Hyperfine (NASDAQ:HYPR) Issues Quarterly Earnings Results, Hits Estimates

Hyperfine (NASDAQ:HYPR) issued its quarterly earnings data on Tuesday. The company reported ($0.14) earnings per share for the quarter, hitting the consensus estimate of ($0.14), Zacks reports. The company had revenue of $3.64 million for 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 previous year, the firm posted ($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 midday trading on Friday, hitting $0.83. 94,256 shares of the company traded hands, compared to its average volume of 100,034. The firm has a market capitalization of $60.28 million, a P/E ratio of -1.48 and a beta of 0.85. Hyperfine has a 12-month low of $0.76 and a 12-month high of $1.42. The firm’s fifty day moving average is $0.99 and its 200-day moving average is $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.