Myomo (FRA:0M61) Tax Rate % : -2.17% (As of Mar. 2024)

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What is Myomo Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Myomo's Tax Expense for the three months ended in Mar. 2024 was €0.08 Mil. Myomo's Pre-Tax Income for the three months ended in Mar. 2024 was €-3.45 Mil. Therefore, Myomo's Tax Rate % for the quarter that ended in Mar. 2024 was -2.17%.

Myomo Tax Rate % Historical Data

The historical data trend for Myomo's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Myomo Tax Rate % Chart

Myomo Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-0.87

-0.66

-1.95

Myomo Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															-1.60	0.43	-2.31	-2.97	-2.17

Myomo Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Myomo's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	0.143	/	-7.329
	=	-1.95 %

Myomo's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	0.075	/	-3.453
	=	-2.17 %

Myomo Tax Rate % Related Terms

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Myomo (FRA:0M61) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Myomo Inc (FRA:0M61) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

MYO:USA 0M61:Germany

Address

137 Portland Street, 4th Floor, Boston, MA, USA, 02114

Website

https://www.myomo.com

Myomo Inc is a wearable medical robotics company that develops, designs, and produces myoelectric orthotics for people with neuromuscular disorders. The MyoPro myoelectric upper limb orthosis product is registered with the Food and Drug Administration as a Class II medical device. The Company provides the device to patients and bills their insurance companies directly, sometimes utilizing the clinical services of orthotics and prosthetics providers for which a fee is paid. The Company sells the product to orthotics and prosthetics providers around the world and the Veterans Health Administration (VA).

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