Butterfly Network has reported a revenue increase for its third quarter.
The company posted total revenue of $20.6 million for the period (end-September 30), a 33% increase compared to last year's $15.4 million during the same period. For the nine-month period, the company reported revenue of $59.7 million, up from 2023's $49.3 million.
It also reduced its net loss by 38%, reporting $16.9 million compared with $27.4 million in 2023. For the nine months, Butterfly Network posted a net loss of $54.4 million compared with $89.5 million last year, it said.
