Latest news with #HYPR
Yahoo
7 days ago
- Business
- Yahoo
Hyperfine Stock Rises After FDA Clears Next-Gen Swoop MRI System
Hyperfine HYPR recently announced FDA 510(k) clearance for its next-generation Swoop Portable MR Imaging system. The clearance covers an entirely new portable magnetic resonance imaging (MRI) scanner powered by Hyperfine's proprietary OptiVu AI software, delivering the company's highest level of image quality, functionality, and usability to date. The FDA clearance strengthens Hyperfine's commitment to revolutionizing bedside imaging by enabling rapid, low-field MRI capabilities without the logistical hurdles of traditional systems. With enhanced workflow, usability, and advanced AI-driven imaging, the next-gen Swoop system is positioned to bring greater clinical utility and operational efficiency to hospitals and care teams. Following the announcement, shares of the company moved 41% north and closed at $0.85 on Monday's closing. Shares of the company have lost 3.4% in the year-to-date period compared with the industry's 9.7% decline. The S&P 500 has gained 0.4% in the same time frame. This FDA clearance positions Hyperfine for long-term growth by significantly enhancing the clinical appeal and marketability of its Swoop system, enabling broader adoption across hospitals, emergency departments, and global health systems. The improved image quality, AI-driven diagnostics, and ease of use make the system more competitive against conventional MRI, potentially accelerating sales, expanding reimbursement opportunities, and opening new revenue streams. HYPR currently has a market capitalization of $46.89 billion. In the trailing four quarters, HYPR delivered an average earnings surprise of 3.1%. Image Source: Zacks Investment Research The newly FDA-cleared next-generation Swoop Portable MR Imaging system represents a major technological advancement in bedside brain imaging. The system features a newly engineered hardware platform combined with the proprietary Optive AI software. This integration delivers the highest signal-to-noise ratio to date, resulting in exceptional image quality with improved resolution, uniformity, and faster acquisition times. These enhancements are designed to meet the growing demand for high-performance imaging solutions in varied healthcare environments where traditional MRI access is limited or delayed. The upgraded Swoop system is tailored to be user- and patient-centric. It is optimized to scan a broad patient population, including pediatric, elderly, or anxious individuals, making it highly valuable in settings where patient compliance and comfort are crucial. Its compact, mobile design eliminates the need for patient transport, enabling clinicians to acquire brain scans directly at the point of care. This capability is particularly beneficial in emergency departments, ICUs, neurology offices, and even rural or under-resourced locations. The system's development was shaped through collaboration with leading institutions such as Jefferson Abington, and is actively used in the Hyperfine-sponsored NEURO PMR study. Early results from these studies report highly positive feedback from clinicians and patients alike, with notable improvements in diagnostic efficiency and patient comfort. Per a report by Precedence Research, the global portable MRI market size accounted for $4.34 billion in 2025, and is expected to be worth around $7 billion by 2034, registering a CAGR of 5.44% between 2024 and 2034. Given the market potential, HYPR is likely to witness a boost in its imaging business with the FDA-cleared Swoop system. Currently, HYPR carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader medical space that have announced quarterly results are CVS Health Corporation CVS, Integer Holdings Corporation ITGR and AngioDynamics ANGO. CVS Health, carrying a Zacks Rank of 2 (Buy), reported first-quarter 2025 adjusted earnings per share (EPS) of $2.25, beating the Zacks Consensus Estimate by 31.6%. Revenues of $94.59 billion outpaced the consensus mark by 1.8%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. CVS Health has a long-term estimated growth rate of 11.4%. CVS's earnings surpassed estimates in each of the trailing four quarters, with an average surprise of 18.1%. Integer Holdings reported first-quarter 2025 adjusted EPS of $1.31, beating the Zacks Consensus Estimate by 3.2%. Revenues of $437.4 million surpassed the Zacks Consensus Estimate by 1.3%. It currently sports a Zacks Rank #1. Integer Holdings has a long-term estimated growth rate of 18.4%. ITGR's earnings surpassed estimates in three of the trailing four quarters and missed once, the average surprise being 2.8%. AngioDynamics, currently sporting a Zacks Rank #1, reported a third-quarter fiscal 2025 adjusted EPS of 3 cents against the Zacks Consensus Estimate of a 13-cent loss. Revenues of $72 million beat the Zacks Consensus Estimate by 2%. ANGO has an estimated fiscal 2026 earnings growth rate of 27.8% compared with the S&P 500 Composite's 10.5% growth. The company surpassed earnings estimates in each of the trailing four quarters, with the average surprise being 70.9%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AngioDynamics, Inc. (ANGO) : Free Stock Analysis Report CVS Health Corporation (CVS) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report Hyperfine, Inc. (HYPR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
03-06-2025
- Business
- Associated Press
HYPR Advances Mission to Bring Workforce Identification to Scale
NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) -- HYPR, the Identity Assurance Company, today announced at Identiverse, the next phase in its market leadership, unveiling strategic initiatives to deliver comprehensive, phishing-resistant identity assurance across all devices and applications. Headlining these developments are the public launches of the free HYPR Affirm identity verification solution trial and HYPR's new Workforce Identity Verification Audit. Complementing these new offerings, the company is also forging a key partnership with HID Global to unify physical and digital access through verified identities, creating a cohesive and secure access experience. These strategic advancements collectively accelerate HYPR's mission to scale FIDO-based authentication, setting a new standard for accessible identity security. Interactive Preview Unveils Seamless Identity Verification With 95% of organizations encountering some form of deepfake attack in the past year alone, the imperative for robust identity verification has never been clearer. Enterprises and users can now experience the power of HYPR Affirm firsthand with free, interactive access publicly available on the HYPR website. This self-service tool showcases how HYPR Affirm uses multi-factor identity checks, including document verification, facial biometrics, and passive liveness detection, to seamlessly and securely verify identities without requiring IT intervention or complex sign-ups. First time users can experience the complete verification flow, empowering organizations to ensure every current employee is indeed a fully verified identity. Unified Physical and Digital Security with HID Global Reflecting its commitment to a comprehensive identity assurance platform, HYPR has partnered with HID, a global leader in trusted identity solutions. This collaboration delivers a unified solution integrating physical and digital access control. By combining software- and hardware-based FIDO authenticators, including HID Crescendo® smart cards, the HYPR and HID integration enables organizations to deploy one smart credential for every door, device, and application. Key benefits of the partnership include: 'Unifying physical and digital security has long been a critical challenge for enterprises, often leading to fragmented access and security gaps,' said Sean Dyon, VP of Authentication Business Unit at HID. 'By combining HYPR's phishing-resistant FIDO authentication with HID Crescendo smart cards, we're enabling organizations to truly deploy one smart credential for every door, device, and application. This means comprehensive protection, simplified provisioning, and reduced overhead – fundamentally transforming how users access their world and IT teams manage identities.' Assured Workforce Identity with HYPR Affirm Audit Securing the workforce has become the ultimate frontline in a world of rapidly evolving cyber threats. HYPR is introducing its HYPR Workforce Identity Verification Audit, a precision-engineered, one-and-done solution designed to audit your workforce in a single sweep, providing a comprehensive, rapid assessment of an organization's workforce identity. This audit acts as a critical spotlight, offering fast, secure, jargon-free, and real-time insights for high-stakes projects, routine security health checks, and essential compliance needs. The service provides end-to-end identity proofing and targeted deployment for a predefined number of users, automating the verification process to reduce manual effort, and offers robust audit trails and actionable insights for compliance and internal review. Ultimately, the HYPR Affirm Audit enhances security posture by stopping fraud at the source, mitigating identity fraud risks and helping organizations meet stringent compliance requirements and Know Your Employee (KYE) controls. 'Today marks a pivotal moment in our mission to secure every digital identity,' says Bojan Simic, CEO of HYPR. 'We're committed to making best-in-class identity assurance accessible and user-friendly, and today's announcements underscore that promise. The public launch of free HYPR Affirm and the Workforce Audit, combined with our strategic partnership with HID Global, fundamentally elevates enterprise security. We're not just accelerating the adoption of FIDO-based authentication; we're making it universally accessible, simple, and comprehensive across every facet of a user's journey – from physical entry to critical digital access. Identity is the new perimeter, and we are dedicated to helping our customers secure it.' About HYPR HYPR, the Identity Assurance Company, helps organizations create trust in the identity lifecycle. The HYPR solution provides the strongest end-to-end identity security, combining modern passwordless authentication with adaptive risk mitigation, automated identity verification and a simple, intuitive user experience. With a third-party validated ROI of 324%, HYPR easily integrates with existing identity and security tools and can be rapidly deployed at scale in the most complex environments. Media Contact: Fabienne Dawson [email protected] 917.374.6860
Yahoo
28-04-2025
- Business
- Yahoo
HYPR Continues Global Expansion with New Belgrade Office Amid Shift to Passkeys and Rising Deepfake Threats
Company Announces New SVP of Worldwide Sales Following Record Growth NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- Today, HYPR, the Identity Assurance Company, announced a significant acceleration of its global growth strategy with the opening of a new European Center of Excellence in Belgrade, Serbia. This strategic second physical office will amplify the company's capacity to serve its rapidly expanding worldwide customer base while leveraging the region's deep reservoir of technical talent. Further fueling this global momentum, HYPR also announced the promotion of Douglas McLaughlin to Senior Vice President of Worldwide Sales, a strategic appointment that underscores the company's response to the surging demand for its passwordless authentication and identity verification solutions across key sectors like financial services and healthcare, where cyber threats are reaching critical levels. Identity Renaissance Drives Market Demand HYPR's recently released 2025 State of Passwordless Identity Assurance Report, conducted in partnership with S&P Global Market Intelligence 451 Research, reveals a critical inflection point in authentication security driven by a concerning reality. In 2024, nearly half (49%) of organizations suffered a breach, with an overwhelming 87% attributed to identity vulnerabilities. These breaches resulted in substantial financial losses averaging $2.5 million per incident, alongside legal ramifications forcing many organizations to reduce headcount and implement executive changes. Adding to this challenging landscape, the report also uncovers one of the most alarming findings: nearly 40% of organizations experienced a GenAI-related security incident in the past year, with a staggering 95% encountering some form of deepfake attack—including altered static imagery (50%) and manipulated live (44%) and recorded (41%) audio/video. However, amidst these escalating threats, the report highlights a historic shift in the authentication landscape. For the first time in its five-year history, FIDO passkeys and hardware keys are on track to become the dominant authentication method by 2027, offering a potential pathway to a more secure future. Global Expansion and Hiring Initiatives To better equip organizations for the escalating battle against identity-based attacks and to fuel its ambitious growth trajectory, HYPR has strategically expanded its operational footprint with a new European Center of Excellence in Belgrade, Serbia. This critical addition will significantly enhance the company's ability to serve its increasing global customer base with localized expertise while tapping into the region's robust technical talent market. "Our new Belgrade office represents a strategic investment in HYPR's future," added Simic. "As threats like sophisticated phishing campaigns and the alarming trend of North Korean hackers infiltrating IT departments continue to make headlines, organizations worldwide are recognizing that robust identity assurance is non-negotiable. We're actively hiring across multiple functions in both the US and internationally to meet this surging demand." The company's HYPR Affirm identity verification solution has seen strong adoption across organizations of all sizes, from nimble SMBs to large enterprises, as identity fraud and verification challenges affect businesses regardless of scale. Organizations are leveraging HYPR Affirm to address critical identity challenges including employee onboarding fraud prevention, detection of fake workers, secure account recovery for helpdesks, and verification during high-risk transactions. This growth aligns with the report's finding that identity verification tools are now the most widely deployed IAM tool (63%) and a top choice for post-breach implementation (68%). When combined with HYPR's passwordless authentication capabilities, customers create a comprehensive identity assurance framework that significantly reduces risk across the identity lifecycle. Leadership for Hypergrowth Douglas McLaughlin has been named SVP of Worldwide Sales. Over the last six years, McLaughlin has been instrumental in HYPR's growth trajectory, personally cultivating strategic partnerships with one of the top four US banks, a top five healthcare organization, and one of the nation's largest credit unions, among other marquee accounts. His leadership has been pivotal in establishing HYPR as the trusted identity assurance partner for enterprises seeking to eliminate credential-based attacks. Additionally, Doug has played a crucial role in building and enhancing HYPR's channel partner program, significantly expanding the company's market reach and creating mutually beneficial relationships with strategic technology and service providers. "Doug has consistently demonstrated exceptional leadership and an unwavering commitment to our customers' success," said Bojan Simic, co-founder, CEO and CTO of HYPR. "His deep understanding of the evolving threat landscape and ability to translate our technical innovations into tangible business value for customers makes them the ideal leader to scale our global sales operations. This promotion reflects not only Doug's individual achievements but also our company's commitment to recognizing and elevating top talent." Customers consistently cite McLaughlin's ability to guide them through complex digital transformations, providing the confidence needed to undertake significant authentication modernization initiatives that deliver both enhanced security and improved user experiences. About HYPR HYPR, the Identity Assurance Company, helps organizations create trust in the identity lifecycle. The HYPR solution provides the strongest end-to-end identity security, combining modern passwordless authentication with adaptive risk mitigation, automated identity verification and a simple, intuitive user experience. With a third-party validated ROI of 324%, HYPR easily integrates with existing identity and security tools and can be rapidly deployed at scale in the most complex environments. Media Contact:Fabienne Dawson 917.374.6860Sign in to access your portfolio
Forbes
28-03-2025
- Forbes
Microsoft Warns 1 Billion Windows Users—Do Not Use Password
Do not use your password All change for Microsoft. The company has suddenly confirmed a major update 'for over 1 billion end users,' as the deletion of passwords for all users becomes real. Your Microsoft password, it warns, 'could be easily forgotten or guessed by an attacker,' and it's now time 'to completely remove the password from your account.' 'The password era is ending,' Microsoft warned in December. 'Bad actors know it, which is why they're desperately accelerating password-related attacks while they still can.' With '7,000 attacks on passwords [blocked] per second… almost double from a year ago,' the company is on a mission to 'convince a billion users to love passkeys.' And this latest update is the next stage. 'By the end of April, most Microsoft account users will see updated sign in and sign-up user experience for web and mobile apps.' This has enabled the company 'to rethink the default experiences for sign in, putting even greater emphasis on usability and security — our new UX is optimized for a passwordless and passkey-first experience.' Microsoft explains that when signing up for a new account, just entering your email address will be enough. 'You don't have to create a new Microsoft password… All you need to do is verify the email with a one-time code, and this becomes the default credential for your new account, so you start off passwordless.' Goodbye password Once signed in, users will then create their passkey. 'We're also updating the Microsoft account sign in logic, so your passkey is the default sign in choice whenever possible, because passkeys are more secure and three times faster than passwords.' Microsoft has been very clear as to why adding passkeys is not good enough if passwords remain on the account. 'Even if we get our more than one billion users to enroll and use passkeys, if a user has both a passkey and a password, and both grant access to an account, the account is still at risk for phishing.' That's why password deletion is the goal, and it becomes more critical with new AI-fueled attacks and successful 2FA compromises making weekly headlines. 'Our ultimate goal is to remove passwords completely and have accounts that only support phishing-resistant credentials,' Microsoft says. 'Millions of users have deleted their passwords.' Kudos to Microsoft for the clarity and simplicity of its messaging here. The adoption of passkeys is accelerating, with HYPR confirming this week that 'phishing-resistant authentication, led by FIDO passkeys, is projected to become the most widely deployed authentication method within two years.' But there's much more still to be done. What we need now is the same password deletion clarity from all other major platform providers to ensure this shift is wholesale. Google, in contrast to Microsoft, talks about passwords remaining as a backup credential for account access. But per Microsoft's warning, this leaves a vulnerability in place. This should be the year we see consistent advice on passkeys and the eradication of password and simple 2FA usage.
