Last 7 days
-0.5%
Last 30 days
-14.0%
Last 90 days
-17.0%
Trailing 12 Months
-60.1%
Income Statement (Last 12 Months) | ||||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Revenue | 7.3% | 73,394,000 | 68,397,000 | 65,695,000 | 62,565,000 | 59,232,000 |
Gross Profit | 75.5% | 37,443,000 | 21,332,000 | 18,980,000 | 17,054,000 | 18,213,000 |
Operating Expenses | 2.3% | 226,768,000 | 221,612,000 | 207,492,000 | 209,782,000 | 187,846,000 |
S&GA Expenses | 2.6% | 62,505,000 | 60,897,000 | 54,999,000 | 49,604,000 | 43,406,000 |
R&D Expenses | 1.7% | 89,999,000 | 88,499,000 | 82,367,000 | 74,461,000 | 67,769,000 |
EBITDA | -99.2% | -145,368,000 | -72,960,000 | -29,547,000 | 122,431,784 | - |
EBITDA Margin | -78.3% | -1.98 | -1.11 | -0.47 | 2.07 | - |
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 | -0.52 | 2.01 |
Interest Expenses | -97.5% | 16,000 | 651,000 | 1,368,000 | - | - |
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 Cahsflow | 0.9% | -203,264,000 | -205,113,000 | -191,088,000 | -197,064,000 | -150,637,503 |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Assets | -10.7% | 443 | 497 | 535 | 572 | 580 |
Current Assets | -12.5% | 372 | 426 | 474 | 512 | 544 |
Cash Equivalents | -37.8% | 193 | 311 | 360 | 423 | 153 |
Inventory | -12.1% | 58.00 | 66.00 | 48.00 | 36.00 | 24.00 |
Net PPE | 9.8% | 31.00 | 29.00 | 23.00 | 15.00 | 9.00 |
Liabilities | -9.4% | 100 | 110 | 123 | 124 | 129 |
Current Liabilities | -26.2% | 46.00 | 62.00 | 51.00 | 50.00 | 45.00 |
Shareholder's Equity | -11.1% | 344 | 387 | 413 | 448 | 451 |
Retained Earnings | -10.8% | -562 | -507 | -471 | -427 | -412 |
Additional Paid-In Capital | 1.3% | 906 | 894 | 884 | 875 | 863 |
Accumulated Depreciation | - | 5.00 | - | - | - | - |
Shares Outstanding | 0.4% | 200 | 199 | 199 | 196 | - |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Cashflow From Operations | 2.4% | -183 | -187 | -179 | -189 | -167 |
Share Based Compensation | -3.5% | 36.00 | 38.00 | 36.00 | 48.00 | 42.00 |
Cashflow From Investing | -53.6% | 219 | 471 | 514 | -9.87 | -319 |
Cashflow From Financing | -52.1% | 5.00 | 11.00 | 16.00 | 566 | 592 |
77.3%
76.6%
72.3%
Y-axis is the maximum loss one would have experienced if Butterfly Network was unfortunately bought at previous high price.
Datesorted ascending | Fund Name | Type | % 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 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very 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% |
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 |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
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 |
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 revenue | 33,930 | 45,511 | 107,475 |
Gross profit (loss) | 39,460 | 17,054 | (61,223) |
Operating expenses: | |||
Research and development | 89,121 | 74,461 | 49,738 |
Sales and marketing | 59,888 | 49,604 | 26,263 |
General and administrative | 83,471 | 85,717 | 24,395 |
Total operating expenses | 232,480 | 209,782 | 100,396 |
Loss from operations | (193,020) | (192,728) | (161,619) |
Interest income | 3,384 | 2,573 | 285 |
Interest expense | (2) | (651) | (1,141) |
Change in fair value of warrant liabilities | 20,859 | 161,095 | |
Other income (expense), net | 98 | (2,577) | (231) |
Loss before provision for income taxes | (168,681) | (32,288) | (162,706) |
Provision for income taxes | 42 | 121 | 39 |
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 - basic | 199,848,386 | 173,810,053 | 6,056,574 |
Weighted-average common shares outstanding - diluted | 199,848,386 | 173,810,053 | 6,056,574 |
Product | |||
Revenue: | |||
Total revenue | $ 50,263 | $ 47,868 | $ 38,347 |
Cost of revenue: | |||
Total cost of revenue | 26,804 | 29,308 | 46,294 |
Software and other services | |||
Revenue: | |||
Total revenue | 23,127 | 14,697 | 7,905 |
Cost of revenue: | |||
Total cost of revenue | $ 7,126 | 2,238 | 1,068 |
Loss on product purchase commitments | |||
Cost of revenue: | |||
Total cost of revenue | $ 13,965 | $ 60,113 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 162,561 | $ 422,841 |
Marketable securities | 75,250 | |
Accounts receivable, net | 14,685 | 11,936 |
Inventories | 59,970 | 36,243 |
Current portion of vendor advances | 35,182 | 27,500 |
Prepaid expenses and other current assets | 9,489 | 13,384 |
Total current assets | 357,137 | 511,904 |
Property and equipment, net | 31,331 | 14,703 |
Non-current portion of vendor advances | 12,782 | |
Operating lease assets | 21,567 | 24,083 |
Other non-current assets | 7,535 | 8,493 |
Total assets | 417,570 | 571,965 |
Current liabilities: | ||
Accounts payable | 7,211 | 5,798 |
Deferred revenue, current | 15,856 | 13,071 |
Accrued purchase commitments, current | 2,146 | 5,329 |
Accrued expenses and other current liabilities | 26,116 | 25,631 |
Total current liabilities | 51,329 | 49,829 |
Deferred revenue, non-current | 4,957 | 5,476 |
Warrant liabilities | 5,370 | 26,229 |
Accrued purchase commitments, non-current | 14,200 | |
Operating lease liabilities | 29,966 | 27,690 |
Other non-current liabilities | 588 | 850 |
Total liabilities | 92,210 | 124,274 |
Commitments and contingencies (Note 19) | ||
Stockholders' equity: | ||
Additional paid-in capital | 921,278 | 874,886 |
Accumulated deficit | (595,938) | (427,215) |
Total stockholders' equity | 325,360 | 447,691 |
Total liabilities and stockholders' equity | 417,570 | 571,965 |
Class A Common Stock | ||
Stockholders' equity: | ||
Common stock | 17 | 17 |
Class B Common Stock | ||
Stockholders' equity: | ||
Common stock | $ 3 | $ 3 |