Butterfly Network Inc reports results for the quarter ended June 30 - Earnings Summary

• Butterfly Network Inc BFLY reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of five analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -8 cents to -6 cents per share.

• Revenue rose 8.8% to $23.38 million from a year ago; analysts expected $23.72 million.

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

• The company reported a quarterly loss of $13.83 million.

• Butterfly Network Inc shares had fallen by 14.5% this quarter and lost 45.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5% 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 "buy" and the breakdown of recommendations is 5 "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 also "buy"

• Wall Street's median 12-month price target for Butterfly Network Inc is $3.75, about 54.4% above its last closing price of $1.71

This summary was machine generated from LSEG data August 1 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)