Eargo, Inc.

General Information
Business:

We are a medical device company dedicated to improving the quality of life of people with hearing loss. We developed the Eargo solution to create a hearing aid that consumers actually want to use. Our innovative product and go-to-market approach address the major challenges of traditional hearing aid adoption, including social stigma, accessibility and cost. We believe our Eargo hearing aids are the first and only virtually invisible, rechargeable, completely-in-canal, FDA regulated, exempt Class I device for the treatment of hearing loss.

Our rapid pace of innovation is enabled by our deep industry and technical expertise across mechanical engineering, product design, audio processing, clinical and hearing science, consumer electronics and embedded software design, and is supported by our strategic intellectual property portfolio. Our differentiated, consumer-first approach empowers consumers to take control of their hearing by improving accessibility, with personalized, high-quality hearing support from licensed hearing professionals.

We believe that our differentiated hearing aids, consumer-oriented approach and strong brand have fueled the rapid adoption of our products and high customer satisfaction, as evidenced by over 42,000 Eargo hearing aid systems sold, net of returns, as of June 30, 2020. We believe this represents the beginning of our penetration into a large, growing and underserved market of people with hearing loss, which we estimate included approximately 43 million adults in the United States and more than 465 million adults globally in 2019.

Industry: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES
Employees: 184
Founded: 2010
Contact Information
Address 1600 Technology Drive, 6th Floor San Jose, California 95110
Phone Number (650) 351-7700
Web Address http://www.eargo.com
View Prospectus: Eargo, Inc.
Financial Information
Market Cap $653.92mil
Revenues $46.9 mil (last 12 months)
Net Income $-43.9 mil (last 12 months)
IPO Profile
Symbol EAR
Exchange NASDAQ
Shares (millions): 7.9
Price range $18.00 - $18.00
Est. $ Volume $141.3 mil
Manager / Joint Managers J.P.Morgan/ BofA Securities
CO-Managers Wells Fargo Securities/ William Blair
Expected To Trade: 10/16/2020
Status: Priced
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