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

Butterfly Network (NYSE:BFLY) posted its quarterly earnings results on Thursday. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $21.49 million during the quarter, compared to analyst estimates of $20.06 million. During the same period in the prior year, the business posted ($0.14) EPS. Butterfly Network updated its FY 2024 guidance to EPS.

Butterfly Network Stock Up 11.9 %

NYSE:BFLY traded up $0.12 on Friday, hitting $1.13. The stock had a trading volume of 3,569,150 shares, compared to its average volume of 1,494,229. Butterfly Network has a 52-week low of $0.67 and a 52-week high of $2.52. The stock has a market cap of $238.10 million, a price-to-earnings ratio of -1.95 and a beta of 2.14. The business’s 50-day simple moving average is $1.01 and its two-hundred day simple moving average is $1.01.

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.