Innerscope Hearing Technologies Inc (OTCMKTS:INND) Rockets Up The Charts

Innerscope Hearing Technologies Inc (OTCMKTS:INND) is the talk of the OTC Markets after shares jumped 153% in just one day. Many traders are asking if there's more room for the stock to run and based on the charts there is. The stock was as high as $.159 last August and we believe a move above $.05 on volume can really get the shorts scrambling to cover. As we take a deeper look, there's a lot to like with Innerscope Hearing Technologies. INND Daily ChartBackgroundFirst up, a little background info for those that are not familiar with Innerscope Hearing Technologies Inc. InnerScope Hearing Technologies (OTCQB: INND) is a rapidly expanding consolidator of the hearing aid industry. Management is applying decades of profitable industry experience and technology to an antiquated and disjointed industry, unlocking scale and efficiency, which will serve all of InnerScope's stakeholders. Its direct-to-consumer model is revolutionizing the industry with its Walmart.com relationship representing a paramount shift in the consumption of hearing aids by the hearing impaired.

In addition, InnerScope plans to continue to open, acquire, and operate a physical chain of audiological and retail hearing device clinics. InnerScope's mission is to serve approximately 48+ Million in the United States and 1.2 billion people around the globe that are suffering with 25 dB or greater hearing loss across the entire hearing impaired vertical from R&D and manufacturing through direct consumer sales and services.

Record Sales Growth

Last quarter, INND recorded a 281% jump in sales. CEO Matthew Moore said:

"Today's announcement of our record-setting sales growth is in part from InnerScope's vendor relationship with Walmart.com and the development of multiple Direct-to-Consumer hearing aid sales channels, including the launching several eCommerce DTC websites, as well as opening several corporate-owned audiological hearing aid retail clinics. Our national footprint has grown in the last quarter, in part by securing our manufacturing agreement with Zounds Hearing Inc. which played a major role for our record-setting sales by offering high quality patented hearing aids at 50% to 70% less than any of our competitors."

This impressive growth in Q4 comes after an equally impressive Q3. For the quarter ended September 30, 2018, Innerscope reported a 175% increase in net income compared to the third quarter of 2017. Furthermore, its primary initiative of direct to consumer online sales showed a 495% increase, quarter-over-quarter for the quarter ended September 30, 2018.

Innerscope Hearing Technologies Outlook

CEO Matthew Moore is one that is not short on ambition. He has very big plans for Innerscope Hearing Technologies.

"Our objective is to open Brick & Mortar Retail Clinics all over the United States and in select International Markets. This will allow a Hearing-Impaired Customer to purchase an InnerScope Hearing Product from our many online sources, such as, our multiple eCommerce Stores or through MANY Authorized Retailers like Walmart, or at an InnerScope Brick & Mortar Retail Clinic Locations. With InnerScope's presence and exposure either online and/or in major media markets with Retail Clinics, all InnerScope customers will have the opportunity to receive complementary adjustments, follow-ups, and/or re-purchasing at any of the InnerScope Retail Clinics Nationwide or from InnerScope's uniquely designed Tele-Audiology System. InnerScope along with its strategic partnerships has the scalability, the management, the expertise, the strategy, and the patented hearing technology to deploy on a national rollout scale of Retail Clinics virtually in every major media markets to expand to over 1,000 locations. These 1,000+ Retail Clinic locations owned and operated by InnerScope, could service and satisfy millions of Hearing-Impaired customers."

Bottom Line

Currently trading with a market cap of just $5.4 million, INND is one of the most exciting names trading on the OTC Markets. The stock has microcap runner written all over it and shown traders what INND is capable of doing. We expect the stock to continue climbing higher, especially after what CEO Matthew Moore said on the earnings release.

"Looking ahead to 2019, InnerScope plans on reporting record sales numbers throughout the year, beginning with the first quarter of 2019. Given the scalable DTC infrastructure we put into place in 2018, InnerScope is setup to continue to innovate and deploy more Hearing Products through multiple DTC channels, including major Big Box Retailers to disrupt the current reported $9 billion-dollar hearing aid industry."

Look for another blowout quarter and record numbers when the company reports for Q1.

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Disclosure: We have no position in INND and have not been compensated for this article.

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