Butterfly Network(US:BFLY)2023-02-28 13:42Financial Performance - Total revenue remained flat year-over-year at $19.0 million in Q4 2022[13] - Product revenue decreased by 12% in Q4 2022[13] - Subscription revenue increased by 38% in Q4 2022[13] - Gross profit was $9.6 million with a gross margin of 50.3% in Q4 2022[14] - Adjusted gross profit was $10.3 million with an adjusted gross margin of 54.5% in Q4 2022[14] - Adjusted EBITDA loss was ($29.3) million in Q4 2022[14] - Cash, cash equivalents, and marketable securities totaled $237.8 million[14] Future Outlook - The company anticipates revenue growth in the high teens to low 20 percent range for full year 2023[17] - The company expects an adjusted EBITDA loss between ($95) million and ($85) million for full year 2023[17] Strategic Initiatives - Butterfly aims to democratize healthcare by making medical imaging accessible to everyone[3] - The company is focused on expanding its solution to home healthcare, health systems, international markets, and veterinary medicine[5, 10, 11] - Butterfly is deploying its enterprise platform at scale across key reference sites[9]