Ekso Bionics Holding (OTCBB:EKSO) Rising In Anticipation
[[tagnumber 0]][[tagnumber 1]]After a decent run up in August we saw the stock of Ekso Bionics Holding (OTCBB:EKSO) hesitate throughout most of September and then rapidly drop in the end of the month. October went a bit slower and the daily percentile movements weren’t really big, with the stock keeping a level above the $1 per share mark.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Let’s not forget that the company stock has managed to keep a rather decent market cap in the course of time and remain rather stable, despite the ups and downs. One of the reasons for this is the solid balance sheet that [[tagnumber 6]]EKSO[[tagnumber 7]] has to offer. Here is a quick look at the numbers of prime interest contained in the financial report for the second quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $16.2 million[[tagnumber 13]] [[tagnumber 12]]current assets: $22.1 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $8.3 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $2.1 million[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $5.6 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company is also working on projects in different sectors, ranging from medical devise, to industry, to military, providing exoskeleton solutions. It has been involved in the TALOS project for which it was chosen by Google’s Boston Dynamics.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company announced that it will update investors on the Q3 highlights on November 5, a thing that has triggered some upward movement lately. This week started with the biggest percentile gain in a while as [[tagnumber 6]]EKSO[[tagnumber 7]] climbed 6.84% and finished the day at $1.25 after a total of 494 thousand shares were traded and generated $601 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see the ticker taking upward steps in today’s trading as well, but the current market cap doesn’t suggest a lot of volatility. Any trades should be preceded by extensive due diligence.[[tagnumber 2]]
