Butterfly Network Reports Second Quarter 2023 Financial Results
Butterfly Network, Inc. (NYSE: BFLY) (“Butterfly” or the “Company”), a digital health company transforming care with handheld, whole-body ultrasound, today announced financial results for the quarter ended June 30, 2023, and provided a business update.
- Butterfly Network, Inc. (NYSE: BFLY) (“Butterfly” or the “Company”), a digital health company transforming care with handheld, whole-body ultrasound, today announced financial results for the quarter ended June 30, 2023, and provided a business update.
- Reported total revenue of $18.5 million for the second quarter of 2023, a 3.8% decrease from $19.2 million for the second quarter of 2022, and significantly reduced losses.
- Generated 58% growth in enterprise software annual recurring revenue, which has been a focus area for the Company, for the second quarter of 2023 compared to the second quarter of 2022.
- An explanation of these non-GAAP financial measures is also included below under the heading “Non-GAAP Financial Measures.”
A conference call to review the second quarter 2023 financial results and provide a business update is scheduled for August 3, 2023, at 8:30 am Eastern Time.