---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-002249"
form_type: "8-K"
ticker: "BFLY"
cik: "0001804176"
company_name: "Butterfly Network, Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:30:47.631277+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Butterfly Network Q4 2022 revenue flat at $19M; guides FY2023 revenue growth high-teens to low-20%

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-002249
- form_type: 8-K
- ticker: BFLY
- cik: 0001804176
- company_name: Butterfly Network, Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804176/000155837023002249/0001558370-23-002249-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804176/000155837023002249/bfly-20230228x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-002249
- JSON: https://secwatch.observer/filing/0001558370-23-002249.json
- Plain text: https://secwatch.observer/filing/0001558370-23-002249.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804176/000155837023002249/0001558370-23-002249-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804176/000155837023002249/0001558370-23-002249-index.htm

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