Butterfly Network Inc (BFLY) Faces Headwinds Amid Transition: A Dive into Q4 2023 Earnings [Yahoo! Finance]
Butterfly Network, Inc. Class A (BFLY)
Company Research
Source: Yahoo! Finance
Gross Margin : Adjusted gross margin improved to 56.6% from 54.5% year-over-year, despite a gross loss due to inventory write-down. Operating Expenses : Operating expenses decreased by 42% year-over-year to $34.2 million, reflecting cost rationalization efforts. Net Loss : Net loss widened to $44.1 million in Q4 2023 from $33.7 million in Q4 2022. Adjusted EBITDA : Adjusted EBITDA loss improved to $15.7 million from $27.7 million year-over-year. Liquidity : Cash, cash equivalents, and restricted cash totaled $138.7 million as of December 31, 2023. Warning! GuruFocus has detected 5 Warning Signs with BFLY. On February 28, 2024, Butterfly Network Inc ( NYSE:BFLY ) released its 8-K filing , detailing the financial results for the fourth quarter and full year ended December 31, 2023. The company, known for its innovative handheld ultrasound technology, faced a challenging year with a strategic focus on cost savings and product development. Company Overview Butterfly Netwo
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BFLY
News
- This Startup's AI Designs Enzymes That Can Eat Plastic Waste [Forbes]Forbes
- Butterfly Network, Inc. (NYSE:BFLY) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Butterfly Network Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Butterfly Network Reports First Quarter 2024 Financial ResultsBusiness Wire
- ThinkSono Releases Real-Time DVT AI Training Solution for Butterfly Network's Handheld Ultrasound Devices [Yahoo! Finance]Yahoo! Finance
BFLY
Earnings
- 5/1/24 - Beat
BFLY
Sec Filings
- 5/3/24 - Form 144
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- BFLY's page on the SEC website