secwatch.observer — SEC 8-K summary
======================================

Issuer:     Butterfly Network, Inc. (BFLY)
CIK:        0001804176
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001628280-25-008868
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804176/000162828025008868/0001628280-25-008868-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804176/000162828025008868/bfly-20250228.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-008868

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