06:01 PM EDT, 10/15/2025 (MT Newswires) -- Hyperfine (HYPR) said late Wednesday it launched a public offering of its class A common stock, with a 30-day option for underwriters to buy up to 15% of the total number of securities sold.

The offering is subject to market and other conditions, and there's no assurance of its completion, size, or terms.

Separately, the company posted preliminary Q3 revenue of about $3.4 million. Three analysts polled by FactSet expected $3.5 million.

Hyperfine said demand for its next-generation Swoop system and Optive AI software drove sequential growth in revenue and reduced cash burn.

Shares of Hyperfine were down more than 20% in after-hours trading.