Myomo (MYO) Misses Q4 EPS by 22c, Revenues Beat

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Go back to Myomo (MYO) Misses Q4 EPS by 22c, Revenues Beat

Myomo Reports 2019 Fourth Quarter and Full Year Financial Results Featuring Record Revenue and Gross Margins

March 12, 2020 4:05 PM EDT

Direct Billing Represents 50% of Fourth Quarter Revenue

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Myomo, Inc. (NYSE American: MYO) (Myomo or the Company), a wearable medical robotics company that offers increased functionality for those suffering from neurological disorders and upper-limb paralysis, today announced financial results for the fourth quarter and year ended December 31, 2019.

Financial and operational highlights include:

Revenue for the fourth quarter was $1.5 million, up 71% compared with $0.9 million for the prior year quarter. Revenue for 2019 was $3.8 million, up 57% over 2018. Revenue from... More