Butterfly Network, Inc. · NYSE:BFLY

Butterfly Network — Q2 2024 Earnings Presentation

10 slides from Butterfly Network's earnings presentation, Aug 1, 2024

  1. Slide 1: Butterfly Network Q2 2024 Earnings Call

    Butterfly Network Q2 2024 Earnings Call August 1, 2024

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Our actual results may differ from our expectations, estimates, and projections and, consequentl

  3. Slide 3: 2024 Strategic Pillars

    2024 Strategic Pillars Strengthen Core Expand Differentiate Generate ● Transform standard of ● Continue investing in our ● 2024 Guidance: $75-80mm ● Penetrate further into care through new Ultrasound-on-Chip™ or 15-20% growth Hospitals, Clinic, Veterinary, Med Schools, applications and AI powered too

  4. Slide 4: Transforming Care with the World's First Complete Ultrasound-on-Chip Solution

    Transforming Care with the World’s First Complete Ultrasound-on-Chip™ Solution. Q2 2024 Highlights ● Posted Butterfly’s highest quarterly revenue in history. ○ $21.5mm in revenue, reflecting 16% revenue growth YoY, despite it being our toughest comp quarter. ● Achieved $10mm annualized reduction in Op

  5. Slide 5: Unlocking a New Medical School Sales Model

    Unlocking a New Medical School Sales Model. 5

  6. Slide 6: 3 new partners announced. Strong inbound continues.

    3 new partners announced. Strong inbound continues. 1 new term sheet signed. 5 companies in negotiation concurrently, with 15 total in the pipeline. 6

  7. Slide 7: Update On Supporting Initiatives

    Update On Supporting Initiatives. Clinical Research Butterfly iQ+ recognized in the Butterfly filed for revocation of the World Health Organization’s 2024 EU’s Restriction of Hazardous Compendium Substances (RoHS) handheld piezoelectric crystal ultrasound exemption. Access:: https://onlinelibrary.wiley

  8. Slide 8: Record Quarterly Revenue; Improved Full Year Adjusted EBITDA Guidance

    Record Quarterly Revenue Improved Full Year Adjusted EBITDA Guidance USD (millions) Q2 2024 Q2 2023*** Change Revenue $21.5 $18.5 16% Gross Margin 58.6% 59.1% (0.5) pts Operating expense $29.8 $42.2 (29%) Adjusted EBITDA Loss* $(8.1) $(17.0) 52% Cash, Cash Equivalents and Marketable Securities** $10

  9. Slide 9: Butterfly March 2024 Investor Day Key Takeaways

    Butterfly March 2024 Investor Day Key Takeaways Butterfly Garden and Butterfly has a Butterfly is leading a Powered by Butterfly HomeCare business digital ultrasound will contribute to plan in place, and is revolution with its meaningful revenue actively initiating robust R&D roadmap. generation over the

  10. Slide 10: Thank you! Questions?

    Thank you! Questions? 10

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