Hyperfine, Inc.

Ladies and gentlemen, thank you for standing by. My name is Desiree and I will be your conference operator today. At this time, I would like to welcome everyone to the Hyperfine fourth quarter 2024 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question again, press the star one. I would now like to turn the conference over to Marisa Beisch. You may begin.

Thank you for joining today's call. Earlier today, Hyperfine Inc. released financial results for the quarter ended December 31, 2024. A copy of the press release is available on the company's website as well as sec.gov. Before we begin, I'd like to remind you that management will make statements during this call that include forward-looking statements within the meaning of the federal securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements contained in this call that relate to expectations or predictions of future events, results, or performance are forward-looking statements. All forward-looking statements, including without limitation, Those relating to our operating trends and future financial performance, expense management, expectations for hiring, training and adoption, growth in our organization, market opportunity, commercial and international expansion, regulatory approvals, and product development are based upon our current estimates and various assumptions. These statements involve material risks and uncertainties that could cause actual results or events materially differ from those anticipated or implied by these forward-looking statements. Accordingly, you should not place undue reliance on these statements. For a listing description of the risks and uncertainties associated with our business, please refer to the Risk Factors section of our latest periodic filing with the Securities and Exchange Commission. This conference call contains time-sensitive information and is accurate only as of the live broadcast today, March 17, 2025. Paper Fine, Inc. disclaims any intention or obligation, except as required by law, to update or revise any future projections or forward-looking statements, whether because of new information, future events, or otherwise. And with that, I will turn the call over to Maria Sainz, President and Chief Executive Officer.

Good afternoon and thank you for joining us. On the call with me today is our Chief Administrative Officer and Chief Financial Officer, Brett Ayo. I am pleased with the strategic milestones achieved in the fourth quarter. They set the stage to execute on our diversified catalysts and drive accelerated growth in 2025 across multiple sites of care and global markets. In 2024, We delivered revenue of $12.9 million, representing 17% year-over-year growth, meaningfully expanded gross margins, and further reduced cash flow. Since the close of the year, we have taken steps to strengthen our financial profile by completing a reorganization to lower our operating costs and raising $6 million through a direct offering to extend our cash runway to the end of 2026. Before I provide detail on our diversification and expansion strategy and the growth catalysts that are coming to fruition in 2025, I will let Brett first review our 2024 financials in more detail. Brett?