Investors may not be too familiar yet with innovative hearing aid manufacturer Eargo (NASDAQ: EAR) -- the upstart only went public in October. But it has been listening well to its customers, and folks in search of new stocks to buy in the healthcare sector will want to take note.
Eargo reported crystal-clear first-quarter earnings on May 12, with 74% net revenue growth. System shipments (with a "system" being two hearing aids, a charging case, and starter accessories) were up by 66.5% year over year to 11,704 for the quarter. The company hopes to keep the momentum going with the launch of its next-generation product, the Eargo 5, in the back half of 2021.
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