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Myomo
(NYSE MKT:MYO)
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Rating:51Neutral
Price Target:
$1.00
▲(16.28% Upside)
Action:Reiterated
Date:06/27/26
MYO’s score is held back primarily by weak financial quality—ongoing losses, materially negative operating/free cash flow, and elevated leverage—despite strong top-line growth and solid gross margins. The latest earnings call adds support via reiterated revenue guidance and improving operating metrics, while technicals are mixed and valuation remains unattractive due to unprofitability and no dividend.
Positive Factors
Strong revenue growth with healthy unit economics
Multi-year revenue growth (~69% TTM) paired with durable gross margins (~66% TTM, Q1 at ~68%) indicates sound unit economics. This combination supports scalable revenue expansion and provides a buffer for reinvesting in distribution and R&D while pursuing margin improvements over the next several quarters.
Negative Factors
Negative operating and free cash flow
Persistent negative OCF and FCF at material magnitudes (~-$14M and ~$-17M TTM) mean the company is burning cash despite revenue gains. This constrains strategic flexibility, requires ongoing external funding, and elevates dilution or financing risk until cash generation turns positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth with healthy unit economics
Multi-year revenue growth (~69% TTM) paired with durable gross margins (~66% TTM, Q1 at ~68%) indicates sound unit economics. This combination supports scalable revenue expansion and provides a buffer for reinvesting in distribution and R&D while pursuing margin improvements over the next several quarters.
Read all positive factors
Myomo (MYO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$40.18M
Dividend YieldN/A
Average Volume (3M)1.01M
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue Growth6.68%
EPS Growth-146.95%
CountryUS
Employees184
SectorHealthcare
Sector Strength45
IndustryMedical - Devices
Share Statistics
EPS (TTM)-0.36
Shares Outstanding38,638,653
10 Day Avg. Volume1,725,714
30 Day Avg. Volume1,013,050
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)3.34
Price to Sales (P/S)0.93
P/FCF Ratio-2.34
Enterprise Value/Market Cap1.55
Enterprise Value/Revenue1.51
Enterprise Value/Gross Profit2.30
Enterprise Value/Ebitda-5.21
Forecast
1Y Price Target
$5.25Price Target Upside510.47% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.3
Revenue Forecast (FY)$44.43M
Myomo Business Overview & Revenue Model
Company Description
Myomo, Inc. is a medical technology company specializing in wearable robotics. The company engineers and manufactures advanced myoelectric orthoses, primarily for individuals in the United States who experience neuromuscular impairments. Its flags...
How the Company Makes Money
Myomo makes money primarily by selling its wearable upper-limb assist devices (powered orthoses) and related accessories and services. Revenue is generated when devices are prescribed and delivered to end users through reimbursement channels (e.g....
Myomo Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call highlights steady, incremental progress: modest top-line growth (Q1 revenue +3%), improved gross margin (+100 bps), lower operating expenses (-1%), improved adjusted EBITDA (negative $2.3M vs negative $2.8M), strong shifts toward recurring revenue (49% of revenue vs 25% prior year), and robust international and O&P channel growth (international +53% YoY; U.S. O&P +79% YoY). Management provided constructive operational updates including payer contracting (covered lives up to 158M), product advances (mobile app reducing material costs ~10%, MyoPro 3 development), and a growing referral network (150+ rehab facilities, Autoboc partnership). Lowlights include continued net losses, dependency on a multi-quarter revenue cycle, macro pressures in Medicare Advantage and a decline in Medicare Part B dollar contribution, and some short-term margin pressure from higher on-site fitting costs. Overall, positive operational momentum and improving financial metrics outweigh remaining profitability and execution risks.Positive Updates
Modest Revenue Growth
Q1 2026 revenue of $10.1M, up 3% year-over-year; company reiterated full-year revenue guidance of $43M–$46M.
Negative Updates
Continued Net Loss and Negative EBITDA
Net loss of $3.0M ($0.07 per share) in Q1 and adjusted EBITDA still negative at $2.3M, indicating the company remains unprofitable while on a path toward improvement.
Read all updates
Q1-2026 Updates
Positive
Negative
Modest Revenue Growth
Q1 2026 revenue of $10.1M, up 3% year-over-year; company reiterated full-year revenue guidance of $43M–$46M.
Read all positive updates
Company Guidance
Myomo guided Q2 revenue of $10.3 million to $10.8 million (up ~7%–12% year‑over‑year and ~2%–7% sequentially), said Q2 gross margin should be higher year‑over‑year but lower sequentially (largely due to channel mix) and noted a ~10% reduction in MyoPro material costs from a new mobile app will begin flowing through to gross margin in Q2; operating expenses are expected to increase slightly versus Q1 to support modestly higher advertising, and full‑year revenue guidance was reiterated at $43 million to $46 million with a goal to cap 2026 operating expense growth at about one‑half the rate of revenue growth.Myomo Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
40
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.21M | 40.93M | 32.55M | 19.24M | 15.56M | 13.86M |
| Gross Profit | 27.18M | 26.89M | 23.19M | 13.18M | 10.25M | 10.31M |
| EBITDA | -11.99M | -12.38M | -5.04M | -7.47M | -10.11M | -9.95M |
| Net Income | -15.12M | -15.57M | -6.18M | -8.15M | -10.72M | -10.37M |
Balance Sheet | ||||||
| Total Assets | 36.75M | 38.64M | 42.24M | 14.58M | 10.16M | 20.10M |
| Cash, Cash Equivalents and Short-Term Investments | 15.70M | 18.39M | 24.87M | 8.87M | 5.35M | 15.52M |
| Total Debt | 18.96M | 19.38M | 8.11M | 601.30K | 553.91K | 735.00K |
| Total Liabilities | 27.75M | 27.23M | 17.53M | 5.59M | 3.80M | 4.69M |
| Stockholders Equity | 9.00M | 11.40M | 24.71M | 8.99M | 6.36M | 15.41M |
Cash Flow | ||||||
| Free Cash Flow | -17.34M | -16.25M | -4.65M | -6.32M | -10.35M | -9.87M |
| Operating Cash Flow | -14.03M | -14.51M | -3.29M | -6.17M | -10.23M | -9.55M |
| Investing Cash Flow | -5.66M | -7.06M | 259.98K | -2.03M | -310.79K | -326.46K |
| Financing Cash Flow | 11.46M | 11.43M | 20.93M | 9.71M | 376.86K | 13.17M |
Myomo Technical Analysis
Neutral
0.86
Price Trends
1.03
Positive
0.89
Positive
0.92
Positive
Market Momentum
0.01
Positive
44.90
Neutral
10.12
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MYO, the sentiment is Neutral. The current price of 0.86 is below the 20-day moving average (MA) of 1.24, below the 50-day MA of 1.03, and below the 200-day MA of 0.92, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 44.90 is Neutral, neither overbought nor oversold. The STOCH value of 10.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MYO.
Myomo Risk Analysis
Myomo disclosed 16 risk factors in its most recent earnings report. Myomo reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Myomo Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
52 Neutral | $71.67M | -4.66 | 836.32% | ― | 31.90% | -10.81% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
51 Neutral | $40.18M | -2.89 | -114.87% | ― | 6.68% | -146.95% | |
46 Neutral | $14.47M | -0.50 | -312.04% | ― | -100.00% | 100.00% | |
39 Underperform | $1.03M | -0.02 | -247.60% | ― | ― | 36.00% |
* Healthcare Sector Average
MYO
Myomo
1.04
-1.12
-51.85%
ECOR
Electrocore
8.64
3.40
64.89%
MODD
Modular Medical
4.50
-16.75
-78.82%
RBOT
Vicarious Surgical
0.14
-7.19
-98.04%
ADGM
Adagio Medical Holdings
0.65
-0.70
-51.78%
Myomo Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
Myomo Shareholders Approve Share Increase and Governance Proposals
Positive
Jun 26, 2026
At its annual meeting on June 25, 2026, Myomo stockholders approved an amendment to the company’s certificate of incorporation to increase the number of authorized common shares to 100,000,000, a change that became effective upon filing in D...
Business Operations and StrategyExecutive/Board Changes
Myomo Adds Horton Capital Executive to Board of Directors
Positive
May 13, 2026
Myomo, a wearable medical robotics company specializing in the MyoPro upper-limb orthosis for patients with neurological disorders and paralysis, is based in Burlington, Massachusetts and serves U.S. and international markets through its sales and...
Business Operations and StrategyExecutive/Board Changes
Myomo Adds Will Febbo to Board for Growth
Positive
Apr 16, 2026
On April 14, 2026, Myomo appointed William “Will” Febbo to its Board of Directors as a Class II director, expanding the board to six members and positioning him to serve until the 2028 annual meeting of stockholders. Febbo, an experien...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.