Butterfly Network Inc. (BFLY) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1600 DISTRICT AVENUE BURLINGTON, MA 01803 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3844 - X-Ray Apparatus and Tubes and Related Irradiation Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 134,437 | 150,006 | 166,806 | 193,808 | 237,811 | 267,859 | |||
| Cash and cash equivalents | 134,437 | 150,006 | 166,806 | 193,808 | 162,561 | 193,313 | |||
| Short-term investments | 75,250 | 74,546 | |||||||
| Restricted cash and investments | 199 | 243 | 380 | 609 | 253 | 704 | |||
| Receivables | 13,418 | 13,646 | 17,781 | 13,475 | 14,685 | 11,807 | |||
| Inventory, net of allowances, customer advances and progress billings | 73,022 | 94,016 | 86,825 | 69,407 | 59,970 | 57,664 | |||
| Inventory | 73,022 | 94,016 | 86,825 | 69,407 | 59,970 | 57,664 | |||
| Advances on inventory purchases | 2,815 | ||||||||
| Other undisclosed current assets | 7,372 | 10,674 | 20,039 | 45,225 | 44,418 | 34,431 | |||
| Total current assets: | 231,263 | 268,585 | 291,831 | 322,524 | 357,137 | 372,465 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 15,675 | 16,016 | 20,566 | 21,092 | 21,567 | 22,146 | |||
| Property, plant and equipment | 25,321 | 26,362 | 29,209 | 30,442 | 31,331 | 31,377 | |||
| Intangible assets, net (including goodwill) | 10,317 | ||||||||
| Intangible assets, net (excluding goodwill) | 10,317 | ||||||||
| Restricted cash and investments | 4,014 | 4,014 | 4,014 | 4,014 | |||||
| Other noncurrent assets | 6,422 | 6,451 | 7,541 | 7,623 | 7,535 | 7,387 | |||
| Other undisclosed noncurrent assets | 11,262 | 12,794 | 11,427 | 5,869 | |||||
| Total noncurrent assets: | 73,011 | 65,637 | 72,757 | 59,157 | 60,433 | 70,793 | |||
| TOTAL ASSETS: | 304,274 | 334,222 | 364,588 | 381,681 | 417,570 | 443,258 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 24,710 | 25,196 | 27,979 | 26,143 | 30,266 | 25,112 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,314 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 11,459 | ||
| Accounts payable | 5,090 | 8,097 | 8,386 | 5,429 | 7,211 | 2,675 | |||
| Accrued liabilities | 19,620 | 17,099 | 19,593 | 20,714 | 23,055 | 9,664 | |||
| Deferred revenue | 15,625 | 15,117 | 13,725 | 14,933 | 15,856 | 13,927 | |||
| Other undisclosed current liabilities | 3,936 | 5,046 | 4,135 | 3,714 | 5,207 | 6,841 | |||
| Total current liabilities: | 44,271 | 45,359 | 45,839 | 44,790 | 51,329 | 45,880 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 30,176 | ||||||||
| Liabilities, other than long-term debt | 39,124 | 29,998 | 36,087 | 35,168 | 35,511 | 6,217 | |||
| Deferred revenue | 7,394 | 5,273 | 6,026 | 4,344 | 4,957 | 5,591 | |||
| Other liabilities | 8,895 | 1,316 | 1,362 | 1,384 | 588 | 626 | |||
| Operating lease, liability | 22,835 | 23,409 | 28,699 | 29,440 | 29,966 | 30,176 | |||
| Other undisclosed noncurrent liabilities | 826 | 1,446 | 4,957 | 5,576 | 5,370 | 17,348 | |||
| Total noncurrent liabilities: | 39,950 | 31,444 | 41,044 | 40,744 | 40,881 | 53,741 | |||
| Total liabilities: | 84,221 | 76,803 | 86,883 | 85,534 | 92,210 | 99,621 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 220,053 | 257,419 | 277,705 | 296,147 | 325,360 | 343,637 | |||
| Additional paid in capital | 949,670 | 942,915 | 935,833 | 925,604 | 921,278 | 905,852 | |||
| Accumulated deficit | (729,638) | (685,517) | (658,149) | (629,478) | (595,938) | (562,235) | |||
| Other undisclosed equity, attributable to parent | 21 | 21 | 21 | 21 | 20 | 20 | |||
| Total equity: | 220,053 | 257,419 | 277,705 | 296,147 | 325,360 | 343,637 | |||
| TOTAL LIABILITIES AND EQUITY: | 304,274 | 334,222 | 364,588 | 381,681 | 417,570 | 443,258 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 16,516 | 15,421 | 18,487 | 15,476 | 18,983 | 19,618 | ||
| Cost of revenue | (29,053) | (6,039) | (7,565) | (6,387) | (9,427) | (8,629) | ||
| Gross profit: | (12,537) | 9,382 | 10,922 | 9,089 | 9,556 | 10,989 | ||
| Operating expenses | (34,194) | (41,945) | (42,186) | (44,136) | (58,558) | (57,021) | ||
| Operating loss: | (46,731) | (32,563) | (31,264) | (35,047) | (49,002) | (46,032) | ||
| Nonoperating income | 1,990 | 1,686 | 1,967 | 1,801 | 3,295 | 406 | ||
| Investment income, nonoperating | 1,736 | 1,903 | 2,027 | 1,784 | 1,810 | 1,304 | ||
| Other nonoperating income (expense) | 254 | (217) | (60) | 17 | 1,485 | (898) | ||
| Interest and debt expense | (2) | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (44,741) | (30,877) | (29,297) | (33,246) | (45,707) | (45,628) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 620 | 3,511 | 620 | (207) | 11,978 | (9,087) | ||
| Loss from continuing operations before income taxes: | (44,121) | (27,366) | (28,677) | (33,453) | (33,729) | (54,715) | ||
| Income tax expense (benefit) | (2) | 6 | (87) | 26 | (27) | |||
| Loss from continuing operations: | (44,121) | (27,368) | (28,671) | (33,540) | (33,703) | (54,742) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (54,742) | |
| Net loss attributable to parent: | (44,121) | (27,368) | (28,671) | (33,540) | (33,703) | (54,742) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (44,121) | (27,368) | (28,671) | (33,540) | (33,703) | (54,742) | ||
| Other undisclosed net income available to common stockholders, basic | 44,121 | 27,368 | 28,671 | 33,540 | 33,703 | 54,742 | ||
| Net loss available to common stockholders, diluted: | (44,121) | (27,368) | (28,671) | (33,540) | (33,703) | (54,742) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (44,121) | (27,368) | (28,671) | (33,540) | (33,703) | (54,742) | ||
| Comprehensive loss, net of tax, attributable to parent: | (44,121) | (27,368) | (28,671) | (33,540) | (33,703) | (54,742) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.