Butterfly Network's stock fell despite beating earnings, facing financial challenges and insider selling.

Butterfly Network, a company that makes handheld ultrasound devices, saw its stock price drop despite beating earnings expectations. The company reported a loss of $0.08 per share, which was better than expected, but its negative financial metrics, including a 129.25% net margin and a 42.68% return on equity, affected investor confidence. Insider selling and institutional adjustments to holdings also contributed to the stock's decline. Despite the financial challenges, Butterfly Network raised $81.7 million and expects sales to grow by 20% in 2025.

February 28, 2025
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