Financial PerformanceMyomo recently reported its Q3 2024 results, showing revenue of $9.2 million, an 81% increase year-over-year, surpassing consensus estimates.
Market ExpansionThe recent Medicare ruling expands the potential market for MyoPro significantly, highlighting a major growth opportunity.
Operational GrowthTo accommodate the growing demand of its MyoPro, the company has grown its employee count to roughly 180 and is moving to a larger facility, which should double its potential capacity in the next six months.