Myomo (NYSE:MYO) shares plummeted today on third-quarter sales shortcomings and a bottom-line dip. The Cambridge, Mass.–based wearable medical robotics company posted losses of -$2.8 million, or -16¢ per share, on sales of $606,619 for the three months ended Sept. 30, for a 5.2% bottom-line slide on a sales decline of 0.4%. Adjusted to exclude one-time […]
Myomo launches OUS licensing development program
Myomo today said it launched a business development program to help bring its MyoPro orthotic product line to more markets outside of the U.S. The Cambridge, Mass.-based company will pursue technology licensing arrangements with international partners that can manufacture and distribute its MyoPro products to rehabilitation hospitals and home markets. Get the full story on our […]
Myomo closes $6m funding round
Myomo said today that it closed a $6.4 million round of financing. The Cambridge, Mass.-based wearable medical robotics company said that it floated approximately four million shares of its common stock at $1.40 per share for gross proceeds of approximately $5.5 million. The offering included a fully-exercised underwriter’s option for an additional 592,500 shares of […]
Myomo prices $6m offering, sees shares slide
Myomo today priced an upcoming $5.5 million public offering and has seen its share value slide nearly 20% in early morning trading. The Cambridge, Mass.-based wearable medical robotics company said it plans to float approximately 4 million shares of its common stock at a price of $1.40 per share. The round will also include a 45-day […]
3M names CEO Roman as board chair | Personnel Moves – February 7, 2019
3M (NYSE:MMM) said yesterday that its board of directors nominated CEO Mike Roman as its new chairperson, with current exec chair Inge Thulin announcing their intention to retire. The move is slated to take effect following the St. Paul, Minn.-based company’s annual meeting of shareholders on May 14. “Under Inge’s leadership, 3M evolved into a more […]
Myomo posts Q3 earnings, touts Medicare win
Shares in Myomo fell slightly today after the medical device maker posted Q3 earnings that narrowly missed Wall Street expectations, and announced reimbursement wins with the Centers for Medicare & Medicaid Services. The Cambridge, Mass.-based company posted losses of $7.6 million, or 21¢ per share, on sales of $610,000 for the three months ended September 30, seeing […]
Motus GI taps Moran as CEO | Personnel Moves – September 25, 2018
Motus GI said today that it named Timothy Moran as its new chief executive officer, effective October 1, replacing former CEO Mark Pomeranz who will assume the role of president and COO. Moran has previously served ConvaTec‘s (LON:CTEC) Americas president and helped lead the company through its initial public offering in 2016. Prior to ConvaTec, Moran spent […]
Myomo shares down on Q2 miss
Shares in Myomo fell today after the wearable medical robotics maker missed expectations on Wall Street with its second quarter results. The Cambridge, Mass.-based company posted losses of $2.7 million, or 21¢ per share, on sales of $632,369 for the three months ended June 30, seeing losses grow 38.7% while sales grew 106.2% compared with the same […]
Natus Medical lifts Kennedy to the corner office | Personnel Moves – July 17, 2018
Natus Medical (Nasdaq: BABY) said last week that its current CEO Jim Hawkins is retiring from their position, with current chief financial officer Jonathan Kennedy slated to take over as prez & chief exec. Kennedy has operated as CFO since April 2013, while the retiring Hawkins spent 14 years as the chief exec, the Pleasanton, Calif.-based company said. […]
Dynatronics taps ex-NinePoint CEO von Jako as chief exec | Personnel Moves – July 11, 2018
Dynatronics said late last month it tapped former NinePoint Medical CEO Christopher von Jako as its new chief executive officer and board member, succeeding Kelvyn Cullimore Jr. who will stay on the company’s board of directors. Prior to joining Dynatronics, von Jako acted as prez & CEO of NinePoint Medical. Before joining Nine Point, von Jako also […]
Myomo shares fall on Q1 miss
Shares in Myomo fell yesterday after the wearable medical robotics company missed expectations on Wall Street with its first quarter earnings. The Cambridge, Mass.-based company posted losses of $2.3 million, or 20¢ per share, on sales of $313,179 for the three months ended March 31, seeing losses grow 50.7% while sales grew 44.8% compared with the […]
MassDevice Network
@MassDevice
LinkedIn
YouTube