Butterfly Network (NYSE:BFLY) Issues Earnings Results

Butterfly Network (NYSE:BFLY) posted its quarterly earnings data on Wednesday. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05, Zacks reports. Butterfly Network had a negative net margin of 202.88% and a negative return on equity of 50.87%. The firm had revenue of $17.66 million for the quarter, compared to the consensus estimate of $17.13 million. During the same period in the prior year, the firm posted ($0.17) EPS. Butterfly Network updated its FY 2024 guidance to EPS.

Butterfly Network Stock Performance

Shares of Butterfly Network stock traded up $0.09 during trading hours on Thursday, reaching $0.88. The company’s stock had a trading volume of 3,365,568 shares, compared to its average volume of 1,723,847. The company’s 50 day simple moving average is $1.02 and its 200 day simple moving average is $1.01. Butterfly Network has a one year low of $0.67 and a one year high of $2.71. The stock has a market cap of $182.78 million, a P/E ratio of -1.35 and a beta of 2.10.

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.