In an expansion of its partnership with Best Buy, Eargo has introduced its hearing aid products in over 500 Best Buy retail stores. The major electronics retailer had announced recently that it was expanding its in-store hearing experience to 300 additional locations.
Among these locations, approximately 250 stores will carry Eargo 5, an FDA-cleared and self-fitting over-the-counter hearing aid, allowing customers to explore the product’s design and make in-store purchases. Additionally, customers can access Eargo’s full range of hearing aids on BestBuy.com. This expansion aims to enhance accessibility to cutting-edge hearing health technology, in line with Eargo’s mission to improve the quality of life for individuals experiencing hearing loss.
William Brownie, Interim Chief Executive Officer and Chief Operating Officer of Eargo, emphasized the company’s vision for the future of hearing wellness and the commitment to expanding access to innovative hearing health solutions:
“Eargo has an optimistic vision for the future of hearing wellness, and our expansion with Best Buy paves the way for enhancing accessibility to cutting-edge hearing health technology for individuals nationwide. Eargo is proud to continue our commitment to improving lives through better hearing.”
Eargo’s stock price surged by 16% to $1.86 in after-hours trading, driven by the Best Buy announcement.
About Eargo
Eargo is a medical device company on a mission to improve hearing health. Our innovative products and go-to-market approach address the major challenges of traditional hearing aid adoption, including social stigma, accessibility and cost. We believe our Eargo hearing aids are the first virtually invisible, rechargeable, completely-in-canal, FDA-regulated devices indicated to compensate for mild to moderate hearing loss. Our differentiated, consumer-first approach empowers consumers to take control of their hearing. Consumers can purchase online, at retail locations or over the phone and get personalized and convenient consultation and support from hearing professionals via phone, text, email or video chat. Eargo hearing aids are offered to consumers at approximately half the cost of competing hearing aids purchased through traditional channels in the United States.
Eargo’s seventh-generation device, Eargo 7 hearing aids are FDA 510(k) cleared over-the-counter hearing aid featuring Sound Adjust+ with Comfort and Clarity Modes, which focuses on noise reduction and adapting to users’ environments and needs. It offers consumers an innovative and accessible solution to address their hearing concerns.
Source: Eargo
