8-K
filed February 28, 2023, 6:59 PM ET
ticker BFLY
CIK 0001804176
earnings
confidence high
sentiment neutral
materiality 0.70
Butterfly Network Q4 2022 revenue flat at $19M; guides FY2023 revenue growth high-teens to low-20%
Butterfly Network, Inc.
2022-FY EPS reported
-$0.84
revenue$73,390,000
- Q4 total revenue $19.0M flat YoY; product revenue down 12.2% to $12.7M, software revenue up 38.3% to $6.3M.
- Gross margin improved to 50.3% from 39.7% YoY; adjusted gross margin 54.5%.
- Net loss widened to $33.7M from $15.2M YoY; adjusted EBITDA loss improved to $29.3M from $35.6M.
- FY2023 guidance: revenue growth high-teens to low-20% range; adjusted EBITDA loss $85M-$95M vs $140M in 2022.
- Cash and securities $242M as of Dec 31, 2022; monthly cash burn reduced to ~$10M in Q4 from >$18M in H1 2022.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Butterfly Network, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $19.0 million, net income $33.7 million. Guidance initiated.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $19.0 million
- Net income
- $33.7 million
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
whole-body ultrasound, today announced financial results for the quarter ended December 31, 2022, and provided a business update. Highlights ● Reported total revenue of $19.0 million for the fourth quarter ended December 31, 2022, flat to the fourth quarter ended December 31, 2021. Total Revenue of $73.4 million for the full year ended December 31, 2022,
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Butterfly Network, Inc. reported the full year ended December 31, 2022 results: revenue $73.4 million. Guidance initiated.
- Period
- the full year ended December 31, 2022
- Revenue
- $73.4 million
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Total Revenue of $73.4 million for the full year ended December 31, 2022, which represented 17.3% growth compared to the full year ended December 31, 2021.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.