Butterfly Network Inc. (NYSE:BFLY) shares are trading higher Thursday after the company reported second-quarter financial results, topping estimates with 39% revenue growth. Butterfly reported an adjusted loss of 1 cent per share, beating the consensus estimate of a 6 cent-loss, and posted revenue of $32.51 million, beating the consensus estimate of $29.36 million and representing a 39% year-over-year increase. The revenue increase was driven largely by the company’s Butterfly Embedded partnerships, including its co-development partnership with Midjourney. The company ended the quarter with $124.7 million in cash and cash equivalents. Butterfly expects third-quarter revenue of $26.00 million to $30.00 million, versus the consensus estimate of $28.46 million, and raised its fiscal-year guidance from between $117.00 million and $121.00 million to between $119.00 million and $123.00 million, versus the consensus estimate of $118.68 million. At the time of publication, Butterfly shares are trading 5.35% higher at $7.48.