Hinge Health stock pops 6% after first quarterly report since IPO

In this articleHNGE your favorite stocksCREATE FREE ACCOUNTHinge Health co-founders, Gabriel Mecklenburg and Daniel Perez celebrate its initial public offering at the New York Stock Exchange on May 22, 2025.NYSEs of Hinge Health popped 6% in ext trading on Tuesday after the digital physical therapy company reported quarterly results for the first time since its debut on the New York Stock Exchange in May.Here's how the company did based on average analysts' estimates compiled by LSEG:Loss: Loss per of $13.10

That may not compare with the 9 cents per earnings expectedRevenue: $139 million vs. $125 million expectedRevenue at Hinge increased 55% in the second quarter from $89.8 million during the same period last year, according to a release.Hinge reported a net loss of $575.65 million, or $13.10 per , compared to a loss of $12.93 million, a loss of 96 cents per , during the same period a year earlier

The company 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. "The most important thing I'd hope for people to take away is the long-term potential of using software and connected hardware to automate care dery itself."Read more CNBC newsNvidia's set to regain some China access

But it still faces eroding AI chip market Ethereum turns 10: From scrappy experiment to Wall Street's invisible backboneGoogle has dropped more than 50 DEI-related organizations from one of its funding listsAmazon stock sinks after earnings: Here are the key takeawaysHinge, founded in 2014, uses software to help patients treat acute musculoskeletal injuries, chronic pain and carry out post-surgery rehabilitation remotely.It the second quarter with 2,359 clients, up 39% from 1,785 clients during the same period last year.Hinge said it expects to report revenue between $141 million and $143 million during its third quarter

For the full year, the company 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. s of Hinge closed at $48.22 on Tuesday."We believe we're fundamentally reshaping how care can be dered more effectively and efficiently," Perez said during the company's quarterly call with investors.Stock Chart IconStock chart iconHinge Health 3 month stock chart.WATCH: I’d consider buying Hinge Health at these levels, says Jim Cramerwatch now8:5508:55I'd consider buying Hinge Health at these levels, says Jim CramerMad Money with Jim Cramer