---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-021283"
form_type: "8-K"
ticker: "HYPR"
cik: "0001833769"
company_name: "Hyperfine, Inc."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:46:08.279607+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-021283
- form_type: 8-K
- ticker: HYPR
- cik: 0001833769
- company_name: Hyperfine, Inc.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833769/000095017023021283/0000950170-23-021283-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833769/000095017023021283/hypr-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-021283
- JSON: https://secwatch.observer/filing/0000950170-23-021283.json
- Plain text: https://secwatch.observer/filing/0000950170-23-021283.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1833769/000095017023021283/0000950170-23-021283-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.