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 +1.69% change in stock price 10 days leading up to the earnings, and a -3.62% change 10 days following the report. On the earnings day itself, the stock moves by +0.04%. 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
14.72M
-10.86%
-28.40%
Gross Margin
54.89%
172.31%
-7.75%
Operating Margin
-156.00%
-44.86%
85.98%
Net Margin
--
--
--
EPS
-0.34
-61.90%
325.00%
No Data Available
BFLY Earnings Analysis
Butterfly Network Inc Corporation (BFLY.N) Earnings Conference Call
Positive
Earnings Surprise Achieved: Butterfly Network, Inc. beats earnings expectations with reported EPS of $-0.08, exceeding expectations of $-0.09.
Revenue and EBITDA Performance: In 2024, Butterfly delivered $82.1 million in revenue, representing a 25% top-line growth, while improving adjusted EBITDA by 42% to a loss of $38.9 million.
iQ3 Launch Success: The launch of iQ3 was a commercial success, representing 50% of overall 2024 sales in units and 58% of probe revenue, with higher average selling prices than previous devices.
EU MDR Approval Impact: Butterfly received EU MDR for iQ+ and iQ3, allowing for expanded features and international market access, which is expected to drive growth in 2025.
Partnership Expansion in AI: The company signed 21 partners in the Butterfly Garden, with 6 expected to go commercial in 2025, enhancing the ecosystem with new AI applications.
Ultrasound Technology Effectiveness: Butterfly HomeCare's pilot program successfully identified conditions in patients, showcasing the effectiveness of their ultrasound technology in real-world settings.
Follow-On Offering Success: The company raised $81.7 million from a follow-on offering, providing a bridge to cash flow independence and enabling continued investment in growth initiatives.
Negative
Adjusted EBITDA Loss: Butterfly Network reported an adjusted EBITDA loss of $38.9 million for the full year 2024, despite a 42% improvement from the previous year, indicating ongoing financial challenges.
Software Revenue Decline: The company experienced a decrease in the mix of software and other services revenue, which fell by approximately four percentage points compared to Q4 2023, suggesting potential issues in software sales growth relative to product sales.
Revenue Growth vs. Profitability: Despite a strong revenue increase, the company still reported a net loss, highlighting that while growth is occurring, profitability remains elusive.
Gross Profit Margin Challenges: The gross profit margin percentage increased to 61%, but this was offset by higher production costs of the iQ3 device and warranty costs, indicating challenges in managing production expenses.
Projected EBITDA Loss: The company anticipates an adjusted EBITDA loss of $37 million to $42 million for 2025, which suggests that losses may continue despite revenue growth expectations.
Revenue Guidance Slowdown: Butterfly's revenue guidance for 2025 is projected at $96 million to $100 million, which is only about 20% growth, indicating a slowdown in growth rate compared to previous years.
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BFLY Earning Call Sentiment
Butterfly Network, Inc. (NYSE:BFLY) Q4 2024 Earnings Call Transcript
BFLY.N
-10.88%Positive
The earnings call presents several positive indicators: strong revenue growth, improved EBITDA loss, and increased gross profit margin. The company raised its revenue guidance, indicating confidence in future performance. However, regulatory issues in Europe and supply chain challenges could pose risks. The Q&A session highlighted optimism about growth initiatives and revenue targets, though some responses lacked clarity. Despite these risks, the overall sentiment is positive, with strong financial metrics and optimistic guidance likely to boost the stock price in the short term.
