Hyperfine (NASDAQ:HYPR) Announces Quarterly Earnings Results, Meets Estimates

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

Hyperfine Trading Down 1.0 %

NASDAQ:HYPR traded down $0.01 on Friday, hitting $0.88. 44,986 shares of the stock were exchanged, compared to its average volume of 99,809. The stock has a market cap of $63.91 million, a PE 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. The stock has a fifty day moving average of $0.99 and a 200-day moving average of $0.98.

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.