Butterfly Network, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Butterfly Network, Inc. BFLY.N reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -13 cents. The mean expectation of seven analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -7 cents to -5 cents per share.

• Revenue rose 51.7% to $32.60 million from a year ago; analysts expected $29.09 million.

• Butterfly Network, Inc.'s reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $12.81 million.

• Butterfly Network, Inc. shares had fallen by 12.8% this quarter and gained 105.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.1% 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 8 "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 $10.00, about 21.9% above its last closing price of $7.81

This summary was machine generated from LSEG data October 29 at 02:50 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)