Myomo Sees Q3 Revenue $8M-$8.5M Vs $8.35M Est.; FY Revenue $28M-$30M Vs $28.66 Est.; Says 'We Are Continuing Our Efforts To Position The Company To Achieve Revenue Of $10M In Q4 And For Continued Growth In 2025'
Portfolio Pulse from Benzinga Newsdesk
Myomo projects Q3 revenue between $8M-$8.5M, slightly below the $8.35M estimate. FY revenue is expected to be $28M-$30M, close to the $28.66M estimate. The company aims for $10M in Q4 revenue and continued growth in 2025. Increased advertising spending in H2 2024 may impact cash flow breakeven.
August 06, 2024 | 9:58 pm
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Myomo projects Q3 revenue between $8M-$8.5M, slightly below the $8.35M estimate. FY revenue is expected to be $28M-$30M, close to the $28.66M estimate. The company aims for $10M in Q4 revenue and continued growth in 2025. Increased advertising spending in H2 2024 may impact cash flow breakeven.
The revenue projections for Q3 and FY are close to estimates, which is generally positive. The company's focus on achieving $10M in Q4 revenue and growth in 2025 is also promising. However, increased advertising spending in H2 2024 may impact cash flow breakeven, which could be a concern for investors.
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