BFLY Q2 2023 Earnings — Butterfly Network, Inc. Revenue & Financial Results | Market Cap Arena

BFLYButterfly Network, Inc.

$954M

Q2 2023 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$18M-3.8% YoY

Gross Profit

$11M59.1% margin

Operating Income

-$31M-169.1% margin

Net Income

-$29M-155.1% margin

EPS (Diluted)

$-0.14

QoQ Revenue Growth

+19.5%

Cash Flow

Operating Cash Flow

-$26M

Free Cash Flow

-$27M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$365M

Total Liabilities

$87M

Stockholders' Equity

$278M

Cash & Equivalents

$167M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$18M	$19M	-3.8%
Gross Profit	$11M	$11M	+3.3%
Operating Income	-$31M	-$48M	+35.5%
Net Income	-$29M	-$36M	+19.9%

Revenue Segments

Product

$12M66%

Service, Other

$6M34%

Geographic Segments

United States

$15M100%