secwatch.observer — SEC 8-K summary
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Issuer:     Butterfly Network, Inc. (BFLY)
CIK:        0001804176
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001104659-22-114230
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804176/000110465922114230/0001104659-22-114230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804176/000110465922114230/tm2229584d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-114230

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