Hinge Health co-founders, Gabriel Mecklenburg and Daniel Perez have fun its initial public offering on the Latest York Stock Exchange on May 22, 2025.
NYSE
Shares of Hinge Health popped 6% in prolonged trading on Tuesday after the digital physical therapy company reported quarterly results for the primary time since its debut on the Latest York Stock Exchange in May.
Here’s how the corporate did based on average analysts’ estimates compiled by LSEG:
- Loss:Â Loss per share of $13.10. That will not compare with the 9 cents per share earnings expected
- Revenue:Â $139 million vs. $125 million expected
Revenue at Hinge increased 55% within the second quarter from $89.8 million in the course of the same period last 12 months, based on a release.
Hinge reported a net lack of $575.65 million, or $13.10 per share, in comparison with a lack of $12.93 million, a lack of 96 cents per share, in the course of the same period a 12 months earlier. The corporate said its GAAP loss from operations was $580.7 million, which included $591.0 million from stock-based compensation expenses.
“We’re still introducing ourselves to the world,” Hinge CEO Daniel Perez told CNBC in an interview on Tuesday. “Crucial thing I’d hope for people to remove is the long-term potential of using software and connected hardware to automate care delivery itself.”
Hinge, founded in 2014, uses software to assist patients treat acute musculoskeletal injuries, chronic pain and perform post-surgery rehabilitation remotely.
It finished the second quarter with 2,359 clients, up 39% from 1,785 clients in the course of the same period last 12 months.
Hinge said it expects to report revenue between $141 million and $143 million during its third quarter. LSEG analysts were expecting $129 million. For the complete 12 months, the corporate said it expects revenue of $548 million to $552 million, which also beat the $511 million expected by LSEG analysts.
The stock opened at $39.25 in May, rising 23% from its $32 IPO price. Shares of Hinge closed at $48.22 on Tuesday.
“We imagine we’re fundamentally reshaping how care could be delivered more effectively and efficiently,” Perez said in the course of the company’s quarterly call with investors.
Hinge Health 3 month stock chart.
