Myomo Q2 Earnings Call Highlights

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MarketBeat

Sun, August 9, 2026 astatine 2:04 PM CDT 6 min read

Key Points

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Revenue roseate 21% twelvemonth implicit twelvemonth to $11.7 million, supported by a 19% summation successful recognized MyoPro units and a grounds 255 orders. Gross borderline improved to 72.1%, portion the operating nonaccomplishment narrowed to $2.3 million.
Myomo's displacement toward recurring referral sources gained traction: these sources generated 53% of quarterly revenue, up from 26% a twelvemonth earlier. The institution added much than 150 referral sites, expanded its progressive web supra 300 locations and reported maturation successful planetary and U.S. orthotics channels.
Management raised full-year 2026 gross guidance to $45 million–$47 million, up from $43 million–$46 million, and expects third-quarter gross of $11.5 million–$12 million. The institution besides expects second-half currency pain beneath $2 cardinal portion continuing reimbursement, product-development and clinical-trial initiatives.

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Myomo (NYSEAMERICAN:MYO) reported second-quarter 2026 gross maturation of 21% arsenic the wearable robotics institution continued shifting its diligent acquisition strategy toward recurring referral sources and expanded reimbursement relationships.

Revenue for the 4th totaled $11.7 million, compared with the prior-year period, driven by a 2% summation successful mean selling terms to astir $55,500 and a 19% emergence successful recognized gross units to 211 MyoPro devices. The institution recorded a quarterly grounds of 255 MyoPro orders, up 23% twelvemonth implicit year.

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Chief Executive Officer Paul Gudonis said the institution is emphasizing recurring referrals, reimbursement access, operating subject and merchandise improvement alternatively than relying chiefly connected direct-to-consumer marketing.

Referral Strategy Gains Momentum

Recurring diligent sources represented 53% of second-quarter revenue, doubling from 26% a twelvemonth earlier and reaching Myomo's 50% nonsubjective six months up of schedule. The institution said it added much than 150 referral sites during the quarter, bringing its progressive web to much than 300 locations.

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Within recurring channels, direct-billing referrals done the MyoConnect programme accounted for 23% of full revenue, up from 20% successful the archetypal quarter. International gross represented 17% of gross and grew 32% twelvemonth implicit year, portion the U.S. orthotics and prosthetics, oregon O&P, transmission represented 10% of gross and grew 130%. Veterans Affairs patients accounted for 3% of quarterly revenue.

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