Butterfly Network, Inc. delivered on its quarterly revenue and EBITDA guidance, reporting a 20% year-over-year growth in revenue to $21.2 million and significantly reducing its net loss by 36%. The company also successfully raised $81.7 million in net proceeds through a public offering.
Quarterly Revenue of $21.2 million in Q1, representing 20% YoY growth.
Reduced Q1 Net Loss by 36% and Net Cash Used in Operations by 43%.
Raised $81.7 million of net proceeds through a public offering closed on January 31, 2025.
Initiated clinical phase of Butterfly HomeCare congestive heart failure pilot program.
Butterfly Network reiterated its full-year revenue and Adjusted EBITDA guidance for Fiscal Year 2025.
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