Welcome to our dedicated page for Innerscope Hear news (Ticker: INND), a resource for investors and traders seeking the latest updates and insights on Innerscope Hear stock.
InnerScope Hearing Technologies Inc. (OTC: INND) generates news around the Over-the-Counter (OTC) hearing aid and digital health markets. Company announcements highlight its activities as a manufacturer and distributor of OTC hearing aids, hearing aid accessories, and hearing health-related products, as well as its efforts to expand access to affordable hearing solutions through major retailers and pharmacy chains.
News coverage frequently focuses on wholesale distribution milestones, such as the launch of HearingAssist branded OTC rechargeable hearing aids on Target.com, Walgreens.com, and CVS.com, and the placement of products in selected pharmacy locations and vision centers. Releases also describe the deployment of hearing screening kiosks in pharmacies and the rollout of online hearing screening tools on retailer websites.
Another recurring theme in InnerScope’s news is corporate development and partnerships. The company has reported acquisitions of iHear Medical Inc. and HearingAssist, gaining patents, an R&D facility, and an established customer base. It has also announced a partnership with Atlazo Inc. for next-generation AI smart devices and a strategic alliance related to the pending acquisition of OTCHealth Inc. by Ainnova Tech Inc., in which InnerScope is an equity owner.
Investors and observers can also find updates on financial performance and strategy, including prior-year financial results, commentary on the impact of the U.S. OTC hearing aid regulatory framework, and the company’s shift toward a B2B wholesale distribution model. Additional news items cover investor relations initiatives, such as the engagement of external investor relations firms and plans related to financial audits and reporting status.
For those following INND, this news stream provides context on product launches, distribution agreements, technology partnerships, and strategic transactions that shape InnerScope’s role in the OTC hearing aid and hearing health markets.
InnerScope Hearing Technologies Inc. (OTC: INND) announced that its subsidiary, HearingAssist, secured $2,750,000 through a Receivable Factoring Agreement with Star Funding Inc. This agreement allows for additional funding without a ceiling limit, facilitating the fulfillment of growing orders from InnerScope's distribution network. CEO Matthew Moore emphasized that this partnership will support their expansion plans, particularly with the anticipated enactment of the OTC Hearing Aid Act, expected within 90 days.
InnerScope Hearing Technologies invites investors to a real-time interactive presentation led by CEO Matthew Moore at the Emerging Growth Conference on June 8, 2022, at 2:30 p.m. EST. The event allows interaction between Moore and attendees, who can ask questions. The focus will be on how InnerScope is positioned in the emerging over-the-counter hearing aid market due to the expected passage of the OTC Hearing Aid Act. This act aims to increase accessibility to hearing aids for the 70 million North Americans with hearing impairments.
InnerScope Hearing Technologies has officially relaunched its eCommerce website iHEARdirect.com, enhancing customer experience with new features, including a free online hearing screening and an informative blog on hearing loss. The website promotes the iHEAR brand’s direct-to-consumer hearing aids, which offer comparable technology to traditional hearing aids at significantly lower prices and are shipped directly to customers’ homes. The relaunch is part of InnerScope's strategy to compete with major manufacturers in the multibillion-dollar hearing aid market.
InnerScope Hearing Technologies Inc. (OTC: INND) has announced a wholesale vendor agreement with Best Buy to sell its HearingAssist branded hearing aids and related products in the US and Puerto Rico. This collaboration enables the launch of several HearingAssist products on BestBuy.com. According to Matthew Moore, CEO, this partnership enhances brand awareness and market penetration among the 48 million Americans experiencing hearing loss. The deal follows other retail partnerships, including those with Walmart and Rite Aid, positioning InnerScope strongly ahead of the upcoming Over-The-Counter Hearing Aid Law.
InnerScope Hearing Technologies Inc. (OTC: INND) reported its unaudited annual results for fiscal year 2021, showing a $7,266,146 increase in shareholder equity. Key highlights include a $62,176,999 increase in paid-in capital and a $529,192 rise in revenues. The company emphasized its growth through strategic acquisitions, notably iHear Medical and HearingAssist, enhancing its distribution network and access to valuable patents. With an expanding retail presence, including partnerships with Walmart and Rite Aid, InnerScope aims to capitalize on the emerging Direct-to-Consumer hearing aid market.
InnerScope Hearing Technologies Inc. (OTC: INND) has announced that its subsidiary, HearingAssist, has launched a range of hearing products on RiteAid.com. The product line includes hearing aid care supplies and the popular Wireless Neckband TV Listener Hearing Amplifier. This launch precedes the OTC Hearing Aid Law, expected to enable over-the-counter sales of hearing aids without prescriptions. The company aims to leverage upcoming retail partnerships to expand its market presence and establish a new category in hearing healthcare.
InnerScope Hearing Technologies Inc. (OTC: INND) reported preliminary revenue of $633,894 for Q4-2021, reflecting enhanced sales momentum stemming from strategic acquisitions. Key developments included acquiring iHear Medical and HearingAssist, expanding its operational capacity with new manufacturing facilities. The company's workforce grew from 9 to 30 employees, alongside filing two provisional patents for innovative products, and securing partnerships aimed at developing next-gen hearing aids.
InnerScope Hearing Technologies (OTC: INND) has launched its HearingAssist and iHear branded hearing products on Walmart.ca, reaching over 1.5 million daily visitors. The company, a leader in the Direct-to-Consumer hearing technology market, plans to expand its product offerings on the platform. Approximately 65% of Canadians over 70 experience hearing loss; InnerScope aims to address this through automated Self-Check Hearing Screening Kiosks at major retailers. CEO Matthew Moore expressed enthusiasm for strengthening their partnership with Walmart, which is currently InnerScope's largest hearing aid supplier.
InnerScope Hearing Technologies Inc. (OTC: INND) has launched an internal customer call center aimed at enhancing support for its nearly 500,000 customers from HearingAssist and iHear. Staffing the center are experienced licensed hearing professionals and top salespeople from competitor platforms. The call center's services include a free consultation with licensed hearing professionals and lifetime after-care support. This initiative aligns with InnerScope's commitment to improving customer experience and fostering revenue growth, capitalizing on its new eCommerce capabilities and partnerships with major retailers like Walmart.
InnerScope Hearing Technologies has launched a new eCommerce website for its subsidiary, HearingAssist, aimed at enhancing user experience and driving revenue growth. This redesigned platform offers mobile responsiveness, improved product search capabilities, and a streamlined purchasing process. With over 500,000 hearing aids sold, HearingAssist is Walmart's largest hearing aid supplier. CEO Matthew Moore expressed optimism regarding the website's potential to reach millions of customers and facilitate easy access to affordable hearing aids and consultations.
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