Financial Snapshot

Revenue
$76.22M
TTM
Gross Margin
25.09%
TTM
Net Earnings
-$98.51M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
466.19%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$181.8M
Q3 2024
Cash
Q3 2024
P/E
-7.159
Nov 29, 2024 EST
Free Cash Flow
-$56.49M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $65.90M $73.39M $62.57M $46.25M $27.58M
YoY Change -10.21% 17.3% 35.27% 67.68%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $65.90M $73.39M $62.57M $46.25M $27.58M
Cost Of Revenue $49.04M $33.93M $45.51M $107.5M $48.48M
Gross Profit $16.86M $39.46M $17.05M -$61.22M -$20.90M
Gross Profit Margin 25.58% 53.77% 27.26% -132.37% -75.75%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $88.69M $141.6M $135.3M $50.66M $32.47M
YoY Change -37.36% 4.63% 167.13% 56.03%
% of Gross Profit 526.14% 358.82% 793.49%
Research & Development $55.62M $89.12M $74.46M $49.74M $48.93M
YoY Change -37.59% 19.69% 49.71% 1.64%
% of Gross Profit 329.95% 225.85% 436.62%
Depreciation & Amortization $8.700M $5.935M $2.100M $1.300M $800.0K
YoY Change 46.59% 182.62% 61.54% 62.5%
% of Gross Profit 51.61% 15.04% 12.31%
Operating Expenses $162.5M $230.7M $209.8M $100.4M $81.40M
YoY Change -29.58% 9.98% 108.95% 23.34%
Operating Profit -$145.6M -$191.3M -$192.7M -$161.6M -$102.3M
YoY Change -23.86% -0.77% 19.25% 57.99%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $7.450M $24.24M $651.0K $1.141M
YoY Change -69.27% 3623.66% -42.94%
% of Operating Profit
Other Income/Expense, Net $18.16M $98.00K -$2.577M -$231.0K -$96.00K
YoY Change 18434.69% -103.8% 1015.58% 140.63%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$133.6M -$168.7M -$32.29M -$162.7M -$99.70M
YoY Change -20.79% 422.43% -80.16% 63.2%
Income Tax $82.00K $42.00K $121.0K $39.00K
% Of Pretax Income
Net Earnings -$133.7M -$168.7M -$32.41M -$162.7M -$99.70M
YoY Change -20.76% 420.61% -80.09% 63.24%
Net Earnings / Revenue -202.88% -229.9% -51.8% -351.87% -361.44%
Basic Earnings Per Share -$0.65 -$0.84 -$0.19 -$26.87 -$17.08
Diluted Earnings Per Share -$0.65 -$0.84 -$0.19 -$26.87 -$17.08

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $134.4M $237.8M $422.8M $200.0K
YoY Change -43.47% -43.76% 211320.5%
Cash & Equivalents $134.4M $162.6M $422.8M
Short-Term Investments $0.00 $75.25M
Other Short-Term Assets $10.39M $44.67M $40.88M $200.0K
YoY Change -76.75% 9.26% 20342.0%
Inventory $73.02M $59.97M $36.24M
Prepaid Expenses
Receivables $13.42M $14.69M $11.94M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $231.3M $357.1M $511.9M $300.0K
YoY Change -35.25% -30.23% 170534.67%
Property, Plant & Equipment $41.00M $52.90M $38.79M
YoY Change -22.5% 36.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $989.0K $1.882M $1.883M $414.3M
YoY Change -47.45% -0.05% -99.55%
Other Assets $20.71M $7.535M $19.39M
YoY Change 174.84% -61.14%
Total Long-Term Assets $73.01M $60.43M $60.06M $414.4M
YoY Change 20.81% 0.62% -85.51%
Total Assets $304.3M $417.6M $572.0M $414.7M
YoY Change
Accounts Payable $5.090M $7.211M $5.798M $2.800M
YoY Change -29.41% 24.37% 107.07%
Accrued Expenses $20.75M $28.26M $26.63M
YoY Change -26.59% 6.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $44.27M $51.33M $49.83M $2.800M
YoY Change -13.75% 3.01% 1679.61%
Long-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $39.95M $40.88M $74.45M $150.6M
YoY Change -2.28% -45.09% -50.57%
Total Long-Term Liabilities $39.95M $40.88M $74.45M $150.6M
YoY Change -2.28% -45.09% -50.57%
Total Liabilities $84.22M $92.21M $124.3M $153.4M
YoY Change -8.66% -25.8% -18.99%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 205.4M 199.8M 173.8M 6.057M 5.838M
Diluted Shares Outstanding 205.4M 199.8M 173.8M 6.057M 5.838M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $705.24 Million

About Butterfly Network, Inc.

Butterfly Network, Inc. designs a medical imaging device that reduces the cost of real-time and three-dimensional imaging and treatment. The company is headquartered in Burlington, Massachusetts and currently employs 225 full-time employees. The company went IPO on 2020-05-26. The firm is focused on transforming care through a combination of portable, semiconductor-based ultrasound technology, intuitive software, services, and educational offerings. The company has two portable ultrasound devices on the market: second-generation Butterfly iQ+ and third-generation Butterfly iQ3. Butterfly iQ+/iQ3 are both powered by its Ultrasound-on-Chip technology, allowing them to power whole-body imaging on a single handheld probe using digital semiconductor technology. The company offers cloud-based software solutions to healthcare systems, teleguidance, in-app educational tutorials, formal education programs through its Butterfly Academy software and Butterfly Certified courses, as well as professional services for large scale deployments. Within the Butterfly application, users can utilize up to six imaging modes, including B-Mode, Color Doppler, M-Mode, Power Doppler, Pulsed-Wave Doppler, and Biplane Imaging.

Industry: X-Ray Apparatus & Tubes & Related Irradiation Apparatus Peers: ABBOTT LABORATORIES Alphatec Holdings, Inc. CUTERA INC Cryoport, Inc. HESKA CORP LEMAITRE VASCULAR INC Varex Imaging Corp TREACE MEDICAL CONCEPTS, INC.