Butterfly Network (NYSE:BFLY) Releases 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 (EPS) for the quarter, topping 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 quarter in the previous year, the firm earned ($0.17) EPS. Butterfly Network updated its FY 2024 guidance to EPS.

Butterfly Network Stock Performance

BFLY stock traded up $0.10 during trading on Thursday, reaching $0.89. The company had a trading volume of 2,290,068 shares, compared to its average volume of 1,709,092. The firm has a 50-day simple moving average of $1.02 and a 200-day simple moving average of $1.01. The company has a market cap of $184.28 million, a price-to-earnings ratio of -1.47 and a beta of 2.10. Butterfly Network has a twelve month low of $0.67 and a twelve month 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.