NYSE$BFLY

Butterfly Network Inc. · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Headline financials

Total Revenue

$18.5M

Previous: $19.2M-3.8%
EPS (adj)

-$0.14

Previous: -$0.18+22.2%
Capital Expenditures

-$2.22M

Previous: -$11.6M+80.8%
Free Cash Flow

-$30.9M

Previous: -$47.4M+34.8%
Net Income

-$28.7M

Previous: -$35.8M+19.9%
Operating Income

-$31.3M

Previous: -$48.5M+35.5%
Gross Profit

$10.9M

Previous: $10.6M+3.3%
Cash & Equivalents

$167M

Previous: $311M-46.3%
Total Assets

$365M

Previous: $497M-26.6%
Stock-Based Comp

$9.92M

Previous: $9.29M+6.9%

Revenue & EPS history

Butterfly · Revenue · Quarterly

$18.5M

Q2 2023-3.8%vs Q2 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Butterfly · $15.4M total across 2 segments · Q3 2023

  • Product revenue
    $8.75M
  • Software & services revenue
    $6.67M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

+2.3%

Avg return

Earnings day

-2.1%

Avg return

5 days after

+3.8%

Avg return

30 days after

46%

11 / 24 earnings

Positive

+50.8%

Q4 2025

Best reaction

-23.2%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.6%-2.0%-7.9%
Q4 2025+50.8%+18.7%+26.5%
Q3 2025+43.1%+23.0%+52.0%
Q1 2025-2.1%-6.8%+2.6%
Q4 2024-2.9%-14.5%-36.5%
Q3 2024+14.6%+44.4%+84.8%
Q2 2024+2.7%-9.4%-0.9%
Q1 2024+18.8%+25.0%+28.2%
Q4 2023-20.7%-18.0%-28.0%
Q3 2023+38.0%+29.3%+23.2%
Q2 2023-4.7%-14.9%-20.9%
Q1 2023-18.8%-16.6%-2.7%
Q4 2022+0.9%+8.6%-26.1%
Q3 2022-23.2%-22.8%-28.0%
Q2 2022+21.8%+22.0%+19.5%
Q1 2022-12.6%-19.0%+0.9%
Q4 2019-14.4%-29.1%-15.2%
Q4 2021-14.4%-29.1%-15.2%
Q3 2021+0.7%-7.0%-17.3%
Q2 2021+9.6%+2.7%+19.9%
Q1 2021-11.8%-11.8%+25.6%
Q3 2020-15.2%-13.0%+26.7%
Q4 2020-3.3%-9.5%-19.7%
Q2 2020+0.2%-0.4%-1.1%
Q1 2020

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