Hyperfine Inc reports results for the quarter ended June 30 - Earnings Summary

• Hyperfine Inc HYPR.OQ reported a quarterly adjusted loss of 12 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -14 cents. The mean expectation of three analysts for the quarter was for a loss of 12 cents per share.

• Revenue fell 25.8% to $2.70 million from a year ago; analysts expected $3.00 million.

• Hyperfine Inc's reported EPS for the quarter was a loss of 12 cents​.

• The company reported a quarterly loss of $9.23 million.

• Hyperfine Inc shares had risen by 66.8% this quarter and gained 36.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the advanced medical equipment & technology peer group is also "buy"

• Wall Street's median 12-month price target for Hyperfine Inc is $1.00, about 20% below its last closing price of $1.20

This summary was machine generated from LSEG data August 13 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)