MYO
MYO
Myomo, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $10.09M ▲ | $9.96M ▼ | $-3.66M ▲ | -36.3% ▲ | $-0.09 ▲ | $-3.08M ▲ |
| Q2-2025 | $9.65M ▼ | $10.64M ▲ | $-4.63M ▼ | -47.99% ▼ | $-0.11 ▼ | $-4.16M ▼ |
| Q1-2025 | $9.83M ▼ | $10.13M ▲ | $-3.47M ▼ | -35.24% ▼ | $-0.08 ▼ | $-3.07M ▼ |
| Q4-2024 | $12.07M ▲ | $8.86M ▲ | $-260.08K ▲ | -2.16% ▲ | $-0.01 ▲ | $220.72K ▲ |
| Q3-2024 | $9.21M | $7.9M | $-966.41K | -10.5% | $-0.03 | $-836.34K |
What's going well?
Revenue is up 5% and gross margins are holding steady at 64%. Operating expenses are down, and both operating and net losses have improved compared to last quarter.
What's concerning?
The company is still losing money every quarter, with a net loss of $3.7 million. R&D spending was cut, which could slow future innovation, and the business is not close to breakeven.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $12.55M ▼ | $34.08M ▼ | $19.45M ▼ | $14.63M ▼ |
| Q2-2025 | $15.48M ▼ | $38.67M ▼ | $21.06M ▲ | $17.62M ▼ |
| Q1-2025 | $21.52M ▼ | $40.87M ▼ | $19.18M ▲ | $21.69M ▼ |
| Q4-2024 | $24.87M ▲ | $42.24M ▲ | $17.53M ▲ | $24.71M ▲ |
| Q3-2024 | $6.62M | $16.31M | $7.02M | $9.29M |
What's financially strong about this company?
MYO has no goodwill or intangible assets, so its asset base is solid and tangible. The company can easily cover its near-term bills, and debt is mostly long-term, giving it breathing room.
What are the financial risks or weaknesses?
Cash and equity both dropped this quarter, and the company has a long history of losses. Deferred revenue fell sharply, and the shrinking asset base could signal trouble if the trend continues.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-3.66M ▲ | $-1.83M ▲ | $189.7K ▲ | $-50K ▼ | $-1.69M ▲ | $-2.88M ▲ |
| Q2-2025 | $-4.63M ▼ | $-8.87M ▼ | $-757.35K ▲ | $4M ▲ | $-5.55M ▼ | $-10.12M ▼ |
| Q1-2025 | $-3.47M ▼ | $-2.68M ▼ | $-1.9M ▼ | $-36.51K ▼ | $-4.58M ▼ | $-3.35M ▼ |
| Q4-2024 | $-260.08K ▲ | $3.37M ▲ | $-1.35M ▼ | $15.77M ▲ | $17.75M ▲ | $2.51M ▲ |
| Q3-2024 | $-966.41K | $-1.49M | $2.83M | $-199.5K | $1.15M | $-1.81M |
What's strong about this company's cash flow?
Cash burn improved dramatically, with operating losses and free cash flow both much better than last quarter. The company still has over $12 million in cash, giving it some breathing room.
What are the cash flow concerns?
MYO is still losing money and burning cash, and improvements may be temporary. No new funding this quarter, but ongoing losses mean more cash will be needed if things don't turn around.
Revenue by Products
| Product | Q2-2024 | Q3-2024 | Q4-2024 | Q1-2025 |
|---|---|---|---|---|
Product | $10.00M ▲ | $10.00M ▲ | $20.00M ▲ | $10.00M ▼ |
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Myomo, Inc.'s financial evolution and strategic trajectory over the past five years.
Myomo combines rapid top-line growth and improving margins with a solid liquidity position and a distinctive, clinically focused technology platform. Its strong patent portfolio, early leadership in a focused niche, growing reimbursement coverage, and expanding patient pipeline all support the view that it has carved out a real opportunity within neuro-robotic rehabilitation.
The main concerns center on ongoing losses, consistently negative free cash flow, and a heavy reliance on external capital to fund operations and growth. Accumulated deficits, rising lease-related debt, competition from larger and better-capitalized players, and uncertainty around regulatory approvals and reimbursement policies add meaningful execution and financial risk.
Taken together, the data point to a company moving in the right direction but still in an early, high-risk phase. If Myomo can sustain strong revenue growth, continue to expand reimbursement, and convert its R&D and international initiatives into profitable scale, its financial profile could improve markedly over time; however, that path is likely to be uneven and heavily dependent on both operational execution and the availability of supportive capital markets.
About Myomo, Inc.
https://www.myomo.comMyomo, Inc., a wearable medical robotics company, designs, develops, and produces myoelectric orthotics for people with neuromuscular disorders in the United States. The company offers MyoPro, a myoelectric-controlled upper limb brace or orthosis product used for supporting a patient's weak or paralyzed arm to enable and improve functional activities of daily living.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $10.09M ▲ | $9.96M ▼ | $-3.66M ▲ | -36.3% ▲ | $-0.09 ▲ | $-3.08M ▲ |
| Q2-2025 | $9.65M ▼ | $10.64M ▲ | $-4.63M ▼ | -47.99% ▼ | $-0.11 ▼ | $-4.16M ▼ |
| Q1-2025 | $9.83M ▼ | $10.13M ▲ | $-3.47M ▼ | -35.24% ▼ | $-0.08 ▼ | $-3.07M ▼ |
| Q4-2024 | $12.07M ▲ | $8.86M ▲ | $-260.08K ▲ | -2.16% ▲ | $-0.01 ▲ | $220.72K ▲ |
| Q3-2024 | $9.21M | $7.9M | $-966.41K | -10.5% | $-0.03 | $-836.34K |
What's going well?
Revenue is up 5% and gross margins are holding steady at 64%. Operating expenses are down, and both operating and net losses have improved compared to last quarter.
What's concerning?
The company is still losing money every quarter, with a net loss of $3.7 million. R&D spending was cut, which could slow future innovation, and the business is not close to breakeven.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $12.55M ▼ | $34.08M ▼ | $19.45M ▼ | $14.63M ▼ |
| Q2-2025 | $15.48M ▼ | $38.67M ▼ | $21.06M ▲ | $17.62M ▼ |
| Q1-2025 | $21.52M ▼ | $40.87M ▼ | $19.18M ▲ | $21.69M ▼ |
| Q4-2024 | $24.87M ▲ | $42.24M ▲ | $17.53M ▲ | $24.71M ▲ |
| Q3-2024 | $6.62M | $16.31M | $7.02M | $9.29M |
What's financially strong about this company?
MYO has no goodwill or intangible assets, so its asset base is solid and tangible. The company can easily cover its near-term bills, and debt is mostly long-term, giving it breathing room.
What are the financial risks or weaknesses?
Cash and equity both dropped this quarter, and the company has a long history of losses. Deferred revenue fell sharply, and the shrinking asset base could signal trouble if the trend continues.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-3.66M ▲ | $-1.83M ▲ | $189.7K ▲ | $-50K ▼ | $-1.69M ▲ | $-2.88M ▲ |
| Q2-2025 | $-4.63M ▼ | $-8.87M ▼ | $-757.35K ▲ | $4M ▲ | $-5.55M ▼ | $-10.12M ▼ |
| Q1-2025 | $-3.47M ▼ | $-2.68M ▼ | $-1.9M ▼ | $-36.51K ▼ | $-4.58M ▼ | $-3.35M ▼ |
| Q4-2024 | $-260.08K ▲ | $3.37M ▲ | $-1.35M ▼ | $15.77M ▲ | $17.75M ▲ | $2.51M ▲ |
| Q3-2024 | $-966.41K | $-1.49M | $2.83M | $-199.5K | $1.15M | $-1.81M |
What's strong about this company's cash flow?
Cash burn improved dramatically, with operating losses and free cash flow both much better than last quarter. The company still has over $12 million in cash, giving it some breathing room.
What are the cash flow concerns?
MYO is still losing money and burning cash, and improvements may be temporary. No new funding this quarter, but ongoing losses mean more cash will be needed if things don't turn around.
Revenue by Products
| Product | Q2-2024 | Q3-2024 | Q4-2024 | Q1-2025 |
|---|---|---|---|---|
Product | $10.00M ▲ | $10.00M ▲ | $20.00M ▲ | $10.00M ▼ |
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Myomo, Inc.'s financial evolution and strategic trajectory over the past five years.
Myomo combines rapid top-line growth and improving margins with a solid liquidity position and a distinctive, clinically focused technology platform. Its strong patent portfolio, early leadership in a focused niche, growing reimbursement coverage, and expanding patient pipeline all support the view that it has carved out a real opportunity within neuro-robotic rehabilitation.
The main concerns center on ongoing losses, consistently negative free cash flow, and a heavy reliance on external capital to fund operations and growth. Accumulated deficits, rising lease-related debt, competition from larger and better-capitalized players, and uncertainty around regulatory approvals and reimbursement policies add meaningful execution and financial risk.
Taken together, the data point to a company moving in the right direction but still in an early, high-risk phase. If Myomo can sustain strong revenue growth, continue to expand reimbursement, and convert its R&D and international initiatives into profitable scale, its financial profile could improve markedly over time; however, that path is likely to be uneven and heavily dependent on both operational execution and the availability of supportive capital markets.

CEO
Paul R. Gudonis
Compensation Summary
(Year 2024)
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2020-01-31 | Reverse | 1:30 |
ETFs Holding This Stock
Summary
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Ratings Snapshot
Rating : C+
Most Recent Analyst Grades
Grade Summary
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Price Target
Institutional Ownership
ROSALIND ADVISORS, INC.
Shares:3.84M
Value:$2.98M
HERR INVESTMENT GROUP LLC
Shares:2.85M
Value:$2.21M
BLACKROCK, INC.
Shares:1.71M
Value:$1.33M
Summary
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