Butterfly Network Expects 2024 Revenue Of $79M-$81M Versus Consensus Of $75M-$80M Vs $78.557M Est.
Portfolio Pulse from Benzinga Newsdesk
Butterfly Network has increased its revenue guidance for 2024 to $79M-$81M, surpassing consensus estimates. The company also improved its adjusted EBITDA guidance by $5M, projecting a loss of $42M-$40M.
November 01, 2024 | 10:34 am
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Butterfly Network has raised its 2024 revenue guidance to $79M-$81M, exceeding consensus estimates. The company also improved its adjusted EBITDA guidance by $5M.
The increase in revenue guidance to $79M-$81M surpasses the consensus range of $75M-$80M, indicating stronger than expected performance. Additionally, the improved adjusted EBITDA guidance by $5M suggests better financial management and cost control, which is positive for investors.
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