NYSE$BFLY

Butterfly Network Inc. · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Headline financials

Total Revenue

$15.4M

Previous: $19.6M-21.4%
EPS (adj)

-$0.13

Previous: -$0.27+51.9%
Capital Expenditures

-$3.27M

Previous: -$16.2M+79.8%
Free Cash Flow

-$30.6M

Previous: -$70.9M+56.8%
Net Income

-$27.4M

Previous: -$54.7M+50.0%
Operating Income

-$32.6M

Previous: -$46M+29.3%
Gross Profit

$9.38M

Previous: $11M-14.6%
Cash & Equivalents

$150M

Previous: $193M-22.4%
Total Assets

$334M

Previous: $443M-24.6%
R&D Expense

$12.1M

No prior period
Stock-Based Comp

$6.82M

Previous: $9.41M-27.6%

Revenue & EPS history

Butterfly · Revenue · Quarterly

$15.4M

Q3 2023-21.4%vs Q3 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 Q3 2023

Historical avgQ3 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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