earnings
confidence high
sentiment positive
materiality 0.70
Myomo pre-announces Q2 revenue $3.4-3.6M, up 10-16% YoY; record pipeline adds
MYOMO, INC.
2022-Q2 EPS reported
-$0.83
revenue$7,545,501
- Preliminary Q2 2022 revenue $3.4–$3.6M, up 10–16% vs Q2 2021; all product revenue.
- Added >400 prospective MyoPro patients in Q2, a quarterly record; cost per pipeline add decreased.
- Second JV license fee payment from China partner delayed due to COVID-19 banking/government backlog.
- Participated in CMS public hearing for Benefit Category Determination to reclassify MyoPro as custom-fabricated brace.
- Full Q2 results and conference call scheduled for August 3, 2022.