Butterfly Network reports Q3 adjusted EPS (4c), consensus (5c)

Reports Q3 revenue $21.5M, consensus $21.23M. Reports Cash and cash equivalents were $144.2M as of September 30. Joseph DeVivo, Butterfly’s President, CEO and Chairman commented, “We view this quarter as a period of foundational progress for Butterfly. Even in a seasonally softer period, we delivered growth on top of last year’s record third quarter growth, while continuing to reduce our use of cash. We stayed on the offense – advancing AI, strengthening enterprise readiness, and pushing forward on technology milestones that will shape our future. Our pipeline is expanding, and we believe we’re seeing the early signs of momentum returning.”