Butterfly Network Q4 revenue up 35% to $22.4M; net loss down 59%; guides FY2025 revenue $96-100M

Butterfly Network, Inc.

2024-FY EPS reported -$0.34 revenue$82,056,000

Q4 revenue $22.4M (+35% YoY); product revenue $14.7M (+45%); software revenue $7.6M (+20%).
Gross margin improved to 61.4% from negative 75.9%; adjusted gross margin 61.4% vs 56.6%.
Net loss $18.1M (down 59% from $44.1M); adjusted EBITDA loss $9.1M (down from $15.7M).
Completed public offering Jan 31, 2025 with $81.7M net proceeds; cash $92.8M at year-end.
FY2025 guidance: revenue $96-100M (~20% growth); adj. EBITDA loss $37-42M.

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