secwatch.observer — SEC 8-K summary
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Issuer:     Butterfly Network, Inc. (BFLY)
CIK:        0001804176
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001558370-24-006389
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804176/000155837024006389/0001558370-24-006389-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804176/000155837024006389/bfly-20240426x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-006389

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