Butterfly Network Inc

Price is in a Stage 3 distribution with a clear lower­ highs/lower­ lows sequence and declining short­ term EMAs. Medium­ term bias is bearish as price trades below the 9/20/50 EMAs without constructive bail­out patterns, while RSI is oversold but shows no exhaustion. The long­ term uptrend remains intact above the rising 200­ day SMA. Execution posture is to trim into relief rallies toward the EMA resistance cluster around the 9/20/50 EMAs.

• ↑Q2 2026 revenue $32.6M, up 39% YoY.
• ↑Embedded partnerships drove $10.8M revenue, +439% YoY.
• ↓Negative earnings yield and weak profitability impede long-term viability.