Butterfly Network, Inc. (BFLY)

Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Butterfly Network, Inc. ("Butterfly" or the "Company") (NYSE: BFLY). Investors who purchased Butterfly securities are encouraged to obtain additional information and assist the investigation.

 

The investigation concerns whether Butterfly and certain of its officers and/or directors have violated federal securities laws.

 

On November 15, 2021, Butterfly announced its financial results for the third quarter of 2021.  In a press release, Butterfly advised, among other things, that the Company’s total gross margin for the quarter was negative 35% and that the Company expected its revenue for 2021 to be $60 million to $62 million this year, significantly below the guidance it gave out in Q1 of $76 million to $80 million. On this news, Butterfly’s stock price fell $1.08 per share, or 12.55%, to close at $7.52 per share on November 15, 2021.

 

If you are aware of any facts relating to this investigation or purchased Butterfly shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.