EDISON EQUITY RESEARCH - $22.8M RAISED AND STRONG UNIT SALES IN Q3
February 06 2015 - 9:44AM
InvestorsHub NewsWire
Ekso raised $22.8m from a warrant exercise in late November and as
a result the balance sheet is strengthened and earnings volatility
from warrant accounting reduced. Q3 results showed strong unit
sales growth, but at a lower average selling price due to a higher
proportion of sales made through distributors. We see higher
distributor sales as a positive since this will be a key route for
sales growth in the mid to long term. Also, in late December, Ekso
filed a 510(k) with the FDA as a result of the reclassification of
exoskeletons as Class II devices. We have updated our forecasts to
take into account Q3 results and a new valuation approach.
Ekso Bionics is a pioneer in the field of human
robotic exoskeletons that augment mobility, strength and endurance.
It is a development-stage company based in Richmond,
California.
To view our full report, please click here
Click here to view all of Edison
Investment Research’s published reports
Ekso Bionics (NASDAQ:EKSO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ekso Bionics (NASDAQ:EKSO)
Historical Stock Chart
From Sep 2023 to Sep 2024