earnings
confidence high
sentiment positive
materiality 0.70
Butterfly Network Q2 2021 revenue $16.5M (+40% YoY); gross margin 49.8%
Butterfly Network, Inc.
- Product revenue $13.0M (+30.3%); subscription revenue $3.5M (+94.3%).
- Gross profit $8.2M, margin 49.8%; adjusted gross margin 50.2%.
- Net loss $2.9M vs $23.2M loss in Q2 2020; adjusted EBITDA loss $28.5M.
- Cash and securities $509.5M at June 30, 2021.
- Appointed new CTO and CIO; launched ob-gyn tools and Hong Kong distribution partnership.