CFO ResignationButterfly reported a mixed second-quarter update with revenue slightly missing expectations, full-year revenue guidance lowered by $5 million (~5%), and the announcement that CFO Heather Getz resigned to pursue other interests.
Delayed Order ConversionThe evolving macro environment has elongated the US hospital sales cycle and pushed out some large enterprise deals.
Revenue Target AdjustmentSales were light vs the Street estimate and management reeled in the 2025 revenue target.