Overview

* Butterfly Network ( BFLY ) Q3 revenue grows 5% yr/yr, beating analyst expectations

* Company reduced quarterly cash burn to $3.9 mln, a record low

* Net loss for Q3 was $34 mln, up from $16.9 mln last year

Outlook

* Butterfly Network ( BFLY ) reaffirms FY 2025 revenue guidance of $91 mln to $95 mln

* Company narrows FY 2025 adjusted EBITDA loss to $32 mln - $35 mln

Result Drivers

* INTERNATIONAL SALES - Revenue growth driven by higher price point of iQ3 probe launched internationally

* TECHNOLOGY ADVANCEMENTS - Development of P5.1 chip and Apollo AI chip seen as future growth drivers

* CASH MANAGEMENT - Reduced quarterly cash burn to $3.9 mln, a record low, despite seasonal softness

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $21.50 $21.22

Revenue mln mln (4

Analysts

)

Q3 Net -$34 mln

Income

Q3 -$8.10

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the advanced medical equipment & technology peer group is "buy"

* Wall Street's median 12-month price target for Butterfly Network Inc ( BFLY ) is $3.50, about 41.7% above its October 30 closing price of $2.04

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)