secwatch.observer — SEC 8-K summary
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Issuer:     Butterfly Network, Inc. (BFLY)
CIK:        0001804176
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001558370-23-002249
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804176/000155837023002249/0001558370-23-002249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804176/000155837023002249/bfly-20230228x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-002249

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