Shares of Butterfly Network Inc (BFLY) skyrocketed 24.51% in pre-market trading on Friday, following the release of its impressive third-quarter 2025 financial results. The medical imaging technology company delivered a strong performance that exceeded analyst expectations and demonstrated significant improvements in cash management.
Butterfly Network reported Q3 revenue of $21.5 million, surpassing the analyst consensus estimate of $21.2 million. This represents a 5.0% year-over-year increase, demonstrating continued growth in the company's top line. Notably, the company achieved a significant milestone in cost management, reducing its quarterly cash burn to $3.9 million, setting a new record low for quarterly cash usage.
In a move that has bolstered investor confidence, Butterfly Network reaffirmed its full-year revenue guidance for 2025. The company projects revenue between $91 million and $95 million, reflecting approximately 13.0% growth for the year. Additionally, Butterfly Network narrowed its adjusted EBITDA loss guidance, signaling improved financial discipline. The company also highlighted key business developments during the quarter, including advancements in artificial intelligence, strengthening enterprise readiness, and progress on technology milestones. These strategic initiatives are likely contributing to the positive market sentiment surrounding the stock.
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