90% of current sales are through the 1600 clinicsand most purchases are subsidized by various Govt rebates.
Gross margins are a healthy45%.
Audeara has sold around 12kheadphones to date and current revenues are around $1m this FY and forecast to growstrongly next FY.
Funds from IPO will be usedto expand to the US and they have signed an agreement with US distributorWestone who has 16k clinics in the US. They are also looking toexpand to the UK through distribution and clinic partners.
Its only a small $7m raise andgetting a good allocation will be a challenge. Good luck!
