Nuheara Ltd. (AU:NUH) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Nuheara Ltd. is undergoing a strategic review, shifting focus to developing their new chip with Realtek and the next-gen HP Hearing PRO product, while reducing investments in production and marketing. This move aims to lower the need for external capital and is complemented by cost-cutting measures, including a significant salary reduction for CEO Justin Miller, who will also potentially receive performance rights contingent on a successful M&A transaction. The company’s shares are currently suspended from trading and will move to voluntary suspension post-financial statement release.
For further insights into AU:NUH stock, check out TipRanks’ Stock Analysis page.
