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Myomo's Fourth Quarter Financial Results Feature Record Revenue of $12.1 Million

1. Myomo reported Q4 2024 financial results, showing year-over-year comparisons. 2. The company specializes in wearable robotics for upper-limb paralysis patients.

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$4.1903/10 04:14 PM EDTEvent Start
$5.8703/11 11:06 PM EDTLatest Updated
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FAQ

Why Bullish?

Positive financial results typically indicate company growth, often leading to stock price increases. Previous reports from similar companies showed stock price surges following strong quarterly results.

How important is it?

The reporting of financial results is critical for assessing growth, directly impacting investor sentiment about MYO's performance. Positive earnings often correlate with increased investor confidence.

Why Short Term?

Investors may react quickly to recent earnings reports, impacting MYO's stock price in the near term. Historically, companies in the medical device sector see immediate price fluctuations post earnings announcements.

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MDTISRGSNN
BURLINGTON, Mass.--(BUSINESS WIRE)--Myomo, Inc. (NYSE American: MYO) (“Myomo” or the “Company”), a wearable medical robotics company that offers increased functionality for those suffering from neurological disorders and upper-limb paralysis, today reported financial results for the three months and year ended December 31, 2024. Financial and operating highlights for the fourth quarter of 2024 include the following (all comparisons are with the fourth quarter of 2023 unless otherwise indicated).

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