Rewalk Robotics (RWLK) shares are trading at roughly $1 a share - a far cry from the $25 threshold reached in September 2014 following its IPO on the Nasdaq.
While the company, which makes robotic walking systems for people with limited mobility disabilities, is operating at a loss, there is a path toward profitability, according to CEO Larry Jasinski.
"Disruptive technology can sometimes have disruptive stock patterns," he said. "This industry has taken a little longer to develop than a lot of people had expected - primarily due to reimbursements. We had plenty of people who [wanted the product] but insurance and the government had been a little slow to pay."
Jasinski said the combination of more governments willing to pay for the robotics systems coupled with new product lines is setting the company up for profitability.