secwatch.observer — SEC 8-K summary
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Issuer:     Butterfly Network, Inc. (BFLY)
CIK:        0001804176
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001558370-23-013075
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Butterfly Network Q2 revenue $18.5M (-3.8%); net loss improves to $28.7M; reorganizes, cuts $2M/month
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- Revenue $18.5M, down 3.8% YoY; US up 21% to $14.3M, international down 44%.
- Net loss $28.7M vs $35.8M prior year; adjusted EBITDA loss $17.0M vs $37.1M.
- Completed reorganization cutting operating expenses by ~$2M/month; extends cash runway.
- Full-year 2023 guidance: revenue at least $64M, adjusted EBITDA loss $80M-$75M.
- Cash $171.2M at June 30; plans to launch Butterfly iQ3 probe next year and Butterfly Garden SDK.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804176/000155837023013075/0001558370-23-013075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804176/000155837023013075/bfly-20230803x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-013075

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