Butterfly Network Inc

For the period ended Mar 31, 2024. Filed May 1, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 1, 2024

BFLY$6.51-2.4%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(In thousands, except share and per share amounts)


· · Three months ended March 31, ·
· 2024 · 2023 ·
Revenue: · · · · ·
Product	$11,291	$8,848
Software and other services	6,365	6,628
Total revenue	17,656	15,476
Cost of revenue:
Product	5,096	4,349
Software and other services	2,284	2,038
Total cost of revenue	7,380	6,387
Gross profit	10,276	9,089
Operating expenses:
Research and development	10,720	16,651
Sales and marketing	10,378	10,034
General and administrative	10,442	11,019
Other	1,357	6,432
Total operating expenses	32,897	44,136
Loss from operations	(22,621)	(35,047)
Interest income	1,511	1,784
Interest expense	(300)	—
Change in fair value of warrant liabilities	(207)	(207)
Other (expense) income, net	(141)	17
Loss before provision for income taxes	(21,758)	(33,453)
Provision for income taxes	3	87
Net loss and comprehensive loss	$(21,761)	$(33,540)
Net loss per common share attributable to Class A and B common stockholders, basic and diluted	$(0.10)	$(0.17)
Weighted-average shares used to compute net loss per share attributable to Class A and B common stockholders, basic and diluted	208,873,449	202,565,877

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.