Hyperfine Sees FY24 Revenue $13M-$16M Vs $13.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hyperfine has raised its revenue expectations for FY24 to $13-$16 million, reflecting a year-over-year growth of 31% at the midpoint. The company maintains its cash burn estimate at approximately $40 million for the year.
August 08, 2024 | 9:54 pm
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Hyperfine has increased its revenue guidance for FY24 to $13-$16 million, indicating a stronger growth outlook. The cash burn estimate remains unchanged at approximately $40 million.
The raised revenue guidance suggests improved business performance and growth prospects, which is likely to positively impact investor sentiment and the stock price in the short term. The unchanged cash burn estimate indicates financial stability.
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