Butterfly Network has posted gains for its fourth quarter and full year 2024.
The company reported revenue for the period (end-December 31) of $22.4 million, an increase of 35% compared with $16.5 million in 2023. It also reduced its net loss from $44.1 million for the same period in 2023 to $18.1 million, a decrease of 59%.
For the year, the company posted revenue of $82.1 million compared with $65.9 million in 2023 and reduced its net loss from $133.7 million to $72.4 million.
Butterfly Network also noted that it closed a public offering on January 31 that generated $81.7 million in net proceeds.