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

Hyperfine (NASDAQ:HYPR) issued its quarterly earnings data on Tuesday. The company reported ($0.14) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.14), Zacks reports. Hyperfine had a negative net margin of 309.42% and a negative return on equity of 57.54%. The company had revenue of $3.64 million during the quarter, compared to the consensus estimate of $3.40 million. During the same quarter last 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, reaching $0.83. The company’s stock had a trading volume of 85,672 shares, compared to its average volume of 99,996. The stock has a market cap of $60.27 million, a PE ratio of -1.48 and a beta of 0.85. Hyperfine has a 52 week low of $0.76 and a 52 week high of $1.42. The business has a 50-day simple moving average of $0.99 and a 200 day simple moving average of $0.98.

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.