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

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

Butterfly Network Stock Performance

NYSE:BFLY traded down $0.02 during mid-day trading on Tuesday, hitting $3.03. The company had a trading volume of 6,348,624 shares, compared to its average volume of 2,589,271. Butterfly Network has a fifty-two week low of $0.67 and a fifty-two week high of $4.98. The business's fifty day moving average is $3.92 and its two-hundred day moving average is $2.80. The firm has a market cap of $644.51 million, a P/E ratio of -6.58 and a beta of 2.47.

Insider Buying and Selling at Butterfly Network

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

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About Butterfly Network

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.