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Side-by-side financial comparison of EKSO BIONICS HOLDINGS, INC. (EKSO) and SemiLEDs Corp (LEDS). Click either name above to swap in a different company.

EKSO BIONICS HOLDINGS, INC. is the larger business by last-quarter revenue ($3.1M vs $2.6M, roughly 1.2× SemiLEDs Corp). SemiLEDs Corp runs the higher net margin — -28.9% vs -148.9%, a 120.0% gap on every dollar of revenue. On growth, SemiLEDs Corp posted the faster year-over-year revenue change (103.7% vs -38.3%). SemiLEDs Corp produced more free cash flow last quarter ($331.0K vs $-4.5M). Over the past eight quarters, SemiLEDs Corp's revenue compounded faster (70.3% CAGR vs -8.6%).

Ekso Bionics Holdings Inc. is a company that develops and manufactures powered exoskeleton bionic devices that can be strapped on as wearable robots to enhance the strength, mobility, and endurance of industrial workers and people experiencing paralysis and mobility issues after a brain injury, stroke, multiple sclerosis (MS) or spinal cord injury. They enable individuals with any amount of lower extremity weakness, including those who are paralyzed, to stand up and walk.

SEMI is an industry association comprising companies involved in the electronics design and manufacturing supply chain. They provide equipment, materials and services for the manufacture of semiconductors, photovoltaic panels, LED and flat panel displays, micro-electromechanical systems (MEMS), printed and flexible electronics, and related micro and nano-technologies.

EKSO vs LEDS — Head-to-Head

Bigger by revenue
EKSO
EKSO
1.2× larger
EKSO
$3.1M
$2.6M
LEDS
Growing faster (revenue YoY)
LEDS
LEDS
+142.0% gap
LEDS
103.7%
-38.3%
EKSO
Higher net margin
LEDS
LEDS
120.0% more per $
LEDS
-28.9%
-148.9%
EKSO
More free cash flow
LEDS
LEDS
$4.8M more FCF
LEDS
$331.0K
$-4.5M
EKSO
Faster 2-yr revenue CAGR
LEDS
LEDS
Annualised
LEDS
70.3%
-8.6%
EKSO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
EKSO
EKSO
LEDS
LEDS
Revenue
$3.1M
$2.6M
Net Profit
$-4.7M
$-742.0K
Gross Margin
53.2%
0.7%
Operating Margin
-143.6%
-39.4%
Net Margin
-148.9%
-28.9%
Revenue YoY
-38.3%
103.7%
Net Profit YoY
-36.9%
-35.6%
EPS (diluted)
$-3.01
$-0.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EKSO
EKSO
LEDS
LEDS
Q4 25
$3.1M
$2.6M
Q3 25
$4.2M
$13.2M
Q2 25
$2.1M
$17.7M
Q1 25
$3.4M
$10.9M
Q4 24
$5.1M
$1.3M
Q3 24
$4.1M
$1.3M
Q2 24
$5.0M
$1.3M
Q1 24
$3.8M
$886.0K
Net Profit
EKSO
EKSO
LEDS
LEDS
Q4 25
$-4.7M
$-742.0K
Q3 25
$-1.4M
$-1.2M
Q2 25
$-2.7M
$223.0K
Q1 25
$-2.9M
$388.0K
Q4 24
$-3.4M
$-547.0K
Q3 24
$-2.1M
Q2 24
$-2.4M
$-319.0K
Q1 24
$-3.4M
$-559.0K
Gross Margin
EKSO
EKSO
LEDS
LEDS
Q4 25
53.2%
0.7%
Q3 25
60.3%
1.7%
Q2 25
39.8%
5.3%
Q1 25
53.5%
9.2%
Q4 24
53.3%
20.6%
Q3 24
53.5%
11.6%
Q2 24
53.3%
41.0%
Q1 24
51.9%
12.6%
Operating Margin
EKSO
EKSO
LEDS
LEDS
Q4 25
-143.6%
-39.4%
Q3 25
-33.2%
-9.0%
Q2 25
-193.2%
-0.4%
Q1 25
-101.9%
1.0%
Q4 24
-43.8%
-52.1%
Q3 24
-63.9%
Q2 24
-47.2%
-35.8%
Q1 24
-86.7%
-93.9%
Net Margin
EKSO
EKSO
LEDS
LEDS
Q4 25
-148.9%
-28.9%
Q3 25
-33.6%
-9.0%
Q2 25
-131.7%
1.3%
Q1 25
-85.7%
3.6%
Q4 24
-67.1%
-43.4%
Q3 24
-50.2%
Q2 24
-48.8%
-24.1%
Q1 24
-91.3%
-63.1%
EPS (diluted)
EKSO
EKSO
LEDS
LEDS
Q4 25
$-3.01
$-0.09
Q3 25
$-0.54
$-0.15
Q2 25
$-1.24
$0.03
Q1 25
$-0.12
$0.05
Q4 24
$-4.71
$-0.08
Q3 24
$-1.53
Q2 24
$-1.99
$-0.04
Q1 24
$-0.20
$-0.11

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EKSO
EKSO
LEDS
LEDS
Cash + ST InvestmentsLiquidity on hand
$1.2M
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.0M
$2.1M
Total Assets
$20.1M
$14.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EKSO
EKSO
LEDS
LEDS
Q4 25
$1.2M
$2.9M
Q3 25
$2.7M
$2.6M
Q2 25
$5.2M
$2.4M
Q1 25
$8.1M
$2.4M
Q4 24
$4.5M
$1.2M
Q3 24
$8.3M
$1.7M
Q2 24
$5.9M
$1.7M
Q1 24
$8.8M
$1.6M
Total Debt
EKSO
EKSO
LEDS
LEDS
Q4 25
Q3 25
$1.7M
Q2 25
Q1 25
Q4 24
Q3 24
$3.7M
Q2 24
Q1 24
Stockholders' Equity
EKSO
EKSO
LEDS
LEDS
Q4 25
$9.0M
$2.1M
Q3 25
$9.7M
$2.8M
Q2 25
$10.9M
$4.0M
Q1 25
$12.7M
$3.6M
Q4 24
$12.7M
$1.6M
Q3 24
$14.9M
$2.2M
Q2 24
$12.1M
$2.7M
Q1 24
$14.1M
$3.0M
Total Assets
EKSO
EKSO
LEDS
LEDS
Q4 25
$20.1M
$14.2M
Q3 25
$21.7M
$15.6M
Q2 25
$23.2M
$23.2M
Q1 25
$27.3M
$23.2M
Q4 24
$26.7M
$10.4M
Q3 24
$29.2M
$11.1M
Q2 24
$27.0M
$11.5M
Q1 24
$29.0M
$12.0M
Debt / Equity
EKSO
EKSO
LEDS
LEDS
Q4 25
Q3 25
0.61×
Q2 25
Q1 25
Q4 24
Q3 24
1.69×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EKSO
EKSO
LEDS
LEDS
Operating Cash FlowLast quarter
$-4.3M
$361.0K
Free Cash FlowOCF − Capex
$-4.5M
$331.0K
FCF MarginFCF / Revenue
-141.9%
12.9%
Capex IntensityCapex / Revenue
4.0%
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-12.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EKSO
EKSO
LEDS
LEDS
Q4 25
$-4.3M
$361.0K
Q3 25
$-2.1M
Q2 25
$-3.4M
$693.0K
Q1 25
$-2.0M
$1.4M
Q4 24
$-1.4M
$-158.0K
Q3 24
$-2.3M
Q2 24
$-2.7M
$109.0K
Q1 24
$-3.5M
$-600.0K
Free Cash Flow
EKSO
EKSO
LEDS
LEDS
Q4 25
$-4.5M
$331.0K
Q3 25
$-2.1M
Q2 25
$-3.5M
$383.0K
Q1 25
$-2.0M
$1.3M
Q4 24
$-1.5M
$-276.0K
Q3 24
$-2.3M
Q2 24
$98.0K
Q1 24
$-3.5M
$-619.0K
FCF Margin
EKSO
EKSO
LEDS
LEDS
Q4 25
-141.9%
12.9%
Q3 25
-49.0%
Q2 25
-169.4%
2.2%
Q1 25
-58.5%
11.8%
Q4 24
-28.6%
-21.9%
Q3 24
-55.3%
Q2 24
7.4%
Q1 24
-92.5%
-69.9%
Capex Intensity
EKSO
EKSO
LEDS
LEDS
Q4 25
4.0%
1.2%
Q3 25
0.3%
0.2%
Q2 25
1.9%
1.8%
Q1 25
0.3%
1.1%
Q4 24
0.4%
9.4%
Q3 24
0.2%
9.3%
Q2 24
0.0%
0.8%
Q1 24
0.2%
2.1%
Cash Conversion
EKSO
EKSO
LEDS
LEDS
Q4 25
Q3 25
Q2 25
3.11×
Q1 25
3.62×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EKSO
EKSO

Products$2.3M75%
Other$799.0K25%

LEDS
LEDS

Segment breakdown not available.

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