Butterfly Network (NYSE:BFLY) Issues Quarterly Earnings Results

Butterfly Network (NYSE:BFLY) announced its earnings results on Friday. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01, Zacks reports. Butterfly Network had a negative net margin of 129.25% and a negative return on equity of 42.68%. Butterfly Network updated its FY 2025 guidance to EPS.

Butterfly Network Trading Down 1.5 %

Shares of NYSE:BFLY traded down $0.06 during trading on Friday, hitting $3.68. 6,451,823 shares of the company’s stock were exchanged, compared to its average volume of 4,710,651. The firm has a 50-day moving average price of $3.91 and a two-hundred day moving average price of $2.73. Butterfly Network has a 1-year low of $0.67 and a 1-year high of $4.98. The firm has a market cap of $783.00 million, a P/E ratio of -7.99 and a beta of 2.47.

Insider Activity at Butterfly Network

In related news, insider Steve Cashman sold 164,079 shares of Butterfly Network stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $3.06, for a total transaction of $502,081.74. Following the transaction, the insider now owns 1,835,921 shares of the company’s stock, valued at $5,617,918.26. This trade represents a 8.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Heather C. Getz sold 30,136 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $3.06, for a total value of $92,216.16. Following the completion of the transaction, the chief financial officer now directly owns 2,669,333 shares of the company’s stock, valued at approximately $8,168,158.98. The trade was a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.28% of the stock is currently owned by company insiders.

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.