Slide 1: Q1 2023 Earnings Call
Q1 2023 Earnings Call May 11th, 2023
Slide 2: Legal Statements
Legal 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. Butterfly Network, Inc.’s (the “Company”) actual results may differ from its e
Slide 3: Our Mission and Vision
Our Mission. To democratize healthcare by making medical imaging accessible to everyone. Our Vision. That all people, everywhere, get the right care, driven by the right clinical decisions at the right time.
Slide 4: The Butterfly Solution
The Butterfly Solution Butterfly completes the information gap with powerful insights, delivered in an intuitive and easy way… To a complete solution Our comprehensive solution unlocks the true potential of ultrasound information once and for all. Hardware From innovation Ultrasound-on-Chip Platform
Slide 5: Easy. Everywhere. Economical.
Butterfly goes where POCUS cannot go… By making Butterfly easy, and demonstrating its economic value, we will go where competitors cannot… Health Systems International Expansion Home Adjacent Value Streams Path to Home Easy. Everywhere. Economical. International / Geographic Expansion Butterfly’s ac
Slide 6: Why Butterfly: Health Systems & Medical Education, International Expansion
Health Systems & Medical Education International Expansion Why Butterfly Health Systems continue to adopt Butterfly’s enterprise software solution to deploy our portfolio of products at new scale domestically and internationally The Butterfly Enterprise Solution Butterfly Blueprint™ provides a syste
Slide 7: Why Butterfly: Clinical Progress & Home
Clinical Progress & Home Why Butterfly Butterfly will deliver powerful clinical information from the home to patients and practitioners alike We see the home as the final frontier for Butterfly to deliver powerful clinical insights for millions of patients suffering from chronic conditions… Key Appl
Slide 8: Why Butterfly: Adjacent Value Streams
Adjacent Value Streams Why Butterfly Butterfly is solving the information gap in Veterinary Medicine and becoming part of the standard physical exam… The Butterfly Veterinary Opportunity Butterfly is transforming Veterinary Medicine by empowering Veterinarians with clinical insights and information
Slide 9: Q1 2023 Financials
Q1 2023 Financials 9
Slide 10: Total Revenue Flat YoY In-line with Guidance
Total Revenue Flat YoY In-line with Guidance $15.5 million Total Revenue in Q1 2023 $15.5 million Total Revenue $15.6 million Total Revenue 20 $4.6 USD (millions) $6.5 10 $11.0 $8.8 0 Q1 2023 Q1 2022 Product Revenue Subscription Revenue 10
Slide 11: Improving Margins and Strong Cash Position
Improving Margins and Strong Cash Position Selected Financials (Dollars in Millions) – Q1 2023 Compared to Q1 2022 USD (millions) Q1 2023 Q1 2022 Gross Profit $9.1 $8.3 - Gross Margin 58.7% 53.6% Adjusted EBITDA* ($22.3) ($39.7) Cash, Cash Equivalents and Marketable Securities** $198.4 $368.7 *See 5
Slide 12: Thank you.
a4 Thank you.