SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?


To: Sun Tzu who wrote (2822)11/16/2021 2:05:41 PM
From: Sun Tzu  Respond to of 10695
 
BFLY is up 17% today and 30% up from the bottom yesterday.
This is certainly unexpected. We'll see what the market has to say about it by the end of the week.



To: Sun Tzu who wrote (2822)1/11/2022 10:07:48 AM
From: Sun Tzu  Read Replies (3) | Respond to of 10695
 
Butterfly Network, Inc. Announces Preliminary Revenue for the Fourth Quarter and Full Year 2021

BY Business Wire
— 8:45 AM ET 01/11/2022
GUILFORD, Conn. & NEW YORK--(BUSINESS WIRE)-- Butterfly Network, Inc. ( BFLY ) ("Butterfly" or the “Company”), a digital health company transforming care with next generation, point-of-care ultrasound (“POCUS”), today announced certain preliminary, unaudited results for the quarter and full year ended December 31, 2021.

“Our team has performed well during the fourth quarter, with revenue exceeding our expectations,” said Dr. Todd Fruchterman, President and CEO of Butterfly. “Having announced our first enterprise-wide institutional deployment with the University of Rochester Medical Center, we are even more energized about Butterfly’s transformational potential to advance the practice of better medicine everywhere as we begin 2022.”

Preliminary, Unaudited Revenue and Recent Business Highlights:

Revenue for the fourth quarter of 2021 is anticipated to be in the range of approximately $17.9 million to $18.9 million, an increase of approximately 14% to 21% over the same quarter last year.


Revenue for the full year 2021 is anticipated to be in the range of $61.5 million to $62.5 million, an increase of approximately 33% to 35% over full year 2020. On November 15, 2021, the company issued revenue guidance of $60 million to $62 million.

Announced that University of Rochester Medical Center (URMC) and Butterfly Network ( BFLY ) will work together to deploy Butterfly iQ+ across the URMC clinical enterprise.

The preliminary unaudited revenue results described in this press release are estimates only and are subject to revision until the Company reports its full financial results for 2021.

Butterfly previously announced its participation in the 40th Annual J.P. Morgan Healthcare Conference, including a formal virtual presentation on Tuesday, January 11, 2022, at 2:15 pm Eastern Time. A live webcast of the presentation and an archived recording will be available in the Events & Presentations section of the Butterfly Network (BFLY)