earnings
confidence low
sentiment positive
materiality 0.10
Butterfly Network Q1 2021 revenue $12.4M (up 43.5% YoY); subscription revenue up 94.9%
Butterfly Network, Inc.
- Product revenue $9.6M, subscription revenue $2.8M; gross margin 51.6% vs (9.6)% prior year.
- Net loss $0.7M improved from loss $24.4M in Q1 2020; adjusted EBITDA loss $26.5M.
- Cash and equivalents $545.3M as of March 31, 2021.
- FY 2021 guidance: revenue $76-80M (64-73% growth); gross margin 43-47%; adjusted EBITDA loss $140-160M.