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Minute Insight: New Butterfly Network CEO Has Tough Job Ahead

 
• By Barnaby Pickering and Reed Miller

The handheld ultrasound company made a loss last quarter, but secured FDA authorization for a new ultrasound software and named new leadership.

Minute Insight
• Source: Informa/Alamy

Butterfly Network’s latest earnings failed to impress investors as the company made a loss of $33.5m on revenue of $15.5m in the first quarter of 2023.

The handheld ultrasound technology company is the latest example of a company with an potentially important technology whose stock has fallen flat after going public through a special purpose acquisition company (SPAC)

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