Hyperfine Q4 EPS $(0.15) Beats $(0.18) Estimate, Sales $2.69M Miss $3.71M Estimate
Portfolio Pulse from dijoy@benzinga.com
Hyperfine (NASDAQ:HYPR) reported Q4 earnings with a per-share loss of $0.15, beating the estimated loss of $0.18, and marking a 21.05% improvement year-over-year. However, their quarterly sales of $2.69M fell short of the $3.71M estimate, despite being an 88.62% increase from the previous year.
March 21, 2024 | 8:09 pm
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NEUTRAL IMPACT
Hyperfine reported a smaller-than-expected Q4 loss and a significant year-over-year sales increase, but missed sales estimates.
The mixed results with a better-than-expected EPS but a miss on sales forecasts could lead to neutral short-term stock price movement. The improvement in losses and significant sales growth year-over-year are positive, but failing to meet sales expectations may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100