BFLY Q1 2023 Earnings — Butterfly Network, Inc. Revenue & Financial Results | Market Cap Arena

BFLYButterfly Network, Inc.

$954M

Q1 2023 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$15M-0.6% YoY

Gross Profit

$9M58.7% margin

Operating Income

-$35M-226.5% margin

Net Income

-$34M-216.7% margin

EPS (Diluted)

$-0.17

QoQ Revenue Growth

-18.5%

Cash Flow

Operating Cash Flow

-$43M

Free Cash Flow

-$45M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$382M

Total Liabilities

$86M

Stockholders' Equity

$296M

Cash & Equivalents

$194M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$15M	$16M	-0.6%
Gross Profit	$9M	$8M	+9.0%
Operating Income	-$35M	-$50M	+29.2%
Net Income	-$34M	-$44M	+24.6%

Revenue Segments

Product

$9M57%

Service, Other

$7M43%

Geographic Segments

United States

$12M100%