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Butterfly Network, Inc. Stock Research

BFLY

1.96USD+0.02(+1.03%)Delayed

Market Summary

USD1.96+0.02
Delayed
1.03%

BFLY Stock Price

BFLY RSI Chart

BFLY Valuation

Market Cap

392.3M

Price/Earnings (Trailing)

-2.61

Price/Sales (Trailing)

5.35

EV/EBITDA

-1.37

Price/Free Cashflow

-1.93

BFLY Price/Sales (Trailing)

BFLY Profitability

Operating Margin

51.02%

EBT Margin

-204.54%

Return on Equity

-43.72%

Return on Assets

-33.89%

Free Cashflow Yield

-51.81%

BFLY Fundamentals

BFLY Revenue

Revenue (TTM)

73.4M

Revenue Y/Y

34.18%

Revenue Q/Q

2.1%

BFLY Earnings

Earnings (TTM)

-150.2M

Earnings Y/Y

-303.67%

Earnings Q/Q

-52.91%

Price Action

52 Week Range

1.828.72
(Low)(High)

Last 7 days

-0.5%

Last 30 days

-14.0%

Last 90 days

-17.0%

Trailing 12 Months

-60.1%

BFLY Financial Health

Current Ratio

8.12

BFLY Investor Care

Shares Dilution (1Y)

2.08%

Diluted EPS (TTM)

-0.76

Financials for Butterfly Network

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue7.3%73,394,00068,397,00065,695,00062,565,00059,232,000
Gross Profit75.5%37,443,00021,332,00018,980,00017,054,00018,213,000
Operating Expenses2.3%226,768,000221,612,000207,492,000209,782,000187,846,000
  S&GA Expenses2.6%62,505,00060,897,00054,999,00049,604,00043,406,000
  R&D Expenses1.7%89,999,00088,499,00082,367,00074,461,00067,769,000
EBITDA-99.2%-145,368,000-72,960,000-29,547,000122,431,784-
EBITDA Margin-78.3%-1.98-1.11-0.472.07-
Earnings Before Taxes-37.8%-150,120,000-108,969,000-76,082,000-32,288,000-40,056,000
EBT Margin-28.4%-2.05-1.59-1.16-0.522.01
Interest Expenses-97.5%16,000651,0001,368,000--
Net Income-37.8%-150,236,000-109,055,000-76,196,000-32,409,000-40,135,000
Net Income Margin-28.4%-2.05-1.59-1.16-0.52-3.03
Free Cahsflow0.9%-203,264,000-205,113,000-191,088,000-197,064,000-150,637,503
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-10.7%443497535572580
  Current Assets-12.5%372426474512544
    Cash Equivalents-37.8%193311360423153
  Inventory-12.1%58.0066.0048.0036.0024.00
  Net PPE9.8%31.0029.0023.0015.009.00
Liabilities-9.4%100110123124129
  Current Liabilities-26.2%46.0062.0051.0050.0045.00
Shareholder's Equity-11.1%344387413448451
  Retained Earnings-10.8%-562-507-471-427-412
  Additional Paid-In Capital1.3%906894884875863
Accumulated Depreciation-5.00----
Shares Outstanding0.4%200199199196-
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations2.4%-183-187-179-189-167
  Share Based Compensation-3.5%36.0038.0036.0048.0042.00
Cashflow From Investing-53.6%219471514-9.87-319
Cashflow From Financing-52.1%5.0011.0016.00566592

Risks for BFLY

What is the probability of a big loss on BFLY?

77.3%


Probability that Butterfly Network stock will be more than 20% underwater in next one year

76.6%


Probability that Butterfly Network stock will be more than 30% underwater in next one year.

72.3%


Probability that Butterfly Network stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BFLY drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Butterfly Network was unfortunately bought at previous high price.

Drawdowns

Returns for BFLY

Cumulative Returns on BFLY

Which funds bought or sold BFLY recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
new
-
25,584
25,584
-%
2023-03-10
BAILLIE GIFFORD & CO
added
2.5
-4,528,530
5,241,470
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.04
-36,367
39,633
-%
2023-03-06
Rockefeller Capital Management L.P.
added
1,600
18,000
20,000
-%
2023-02-28
Voya Investment Management LLC
unchanged
-
-114,704
126,296
-%
2023-02-24
SRS Capital Advisors, Inc.
added
11.31
-395
605
-%
2023-02-24
Bridgewealth Advisory Group, LLC
new
-
73,830
73,830
0.14%
2023-02-21
Wallace Advisory Group, LLC
new
-
25,427
25,427
0.02%
2023-02-21
MACQUARIE GROUP LTD
sold off
-
-12,000
-
-%
2023-02-17
Compass Wealth Management LLC
new
-
1,230
1,230
-%

1–10 of 45

Latest Funds Activity

Are funds buying BFLY calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own BFLY
No. of Funds

Butterfly Network News

MarketBeat

Andrei G. Stoica Sells 9239 Shares of Butterfly Network, Inc. (NYSE ....

MarketBeat,
18 hours ago

GuruFocus.com

Schedule 13G FIlings of Butterfly Network

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
fosun industrial co., ltd
6.2%
10,716,630
SC 13G/A
Feb 14, 2023
glenview capital management, llc
5.54%
9,746,834
SC 13D/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
6.92%
12,052,848
SC 13G/A
Feb 01, 2023
blackrock inc.
6.0%
10,448,729
SC 13G/A
Sep 16, 2022
rothberg jonathan m
6.05%
10,479,298
SC 13D/A
Mar 28, 2022
rothberg jonathan m
6.1%
10,409,422
SC 13D/A
Mar 11, 2022
longview investors llc
2.89%
4,964,751
SC 13D/A
Feb 09, 2022
vanguard group inc
7.72%
13,179,593
SC 13G
Feb 09, 2022
fmr llc
-
0
SC 13G

BFLY Fair Value

Butterfly Network fair value in different scenarios

The table shows the Fair Value estimates for Butterfly Network for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

0.47

-76.02%

0.53

-72.96%

0.65

-66.84%

0.79

-59.69%

0.94

-52.04%
Current Inflation

0.47

-76.02%

0.52

-73.47%

0.62

-68.37%

0.75

-61.73%

0.88

-55.10%
Very High Inflation

0.46

-76.53%

0.51

-73.98%

0.59

-69.90%

0.70

-64.29%

0.80

-59.18%

Historical Butterfly Network Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Butterfly Network

View All Filings
Date Filed Form Type Document
Mar 24, 2023
4
Insider Trading
Mar 23, 2023
10-K
Annual Report
Mar 17, 2023
424B3
Prospectus Filed
Mar 17, 2023
424B3
Prospectus Filed
Mar 17, 2023
8-K
Current Report
Mar 10, 2023
8-K
Current Report
Mar 07, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading

Latest Insider Trading transactions for BFLY

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-06
Stoica Andrei G
sold
-71,892
2.2491
-31,965
chief technology officer
2023-03-01
Getz Heather C
acquired
-
-
885,000
evp & chief financial officer
2023-03-01
Stoica Andrei G
acquired
-
-
690,000
chief technology officer
2023-03-01
Weiss Lawrence T
acquired
-
-
626,000
clo, gc and corp sec
2023-02-13
Martin John David
sold
-11,683
2.4135
-4,841
chief medical officer
2023-01-03
Stoica Andrei G
back to issuer
-3,540
2.4036
-1,473
chief technology officer
2022-12-19
Shahida Darius
sold
-63,445
2.3599
-26,885
chief strategy/bus dev officer
2022-12-14
Quander Troy
sold
-980
2.6214
-374
svp, regulatory and quality
2022-10-03
Stoica Andrei G
sold
-22,740
4.7613
-4,776
chief technology officer
2022-09-19
Shahida Darius
sold
-110,630
5.4933
-20,139
chief strategy/bus dev officer

1–10 of 50

Todd M. Fruchterman
460
Butterfly Network, Inc., a digital health company, develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+, a point-of-care ultrasound imaging device that connects with a smartphone, tablet, and hospital computer system; and Butterfly Blueprint, a system-wide ultrasound platform with Compass software that integrates into a healthcare system's clinical and administrative infrastructure. The company also provides Butterfly system, which includes probes, and related accessories and software subscriptions, to healthcare systems, physicians, and healthcare providers through a direct sales force, distributors, and eCommerce channel. In addition, it offers cloud-based software solutions to healthcare systems, teleguidance, in-app educational tutorials, and formal education programs through its Butterfly Academy software, as well as clinical support and services. Butterfly Network, Inc. was incorporated in 2011 and is headquartered in Guilford, Connecticut.

BFLY Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:   
Total revenue$ 73,390$ 62,565$ 46,252
Cost of revenue:   
Total cost of revenue33,93045,511107,475
Gross profit (loss)39,46017,054(61,223)
Operating expenses:   
Research and development89,12174,46149,738
Sales and marketing59,88849,60426,263
General and administrative83,47185,71724,395
Total operating expenses232,480209,782100,396
Loss from operations(193,020)(192,728)(161,619)
Interest income3,3842,573285
Interest expense(2)(651)(1,141)
Change in fair value of warrant liabilities20,859161,095 
Other income (expense), net98(2,577)(231)
Loss before provision for income taxes(168,681)(32,288)(162,706)
Provision for income taxes4212139
Net loss and comprehensive loss$ (168,723)$ (32,409)$ (162,745)
Net loss per common share - basic$ (0.84)$ (0.19)$ (26.87)
Net loss per common share - diluted$ (0.84)$ (0.19)$ (26.87)
Weighted-average common shares outstanding - basic199,848,386173,810,0536,056,574
Weighted-average common shares outstanding - diluted199,848,386173,810,0536,056,574
Product   
Revenue:   
Total revenue$ 50,263$ 47,868$ 38,347
Cost of revenue:   
Total cost of revenue26,80429,30846,294
Software and other services   
Revenue:   
Total revenue23,12714,6977,905
Cost of revenue:   
Total cost of revenue$ 7,1262,2381,068
Loss on product purchase commitments   
Cost of revenue:   
Total cost of revenue $ 13,965$ 60,113

BFLY Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 162,561$ 422,841
Marketable securities75,250 
Accounts receivable, net14,68511,936
Inventories59,97036,243
Current portion of vendor advances35,18227,500
Prepaid expenses and other current assets9,48913,384
Total current assets357,137511,904
Property and equipment, net31,33114,703
Non-current portion of vendor advances 12,782
Operating lease assets21,56724,083
Other non-current assets7,5358,493
Total assets417,570571,965
Current liabilities:  
Accounts payable7,2115,798
Deferred revenue, current15,85613,071
Accrued purchase commitments, current2,1465,329
Accrued expenses and other current liabilities26,11625,631
Total current liabilities51,32949,829
Deferred revenue, non-current4,9575,476
Warrant liabilities5,37026,229
Accrued purchase commitments, non-current 14,200
Operating lease liabilities29,96627,690
Other non-current liabilities588850
Total liabilities92,210124,274
Commitments and contingencies (Note 19)
Stockholders' equity:  
Additional paid-in capital921,278874,886
Accumulated deficit(595,938)(427,215)
Total stockholders' equity325,360447,691
Total liabilities and stockholders' equity417,570571,965
Class A Common Stock  
Stockholders' equity:  
Common stock1717
Class B Common Stock  
Stockholders' equity:  
Common stock$ 3$ 3