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Dec 31, 2024
Butterfly Q4 2024 Earnings Report
Butterfly Network reported strong revenue growth and a reduced net loss in Q4 2024.
Key Takeaways
Butterfly Network delivered a record quarterly revenue of $22.4 million, up 35% YoY. The company significantly reduced its net loss by 59% and improved gross profit margins. A successful public offering strengthened its financial position, allowing investment in strategic initiatives.
Quarterly revenue reached a record $22.4 million, a 35% increase YoY.
Net loss improved by 59%, decreasing to $18.1 million.
Gross profit reached $13.7 million, reversing a loss in the prior year.
Successful capital raise added $81.7 million in net proceeds.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Butterfly Network expects continued revenue growth in 2025 while focusing on profitability improvements.
Positive Outlook
- Revenue guidance of $96 million to $100 million, representing approximately 20% growth.
- Continued expansion of software and enterprise offerings.
- Strong momentum from AI-powered ultrasound solutions.
- New partnerships in neuroscience and generative AI expected to drive revenue.
- Cash position strengthened by $81.7 million from recent capital raise.
Challenges Ahead
- Adjusted EBITDA loss projected between $37 million and $42 million.
- Operating expenses remain high despite reductions.
- Potential regulatory uncertainty in the EU due to RoHS compliance.
- Competitive pressures in the ultrasound market could impact pricing.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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