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Butterfly Network (BFLY)
NYSE:BFLY
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.07Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 28, 2025
|% Change Since: -34.58%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call highlights strong revenue growth, successful product launches, and international expansion, supported by a recent capital raise. However, challenges remain with ongoing adjusted EBITDA losses and higher production costs, and new initiatives have yet to significantly impact revenue.Company Guidance
During the Butterfly Network Fourth Quarter and Full Year 2024 Earnings Call, the company provided robust guidance for 2025. The company reported a 25% revenue growth in 2024, reaching $82.1 million, and an adjusted EBITDA improvement of 42%, resulting in a loss of $38.9 million. Their iQ3 product was a commercial success, accounting for 50% of sales units and 58% of probe revenue in 2024. For 2025, Butterfly Network projects revenue between $96 million and $100 million, reflecting approximately 20% growth, with an adjusted EBITDA loss between $37 million and $42 million. This guidance excludes any potential revenue from new streams such as the HomeCare business or future Octiv partnerships, which could represent substantial upside.Strong Revenue Growth
Butterfly Network delivered $82.1 million in revenue for 2024, representing a 25% top-line growth. The fourth quarter saw a 35% increase in revenue compared to the prior year period, reaching $22.4 million, the highest quarterly result in the company's history.
iQ3 Commercial Success
The launch of iQ3 was a commercial success, representing 50% of overall 2024 sales in units and 58% of probe revenue. It delivered higher ASPs than the second-generation device.
International Expansion
Butterfly received EU MDR for iQ+ and iQ3, allowing for the European launch and expanded access to new markets in Asia. This is expected to power international growth in 2025.
Successful Capital Raise
Butterfly raised $81.7 million from a follow-on offering in January 2025, providing a bridge to cash flow independence and enabling continued investment in growth initiatives.
Positive Developments in HomeCare
A pilot agreement for lung ultrasound services in Wisconsin showed positive results, with no patient readmissions and improved care for congestive heart failure patients.
Improved Adjusted EBITDA
Adjusted EBITDA loss improved by 42% for the full year 2024, from $67.5 million in 2023 to $38.9 million in 2024, driven by higher revenue and cost reductions.
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BFLY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BFLY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 28, 2025 | $3.73 | $3.62 | -2.95% |
| Nov 01, 2024 | $1.78 | $2.03 | +14.04% |
| Aug 01, 2024 | $1.01 | $1.13 | +11.88% |
| May 01, 2024 | $0.79 | $0.92 | +16.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Butterfly Network (BFLY) report earnings?
Butterfly Network (BFLY) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Butterfly Network (BFLY) earnings time?
Butterfly Network (BFLY) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BFLY EPS forecast?
BFLY EPS forecast for the fiscal quarter 2025 (Q1) is -0.07.
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