- 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
Nuheara: Invoiced quarterly revenue grows 543pc in Q1 FY21
