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Butterfly Network Expects 35% Revenue Growth

Butterfly Network, Inc. (NYSE: BFLY) has announced that its preliminary, unaudited revenue for the fourth quarter ended December 31, 2024, is expected to show a remarkable growth of approximately 35% year over year. The company's President, CEO, and Chairman, Joseph DeVivo, highlighted the outstanding performance in the final quarter, with the growth rate accelerating throughout the year.

The company's Chief Financial and Operations Officer, Heather Getz, expressed enthusiasm about the upcoming audited fourth quarter and full-year 2024 results, which are expected to be reported in late February. She also indicated the company's anticipation of strong top-line growth and continued fiscal discipline in 2025.

Butterfly Network will be presenting a business update at the 43rd J.P. Morgan Healthcare Conference on January 16, 2025, at 7:30 am PST. The company's participation in this conference is a significant opportunity to showcase its progress and future prospects.

It's important to note that the preliminary revenue growth figure is based on currently available information and has not yet been audited. As such, the company has not completed its fiscal year-end financial close process for the quarter ended December 31, 2024. The actual results could be subject to change upon completion of the financial statement closing procedures.

The market has reacted to these announcements by moving the company's shares -1.0% to a price of $4.0. For the full picture, make sure to review Butterfly Network's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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