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- Medical Equipment
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- NYSE:BFLY
Butterfly Network Second Quarter 2024 Earnings: Beats Expectations
Butterfly Network (NYSE:BFLY) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$21.5m (up 16% from 2Q 2023).
- Net loss: US$15.7m (loss narrowed by 45% from 2Q 2023).
- US$0.074 loss per share (improved from US$0.14 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Butterfly Network Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 9.8%. Earnings per share (EPS) also surpassed analyst estimates by 30%.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US.
Performance of the American Medical Equipment industry.
The company's shares are up 6.6% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Butterfly Network, and understanding these should be part of your investment process.
Valuation is complex, but we're here to simplify it.
Discover if Butterfly Network might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About NYSE:BFLY
Butterfly Network
Develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally.
Flawless balance sheet very low.