HYPERFINE Stock Price, News & Analysis

Hyperfine (Nasdaq: HYPR), developer of the Swoop® system—the first FDA-cleared portable magnetic resonance brain imaging system—has scheduled its Q3 2024 financial results announcement for November 12, 2024. Management will host a conference call at 1:30 PM PT/4:30 PM ET. The webcast will be accessible through the company's investor relations webpage, with advance registration recommended.

Hyperfine, Inc. (Nasdaq: HYPR) announced the publication of a multicenter study utilizing their Swoop® Portable MR Imaging® System in the September 29th issue of Circulation. The SAFE MRI ECMO study evaluated the use of ultra-low-field portable MR imaging on ICU patients undergoing extracorporeal membrane oxygenation (ECMO) with an elevated risk of acute brain injury (ABI).

The study, conducted by investigators at Johns Hopkins Hospital and the University of Texas-Houston, demonstrated the safety and effectiveness of using the Swoop® system for bedside neuroimaging in complex clinical settings like intensive care units. This breakthrough addresses the significant barrier of conducting timely neuroimaging on ECMO patients, potentially improving patient outcomes through earlier interventions.

Dr. Edmond Knopp, Chief Medical Officer at Hyperfine, highlighted the value of the Swoop® system in clinical situations where conventional MRI is not accessible, emphasizing its ability to provide real-time insights into a patient's acute brain injury state.

Hyperfine, Inc. (Nasdaq: HYPR) announced promising interim findings on the value of its Swoop® Portable MR Imaging® system for acute stroke care at the 2024 European Society of Neuroradiology Annual Meeting. The study, presented by Dr. Keith Muir of the University of Glasgow, compared the ultra-low-field Swoop® system to conventional MRI and head CT in emergency stroke workup.

Key findings include:

• Faster time-to-scan: 2.5 hours median for Swoop® vs. 27.7 hours for conventional MRI
• Comparable diagnostic performance to head CT
• Good specificity compared to 1.5T MRI
• Positive patient experience reported

The study concludes that the portable ultra-low-field MRI system shows promise in enhancing stroke diagnosis accessibility and efficiency, particularly where conventional MRI availability is

Hyperfine, Inc. (Nasdaq: HYPR) has announced a collaboration with the Medical University of South Carolina to assess astronaut brain health using the Swoop® Portable MR Imaging® system. The research will focus on the Polaris Dawn mission, acquiring brain images of astronauts before and after spaceflight. The study aims to assess intracranial volume changes and gain insights into spaceflight-associated neuro-ocular syndrome (SANS).

Dr. Donna Roberts, the principal investigator, emphasized the importance of understanding how human physiology adapts to spaceflight and zero-gravity environments. The Swoop® system will capture MR brain images of the four Polaris Dawn crewmembers at key points: seven days before launch, within hours of return, and one day after return. This research could provide valuable data on intracranial venous congestion during spaceflight and brain re-adaptation to Earth.

Hyperfine (Nasdaq: HYPR), the company behind the first FDA-cleared portable MR brain imaging system, announced its participation in upcoming investor conferences. Management will present at the H.C. Wainwright 26th Annual Global Investment Conference on September 9, 2024, at 7:00 am ET. They will also host in-person meetings at the 2024 Wells Fargo Healthcare Conference in Boston on September 5th, 2024.

A live webcast of the H.C. Wainwright event and an archived recording will be available on the company's website. The webcast will be accessible for at least 90 days after the event. Hyperfine's groundbreaking Swoop® system has redefined brain imaging with its portability and FDA clearance.

Hyperfine, Inc. (HYPR) reported record quarterly revenue of $3.63 million in Q2 2024, up 7.4% year-over-year. The company achieved a 50% gross margin and sold 13 commercial Swoop® systems. Hyperfine raised its FY 2024 revenue guidance to $13-16 million, reflecting 31% growth at the midpoint. Key achievements include FDA clearance of 9th generation AI-powered brain imaging software and initiation of the CARE PMR study for Alzheimer's patients. The company expanded internationally, appointing distributors in 12 EU markets and India. Despite progress, Hyperfine reported a net loss of $10.16 million for Q2 2024, slightly improved from $10.64 million in Q2 2023.

Hyperfine (Nasdaq: HYPR) presented initial data from observational clinical studies evaluating the use of its Swoop® Portable MR Imaging® system for Alzheimer's patients at the 2024 Alzheimer's Association International Conference (AAIC). The CARE PMR study, involving multiple sites, assesses the clinical utility of Swoop® images in detecting amyloid-related imaging abnormalities (ARIA) in patients receiving amyloid-targeting therapy.

Key findings include:

• Evidence of ARIA-E detection in one patient using low-field strength imaging
• Strong agreement between low-field and high-field MR images in brain morphometry evaluation
• Potential for portable MRI to transform Alzheimer's disease management across various care settings

Hyperfine (Nasdaq: HYPR) has received FDA clearance for its ninth-generation AI-powered Swoop® system software, significantly reducing scan times for brain imaging without compromising image quality. This advancement positions Hyperfine as a leader in AI-powered health technology, potentially speeding up diagnoses in acute care settings, particularly for time-sensitive conditions like stroke. The software update may also help mitigate the impact of patient motion on image quality.

Professor Adnan Siddiqui from the University of Buffalo highlighted the importance of this development for stroke diagnosis workflows. Hyperfine's commitment to AI innovation is evident in its leading position on the FDA's AI/ML-Enabled Medical Devices list. Tom Teisseyre, Chief Operating Officer at Hyperfine, emphasized the company's focus on balancing speed and image quality to inform better patient care decisions in acute settings.

Hyperfine (Nasdaq: HYPR) highlights results from a multi-site study demonstrating the value of its Swoop® Portable MR Imaging® System in acute stroke diagnosis. The study, to be published in the August 2024 issue of Annals of Neurology, shows promising results for using Swoop® system images to assess stroke patients and guide critical treatment decisions. The study included 71 patients and was conducted by teams from Massachusetts General Hospital and the University at Buffalo.

This publication marks the first to include a subset of data from the ACTION PMR stroke study, which has already enrolled over 100 patients at four institutions. The study aims to compare stroke detection capabilities between ultra-low-field MRI, conventional high-field MRI, and CT. A workflow phase evaluating the Swoop® system's ease of access and versatility in emergency departments and stroke centers is set to begin later this year.