Financial Snapshot

Revenue
$13.26M
TTM
Gross Margin
45.41%
TTM
Net Earnings
-$41.01M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
643.58%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$58.32M
Q3 2024
Cash
Q3 2024
P/E
-1.725
Nov 29, 2024 EST
Free Cash Flow
-$40.98M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $11.03M $6.814M $1.496M $294.0K
YoY Change 61.9% 355.48% 408.84%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $11.03M $6.814M $1.496M $294.0K
Cost Of Revenue $6.275M $5.907M $2.663M $771.0K
Gross Profit $4.757M $907.0K -$1.167M -$477.0K
Gross Profit Margin 43.12% 13.31% -78.01% -162.24%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $30.38M $46.63M $37.86M $8.421M
YoY Change -34.84% 23.15% 349.58%
% of Gross Profit 638.62% 5140.57%
Research & Development $22.49M $28.16M $25.84M $14.59M
YoY Change -20.11% 8.95% 77.08%
% of Gross Profit 472.84% 3104.3%
Depreciation & Amortization $1.054M $1.015M $726.0K $289.0K
YoY Change 3.84% 39.81% 151.21%
% of Gross Profit 22.16% 111.91%
Operating Expenses $52.87M $74.78M $63.70M $23.01M
YoY Change -29.3% 17.39% 176.79%
Operating Profit -$48.12M -$73.87M -$64.87M -$23.49M
YoY Change -34.87% 13.88% 176.14%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense $3.842M $761.0K $18.00K $70.00K
YoY Change 404.86% 4127.78% -74.29%
% of Operating Profit
Other Income/Expense, Net $35.00K -$51.00K -$1.000K -$6.000K
YoY Change -168.63% 5000.0% -83.33%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income -$44.24M -$73.16M -$64.85M -$23.43M
YoY Change -39.54% 12.82% 176.82%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$44.24M -$73.16M -$64.85M -$23.43M
YoY Change -39.54% 12.82% 176.82%
Net Earnings / Revenue -401.0% -1073.73% -4334.96% -7968.37%
Basic Earnings Per Share -$0.62 -$1.04 -$17.57
Diluted Earnings Per Share -$0.62 -$1.04 -$17.57 -$0.33

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $75.18M $117.5M $188.5M $62.68M
YoY Change -36.0% -37.68% 200.75%
Cash & Equivalents $75.18M $117.5M $188.5M $62.68M
Short-Term Investments
Other Short-Term Assets $3.012M $3.965M $4.019M $2.301M
YoY Change -24.04% -1.34% 74.66%
Inventory $6.582M $4.622M $4.310M $1.718M
Prepaid Expenses
Receivables $3.189M $2.103M $553.0K $174.0K
Other Receivables $942.0K $502.0K $105.0K $1.465M
Total Short-Term Assets $88.91M $128.7M $197.5M $68.33M
YoY Change -30.9% -34.85% 189.0%
Property, Plant & Equipment $3.238M $3.248M $3.753M $1.904M
YoY Change -0.31% -13.46% 97.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.053M $2.139M $1.235M $1.288M
YoY Change -4.02% 73.2% -4.11%
Total Long-Term Assets $5.291M $5.387M $4.988M $3.192M
YoY Change -1.78% 8.0% 56.27%
Total Assets $94.20M $134.1M $202.5M $71.53M
YoY Change
Accounts Payable $1.214M $678.0K $2.248M $948.0K
YoY Change 79.06% -69.84% 137.13%
Accrued Expenses $5.419M $5.976M $8.115M $1.264M
YoY Change -9.32% -26.36% 542.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.768M $8.803M $15.74M $4.116M
YoY Change -0.4% -44.06% 282.31%
Long-Term Debt $0.00 $0.00 $0.00 $178.0K
YoY Change -100.0%
Other Long-Term Liabilities $1.032M $1.526M $510.0K $0.00
YoY Change -32.37% 199.22%
Total Long-Term Liabilities $1.032M $1.526M $510.0K $178.0K
YoY Change -32.37% 199.22% 186.52%
Total Liabilities $9.800M $10.33M $16.25M $4.294M
YoY Change -5.12% -36.42% 278.34%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 71.32M 70.45M 3.691M
Diluted Shares Outstanding 71.32M 70.45M 3.691M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $70.768 Million

About Hyperfine, Inc.

Hyperfine, Inc. is a medical device development company, which engages in providing imaging and monitoring through magnetic resonance imaging to revolutionize healthcare for people. The company is headquartered in Guilford, Connecticut and currently employs 131 full-time employees. The company went IPO on 2021-01-27. The firm provides a Swoop Portable Magnetic Resonance Imaging System (Swoop system), which is a portable magnetic resonance imaging (MRI) system capable of providing neuroimaging at the point of care. Its Swoop system produces images at a lower magnetic field strength than conventional MRI scanners. The Swoop system is a portable, ultra-low-field (ULF) MRI device for producing images that display the internal structures of the head where full diagnostic examination is not clinically practical. MRI is used in various clinical settings for medical diagnosis, the staging of disease, and follow-up treatment. The company has designed Swoop system to address an unmet need in point-of-care medical imaging through a combination of hardware and artificial intelligence (AI)-powered software services. The Company’s system operates from a Wi-Fi-capable tablet and integrates with picture archiving and communication systems (PACS).

Industry: Electromedical & Electrotherapeutic Apparatus Peers: ABBOTT LABORATORIES Beyond Air, Inc. Apyx Medical Corp ASENSUS SURGICAL, INC. Vicarious Surgical Inc. KEWAUNEE SCIENTIFIC CORP /DE/ PRO DEX INC