Butterfly Network (NYSE:BFLY) Releases Earnings Results, Beats Estimates By $0.05 EPS

Butterfly Network (NYSE:BFLY) posted its quarterly earnings data on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.05, Zacks reports. Butterfly Network had a negative net margin of 153.29% and a negative return on equity of 42.18%. The business had revenue of $21.49 million during the quarter, compared to the consensus estimate of $20.06 million. During the same period in the prior year, the firm earned ($0.14) EPS. Butterfly Network updated its FY 2024 guidance to EPS.

Butterfly Network Trading Up 11.9 %

Shares of BFLY traded up $0.12 during mid-day trading on Friday, hitting $1.13. 3,569,150 shares of the company traded hands, compared to its average volume of 1,494,229. The business has a 50-day moving average of $1.01 and a 200 day moving average of $1.01. Butterfly Network has a one year low of $0.67 and a one year high of $2.52. The stock has a market capitalization of $238.10 million, a price-to-earnings ratio of -1.95 and a beta of 2.14.

Butterfly Network Company Profile

Butterfly Network, Inc develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+ and iQ3 ultrasound devices that can perform whole-body imaging in a single handheld probe integrated with the clinical workflow, and accessible on a user's smartphone, tablet, and almost any hospital computer system; and Butterfly iQ+ Vet, a handheld ultrasound system designed for veterinarians.