Hyperfine, Inc. (HYPR)
Hyperfine, Inc., a health technology company, engages in the production, supply, service, and commercialization of magnetic resonance imaging (MRI) products. Its Swoop Portable MR Imaging System produces images at a lower magnetic field strength than conventional MRI scanners. The company also offers support and technical assistance services, as well as Hyperfine Image Viewer, a cloud picture archiving and communication system. It serves intensive care units, neurology offices, emergency departments, and comprehensive and primary stroke accredited facilities through direct sales and distributors in the United States, Canada, the United Kingdom, other European and Middle Eastern markets, Australia, and New Zealand. The company was founded in 2014 and is based in Guilford, Connecticut.
Sector: Electromedical & Electrotherapeutic Apparatus
Industry: Medical - Devices
Hyperfine, Inc.
NASDAQ:HYPRHealthcare · Medical - Devices
-3.50%$0.7176
AH$0.7300+1.73%vs close
Mkt Cap$76.13M
Float88.7M
O/S91.03M
Vol
$ Vol
RVOL
Inst Own24.2%
SI4.3%
Earnings
Dilution
Financials Summary
Revenue$13.56M
Net Income-$35.57M
Total Assets$55.26M
Free Cash Flow-$29.13M
Debt & Equity
Debt 1%
Equity 99%
Total Debt$314K
Total Equity$41.01M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:10Reverse splitAug 13, 200310 shares → 1
Balance Sheet Details
Assets$55.26M
Liabilities$14.26M
Accounts Receivable$6.52M
Accounts Payable$4.05M
Inventory$7.09M
PP&E (Net)$2.55M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $13.56M | $12.89M | $11.03M | $6.81M | $1.5M | $294K | $0 |
| YoY Growth | 5.2% | 16.8% | 61.9% | 355.5% | 408.8% | - | - |
| Cost of Revenue | $6.81M | $7M | $6.28M | $5.91M | $2.66M | $771K | $0 |
| Gross Profit | $6.75M | $5.89M | $4.76M | $907K | -$1.17M | -$477K | $0 |
| Gross Margin | 49.8% | 45.7% | 43.1% | 13.3% | -78.0% | -162.2% | - |
| Research and Development | $17.45M | $22.5M | $22.49M | $28.16M | $25.84M | $14.59M | $13.39M |
| Selling, General, and Administrative | $26.39M | $26.62M | $30.38M | $46.63M | $37.86M | $8.42M | $6.58M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $43.84M | $49.12M | $52.87M | $74.78M | $63.7M | $23.01M | $19.97M |
| Operating Income (EBIT) | -$37.09M | -$43.22M | -$48.12M | -$73.87M | -$64.87M | -$23.49M | -$19.97M |
| Operating Margin | -273.4% | -335.3% | -436.1% | -1084.2% | -4336.1% | -7990.1% | - |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $1.02M | $2.49M | $3.84M | $761K | $18K | $70K | $630K |
| Other Income (Expense) | $1.51M | $2.5M | $3.88M | $710K | $17K | $64K | $553K |
| Income Before Tax (EBT) | -$35.57M | -$40.72M | -$44.24M | -$73.16M | -$64.85M | -$23.43M | -$19.41M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$35.57M | -$40.72M | -$44.24M | -$73.16M | -$64.83M | -$23.36M | -$18.79M |
| Net Income Margin | -262.3% | -315.9% | -401.0% | -1073.7% | -4333.8% | -7944.6% | - |
| Supplementary Data | |||||||
| EPS | -0.43 | -0.56 | -0.62 | -1.04 | -0.92 | -0.93 | -4.06 |
| Diluted EPS | -0.43 | -0.56 | -0.62 | -1.04 | -0.92 | -0.93 | -4.06 |
| Weighted Average OS | 94.20M | 72.41M | 71.32M | 70.45M | 70.33M | 25.20M | 4.62M |
| EBITDA | -$34.48M | -$39.71M | -$43.18M | -$72.15M | -$64.13M | -$23.2M | -$19.83M |
| EBITDA Margin | -254.3% | -308.1% | -391.4% | -1058.8% | -4286.4% | -7891.8% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $35.09M | $37.65M | $75.18M | $118.24M | $188.5M | $62.68M | $26.44M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $35.09M | $37.65M | $75.18M | $118.24M | $188.5M | $62.68M | $26.44M |
| Accounts Receivable | $6.52M | $8.3M | $4.13M | $3.13M | $644K | $174K | $0 |
| Inventory | $7.09M | $5.83M | $6.58M | $4.62M | $4.31M | $1.72M | $0 |
| Other Current Assets | $2.21M | $1.93M | $3.01M | $2.67M | $2.87M | $3.54M | $683K |
| Total Current Assets | $50.91M | $53.71M | $88.91M | $128.66M | $197.49M | $68.33M | $27.96M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $2.55M | $3.12M | $3M | $3.25M | $3.75M | $1.9M | $489K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $734K | $825K | $0 | $744K | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.07M | $1.24M | $2.29M | $1.4M | $1.24M | $1.29M | $2.12M |
| Total Long-Term Assets | $4.35M | $5.19M | $5.29M | $5.39M | $4.99M | $3.19M | $2.61M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $55.26M | $58.9M | $94.2M | $134.05M | $202.47M | $71.53M | $30.57M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $4.05M | $1.61M | $1.21M | $678K | $2.25M | $948K | $1.19M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $2.5M | $1.49M | $2.07M | $1.38M | $730K | $0 | $0 |
| Other Current Liabilities | $1.7M | $473K | $2.91M | $2.2M | $700K | $1.79M | $107K |
| Total Current Liabilities | $11.73M | $8.73M | $8.77M | $8.8M | $15.74M | $4.12M | $1.79M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $178K | $0 |
| Long-Term Unearned Revenue | $729K | $1.05M | $968K | $1.53M | $510K | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.73M | $78K | $64K | $0 | $0 | $1 | $0 |
| Total Long-Term Liabilities | $2.52M | $1.13M | $1.03M | $1.53M | $510K | $178K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $14.26M | $9.86M | $9.8M | $10.33M | $16.25M | $4.29M | $1.79M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $128.29M | $68.65M |
| Common Stock | $10K | $7K | $7K | $7K | $7K | $0 | $0 |
| Retained Earnings | -$330.02M | -$294.44M | -$253.72M | -$209.48M | -$136.32M | -$71.47M | -$48.04M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $371.01M | $343.48M | $338.11M | $333.2M | $322.54M | $138.7M | $76.82M |
| Total Equity | $41.01M | $49.04M | $84.4M | $123.72M | $186.23M | $67.23M | $28.78M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $55.26M | $58.9M | $94.2M | $134.05M | $202.47M | $71.53M | $30.57M |
| Supplementary Data | |||||||
| Total Debt | $314K | $269K | $185K | $0 | $0 | $178K | $0 |
| Net Debt | -$34.77M | -$37.38M | -$75M | -$118.24M | -$188.5M | -$62.5M | -$26.44M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$35.57M | -$40.72M | -$44.24M | -$73.16M | -$64.85M | -$23.43M | -$19.41M |
| Depreciation & Amortization | $1.09M | $1.01M | $1.05M | $1.01M | $726K | $289K | $141K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $2.8M | $4.36M | $4.74M | $10.65M | $6.9M | $1.12M | $896K |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $1.78M | -$2.77M | -$1.57M | -$1.55M | $981K | -$956K | $309K |
| Inventory | -$1.48M | $562K | -$2.21M | -$312K | -$2.67M | -$1.93M | -$651K |
| Accounts Payable | $2.43M | $382K | $533K | -$1.57M | $1.44M | -$377K | $467K |
| Other Working Capital | $1.68M | -$1.8M | -$365K | -$7.5M | $9.22M | $3.59M | -$123K |
| Total Working Capital Change | $4.41M | -$3.62M | -$3.62M | -$10.93M | $8.97M | $327K | $2K |
| Other Non-Cash Items | -$677K | $204K | $249K | $91K | $1.07M | $169K | $4K |
| Net Cash from Operating | -$27.95M | -$38.77M | -$41.81M | -$72.34M | -$47.18M | -$21.52M | -$18.37M |
| Investing Activities | |||||||
| Capital Expenditures | -$1.19M | -$383K | -$804K | -$585K | -$2.71M | -$1.57M | -$244K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$1.19M | -$383K | -$804K | -$585K | -$2.71M | -$1.57M | -$244K |
| Financing Activities | |||||||
| Debt Repaid | - | - | - | - | $178K | -$178K | $1M |
| Common Stock Issuance | $27.5M | $848K | $174K | $7K | $1.5M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $171K | $0 | $0 | $144.98M | $991K | $5.74M |
| Net Cash from Financing | $27.5M | $1.02M | $174K | $7K | $176.77M | $60.94M | $4.74M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$1.63M | -$38.13M | -$42.44M | -$72.92M | $126.87M | $37.84M | -$13.88M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$27.95M | -$38.77M | -$41.81M | -$72.34M | -$47.18M | -$21.52M | -$18.37M |
| Capital Expenditure | -$1.19M | -$383K | -$804K | -$585K | -$2.71M | -$1.57M | -$244K |
| Free Cash Flow | -$29.13M | -$39.15M | -$42.61M | -$72.92M | -$49.89M | -$23.09M | -$18.62M |
| Cash at Beginning | $37.67M | $75.8M | $118.24M | $191.16M | $64.29M | $26.44M | $40.32M |
| Cash at End | $36.04M | $37.67M | $75.8M | $118.24M | $191.16M | $64.29M | $26.44M |