---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-114230"
form_type: "8-K"
ticker: "BFLY"
cik: "0001804176"
company_name: "Butterfly Network, Inc."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:42:35.128512+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Butterfly Q3 revenue up 34% to $19.6M but net loss widens; cuts FY revenue guide; CCO resigns

## Summary
- Q3 revenue $19.6M (+34% YoY); product $13.2M, software/other $6.5M.
- Net loss $54.7M vs $13.6M last year; adjusted EBITDA loss $32.9M.
- Full-year 2022 revenue guidance revised to $73-76M; adjusted EBITDA loss reaffirmed $155-145M.
- Gross margin improved to 56.0% from (35.0)%; adjusted gross margin 61.2%.
- Chief Commercial Officer Stacey Pugh resigns effective Nov 24, 2022, not due to disagreement.

## SEC filing metadata
- accession: 0001104659-22-114230
- form_type: 8-K
- ticker: BFLY
- cik: 0001804176
- company_name: Butterfly Network, Inc.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804176/000110465922114230/0001104659-22-114230-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804176/000110465922114230/tm2229584d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-114230
- JSON: https://secwatch.observer/filing/0001104659-22-114230.json
- Plain text: https://secwatch.observer/filing/0001104659-22-114230.txt

## Key facts
- Earnings Releases
  Butterfly Network, Inc. reported the third quarter ended September 30, 2022 results: revenue $19.6 million, net income $54.7 million. Guidance lowered.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $19.6 million
  - Net income: $54.7 million
  - Guidance: lowered
  - Result: reported results
  source text: Butterfly Network, Inc. (NYSE: BFLY) (“Butterfly”), a digital health company transforming care with handheld, whole-body ultrasound, today announced financial results for the quarter ended September 30, 2022, and provided a business update. Highlights ● Reported total revenue of $19.6 million for the third quarter ended September 30, 2022, representing a 34.2% increase from $14.6 million for the third quarter ended September 30, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804176/000110465922114230/0001104659-22-114230-index.htm
- Executive change
  Stacey Pugh resigned as Chief Commercial Officer at Butterfly Network, Inc..
  - Action: resigned
  - Role: Chief Commercial Officer
  source text: On November 1, 2022, Stacey Pugh, Chief Commercial Officer of the Company, notified the Company of her resignation effective as of November 24, 2022 to pursue another opportunity.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804176/000110465922114230/0001104659-22-114230-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.