Eargo Inc logo

EAR

Eargo Inc

$2.33

Earnings Summary

Revenue
$9.24Mn
Net Profits
$-124.81Mn
Net Profit Margins
-1350.91%

Highlights

Revenue:

Eargo Inc’s revenue fell -58.1% since last year same period to $9.24Mn in the Q1 2022. On a quarterly growth basis, Eargo Inc has generated -8.16% fall in its revenue since last 3-months.

Net Profits:

Eargo Inc’s net profit fell -816.31% since last year same period to $-124.81Mn in the Q1 2022. On a quarterly growth basis, Eargo Inc has generated -174.33% fall in its net profits since last 3-months.

Net Profit Margins:

Eargo Inc’s net profit margin fell -2086.69% since last year same period to -1350.91% in the Q1 2022. On a quarterly growth basis, Eargo Inc has generated -198.71% fall in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Eargo Inc post its latest quarter earnings

EPS Estimate Current Year
-0.4

Highlights

EPS Estimate Current Year:

Eargo Inc’s earning per share (EPS) estimates for the current year stand at -0.4.

Key Ratios

Key ratios of the Eargo Inc post its Q1 2022 earnings

Earning Per Share (EPS)
-0.78
Return on Assets (ROA)
-0.64
Return on Equity (ROE)
-2.01
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Eargo Inc’s earning per share (EPS) fell -254.23% since last year same period to -0.78 in the Q1 2022. This indicates that the Eargo Inc has generated -254.23% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Eargo Inc’s return on assets (ROA) stands at -0.64.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Eargo Inc’s return on equity (ROE) stands at -2.01.

Dividend Per Share (DPS):

Eargo Inc declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-13
-0.4
-0.78
-94.82%

Company Information

Eargo is a medical device company dedicated to improving the quality of life of people with hearing loss. The Company's innovative product and go-to-market approach address the major challenges of traditional hearing aid adoption, including social stigma, accessibility and cost. The company believes that Eargo hearing aids are the first and only virtually invisible, rechargeable, completely-in-canal, FDA registered, exempt Class I or Class 2 devices for the treatment of hearing loss. The Company's differentiated, consumer-first solution empowers consumers to take control of their hearing. Consumers can purchase online or over the phone and get personalized and convenient consultation and support from licensed hearing professionals via phone, text, email or video chat. The Eargo solution is offered to consumers at approximately half the cost of competing hearing aids purchased through traditional channels in the United States. The company’s 4th generation product, the Eargo Neo HiFi, was launched in January 2020 and features improved capabilities across audio fidelity and bandwidth.

Organisation
Eargo Inc
Employees
238
Industry
Health Technology