Ekso Bionics Holding (OTCBB:EKSO) On A Downward Slide

[[tagnumber 0]][[tagnumber 1]]After a slow start of the month we saw the stock of Ekso Bionics Holding (OTCBB:EKSO) make an impressive jump on May 13 in which it gained 25.53% in value for no particular reason. Instead of getting a serious correction we saw the ticker climb even higher and [[tagnumber 2]]EKSO [[tagnumber 3]]breached the $2 per share mark on May 21, closing the session with a price of $2.01.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]It seems, however, that this was as high as it can get, despite the positive news from the previous session. On May 20 the company informed us that they have secured yet another, third, contract with the U.S. Special Operations Command (SOCOM) for the Tactical Assault Light Operator Suit (TALOS) project.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]This didn’t help [[tagnumber 2]]EKSO [[tagnumber 3]]reach higher, neither did the financials. Earlier this month the company filed its report for the first quarter of the year which contained some pretty impressive numbers by OTC standards.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 17]] [[tagnumber 18]]cash: $21.13 million[[tagnumber 19]] [[tagnumber 18]]current assets: $25.55 million[[tagnumber 19]] [[tagnumber 18]]current liabilities: $6.7 million[[tagnumber 19]] [[tagnumber 18]]quarterly revenues: $1.68 million[[tagnumber 19]] [[tagnumber 18]]quarterly net loss: $4.11 million[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]There is no doubt that the company has sufficient funds to carry on with its operations and we see some pretty decent revenues. The net loss, however, is still quite big and no one knows how long will it take for [[tagnumber 2]]EKSO [[tagnumber 3]]to achieve profitability.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Overall, the company has made some pretty good progress, but that didn’t stop it from losing another 4.89% yesterday, closing at $1.75 and recording a third red session in a row. The 663 thousand shares that changed hands while [[tagnumber 2]]EKSO [[tagnumber 3]]was slipping managed to generate $1.18 million in daily dollar volume.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Still, the current market cap of $178 million might seem a little steep for some investors so be sure to do your due diligence and weigh out the risks before making any investment decisions.[[tagnumber 4]]