MYO Earnings Prediction
The chart below shows how MYO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MYO sees a -1.61% change in stock price 10 days leading up to the earnings, and a -8.68% change 10 days following the report. On the earnings day itself, the stock moves by +2.72%. This data can give you a slight idea of what to expect for the next quarter's release.
MYO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
9.21M
81.27%
22.43%
Gross Margin
75.43%
9.83%
6.52%
Operating Margin
-10.40%
-73.90%
-29.87%
Net Margin
-10.50%
-73.71%
-29.58%
EPS
-0.03
-50.00%
-0.00%
No Data Available
MYO Earnings Analysis
Myomo Inc. Corporation (MYO.A) Earnings Conference Call
Positive
Record Revenue Surge: Revenue for the third quarter of 2024 was a record $9.2 million, up 81% over the prior year quarter's total revenue.
Product Revenue Surge: Product revenue was up 83% over last year's third quarter, driven by a record 161 MyoPro revenue units, about 35% year-over-year.
Record Average Selling Price: The average selling price (ASP) reached a record at approximately $57,200, positively impacted by supplemental insurance payments in the third quarter.
Patient Pipeline Growth: The patient pipeline reached a new record of 1,263 patients at the end of the third quarter, an increase of 21% year-over-year.
Record Pipeline Additions: The pipeline additions in the third quarter included a record 645 additions, an increase of 69% year-over-year.
Negative
Operating Expenses Increase: Operating expenses for the third quarter of 2024 were $7.9 million, an increase of 43% compared with the third quarter of 2023.
Operating Loss Comparison: Operating loss for the third quarter of 2024 was $1 million, which is half of a $2 million operating loss for the same period a year ago.
Quarterly Net Loss Comparison: Net loss for the third quarter of 2024 was $1 million or $0.03 per share, compared with a net loss of $2 million or $0.06 per share for the third quarter of 2023.
Adjusted EBITDA Comparison: Adjusted EBITDA for the third quarter of 2024 was a negative $600,000 compared to the negative $1.7 million for the third quarter of 2023.
Cash Flow Impact from Delays: Operating cash flow in the third quarter was impacted by a payment delay from CMS in the last few weeks of the quarter due to a transition from check payments to electronic payments.
MYO FAQs
How does MYO typically perform around its earnings report dates?
Is Myomo, Inc. (MYO) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
MYO Earning Call Sentiment
Myomo, Inc. (MYO) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MYO.A
-7.45%Positive
The earnings call presents a mixed but overall positive outlook. Financial performance shows strong revenue growth and improved margins, with optimistic guidance for 2025 revenue. Although operating expenses and potential risks like supply chain disruptions are concerns, management's plans to double production capacity and expand internationally are promising. The Q&A section reveals some uncertainty, but the backlog and potential for ASP growth are positive indicators. Despite the lack of a shareholder return plan, the overall sentiment leans positive, suggesting a likely stock price increase of 2% to 8% over the next two weeks.