Estados financieros detallados de Ekso Bionics Holdings, Inc. (EKSO): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Ekso Bionics Holdings, Inc. registró ingresos de $12.8M en el último ejercicio fiscal, con un CAGR de 5 años del 7.6%.
Márgenes de los últimos 12 meses: margen bruto 52.9%, margen operativo -134.1%, margen neto -135.7%.
Al precio actual de $15.90, EKSO presenta beneficios negativos (P/E no significativo) y un ROE del -177.40%. La capitalización bursátil es de $39M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $14.2M | $7.4M | $11.3M | $13.9M | $8.9M | $11.2M | $12.9M | $18.3M | $17.9M | $12.8M |
| Coste de Ventas | $11.3M | $5.3M | $7.0M | $7.2M | $3.8M | $4.5M | $6.7M | $9.2M | $8.4M | $6.0M |
| Beneficio Bruto | $2.9M | $2.1M | $4.3M | $6.8M | $5.1M | $6.7M | $6.2M | $9.1M | $9.5M | $6.8M |
| I+D | $8.9M | $9.5M | $5.8M | $4.6M | $2.5M | $2.7M | $3.6M | $5.0M | $3.9M | $3.0M |
| Generales y Administrativos | $21.9M | $23.9M | $25.5M | $18.8M | $15.5M | $17.8M | $18.1M | $19.2M | $16.1M | $17.1M |
| Gastos Operativos | $30.7M | $33.4M | $31.4M | $23.4M | $17.9M | $20.6M | $21.8M | $24.2M | $20.0M | $20.2M |
| Beneficio Operativo | -$27.6M | -$31.6M | -$27.0M | -$16.6M | -$12.9M | -$13.8M | -$15.6M | -$15.1M | -$10.5M | -$13.3M |
| EBITDA | -$21.6M | -$26.7M | -$24.9M | -$11.1M | -$15.1M | -$9.1M | -$14.0M | -$13.2M | -$9.5M | -$9.8M |
| Gastos por Intereses | $16000 | $648000 | $600000 | $384000 | $139000 | $113000 | $156000 | $302000 | $269000 | $309000 |
| Beneficio Antes de Impuestos | -$23.5M | -$29.1M | -$27.0M | -$12.1M | -$15.8M | -$9.8M | -$15.1M | -$15.2M | -$11.3M | -$11.7M |
| Impuestos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$23.5M | -$29.1M | -$27.0M | -$12.1M | -$15.8M | -$9.8M | -$15.1M | -$15.2M | -$11.3M | -$11.7M |
| BPA | $-419.75 | $-184.01 | $-99.19 | $-37.96 | $-33.13 | $-12.01 | $-17.45 | $-16.44 | $-8.43 | $-4.91 |
| BPA Diluido | $-419.75 | $-184.01 | $-99.19 | $-37.96 | $-33.13 | $-13.20 | $-17.45 | $-16.44 | $-8.43 | $-4.91 |
| Acciones en Circulación (Diluidas) | $80559 | $158262 | $272128 | $319604 | $477599 | $817933 | $864133 | $924466 | $1.3M | $2.4M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Ingresos | $2.1M | $4.2M | $3.1M | $2.1M |
| Beneficio Bruto | $819000 | $2.5M | $1.7M | $1.1M |
| Beneficio Operativo | -$4.0M | -$1.4M | -$4.5M | -$5.6M |
| EBITDA | -$2.3M | -$1.0M | -$3.8M | -$6.3M |
| Beneficio Neto | -$2.7M | -$1.4M | -$4.7M | -$6.9M |
| BPA | $-1.24 | $-0.54 | $-1.57 | $-2.04 |
| BPA Diluido | $-1.24 | $-0.54 | $-1.57 | $-2.04 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $16.8M | $27.8M | $7.7M | $10.9M | $12.9M | $40.4M | $20.5M | $8.6M | $6.5M | $1.2M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $1.8M | $2.8M | $3.7M | $5.2M | $3.4M | $4.7M | $4.6M | $5.6M | $7.2M | $7.3M |
| Inventario | $1.6M | $3.0M | $3.4M | $2.5M | $2.0M | $2.2M | $5.2M | $5.0M | $4.6M | $4.8M |
| Activos Corrientes | $20.7M | $34.9M | $15.0M | $18.8M | $18.4M | $47.8M | $31.0M | $20.2M | $18.8M | $14.0M |
| Inmovilizado Material | $2.4M | $2.2M | $2.4M | $2.7M | $1.9M | $1.2M | $4.0M | $3.0M | $2.4M | $1.8M |
| Fondo de Comercio | $189000 | $189000 | $189000 | $189000 | 0 | 0 | $431000 | $431000 | $431000 | $431000 |
| Activos Intangibles | $1.0M | $491000 | 0 | 0 | 0 | 0 | $5.2M | $4.9M | $4.6M | $3.5M |
| Activos Totales | $24.4M | $38.0M | $17.7M | $21.9M | $20.6M | $49.2M | $40.9M | $28.9M | $26.7M | $20.1M |
| Cuentas por Pagar | $1.9M | $2.4M | $3.2M | $1.9M | $1.5M | $3.1M | $3.2M | $1.8M | $1.6M | $1.4M |
| Deuda a Corto | 0 | $2.1M | $2.3M | $2.8M | $548000 | $229000 | $2.3M | $1.2M | $1.2M | $3.3M |
| Pasivos Corrientes | $6.3M | $9.2M | $10.1M | $7.8M | $5.0M | $6.9M | $9.2M | $8.1M | $7.5M | $8.6M |
| Deuda a Largo | $6.8M | $4.8M | $2.6M | $407000 | $3.1M | $2.0M | $3.8M | $4.8M | $3.9M | $798000 |
| Pasivos Totales | $17.9M | $16.6M | $14.9M | $15.1M | $16.2M | $11.9M | $15.5M | $16.3M | $13.9M | $11.1M |
| Reservas | -$114.9M | -$144.2M | -$171.1M | -$183.3M | -$199.1M | -$208.9M | -$223.9M | -$239.1M | -$250.5M | -$262.4M |
| Patrimonio Neto | $6.5M | $21.4M | $2.7M | $6.8M | $4.4M | $37.2M | $25.4M | $12.6M | $12.7M | $9.0M |
| Deuda Total | $6.8M | $7.0M | $5.0M | $3.9M | $3.9M | $2.2M | $7.5M | $7.2M | $6.0M | $4.6M |
| Deuda Neta | -$10.0M | -$20.8M | -$2.7M | -$7.0M | -$9.0M | -$38.2M | -$13.0M | -$1.5M | -$510000 | $3.5M |
| Capital Circulante | $14.4M | $25.8M | $4.8M | $11.0M | $13.4M | $40.9M | $21.8M | $12.1M | $11.3M | $5.4M |
Balance (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Caja y Equivalentes | $5.2M | $2.7M | $1.2M | $4.0M |
| Activos Totales | $23.2M | $21.7M | $20.1M | $19.7M |
| Pasivos Totales | $12.2M | $12.0M | $11.1M | $13.9M |
| Patrimonio Neto | $10.9M | $9.7M | $9.0M | $5.7M |
| Deuda Total | $5.4M | $5.0M | $4.6M | $4.3M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$23.5M | -$29.1M | -$27.0M | -$12.1M | -$15.8M | -$9.8M | -$15.1M | -$15.2M | -$11.3M | -$11.7M |
| Amortizaciones | $1.9M | $1.7M | $1.5M | $690000 | $620000 | $561000 | $887000 | $1.7M | $1.6M | $1.6M |
| Compensación en Acciones | $3.1M | $2.9M | $3.1M | $2.4M | $2.6M | $2.5M | $2.7M | $2.2M | $1.6M | $1.5M |
| Cambio en Capital Circulante | -$2.1M | -$3.6M | $530000 | -$2.0M | $1.1M | -$468000 | -$2.6M | -$583000 | -$2.5M | -$2.0M |
| Flujo de Caja Operativo | -$25.0M | -$31.2M | -$22.2M | -$15.8M | -$8.8M | -$11.2M | -$14.7M | -$12.1M | -$9.8M | -$11.8M |
| Inversiones (CapEx) | -$1.1M | -$456000 | -$131000 | -$60000 | 0 | -$59000 | -$194000 | -$157000 | -$37000 | -$188000 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | -$5.0M | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | -$10.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$226000 |
| Flujo de Caja Libre | -$26.1M | -$31.7M | -$22.3M | -$15.8M | -$8.8M | -$11.2M | -$14.9M | -$12.2M | -$9.9M | -$12.0M |
Flujo de Caja (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Flujo de Caja Operativo | -$3.4M | -$2.1M | -$4.3M | -$2.1M |
| Inversiones (CapEx) | -$40000 | $50000 | -$50000 | 0 |
| Flujo de Caja Libre | -$3.5M | -$2.0M | -$4.4M | -$2.1M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $207000 | $259000 | $758000 | $114000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -48.3% | +54.1% | +22.8% | -36.2% | +26.6% | +14.8% | +41.6% | -1.9% | -28.6% |
| Crecimiento Beneficio Neto (anual) | | -24.1% | +7.3% | +55.1% | -30.4% | +38.3% | -54.4% | -0.8% | +25.5% | -3.2% |
| Crecimiento BPA (anual) | | +56.2% | +46.1% | +61.7% | +12.7% | +63.7% | -45.3% | +5.8% | +48.7% | +41.8% |
| Cambio en Acciones (anual) | | +96.5% | +71.9% | +17.4% | +49.4% | +71.3% | +5.6% | +7.0% | +45.4% | +80.5% |
| Crecimiento FCF (anual) | | -21.4% | +29.6% | +29.0% | +44.7% | -28.1% | -32.7% | +17.9% | +19.1% | -21.3% |
| Margen Bruto | 20.7% | 28.1% | 38.0% | 48.6% | 57.1% | 60.0% | 48.1% | 49.7% | 53.1% | 53.5% |
| Margen Operativo | -194.0% | -429.9% | -238.5% | -119.6% | -144.8% | -123.0% | -120.5% | -82.7% | -58.4% | -104.1% |
| Margen EBITDA | -151.9% | -363.7% | -219.7% | -79.5% | -169.6% | -80.8% | -108.7% | -72.2% | -52.7% | -76.7% |
| Margen Neto | -165.0% | -396.1% | -238.2% | -87.2% | -178.2% | -86.8% | -116.8% | -83.1% | -63.2% | -91.4% |
| Margen FCF | -183.5% | -430.9% | -196.8% | -113.8% | -98.6% | -99.7% | -115.3% | -66.8% | -55.1% | -93.7% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-323.90 | $-200.19 | $-81.93 | $-49.54 | $-18.33 | $-13.71 | $-17.22 | $-13.21 | $-7.35 | $-4.94 |
| Dividendo por Acción | $128.42 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 |
| Acciones en Circulación (Básicas) | $80559 | $158262 | $272128 | $319604 | $477599 | $812866 | $864133 | $924466 | $1.3M | $2.4M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -177.40% |
| Rentabilidad sobre capital invertido | -108.78% |
| Rentabilidad sobre activos | -79.77% |
| Margen bruto | 52.86% |
| Margen operativo | -134.06% |
| Margen neto | -135.66% |
Salud financiera
| Deuda / Patrimonio | 0.75 |
| Ratio corriente | 1.55 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -2.13 | -2.60 | -2.81 | -2.32 | -2.78 | -3.31 | -1.02 | -2.28 | -1.09 | -1.76 |
| P/VC | 11.05 | 3.55 | 27.83 | 4.14 | 9.90 | 0.87 | 0.61 | 2.75 | 0.97 | 2.32 |
| P/V | 5.07 | 10.32 | 6.70 | 2.02 | 4.94 | 2.87 | 1.19 | 1.90 | 0.69 | 1.64 |
| Margen Bruto | 20.7% | 28.1% | 38.0% | 48.6% | 57.1% | 60.0% | 48.1% | 49.7% | 53.1% | 53.5% |
| Margen Operativo | -194.0% | -429.9% | -238.5% | -119.6% | -144.8% | -123.0% | -120.5% | -82.7% | -58.4% | -104.1% |
| Margen Neto | -165.0% | -396.1% | -238.2% | -87.2% | -178.2% | -86.8% | -116.8% | -83.1% | -63.2% | -91.4% |