Myomo Inc (A:MYO)
Business Focus: Medical Equipment, Supplies & Distribution
| Sector: Healthcare | Industry: Medical Equipment, Supplies & Distribution |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 137 Portland Street, 4Th Floor BOSTON MA 02114 |
| Tel: | N/A |
| Website: | https://myomo.com |
| IR: | See website |
| Key People | ||
| Paul R. Gudonis Chairman of the Board, President, Chief Executive Officer | David A. Henry Chief Financial Officer | Harry Kovelman Chief Medical Officer | Micah J. Mitchell Chief Commercial Officer |
| Business Overview |
| Myomo, Inc. is a wearable medical robotics company that offers improved arm and hand function for those suffering from neurological disorders and upper-limb paralysis. It develops and markets the MyoPro product line. MyoPro is a powered upper-limb orthosis designed to support the arm and restore function to the weakened or paralyzed arms of certain patients suffering from CVA stroke, brachial plexus injury, traumatic brain or spinal cord injury, ALS or other neuromuscular disease or injury. MyoPro senses a patient's own electromyography (EMG) signals through non-invasive sensors on the arm, and can restore an individual's ability to perform activities of daily living, including feeding themselves, carrying objects and doing household tasks. It provides devices directly to patients and bill their insurance companies directly. It also sells its products through various other sales channels, including through orthotics and prosthetics providers, the veteran's administration, and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Myomo Inc revenues increased 24% to $19.2M. Net loss decreased 24% to $8.1M. Revenues reflect Product Revenue increase of 20% to $17.5M, License Revenue increase of 76% to $1.8M. Lower net loss reflects Interest income increase from $89K to $410K (income), Stock-based Compensation in R&D decrease from $127K (expense) to $4K (income), Other expense, net decrease of 29% to $1K (expense). |
| Employees: | 101 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $68.05M as of Dec 31, 2023 |
| Annual revenue (TTM): | $19.24M as of Dec 31, 2023 |
| EBITDA (TTM): | -$8.07M as of Dec 31, 2023 |
| Net annual income (TTM): | -$8.15M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$6.32M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 28,487,168 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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