secwatch.observer — SEC 8-K summary
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Issuer:     Butterfly Network, Inc. (BFLY)
CIK:        0001804176
Form:       8-K
Filed at:   2025-05-02T23:59:59+00:00
Accession:  0001628280-25-021667
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804176/000162828025021667/0001628280-25-021667-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804176/000162828025021667/bfly-20250502.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-021667

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