Myomo Inc. (MYO) Financial Statements (2024 and earlier)

Company Profile

Business Address 137 PORTLAND STREET
BOSTON, MA 02114
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:10,9588,86611,1208,9579,2645,346
Cash and cash equivalents5,4356,8716,9126,0069,2645,346
Short-term investments5,5241,9954,2092,950  
Other undisclosed cash, cash equivalents, and short-term investments   00  
Receivables1,6832,3832,5171,6421,5481,896
Inventory, net of allowances, customer advances and progress billings2,3861,8041,4851,3371,5651,400
Inventory2,3861,8041,4851,3371,5651,400
Other undisclosed current assets677599920695536573
Total current assets:15,70513,65116,04212,63012,9129,215
Noncurrent Assets
Operating lease, right-of-use asset605664716299407509
Property, plant and equipment206176172154191194
Long-term investments and receivables   33103115132
Long-term investments   33103115132
Other noncurrent assets59191111111111
Total noncurrent assets:8169311,012667824947
TOTAL ASSETS:16,52114,58217,05413,29713,73610,162
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,9644,8865,2253,9773,4763,179
Accounts payable8291,0731,218767907570
Accrued liabilities2,7632,7422,5172,3371,6951,780
Other undisclosed accounts payable and accrued liabilities1,3721,0711,491874874830
Deferred revenue 9311121
Other undisclosed current liabilities593583522359458402
Total current liabilities:5,5575,4775,7784,3373,9343,602
Noncurrent Liabilities
Liabilities, other than long-term debt65115253140170201
Deferred revenue    000
Operating lease, liability65115253140170200
Total noncurrent liabilities:65115253140170201
Total liabilities:5,6215,5926,0314,4774,1043,803
Equity
Equity, attributable to parent10,9008,98911,0238,8209,6326,359
Common stock333221
Treasury stock, value(6)(6)(6)(6)(6)(6)
Additional paid in capital111,522105,840105,506101,227100,95595,105
Accumulated other comprehensive income (loss)14884(9)3910943
Accumulated deficit(100,766)(96,931)(94,471)(92,442)(91,428)(88,783)
Other undisclosed equity   (0)   
Total equity:10,9008,98911,0238,8209,6326,359
TOTAL LIABILITIES AND EQUITY:16,52114,58217,05413,29713,73610,162

Income Statement (P&L) ($ in thousands)

6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
Revenues3,7544,7565,0805,9593,4474,042
Cost of revenue(1,455)(1,652)(1,591)(1,677)(1,139)(1,414)
Other undisclosed gross profit  0    
Gross profit:2,2993,1053,4894,2812,3082,628
Operating expenses(6,188)(5,538)(5,513)(5,384)(4,979)(4,857)
Operating loss:(3,889)(2,433)(2,024)(1,103)(2,671)(2,229)
Nonoperating income
(Other Nonoperating income)
1354442856939
Interest and debt expense     (17) 
Other undisclosed loss from continuing operations before equity method investments, income taxes  (170)   (67)
Loss from continuing operations before equity method investments, income taxes:(3,753)(2,559)(1,983)(1,018)(2,619)(2,257)
Other undisclosed income from continuing operations before income taxes  170  1767
Loss from continuing operations before income taxes:(3,753)(2,389)(1,983)(1,018)(2,602)(2,191)
Income tax expense (benefit)(82)(71)(46)4(42)23
Loss from continuing operations:(3,836)(2,460)(2,029)(1,014)(2,644)(2,167)
Other undisclosed net income  0    
Net loss:(3,836)(2,460)(2,029)(1,014)(2,644)(2,167)
Other undisclosed net loss attributable to parent   (0)   
Net loss available to common stockholders, diluted:(3,836)(2,460)(2,029)(1,014)(2,644)(2,167)

Comprehensive Income ($ in thousands)

6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
Net loss:(3,836)(2,460)(2,029)(1,014)(2,644)(2,167)
Other comprehensive income (loss)6492(48)(70)6655
Comprehensive loss:(3,772)(2,368)(2,077)(1,084)(2,579)(2,113)
Other undisclosed comprehensive loss, net of tax, attributable to parent  (0)    
Comprehensive loss, net of tax, attributable to parent:(3,772)(2,368)(2,077)(1,084)(2,579)(2,113)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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