Ann: Revenue and Sales Update, page-4

Had never heard of them. I decided to have a look.

https://audeara.com/shop-products/ shows their headsets at $349 (I assume thats AUD)

With 329,747 in sales for the quarter that's 944 headsets sold. (I assume this doesn't reflect reality and that they sell them cheaper to the audiologists, and hence actually sold more - but we don't have those numbers)

Assuming the prior quarters (q4 2020) audiologist stores of around 600. That's 1.57 units sold per wholesale audiologist centre. For every 3 months.

That is absolutely miniscule.

Applying that to last years numbers (doing the same as above)
It's 240,371 in sales. Meaning 688 units sold across 250 stores (Approx for q4 2019). Hence 2.75 units sold per wholesale.

Looking at their December financials, they spent 3900$ on research and development. So it doesn't look like newer more expensive models are being worked on.

Growing store numbers is nice. But it does not seem to be getting much penetration with audiologists pushing their product. Which is what they need to start happening.

Or am I reading this wrong?