Hyperfine Inc
For the period ended Mar 31, 2024. Filed May 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 14, 2024
HYPR$0.71-1.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(in thousands)
| Three MonthsEnded March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(9,848) | $(12,160) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 263 | 254 |
| Stock-based compensation expense | 1,032 | 1,126 |
| Payments received on net investment in lease | 34 | 2 |
| Changes in assets and liabilities: | ||
| Accounts receivable, net | (2,154) | (915) |
| Unbilled receivables | 47 | (259) |
| Inventory | (833) | (1,122) |
| Prepaid expenses and other current assets | (1,252) | 272 |
| Due from related parties | — | 48 |
| Prepaid inventory | 693 | 281 |
| Other long term assets | 200 | (18) |
| Accounts payable | 1,208 | 954 |
| Deferred grant funding | (621) | (58) |
| Deferred revenue | 127 | (125) |
| Due to related parties | (16) | 64 |
| Accrued expenses and other current liabilities | (1,392) | (1,835) |
| Operating lease liabilities, net | 2 | — |
| Net cash used in operating activities | (12,510) | (13,491) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (145) | (61) |
| Net cash used in investing activities | (145) | (61) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options | 55 | 49 |
| Net cash provided by financing activities | 55 | 49 |
| Net decrease in cash and cash equivalents and restricted cash | (12,600) | (13,503) |
| Cash, cash equivalents and restricted cash, beginning of period | 75,804 | 118,243 |
| Cash, cash equivalents and restricted cash, end of period | 63,204 | 104,740 |
| Reconciliation of cash, cash equivalents, and restricted cash reported in the balance sheets | ||
| Cash and cash equivalents | 63,204 | 104,027 |
| Restricted cash | — | 713 |
| Total cash, cash equivalents and restricted cash | $63,204 | $104,740 |
| Supplemental disclosure of noncash information: | ||
| Unpaid purchase of property and equipment | $742 | $36 |
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