Butterfly Network Inc is a digital health business transforming care with handheld, whole-body ultrasound. Powered by its proprietary Ultrasound-on-Chip technology, its solution enables the acquisition of imaging information from an affordable, powerful device that fits in a healthcare professional's pocket with a combination of cloud-connected software and hardware technology that is easily accessed through a mobile application. Butterfly iQ+ is an ultrasound device that can perform whole-body imaging in a single handheld probe using semiconductor technology. The company operates in one reportable segment, which includes all activities related to the development, manufacture, and sale of the Company's products, software, and other services.
Q3 revenue $32.6M (+52% YoY), EPS $(0.05), adjusted EPS $(0.01); FY guidance revenue $123–126M, adjusted EBITDA loss $12–15M · per SEC filing
Sources: SEC filing
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Butterfly Network, Inc. (BFLY) Reports Q3 Loss, Beats Revenue EstimatesButterfly Network reported a Q3 loss of $0.01 per share, beating consensus estimates of $0.03 loss, with a 66.67% earnings surprise. Revenue reached $32.6 million, surpassing estimates by 16.05% and up 51.7% year-over-year. The stock has gained 105.5% year-to-date but holds a Zacks Rank #3 (Hold) rating with mixed estimate revisions.
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$BFLY filed an 8-K with results (Item 2.02) at 6:33 AM ET on Thu, Oct 29.
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