Butterfly Network grows revenue, narrows net loss in Q1

By AuntMinnie.com staff writers

May 13, 2021 -- Point-of-care ultrasound developer Butterfly Network reported strong revenue growth in its first quarter, driven in part by its collaboration with Sientra Health to offer its handheld device iQ+ in the plastic surgery market.

Revenue in the company's first quarter (end-March 31) increased 43.5% to $12.4 million, compared with $8.7 million in the first quarter of 2020. The firm's net loss for the quarter was $700,000, compared with a net loss of $24.4 million during the first quarter of 2020.

Butterfly went public earlier this year through a merger with Longview Acquisition.


Copyright © 2021 AuntMinnie.com
 

To read this and get access to all of the exclusive content on AuntMinnie.com create a free account or sign-in now.

Member Sign In:
MemberID or Email Address:  
Do you have a AuntMinnie.com password?
No, I want a free membership.
Yes, I have a password:  
Forgot your password?
Sign in using your social networking account:
Sign in using your social networking
account: