OverviewSuggest Edit

Eargo is a hearing aid manufacturer. Its devices sync to the Eargo app, where users can adjust their hearing preferences based on bass and treble levels or by the settings.
TypePublic
Founded2010
HQSan Jose, CA, US
Websiteeargo.com
Employee Ratings4.3
Overall CultureA+

Latest Updates

Employees (est.) (Jun 2020)184(-23%)
Job Openings29
Revenue (FY, 2020)$69.2 M(+111%)
Share Price (Sept 2021)$21.7(-1%)
Cybersecurity ratingBMore

Key People/Management at Eargo

Christian Gormsen

Christian Gormsen

Chief Executive Officer
Bill Brownie

Bill Brownie

Chief Customer Operations Officer
Raphael Michel

Raphael Michel

Founder
Adam Laponis

Adam Laponis

Chief Financial Officer
Christy La Pierre

Christy La Pierre

Chief Legal Officer
Shiv Singh

Shiv Singh

Chief Marketing Officer
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Eargo Office Locations

Eargo has offices in San Jose and Nashville
San Jose, CA, US (HQ)
1600 Technology Dr
Nashville, TN, US
716 Division St
Show all (2)

Eargo Financials and Metrics

Eargo Revenue

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Eargo's revenue was reported to be $69.15 m in FY, 2020
USD

Revenue (Q1, 2021)

22.0m

Gross profit (Q1, 2021)

15.8m

Gross profit margin (Q1, 2021), %

71.4%

Net income (Q1, 2021)

(13.6m)

EBIT (Q1, 2021)

(13.4m)

Market capitalization (22-Sept-2021)

839.3m

Closing stock price (22-Sept-2021)

21.7

Cash (31-Mar-2021)

201.6m

EV

653.9m
Eargo's current market capitalization is $839.3 m.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

6.6m23.2m32.8m69.2m

Revenue growth, %

250%42%

Cost of goods sold

4.5m11.4m15.8m21.9m

Gross profit

2.2m11.7m17.0m47.3m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

4.4m6.0m5.4m7.3m7.2m7.7m12.7m15.9m18.2m22.0m

Cost of goods sold

2.3m2.9m2.8m3.8m3.6m3.6m4.7m5.2m5.4m6.3m

Gross profit

2.1m3.1m2.6m3.5m3.5m4.1m8.0m10.7m12.8m15.8m

Gross profit Margin, %

47%52%48%48%49%54%63%67%70%71%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

51.1m13.4m212.2m

Accounts Receivable

965.0k2.1m3.8m

Prepaid Expenses

3.7m

Inventories

2.2m2.9m2.7m
Quarterly
USDQ2, 2020Q3, 2020Q1, 2021

Cash

8.3m70.2m201.6m

Accounts Receivable

3.0m2.6m5.3m

Prepaid Expenses

1.4m3.2m

Inventories

3.0m3.3m2.5m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(24.6m)(33.8m)(44.5m)(39.9m)

Depreciation and Amortization

371.0k695.0k1.5m2.5m

Inventories

853.0k(1.7m)(720.0k)141.0k

Accounts Payable

1.6m2.5m163.0k187.0k
Quarterly
USDQ2, 2019Q2, 2020Q3, 2020Q1, 2021

Net Income

(19.0m)(18.3m)(28.1m)(13.6m)

Depreciation and Amortization

593.0k1.1m1.8m735.0k

Inventories

(741.0k)(159.0k)(409.0k)276.0k

Accounts Payable

(1.0m)(1.0k)579.0k715.0k
USDFY, 2017

Revenue/Employee

78.2k
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Eargo Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Gross Hearing Aid Systems Shipped

19.37 k5.36 k4.96 k5.26 k22.79 k7.03 k9.04 k

Return Accrual Rate

44%37%34%35%35%28%27%
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Eargo Acquisitions / Subsidiaries

Company NameDateDeal Size
Eargo Hearing, Inc.

Eargo Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Eargo Online and Social Media Presence

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Eargo Company Culture

  • Overall Culture

    A+

    87/100

  • CEO Rating

    A+

    93/100

  • Compensation

    A+

    86/100

  • Diversity

    A-

    83/100

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Eargo News and Updates

(EAR) Alert: Did You Lose Money on Your Eargo Investment? Contact Johnson Fistel Regarding Investigation

SAN DIEGO, Sept. 23, 2021 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Eargo, Inc. (NASDAQ: EAR).

EARGO INVESTIGATION: Block & Leviton Investigates Eargo, Inc. For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm

BOSTON, Sept. 23, 2021 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Eargo, Inc. (NASDAQ: EAR) for potential securities law violations. Investors who have lost money in their Eargo investment should contact the firm to learn more about how they might recover those losses. For more detai…

Eargo and VARTA Empower Better Hearing Through all New Eargo 5 Hearing Aid

New lithium-ion battery delivers highest energy density in Eargo’s smallest device to date. New lithium-ion battery delivers highest energy density in Eargo’s smallest device to date.

Eargo Launches Eargo 5 Hearing Aid with Sound Match™ Technology

Start hearing life to the fullest with the ultimate Eargo device, completely redesigned to be customizable to your hearing preferences. Start hearing life to the fullest with the ultimate Eargo device, completely redesigned to be customizable to your hearing preferences.

Eargo Applauds Biden Administration Executive Order on Promoting Competition in the American Economy

Company Supports Administration’s Efforts to Increase Consumer Access to, and Lower Cost of Hearing Aids Company Supports Administration’s Efforts to Increase Consumer Access to, and Lower Cost of Hearing Aids

Eargo Appoints Katie Bayne to Board of Directors

28-year Coca-Cola Executive and Global Brand Builder Joins Effective June 9, 2021 28-year Coca-Cola Executive and Global Brand Builder Joins Effective June 9, 2021
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Eargo Blogs

Sound Match™: Hearing Personalization at Your Fingertips

Eargo Insider Sound Match™: Hearing Personalization at Your Fingertips Over 43 million Americans have some form of hearing loss, according to most hearing health experts. Unaddressed hearing loss can increase the risk of cognitive decline, dementia, falls, cardiovascular disease, social isolation, d…

Life in Tune with Freddie Ravel

Eargo Insider Life in Tune with Freddie Ravel Freddie Ravel is a musician’s musician. He has worked with some of the greats, including Prince, Madonna, Santana, Lady Gaga, Earth, Wind & Fire, Al Jarreau, Kanye, and Chicago. Freddie, however, is much more than a master keyboard player, he is some…

The Occlusion Effect and How it Affects Your Hearing

Eargo Insider The Occlusion Effect and How it Affects Your Hearing The most common kind of hearing loss is when the ability to understand the low frequencies (the bass sounds) are still being heard well and normally but the ability to hear high frequencies is affected and needs to be amplified. All …

Take Your Hearing Into Your Own Hands

Eargo Insider Take Your Hearing Into Your Own Hands Eargo 5 is a hearing revolution—a hearing aid that finally allows you to personalize your listening experience to your specific hearing preferences. Think of it as DIY for your hearing. No more calling an audiologist (or worse, scheduling a visit t…

Finding Your Ikigai 生き甲斐 Why I Wake up in the Morning

Eargo Insider Finding Your Ikigai 生き甲斐 Why I Wake up in the Morning Aligning with your ikigai, your purpose or reason for waking up in the morning, can increase self-esteem and longevity. The following post was published by our partner, AGEIST , a champion of the modern 50-plus demographic. Are you …

Shaking the Stigma of Hearing Loss

Eargo Insider Shaking the Stigma of Hearing Loss Thirty years ago I graduated with my Masters Degree in Audiology and there were 2 statistics made very clear to me. First, it takes a person about 7 years from when they first notice hearing loss until they decide to do something about it. Second, whe…
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Eargo Frequently Asked Questions

  • When was Eargo founded?

    Eargo was founded in 2010.

  • Who are Eargo key executives?

    Eargo's key executives are Christian Gormsen, Bill Brownie and Raphael Michel.

  • How many employees does Eargo have?

    Eargo has 184 employees.

  • What is Eargo revenue?

    Latest Eargo annual revenue is $69.2 m.

  • What is Eargo revenue per employee?

    Latest Eargo revenue per employee is $375.8 k.

  • Who are Eargo competitors?

    Competitors of Eargo include Caldera Medical, Sonic Innovations and Oticon.

  • Where is Eargo headquarters?

    Eargo headquarters is located at 1600 Technology Dr, San Jose.

  • Where are Eargo offices?

    Eargo has offices in San Jose and Nashville.

  • How many offices does Eargo have?

    Eargo has 2 offices.