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Eargo, Inc. (EAR)
NasdaqGS - NasdaqGS Real-time price. Currency in USD
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Interesting- Eargo have almost as.much cash as market cap. Will it last thru the turmoil?
DOJ Concludes Medicare Billing Investigation and Issues Press Release: Medicare Billing Company Will Pay $500,000 to Settle False Claims Allegations
A very similar situation settled with a fine and some corrective action.
Holding up well on a down day.
Eargo said it is cooperating with the investigation and is working with the government to validate its reimbursement claims submission process to avoid future issues.
Due to the investigation, Eargo will be withdrawing its financial guidance for the fiscal year ending December 31.
So when does the Bankruptcy process begin??
This is it… under 5$?
Big drop on no volume ' shorters at their best
$40 stock for $7 is a great bargain!!!
And now to under 6$….
Earnings are delayed Company filed paperwork today However, The filing shows that they sold over 13k units in the third quarter. That’s the best number ever. Since 44% of these were covered by insurance (the legal case that caused the big drop), they need to wait for the outcome before they can present financial data Makes sense.
Everyday that pass and nothing from the CEO, never a good signal.... SMH
it will go back to 20 after the case is over,,mark my word....
This stock has amazing fundimentals... Why is it crashing like this?
And I know about the DOJ stuff... But that is not new?
As this investigation is being carried out by a government agency its conclusion am timing will be known by Congress. Given congressmen can trade on insider information legally now we will see options and share volume run into the conclusion. Bet on it!
Geode Capital Management LLC Boosts Position in Eargo, Inc. (NASDAQ:EAR)
Cleared by DOJ this month
“Two additional third-party payor audits related to claims submitted for customers with FEHB plans are also in process.”
“During the three months ended September 30, 2021, the Company shipped 13,117 gross hearing aid systems, approximately 48% of which were to customers with potential insurance coverage.
The Company has not yet completed its assessment of the accounting impact of the DOJ investigation and the ongoing claims audits on its financial statements for the three months ended September 30, 2021 and prior periods, and is therefore unable to file the Form 10-Q on a timely basis.”
I’ve been very bullish on this stock, but the latest form released by Eargo uncovers 2 additional audits. Anyone else concerned of this news?
I am buying more of this share...
How bad was this accounting issue , any chance they work it out by next year?
Any update on this vicenda?
1st of all.... none goes Bankrupt here, so stop the ranting. There are 2 possible outcomes but none goes BK.
I bought a small quantity at 7$ a month ago and I hold. (Dont bet your house here). And I wont sell, I will finish this pocker match.
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