Butterfly Network Inc reports results for the quarter ended in September - Earnings Summary

Butterfly Network

02/11/2023 21:38

* Butterfly Network Inc  BFLY.N  reported a quarterly
adjusted
loss of 13 cents​​ per share for the quarter ended in September,
higher than the same quarter last year, when the company
reported EPS of -27 cents.  The mean expectation of
four analysts for the quarter was for a loss of 15 cents per
share. Wall Street expected results to range from -15 cents
to -14 cents per share.
    * Revenue fell 21.4% to $15.42 million from a year ago;
analysts
expected $15.13 million. 
    * Butterfly Network Inc's reported EPS for the quarter was a
loss
of 13 cents​.
    * The company reported a quarterly loss of $27.37 million.
    * Butterfly Network Inc shares had fallen by 31.2% this
quarter and lost 67.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"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 $3.63 
This summary was machine generated from LSEG data November 2 at
09:37 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.15          -0.13          Beat
 Jun. 30 2023      -0.16          -0.14          Beat
 Mar. 31 2023      -0.21          -0.17          Beat
 Dec. 31 2022      -0.22          -0.17          Beat