Hyperfine Q2 revenue record $3.63M, raises FY 2024 guidance to $13-16M

Hyperfine, Inc.

2024-Q2 EPS reported -$0.28 revenue$6,926,000

Record Q2 revenue $3.63M (+7.4% YoY); 13 commercial Swoop systems sold.
Gross margin improved to 49.6% vs 42.7% YoY; net loss $0.14 per share.
Raised FY 2024 revenue guidance to $13-16M (prior $12-15M), ~31% YoY growth midpoint.
Cash burn guidance unchanged at ~$40M for full year 2024.
FDA cleared 9th gen AI brain imaging software; initiated CARE PMR Alzheimer's study.

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