Butterfly Network Reports First Quarter 2021 Financial Results

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Go back to Butterfly Network Reports First Quarter 2021 Financial Results

Butterfly Network (BFLY) Reports Q1 Loss of $0.01 on Revenues of $12.4M; Provides FY21 Revenues Outlook

May 13, 2021 8:02 AM EDT

Butterfly Network (NYSE: BFLY) reported Q1 EPS of ($0.01), versus ($4.07) reported last year. Revenue for the quarter came in at $12.4 million, versus $8.7 million reported last year.

First Quarter 2021 Highlights:

Reported revenue of $12.4 million in the first quarter of 2021, compared to $8.7 million in the first quarter of 2020.Reported gross profit of $6.4 million and a gross margin of 51.6%. Adjusted gross margin of 47.8%.Made significant investments in the commercial team, including doubling the sales force, as the company continued to expand its market presence.Built a... More