Butterfly Network Inc
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 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)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Nine months ended September 30, | ||||||
| · · 2024 · · 2023 | ||||||
| Cash flows from operating activities: | | | | | | |
| Net loss | $(54,391) | $(89,579) | ||||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Depreciation, amortization, and impairments | | 7,835 | | 8,332 | ||
| Non-cash interest expense | | | 926 | | | — |
| Write-down of inventories | | | 15 | | | — |
| Stock-based compensation expense | | | 15,794 | | | 20,924 |
| Change in fair value of warrant liabilities | | | 826 | | | (3,924) |
| Gain on lease termination | | | — | | | (214) |
| Other | | | 945 | | | (478) |
| Changes in operating assets and liabilities: | | | | | | |
| Accounts receivable | | | (8,158) | | | 711 |
| Inventories | | (264) | | (34,046) | ||
| Prepaid expenses and other assets | | | 681 | | | 2,354 |
| Vendor advances | | | (1,342) | | | 15,646 |
| Accounts payable | | | (1,440) | | | 1,092 |
| Deferred revenue | | | 441 | | | (423) |
| Accrued purchase commitments | | | — | | | (1,934) |
| Change in operating lease assets and liabilities | | | (549) | | | (671) |
| Accrued expenses and other liabilities | | | 94 | | | (3,509) |
| Net cash used in operating activities | | | (38,587) | | | (85,719) |
| | | | | | | |
| 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 | | (2,286) | | (3,271) | ||
| Sales of property and equipment | | | 36 | | | 10 |
| Net cash (used in) provided by investing activities | | | (2,250) | | | 72,926 |
| | | | | | ||
| Cash flows from financing activities: | | | | | ||
| Proceeds from exercise of stock options and warrants | | — | | | 228 | |
| Net cash provided by financing activities | | | — | | | 228 |
| Net decrease in cash, cash equivalents, and restricted cash | | | (40,837) | | | (12,565) |
| Cash, cash equivalents, and restricted cash, beginning of period | | | 138,650 | | | 166,828 |
| Cash, cash equivalents, and restricted cash, end of period | | $97,813 | | $154,263 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.