        1,373</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Adjustments to reconcile net profit
        to net cash provided by operating activities:</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: bottom ; ">Adjustments to profit or loss items:</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Depreciation and amortization</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        179</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        188</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        550</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        308</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Depreciation of leased systems</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        225</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        260</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        636</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        755</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Impairment and disposal of inventory
        and system components</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        68</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        600</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        236</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,242</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Finance income, net</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (555</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (456</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160; (2,762</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (763</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Cost of share based payment</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        364</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        388</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        916</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,057</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Income taxes</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        242</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        75</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        469</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        350</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">Total adjustments to reconcile profit</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        523</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,055</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        45</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        2,949</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">Changes in asset and liability items:</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Decrease (increase) in inventory</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (115</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (465</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        310</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (572</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Decrease (increase) in trade receivables</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (1,246</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        415</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (419</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        295</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Decrease (increase) in other current
        assets</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (796</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        41</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (532</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        72</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Increase (decrease) in trade payables</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,551</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (366</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (139</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        514</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Increase (decrease) in other accounts
        payable</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,330</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        456</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        492</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (74</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Increase (decrease) in deferred revenues</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (2,669</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (52</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160; 12,022</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,151</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">Total changes in asset and liability</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: middle; text-align: left; padding-left: 15.0px; border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;
        (1,945</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: middle; text-align: left; padding-left: 15.0px; border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        29</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: middle; text-align: left; padding-left: 15.0px; border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;
        11,734</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: middle; text-align: left; padding-left: 15.0px; border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;
        1,386</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Cash paid and received during the period for:</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Interest paid</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (34</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (81</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (88</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (104</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Interest received</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,274</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        613</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3,022</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160; 2,194</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Income taxes paid</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        2</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (634</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (994</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">Total cash received during the period</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,242</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        532</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        2,300</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,096</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">Net cash provided by operating activities:</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,386</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        2,278</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;
        18,779</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        6,804</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">Cash flows from investing activities:</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Purchase of property and equipment and
        system components, net</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (800</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (1,300</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160; (3,009</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160; (2,871</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Withdrawal of restricted cash</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        20</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Proceeds from lease assets</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        40</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Purchase of financial assets measured
        at fair value&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (7,300</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160; (12,300</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Proceeds from short-term bank deposits</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        10,000</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160; 35,000</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Investment in short-term bank deposits</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Investment of long-term deposits, net</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (535</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (34</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160; (1,171</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (15</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td></tr>
  <tr>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Net cash provided by (used in) investing activities</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,365</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (1,334</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;
        (16,460</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;
        32,154</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Cash flows from financing activities:</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Repayment of liability in respect of
        research and development grants</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (572</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (641</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160; (1,104</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Exercise of share options</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        19</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Repayment of lease liability</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (208</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (126</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (586</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (237</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td></tr>
  <tr>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Net cash used in financing activities</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (208</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (698</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;
        (1,227</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;
        (1,322</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td></tr>
  <tr>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Exchange rate differences on cash and cash equivalents</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        3</td>
    <td style="border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        17</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        21</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (29</td>
    <td style="border-bottom: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Increase in cash and cash equivalents</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        2,546</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        263</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,113</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160; 37,607</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Cash and cash equivalents at the beginning of the period</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        67,912</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        47,864</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;
        69,345</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;
        10,520</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">Cash and cash equivalents at the end of the period</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        70,458</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        48,127</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160; 70,458</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160; 48,127</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">(a) Significant non cash transactions:</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Change in prepaid expenses recognized
        with corresponding liability&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (1,631</td>
    <td style="border-bottom: double black 3pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">-</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">(144</td>
    <td style="border-bottom: double black 3pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">-</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Right-of-use asset recognized with corresponding
        lease liability</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        638</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        5,469</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        835</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;
        5,650</td>
    <td style="border-bottom: double black 3pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160; &#160; &#160; &#160; &#160; &#160; &#160;
        &#160; &#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
  </table>

<p></p>

<!-- Field: Page; Sequence: 4 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p></p>

<table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; ">
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td colspan="16" style="text-align: center ; vertical-align: middle; vertical-align: middle ; "><strong>BRAINSWAY LTD.</strong><br /></td>
    <td class="hugin">&#160;</td></tr>
  <tr>
    <td colspan="16" style="text-align: center ; vertical-align: middle; vertical-align: middle ; "><strong>A reconciliation of Adjusted EBITDA
        to net profit, the most directly comparable IFRS measure, is set forth below:&#160;&#160;</strong><br /></td>
    <td class="hugin">&#160;</td></tr>
  <tr>
    <td colspan="16" style="text-align: center ; vertical-align: middle; vertical-align: middle ; "><strong>U.S. dollars in thousands (except
        share and per share data)</strong><br /></td>
    <td class="hugin">&#160;</td></tr>
  <tr>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="7" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>For
        the three months ended<br />September&#160; 30,</strong><br /></td>
    <td style="vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="7" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>For
        the nine months ended<br />September&#160; 30,</strong><br /></td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>2025</strong><br /></td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>2024</strong><br /></td>
    <td style="vertical-align: middle; text-align: left; padding-left: 30.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>2025</strong><br /></td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>2024</strong><br /></td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="6" style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>(Unaudited)</strong><br /></td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="6" style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>(Unaudited)</strong><br /></td>
    <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="max-width:39%; width:39%; min-width:39%;;text-align: left ; vertical-align: middle; vertical-align: bottom ; "><strong>Net profit
        and total comprehensive profit</strong></td>
    <td style="max-width:2%; width:2%; min-width:2%;;vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="max-width:11%; width:11%; min-width:11%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,566</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="max-width:11%; width:11%; min-width:11%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        662</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="max-width:11%; width:11%; min-width:11%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;
        4,700</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="max-width:11%; width:11%; min-width:11%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,373</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Finance income, net</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (555</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (456</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160; (2,762</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        (763</td>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Income taxes</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        242</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        75</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        469</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        350</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Depreciation and amortization</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        179</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        188</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        550</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        308</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Depreciation of leased systems</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        225</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        260</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        636</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        755</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Cost of share based payment</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        364</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        388</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        916</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,057</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Restructuring and litigation Cost</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        258</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        -</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="text-align: left ; vertical-align: middle; vertical-align: bottom ; "><strong>Adjusted EBITDA</strong></td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        2,021</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        1,117</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;
        4,767</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">$</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        3,080</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td></tr>
  <tr>
    <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
  </table>

<p></p> </p>

<p />

</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
