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HEALTHCARE | Medical Devices & Equipment / Therapeutic Devices
eargo.com

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Founded Year

2010

Stage

IPO | IPO

Total Raised

$231.11M

Date of IPO

10/16/2020

Market Cap

1.32B

Stock Price

6.51

About Eargo

Eargo (NASDAQ: EAR) is an audio hardware company focusing on the hearing experience. The company's hearing devices are designed to be 'virtually invisible', utilizing Flexi Fibers to suspend the device in the ear canal and keep it hidden while leaving the ear canal open to let natural bass sounds pass through.

Eargo Headquarter Location

1600 Technology Drive 6th Floor

San Jose, California, 95110,

United States

650-351-7700

Latest Eargo News

RM LAW Announces Class Action Lawsuit Against Eargo, Inc.

Oct 13, 2021

RM LAW Announces Class Action Lawsuit Against Eargo, Inc. BERWYN, Pa., Oct. BERWYN, Pa., Oct. 12, 2021 /PRNewswire/ -- RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased Eargo, Inc. ("Eargo" or the "Company") ( EAR ) securities during the period from February 25, 2021 through September 22, 2021, inclusive (the "Class Period"). Eargo shareholders may, no later than December 6, 2021, move the Court for appointment as a lead plaintiff of the Class. If you purchased shares of Eargo and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here . On August 12, 2021, after the market closed, Eargo revealed that claims submitted to the Company's largest third-party payor, which accounted for 80% of Eargo's accounts receivable, had not been paid since March 1, 2021. On this news, the Company's share price fell $8.00, or over 24%, to close at $24.70 per share on August 13, 2021, on unusually heavy trading volume. On September 22, 2021, after the market closed, Eargo revealed that "it is the target of a criminal investigation by the U.S. Department of Justice (the 'DOJ') related to insurance reimbursement claims the Company has submitted on behalf of customers covered by federal employee health plans." Moreover, the DOJ is the "principal contact related to the subject matter of the [ongoing] audit" of Eargo by an insurance company that is the Company's largest third-party payor. As a result of the foregoing, Eargo withdrew its full year financial guidance. On this news, the Company's share price fell $14.81, or over 68%, to close at $6.86 per share on September 23, 2021, on unusually heavy trading volume. If you are a member of the class, you may, no later than December 6, 2021, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff. "  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain RM LAW, P.C. or other counsel of your choice, to serve as your counsel in this action. For more information regarding this, please contact RM LAW, P.C. ( Richard A. Maniskas, Esquire) toll-free at (844) 291-9299 or by email at rm@maniskas.com or click here . For more information about class action cases in general or to learn more about RM LAW, P.C. please visit our website by clicking here . RM LAW, P.C. is a national shareholder litigation firm. RM LAW, P.C. is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. CONTACT:              RM LAW, P.C. Richard A. Maniskas, Esquire 1055 Westlakes Dr., Ste. 300 Berwyn, PA 19312 484-324-6800 844-291-9299 rm@maniskas.com View original content to download multimedia: https://www.prnewswire.com/news-releases/rm-law-announces-class-action-lawsuit-against-eargo-inc-301398663.html SOURCE RM LAW, P.C.

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Expert Collections containing Eargo

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Eargo is included in 6 Expert Collections, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

W

Wearable Computing

378 items

Wearable computing is broadly defined as companies developing devices worn or placed on the body that are equipped with technology, which can range from wearable medical devices to AR/VR headsets to GPS pet collars.

C

Consumer Hardware

2,912 items

M

Medical Devices

7,867 items

Companies developing medical devices (per the IMDRF's definition of "medical device"). Includes software, lab-developed tests (LDTs), and combination products. *Columns updated as regularly as possible.

S

Smart Home & Consumer Electronics

1,082 items

This Collection includes companies developing smart home devices, wearables, home electronics, and other consumer electronics.

D

Digital Health

11,216 items

Companies leveraging digital technology for healthcare, consumer health, clinical research, and life science (e.g. biopharma, medtech) applications.

Eargo Patents

Eargo has filed 17 patents.

The 3 most popular patent topics include:

  • Hearing
  • Hearing aids
  • Audiology
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/14/2018

10/5/2021

Ear, Auditory system, Fluid dynamics, Hearing aids, Hearing

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9/14/2018

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10/5/2021

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Related Topics

Ear, Auditory system, Fluid dynamics, Hearing aids, Hearing

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Status

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Eargo Web Traffic

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Page Views per Million (PVPM)
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