Myomo (MYO) Tops Q1 EPS by 9c, Revenues Beat

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Go back to Myomo (MYO) Tops Q1 EPS by 9c, Revenues Beat

Myomo Reports First Quarter 2021 Financial Results

May 5, 2021 4:05 PM EDT

Revenue of $2.3 million up 132% over prior year
Gross margin of 73% up 500 basis points over prior year
Q1 cash used in operations decreased 14% to $2.1 million
Conference call begins at 4:30 p.m. Eastern time today

BOSTON--(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 months ended March 31, 2021.

Financial and operational highlights for the first quarter of 2021... More