Myomo Third Quarter Financial Results Feature Record Revenue of $1.9 Million, up 218% Over the Prior Year

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Go back to Myomo Third Quarter Financial Results Feature Record Revenue of $1.9 Million, up 218% Over the Prior Year

Myomo (MYO) Tops Q3 EPS by 35c, Revenues Beat

November 10, 2020 4:39 PM EST

Myomo (NYSE: MYO) reported Q3 EPS of ($0.70), $0.35 better than the analyst estimate of ($1.05). Revenue for the quarter came in at $1.93 million versus the consensus estimate of $1.17 million.

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

Revenue was up 218% to a record $1.9 million with revenue units up 123% to a record 51 and a sequential increase in average selling... More