Butterfly Network Q1 revenue $21.2M (+20% YoY); net loss reduced 36%; reiterates FY guidance

Butterfly Network, Inc.

2025-Q1 EPS reported -$0.06 revenue$21,225,000

Revenue $21.2M (+20% YoY); U.S. revenue $16.6M (+24%) driven by iQ3 probe and partner chip sales.
Net loss improved to $14.0M from $21.8M; Adjusted EBITDA loss $9.1M vs $13.2M prior year.
Adjusted EPS $(0.04) vs $(0.07) prior year; Gross margin expanded to 63.0% from 58.2%.
Cash and equivalents $155.2M; raised $81.7M net in Jan 2025 public offering.
Reiterated FY2025 guidance: revenue $96-100M (~20% growth), Adj EBITDA loss $37-42M.

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