Myomo reports Q3 EPS (6c), consensus (9c)

Reports Q3 revenue $5.1M, consensus $4.2M. “We are pleased to deliver record quarterly product revenue that exceeded $5 million for the first time, driven by a record number of orders and insurance authorizations, including authorizations we were able to convert into revenue in the quarter,” stated Paul R. Gudonis, Myomo’s chairman and chief executive officer. “Our focus for the rest of the year is to continue executing to our business plan while managing our operating expenses, and working to ensure successful outcomes for our patients, including Medicare Part B beneficiaries. We look forward to working with appropriately screened and medically necessary Medicare Part B patients in anticipation of being able to fit them with their own MyoPro.”