I've been pondering Ekso Bionics lately and here's the byproduct of an online anonymous mind... To start, I certainly expected a drop in price during this time period because of the expired one year window for Puissance and the tax status change (to long term) for regular shareholders who took advantage of the offering from Ekso last year. You can count me as one of the folks who participated in the offering and I did so by matching all my shares. Further, when I read that Puissance was willing to hold for one year at a dollar I made (for me) a huge additional purchase of shares. To my great relief, that risk has been rewarded. Over the past year I halved my position during the two price spikes and have about a 35% profit plus the remainder of my shares (which is still a substantial position) which are "free riding." So, for me, the pressure is off on this investment.
BUT! Like everyone else, I would like to make money on the shares I hold regardless of past events. So, what does the future hold? I wish I knew, but i just don't. However, I thought I would share my thoughts going forward. To start, the biggest question is where does the price stabilize without any news of substance. Again, I wish I knew. What I do know is that if the price action takes a dive, I'm buying. Not exactly sure at what level, but I'll add to my position. The reason I'm doing that is rather mundane and it's simply because I've been very comforted by the quarterly reports. To my thinking, they are steadily building the EKSO GT business. The last few quarters have seen increasing sales and leases, and the user base seems solid and resolved to continue with this new method of treating stroke and spinal injury patients. I truly believe that is a trend that will continue and when insurance and other factors come into play it may become a more exponential growth story.
I'm getting tired of writing, so I'll add all the other items that could boost this company and it's stock:
1. The industrial business has seen great success over a very short time period. While there is competition, the untapped market potential is enormous.
2. Government contracts? Where will this lead? The VA contract was a HUGE get
3. My active imagination wonders what's happening with a home use Exoskeleton. It is very easy to imagine that they're far down the road on this monster market, but are smart enough not to share this information until they've got a wonderfully functional and elegant product completed.
We all know that exoskeletons will be commonplace in the future and everything that Ekso has done over the past year makes me believe they will be one of the companies who benefits.
