Butterfly Network Q4 revenue $16.5M, net loss $44.1M; guides FY2024 low double-digit growth

Butterfly Network, Inc.

2023-FY EPS reported -$0.65 revenue$65,900,000

Q4 2023 revenue $16.5M, down 13% YoY; U.S. revenue $10.9M (-3% YoY), international $4.6M (-24%).
Net loss $44.1M vs. $33.7M; includes $21.9M inventory write-down. Adjusted EBITDA loss $15.7M vs. $27.7M.
Full year 2023 revenue $65.9M; completed $170M cost reduction reducing annual cash burn to ~$60M.
FY2024 guidance: low double-digit revenue growth, adjusted EBITDA loss of $60M-$50M.
Launched third-gen iQ3 and ScanLab education app in early 2024; cash $138.7M at year-end.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Butterfly Network, Inc. reported the fourth quarter and year ended December 31, 2023 results: revenue $16.5 million.

Period: the fourth quarter and year ended December 31, 2023
Revenue: $16.5 million
Result: reported results

Exact text from the filing

o ScanLabTM , an AI-powered educational application for ultrasound scanning practice. Three Months Ended December 31, 2023 Financial Results Revenue : Total revenue was $16.5 million, down from $19.0 million in the fourth quarter of 2022. U.S. revenue was $10.9 million, down 3% from prior year, driven by lower probe sales but partially offset by higher

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Source: SEC EDGAR

accession 0001558370-24-002019

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