Butterfly Network Now Expects FY23 Revenue Of At Least $64M (Est. $77.64M), Adjusted EBITDA Loss Of $(80)M-$(75)M
Portfolio Pulse from Benzinga Newsdesk
Butterfly Network has revised its FY23 revenue forecast to at least $64M, down from the estimated $77.64M. The company also expects an adjusted EBITDA loss of between $80M and $75M.
August 04, 2023 | 1:12 pm
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Butterfly Network's revised FY23 revenue forecast is lower than previously estimated, which could negatively impact its stock price.
Butterfly Network has lowered its FY23 revenue forecast, which is a negative signal to investors. This could lead to a decrease in the company's stock price as it indicates potential future financial instability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100