Myomo reports Q3 product revenue $4.0M, up 8% sequentially; record backlog of 184 units

MYOMO, INC.

2022-Q3 EPS reported -$1.24 revenue$11,513,702

Product revenue $4.0M, down 9% YoY but up 8% sequentially; revenue units 87, down 15% YoY.
Backlog hit record 184 units, up 13% sequentially; 130 authorizations/orders received, up 27% sequentially.
Net loss $2.8M ($0.40 per share) vs $2.1M loss ($0.36) a year ago; gross margin 66.5% vs 74.7% YoY.
Cash $7.4M at Sept 30; management expects modest sequential product revenue growth in Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MYOMO, INC. reported third quarter ended September 30, 2022 results: revenue $4.0 million, net income $2.8 million, EPS $0.40 per share.

Period: third quarter ended September 30, 2022
Revenue: $4.0 million
Net income: $2.8 million
EPS: $0.40 per share
Result: reported results

Exact text from the filing

Myomo Reports Third Quarter 2022 Financial Results Featuring Strong Authorizations and Orders and Record Backlog Third quarter revenue of $4.0 million, up 8% sequentially 130 authorizations and orders results in a record-high backlog of 184 units

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MYOMO, INC. filing history →

Source: SEC EDGAR

accession 0000950170-22-024507

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