The volatile market conditions don’t seem to affect the strong market position of EKSO BIONICS HOLDING (OTCBB:EKSO) by any means. As per the reports, the shares of Ekso have touched new heights after the company won an important legal fight. The legal win can lead to much more positive news in the near future, which will have long-term effects.
Insights of Matter:
Right from the start of April, the shares of Ekso have been performing well in the market due to three important reasons, i.e.-
- An individual living in United Kingdom has won the cost of a GT robotic exoskeleton of the company in a lawsuit
- The company will introduce the replacement costs from the next year
- Utilization costs of the company.
Market experts from all walks of life can be heard giving mixed feedbacks about Ekso. According to the Partner at Stewarts Law LLP named Ben Rogers, it’s the first of its kind of instance. No individual has ever been reimbursed the cost of home rehabilitation device in England & Wales. This is also the first instance when the authority has assigned a trained physiotherapist to operate the machine.
The settlement represents the ability to course the need for legal and medical experts to assist and recover the damages for the EKSO BIONICS HOLDING (OTCBB:EKSO). Rogers states that he has been bullish about company’s long-term prospects for a long time, but never in the support of heavy weighting towards rehab vertical. The global market conditions have not been stable lately, but this news can change the future outlook significantly. The company can expect to have strong financial performance in the coming months.
The management of the company is delighted and hopes that Ekso will repeat this performance as well as continue to meet the expectations of its investors in the future.