Butterfly Network Inc
For the period ended Dec 31, 2023. Filed Mar 4, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 4, 2024
BFLY$6.51-2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except shares and per share amounts)
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · Year ended December 31, | |||||||||
| · · 2023 · 2022 · 2021 | |||||||||
| Revenue: · · · · · · | |||||||||
| Product | | $40,036 | | $50,263 | | $47,868 | |||
| Software and other services | | 25,864 | | 23,127 | | 14,697 | |||
| Total revenue | | | 65,900 | | | 73,390 | | | 62,565 |
| Cost of revenue: | | | | ||||||
| Product | | | 40,655 | | | 26,804 | | | 29,308 |
| Software and other services | | 8,389 | | 7,126 | | 2,238 | |||
| Loss on product purchase commitments | | | — | | | — | | | 13,965 |
| Total cost of revenue | | | 49,044 | | | 33,930 | | | 45,511 |
| Gross profit | | | 16,856 | | | 39,460 | | | 17,054 |
| Operating expenses: | | | | | | | | | |
| Research and development | | | 55,616 | | | 88,044 | | | 74,461 |
| Sales and marketing | | 39,073 | | 59,494 | | 49,604 | |||
| General and administrative | | 49,613 | | 77,596 | | 85,717 | |||
| Other | | | 18,164 | | 7,346 | | — | ||
| Total operating expenses | | 162,466 | | 232,480 | | 209,782 | |||
| Loss from operations | | | (145,610) | | | (193,020) | | | (192,728) |
| Interest income | | | 7,450 | | | 3,384 | | | 2,573 |
| Interest expense | | — | | (2) | | (651) | |||
| Change in fair value of warrant liabilities | | | 4,544 | | | 20,859 | | | 161,095 |
| Other income (expense), net | | (2) | | 98 | | (2,577) | |||
| Loss before provision for income taxes | | | (133,618) | | | (168,681) | | | (32,288) |
| Provision for income taxes | | 82 | | 42 | | 121 | |||
| Net loss and comprehensive loss | | $(133,700) | | $(168,723) | | $(32,409) | |||
| Net loss per common share attributable to Class A and B common stockholders, basic and diluted | | $(0.65) | | $(0.84) | | $(0.19) | |||
| Weighted-average shares used to compute net loss per share attributable to Class A and B common stockholders, basic and diluted | | | 205,385,544 | | | 199,848,386 | | | 173,810,053 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.