BFLY Q1 2024 Earnings — Butterfly Network, Inc. Revenue & Financial Results | Market Cap Arena

BFLYButterfly Network, Inc.

$954M

Q1 2024 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$18M+14.1% YoY

Gross Profit

$10M58.2% margin

Operating Income

-$23M-128.1% margin

Net Income

-$22M-123.2% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

+6.9%

Cash Flow

Operating Cash Flow

-$21M

Free Cash Flow

-$22M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$284M

Total Liabilities

$80M

Stockholders' Equity

$204M

Cash & Equivalents

$113M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$18M	$15M	+14.1%
Gross Profit	$10M	$9M	+13.1%
Operating Income	-$23M	-$35M	+35.5%
Net Income	-$22M	-$34M	+35.1%

Revenue Segments

Product

$11M64%

Service, Other

$6M36%

Geographic Segments

United States

$14M78%

International

$4M22%