Nuheara has announced a “406% increase in invoiced revenue to $6.9 million for H1” due to sales of its IQBuds MAX, according to an article on the Australian business news website Stockhead.

The hearing aid, developed in partnership with HP, received “strong demand” in the first few months of 2020, selling over 5,000 units in the first 6 months, according to the article.

Nuheara CEO Justin Miller always envisioned the company’s products being sold globally. He is quoted in the article as saying, “The company has held a long-term strategic ambition to deliver Nuheara designed and manufactured product, to global customers, across multiple diversified sales channels.

“H2 is forecast to see this ambition realized with further growth expected in our global online direct-to-customer sales, expansion of sales campaigns with our traditional retail partners, and the delivery of the first mass production units for our OEM partner HP,” Miller said.

To read the story in its entirety, please click here.

Source: Stockhead