secwatch.observer — SEC 8-K summary
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Issuer:     Butterfly Network, Inc. (BFLY)
CIK:        0001804176
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001104659-22-085445
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Butterfly Network Q2 revenue $19.2M (+16.4% YoY); net loss widens to $35.8M; cuts costs with workforce reduction
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- Q2 revenue $19.2M (+16.4% YoY); product $13.4M, subscription $5.8M (+65.3%).
- Net loss $35.8M vs $2.9M in Q2 2021; adjusted EBITDA loss $37.8M vs $28.5M.
- Reaffirmed FY2022 revenue $83-88M; improved Adj. EBITDA guidance to loss $145-155M from $175-195M.
- Implemented cost savings plan of ~$3M/month, including workforce reductions, to extend cash runway.
- Notable partnerships: Baylor Scott & White, Gates Foundation 1,000 probes for Africa, Zebra Medical in South Africa.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804176/000110465922085445/0001104659-22-085445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804176/000110465922085445/tm2222356d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-085445

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