Myomo Reports Q3 Revenue Beat Amid GAAP EPS Miss
Myomo (NYSE: MYO) reported third-quarter financial results characterized by a revenue beat alongside an earnings miss. The company posted revenue of $12.3 million, exceeding analyst expectations by $0.79 million. However, GAAP earnings per share (EPS) came in at -$0.10, missing estimates by $0.02. A significant highlight for the quarter was the achievement of breakeven Adjusted EBITDA. This represents a substantial turnaround compared to the third quarter of the previous year, during which the company reported an Adjusted EBITDA loss of $2.7 million.
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