Hyperfine (NASDAQ:HYPR) Announces Earnings Results

Hyperfine (NASDAQ:HYPR) announced its quarterly earnings results on Tuesday. The company reported ($0.14) EPS for the quarter, meeting analysts’ consensus estimates of ($0.14), Zacks reports. The company had revenue of $3.64 million during the quarter, compared to analysts’ expectations 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 prior year, the business posted ($0.15) EPS. Hyperfine updated its FY 2024 guidance to EPS.

Hyperfine Price Performance

Shares of Hyperfine stock traded down $0.05 during trading hours on Friday, hitting $0.84. The company’s stock had a trading volume of 38,282 shares, compared to its average volume of 99,782. Hyperfine has a 12 month low of $0.76 and a 12 month high of $1.42. The stock has a 50 day moving average of $0.99 and a 200 day moving average of $0.98. The company has a market capitalization of $61.07 million, a PE ratio of -1.56 and a beta of 0.85.

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.