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Butterfly Network, Inc. Stock Research

BFLY

1.05USD-0.07(-6.25%)Market Closed
Watchlist

Market Summary

USD1.05-0.07
Market Closed
-6.25%

BFLY Alerts

  • 1 major insider buys recently.
  • Losses in recent quarter

BFLY Stock Price

BFLY RSI Chart

BFLY Valuation

Market Cap

229.5M

Price/Earnings (Trailing)

-1.52

Price/Sales (Trailing)

3.16

EV/EBITDA

-0.44

Price/Free Cashflow

-1.53

BFLY Price/Sales (Trailing)

BFLY Profitability

Operating Margin

54.86%

EBT Margin

-215.13%

Return on Equity

-53.28%

Return on Assets

-41.34%

Free Cashflow Yield

-65.18%

BFLY Fundamentals

BFLY Revenue

Revenue (TTM)

72.6M

Revenue Y/Y

-3.79%

Revenue Q/Q

19.46%

BFLY Earnings

Earnings (TTM)

-150.7M

Earnings Y/Y

19.92%

Earnings Q/Q

14.52%

Price Action

52 Week Range

1.055.30
(Low)(High)

Last 7 days

-3.4%

Last 30 days

-39.8%

Last 90 days

-52.7%

Trailing 12 Months

-76.2%

BFLY Financial Health

Current Ratio

7.2

BFLY Investor Care

Shares Dilution (1Y)

2.76%

Diluted EPS (TTM)

-0.74

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for BFLY

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-25
Stoica Andrei G
sold
-3,976
1.205
-3,300
chief technology officer
2023-09-06
Stoica Andrei G
sold
-21,678
1.857
-11,674
chief technology officer
2023-08-30
DEVIVO JOSEPH
bought
18,100
1.81
10,000
president & ceo
2023-07-13
Getz Heather C
acquired
-
-
200,000
evp, cfo & coo
2023-07-05
Getz Heather C
sold
-143,482
2.188
-65,577
evp & chief financial officer
2023-07-05
Stoica Andrei G
sold
-99,845
2.188
-45,633
chief technology officer
2023-07-05
Weiss Lawrence T
sold
-60,509
2.188
-27,655
clo, gc and corp sec
2023-07-03
Stoica Andrei G
sold
-3,940
2.336
-1,687
chief technology officer
2023-06-23
Stoica Andrei G
sold
-7,060
2.1
-3,362
chief technology officer
2023-06-20
Schwartz Erica
acquired
-
-
65,789
-

1–10 of 50

Which funds bought or sold BFLY recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-20
BARCLAYS PLC
reduced
-21.12
-4,000
123,000
-%
2023-08-23
WOLVERINE TRADING, LLC
added
338
94,502
112,502
-%
2023-08-21
VisionPoint Advisory Group, LLC
new
-
575
575
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
added
15.01
113,770
393,270
-%
2023-08-21
OSAIC HOLDINGS, INC.
added
20.07
123,758
388,823
-%
2023-08-16
Nuveen Asset Management, LLC
added
3.58
221,000
1,044,000
-%
2023-08-16
Sunbelt Securities, Inc.
unchanged
-
3,612
12,588
-%
2023-08-15
Castleview Partners, LLC
unchanged
-
150
823
-%
2023-08-15
IMA Wealth, Inc.
unchanged
-
840
4,600
-%
2023-08-15
GOLDMAN SACHS GROUP INC
added
45.5
340,510
777,011
-%

1–10 of 43

Latest Funds Activity

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

Schedule 13G FIlings of Butterfly Network

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Sep 13, 2023
rothberg jonathan m
5.8%
10,474,911
SC 13D/A
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

Recent SEC filings of Butterfly Network

View All Filings
Date Filed Form Type Document
Sep 27, 2023
4
Insider Trading
Sep 25, 2023
144
Notice of Insider Sale Intent
Sep 13, 2023
SC 13D/A
13D - Major Acquisition
Sep 08, 2023
4
Insider Trading
Sep 06, 2023
144
Notice of Insider Sale Intent
Sep 01, 2023
4
Insider Trading
Aug 22, 2023
EFFECT
EFFECT
Aug 18, 2023
CORRESP
CORRESP
Aug 18, 2023
S-3/A
S-3/A
Aug 15, 2023
UPLOAD
UPLOAD

Butterfly Network News

InvestorsObserver
Should You Accumulate Butterfly Network Inc (BFLY) Stock Thursday?.
InvestorsObserver,
5 days ago
Investing.com UK
Nanalyze
Seeking Alpha

Returns for BFLY

Cumulative Returns on BFLY

-51.5%


3-Year Cumulative Returns

Risks for BFLY

What is the probability of a big loss on BFLY?

81.1%


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

80.5%


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

76.9%


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

Financials for Butterfly Network

Income Statement (Last 12 Months)
Income Statement (Last 12 Months)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q4
Revenue-1.0%72,564,00073,292,00073,390,00073,394,00068,397,00065,695,00062,565,00059,232,00054,746,00050,025,00046,252,00040,796,00040,924,00034,680,00027,583,000
Gross Profit0.9%40,556,00040,206,00039,460,00037,443,00021,332,00018,980,00017,054,00018,213,000-45,916,000-53,971,000-61,223,000-93,229,333-1,342,000-3,344,000-20,895,000
Operating Expenses-7.7%201,901,000218,742,000232,480,000226,768,000221,612,000207,492,000209,782,000187,846,000158,558,000136,887,000100,396,00092,648,00093,818,00094,692,00081,401,000
  S&GA Expenses-12.3%48,010,00054,720,00059,888,00062,505,00060,897,00054,999,00049,604,00043,406,00034,741,00030,156,00026,263,00023,210,66723,740,00023,660,00014,282,000
  R&D Expenses-9.2%74,555,00082,149,00089,121,00089,999,00088,499,00082,367,00074,461,00067,769,00058,086,00052,938,00049,738,00048,569,33348,912,00050,064,00048,934,000
EBITDA100.0%--150,466,000-162,744,000-145,368,000--72,960,000-29,547,000122,431,78443,905,784-183,275,901-160,249,000-62,067,845-93,728,000-96,216,000-
EBITDA Margin100.0%--2.05-2.22-1.98--1.11-0.472.070.80-3.66-3.46-1.52-2.29-2.77-
Interest Expenses---2,00016,000--651,0001,368,0001,668,0001,774,0001,141,000557,333236,00020,000-
Earnings Before Taxes4.5%-150,574,000-157,675,000-168,681,000-150,120,000-108,969,000-76,082,000-32,288,000-40,056,000-118,688,000-139,028,000-162,706,000-186,361,333-95,150,000-97,376,000-99,697,000
EBT Margin100.0%--2.15-2.30-2.05-1.59-1.16-0.522.010.74-3.73-3.52-1.56-2.33-2.81-3.61
Net Income4.5%-150,656,000-157,786,000-168,723,000-150,236,000-109,055,000-76,196,000-32,409,000-40,135,000-118,782,000-139,081,000-162,745,000-186,404,000-95,190,000-97,416,000-99,697,000
Net Income Margin100.0%--2.15-2.30-2.05-1.59-1.16-0.52-3.03-3.04-3.27-3.52-0.010.000.00-3.61
Free Cashflow100.0%--173,271,000-187,417,000-203,264,000-205,113,000-191,088,000-197,064,000-150,637,503-102,998,588-48,108,549-3,542,549-4,188,061-4,603,922-80,600,000-124,900,000
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q1
Assets-4.5%365382418443497535572580631647147415415-
  Current Assets-9.5%29232335737242647451254459160597.001.001.00-
    Cash Equivalents-13.9%16719416319331136042315320.0019.0060.0052.0073.00-
  Inventory25.1%87.0069.0060.0058.0066.0048.0036.0024.0047.0036.0026.00---
  Net PPE-4.1%29.0030.0031.0031.0029.0023.0015.009.007.007.007.00---
Liabilities1.6%87.0086.0092.0010011012312412918521114835.0027.00-
  Current Liabilities2.3%46.0045.0051.0046.0062.0051.0050.0045.0058.0052.0070.000.000.000.00
Shareholder's Equity-6.2%2782963253443874134484514464365.005.005.000.00
  Retained Earnings-4.6%-658-629-595-562-507-471-427-412-398-395-394-13.07-4.89-
  Additional Paid-In Capital1.1%93692692190689488487586384583233.0018.0010.000.00
Shares Outstanding1.1%205203-200199199-19619210610.006.006.009.00
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Last 12 Months)
(In Thousands)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q4
Cashflow From Operations11.1%-140,624-158,133-169,115-183,033-187,487-179,994-189,187-167,033-142,223-125,457-81,700-81,436-78,812-78,680-120,432
  Share Based Compensation1.7%38,62537,98642,53136,45737,77836,23047,79842,04633,69428,61911,00410,30310,69010,7326,038
Cashflow From Investing42.9%-8,227-14,418-93,779218,601470,895513,821-9,870-319,548-492,811-530,093-2,376-3,462-3,816-1,920-4,468
Cashflow From Financing-1.0%2,3082,3312,8815,13710,73015,974565,692592,221585,211604,39454,28033,81149,480616324

BFLY Income Statement

2023-06-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:    
Total revenue$ 18,487$ 19,215$ 33,963$ 34,789
Cost of revenue:    
Total cost of revenue7,5658,64313,95215,874
Gross profit10,92210,57220,01118,915
Operating expenses:    
Research and development15,62623,22032,27746,843
Sales and marketing9,72816,43819,76131,640
General and administrative14,66018,67725,67837,477
Other2,1726928,605942
Total operating expenses42,18659,02786,321116,902
Loss from operations(31,264)(48,455)(66,310)(97,987)
Interest income2,0272603,811270
Change in fair value of warrant liabilities62012,80541317,968
Other income (expense), net(60)(388)(44)(488)
Loss before provision for income taxes(28,677)(35,778)(62,130)(80,237)
Provision (benefit) for income taxes(6)238141
Net loss and comprehensive loss$ (28,671)$ (35,801)$ (62,211)$ (80,278)
Net loss per common share - basic$ (0.14)$ (0.18)$ (0.31)$ (0.40)
Net loss per common share - diluted$ (0.14)$ (0.18)$ (0.31)$ (0.40)
Weighted-average common shares outstanding - basic204,895,341199,399,356203,737,044199,200,909
Weighted-average common shares outstanding - diluted204,895,341199,399,356203,737,044199,200,909
Product    
Revenue:    
Total revenue$ 12,273$ 13,429$ 21,121$ 24,443
Cost of revenue:    
Total cost of revenue5,4876,7999,83612,947
Software and other services    
Revenue:    
Total revenue6,2145,78612,84210,346
Cost of revenue:    
Total cost of revenue$ 2,078$ 1,844$ 4,116$ 2,927

BFLY Balance Sheet

2023-06-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 166,806$ 162,561
Marketable securities 75,250
Accounts receivable, net17,78114,685
Inventories86,82559,970
Current portion of vendor advances10,20735,182
Prepaid expenses and other current assets10,2129,489
Total current assets291,831357,137
Property and equipment, net29,20931,331
Non-current portion of vendor advances15,441 
Operating lease assets20,56621,567
Other non-current assets7,5417,535
Total assets364,588417,570
Current liabilities:  
Accounts payable8,3867,211
Deferred revenue, current13,72515,856
Accrued purchase commitments, current5312,146
Accrued expenses and other current liabilities23,19726,116
Total current liabilities45,83951,329
Deferred revenue, non-current6,0264,957
Warrant liabilities4,9575,370
Operating lease liabilities28,69929,966
Other non-current liabilities1,362588
Total liabilities86,88392,210
Commitments and contingencies (Note 13)
Stockholders' equity:  
Additional paid-in capital935,833921,278
Accumulated deficit(658,149)(595,938)
Total stockholders' equity277,705325,360
Total liabilities and stockholders' equity364,588417,570
Class A Common Stock  
Stockholders' equity:  
Common stock1817
Class B Common Stock  
Stockholders' equity:  
Common stock$ 3$ 3
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.