Butterfly Network Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018
Revenue	65.9	73.39	62.57	46.25	27.58	1.53
Revenue Growth (YoY)	-10.21%	17.30%	35.27%	67.68%	1707.54%	-
Cost of Revenue	49.04	33.93	45.51	107.48	48.48	2.26
Gross Profit	16.86	39.46	17.05	-61.22	-20.9	-0.73
Selling, General & Admin	88.69	137.09	135.32	50.66	32.47	17.4
Research & Development	55.62	88.04	74.46	49.74	48.93	34.95
Other Operating Expenses	18.16	7.35	0	0	0	0
Operating Expenses	162.47	232.48	209.78	100.4	81.4	52.36
Operating Income	-145.61	-193.02	-192.73	-161.62	-102.3	-53.09
Interest Expense / Income	0	0	0.65	1.14	0	0
Other Expense / Income	-11.99	-24.34	-161.09	-0.05	-2.6	-2.32
Pretax Income	-133.62	-168.68	-32.29	-162.71	-99.7	-50.77
Income Tax	0.08	0.04	0.12	0.04	0	0
Net Income	-133.7	-168.72	-32.41	-162.75	-99.7	-50.77
Shares Outstanding (Basic)	205	200	174	6	6	5
Shares Outstanding (Diluted)	205	200	174	6	6	5
Shares Change	2.77%	14.98%	2769.78%	3.74%	10.80%	-
EPS (Basic)	-0.65	-0.84	-0.19	-26.87	-17.08	-9.63
EPS (Diluted)	-0.65	-0.84	-0.19	-26.87	-17.08	-9.63
Free Cash Flow	-104.59	-187.36	-197.06	-84.08	-124.9	-70.68
Free Cash Flow Per Share	-0.51	-0.94	-1.13	-13.88	-21.39	-13.41
Gross Margin	25.58%	53.77%	27.26%	-132.37%	-75.75%	-47.77%
Operating Margin	-220.96%	-263.01%	-308.04%	-349.43%	-370.87%	-3478.77%
Profit Margin	-202.88%	-229.90%	-51.80%	-351.87%	-361.44%	-3326.67%
Free Cash Flow Margin	-158.71%	-255.29%	-314.97%	-181.78%	-452.82%	-4631.65%
EBITDA	-123.04	-162.74	-29.55	-160.25	-98.94	-50.37
EBITDA Margin	-186.71%	-221.75%	-47.23%	-346.47%	-358.70%	-3301.05%
Depreciation & Amortization	10.57	5.94	2.09	1.32	0.76	0.39
EBIT	-133.62	-168.68	-31.64	-161.57	-99.7	-50.77
EBIT Margin	-202.76%	-229.84%	-50.57%	-349.31%	-361.44%	-3326.67%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).