Market Summary
USD1.05-0.07
Market Closed-6.25%
BFLY Stock Price
BFLY RSI Chart
BFLY Valuation
BFLY Price/Sales (Trailing)
BFLY Profitability
BFLY Fundamentals
BFLY Revenue
BFLY Earnings
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
BFLY Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for BFLY
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 | - |
Which funds bought or sold BFLY recently?
View All Details| Datesorted ascending | Fund Name | Type | % 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 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Butterfly Network
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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
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/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 |
| Revenue | -1.0% | 72,564,000 | 73,292,000 | 73,390,000 | 73,394,000 | 68,397,000 | 65,695,000 | 62,565,000 | 59,232,000 | 54,746,000 | 50,025,000 | 46,252,000 | 40,796,000 | 40,924,000 | 34,680,000 | 27,583,000 |
| Gross Profit | 0.9% | 40,556,000 | 40,206,000 | 39,460,000 | 37,443,000 | 21,332,000 | 18,980,000 | 17,054,000 | 18,213,000 | -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% | 201,901,000 | 218,742,000 | 232,480,000 | 226,768,000 | 221,612,000 | 207,492,000 | 209,782,000 | 187,846,000 | 158,558,000 | 136,887,000 | 100,396,000 | 92,648,000 | 93,818,000 | 94,692,000 | 81,401,000 |
| S&GA Expenses | -12.3% | 48,010,000 | 54,720,000 | 59,888,000 | 62,505,000 | 60,897,000 | 54,999,000 | 49,604,000 | 43,406,000 | 34,741,000 | 30,156,000 | 26,263,000 | 23,210,667 | 23,740,000 | 23,660,000 | 14,282,000 |
| R&D Expenses | -9.2% | 74,555,000 | 82,149,000 | 89,121,000 | 89,999,000 | 88,499,000 | 82,367,000 | 74,461,000 | 67,769,000 | 58,086,000 | 52,938,000 | 49,738,000 | 48,569,333 | 48,912,000 | 50,064,000 | 48,934,000 |
| EBITDA | 100.0% | - | -150,466,000 | -162,744,000 | -145,368,000 | - | -72,960,000 | -29,547,000 | 122,431,784 | 43,905,784 | -183,275,901 | -160,249,000 | -62,067,845 | -93,728,000 | -96,216,000 | - |
| EBITDA Margin | 100.0% | - | -2.05 | -2.22 | -1.98 | - | -1.11 | -0.47 | 2.07 | 0.80 | -3.66 | -3.46 | -1.52 | -2.29 | -2.77 | - |
| Interest Expenses | - | - | - | 2,000 | 16,000 | - | - | 651,000 | 1,368,000 | 1,668,000 | 1,774,000 | 1,141,000 | 557,333 | 236,000 | 20,000 | - |
| Earnings Before Taxes | 4.5% | -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 Margin | 100.0% | - | -2.15 | -2.30 | -2.05 | -1.59 | -1.16 | -0.52 | 2.01 | 0.74 | -3.73 | -3.52 | -1.56 | -2.33 | -2.81 | -3.61 |
| Net Income | 4.5% | -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 Margin | 100.0% | - | -2.15 | -2.30 | -2.05 | -1.59 | -1.16 | -0.52 | -3.03 | -3.04 | -3.27 | -3.52 | -0.01 | 0.00 | 0.00 | -3.61 |
| Free Cashflow | 100.0% | - | -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) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 |
| Assets | -4.5% | 365 | 382 | 418 | 443 | 497 | 535 | 572 | 580 | 631 | 647 | 147 | 415 | 415 | - |
| Current Assets | -9.5% | 292 | 323 | 357 | 372 | 426 | 474 | 512 | 544 | 591 | 605 | 97.00 | 1.00 | 1.00 | - |
| Cash Equivalents | -13.9% | 167 | 194 | 163 | 193 | 311 | 360 | 423 | 153 | 20.00 | 19.00 | 60.00 | 52.00 | 73.00 | - |
| Inventory | 25.1% | 87.00 | 69.00 | 60.00 | 58.00 | 66.00 | 48.00 | 36.00 | 24.00 | 47.00 | 36.00 | 26.00 | - | - | - |
| Net PPE | -4.1% | 29.00 | 30.00 | 31.00 | 31.00 | 29.00 | 23.00 | 15.00 | 9.00 | 7.00 | 7.00 | 7.00 | - | - | - |
| Liabilities | 1.6% | 87.00 | 86.00 | 92.00 | 100 | 110 | 123 | 124 | 129 | 185 | 211 | 148 | 35.00 | 27.00 | - |
| Current Liabilities | 2.3% | 46.00 | 45.00 | 51.00 | 46.00 | 62.00 | 51.00 | 50.00 | 45.00 | 58.00 | 52.00 | 70.00 | 0.00 | 0.00 | 0.00 |
| Shareholder's Equity | -6.2% | 278 | 296 | 325 | 344 | 387 | 413 | 448 | 451 | 446 | 436 | 5.00 | 5.00 | 5.00 | 0.00 |
| Retained Earnings | -4.6% | -658 | -629 | -595 | -562 | -507 | -471 | -427 | -412 | -398 | -395 | -394 | -13.07 | -4.89 | - |
| Additional Paid-In Capital | 1.1% | 936 | 926 | 921 | 906 | 894 | 884 | 875 | 863 | 845 | 832 | 33.00 | 18.00 | 10.00 | 0.00 |
| Shares Outstanding | 1.1% | 205 | 203 | - | 200 | 199 | 199 | - | 196 | 192 | 106 | 10.00 | 6.00 | 6.00 | 9.00 |
Cashflow (Last 12 Months)(In Thousands)
| Cashflow (Last 12 Months) | (In Thousands) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 |
| Cashflow From Operations | 11.1% | -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 Compensation | 1.7% | 38,625 | 37,986 | 42,531 | 36,457 | 37,778 | 36,230 | 47,798 | 42,046 | 33,694 | 28,619 | 11,004 | 10,303 | 10,690 | 10,732 | 6,038 |
| Cashflow From Investing | 42.9% | -8,227 | -14,418 | -93,779 | 218,601 | 470,895 | 513,821 | -9,870 | -319,548 | -492,811 | -530,093 | -2,376 | -3,462 | -3,816 | -1,920 | -4,468 |
| Cashflow From Financing | -1.0% | 2,308 | 2,331 | 2,881 | 5,137 | 10,730 | 15,974 | 565,692 | 592,221 | 585,211 | 604,394 | 54,280 | 33,811 | 49,480 | 616 | 324 |
BFLY Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands | 3 Months Ended | 6 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 revenue | 7,565 | 8,643 | 13,952 | 15,874 |
| Gross profit | 10,922 | 10,572 | 20,011 | 18,915 |
| Operating expenses: | ||||
| Research and development | 15,626 | 23,220 | 32,277 | 46,843 |
| Sales and marketing | 9,728 | 16,438 | 19,761 | 31,640 |
| General and administrative | 14,660 | 18,677 | 25,678 | 37,477 |
| Other | 2,172 | 692 | 8,605 | 942 |
| Total operating expenses | 42,186 | 59,027 | 86,321 | 116,902 |
| Loss from operations | (31,264) | (48,455) | (66,310) | (97,987) |
| Interest income | 2,027 | 260 | 3,811 | 270 |
| Change in fair value of warrant liabilities | 620 | 12,805 | 413 | 17,968 |
| 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) | 23 | 81 | 41 |
| 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 - basic | 204,895,341 | 199,399,356 | 203,737,044 | 199,200,909 |
| Weighted-average common shares outstanding - diluted | 204,895,341 | 199,399,356 | 203,737,044 | 199,200,909 |
| Product | ||||
| Revenue: | ||||
| Total revenue | $ 12,273 | $ 13,429 | $ 21,121 | $ 24,443 |
| Cost of revenue: | ||||
| Total cost of revenue | 5,487 | 6,799 | 9,836 | 12,947 |
| Software and other services | ||||
| Revenue: | ||||
| Total revenue | 6,214 | 5,786 | 12,842 | 10,346 |
| Cost of revenue: | ||||
| Total cost of revenue | $ 2,078 | $ 1,844 | $ 4,116 | $ 2,927 |
BFLY Balance Sheet
2023-06-30CONDENSED 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, net | 17,781 | 14,685 |
| Inventories | 86,825 | 59,970 |
| Current portion of vendor advances | 10,207 | 35,182 |
| Prepaid expenses and other current assets | 10,212 | 9,489 |
| Total current assets | 291,831 | 357,137 |
| Property and equipment, net | 29,209 | 31,331 |
| Non-current portion of vendor advances | 15,441 | |
| Operating lease assets | 20,566 | 21,567 |
| Other non-current assets | 7,541 | 7,535 |
| Total assets | 364,588 | 417,570 |
| Current liabilities: | ||
| Accounts payable | 8,386 | 7,211 |
| Deferred revenue, current | 13,725 | 15,856 |
| Accrued purchase commitments, current | 531 | 2,146 |
| Accrued expenses and other current liabilities | 23,197 | 26,116 |
| Total current liabilities | 45,839 | 51,329 |
| Deferred revenue, non-current | 6,026 | 4,957 |
| Warrant liabilities | 4,957 | 5,370 |
| Operating lease liabilities | 28,699 | 29,966 |
| Other non-current liabilities | 1,362 | 588 |
| Total liabilities | 86,883 | 92,210 |
| Commitments and contingencies (Note 13) | ||
| Stockholders' equity: | ||
| Additional paid-in capital | 935,833 | 921,278 |
| Accumulated deficit | (658,149) | (595,938) |
| Total stockholders' equity | 277,705 | 325,360 |
| Total liabilities and stockholders' equity | 364,588 | 417,570 |
| Class A Common Stock | ||
| Stockholders' equity: | ||
| Common stock | 18 | 17 |
| Class B Common Stock | ||
| Stockholders' equity: | ||
| Common stock | $ 3 | $ 3 |
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.