Eargo reports first quarter 2023 financial results

Recent highlights: net revenues of $11.8 million in the first quarter of 2023, up 29% year-over-year gross systems shipped of 8,705, up 51% year-over-year gaap total operating loss $22.8 million in the first quarter of 2023, compared to $30.4 million in the first quarter of 2022 commercially launched eargo 7, a self-fitting hearing aid with the use of sound match via our mobile app, in february 2023 company expects modest sequential improvements to net operating cash burn in the remaining quarters of 2023 san jose, calif., may 11, 2023 (globe newswire) -- eargo, inc. (nasdaq: ear) (“eargo” or the “company”), a medical device company on a mission to improve hearing health, today reported its financial results for the first quarter ended march 31, 2023.
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