When thank for you, you, second Thank and Nick, to joining we us you call reported everyone, on quarter. today. we spoke quarter our on a transitionary
in major $XXX Capital. milestone SEC significantly to reduced delinquency Patient financing Square shared the our of filing We and recently our DOJ burn reached with from have a investigation, settled strategic million cash up announcing commitment
progress our improving performance initial priorities. I'm have our most but in important pleased steps the to on XXXX. business making report made Turning business to cash while paid we third meaningful quarter that
in refining and business employees our insurance of insurance on elaborate our a these to invest hearing physical offering those This devices innovation. reminder, FEHB continuing Eargo of XXX hearing strategy, aid let million represent Eargo program, expanding and shares under do, accessing our cash regaining stand aids on coverage a paid an each million potentially I raise active the Right before expenses major for intend comment including will optimizing As forward briefly government priorities which to before a coverage for stock. for step retail to proceeds the company. up But separately. $XX.X of additional we common priorities and I to offering through me first of include
from on October subscriptions currently properly. on During our will shareholders we record October of annual on then all to of the are October meeting the interested all offering. launched conduct XX, submit we to of necessary and stockholder But participating on the Adam XX, indications offering Rights as stockholders offering accepting the received shareholders We Rights XX. provide this approval in details in Rights proposals urge more the shortly.
common the shares shares If broker street your nominee stock through then the in own nominee, dealer of you is your a dealer other record hold holder name, other a broker, of you last or or last to for and for holders is is and wish day you contact November them XX. participate. you should day November should subscribe non-U.S. to U.S. to holders subscribe The XX promptly
invest, filed you offering and with the the final should relating XXXX prospectus Commission. to Exchange Before dated October read XX, you Securities the
updates, operational Now turning retail to our beginning our strategy. with
allowing a intervention be to order hearing establishing XX, aids of XXXX, new became certain As aids involvement a hearing sold are in without person supervision, effective prescription the October regulatory before. for retail hearing FDA many for you has typical outside done hearing in of regulatory preparation optimal aid licensed hearing or retail category rule practitioner or of for clinics in final a the environment. aware the other Eargo never pilots experience purchasing to to conducted change. better how aid build this been Offering understand a through OTC consumer
So self critical administered post for experience two, includes a three, our and expert proper sales hearing class solution screening; our to one, serve four support. merchandising; perspective. outstanding compensation; education that in In shopping hearing world this purchase four, diligence when was a consumers person core from view, elements; number
and experience to of bispectrum, the Following purchase refining about in Eargo approximately the of XXXX nationwide. making stores partnership, testing pilot retailers, wireless this we largest the for America's agreed one expand available
how just Let Victra and education mentioned. core merchandising I me briefly four consumer elements the and From the stores an meet outline perspective.
are guests email in more experience health display content interactive that consultants an educational clean display sales Victra Eargo, also on include will are there can big and the it easy hearing trained to customers then to way. self general Victra store to is administered Eargo with can [indiscernible] to engage up portable follow purchase take to Victra so store an trust can with they can awareness learn virtually consumers for expert. through display hearing how Eargo charger hearing inviting and Eargo Consumers request invisible devices benefits The them see a and that consultants every close about guide and call The Eargo's mobile in contains a features includes Soon app. generates or demo about a devices and The devices, sales and use Eargo's interactive journey. directly. also screen, up handle.
product. technology through to for post care as Eargo team Following leader receive own as and purchase to to connecting in way. same consumer thrilled from life this a expand in purchase, the partnership with support they outstanding access Victra be our We're to customers client trustworthy long the able
expected people to performance, better. While together infancy, believe the hear is can its we comment more too help in partnership is we early and on it
final with that the million improve XX help believe health FDA the for for U.S. also over rule, will releasing hearing commend in OTC loss. which adults the We the we hearing
of with seeking Eargo part at submitted notification, expanded clearance hearing commitment was the to As rule final premarket six innovation aids Eargo self fitting If and connection OTC cleared, the announced. five of designation. we Eargo's five Eargo include labeling allow six would to ruling claims in of before XXX-K OTC to FDA the fitting as also for marketing this and the self expand
Eargo process XXXX be in updating regulatory advance our meet of to the requirements labeling currently new Lastly, OTC deadline devices expect requirements of the OTC the April able applicable currently for labeling XX, including on all we're comply devices. in to with and to marketed
of building been September, has additional health claims out and infrastructure lifecycle Beginning focus and the we and our for Eargo objective a risk Turning as support to the Internally, and to payment an with testing resolving management insurance coverage with and processes limited our dialogue the establishing management compliance method including our to independent specifically third supporting non-FEHB establishing our required Eargo hearing has update forward assumption aids, by and investigation across of party FEHB coverage resumed for processing an market. support of devices. certain potential in coverage reentry go Eargo revenue documentation program. last the on both FEHB insurance circumstances employees care on accessing when been enhancing provider accepting FEHB with on processes individual of insurance insurance licensed payers has situations and documentation. direct under Since insurance aligning on in in quarter, focus customer undergone the carriers DOJ of the government into
submit this claim to can evaluations receive accept reimbursement. seeking insurance or before of as in all required process part we updated are customers insurance person order an an a to method hearing use for As payment
the on also the of early the we claims have the appeals the process. and We submitted still reimbursement since majority orders quarter. responses payers instituting have for have this claims portion And we our for submitted the from began process. and submitting been currently denied we a process small, The are very of are reimbursement pending of is insurance these in claims volume currently during submissions are and in
policies newly third our for understanding and the note reflect established written. coverage In and OTC thirds new OTC to hearing benefits in is early insurance approximately addition, I process, category hearing covered currently emphasize their recent carrier that aids plans aids to Final post carriers OTC that These intend reimbursement to it any have of for devices want following does as on cover the need nationwide update regulatory volume certain significant that orders not two OTC in clarity until not before coverage that it the would FEHB could party insurance of rule. is for currently categories do is important we better we we see coverage under not it to access and insurance is the process, OTC all requirements administers FEHB final expect OTC to individual this to insurance the Rule. plan
by XX.X% evidence our cash XX.X% stability approximately cash pleased on focusing a more improve continued the over paid strategic X.X% shipments recently, media reflecting over net We're also paid quarter. We Most the shipped. our optimizing sequential quarter paid third our business three growth sequential of with our as initiatives. revenue commitment business growth of further of cash in quarter in and in the we gross our reflects to progress approximately sequentially, percentage third our to points conversion into Overall, third spend. efficient
with our call. against update on next traction these We to our and forward look incremental are pleased providing further objectives, a
summary process, and over financial it results. third to more a our for now our me of next Let steps detailed Adam turn financing in quarter the
