$BFLY
Butterfly Network, Inc.

2021 Q3 Form 10-Q Financial Statement

#000155837021015970 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3 2020 Q2
Revenue $14.62M $10.14M $11.79M
YoY Change 44.26%
Cost Of Revenue $19.74M $79.39M $11.63M
YoY Change -75.13%
Gross Profit -$5.122M -$69.25M $165.0K
YoY Change -92.6%
Gross Profit Margin -35.03% -683.29% 1.4%
Selling, General & Admin $30.21M $10.61M $11.30M
YoY Change 184.85%
% of Gross Profit 6846.06%
Research & Development $21.65M $11.97M $11.94M
YoY Change 80.89%
% of Gross Profit 7236.36%
Depreciation & Amortization $505.0K
YoY Change
% of Gross Profit
Operating Expenses $51.87M $22.58M $23.24M
YoY Change 129.72%
Operating Profit -$56.99M -$91.83M -$23.07M
YoY Change -37.94%
Interest Expense $43.85M $300.0K $113.0K
YoY Change 14517.0%
% of Operating Profit
Other Income/Expense, Net -$428.0K -$84.00K -$70.00K
YoY Change 409.52%
Pretax Income -$13.56M -$92.20M -$23.23M
YoY Change -85.29%
Income Tax -$3.000K $12.00K $10.00K
% Of Pretax Income
Net Earnings -$13.56M -$92.21M -$23.24M
YoY Change -85.29%
Net Earnings / Revenue -92.75% -909.8% -197.09%
Basic Earnings Per Share -$0.07 -$15.20
Diluted Earnings Per Share -$0.07 -$15.20 -$1.227K
COMMON SHARES
Basic Shares Outstanding 196.1M 6.066M 6.034M
Diluted Shares Outstanding 196.1M 6.066M

Balance Sheet

Concept 2021 Q3 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $468.4M $800.0K $900.0K
YoY Change 58453.13%
Cash & Equivalents $153.3M $51.69M $73.43M
Short-Term Investments $315.1M
Other Short-Term Assets $41.73M $200.0K $300.0K
YoY Change 20764.0%
Inventory $23.82M
Prepaid Expenses
Receivables $9.538M
Other Receivables $0.00
Total Short-Term Assets $543.5M $999.7K $1.250M
YoY Change 54267.19%
LONG-TERM ASSETS
Property, Plant & Equipment $9.368M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.883M $414.2M $414.1M
YoY Change -99.55%
Other Assets $6.838M
YoY Change
Total Long-Term Assets $36.81M $414.2M $414.1M
YoY Change -91.11%
TOTAL ASSETS
Total Short-Term Assets $543.5M $999.7K $1.250M
Total Long-Term Assets $36.81M $414.2M $414.1M
Total Assets $580.3M $415.2M $415.3M
YoY Change 39.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.017M
YoY Change
Accrued Expenses $26.96M $280.7K $67.67K
YoY Change 9506.33%
Deferred Revenue $12.02M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.17M $309.8K $14.60M
YoY Change 14478.4%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.013M
YoY Change
Total Long-Term Liabilities $8.013M $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $45.17M $309.8K $14.60M
Total Long-Term Liabilities $8.013M $0.00 $0.00
Total Liabilities $129.1M $14.80M $14.56M
YoY Change 772.02%
SHAREHOLDERS EQUITY
Retained Earnings -$412.0M -$391.1K -$64.10K
YoY Change 105234.22%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $451.3M -$343.9M -$254.3M
YoY Change
Total Liabilities & Shareholders Equity $580.3M $415.2M $415.3M
YoY Change 39.76%

Cashflow Statement

Concept 2021 Q3 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income -$13.56M -$92.21M -$23.24M
YoY Change -85.29%
Depreciation, Depletion And Amortization $505.0K
YoY Change
Cash From Operating Activities -$46.48M -$150.0K -$390.0K
YoY Change 30887.33%
INVESTING ACTIVITIES
Capital Expenditures -$1.997M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $174.6M $0.00 -$414.0M
YoY Change
Cash From Investing Activities $172.6M $0.00 -$414.0M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.628M 0.000 415.3M
YoY Change
NET CHANGE
Cash From Operating Activities -46.48M -150.0K -390.0K
Cash From Investing Activities 172.6M 0.000 -414.0M
Cash From Financing Activities 7.628M 0.000 415.3M
Net Change In Cash 133.7M -150.0K 910.0K
YoY Change -89247.33%
FREE CASH FLOW
Cash From Operating Activities -$46.48M -$150.0K -$390.0K
Capital Expenditures -$1.997M
Free Cash Flow -$44.48M
YoY Change

Facts In Submission

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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Net Cash Provided By Used In Investing Activities
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-319769000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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bfly Proceeds From Exercise Of Stock Options And Warrants
ProceedsFromExerciseOfStockOptionsAndWarrants
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bfly Proceeds From Exercise Of Stock Options And Warrants
ProceedsFromExerciseOfStockOptionsAndWarrants
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bfly Proceeds From Equity Infusion From Business Combination Net
ProceedsFromEquityInfusionFromBusinessCombinationNet
548403000
bfly Proceeds From Equity Infusion From Business Combination Net
ProceedsFromEquityInfusionFromBusinessCombinationNet
0
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
4317000
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
20650000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4366000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
563299000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
25358000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
97120000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-38316000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
60206000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
90002000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
157326000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51686000
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
153326000
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
51686000
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
157326000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51686000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14621000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10135000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43578000
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 10pt 0pt;">Concentration of Credit Risk</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 10pt 0pt;">Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash and cash equivalents, marketable securities and accounts receivable. At September 30, 2021, substantially all of the Company’s marketable securities were invested in mutual funds with one financial institution. At September 30, 2021 and December 31, 2020, substantially all of the Company’s cash and cash equivalents were invested in money market accounts at one financial institution. The Company also maintains balances in various operating accounts above federally insured limits. The Company has not experienced significant losses on such accounts and does not believe it is exposed to any significant credit risk on cash and cash equivalents and marketable securities.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 10pt 0pt;">As of September 30, 2021 and December 31, 2020, no customer accounts for more than 10% of the Company’s accounts receivable. For the three and nine months ended September 30, 2021 and 2020, no customer accounts for more than 10% of the total revenues.</p>
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10135000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43578000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
30597000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 10pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 10pt 0pt;">The Company makes estimates and assumptions about future events that affect the amounts reported in its condensed consolidated financial statements and accompanying notes. Future events and their effects cannot be determined with certainty. On an ongoing basis, management evaluates these estimates, judgments and assumptions.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 10pt 0pt;">The Company bases its estimates on historical and anticipated results and trends and on various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. Changes in estimates are recorded in the period in which they become known. Actual results could differ from those estimates, and any such differences may be material to the Company’s condensed consolidated financial statements. Except with respect to estimates related to the warrant liabilities, there have been no material changes to the Company’s use of estimates as described in the audited consolidated financial statements as of December 31, 2020.</p>
CY2021Q3 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-200000
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-200000
CY2021Q1 bfly Merger Agreement Right To Receive Shares At Effective Time Upon Conversion
MergerAgreementRightToReceiveSharesAtEffectiveTimeUponConversion
1.0383
CY2021Q1 bfly Business Combination Increase In Cash
BusinessCombinationIncreaseInCash
589500000
CY2021Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
11400000
CY2021Q1 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
30900000
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
186500000
CY2021Q1 bfly Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Warrant Liability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedWarrantLiability
187300000
CY2021Q1 bfly Business Combination Additional Proceeds
BusinessCombinationAdditionalProceeds
600000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14621000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
30597000
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
9538000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5752000
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
12015000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8443000
CY2021Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
4878000
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2790000
bfly Duration For Payment Terms
DurationForPaymentTerms
P30D
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
400000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
600000
CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4300000
CY2020Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
900000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7200000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2800000
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
21800000
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.60
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.40
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3129000
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
8269000
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
7688000
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1146000
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
865000
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
14405000
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
17252000
CY2021Q3 us-gaap Inventory Net
InventoryNet
23820000
CY2020Q4 us-gaap Inventory Net
InventoryNet
25805000
CY2021Q3 us-gaap Inventory Write Down
InventoryWriteDown
600000
us-gaap Inventory Write Down
InventoryWriteDown
600000
CY2021Q3 bfly Utilization Of Loss On Product Purchase Commitments
UtilizationOfLossOnProductPurchaseCommitments
35000000.0
CY2020Q3 us-gaap Inventory Write Down
InventoryWriteDown
6300000
us-gaap Inventory Write Down
InventoryWriteDown
6900000
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14160000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10268000
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4792000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3398000
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9368000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6870000
CY2021Q3 us-gaap Security Deposit
SecurityDeposit
1883000
CY2020Q4 us-gaap Security Deposit
SecurityDeposit
1888000
CY2021Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4000000
CY2020Q4 us-gaap Deferred Costs
DeferredCosts
3711000
CY2021Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
955000
CY2021Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6838000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5599000
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12942000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5968000
CY2021Q3 us-gaap Deposit Liability Current
DepositLiabilityCurrent
1174000
CY2020Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
1177000
CY2021Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
303000
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
646000
CY2021Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
2341000
CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
3695000
CY2021Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2920000
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
5432000
CY2020Q4 bfly Vendor Settlements
VendorSettlements
2975000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2069000
CY2021Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
22809000
CY2020Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
21962000
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1161000
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1524000
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1826000
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
876000
CY2021Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
123000
CY2020Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
526000
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-103000
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
2037000
CY2021Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
168000
CY2020Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
342000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
607000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1205000
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1116000
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1708000
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1116000
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1708000
CY2020Q4 bfly Number Of Series Of Convertible Preferred Stock
NumberOfSeriesOfConvertiblePreferredStock
4
CY2020Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
107197118
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10734000
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2379000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
38769000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7727000
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
13561000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13561000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
196095192
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
196095192
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
92208000
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-92208000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6066117
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6066117
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-15.20
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
17193000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-17193000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
165656408
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
165656408
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
139803000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-139803000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6026658
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6026658
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-23.20
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
41756164
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
132477605
CY2020 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
50000000.0
CY2020 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
49900000
us-gaap Interest Expense Debt
InterestExpenseDebt
600000
us-gaap Interest Expense Debt
InterestExpenseDebt
400000
CY2021Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
0.0
CY2020Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
300000
CY2021Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-43000000.0
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-130500000
CY2021Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
900000
CY2020Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
500000
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2000000.0
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1300000
CY2021Q3 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
7200000
CY2020Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
1000000.0
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
298000
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2453000
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3832000
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4528000
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
4672000
CY2021Q3 bfly Operating Lease Future Minimum Payments Due Year Four And After Year Four
OperatingLeaseFutureMinimumPaymentsDueYearFourAndAfterYearFour
27081000
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
42864000

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