InvestorNewsBreaks – InnerScope Hearing Technologies Inc. (INND) Announces Posting of 2021 Annual Report
Apr 1, 2022
InnerScope Hearing Technologies (OTC: INND), an emerging and disruptive leader in the direct-to-consumer hearing technology space, has posted its unaudited annual report for the fiscal year ending Dec. 31, 2021. Among the highlights, the company reported increases of $62,176,999 in paid-in capital, $15,009,164 in intangible assets, $7,266,146 in shareholder equity, $2,687,580 in inventory, and $529,192 increased revenues. “I am extremely proud of our team’s efforts to build a solid foundation of recurring revenue through a combination of key acquisitions and a network of major retailers and pharmacy chains,” said Matthew Moore, president and CEO of InnerScope Hearing Technologies. “InnerScope’s key acquisitions in the last quarter of 2021 of iHear Medical and HearingAssist have made InnerScope a recognized emerging powerhouse in the DTC/OTC hearing aid market.”
To view the full press release, visit https://ibn.fm/lctgr
About InnerScope Hearing Technologies Inc.
InnerScope is a leading direct-to-consumer (“DTC”) manufacturer and distributor of FDA-registered hearing aids, hearing assistive devices, hearing health-related products, and personal sound amplifier products (“PSAPs”) (“hearing products”) dedicated to addressing the global demand for affordable hearing solutions. InnerScope’s products and its business model break through the persistent barriers that prevent access to effective hearing solutions. InnerScope’s recent acquisition of iHear Medical Inc., a DTC cloud-based hearing solution provider, gives the company access to over 40 patents and an FDA-registered manufacturing and R&D facility. In addition, InnerScope has acquired HearingAssist, an established leader in the direct-to-consumer hearing aid market with a customer base of over 400,000. These acquisitions, combined with a partnership with Atlazo Inc., a semiconductor innovator for next-generation AI smart devices, will allow InnerScope to better position itself in the direct-to-consumer hearing solutions market by selling advanced hearing products through Walmart and other major retailers. InnerScope’s full line of hearing health products is currently available through these multiple retail/wholesale channels: Walmart.com, Walmart Canada, RiteAid.com, Amazon.com, Giant Eagle, Hy-Vee, Hartig Drug, Food City, and Cardinal Health dba RGH Enterprises Inc., which provides InnerScope products to FSAStore.com, HSAStore.com and WellDeservedHealth.com. Additional major retailers in-store and online are launching soon. For information related to InnerScope Hearing Technologies’ latest hearing aids and related hearing products, please visit www.iHearDirect.com, www.HearingAssist.com and www.INND.com. For the most up-to-date information about InnerScope, please visit and follow its official Twitter account @inndstock page: https://twitter.com/inndstock.
NOTE TO INVESTORS: The latest news and updates relating to INND are available in the company’s newsroom at https://ibn.fm/INND
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