Brief: Eargo Reports First Quarter 2023 Financial Results

Eargo

11/05/2023 21:43

May 11 (Reuters) - Eargo Inc  EAR.O :
    * EARGO REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS
    * EARGO INC Q1 REVENUE ROSE 29 PERCENT TO $11.8 MILLION
    * EARGO INC - NET REVENUES OF $11.8 MILLION IN Q1 OF 2023,
UP 29%
YEAR-OVER-YEAR
    * EARGO INC - GAAP TOTAL OPERATING LOSS $22.8 MILLION IN Q1
OF
2023, COMPARED TO $30.4 MILLION IN Q1 OF 2022
    * EARGO: SEES MODEST SEQUENTIAL IMPROVEMENTS TO NET
OPERATING CASH
BURN, IN REMAINING QTRS OF 2023
    * EARGO INC - QTRLY LOSS PER SHARE $1.06

Source text for Eikon:  ID:nGNX7tsFVl 
Further company coverage:  EAR.O 

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