secwatch.observer — SEC 8-K summary
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Issuer:     Butterfly Network, Inc. (BFLY)
CIK:        0001804176
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001104659-22-056184
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Butterfly Network Q1 revenue up 25% to $15.6M; net loss widens to $44.5M
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- Revenue $15.6M (+25.2% YoY); product rev $11.0M (+14.8%), subscription rev $4.6M (+60.1%).
- Net loss $44.5M vs $0.7M loss in Q1 2021; adjusted EBITDA loss $40.0M vs $26.5M.
- Partnership with Petco to bring Butterfly iQ+ Vet to >200 Petco clinics across US.
- Awarded $5M Gates Foundation grant; 1,000 probes for maternal/fetal health in sub-Saharan Africa.
- Cash position $359.9M as of March 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804176/000110465922056184/0001104659-22-056184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804176/000110465922056184/tm2214292d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-056184

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