Butterfly Network Reveals Expectation To Exceed 2023 Revenue And Adjusted EBITDA Guidance; Expects To Launch Butterfly iQ3 This Quarter, Q1 2024
Portfolio Pulse from Benzinga Newsdesk
Butterfly Network anticipates surpassing its 2023 revenue and adjusted EBITDA guidance, with plans to release the Butterfly iQ3 within the first quarter of 2024. The company had previously forecasted a minimum revenue of $64 million and an adjusted EBITDA loss between $75 and $70 million for the full year 2023.
January 11, 2024 | 9:59 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Butterfly Network expects to exceed its 2023 revenue and adjusted EBITDA guidance and is preparing to launch its new product, Butterfly iQ3, in the upcoming quarter.
The positive outlook on exceeding revenue and adjusted EBITDA guidance suggests strong financial performance, which is likely to be well-received by investors and could lead to a short-term increase in stock price. The anticipation of a new product launch, the Butterfly iQ3, may also contribute to investor optimism and potential stock appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100