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Butterfly Q1 2025 Earnings Report
Butterfly Network reported its first quarter 2025 financial results, showing growth in revenue and reduced net loss compared to the previous year.
Key Takeaways
Butterfly Network, Inc. delivered on its quarterly revenue and EBITDA guidance, reporting a 20% year-over-year growth in revenue to $21.2 million and significantly reducing its net loss by 36%. The company also successfully raised $81.7 million in net proceeds through a public offering.
Quarterly Revenue of $21.2 million in Q1, representing 20% YoY growth.
Reduced Q1 Net Loss by 36% and Net Cash Used in Operations by 43%.
Raised $81.7 million of net proceeds through a public offering closed on January 31, 2025.
Initiated clinical phase of Butterfly HomeCare congestive heart failure pilot program.
Revenue by Segment
Forward Guidance
Butterfly Network reiterated its full-year revenue and Adjusted EBITDA guidance for Fiscal Year 2025.
Positive Outlook
- Reiterated full year Revenue guidance of $96 million to $100 million.
- Anticipated approximately 20% YoY revenue growth.
- Continued focus on strategic initiatives like Octiv™ and Butterfly HomeCare.
- Strong position to advance innovation and uphold technology leadership.
- Commitment to delivering consistent and meaningful results.
Challenges Ahead
- Adjusted EBITDA loss guidance of $37 million - $42 million.
- Uncertainty regarding non-cash component of employee compensation expense.
- Variances in supply chain could impact results.
- Impact of earnings or charges not reflective of ongoing operations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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