NASDAQ$EKSO

Ekso Bionics Holdings Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Ekso Bionics reported a 38% year-over-year revenue increase and achieved a record quarter of EVO unit sales.

Ekso Bionics reported a strong third quarter with a 38% increase in revenue, reaching $4.6 million, driven by solid sales of EksoHealth devices and a record number of EVO unit sales. The company's gross profit also increased by 46% to $2.5 million, with a gross margin of approximately 53%.

  • Reported revenue of $4.6 million in Q3 2023, a 38% increase year-over-year.
  • Sold a total of 41 EksoHealth devices in Q3 2023.
  • Achieved a record quarter of EVO unit sales.
  • Gross profit of $2.5 million in Q3 2023, compared to $1.7 million in the same period last year.

Headline financials

Total Revenue

$4.61M

Previous: $3.33M+38.4%
EPS (adj)

-$0.24

Previous: -$0.33+27.3%
Capital Expenditures

-$17K

Previous: $141K-112.1%
Free Cash Flow

-$3.37M

Previous: -$2.73M-23.4%
Net Income

-$3.4M

Previous: -$4.95M+31.4%
Operating Income

-$3M

Previous: -$3.65M+17.9%
Gross Profit

$2.5M

Previous: $1.69M+48.3%
Cash & Equivalents

$9.94M

Previous: $29.2M-65.9%
Total Assets

$31.2M

Previous: $39.3M-20.7%
R&D Expense

$1.16M

No prior period
Stock-Based Comp

$441K

Previous: $537K-17.9%

Revenue & EPS history

Ekso Bionics · Revenue · Quarterly

$4.61M

Q3 2023+38.4%vs Q3 2022
Beat estimate in 5 of 12 quarters(42%)
ActualEstimate

Forward guidance

Ekso Bionics anticipates potential market expansion for home and community devices for spinal cord injury patients, pending CMS rule changes and application approval.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

-4.1%

Avg return

Earnings day

-1.6%

Avg return

5 days after

-4.0%

Avg return

30 days after

23%

11 / 47 earnings

Positive

+31.9%

Q2 2018

Best reaction

-27.4%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2025-2.2%+9.6%-9.1%
Q2 2025-27.4%-23.0%-14.1%
Q1 2025-9.1%-10.4%-39.7%
Q4 2024-1.2%-19.9%-13.2%
Q3 2024-7.7%-14.7%-36.2%
Q2 2024-9.1%-9.2%+25.0%
Q1 2024-0.8%+4.8%-5.2%
Q4 2023-20.6%-22.6%-27.6%
Q3 2023-0.2%+36.2%+100.0%
Q2 2023-5.6%-11.2%-24.5%
Q1 2023+6.4%+3.6%+0.0%
Q4 2022-4.5%+7.1%-6.5%
Q3 2022-9.8%-6.7%-25.1%
Q2 2022+2.9%+7.0%+37.4%
Q1 2022-7.3%-4.9%-24.9%
Q4 2021+6.6%+7.9%+26.6%
Q3 2021+8.1%+7.1%-18.9%
Q2 2021-0.2%+4.3%-4.3%
Q1 2021+2.1%-1.8%+2.2%
Q4 2020-10.2%-8.8%-21.9%
Q3 2020-1.7%+0.5%+38.2%
Q2 2020-10.9%-13.4%-30.2%
Q1 2020-4.5%-8.1%-3.3%
Q4 2019-19.5%-13.7%-32.9%
Q3 2019-7.1%-12.9%-18.0%
Q2 2019-21.2%-23.0%-45.1%
Q1 2019-3.2%-4.1%-39.5%
Q4 2018-0.9%+2.1%+7.7%
Q3 2018+1.4%+1.9%-14.5%
Q2 2018+31.9%+44.5%+34.1%
Q1 2018-6.8%-9.7%+3.4%
Q4 2017-13.7%-13.1%-10.9%
Q3 2017-6.3%+80.4%+145.5%
Q2 2017-1.6%-1.3%-21.4%
Q1 2017-19.5%-36.3%-53.5%
Q4 2016+0.6%-6.1%+0.0%
Q3 2016+4.2%+0.2%+7.8%
Q2 2016-3.1%-2.8%-39.5%
Q1 2016-3.1%
Q4 2015-1.2%
Q3 2015-2.6%
Q2 2015-3.6%
Q1 2015-9.6%
Q4 2014+1.2%
Q3 2014+10.4%
Q2 2014-10.4%
Q1 2014-1.8%
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012

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