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Myomo (MYO) investor relations material
Myomo Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary10 Nov, 2025
Executive summary
Q3 2025 revenue reached $10.1 million, a 10% year-over-year increase, driven by record international and O&P channel sales, higher unit deliveries, and growth in the U.S. and Germany.
Net loss for Q3 2025 was $3.7 million ($0.09 per share), with operating expenses up 26% year-over-year due to increased advertising, R&D, and payroll.
The patient pipeline grew to 1,669, up 32% year-over-year, with 826 new adds in Q3 and record authorizations and orders.
Strategic focus remains on expanding MyoConnect, O&P channel, insurance coverage, and reducing operating costs.
Investments continue in advertising, clinical capacity, and R&D to drive future growth while minimizing cash burn.
Financial highlights
Q3 2025 revenue: $10.1 million (up 10% year-over-year); year-to-date: $29.6 million (up 44%).
Gross margin was 63.8% in Q3 2025, down from 75.4% last year, due to higher labor, overhead, and material costs.
Operating loss was $3.5 million, net loss $3.7 million ($0.09/share), and adjusted EBITDA was negative $2.7 million.
Cash, equivalents, and short-term investments totaled $12.6 million at quarter-end; pro forma cash after new loan facility is $20.1 million.
Operating expenses rose 26% for the quarter, mainly from higher payroll, advertising, and R&D spending.
Outlook and guidance
Full-year 2025 revenue guidance of $40–$42 million was reiterated, representing over 23% growth year-over-year.
Focus for 2026 is on diversifying revenue streams, improving operating leverage, and lowering cash burn.
Manufacturing cost reduction projects are underway, targeting a 200 basis point gross margin improvement by Q3 2026.
Sufficient liquidity is expected for at least the next 12 months, supported by recent debt and equity financings.
MyoConnect/O&P: How do these scale efficiently?
How does new debt impact path to cash flow positive?
What specific actions address gross margin decline?
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Frequently asked questions
Myomo Inc is a medical robotics company that develops wearable devices to improve arm and hand function for individuals with neuromuscular conditions. Its primary product is a powered orthosis that restores mobility for patients with stroke, spinal cord injury, or other neurological disorders. The device is distributed through clinical partners and direct-to-patient channels. Myomo Inc is headquartered in Boston, Massachusetts, and its shares are listed on the NYSE American.
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