Hinge Health (HNGE) Sheds 15% After Swinging to Net Loss

Core Insights - Hinge Health, Inc. (NYSE:HNGE) experienced a significant decline in stock price, dropping 15.06% to $45.39 due to disappointing earnings results, marking the end of a three-day winning streak [1][3] Financial Performance - The company reported a net loss attributable to shareholders of $1.8 million for the third quarter, a decline from a net income of $72,000 in the same period last year, primarily due to increased operating expenses and operational losses [2][3] - Operating loss increased to $6.1 million, representing a 56.4% rise from the $3.9 million loss in the comparable period [3] - Revenues surged by 53% to $154.2 million, up from $100.6 million year-on-year [3] Future Outlook - Hinge Health remains optimistic about its future, projecting revenues for 2025 to reach between $572 million and $574 million, indicating a 47% year-on-year growth at the midpoint [3] - For the fourth quarter, the company anticipates revenue growth of 33% year-on-year, estimating revenues in the range of $155 million to $157 million [4]