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

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

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

November 10, 2020 4:05 PM EST

Authorization backlog at a record 162 units, up 35% sequentially

Cash utilization of $1.8 million, lowest since scale-up activities began in 2018

Conference call begins at 4:30 p.m. Eastern time today

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 three and nine months ended September 30, 2020.

Financial and operational highlights for the third quarter... More