Butterfly Network (BFLY) Scheduled to Post Earnings on Friday

Butterfly Network (NYSE:BFLY) will issue its quarterly earnings data before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. Butterfly Network has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Butterfly Network (NYSE:BFLY) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.05. Butterfly Network had a negative return on equity of 43.77% and a negative net margin of 153.29%. The company had revenue of $21.49 million during the quarter, compared to analyst estimates of $20.06 million. During the same quarter last year, the company earned ($0.14) EPS. On average, analysts expect Butterfly Network to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Butterfly Network Stock Up 6.0 %

BFLY stock opened at $1.76 on Friday. Butterfly Network has a twelve month low of $0.67 and a twelve month high of $2.20. The firm has a market cap of $370.85 million, a PE ratio of -3.03 and a beta of 2.18. The business has a 50 day moving average of $1.56 and a 200 day moving average of $1.18.

Analyst Ratings Changes

Separately, Lake Street Capital began coverage on Butterfly Network in a research report on Tuesday, September 10th. They set a “buy” rating and a $3.00 price objective for the company.

Insider Buying and Selling at Butterfly Network

In other Butterfly Network news, CEO Joseph Devivo bought 104,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were acquired at an average cost of $0.95 per share, for a total transaction of $98,800.00. Following the purchase, the chief executive officer now owns 7,009,221 shares in the company, valued at approximately $6,658,759.95. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Butterfly Network news, CEO Joseph Devivo bought 104,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were acquired at an average cost of $0.95 per share, for a total transaction of $98,800.00. Following the purchase, the chief executive officer now owns 7,009,221 shares in the company, valued at approximately $6,658,759.95. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Larry Robbins purchased 244,774 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was purchased at an average price of $1.07 per share, for a total transaction of $261,908.18. Following the completion of the purchase, the director now owns 9,955,144 shares in the company, valued at approximately $10,652,004.08. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 27.28% of the company’s stock.

About Butterfly Network

Butterfly Network, Inc develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+ and iQ3 ultrasound devices that can perform whole-body imaging in a single handheld probe integrated with the clinical workflow, and accessible on a user's smartphone, tablet, and almost any hospital computer system; and Butterfly iQ+ Vet, a handheld ultrasound system designed for veterinarians.