Welcome to our dedicated page for HYPERFINE news (Ticker: HYPR), a resource for investors and traders seeking the latest updates and insights on HYPERFINE stock.
Hyperfine, Inc. (Nasdaq: HYPR) is a health technology and medical device company that focuses its news flow on developments around the Swoop® Portable MR Imaging® System, an FDA-cleared, portable, ultra-low-field brain MRI platform. Company press releases emphasize regulatory milestones, clinical studies, financial results, and global health initiatives tied to this AI-powered portable MRI technology.
Investors and clinicians following HYPR news can expect regular updates on clinical research and indication expansion efforts. Recent announcements include the enrollment of the first patient in the Contrast PMR study, a prospective, multi-center trial designed to evaluate contrast-enhanced ultra-low-field portable MRI to support a future FDA submission for expanded intended use of the Swoop® system with gadolinium-based contrast agents. Other clinical news has highlighted the PRISM PMR study, which evaluates the Swoop® system’s use in neurosurgical operating room settings, and a peer-reviewed publication describing the economic impact of integrating the Swoop® system into acute hospital care.
Hyperfine’s news feed also features regulatory and market access updates, such as regulatory approval of the Swoop® system in India by the Central Drugs Standard Control Organization (CDSCO), as well as CE Mark and UKCA Mark approvals for its Optive AI™ software. Financial and corporate news includes quarterly and preliminary unaudited financial results, capital raises through public offerings, participation in healthcare conferences, and business updates related to the commercial rollout of the next generation Swoop® system and Optive AI™ software.
For those tracking HYPR, the news stream provides insight into the company’s progress in hospital and neurology office adoption, its international expansion, and its collaborations on global brain health projects such as the UNITY initiative. Bookmarking this page allows readers to monitor how Hyperfine’s clinical, regulatory, and financial developments evolve over time.
Hyperfine, Inc. (Nasdaq: HYPR) announces a leadership transition as Dave Scott steps down as President and CEO, effective July 29, 2022, due to personal reasons. Scott Huennekens, current Executive Chairperson, will serve as interim President and CEO while a search for a long-term leader is conducted. Hyperfine reaffirms its 2022 financial guidance, projecting revenues between $10 to $12 million and installation of 50 to 60 commercial units. The company emphasizes the ongoing expansion of its portable MRI system, Swoop, and its commitment to enhancing global access to medical imaging.
Hyperfine, Inc. (Nasdaq: HYPR) announced that its Swoop® Portable MR Imaging System™ has received registration in Australia and New Zealand. This makes the device, which is the first FDA-cleared portable MRI, available for purchase in these regions. Quantum HealthCare will distribute the Swoop system, enhancing Hyperfine's market entry. The system, already utilized at Alfred Health for point-of-care brain scans, improves patient outcomes by reducing transport needs. The device can operate on standard power and requires no special room setups, making it ideal for remote areas.
Hyperfine (Nasdaq: HYPR) announced that management will present at the 2022 Jefferies Global Healthcare Conference on June 8 at 4:00 PM EDT. The event will feature Dave Scott, President and CEO, and Alok Gupta, CFO.
Interested parties can access a live and archived webcast through the company’s website in the “Investors” section. Hyperfine is known for creating Swoop, the world’s first FDA-cleared portable MRI system, which enhances patient access to rapid diagnoses in various clinical settings.
Hyperfine, Inc. (Nasdaq: HYPR) reported Q1 2022 revenues of $1.509 million, a significant increase from $0.331 million in Q1 2021. The net loss was $23.775 million, or $0.34 per share, compared to a net loss of $7.794 million in the same quarter last year. The company installed 11 commercial systems in Q1 2022, raising the total installed base to 38 commercial systems and 85 total systems. Management projects annual revenues between $10 million and $12 million and expects 50 to 60 units installed by year-end.
Tesseract Health has appointed Michael McConnell, MD, MSEE, as Head of Cardiovascular and Digital Health, strengthening its leadership under CEO Vicky Demas. Dr. McConnell brings expertise from Google Health and aims to guide the development of cardiovascular health products using Tesseract's non-invasive technology. The company is focused on democratizing health screening and aims to innovate ocular health diagnostics. Tesseract is part of 4Catalyzer, which includes companies like Butterfly Network (NYSE: BFLY), Quantum-Si (NASDAQ: QSI), and Hyperfine (NASDAQ: HYPR).
Hyperfine, Inc. (Nasdaq: HYPR) has announced it will release its first quarter 2022 financial results on May 11, 2022. The company, known for creating the world's first FDA-cleared portable MRI system, Swoop®, will host a conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss these results. Interested investors can listen by calling specified numbers or via a live webcast on Hyperfine's investor page. The Swoop system aims to enhance patient access to medical imaging, enabling rapid diagnoses in various clinical settings.
Hyperfine (Nasdaq: HYPR) reported its fourth quarter and full year 2021 results, highlighting significant achievements and continued expansion. For Q4, revenue rose to $0.436 million from $0.207 million in Q4 2020, while the annual revenue reached $1.496 million compared to $0.294 million. However, the net loss for Q4 was $26.085 million, or $2.73 per share, compared to a net loss of $6.862 million in the prior year. The company projects 2022 revenues between $10 to $12 million and expects to install 50 to 60 commercial units.
Hyperfine, Inc. (Nasdaq: HYPR) will announce its financial results for Q4 and full-year 2021 on March 23, 2022, followed by a conference call at 1:30 p.m. PT / 4:30 p.m. ET. The company developed Swoop®, the first FDA-cleared portable MRI system, aimed at enhancing patient access to diagnostic imaging. Swoop's affordability and ease of use allow rapid diagnoses in various clinical settings, offering high-quality imaging at lower magnetic field strengths.
Hyperfine, creator of the first FDA-cleared portable MRI system, Swoop, announced participation in the 42nd Annual Cowen Healthcare Conference on March 9, 2022, at 2:10 PM ET. The presentation will be accessible via a live and archived webcast on their website's Investors section. Swoop enables rapid diagnosis and treatment at point-of-care settings, producing high-quality images with lower magnetic field strength, offering significant benefits in emergency and critical care environments.
Hyperfine, Inc. (Nasdaq:HYPR) announced the deployment of its Swoop portable MRI system at Queen's University and Kingston Health Sciences Centre in Northern Ontario. This move aims to enhance healthcare access for six remote communities, alleviating the need for lengthy medical transfers due to conventional MRI unavailability. The initiative will also support a study on the utility of the portable MRI in remote settings. Hyperfine's recent Health Canada medical device license and commercial launch further validates its innovative approach to imaging technology.