BFLY Earnings Prediction
The chart below shows how BFLY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BFLY sees a -1.23% change in stock price 10 days leading up to the earnings, and a -3.38% change 10 days following the report. On the earnings day itself, the stock moves by -0.65%. This data can give you a slight idea of what to expect for the next quarter's release.
BFLY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
20.56M
33.33%
-4.31%
Gross Margin
59.50%
-2.20%
1.59%
Operating Margin
-83.88%
-57.95%
4.59%
Net Margin
-82.31%
-53.62%
12.60%
EPS
-0.08
-38.46%
14.29%
No Data Available
BFLY Earnings Analysis
Butterfly Network, Inc. Corporation (BFLY.N) Earnings Conference Call
Positive
Record Q3 Revenue Growth: Butterfly reported a record revenue of $20.6 million for Q3 2024, marking a 33% increase year-over-year, the highest third-quarter result in the company's history.
International Revenue Surge: The company achieved a 36% increase in total international revenue over the prior year period, reaching $5.2 million, driven by higher probe volume and geographic expansion.
Product Revenue Surge: Butterfly's product revenue was $13.5 million, reflecting a 55% increase compared to Q3 2023, supported by higher average selling prices and volume across all channels.
Gross Profit Increase: The gross profit for Q3 2024 was $12.2 million, a 30% increase from $9.4 million in the prior year period, demonstrating effective cost management and revenue growth.
EBITDA Loss Improvement: Butterfly's adjusted EBITDA loss improved by 33% to $8.4 million compared to a loss of $12.5 million for the same period in 2023, driven by higher revenue and cost reductions.
Negative
Adjusted EBITDA Loss Comparison: Adjusted EBITDA loss was $8.4 million compared to a loss of $12.5 million for the same period in 2023, indicating ongoing financial challenges despite improvements.
Annual Recurring Revenue Trends: Total annual recurring revenue (ARR) grew slightly when compared to the prior year period, but the growth was not significant enough to offset declines in individual subscriptions.
Gross Margin Decline: Gross margin percentage was down slightly to 59.5%, reflecting increased costs that were not fully passed on to customers, impacting profitability.
Adjusted EBITDA Loss Forecast: The company expects an adjusted EBITDA loss of approximately $10 million to $12 million for Q4, indicating continued financial strain as they approach year-end.
Cash Flow Concerns: Cash and cash equivalents, including restricted cash as of September 30, 2024, was $97.8 million, but the company used $8.3 million in cash during the quarter, raising concerns about cash flow sustainability.
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BFLY Earning Call Sentiment
Butterfly Network, Inc. (BFLY) Q3 2024 Earnings Call Transcript
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BFLY.N
-2.77%Positive
The earnings call showed strong financial performance with a 33% YoY revenue increase and improved EBITDA loss. Despite facing supply chain and competitive challenges, the company is expanding market access and maintaining a cautious economic approach. The Q&A revealed optimism about product launches and market strategies. Although management's guidance for Q4 was conservative, reiterating strong revenue growth targets and achieving significant cost reductions supports a positive outlook. The lack of a shareholder return plan is offset by strategic investments and partnerships, suggesting a likely stock price increase in the short term.