Butterfly Network Shares Down 8% After Q1 Financial results
Butterfly Network (BFLY) shares were down more than 8% in early Thursday trading after the company reported a Q1 adjusted loss of $0.03 per share, compared with an adjusted loss per share of $0.04 a year earlier.Three analysts polled by FactSet expected an adjusted loss of $0.05 per share.Revenue for the quarter ended March 31 was $26.5 million, compared with $21.2 million a year earlier.Four analysts polled by FactSet expected $26.1 million.The company said it expects Q2 revenue of $27 million to $31 million. Four analysts polled by FactSet expect $29.4 million.For 2026, Butterfly Network reiterated its revenue guidance of $117 million to $121 million. Four analysts polled by FactSet expect $118.7 million.Price: $4.55, Change: $-0.37, Percent Change: -7.52%
