HYPR Earnings Prediction
The chart below shows how HYPR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HYPR sees a +10.74% change in stock price 10 days leading up to the earnings, and a -5.02% change 10 days following the report. On the earnings day itself, the stock moves by +2.65%. This data can give you a slight idea of what to expect for the next quarter's release.
HYPR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.64M
56.35%
0.33%
Gross Margin
52.37%
8.56%
5.46%
Operating Margin
-300.93%
-40.37%
0.74%
Net Margin
-283.45%
-38.60%
1.34%
EPS
-0.14
-6.67%
-0.00%
No Data Available
HYPR Earnings Analysis
Hyperfine, Inc. Class A Common Stock Corporation (HYPR.O) Earnings Conference Call
Positive
Quarterly Revenue Increase: Revenue for the quarter ended September 30, 2024 was $3.6 million, up 56% compared to the third quarter of 2023.
Revenue Increase Year-to-Date: Year-to-date, we've generated $10.6 million in revenue, up 27% from the first nine months of 2023.
Record Gross Margin Achievement: Gross profit for the third quarter of 2024 was $1.9 million compared to $1.1 million in the third quarter of 2023, resulting in a record gross margin of 52%.
Gross Profit Increase: Year-to-date, we've generated $5.1 million in gross profit, up 36% from the first nine months of 2023.
Updated MRI Standards: We expect the Inter-societal Accreditation Commission, IAC, a leading CMS approved accreditation body to issue updated MRI standards that include the use of portable point-of-care ultra-low field brain MRI.
Negative
Quarterly Revenue Surge: Revenue for the quarter ended September 30, 2024 was $3.6 million, up 56% compared to the third quarter of 2023, indicating a significant increase but still reflecting challenges in cash flow management.
Quarterly Net Loss Analysis: Net loss for the third quarter was $10.3 million, equating to a net loss of $0.14 per share compared to a net loss of $10.8 million or a net loss of $0.15 per share for the same period of the prior year, showing ongoing financial strain.
R&D Expense Increase: R&D expenses for the third quarter of 2024 were $5.9 million compared to $5.7 million in the third quarter of 2023, indicating rising costs in research and development without corresponding revenue growth.
Cost Management Efficiency: Sales, general and administrative expenses for the third quarter of 2024 were $7 million compared to $7.1 million in the third quarter of 2023, reflecting tight cost management but still high relative to revenue.
Cash Flow Concerns: Cash burn for the third quarter of 2024 was $8.9 million, and as of September 30, 2024, we have $45.8 million in cash and cash equivalents on our balance sheet, indicating a concerning cash flow situation.
HYPR FAQs
How does HYPR typically perform around its earnings report dates?
Is Hyperfine, Inc. (HYPR) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
HYPR Earning Call Sentiment
Hyperfine, Inc. (HYPR) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
HYPR.O
1.71%Positive
The earnings call presents mixed signals. Positive aspects include a 56% YoY revenue increase, improved gross margins, and reduced cash burn. However, concerns arise from narrowed revenue guidance, competitive pressures, regulatory risks, and unclear Q&A responses, particularly around funding mechanisms. Despite some positive financial metrics, uncertainties in market adoption and economic factors temper enthusiasm, resulting in a neutral outlook for stock price movement.
