Ekso Bionics Holdings Inc (EKSO)

[Majestic_Delight]

Well, since this board is hopping after the ER I guess that I will start a thread on the high points:

1) Top line revenue up, but GT unit sells down so a larger portion of rentals must have been converted to sales?
2) industrial product sales up, but based on 185 units sold, 52 must have been vests (down from Q4) and 133 mounts (way up from Q4)
3) cash burn is down and cash position is increasing with ATM and first traunch of China JV. Given ~$20MM remaining in ATM, $9MM on the books and $5MM still to come from China JV should be good on cash well into next year.
4) Gross margins flat. Possibly improved margins offset by increase in personnel expenses. Dunno
5) Sales in late Q1 that won’t be reported until Q2... could be a nice kicker next quarter!
6) No word on Japan JV Task or much information on trials beyond that they are progressing. Don’t always understand why that can’t name who they are working with specifically, but JP did mention all the industries that they have trials and it was significant.
7) since they haven’t reported the second China JV traunch it is safe to say that they didn’t start shipping units in Q1.

Overall, my expectations on earnings were higher, but solid progress nonetheless.