On August 1, 2024, Butterfly Network, Inc. announced its financial results for the second quarter ended June 30, 2024, along with a business update. The company reported a record quarterly revenue of $21.5 million, a 16% year-over-year growth. Net loss was significantly reduced by 45%, and net cash used in operations decreased by 62%. Butterfly Network also launched the iQ3 in Canada and expanded into Southeast Asia. The company's technological advancements and strategic initiatives, such as the medical school Campus Essentials program, have contributed to its growth. Butterfly Network achieved cost reductions of $10 million, extending its cash runway into 2027. The company also regained compliance with the NYSE Minimum Bid Price requirement. For the full year of 2024, Butterfly Network affirmed its revenue guidance of $75 million to $80 million and improved its adjusted EBITDA guidance to a loss of $50 million to $45 million.

On August 1, 2024, Butterfly Network, Inc. announced its financial results for the second quarter ended June 30, 2024, along with a business update. The company reported a record quarterly revenue of $21.5 million, a 16% year-over-year growth. Net loss was significantly reduced by 45%, and net cash used in operations decreased by 62%. Butterfly Network also launched the iQ3 in Canada and expanded into Southeast Asia. The company's technological advancements and strategic initiatives, such as the medical school Campus Essentials program, have contributed to its growth. Butterfly Network achieved cost reductions of $10 million, extending its cash runway into 2027. The company also regained compliance with the NYSE Minimum Bid Price requirement. For the full year of 2024, Butterfly Network affirmed its revenue guidance of $75 million to $80 million and improved its adjusted EBITDA guidance to a loss of $50 million to $45 million.