Hinge Health says that income increased 50% in the first quarter, there is still no price range for the IPO

Hinge Health updated his prospect on Monday to include the results of his first quarter, which showed accelerated income growth during his fourth quarter.

The Physiotherapy Digital Startup appeared to Public in March, but has not yet shared a price range. Hinge said the revenues in his first quarter increased 50% to $ 123.8 million, compared to $ 82.7 million during the same period last year. Hinge reported $ 117.3 million in revenues during his fourth quarter, 44% more than the same period in 2023.

Hinge said his net income for the period was $ 17.1 million after taxes, above a net loss of $ 26.5 million after taxes during the same period last year.

The company is trying to make public at a time of extreme economic uncertainty and market volatility, largely stimulated by the tariff policy of President Donald Trump. Several companies, including the lender online Klarna and the Stubhub ticket market, have delayed their long -awaited OPI.

Hinge updated prospect signs to investors that the company plans to forge ahead.

While company's income increased by 50%, the cost of goods sold slightly. That allowed the hinge to raise its gross margin to 81% of 70% from the previous year and register an operational income of $ 13.1 million after losing $ 31. 4 million in the same period of the previous year.

Hinge uses software to help patients treat acute musculoskeletal lesions, chronic pain and carry out rehabilitation after surgery remotely. Large employers cover costs so that their employees can access virtual physical therapy based on Hinge applications, as well as their portable electric nerve stimulation device called Enso.

Daniel Pérez, CEO of Hinge, and Gabriel Mecklenburg, executive president of the company, co -founded the company in 2014 after experiencing personal struggles with physical rehabilitation.

Correction: An earlier version of this story incorrectly declared that the first quarter of 2025 was the first profitable quarter of the company. The hinge was profitable above.

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