Myomo Inc. (MYO) financial statements (2022 and earlier)

Company profile

Business Address 137 PORTLAND STREET
BOSTON, MA 02114
State of Incorp. DE
Fiscal Year End December 31
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,52412,2414,4656,54112,959
Cash and cash equivalents15,52412,2414,4656,54112,959
Receivables1,960925424382297
Inventory, net of allowances, customer advances and progress billings808707440256201
Inventory808707440256201
Deferred costs   145 
Other undisclosed current assets894573820551388
Total current assets:19,18714,4466,1497,87413,846
Noncurrent Assets
Operating lease, right-of-use asset633169 
Property, plant and equipment2759515518877
Restricted cash and investments  757552
Other undisclosed noncurrent assets  219145 
Total noncurrent assets:908264449407129
TOTAL ASSETS:20,09514,7106,5998,28213,975
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,9502,8491,7381,7431,277
Accounts payable723180450427265
Accrued liabilities623615256289370
Employee-related liabilities2,1891,8438901,028642
Other undisclosed accounts payable and accrued liabilities414210143  
Deferred revenue033
Debt  1,764  
Derivative instruments and hedges, liabilities  378440
Deferred revenue and credits168
Other undisclosed current liabilities33318 109 
Total current liabilities:4,2832,8703,8841,8561,485
Noncurrent Liabilities
Long-term debt and lease obligation402155889  
Long-term debt, excluding current maturities  889  
Operating lease, liability402155 
Liabilities, other than long-term debt11201 44
Deferred revenue and credits44
Deferred revenue111
Other liabilities 118   
Total noncurrent liabilities:403275890 44
Total liabilities:4,6863,1444,7741,8561,529
Stockholders' equity
Stockholders' equity attributable to parent15,40911,5651,8256,42612,446
Common stock10011
Treasury stock, value(6)(6)(6)(6)(6)
Additional paid in capital93,53879,27457,95751,72147,424
Accumulated other comprehensive loss(61)(13)   
Accumulated deficit(78,062)(67,690)(56,126)(45,290)(34,973)
Total stockholders' equity:15,40911,5651,8256,42612,446
TOTAL LIABILITIES AND EQUITY:20,09514,7106,5998,28213,975

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues13,8567,5833,8382,4441,559
Cost of revenue(3,544)(2,600)(918)(728)(505)
Cost of goods and services sold(113)(457)(491)(530)(410)
Gross profit:10,3124,9832,9201,7161,054
Operating expenses(20,580)(15,486)(13,715)(12,244)(7,602)
Operating loss:(10,268)(10,503)(10,795)(10,528)(6,548)
Nonoperating income (expense)(15)(939)82212(5,549)
Other nonoperating income (expense)(15)(1,061)82212(5,549)
Interest and debt expense (928)(114) (135)
Loss from continuing operations before income taxes:(10,283)(12,369)(10,827)(10,317)(12,233)
Income tax expense (benefit)(89)2,5802,9022,636 
Loss before gain (loss) on sale of properties:(10,372)(9,789)(7,925)(7,681)(12,233)
Other undisclosed net loss (1,775)(2,788)(2,636) 
Net loss:(10,372)(11,564)(10,713)(10,317)(12,233)
Other undisclosed net income attributable to parent    135
Net loss attributable to parent:(10,372)(11,564)(10,713)(10,317)(12,097)
Preferred stock dividends and other adjustments(640)671  (562)
Other undisclosed net loss available to common stockholders, basic (1,341)   
Net loss available to common stockholders, diluted:(11,012)(12,235)(10,713)(10,317)(12,659)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(10,372)(11,564)(10,713)(10,317)(12,233)
Other comprehensive loss(48)(13)   
Comprehensive loss, net of tax, attributable to parent:(10,420)(11,577)(10,713)(10,317)(12,233)

Statements sources

The financial statements are based on the company's filings with the 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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