Signify Premium Insight: Hyperfine’s Time to Shine
Published: August 29, 2023
Earlier this month, Hyperfine, the manufacturer behind the Swoop portable MRI system announced its second quarter 2023 results.
The numbers returned by the start-up, which went public via a SPAC merger in December 2021 are positive, having brought in revenues of $3.38m in Q2 2023, more than double the $1.53m for the comparable quarter 2022.
The vendor still made a net loss in the quarter, but this was halved, from $23.16m to $10.64m in Q2 2022. As such the vendor appears to be heading in the right direction, but will it be able to continue moving forward, or is its momentum set to run out?
The Signify View
If Hyperfine were to hit difficult times, it would not be particularly unusual. There have been several vendors promoting new modalities over recent years, and they have frequently struggled to gain