FinTechFunding

Nuheara: Invoiced quarterly revenue grows 543pc in Q1 FY21

  • Hearing device maker Nuheara (NUH) has seen a 543 per cent growth in invoiced quarterly revenue for Q1 FY21
  • The company delivered record sales in the quarter which it contributes to ongoing IQbuds² MAX pre-orders, receiving quality certification and partnering with HP
  • Total invoiced sales exceeded $3.5 million, which is more than the entirety of FY20’s $1.7 million
  • Further, Nuheara burnt just under $1.9 million with the majority going towards product manufacturing and operating costs
  • The company has a cash balance of $1.54 million, representing less than one quarter of available funding
  • Finally, Nuheara will be receiving up to $3.7 million from its partnership with HP in the next quarter
Previous article
Galena Mining: Intersects high-grade silver and lead from Abra
Next article
Perpetual Resources: Raises $2M for Beharra Silica Sands project
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

JPMorgan Pilots Software to Monitor Junior Bankers’ Working Hours

New initiative aims to enhance oversight of junior employee hours worked.Highlights: JPMorgan tests software to monitor working hours...
FinTech

Goldman Sachs to Implement Performance-Based Staff Cuts in April

The bank plans restructuring amidst shifting financial landscape.Highlights: Goldman Sachs plans performance-based staff cuts in April.The restructuring aims...
FinTech

Nasdaq Secures SEC Approval for Trading Tokenized Securities

This marks a significant advancement in digital asset trading.Highlights: Nasdaq gains SEC approval for trading tokenized securities.This approval...
FinTech

Aveni Launches Agentic AI Council to Enhance AI Ethics

New council aims to guide ethical AI development and deployment strategies.Highlights: Aveni establishes the Agentic AI Council for...