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Butterfly Network (BFLY)
NYSE:BFLY
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.08Last Year’s EPS
-$0.21Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: 73.60%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth, product success, and strategic advancements, particularly with the iQ3 product and international expansion. However, slight declines in gross margin and individual subscription ARR were noted. The overall sentiment is optimistic with raised guidance and new initiatives paving the way for future growth.Company Guidance
During the Butterfly Network Q3 2024 earnings call, the company provided an optimistic outlook, raising its full-year revenue guidance to a range of $79 million to $81 million, reflecting about 20% growth year-over-year. Notably, the company achieved a 33% revenue increase in the third quarter compared to the prior year, with $20.6 million in revenue, marking the highest third-quarter result in its history. This growth was driven by a 23% increase in unit volume and a 10% increase in average selling prices, with the iQ3 probe accounting for over 50% of total volume and over 80% domestically. Butterfly Network also reported a significant reduction in cash use, dropping to a normalized run rate of about $40 million annually. Looking ahead, the company anticipates 15% to 20% top-line growth in 2025 and is targeting cash flow breakeven by 2027, aiming for $500 million in revenue within five years.Strong Revenue Growth
Butterfly Network reported a 33% year-over-year increase in revenue for Q3 2024, marking the fifth consecutive quarter where expectations were met or exceeded.
iQ3 Product Success
The iQ3 product accounted for over 50% of total volume, with over 80% of sales being domestic.
International Expansion
Butterfly Network expanded into new markets including Indonesia, Netherlands, and Belgium, and successfully launched iQ3 in Europe.
Strategic Partnerships
Continued partnership success with institutions like the University of Rochester Medical Center, which is improving patient care and clinical operations.
Product Innovations
Announced P5 chip with harmonic imaging capabilities, a significant advancement in digital ultrasound technology.
Financial Guidance Raised
Guidance for 2024 revenue increased to $79-$81 million, with EBITDA losses expected to improve to $40-$42 million.
Launch of OCTIV Subsidiary
New subsidiary to focus on commercializing Butterfly's semiconductor technology across various industries.
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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 |
|---|---|---|---|
| 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% |
| Feb 28, 2024 | $1.48 | $1.19 | -19.59% |
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 Mar 04, 2025, TBA Not Confirmed.
What is Butterfly Network (BFLY) earnings time?
Butterfly Network (BFLY) earnings time is at Mar 04, 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 2024 (Q4) is -$0.08.
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