The latest announcement tells us delivery to sales outlets will commence in late January. So the 4c for 1q in April will be the base for growth, and the eoy2022/3 will tell us the growth path. You can choose to average down or buy up. I have been here for long enough and bought some more recently so i will hold.
IMO. DYOR.
Nuheara LimitedHead OfficePhone;+61 8 6555 9999 ASX: NUH190 Aberdeen Street, NorthbridgeWA 6003Facsimile:+61 8 6555 9998 www.nuheara.comEmail:[email protected] ASX Announcement Release Date:12 DECEMBER2022 NUHEARAEXPANDS US RETAIL FOOTPRINT WITHINNERSCOPE STRATEGIC PARTNERSHIP Highlights •Nuheara hassigned a Memorandum of Understanding (MoU)with InnerScope, substantially increasing Nuheara’s pointsof sale •Nuheara’s US FDA cleared HP Hearing PRO self-fitting hearing aid to be soldinc4,600US retail stores (up from c300currently) •US FDA cleared self-fit hearing aids now being manufactured tofulfilinitial orders from Best Buy and other US retail customers PERTH, AUSTRALIA:Medical device and consumer electronics manufacturerNuheara Limited (ASX:NUH) (Company orNuheara) is pleased to announce a majorexpansion of its US retail footprint,from circa300points ofsalecurrently tocirca4,600over the coming months,with US FDAclearedself-fit hearing aids now being manufactured to fulfil initial orders from Best Buy and otherUSretail customers. Memorandum of Understanding(MoU)signedwithInnerScopeto sell NuhearaOTC self-fit hearing aids inc1,500 Walmart and c1,700 Rite Aid stores Nuheara and InnerScopeHearing Technologies, Inc. a US publicly tradedcompany on the OTCMarkets (OTCPink: INND) (InnerScope)have agreed topartner together to penetrate the US hearing aid market, creating and providing retail and technology solutions to buildastrong market share in theOver The Counter (OTC) self-fit hearing aids segment. InnerScope, headquartered in Roseville, California, develops and marketsOTChearingaidsand related hearing healthcare products, hearing aid & ear care products, and hearing treatment therapies.Itsomnichannel marketing approach, includingadistribution network of wholesale and retail partners, gives the ability to reach the estimated 70 million people in North America that currently need hearing help.InnerScope offersinnovative point-of-sale Hearing Screening Kiosks, deployed inover100 independentUSpharmacieswith another 1,000pharmacy locations by mid2023.In addition, InnerScopecurrentlyhas product displaysin circa1,500 Walmart Vision Centers,and in early 2023 will roll out freestandingdisplaysacrosscirca1,700 Rite Aidpharmacystores. ThisMoU builds on Nuheara’s recent receipt ofUS Food and Drug Administration (FDA) clearance for its Self-Fitting OTC Hearing Aid.Nuheara’s HP Hearing PROis the first hearing aid tobe cleared by the FDA for both 874.3325 self- fitting and the 800.30 OTC hearing aidclassifications under a new product classification code “QUH”.
NUH Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
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