Recent Updates
Recently added Catalysts
MYO Positive Sentiment

Myomo Reports Preliminary Second Quarter 2024 Revenues and Operating Metrics

Key Takeaway: Myomo, Inc. reported preliminary revenues for Q2 2024, expecting between $7.2 million and $7.4 million, marking a significant sequential increase of 92% to 97%. The company also noted record additions to its pipeline, along with increased authorizations and orders, indicating strong operational performance.
Price reaction · baseline $2.87 (2024-07-05 close) · hit pre-market · clean, no other MYO news in the window
day 0 close
+41.8%
day 1
+62%
day 3 · peak
+70.4%

Market Sentiment Analysis

POSITIVE FACTORS

  • Expected record quarterly revenues of $7.2 million to $7.4 million.
  • Revenue increase of 92% to 97% sequentially.
  • Record pipeline additions, authorizations, and orders.

Full Press Release Details

Expects record quarterly revenues of $7.2 million to $7.4 million, an increase of 92% to 97% sequentially
Generates record pipeline additions, and authorizations and orders
BOSTON (July 8, 2024) – 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, reports preliminary revenues and operating metrics for the three months ended June 30, 2024. Read more .

Frequently Asked Questions

What are Myomo's expected revenues for Q2 2024?

Myomo expects revenues between $7.2 million and $7.4 million for Q2 2024.

How much has Myomo's revenue increased sequentially?

Myomo's revenue is expected to increase by 92% to 97% sequentially.

What operational metrics did Myomo report?

Myomo reported record pipeline additions, authorizations, and orders.

Last updated: Jul 8, 2024