Myomo Reports 2020 Second Quarter Financial Results

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Go back to Myomo Reports 2020 Second Quarter Financial Results

Myomo (MYO) Tops Q2 EPS by 15c, Revenues Beat

August 10, 2020 4:53 PM EDT

Myomo (NYSE: MYO) reported Q2 EPS of ($1.12), $0.15 better than the analyst estimate of ($1.27). Revenue for the quarter came in at $858.59 thousand versus the consensus estimate of $480 thousand.

Financial and operational highlights for the second quarter of 2020 include the following (all comparisons are with the second quarter of 2019, unless otherwise noted):

Revenue was $0.9 million, down 2% and exceeded the expected revenue range announced on June 22nd as deliveries strengthened and average selling prices increased as the U.S. economy began to re-open during the second half of the quarter.Revenue from direct billing... More