secwatch.observer — SEC 8-K summary
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Issuer:     Butterfly Network, Inc. (BFLY)
CIK:        0001804176
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001558370-24-002019
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804176/000155837024002019/0001558370-24-002019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804176/000155837024002019/bfly-20240228x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-002019

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