Butterfly Network posts Q2 revenue growth

2020 10 07 17 49 8031 Butterfly Network I Q 20201007173521

Point-of-care ultrasound developer Butterfly Network reported strong revenue growth in its second quarter, driven by "broad customer adoption," it said.

Revenue in the company's second quarter (end-June 30) increased 40% to $16.5 million, compared with $11.8 million in the second quarter of 2020. The firm's net loss for the quarter was $2.9 million, compared with a net loss of $23.2 million in the same period last year.

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