Care Health Insurance

Myomo Reports Third Quarter 2023 Financial Results Featuring Record Product Revenue and Authorizations

Retrieved on: 
Tuesday, November 7, 2023
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Excluding guaranteed minimum payment revenue from the China JV company, product revenue was $5.0 million, up 27% compared with the third quarter of 2022.

Key Points: 
  • Excluding guaranteed minimum payment revenue from the China JV company, product revenue was $5.0 million, up 27% compared with the third quarter of 2022.
  • Myomo recognized revenue on 119 MyoPro units in the third quarter of 2023, up 37% over the same quarter a year ago.
  • Gross margin for the third quarter of 2023 was 68.7%, compared with 66.5% for the third quarter of 2022.
  • Operating expenses for the third quarter of 2023 were $5.5 million, an increase of 1% over the third quarter of 2022.

Critical Illness Insurance Global Market Report 2022 - ResearchAndMarkets.com

Retrieved on: 
Thursday, July 28, 2022
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The critical illness insurance market consists of sales of critical illness insurance by entities (organizations, sole traders, and partnerships) that are engaged in directly underwriting critical illness cover or a dread disease policy, which is additional insurance coverage to cover those overruns where traditional health insurance may fall short.

Key Points: 
  • The critical illness insurance market consists of sales of critical illness insurance by entities (organizations, sole traders, and partnerships) that are engaged in directly underwriting critical illness cover or a dread disease policy, which is additional insurance coverage to cover those overruns where traditional health insurance may fall short.
  • Therefore, the growing prevalence of critical illness is expected to drive the global critical illness insurance market.
  • Lack of awareness about critical illness insurance is hindering the growth of the global critical insurance market.
  • An increase in the range of critical illnesses covered in the critical illness insurance policies is a major trend shaping the critical insurance market.