secwatch.observer — SEC 8-K summary
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Issuer:     Butterfly Network, Inc. (BFLY)
CIK:        0001804176
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001558370-24-014079
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Butterfly Network Q3 revenue $20.6M (+33% YoY), raises FY 2024 guidance
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- Q3 revenue $20.6M (+33% YoY); net loss improved 38% to $16.9M; adjusted EBITDA loss $8.4M.
- Cash and restricted cash $97.8M; operating cash use reduced 50% YoY.
- Raised FY 2024 revenue guidance to $79-81M (over 20% growth) and improved adjusted EBITDA guidance to ($42M)-($40M).
- Formed Octiv, a wholly owned subsidiary to commercialize Butterfly's chip in new sectors.
- Launched iQ3 in Europe; opened markets in Indonesia, Netherlands, and Belgium.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804176/000155837024014079/0001558370-24-014079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804176/000155837024014079/bfly-20241101x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-014079

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