Butterfly Network reports mixed results for 2020

By AuntMinnie.com staff writers

March 31, 2021 -- Point-of-care ultrasound developer Butterfly Network reported a 68% increase in revenues but slipped into net loss for 2020 in the company's first financial period of reporting since it went public.

For the year (end-December 31), total revenues were $46.3 million compared with $27.6 million in 2019. The company's net loss was $162.7 million in 2020 compared with $99.7 million in 2019, according to the company.

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

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