BFLY - Butterfly Network, Inc. Stock Price, Fair Value and News

0.97USD-0.04 (-3.96%)Delayed as of 08 May 2024, 02:57 pm ET

Market Summary

USD0.97-0.04

Delayedas of 08 May 2024, 02:57 pm

-3.96%

BFLY Stock Price

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BFLY RSI Chart

BFLY Valuation

Market Cap

211.0M

Price/Earnings (Trailing)

-1.73

Price/Sales (Trailing)

3.1

EV/EBITDA

-0.77

Price/Free Cashflow

-2.58

BFLY Price/Sales (Trailing)

BFLY Profitability

Operating Margin

26.50%

EBT Margin

-179.09%

Return on Equity

-59.76%

Return on Assets

-42.89%

Free Cashflow Yield

-38.78%

BFLY Fundamentals

BFLY Revenue

Revenue (TTM)

68.1M

Rev. Growth (Yr)

14.09%

Rev. Growth (Qtr)

6.9%

BFLY Earnings

Earnings (TTM)

-121.9M

Earnings Growth (Yr)

35.12%

Earnings Growth (Qtr)

50.68%

Breaking Down BFLY Revenue

52 Week Range

0.932.71

(Low)(High)

Last 7 days

30.8%

Last 90 days

10.9%

Trailing 12 Months

-51.7%

How does BFLY drawdown profile look like?

BFLY Financial Health

Current Ratio

5.13

BFLY Investor Care

Shares Dilution (1Y)

3.11%

Diluted EPS (TTM)

-0.58

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	68.1M	0	0	0
2023	73.3M	72.6M	68.4M	65.9M
2022	65.7M	68.4M	73.4M	73.4M
2021	50.0M	54.7M	59.2M	62.6M
2020	32.3M	36.9M	41.6M	46.3M
2019	0	0	0	27.6M

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Tracking the Latest Insider Buys and Sells of Butterfly Network, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 03, 2024	getz heather c	sold	-57,035	0.953	-59,848	evp, cfo & coo
Apr 02, 2024	stoica andrei g	sold	-1,781	1.002	-1,778	chief technology officer
Mar 25, 2024	stoica andrei g	sold	-3,380	1.025	-3,298	chief technology officer
Mar 11, 2024	stoica andrei g	sold	-87,207	1.14	-76,498	chief technology officer
Mar 11, 2024	getz heather c	sold	-92,850	1.14	-81,448	evp, cfo & coo
Mar 07, 2024	pfeiffenberger brent	acquired	-	-	17,425	president and ceo
Mar 06, 2024	devivo joseph	acquired	-	-	2,895,220	president & ceo
Mar 06, 2024	getz heather c	acquired	-	-	1,323,530	evp, cfo & coo
Mar 06, 2024	stoica andrei g	acquired	-	-	612,959	chief technology officer
Mar 05, 2024	stoica andrei g	sold	-13,930	1.15	-12,113	chief technology officer

Which funds bought or sold BFLY recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	SG Americas Securities, LLC	reduced	-35.86	-29,000	54,000	-%
May 06, 2024	SouthState Corp	unchanged	-	-	1,688	-%
May 06, 2024	Savant Capital, LLC	reduced	-44.75	-9,998	12,345	-%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-17,053	-	-%
May 03, 2024	GSA CAPITAL PARTNERS LLP	added	3.04	18,000	604,000	0.05%
May 03, 2024	HUNTINGTON NATIONAL BANK	unchanged	-	-	1,081	-%
May 03, 2024	VICTORY CAPITAL MANAGEMENT INC	reduced	-1.57	-342	21,426	-%
May 02, 2024	KESTRA PRIVATE WEALTH SERVICES, LLC	reduced	-2.74	-648	23,004	-%
May 02, 2024	Rinkey Investments	reduced	-2.36	-1,080	44,604	0.02%
May 02, 2024	WHITTIER TRUST CO OF NEVADA INC	unchanged	-	-	1,070	-%

Are Funds Buying or Selling BFLY?

Are funds buying BFLY calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own BFLY

No. of Funds

Unveiling Butterfly Network, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	4.24%	7,666,518	SC 13G/A
Jan 29, 2024	ark investment management llc	7.58%	13,688,534	SC 13G/A
Jan 29, 2024	blackrock inc.	5.7%	10,330,167	SC 13G/A
Sep 13, 2023	rothberg jonathan m	5.8%	10,474,911	SC 13D/A
Feb 14, 2023	fosun industrial co., ltd	6.2%	10,716,630	SC 13G/A
Feb 14, 2023	glenview capital management, llc	5.54%	9,746,834	SC 13D/A
Feb 10, 2023	ark investment management llc	5.74%	10,000,460	SC 13G
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	6.92%	12,052,848	SC 13G/A
Feb 01, 2023	blackrock inc.	6.0%	10,448,729	SC 13G/A

Recent SEC filings of Butterfly Network, Inc.

View All Filings

Date Filed	Form Type	Document
May 07, 2024	4	Insider Trading
May 03, 2024	144	Notice of Insider Sale Intent
May 01, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 26, 2024	ARS	ARS
Apr 26, 2024	DEF 14A	DEF 14A
Apr 26, 2024	DEFA14A	DEFA14A
Apr 16, 2024	PRE 14A	PRE 14A
Apr 04, 2024	4	Insider Trading
Apr 02, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Butterfly Network, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ABT	184.5B	40.3B	-4.60%	-4.35%	32.81	4.58	-2.84%	-3.08%
BDX	68.5B	19.7B	-3.65%	-5.69%	51.42	3.48	4.82%	-17.56%
ALGN	21.6B	3.9B	-9.77%	-6.38%	46.66	5.51	5.72%	46.72%
BAX	18.4B	14.9B	-15.25%	-20.81%	6.95	1.24	2.98%	207.68%
MID-CAP
ATR	9.9B	3.5B	5.58%	23.16%	31.71	2.8	6.16%	35.06%
HSIC	9.1B	12.5B	-1.81%	-10.76%	23.5	0.73	-0.61%	-18.83%
BIO	8.2B	2.7B	-13.87%	-26.12%	-12.81	3.06	-4.68%	82.43%
XRAY	5.9B	3.9B	-12.53%	-31.61%	-62.76	1.49	0.23%	91.03%
AXNX	3.4B	387.1M	-0.62%	22.51%	-215.76	8.88	30.82%	65.57%
PDCO	2.3B	6.6B	-0.84%	-0.80%	12.05	0.35	2.78%	-0.87%
SMALL-CAP
AHCO	1.3B	3.2B	-6.97%	-19.30%	-1.87	0.4	7.94%	-1661.78%
ANIK	420.5M	166.7M	10.85%	9.31%	-5.09	2.52	6.67%	-456.34%
ANGO	245.9M	324.0M	-12.80%	-31.58%	-1.28	0.76	-3.19%	-337.41%
APYX	48.8M	52.3M	-6.00%	-59.48%	-2.61	0.93	17.61%	19.28%
AEMD	3.4M	3.7M	-25.71%	271.43%	-0.27	0.89	5.77%	8.23%

Butterfly Network, Inc. News

Latest updates

Butterfly Network, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																		(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Revenue	6.9%	17,656,000	16,516,000	15,421,000	18,487,000	15,476,000	18,983,000	19,618,000	19,215,000	15,574,000	18,987,500	14,621,000	16,513,000	12,443,000	15,655,000	10,135,000	11,792,000	8,670,000	-
Cost Of Revenue	-74.6%	7,380,000	29,053,000	6,039,000	7,565,000	6,387,000	9,426,500	8,629,000	8,643,000	7,232,000	11,447,500	19,743,000	8,293,000	6,027,000	6,956,000	79,386,000	11,627,000	9,506,000	-
Gross Profit	182.0%	10,276,000	-12,537,000	9,382,000	10,922,000	9,089,000	9,556,500	10,989,000	10,572,000	8,342,000	7,540,000	-5,122,000	8,220,000	6,416,000	8,699,000	-69,251,000	165,000	-836,000	-
Operating Expenses	-3.8%	32,897,000	34,196,500	41,945,000	42,186,000	44,136,000	58,557,500	57,021,000	59,027,000	57,875,000	52,845,500	51,865,000	44,907,000	60,164,000	30,910,000	22,577,000	23,236,000	23,673,000	-
S&GA Expenses	0.8%	10,378,000	10,298,000	9,012,000	9,728,000	10,034,000	12,373,000	15,481,000	16,438,000	15,202,000	15,053,500	14,203,000	10,540,000	9,808,000	8,855,000	5,538,000	5,955,000	5,915,000	-
R&D Expenses	-4.4%	10,720,000	11,208,000	12,130,000	15,626,000	16,651,000	19,161,000	22,040,000	23,220,000	23,623,000	20,002,500	21,654,000	17,088,000	15,716,000	13,311,000	11,971,000	11,940,000	12,516,000	-
EBITDA Margin	-Infinity%	-1.79	-	-1.68	-1.96	-2.05	-2.22	-1.98	-1.53	-1.11	-0.47	-0.62	-2.11	-2.71	-3.46	-	-	-	-
Interest Expenses	-	300,000	-	-	-	-	-	2,000	-	-	6,000	-	7,000	638,000	723,000	300,000	113,000	5,000	-
Income Taxes	700.0%	3,000	-500	2,000	-6,000	87,000	-25,500	27,000	23,000	17,000	49,000	-3,000	51,000	24,000	7,000	12,000	10,000	10,000	-
Earnings Before Taxes	50.7%	-21,758,000	-44,121,500	-27,366,000	-28,677,000	-33,453,000	-33,728,500	-54,715,000	-35,778,000	-44,460,000	-15,167,000	-13,564,000	-2,891,000	-666,000	-22,935,000	-92,196,000	-23,231,000	-24,344,000	-
EBT Margin	11.7%	-1.79	-2.03	-1.80	-2.08	-2.15	-2.30	-2.05	-1.59	-1.16	-0.52	-0.68	-2.17	-2.78	-3.52	-2.40	-2.70	-3.09	-3.61
Net Income	50.7%	-21,761,000	-44,121,000	-27,368,000	-28,671,000	-33,540,000	-33,703,000	-54,742,000	-35,801,000	-44,477,000	-15,216,000	-13,561,000	-2,942,000	-690,000	-22,942,000	-92,208,000	-23,241,000	-24,354,000	-
Net Income Margin	11.7%	-1.79	-2.03	-1.80	-2.08	-2.15	-2.30	-2.05	-1.59	-1.16	-0.52	-0.68	-2.17	-2.78	-3.52	-2.40	-2.70	-3.09	-3.61
Free Cashflow	-39.7%	-21,805,000	-15,613,000	-17,029,000	-27,367,000	-44,594,000	-30,981,000	-46,629,000	-51,067,000	-58,740,000	-46,828,000	-48,478,000	-37,042,000	-64,716,000	-20,402,000	-22,360,000	-21,164,000	-20,150,000	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																		(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Assets	-6.6%	284	304	334	365	382	418	443	497	535	572	580	631	647	147	415	415	290	165
Current Assets	-7.8%	213	231	269	292	323	357	372	426	474	512	544	591	605	97.00	1.00	1.00	-	109
Cash Equivalents	-13.1%	117	134	150	167	194	163	193	311	360	427	153	20.00	19.00	60.00	52.00	73.00	-	90.00
Inventory	2.0%	74.00	73.00	94.00	87.00	69.00	60.00	58.00	66.00	48.00	36.00	24.00	47.00	36.00	26.00	-	-	-	9.00
Net PPE	-3.5%	24.00	25.00	26.00	29.00	30.00	31.00	31.00	29.00	23.00	15.00	9.00	7.00	7.00	7.00	-	-	-	5.00
Liabilities	-4.7%	80.00	84.00	77.00	87.00	86.00	92.00	100	110	123	124	129	185	211	148	35.00	27.00	-	16.00
Current Liabilities	-6.2%	42.00	44.00	45.00	46.00	45.00	51.00	46.00	62.00	51.00	50.00	45.00	58.00	52.00	70.00	0.00	0.00	0.00	15.00
Shareholder's Equity	-7.3%	204	220	257	278	296	325	344	387	413	448	451	446	436	5.00	5.00	5.00	-	-
Retained Earnings	-3.0%	-751	-729	-685	-658	-629	-595	-562	-507	-471	-427	-412	-398	-395	-394	-13.07	-4.89	0.00	-232
Additional Paid-In Capital	0.6%	955	950	943	936	926	921	906	894	884	875	863	845	832	33.00	18.00	10.00	0.00	20.00
Shares Outstanding	1.7%	209	205	205	204	203	200	200	199	199	174	166	192	106	-	6.00	6.00	9.00	6.00
Float	-	-	-	-	356	-	-	-	458	-	-	-	2,100	-	-	-	418	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																		(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Cashflow From Operations	-57.8%	-20,667	-13,101	-15,981	-26,486	-43,252	-28,859	-42,027	-43,995	-54,234	-42,777	-46,481	-36,502	-63,427	-20,623	-21,671	-19,736	-19,670	-
Share Based Compensation	-15.7%	5,524	6,556	6,815	9,924	4,185	15,103	9,413	9,285	8,730	9,029	10,734	7,737	20,298	3,277	2,382	2,662	2,683	-
Cashflow From Investing	54.7%	-1,138	-2,512	-1,048	-881	74,855	-2,481	-79,720	-7,072	-4,506	309,899	172,574	35,854	-528,197	221	-689	-1,428	-480	-
Cashflow From Financing	-	-	-	92.00	136	-	137	2,035	159	550	2,393	7,628	5,403	550,268	28,922	618	24,586	154	-

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BFLY Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Total revenue	$ 17,656	$ 15,476
Cost of revenue:
Total cost of revenue	7,380	6,387
Gross profit	10,276	9,089
Operating expenses:
Research and development	10,720	16,651
Sales and marketing	10,378	10,034
General and administrative	10,442	11,019
Other	1,357	6,432
Total operating expenses	32,897	44,136
Loss from operations	(22,621)	(35,047)
Interest income	1,511	1,784
Interest expense	(300)
Change in fair value of warrant liabilities	(207)	(207)
Other (expense) income, net	(141)	17
Loss before provision for income taxes	(21,758)	(33,453)
Provision for income taxes	3	87
Net loss and comprehensive loss	$ (21,761)	$ (33,540)
Net loss per common share - basic	$ (0.10)	$ (0.17)
Net loss per common share - diluted	$ (0.10)	$ (0.17)
Weighted-average common shares outstanding - basic	208,873,449	202,565,877
Weighted-average common shares outstanding - diluted	208,873,449	202,565,877
Product
Revenue:
Total revenue	$ 11,291	$ 8,848
Cost of revenue:
Total cost of revenue	5,096	4,349
Software and other services
Revenue:
Total revenue	6,365	6,628
Cost of revenue:
Total cost of revenue	$ 2,284	$ 2,038

BFLY Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 112,652	$ 134,437
Accounts receivable, net	13,914	13,418
Inventories	74,494	73,022
Current portion of vendor advances	3,979	2,815
Prepaid expenses and other current assets	8,234	7,571
Total current assets	213,273	231,263
Property and equipment, net	24,425	25,321
Intangible assets, net	9,967	10,317
Non-current portion of vendor advances	15,169	15,276
Operating lease assets	15,325	15,675
Other non-current assets	6,129	6,422
Total assets	284,288	304,274
Current liabilities:
Accounts payable	5,808	5,090
Deferred revenue, current	14,464	15,625
Accrued purchase commitments, current	131	131
Accrued expenses and other current liabilities	21,139	23,425
Total current liabilities	41,542	44,271
Deferred revenue, non-current	7,217	7,394
Warrant liabilities	1,033	826
Operating lease liabilities	22,252	22,835
Other non-current liabilities	8,240	8,895
Total liabilities	80,284	84,221
Commitments and contingencies (Note 12)
Stockholders' equity:
Additional paid-in capital	955,382	949,670
Accumulated deficit	(751,399)	(729,638)
Total stockholders' equity	204,004	220,053
Total liabilities and stockholders' equity	284,288	304,274
Class A Common Stock
Stockholders' equity:
Common stock	18	18
Class B Common Stock
Stockholders' equity:
Common stock	$ 3	$ 3

About Butterfly Network, Inc.

Butterfly Network, Inc. develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+, a point-of-care ultrasound imaging device that connects with a smartphone, tablet, and hospital computer system; and Butterfly Blueprint, a system-wide ultrasound platform with Compass software that integrates into a healthcare system's clinical and administrative infrastructure. The company also provides Butterfly system, which includes probes, and related accessories and software subscriptions to healthcare systems, physicians, and healthcare providers through a direct sales force, distributors, and eCommerce channel. In addition, it offers cloud-based software solutions to healthcare systems, teleguidance, in-app educational tutorials, and formal education programs through its Butterfly Academy software, as well as clinical support and services. Butterfly Network, Inc. was founded in 2011 and is headquartered in Burlington, Massachusetts.

CEO	Mr. Joseph M. DeVivo
WEBSITE	butterflynetwork.com
INDUSTRY	Medical Instruments & Supplies
EMPLOYEES	330

Butterfly Network, Inc. Frequently Asked Questions

What is the ticker symbol for Butterfly Network, Inc.? What does BFLY stand for in stocks?

BFLY is the stock ticker symbol of Butterfly Network, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Butterfly Network, Inc. (BFLY)?

As of Tue May 07 2024, market cap of Butterfly Network, Inc. is 210.96 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of BFLY stock?

You can check BFLY's fair value in chart for subscribers.

What is the fair value of BFLY stock?

You can check BFLY's fair value in chart for subscribers. The fair value of Butterfly Network, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Butterfly Network, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for BFLY so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Butterfly Network, Inc. a good stock to buy?

The fair value guage provides a quick view whether BFLY is over valued or under valued. Whether Butterfly Network, Inc. is cheap or expensive depends on the assumptions which impact Butterfly Network, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for BFLY.

What is Butterfly Network, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, BFLY's PE ratio (Price to Earnings) is -1.73 and Price to Sales (PS) ratio is 3.1. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. BFLY PE ratio will change depending on the future growth rate expectations of investors.