Butterfly Network Stock Takes A Hit After Announcement Of Preliminary Q4 Earnings

Today, Butterfly Network’s stock price was stunningly up by 20% after the digital health company announced its preliminary earnings for the fourth quarter and full-year 2021. As you can notice, the company price fabulously soared from its previous close of $ 5.80, and now it is trading at about $ 7.59. The company has conducted preliminary unaudited results for the quarter and full year, which ended on December 31, 2021. The President and CEO commented that the revenue exceeded their expectations. In this case, you might like to take a closer look at some significant financial indicators.

The preliminary financial results of the company made a proper impression on investors. In the fourth quarter of 2021, it is expected that revenue of about 17.9 million or 18.9 million dollars turns out to be 14% or 21% more than last year. While for the whole year 2021, they promise an increase of 33% or 35%, which is approximately 61.5 million to 62.5 million US dollars. Separately, the company will focus on integrating Butterfly IQ+ with the University of Rochester Medical Center (URMC).