Butterfly Network delivered its strongest revenue quarter ever at $23.4 million, marking a 9% year-over-year growth. The company also achieved record gross margins of 64% and significantly reduced its cash usage to $7.1 million, the lowest in any quarter, demonstrating strong financial discipline and progress towards breakeven.
Achieved highest quarterly revenue in company history at $23.4 million, representing 9% year-over-year growth.
Reached record gross margins of 64%, up from 58.6% in the prior year period, primarily due to higher average selling prices and improved software and services margins.
Reduced quarterly cash used to $7.1 million, marking the lowest cash usage in any quarter.
Reported a net loss of $13.8 million, an improvement from $15.7 million in the prior year period, and an Adjusted EBITDA loss of $6.2 million, down from $8.1 million year-over-year.
Butterfly Network has revised its full-year revenue guidance and improved its Adjusted EBITDA guidance for fiscal year 2025.
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