Myomo Reports 2019 Fourth Quarter and Full Year Financial Results Featuring Record Revenue and Gross Margins
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Myomo (MYO) Misses Q4 EPS by 22c, Revenues Beat
March 12, 2020 4:44 PM EDTMyomo (NYSE: MYO) reported Q4 EPS of ($4.81), $0.22 worse than the analyst estimate of ($4.59). Revenue for the quarter came in at $1.5 million versus the consensus estimate of $1.31 million.
Financial and operational highlights include:
Revenue for the fourth quarter was $1.5 million, up 71% compared with $0.9 million for the prior year quarter. Revenue for 2019 was $3.8 million, up 57% over 2018.Revenue from direct billing for the fourth quarter was 50% of total revenue, compared with 23% of total revenue in the prior year. Direct billing channel revenue for 2019 was 33% of total revenue, compared with 15% of total revenue for... More