Butterfly Network Now Sees FY24 Revenue Of $75M-$80M (Est $72.855M) Or Approximately 15-20% Revenue Growth (Prior View Low Double Digit Revenue Growth)
Portfolio Pulse from Benzinga Newsdesk
Butterfly Network has updated its FY24 revenue forecast to $75M-$80M, indicating a 15-20% growth, higher than the previous low double-digit estimate. The company also improved its Adjusted EBITDA loss projection to $55M-$50M from the earlier $60M-$50M range.
May 01, 2024 | 9:20 pm
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Butterfly Network raises FY24 revenue guidance to $75M-$80M and improves Adjusted EBITDA loss forecast to $55M-$50M.
The upward revision in Butterfly Network's FY24 revenue forecast and the improvement in its Adjusted EBITDA loss projection are positive indicators of the company's financial health and operational efficiency. This news is likely to be viewed positively by investors, potentially leading to an increase in the stock price in the short term.
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