secwatch.observer — SEC 8-K summary
======================================

Issuer:     Butterfly Network, Inc. (BFLY)
CIK:        0001804176
Form:       8-K/A
Filed at:   2022-03-28T23:59:59+00:00
Accession:  0001104659-22-038332
Event type: earnings
Sentiment:  positive
Materiality: 0.10
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Butterfly Network Q1 2021 revenue $12.4M (up 43.5% YoY); subscription revenue up 94.9%
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804176/000110465922038332/0001104659-22-038332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804176/000110465922038332/tm2210335d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-038332

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer