Hyperfine Q1 revenue $2.64M record; net loss narrows to $0.17/share

Hyperfine, Inc.

2023-Q1 EPS reported -$0.17 revenue$2,635,000

Revenue $2.64M, up 75% YoY from $1.51M; record quarterly revenue.
Net loss $12.16M ($0.17 per share) vs $23.78M ($0.34) in Q1 2022.
Gross margin improved to $1.16M from $0.08M; R&D and SG&A expenses declined.
Installed 10 commercial Swoop systems in Q1 2023.
FY 2023 guidance: revenue $10-14M, cash burn $40-45M; cash runway through end of 2025.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Hyperfine, Inc. reported first quarter ended March 31, 2023 results: revenue $2.64 million, net income $12.16 million, EPS $0.17 per share. Guidance initiated.

Period: first quarter ended March 31, 2023
Revenue: $2.64 million
Net income: $12.16 million
EPS: $0.17 per share
Guidance: initiated
Result: reported results

Exact text from the filing

to deliver on the vision to expand access to MRI for clinicians and their patients globally.” First Quarter 2023 Financial Results • Revenues for the first quarter of 2023 were $2.64 million, compared to $1.51 million in the first quarter of 2022. • Hyperfine, Inc. installed 10 commercial Swoop systems in the first quarter of 2023. • Gross margin for the first

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Source: SEC EDGAR

accession 0000950170-23-021283

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