Brainsway shares tumbled 13% on Monday after the announcement that its CEO Guy Ezekiel was stepping down after less than a year in the role. The first quarter results reported on Monday showed the company doubled its revenue for the quarter (to $2.5 million) and reduced its losses. The company's share price dropped by more than 50% during Ezekiel’s time in charge.
Brainsway's market cap on the Tel Aviv Stock Exchange is at a five-year low of NIS 227 million.
Brainsway's market cap on the Tel Aviv Stock Exchange is at a five-year low of NIS 227 million.
