Myomo, Inc. (NYSE American: MYO) is a medical robotics company founded in 2004 and headquartered in Burlington, Massachusetts. The company focuses on developing and commercializing wearable myoelectric orthoses, primarily for patients with upper-limb paralysis or weakness due to neurological conditions such as stroke, spinal cord injury, traumatic brain injury, and ...Myomo, Inc. (NYSE American: MYO) is a medical robotics company founded in 2004 and headquartered in Burlington, Massachusetts. The company focuses on developing and commercializing wearable myoelectric orthoses, primarily for patients with upper-limb paralysis or weakness due to neurological conditions such as stroke, spinal cord injury, traumatic brain injury, and brachial plexus injuries. Its flagship product, MyoPro, is an advanced brace that uses electromyographic (EMG) signals from the user's muscles to power assistive movement, enabling patients to perform daily activities with greater independence. Myomo distributes its products through a network of orthotics and prosthetics providers, rehabilitation hospitals, the Veterans Health Administration, and other distributors. The company has been publicly traded since 2017 and has faced financial challenges, with negative profitability metrics, but continues to innovate, recently introducing a mobile app to enhance clinical workflows. With a team of approximately 194 employees, Myomo is led by CEO Paul R. Gudonis, who has been in the role since 2011. The company's mission is to improve the quality of life for individuals with neuromuscular impairments through transformative technology.
Operator: Good day and welcome to the Myomo, Inc. First Quarter 2026 Financial Results Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist. After today's presentation, there will be an opportunity to ask questions. Please note that this event is being recorded. I would now like to turn the conference over to Bruce Voss of Alliance Advisors. Please go ahead.
Bruce Voss: Thank you and good afternoon, everybody. This is Bruce Voss with Alliance Advisors IR. Welcome to the Myomo, Inc. First Quarter 2026 Financial Results Conference Call. With me on today's call are Myomo, Inc.'s Chief Executive Officer, Paul R. Gudonis, and Chief Financial Officer, David A. Henry. Before we begin, I would like to caution listeners that statements made during this call by management other than historical facts are forward-looking statements. The words anticipate, believe, estimate, expect, intend, guidance, outlook, confidence, target, project and other similar expressions are typically used to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and may involve and are subject to risks, uncertainties and other factors that may affect Myomo, Inc.'s business, financial condition and operating results. These risks, uncertainties and other factors are discussed in Myomo, Inc.'s filings with the Securities and Exchange Commission. Actual outcomes and results may differ materially from what is expressed in or implied by these forward-looking statements. Furthermore, except as required by law, Myomo, Inc. undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this call today, 05/07/2026. Now it is my pleasure to turn the call over to Myomo, Inc.'s CEO, Paul. Paul, please go ahead.
Paul R. Gudonis: Thanks, Bruce. Well, good afternoon, and thank you all for joining us today. We remain very excited about the opportunity in front of us to improve lives and grow our company. Chronic upper-limb paralysis is an underserved medical condition and each year stroke leaves hundreds of thousands of Americans with long-lasting arm impairments. When you add in spinal cord injury, traumatic brain injury and brachial plexus injuries, the addressable U.S. population reaches into the millions, and globally millions more. For most of these patients, the standard of care has been a passive brace, ongoing physical therapy with diminishing returns, or resignation to permanent loss of function. Our MyoPro is the only commercially available powered arm orthosis in the U.S. that uses non-invasive EMD sensors to detect the patient's own muscle signals and amplify them into functional movement, thereby permitting paralyzed individuals to feed themselves, carry objects, return to work, and reclaim independence at home. It is not an incremental improvement on existing care. It is really an …