---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-006389"
form_type: "8-K"
ticker: "BFLY"
cik: "0001804176"
company_name: "Butterfly Network, Inc."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:10:46.390699+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Butterfly Network Q1 rev $17.7M (+14% YoY), raises FY guide; discloses NYSE minimum price non-compliance

## Summary
- Q1 revenue $17.7M, up 14% YoY; net loss narrowed to $21.8M from $33.5M.
- Adjusted EBITDA loss $13.2M vs $22.3M a year ago; adjusted EPS ($0.07) vs ($0.11).
- Raises FY 2024 revenue guidance to $75-80M (15-20% growth), Adj. EBITDA loss $55-50M.
- Received NYSE notice: avg closing price below $1 for 30 days; six-month cure period.
- Launched Butterfly iQ3 (FDA cleared), received EU MDR certification, and introduced ScanLab training app.

## SEC filing metadata
- accession: 0001558370-24-006389
- form_type: 8-K
- ticker: BFLY
- cik: 0001804176
- company_name: Butterfly Network, Inc.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804176/000155837024006389/0001558370-24-006389-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804176/000155837024006389/bfly-20240426x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-006389
- JSON: https://secwatch.observer/filing/0001558370-24-006389.json
- Plain text: https://secwatch.observer/filing/0001558370-24-006389.txt

## Key facts
- Earnings Releases
  Butterfly Network, Inc. updated its the first quarter ended March 31, 2024 guidance (raised).
  - Period: the first quarter ended March 31, 2024
  - Guidance: raised
  - Result: reported results
  source text: On May 1, 2024, Butterfly Network, Inc. (the “Company”) issued a press release announcing its results for the first quarter ended March 31, 2024 and providing a business update.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804176/000155837024006389/0001558370-24-006389-index.htm
- Listing & Compliance Notices
  Butterfly Network, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).
  - Exchange: nyse
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 802.01C
  source text: April 26, 2024, the Company received a notification letter (the “Notice”) from the New York Stock Exchange (the “NYSE”) advising that because the average closing price of the Company’s common stock was less than $1.00 over a consecutive 30 trading-day period, it is not in compliance with Section 802.01C of the NYSE Listed Company Manual (“Section 802.01C”). The Company’s common stock will continue to be listed and traded on the NYSE, subject to the Company’s compliance with other NYSE continued listing standards. Pursuant to Section 802.01C, the Company has a period of six months following the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804176/000155837024006389/0001558370-24-006389-index.htm

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