The brief

Analyst view

• 2026 revenue guidance raised to $68–70M (+30–34%); SWIFT protocol reaches 57M covered lives.
• Q2 2026: revenue +35% to $17.1M, 125 systems shipped, 12th consecutive profitable quarter.
• FDA-cleared for depression, OCD, smoking; 1,950 systems installed; trading NASDAQ BWAY and TASE BRIN.

Technical approach

As reported

H-coil geometry

Deeper magnetic field penetration

H-shaped coil reaches deeper brain structures than flat coils, targeting the dorsolateral prefrontal cortex without surgery.

Repetitive pulses

Stimulation protocol

High-frequency magnetic pulses are repeated over weeks to weeks of treatment. The accelerated SWIFT protocol speeds therapy to 4 weeks.

Non-invasive

Outpatient delivery

Sessions take 20–30 minutes with the coil placed on the scalp, allowing treatment without surgery or sedation.