Hyperfine (NASDAQ:HYPR) Announces Quarterly Earnings Results

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

Hyperfine Stock Performance

Shares of Hyperfine stock traded down $0.06 on Friday, hitting $0.83. 94,256 shares of the company’s stock were exchanged, compared to its average volume of 100,034. Hyperfine has a 1 year low of $0.76 and a 1 year high of $1.42. The company has a 50-day simple moving average of $0.99 and a 200-day simple moving average of $0.98. The stock has a market capitalization of $60.28 million, a PE ratio of -1.48 and a beta of 0.85.

About Hyperfine

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.