Butterfly Network Inc
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
BFLY$6.51-2.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three months ended March 31, | ||||||
| · · 2024 · · 2023 | ||||||
| Cash flows from operating activities: | | | | | | |
| Net loss | $(21,761) | $(33,540) | ||||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Depreciation, amortization, and impairments | | 2,584 | | 2,111 | ||
| Non-cash interest expense | | | 299 | | | — |
| Write-down of inventories | | | (81) | | | — |
| Stock-based compensation expense | | | 5,524 | | | 4,185 |
| Change in fair value of warrant liabilities | | | 207 | | | 207 |
| Other | | | 244 | | | (708) |
| Changes in operating assets and liabilities: | | | | | | |
| Accounts receivable | | | (751) | | | 1,077 |
| Inventories | | (1,391) | | (9,437) | ||
| Prepaid expenses and other assets | | | (376) | | | (3,175) |
| Vendor advances | | | (1,057) | | | 2,260 |
| Accounts payable | | | 703 | | | (1,561) |
| Deferred revenue | | | (1,338) | | | (1,536) |
| Accrued purchase commitments | | | — | | | (1,615) |
| Change in operating lease assets and liabilities | | | (163) | | | 175 |
| Accrued expenses and other liabilities | | | (3,310) | | | (1,695) |
| Net cash used in operating activities | | | (20,667) | | | (43,252) |
| | | | | | | |
| Cash flows from investing activities: | | | ||||
| Purchases of marketable securities | | | — | | | (297) |
| Sales of marketable securities | | | — | | | 76,484 |
| Purchases of property, equipment, and intangible assets, including capitalized software | | (1,138) | | (1,342) | ||
| Sales of property and equipment | | | — | | | 10 |
| Net cash (used in) provided by investing activities | | | (1,138) | | | 74,855 |
| | | | | | ||
| Cash flows from financing activities: | | | | | ||
| Net cash provided by financing activities | | | — | | | — |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | | | (21,805) | | | 31,603 |
| Cash, cash equivalents, and restricted cash, beginning of period | | | 138,650 | | | 166,828 |
| Cash, cash equivalents, and restricted cash, end of period | | $116,845 | | $198,431 | ||
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