The stock price of EKSO BIONICS HOLDING (OTCBB:EKSO) fell substantially during Wednesday’s trading session for lack of information from the company’s end. The company that designs and sells robots in help people stand back on their feet lost ground on unavailability of any update that can propel investors’ interest.

The stock of the company declined by more than 10% to $1.69 during yesterday’s session, as only 1.01 million shares changed hands.

The most recent update

The only recent update that emerged from the company’s end was information pertaining to the appointment of Amy Wendell on the company’s Board. EKSO BIONICS HOLDING (OTCBB:EKSO) helped its share price rally following the announcement as investors welcomed Wendell’s appointment, given her experience in the healthcare field.

It is noteworthy that prior to joining Ekso’s board, Wendell served Covidien Pla (NYSE:COV) in the capacity of Senior VP of “Strategy and Business Development”. During her tenure with Covidien, Wendell was instrumental in executing several acquisition plans, which comprised of players with advanced technologies in the field of healthcare. Wendell’s robust portfolio at Covidien sent reassurance to EKSO BIONICS HOLDING (OTCBB:EKSO)’s investors that she will follow the suit at the new company.

Investors are wary

While investors are keen on learning about the company’s forward plans following the appointment, the recent financial results released by EKSO BIONICS HOLDING (OTCBB:EKSO) has been unimpressive. As per the report for the period ended on December 31, 2014, the company managed to increase its total revenue from $3 million to $5 million year-over-year.

However, the company’s excessive operating expenses have led its net profit into the negative zone, which stood at $33 million as against $11 million, a year ago. Clearly, the company’s weak financials coupled with the scarcity of any new progress is making its investors wary. Thus, it is need of the hour for the company to keep the information flowing in order to sustain.

Previous articleTOTALLY HEMP CRAZY (OTCMKTS:THCZ) Tumbles Down Once Again
Next articleElite Data Services Inc (OTCBB:DEAC) Finalizes Acquisition Of Gaming Asset And Distribution License
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg,,, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.