Friday, September 13, 2024

Hyperfine beats top-line estimates; raises FY24 revenue outlook

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  • Hyperfine press release (NASDAQ:HYPR): Q2 GAAP EPS of -$0.14 in-line.
  • Revenue of $3.63M (+7.4% Y/Y) beats by $0.37M.
  • 2024 Financial Guidance

    • Management raises its revenue expectations for the full year 2024 to be $13 to $16 million vs. consensus of $12.97M from $12 to $15 million previously, reflecting year-over-year growth of 31% at the midpoint compared to 22% previously.
    • Management continues to expect its cash burn for the full year 2024 to be approximately $40 million.

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