RTTNews | Mar 30, 2021 10:14AM EDT

10:14 Tuesday, March 30, 2021 (RTTNews.com) - Shares of digital health company Butterfly Network, Inc. (BFLY) are down more than 13% Tuesday morning following wider net loss in full-year 2020.

On Monday, the company reported full-year 2020 net loss of $162.7 million compared with net loss of $99.7 million during 2019.

Revenue for the full-year, however, increased 68% to $46.3 million from $27.6 million last year.

"The completion of our business combination with Longview Acquisition Corp. in February 2021 solidifies the company's financial foundation for the next stage of its growth," said Stephanie Fielding, Butterfly Network Chief Financial Officer.

BFLY, currently at $15.69, has traded in the range of $9.34- $29.13 in the past one year.

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