Butterfly Network Inc reports results for the quarter ended March 31 - Earnings Summary

• Butterfly Network Inc BFLY.N reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -10 cents. The mean expectation of four analysts for the quarter was for a loss of 8 cents per share. Wall Street expected results to range from -9 cents to -8 cents per share.

• Revenue rose 20.2% to $21.23 million from a year ago; analysts expected $21.16 million.

• Butterfly Network Inc's reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of $13.97 million.

• Butterfly Network Inc shares had risen by 2.6% this quarter and lost 25.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the advanced medical equipment & technology peer group is "buy."

• Wall Street's median 12-month price target for Butterfly Network Inc is $5.00

This summary was machine generated from LSEG data May 2 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)