Butterfly Network, Inc. Provides Earnings Guidance for the Year 2021
May 13, 2021 at 01:00 pm
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Butterfly Network, Inc. provided earnings guidance for the year 2021. For the year, the company expects revenue is expected to be approximately $76 million to $80 million, or approximately 64% to 73% growth year-over-year. Net loss is expected to be approximately $135 million to $155 million.
Butterfly Network, Inc. is a digital health company. The Company is focused on transforming care through a combination of portable, semiconductor-based ultrasound technology, intuitive software, services, and educational offerings. It has two portable ultrasound devices on the market: second-generation Butterfly iQ+ and third-generation Butterfly iQ3. Butterfly iQ+/iQ3 are both powered by its Ultrasound-on-Chip technology, allowing them to power whole-body imaging on a single handheld probe using digital semiconductor technology. It offers cloud-based software solutions to healthcare systems, teleguidance, in-app educational tutorials, formal education programs through its Butterfly Academy software and Butterfly Certified courses, as well as professional services for large scale deployments. Within the Butterfly application, users can utilize up to six imaging modes, including B-Mode, Color Doppler, M-Mode, Power Doppler, Pulsed-Wave Doppler, and Biplane Imaging.