CHRNNasdaqGeneral Industrial Machinery & Equipment, NECUS GAAP · USD

ChronoScale Holdings Corp

ChronoScale Holdings Corp is a U.S.-based medical robotics company focused on wearable robotic exoskeletons for rehabilitation and mobility support. Its business centers on the EksoNR, Ekso Indego Therapy, and Ekso Indego Personal device families, along with related services such as warranty coverage, repairs, and training.

Revenue71.6m USD
−15.1 %y/y
Operating profit (EBIT)-37.5m USD
−181.4 %y/y
EBIT margin-52.4%
−36.6 ppy/y
Net income-50.3m USD
−330.3 %y/y
Free cash flow12.2m USD
+201.7 %y/y

Fiscal year 2026 · change from previous year

Development 2021–2026

-50-250255075100m USD2021: 11 m USD2021: EBIT -14 m USD20212022: 13 m USD2022: EBIT -16 m USD20222023: EBIT -15 m USD20232024: 18 m USD2024: EBIT -10 m USD20242025: 84 m USD2025: EBIT -13 m USD20252026: 72 m USD2026: EBIT -37 m USD202672-37
RevenueOperating profit (EBIT)

Business

Share of revenue
Enterprise Health devices55 %

Robotic exoskeletons sold or subscribed for clinical rehabilitation use in healthcare facilities.

Personal Health devices20 %

Wearable exoskeletons used by individuals for personal mobility and rehabilitation support.

Subscriptions and financing arrangements10 %

Device access arrangements sold through finance partners or subscription structures.

Service and maintenance10 %

Fee-based repair, maintenance, and loaner-device services for installed products.

Training and support5 %

Online and in-person training, clinical support, and portal-based device services.

Customers

The company sells primarily to healthcare providers and distributors that serve rehabilitation and mobility markets. In Enterprise Health, buyers include inpatient rehabilitation facilities, long-term acute care hospitals, skilled nursing facilities, outpatient clinics, and integrated delivery networks. In Personal Health, customers include end users and the financing partners that facilitate subscription-style access to devices.

Enterprise Health providers

Hospitals, IRFs, LTACHs, SNFs, and outpatient clinics buy EksoNR and Ekso Indego Therapy for rehabilitation programs.

Integrated delivery networks

Large provider networks buy multi-unit systems to standardize rehabilitation workflows and improve purchasing economics.

Distributors

Independent distributors buy and resell products in parts of EMEA and APAC, especially outside direct-sales markets.

Personal Health users

Individuals and their care channels buy Ekso Indego Personal for mobility and rehabilitation support.

Finance partners

Third-party financing partners purchase devices in subscription structures and contract with end customers.

Strategy

The company is focused on expanding adoption of its rehabilitation and personal mobility products through clinical education, reimbursement coverage, and broader indications of use. It also uses service, training, and subscription structures to make adoption easier for customers with different capital budgets. The product roadmap includes new offerings such as Nomad, while distribution and strategic review activity add optionality to the business model.

Expand reimbursement and coverageShort term

Coverage determines affordability and adoption for Personal Health devices.

Increase clinical adoptionShort term

Enterprise Health sales depend on evidence, stakeholder education, and workflow fit.

Broaden product portfolioMedium term

New devices can extend the addressable market and support future growth.

Preserve strategic flexibilityShort term

A strategic transaction could reshape the business or unlock value.

Geography

Q1/2026

The company sells across the Americas, EMEA, and APAC, with direct sales in the Americas and a mix of direct and distributor-led channels elsewhere. German-speaking countries in Europe are handled directly, while many other European and APAC markets rely on distributors, making channel execution important to growth. Foreign markets also require country-specific regulatory approvals and compliance, which affects where products can be marketed and how quickly they can scale.

Americas40 %
United States39 %
Europe, Middle East and Africa14 %
France5.3 %
Asia Pacific1.0 %
Italy0.7 %

Share of the revenue the company reports by geography.

Risks

The business depends on regulatory approvals, reimbursement coverage, and adoption of a relatively early-stage technology, so commercialization can be uneven. It also relies on distributors in several markets, which creates channel concentration and compliance risk, while competition and product-development execution remain important in a fast-changing medical robotics field.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Regulatory approval risk1Distributor concentration2Reimbursement and coverage risk3Technology and competition risk4Cybersecurity risk5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Regulatory approval riskImpact: HighLikelihood: High

    Products must clear country-specific approval and compliance requirements before sale.

    ExposureU.SEMEAAPAC
  2. Distributor concentrationImpact: HighLikelihood: Medium

    Independent distributors are principal customers in several non-direct markets.

    Exposure: Non-German Europe and parts of APAC

  3. Reimbursement and coverage riskImpact: HighLikelihood: Medium

    Personal Health growth depends on insurance coverage and reimbursement processes.

    Exposure: Personal Health

  4. Technology and competition riskImpact: MediumLikelihood: Medium

    Exoskeleton technology remains early-stage and competitors are developing alternatives.

    Exposure: Medical robotics market

  5. Cybersecurity riskImpact: MediumLikelihood: Medium

    The company processes sensitive data and relies on connected systems and vendors.

    Exposure: Operations and customer data

Accounting

Judgemental items
Revenue recognition and SSP allocation

Device sales, subscriptions, training, and support may be bundled and recognized differently over time.

Impact: Affects timing and mix of reported revenue

Warranty and future service costs

EksoCare and device warranties require estimates of future repair and support obligations.

Impact: Affects gross margin and accrued liabilities

Fair value of warrants and preferred stock

Valuation uses unobservable inputs and can create non-cash gains or losses.

Impact: Affects other income/expense and equity

Inventory valuation

Specialized hardware can become obsolete or require write-downs if demand changes.

Impact: Affects gross profit and working capital

Deferred tax asset recoverability

Loss history makes realizability judgments important.

Impact: Affects tax assets and net income

Lease accounting

Facility and equipment leases affect balance sheet liabilities and operating expense presentation.

Impact: Affects leverage and operating costs

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026