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

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

Butterfly Network Price Performance

BFLY traded up $0.09 during midday trading on Thursday, hitting $0.88. 3,365,568 shares of the company’s stock traded hands, compared to its average volume of 1,723,847. The company has a market cap of $182.78 million, a PE ratio of -1.35 and a beta of 2.10. The stock’s fifty 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.

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.