Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Hyperfine, Inc. reported the full year 2022 results: revenue $6.814 million, net income $73.164 million, EPS $1.04 per share.
- Period
- the full year 2022
- Revenue
- $6.814 million
- Net income
- $73.164 million
- EPS
- $1.04 per share
- Result
- reported results
Exact text from the filing
Full Year 2022 Financial Results • Revenues for the full year 2022 were $6.814 million, compared to $1.496 million in 2021. • Gross margin for the full year 2022 was $0.907 million, compared to $(1.167) million in 2021. • Research and development expenses for the full year 2022 were $28.156 million, compared to $25.842 million in 2021. • Sales, general, and administrative expenses for full year 2022 were $46.625 million, compared to $37.859 million in 2021. • Net loss for the full year was $73.164 million, equating to a net loss of $1.04 per share, as compared to a net loss of $64.851 million, or a net loss of $17.57 per share, for the prior year.
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Hyperfine, Inc. reported the full year 2023 results: revenue $10 to $14 million. Guidance initiated.
- Period
- the full year 2023
- Revenue
- $10 to $14 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
2023 Financial Guidance • Management expects revenue for the full year 2023 to be $10 to $14 million. • Management expects cash burn for the full year to be $40 to $45 million.
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Hyperfine, Inc. reported the fourth quarter of 2022 results: revenue $1.424 million, net income $13.059 million, EPS $0.19 per share.
- Period
- the fourth quarter of 2022
- Revenue
- $1.424 million
- Net income
- $13.059 million
- EPS
- $0.19 per share
- Result
- reported results
Exact text from the filing
Fourth Quarter 2022 Financial Results • Revenues for the fourth quarter of 2022 were $1.424 million, compared to $0.436 million in the fourth quarter of 2021. • Gross margin for the fourth quarter of 2022 was $0.300 million, compared to $(0.453) million in the fourth quarter of 2021. • Research and development expenses for the fourth quarter of 2022 were $5.219 million, compared to $8.893 million in the fourth quarter of 2021. • Sales, general, and administrative expenses for the fourth quarter of 2022 were $8.710 million, compared to $16.741 million in the fourth quarter of 2021. • Net loss for the fourth quarter was $13.059 million, equating to a net loss of $0.19 per share, as compared to a net loss of $26.085 million, or a net loss of $2.73 per share, for the same period of the prior year.
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