Hyperfine reports Q4 2023 revenue up 89% YoY to $2.69M; FY2023 net loss narrows to $44.2M

Hyperfine, Inc.

Full year 2023 revenue $11.03M (+62% YoY); Q4 revenue $2.69M (+89% YoY).
Sold 37 commercial Swoop systems in 2023 (7 in Q4).
Net loss narrowed to $44.24M ($0.62/share) from $73.16M ($1.04/share) in 2022.
Cash burn reduced from $71M in 2022 to $42M in 2023; cash $75.18M at year-end, runway into early 2026.
FY2024 revenue guidance $12-15M; Q1 2024 expected over $3M.

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 the fourth quarter ended December 31, 2023 results: revenue $2.69 million, net income net loss of $10.68 million, equating to a net loss of $0.15 per share.

Period: the fourth quarter ended December 31, 2023
Revenue: $2.69 million
Net income: net loss of $10.68 million, equating to a net loss of $0.15 per share
Result: reported results

Exact text from the filing

• Revenues for the fourth quarter of 2023 were $2.69 million, up 89%, compared to $1.42 million in the fourth quarter of 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Hyperfine, Inc. reported the fiscal year ended December 31, 2023 results: revenue $11.03 million, net income Net loss for the full year 2023 was $44.24 million, equating to a net loss of $0.62 per share. Guidance initiated.

Period: the fiscal year ended December 31, 2023
Revenue: $11.03 million
Net income: Net loss for the full year 2023 was $44.24 million, equating to a net loss of $0.62 per share
Guidance: initiated
Result: reported results

Exact text from the filing

• Revenues for the full year 2023 were $11.03 million, up 62%, compared to $6.81 million in 2022.

View on SEC.gov

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Hyperfine, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-034697

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