Butterfly Network (NYSE:BFLY) Posts Earnings Results, Beats Expectations By $0.01 EPS

Butterfly Network (NYSE:BFLY - Get Free Report) posted its earnings results on Friday. The company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.01, Zacks reports. Butterfly Network had a negative net margin of 129.25% and a negative return on equity of 42.68%. The company had revenue of $22.35 million during the quarter, compared to analysts' expectations of $21.97 million. Butterfly Network updated its FY 2025 guidance to EPS.

Butterfly Network Trading Down 0.5 %

Shares of NYSE BFLY traded down $0.02 during midday trading on Tuesday, reaching $3.03. The company had a trading volume of 6,348,624 shares, compared to its average volume of 2,589,271. The business's 50-day simple moving average is $3.92 and its 200 day simple moving average is $2.80. The stock has a market cap of $644.51 million, a P/E ratio of -6.58 and a beta of 2.47. Butterfly Network has a 1 year low of $0.67 and a 1 year high of $4.98.

Insiders Place Their Bets

In other news, CFO Heather C. Getz sold 30,136 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $3.06, for a total value of $92,216.16. Following the sale, the chief financial officer now owns 2,669,333 shares in the company, valued at $8,168,158.98. This represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steve Cashman sold 164,079 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $3.06, for a total transaction of $502,081.74. Following the completion of the sale, the insider now owns 1,835,921 shares in the company, valued at $5,617,918.26. The trade was a 8.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 27.28% of the company's stock.

Remove Ads

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.