earnings
confidence high
sentiment positive
materiality 0.85
Envoy Medical completes pivotal trial enrollment for fully implanted cochlear implant; raises $30M
Envoy Medical, Inc.
2026-Q1 EPS reported
-$0.08
revenue$39,000
- Completed enrollment of 56 patients in U.S. pivotal trial for Acclaim cochlear implant; first three patients reach 12-month endpoint.
- Closed upsized public offering for $30M gross proceeds (up to $78M with warrants); led by Nantahala Capital and Broadfin Holdings.
- Interim data from first 10 patients: CNC word recognition improved from 15.2% to 39.2%; no serious adverse events; 24-hour wear time.
- Q1 2026 revenue $39k; R&D expense $3.6M; cash $25.3M as of March 31, 2026.
- Appointed medical device veteran Chas McKhann to Board; expanded IP portfolio to 47 patents.