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Myomo Inc

Myomo rises on Street-beating Q4

March 11, 2021 By Sean Whooley

Myomo (NYSE:MYO) shares ticked up this morning on fourth-quarter results that topped the consensus forecast. The Boston-based wearable medical robotics company posted losses of -$1.7 million, or -37¢ per share, on sales of $3.8 million for the three months ended Dec. 31, 2020, for a 38.5% bottom-line gain on revenues that were more than doubled […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Robotics, Wall Street Beat Tagged With: myomo, Myomo Inc

Myomo lands Medicare coverage

September 16, 2020 By Sean Whooley

Myomo (NYSE:MYO) announced that it received authorization to be a Medicare provider through the Centers for Medicare & Medicaid Services. CMS, under the U.S. Dept. of Health and Human Services, now includes Cambridge, Mass.-based Myomo in its Medicare Supplier Directory at Medicare.gov, which enables Myomo to bill Medicare directly when it delivers its MyoPro orthosis in […]

Filed Under: Business/Financial News, Medicare, Prosthetics, Robotics Tagged With: Centers for Medicare and Medicaid Services (CMS), Myomo Inc, Reimbursement

Myomo launches MyoCare

July 9, 2020 By Sean Whooley

Myomo (NYSE:MYO) announced today that it launched its MyoCare program for providing support to first-year users of its MyoPro powered brace. MyoCare offers expanded support to current and future clients who receive their MyoPro directly from the Cambridge, Mass.-based company, at no additional cost. Anyone who obtained the MyoPro from an authorized orthotics & prosthetics clinic […]

Filed Under: Business/Financial News, Prosthetics, Robotics Tagged With: Myomo Inc

COVID-19 upends medtech’s financial outlook

April 7, 2020 By Sean Whooley

The uncertain times brought on by the COVID-19 pandemic have affected businesses worldwide, and several sectors of medtech industry are projecting hits to their bottom lines. A number of companies have announced decisions to withdraw financial guidance, cut hours and/or staff, among other major business decisions. Initial impacts of the global pandemic on Wall Street […]

Filed Under: Business/Financial News, Cardiovascular, Clinical Trials, Contract Manufacturing, Diabetes, Diagnostics, Featured, Genomics/Molecular Diagnostics, Health Technology, Imaging, Implants, MassDevice Earnings Roundup, Patient Monitoring, Wall Street Beat Tagged With: Check-Cap, coronavirus, COVID-19, Cutera Inc., Endologix, Hologic, Iradimed Corp, Livongo, Myomo Inc, Natus Medical Inc., NovoCure, Penumbra Inc., Shockwave Medical, Silk Road Medical Inc., Zynex

Myomo drops on Q4 losses

March 13, 2020 By Sean Whooley

Myomo (NYSE:MYO) shares took a hit today on fourth-quarter results that missed the consensus forecast for earnings but topped the revenue projections. The Cambridge, Mass.-based commercial-stage medical robotics company yesterday evening posted losses of $2.8 million, or -$4.81 per share, on sales of $1.5 million for the three months ended Dec. 31, 2019, for a 2.6% […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Prosthetics, Robotics, Wall Street Beat Tagged With: Myomo Inc

Myomo closes $15m public offering

February 20, 2020 By Sean Whooley

Myomo (NYSE:MYO) announced that it closed its previously announced underwritten public offering of common stock or common stock equivalents for gross proceeds of $15 million. The offering included more than 2.1 million shares of Cambridge, Mass.–based Myomo’s common stock or equivalents, along with an equal amount of investor warrants to purchase one share of common stock […]

Filed Under: Business/Financial News, Featured, Funding Roundup, Robotics, Wall Street Beat Tagged With: Myomo Inc

Myomo shares down on news of $15m public offering

February 11, 2020 By Chris Newmarker

Shares of  Myomo (NYSE:MYO) took a dive in price today after the commercial-stage medical robotics company announced it would raise $15 million from a public offering. MYO shares were down nearly 45% to $6.46 apiece by the afternoon. The company — maker of the MyoPro upper limb orthosis — is selling more than 2.1 million shares […]

Filed Under: Business/Financial News, Featured, Funding Roundup, News Well, Prosthetics, Robotics, Wall Street Beat Tagged With: Myomo Inc

Myomo stock sees week of volatility

February 6, 2020 By Chris Newmarker

Investors have traded millions of shares in commercial-stage medical robotics company Myomo (NYSE:MYO) this week, with the company saying it is unaware of what is causing the trading volatility. The Cambridge, Mass.–based company on Jan. 30 enacted a 1-for-30 reverse stock split, with stocks slumping for a few days before doubling in value on Tuesday and then […]

Filed Under: Business/Financial News, Featured, News Well, Prosthetics, Robotics, Wall Street Beat Tagged With: Myomo Inc

Myomo announces 1-for-30 stock split, sees shares drop

January 30, 2020 By Sean Whooley

Commercial-stage medical robotics company Myomo (NYSE:MYO) shares plummeted today after it announced the decision of its board of directors to effect a reverse stock split of the company’s common stock at a 1-for-30 ratio. Shares of MYO were down nearly –4% to $8.70 per share at market close today. The decision followed approval of a reverse […]

Filed Under: Business/Financial News, Robotics, Wall Street Beat Tagged With: Myomo Inc

Myomo slides on missed Q3 projections

November 13, 2019 By Sean Whooley

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 […]

Filed Under: Featured, MassDevice Earnings Roundup, News Well, Robotics, Wall Street Beat Tagged With: Myomo Inc

Myomo launches OUS licensing development program

August 21, 2019 By Danielle Kirsh

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 […]

Filed Under: Robotics Tagged With: Myomo Inc

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