HHyperfine creates medical imaging tools for hospitals, focusing on the Swoop system, the first FDA-cleared portable ultra-low field MRI that can image a patient’s brain at the bedside. How it works: a compact, portable MRI device is brought to the patient in settings like intensive care units, performing brain scans without moving the patient to a radiology suite. The open, safe design allows family members to stay nearby during imaging. Differentiation: it is already FDA-cleared and designed for point-of-care use, enabling bedside decision-making, faster treatment decisions, quicker discharges, and more efficient use of hospital staff and resources at a lower cost compared to traditional MRI workflows. Revenue model: Hyperfine sells the Swoop system and related services to hospitals, clinics, and other healthcare facilities. Goal: improve patient care by bringing diagnostic imaging directly to patients, increasing access to timely brain imaging and streamlining clinical workflows.
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Company Size
51-200
Company Stage
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Headquarters
Guilford, CT
Founded
2014
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Hyperfine reported record third-quarter revenue of $6 million, up 73% from a year earlier, as sales of its portable brain MRI system grew in the US and abroad. The company sold 14 Swoop systems, up from eight, and gross margin rose to 56.7% from 53.8%. Operating loss narrowed to $7.3 million, down 19% year over year. Net cash burn fell 29% from the second quarter to $5.6 million, and cash stood at $37.9 million, which the company expects will last into 2028. Hyperfine reaffirmed its 2026 revenue forecast of $20 million to $22 million and narrowed its gross margin outlook to 52.5% to 55%. It expects to submit a 510(k) application for contrast imaging to the Food and Drug Administration by the end of 2026.
Hyperfine (NASDAQ:HYPR) announces quarterly earnings results. Hyperfine (NASDAQ:HYPR - Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02, FiscalAI reports. Hyperfine had a negative net margin of 210.75% and a negative return on equity of 97.88%. The firm had revenue of $5.96 million during the quarter, compared to the consensus estimate of $5.84 million. Here are the key takeaways from Hyperfine's conference call: * Hyperfine reported a record $6.0 million in Q3 revenue, up 73% year over year, with contributions from U.S. hospitals, U.S. offices, and international markets. Gross margin reached a record 56.7%, and revenue grew much faster than operating expenses. * Operating leverage improved: operating loss narrowed to $7.3 million, while net cash burn fell 29% sequentially to a quarterly low of $5.6 million - below quarterly revenue for the first time. The company ended September with $37.9 million in cash and expects runway into 2028, assuming no additional financing or future debt draws. * Management reaffirmed 2026 revenue guidance of $20 million-$22 million and net cash burn guidance of $26 million-$28 million, while raising the low end of its gross-margin range to 52.5% from 50%. The revenue outlook was not raised despite the strong quarter; management cited the lumpy nature of capital-equipment sales and a one-time system upgrade that boosted Q4 2025 revenue. * The company completed enrollment in its Contrast PMR study and remains on track to submit a 510(k) application by year-end 2026; management said clearance could come around Q2 to mid-2027. It expects contrast imaging to broaden use in hospitals and offices, including access to a dedicated reimbursement code in outpatient settings. * Hyperfine is exploring a brain-health and wellness offering using its existing scanner, with potential software and cloud development rather than major hardware changes. Management characterized this as an emerging opportunity, but does not expect meaningful revenue from it before 2028 or later. Hyperfine stock down 1.3%. HYPR stock traded down $0.01 during midday trading on Monday, reaching $0.71. 417,647 shares of the company's stock traded hands, compared to its average volume of 731,356. The company has a quick ratio of 5.45, a current ratio of 6.15 and a debt-to-equity ratio of 0.36. The firm's fifty day moving average price is $0.80 and its 200-day moving average price is $1.11. Hyperfine has a 52 week low of $0.67 and a 52 week high of $1.94. The company has a market cap of $75.29 million, a price-to-earnings ratio of -1.87 and a beta of 1.49. Analyst ratings changes. HYPR has been the topic of a number of research analyst reports. Loop Capital set a $2.00 price objective on shares of Hyperfine in a research report on Tuesday, October 27th. BTIG Research reaffirmed a "buy" rating and issued a $2.00 target price on shares of Hyperfine in a research report on Tuesday, September 22nd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hyperfine in a research note on Thursday, October 15th. Wall Street Zen lowered Hyperfine from a "hold" rating to a "sell" rating in a report on Sunday. Finally, Lucid Cap Mkts assumed coverage on Hyperfine in a report on Tuesday, October 27th. They issued a "strong-buy" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Hyperfine currently has a consensus rating of "Moderate Buy" and a consensus target price of $2.02. About Hyperfine. Hyperfine, Inc (NASDAQ: HYPR) is a medical technology company focused on making magnetic resonance imaging more accessible and convenient. The company develops portable, low-field MRI technology designed to bring brain imaging directly to patients in locations such as intensive care units, emergency departments, operating rooms and other point-of-care settings. Hyperfine's primary product is the Swoop Portable MR Imaging System, a compact MRI platform that can be moved to a patient's bedside. Receive News & Ratings for Hyperfine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyperfine and related companies with MarketBeat.com's FREE daily email newsletter.
Hyperfine (Nasdaq: HYPR) has received CE mark and UKCA approval in Europe for the latest Optive AI software for its Swoop portable MRI system. The update improves image quality through better noise correction, adds a guided scanning workflow, and includes a new isotropic T1 sequence that gives thinner slices and uniform high resolution. The approval supports the rollout of the Swoop system Model 2, launched in Europe in mid-2026. Within months, Hyperfine has made sales in four international markets, with flagship institutions in the UK, France, and Romania already using it. The company is also backing "Notes and Neurons: Music for Brain Health," a German series of six symphonic performances. Select musicians will be scanned on stage with the Swoop system to raise awareness of the link between music and brain health, particularly dementia prevention.
Hyperfine reported preliminary third-quarter revenue of $6.0 million, marking the first time its revenue exceeded net cash burn, which fell to $5.6 million. The medical imaging company also secured a $40 million senior secured term loan facility, with $15 million available at closing and an additional $25 million contingent on meeting commercial milestones through December 2027. Revenue rose 53% sequentially from the second quarter and 66% year-on-year for the nine months ended September 30, 2026, reaching $13.8 million. Net cash burn for the nine-month period decreased 8% to $22.2 million. The company reaffirmed full-year 2026 revenue guidance of $20 million to $22 million. Complete third-quarter results are expected on 9 November 2026.
Hyperfine, Inc. to participate in Lake Street Capital Markets 10th Annual Best Ideas Growth Conference. MWN-AI** Summary. Hyperfine, Inc. (Nasdaq: HYPR), an innovative health technology company, will be participating in the Lake Street Capital Markets 10th Annual Best Ideas Growth Conference on September 10th. The company is renowned for developing the Swoop(R) system, the first FDA-cleared AI-powered portable MRI system designed specifically for brain imaging. This groundbreaking technology aims to revolutionize patient care by making MRI imaging more accessible and feasible in various clinical settings. The Swoop(R) Portable MRI system is a notable advancement, utilizing ultra-low-field magnetic resonance imaging to produce detailed images of the brain's internal structure, offering crucial information for diagnosing patients across all age groups. This portable MRI solution is particularly advantageous for situations where traditional imaging may be impractical, thus expanding the scope of diagnostic capabilities directly at the point of care. Founded by Dr. Jonathan Rothberg within the entrepreneurial incubator 4Catalyzer, Hyperfine emphasizes its mission to enhance global patient care through transformative, accessible diagnostic imaging. The vision behind the Swoop(R) system exemplifies a commitment to improving healthcare outcomes by integrating advanced technology with everyday medical practices. During the upcoming conference, Hyperfine management will hold in-person meetings to engage with investors. Interested parties are encouraged to coordinate with their Lake Street representatives to schedule discussions. The comprehensive goal of Hyperfine is to redefine the methodology of brain imaging and enhance the utility of diagnostic imaging for clinicians. For more information, stakeholders can visit Hyperfine's official website, HyperfineMRI.com, to learn more about its products and mission. MWN-AI** Analysis. Hyperfine, Inc. (Nasdaq: HYPR) will be participating in the Lake Street Capital Markets 10th Annual Best Ideas Growth Conference on September 10th, an excellent opportunity for investors to gain insights into the company's innovative capabilities, particularly its Swoop(R) portable MRI system. As an emerging leader in diagnostic imaging, Hyperfine has gained FDA clearance for its ultra-low-field MRI technology, which positions the company well in a rapidly evolving healthcare landscape. The Swoop(R) system's portability and accessibility can potentially revolutionize brain imaging by making it feasible in various clinical contexts, from emergency rooms to remote locations. This unique approach addresses gaps in traditional imaging, increasing patient throughput and providing critical diagnostic capability when time is of the essence. Notably, Hyperfine's commitment to affordable and clinically relevant technology aligns with current healthcare trends focused on cost containment and improved patient outcomes. For investors, the participation at the conference signifies confidence in the company's growth trajectory and the expansion of its market presence. As the healthcare industry increasingly emphasizes point-of-care solutions and personalized medicine, Hyperfine's innovative offerings may gain traction, attracting interest from hospitals and clinics looking to enhance their diagnostic capabilities. Nevertheless, potential investors should remain cautious. The healthcare technology sector is highly competitive, with significant barriers to entry. Continuous R&D investment is critical for maintaining a technological advantage, as well as navigating regulatory landscapes. Additionally, as Hyperfine seeks to penetrate broader markets, execution challenges could arise. In conclusion, while Hyperfine presents a compelling investment opportunity ahead of the conference - favorably positioned within a growing niche - it is essential for stakeholders to weigh the inherent risks against the potential for substantial returns. Engaging with management during this event could provide further clarity on strategic initiatives and market positioning. **MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release. August 31, 2026 08:15:00 am Hyperfine, Inc. (Nasdaq: HYPR), the groundbreaking health technology company that has redefined brain imaging with the first FDA-cleared AI-powered portable MRI system for the brain - the Swoop(R) system - today announced plans to participate in the upcoming Lake Street Capital Markets 10th Annual Best Ideas Growth Conference on Thursday, September 10th. Management will be hosting in-person meetings. To schedule a meeting with management, please reach out to your Lake Street representative, or the investor contact below. About the Swoop(R) Portable MRI Systems The Swoop(R) Portable MR Imaging(R) Systems are U.S. Food and Drug Administration (FDA) cleared for brain imaging of patients of all ages. They are portable, ultra-low-field magnetic resonance imaging devices for producing images that display the internal structure of the head where full diagnostic examination is not clinically practical. When interpreted by a trained physician, these images provide information that can be useful in determining a diagnosis. About Hyperfine, Inc. Hyperfine, Inc. (Nasdaq: HYPR) is the groundbreaking health technology company that has redefined brain imaging with the Swoop(R) system - the first FDA-cleared, portable, ultra-low-field, magnetic resonance brain imaging system capable of providing imaging at multiple points of professional care. The mission of Hyperfine, Inc. is to revolutionize patient care globally through transformational, accessible, clinically relevant diagnostic imaging. Founded by Dr. Jonathan Rothberg in a technology-based incubator called 4Catalyzer, Hyperfine, Inc. scientists, engineers, and physicists developed the Swoop(R) system out of a passion for redefining brain imaging methodology and how clinicians can apply accessible diagnostic imaging to patient care. For more information, visit HyperfineMRI.com. Hyperfine, the Hyperfine logo, Swoop, and Portable MR Imaging are registered trademarks of Hyperfine. The Swoop logo, Optive AI logo, and Optive AI are trademarks of Hyperfine. Investor Contact Webb Campbell Gilmartin Group LLC [email protected] FAQ**. How does Hyperfine Inc. HYPR plan to utilize the feedback from the Lake Street Capital Markets conference to enhance the impact of the Swoop(R) system in clinical settings? Hyperfine Inc. plans to leverage feedback from the Lake Street Capital Markets conference to refine the Swoop(R) system's functionality and usability in clinical settings, ultimately enhancing its integration and effectiveness in patient care. What challenges does Hyperfine Inc. HYPR anticipate in expanding the adoption of its FDA-cleared portable MRI systems in various healthcare environments? Hyperfine Inc. anticipates challenges in expanding adoption of its portable MRI systems, including integration with existing workflows, navigating regulatory hurdles in diverse healthcare environments, and addressing the need for training healthcare staff on new technology. Can Hyperfine Inc. HYPR provide any recent data or case studies illustrating the effectiveness of the Swoop(R) system in patient diagnostics and treatment outcomes? As of now, there are no publicly available recent data or case studies from Hyperfine Inc. regarding the Swoop(R) system's effectiveness in patient diagnostics and treatment outcomes post-2026. What are Hyperfine Inc. HYPR's future plans for innovation or improvements in their portable MRI technology following the success of the Swoop(R) system? Hyperfine Inc. plans to enhance their portable MRI technology by focusing on increased accessibility, improved imaging capabilities, and expanding their product offerings to further integrate with healthcare systems, following the success of the Swoop(R) system. **MWN-AI FAQ is based on asking OpenAI questions about Hyperfine Inc. (NASDAQ: HYPR).
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Industries
Company Size
51-200
Company Stage
IPO
Headquarters
Guilford, CT
Founded
2014
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Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs