Hyperfine (NASDAQ:HYPR) Releases Quarterly Earnings Results, Meets Expectations

Hyperfine (NASDAQ:HYPR) released its earnings results on Tuesday. The company reported ($0.14) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.14), Zacks reports. The firm had revenue of $3.64 million for the quarter, compared to analyst estimates of $3.40 million. Hyperfine had a negative return on equity of 57.54% and a negative net margin of 309.42%. During the same period in the previous year, the company earned ($0.15) earnings per share. Hyperfine updated its FY 2024 guidance to EPS.

Hyperfine Trading Down 6.6 %

NASDAQ:HYPR traded down $0.06 during trading hours on Friday, hitting $0.83. 85,672 shares of the stock traded hands, compared to its average volume of 99,996. The firm has a 50 day moving average price of $0.99 and a 200 day moving average price of $0.98. The firm has a market cap of $60.27 million, a price-to-earnings ratio of -1.48 and a beta of 0.85. Hyperfine has a fifty-two week low of $0.76 and a fifty-two week high of $1.42.

Hyperfine Company Profile

Hyperfine, Inc, a medical device company, provides magnetic resonance imaging (MRI) products in the United States. The company offers Swoop Portable MR imaging system, which offers portable brain neuroimaging; and support and technical assistance services. It serves ICU, comprehensive, and primary stroke accredited facilities through direct sales and distributors.