Eargo falls as Q2 loss widens, revenue falls

Eargo

09/08/2022 10:46

** Shares of medical device maker Eargo Inc  EAR.O  fall
21.2% to $1.08 premarket
    ** Company posts Q2 loss of $32.4 mln compared with a loss
of $19.3 mln, a year earlier
    ** EAR reports revenue of $7.2 mln compared with $22.9 mln,
a year earlier
    ** EAR says it continues to expect cash burn in 2022 to be
about $20 mln to $25 mln per quarter, does not provide further
forecast
    ** Up to last close, stock had fallen ~73% YTD

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))