Exhibit 12.1

REWALK ROBOTICS LTD.

STATEMENT REGARDING COMPUTATION OF

RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth our earnings to fixed charges for each of the periods indicated (in thousands):

	Year ended December 31,
	2012			2013			2014			2015
EARNINGS:
Loss before income taxes	$	(6,637	)	$	(12,155	)	$	(21,623	)	$	(25,362	)
Add:
Fixed charges	$	883		$	3,325		$	1,437		$	63
Total earnings	$	(5,754	)	$	(8,830	)	$	(20,186	)	$	(25,299	)
COMPUTATION OF FIXED CHARGES:
Interest expense	$	838		$	3,277		$	1,401		$	-
Interest portion  of operating lease expenses	$	45		$	48		$	36		$	63
Total fixed charges	$	883		$	3,325		$	1,437		$	63
RATIO OF EARNINGS TO FIXED CHARGES:		N/A			N/A			N/A			N/A
Deficiency of earnings available to cover fixed charges	$	(6,637	)	$	(12,155	)	$	(21,623	)	$	(25,362	)

For purposes of computing the ratio of earnings to fixed charges, earnings consist of loss before income taxes plus fixed charges. Fixed charges consist of interest expense (including financial expenses related to the issuance and revaluation of warrants to purchase convertible preferred shares and financial expenses related to convertible loans) and that portion of rental expense deemed representative of interest. Earnings were insufficient to cover combined fixed charges by $6,637, $12,155, $21,623 and $25,362 for the years ended December 31, 2012, 2013, 2014 and 2015, respectively.