Preliminary Results Announcement - Butterfly Network, Inc. announced preliminary results for the fourth quarter ended December 31, 2024[3] - The press release detailing the preliminary results was dated January 8, 2025[5] Press Release Details - The press release is incorporated by reference as Exhibit 99.1[3] - The press release is not subject to the liabilities of Section 18 of the Exchange Act[4] - The press release is not incorporated by reference in any filing under the Securities Act or the Exchange Act unless expressly set forth by specific reference[4] Regulatory Information - The information in Item 2.02 is not deemed "filed" for purposes of Section 18 of the Exchange Act[4] Report Filing and Signatory - The report was signed by Heather C. Getz, CPA, Executive Vice President and Chief Financial & Operations Officer[8] - The report was filed on January 8, 2025[8] Company Contact Information - The company's principal executive offices are located at 1600 District Avenue, Burlington, Massachusetts 01803[1] - The company's telephone number is (781) 557-4800[1]

The medical info systems industry is thriving on the growing demand for contactless services. The industry witnessed exponential growth during the pandemic era. Even in the post-pandemic period, remote healthcare, a paperless environment and distant treatment paved the way for digital services. At this stage, it will be prudent to invest in medical info system stocks for a stable portfolio in 2025. Five such stocks with a favorable Zacks Rank are: Inspire Medical Systems Inc. (INSP) , Omnicell Inc. (OMCL) , ...

Butterfly Network, Inc. (NYSE:BFLY) Q3 2024 Earnings Conference Call November 1, 2024 8:00 AM ET Company Participants Heather Getz – Chief Financial and Operations Officer Joseph DeVivo – Chairman and Chief Executive Officer Conference Call Participants Suraj Kalia – Oppenheimer Josh Jennings – TD Cowen Ben Haynor – Lake Street Capital Markets Operator Hello, everyone, and welcome to the Butterfly Network Q3 2024 Earnings Call. My name is Carla, and I will be coordinating your call today. [Operator Instruct ...

Butterfly Network, Inc. (BFLY) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post a loss of $0.10 per share when it actually produced a loss of $0.05, delivering a surprise of 50%.Over the last four quarters, the company has surpas ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39292 Butterfly Network, Inc. (Exact name of registrant as specified in its charter) Delaware 84-4618156 ...

Revenue Growth and Performance - Delivered quarterly revenue of $20.6 million, representing 33% YoY growth[1] - Product revenue increased 55% YoY to $13.5 million, driven by a 37% increase in units fulfilled[10] - Software and other services revenue increased 5% YoY to $7.0 million[10] - Total revenue for Q3 2024 increased to $20.56 million, up 33.3% from $15.42 million in Q3 2023[22] - Raised full-year revenue guidance to $79 million to $81 million, representing over 20% growth[14] Profitability and Gross Margin - Gross profit increased to $12.2 million, with gross margin decreasing to 59.5% from 60.8%[11] - Gross profit for Q3 2024 rose to $12.23 million, a 30.4% increase from $9.38 million in Q3 2023[22] - Adjusted gross margin for Q3 2024 was 60.0%, slightly down from 60.8% in Q3 2023[25] - Adjusted gross profit for Q3 2024 was $12.33 million, up 31.4% from $9.38 million in Q3 2023[25] Net Loss and Operating Expenses - Reduced Q3 net loss by 38% and net cash used in operations by 50%[1] - Net loss improved to $16.9 million from $27.4 million in the prior year period[13] - Net loss for Q3 2024 improved to $16.92 million, down 38.2% from $27.37 million in Q3 2023[22] - Operating expenses decreased 30% YoY to $29.5 million[12] - Total operating expenses for Q3 2024 were $29.48 million, a 29.7% reduction from $41.95 million in Q3 2023[22] - Research and development expenses for Q3 2024 decreased to $8.84 million, down 27.1% from $12.13 million in Q3 2023[22] - Net loss for Q3 2024 was $16.9 million, compared to $27.4 million in Q3 2023, showing a 38.2% improvement[26] - Adjusted net loss for Q3 2024 was $(10.2) million, compared to $(14.6) million in Q3 2023, a 30.1% improvement[26] Cash Flow and Financial Position - Cash, cash equivalents, and restricted cash totaled $97.8 million as of September 30, 2024[14] - Cash and cash equivalents decreased to $93.76 million as of September 30, 2024, from $134.44 million at the end of 2023[23] - Net cash used in operating activities for the first nine months of 2024 was $38.59 million, a 55.0% improvement from $85.72 million in the same period of 2023[24] - Accounts receivable increased to $20.62 million as of September 30, 2024, up 53.7% from $13.42 million at the end of 2023[23] Adjusted Metrics and Non-GAAP Measures - Adjusted EBITDA for Q3 2024 was $(8.4) million, compared to $(12.5) million in Q3 2023, reflecting a 32.4% improvement[26] - Adjusted EPS for Q3 2024 was $(0.05), compared to $(0.07) in Q3 2023, indicating a 28.6% improvement[26] - Stock-based compensation for Q3 2024 was $4.4 million, compared to $6.8 million in Q3 2023, a 35.3% decrease[26] - Interest income for Q3 2024 was $(1.2) million, compared to $(1.9) million in Q3 2023, a 35.8% decrease[26] - Depreciation and amortization for Q3 2024 was $2.6 million, compared to $4.0 million in Q3 2023, a 35.0% decrease[26] - Weighted average shares used to compute adjusted EPS for Q3 2024 was 212.8 million, compared to 206.7 million in Q3 2023, a 2.9% increase[26] Market Expansion and Product Launches - Launched iQ3 in Europe and opened new markets in Indonesia, the Netherlands, and Belgium[1]

Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. Has Butterfly Network, Inc. (BFLY) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Medical sector should help us answer this question. Butterfly Network, Inc. is a member of the Medical sector. This group includes 1019 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank gauges the s ...

Shares of Butterfly Network (BFLY) closed 26.9% higher on Sept. 4 after the company announced the commercial launch of its third-generation handheld point-of-care ultrasound system, Butterfly iQ3, in Europe. Investors are likely upbeat about the news due to the strong uptake of Butterfly iQ3 in the U.S. market following its February launch. Butterfly iQ3 received EU MDR certification in March and is fully compliant with the Restriction of Hazardous Substances Directive. The device will currently be availabl ...

As the month of September begins on a bearish note for the majority of assets in the stock market, investors are looking at shares to add to their portfolios that might offer potential for profit, and sometimes insider trading activity for certain stocks can help them decide. Specifically, there are two particular stocks that their company's staff or other related individuals have been buying relentlessly lately, spending millions on them and signaling that they strongly believe these shares are on track to ...

Butterfly Network, Inc. (NYSE:BFLY) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Heather Getz - Chief Financial and Operations Officer Joseph DeVivo - Chairman and CEO Conference Call Participants Josh Jennings - TD Cowen Suraj Kalia - Oppenheimer & Co. Operator Good evening. Thank you for attending the Butterfly Network Second Quarter 2024 Earnings Call. My name is Megan, and I'll be your moderator today. All lines will be muted during the presentation portion of the call ...