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InnerScope Hearing Technologies, Inc. (INND) is a technology-driven company based in Roseville, California, offering scalable B2B and B2C solutions. The company provides a B2B SAAS-based Patient Management System software program that improves operations and communication with patients. They also offer a buying group experience for audiology practices to lower product costs and increase margins. INND competes in the Direct-to-Consumer markets with 'hearable,' 'wearable,' personal sound amplification products (PSAP). Revolutionary apps on iOS and Android markets cater exclusively to the hearing impairment population globally, tapping into a vast untapped market created by the recent OTC (Over-the-Counter) hearing aids ruling.
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.
InnerScope Hearing Technologies Inc. (OTC: INND) announced the successful cancellation of $1.1 million in variable price convertible notes from GS Capital Partners. This initiative reduces nearly half of its outstanding convertible debt and aims to eliminate the remainder shortly. CEO Matthew Moore emphasized that these restructuring efforts enhance the company's balance sheet and capital structure, reflecting a commitment to shareholder value. InnerScope continues to expand its reach in the direct-to-consumer hearing tech market, having recently acquired iHear Medical Inc. and HearingAssist.
InnerScope Hearing Technologies Inc. (OTC: INND) has engaged CPA firm Paris, Kreit & Chiu LLP to conduct an independent audit of its financial statements for 2019, 2020, and Q1-Q3 2021. This step is vital for the Company as it aims to file for SEC Fully Reporting status post-audit completion. CEO Matthew Moore highlighted PKC LLP's extensive experience in auditing public companies, which positions InnerScope favorably in the Direct-to-Consumer Hearing Technology market.
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