secwatch.observer — SEC 8-K summary
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Issuer:     MYOMO, INC. (MYO)
CIK:        0001369290
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055687
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Myomo Q1 revenue $3.8M (+9% YoY); backlog record 275 units; net loss $3.8M
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- Revenue $3.8M (+9% YoY); product revenue $3.75M; revenue units 91 (+14%).
- Net loss $3.8M ($0.10/share) vs $2.6M loss a year ago; operating loss $3.9M.
- Gross margin 61.2% (down 580bps) on lower ASP, higher warranty reserve and material costs.
- Record backlog 275 units (+56%), includes 83 Medicare Part B; orders/authorizations 180 (+48%).
- Q2 revenue guidance >$5M; FY2024 guidance $28M-$30M; expects operating cash flow breakeven by Q4 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1369290/000095017024055687/0000950170-24-055687-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1369290/000095017024055687/myo-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055687

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer