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Stock impact report

Butterfly Network Reports Fourth Quarter 2023 Financial Results [Yahoo! Finance]

Butterfly Network, Inc. Class A (BFLY) 
Company Research Source: Yahoo! Finance
Launched next generation device iQ3 and ScanLab in 2024 Completed the removal of over $170 million in costs from the business Reduced annual cash burn to approximately $60 million Announced upcoming Investor Day on March 18, 2024, at the New York Stock Exchange BURLINGTON, Mass. & NEW YORK, February 28, 2024 BUSINESS WIRE )--Butterfly Network, Inc. (NYSE: BFLY) ("Butterfly" or the "Company"), an innovative digital health company transforming care through a unique combination of portable, semiconductor-based ultrasound technology, intuitive software, services and educational offerings that can make medical imaging more accessible than ever before, today announced financial results for the quarter and year ended December 31, 2023, and provided a business update. Joseph DeVivo, Butterfly's Chairman and CEO said, "2023 was a transition year for Butterfly as we delivered on our initiatives and focused on rightsizing our business by resizing our cost base, refocusing our product Show less Read more
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