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Ekso Bionics reports 4Q loss

RICHMOND, Calif. (AP) _ Ekso Bionics Holdings Inc. (EKSO) on Tuesday reported a loss of $5.6 million in its fourth quarter.

On a per-share basis, the Richmond, California-based company said it had a loss of 35 cents. Losses, adjusted for non-recurring gains, were 41 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 39 cents per share.

The robotic exoskeleton company posted revenue of $2.6 million in the period.

For the year, the company reported that its loss narrowed to $23.5 million, or $2.05 per share. Revenue was reported as $14.2 million.

In the final minutes of trading on Tuesday, the company's shares hit $3.23. A year ago, they were trading at $6.37.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EKSO at https://www.zacks.com/ap/EKSO


Keywords: Ekso Bionics, Earnings Report