Eargo, Inc. (EAR) Misses Q2 EPS by 49c

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Go back to Eargo, Inc. (EAR) Misses Q2 EPS by 49c

Eargo Reports Second Quarter 2022 Financial Results

August 8, 2022 4:01 PM EDT

Financing Update:

Strengthened financial position with up to $125 million strategic investment from Patient Square Capital (the Note Transaction); closed first tranche investment of $100 million senior secured convertible notes on June 28, 2022Company intends to seek stockholder approval to increase number of authorized shares and issue full potential amount of note conversion shares at annual meeting of stockholders to be held on October 12, 2022Company is focused on completing rights offering of 375 million shares of common stock by November 25, 2022

Second Quarter 2022 Highlights:

Reached civil settlement... More