Butterfly Network (BFLY) Misses Q4 EPS by 7c ; Provides Outlook

Butterfly Network (NYSE: BFLY) reported Q4 EPS of ($0.21), $0.07 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $16.5 million versus the consensus estimate of $15.19 million.

Guidance For the Fiscal Year 2024:

Low double digit Revenue growth
Adjusted EBITDA loss of $60 million - $50 million

A reconciliation of net loss to adjusted EBITDA and Gross Margin to Adjusted Gross Margin for the three months and years ended December 31, 2023, and 2022 is provided in the financial schedules that are part of this press release. An explanation of these non-GAAP financial measures is also included below under the heading “Non-GAAP Financial Measures.”

For earnings history and earnings-related data on Butterfly Network (BFLY) click here.

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