Butterfly Network, Inc. · NYSE:BFLY
Butterfly Network — Q4 2024 Earnings Presentation
10 slides from Butterfly Network's earnings presentation, Feb 28, 2025
Slide 1: Butterfly Network Q4 & FY 2024 Earnings Call
Butterfly Network Q4 & FY 2024 Earnings Call February 28, 2025
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements in this presentation include “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology
Slide 3: Our Strategic Pillars To Drive Growth & Profitability
Our Strategic Pillars To Drive Growth & Profitability Strengthen Core Expand Differentiate Generate • Penetrate further into • Transform standard of • Continue investing in our • Drive market leading Hospitals, Clinics, care through new Ultrasound-on-Chip™ growth Veterinary, Med Schools, application
Slide 4: Core Point-of-Care Ultrasound Business
Core Point-of-Care Ultrasound Business 2024 Commercial Highlights • Launched New Products ○ Butterfly iQ3™ (United States, Canada, 15 EU countries, Australia, New Zealand, and Turkey) ○ ScanLab™ (Global) ○ Butterfly iQ+ Bladder™ (United States) • Medical Education Growth: Introduced Campus Essential
Slide 5: AI-powered apps compatible with Butterfly
AI-powered apps compatible with Butterfly. ✓ 4 new partners signed in Q4 2024, bringing portfolio to 21 companies ✓ 5 of 21 companies are expected to receive FDA clearance in 2025
Slide 6: The Future Driven By Chip-Enabled Ultrasound Technology
The Future Driven By Compact Chip-Enabled Ultrasound Affordable Technology Whole-body 3D ✓ Named third partner, Sonic Incytes, developing a novel approach to liver disease assessment ✓ Signed 2 additional new partners in the Neuroscience and Generative AI spaces ✓ All new partners are expected to dr
Slide 7: Butterfly HomeCare Services
Butterfly HomeCare Services Reimagining remote care – in nursing facilities and the home. Bedside nursing care Nurse acquires image, Aggregated & sent Reviewed via Telehealth Diagnosis & next steps aided by advanced AI through the cloud consultation determined Fourth Quarter 2024 Updates: ● Initiate
Slide 8: Record Quarterly & Annual Revenue
Record Quarterly & Annual Revenue USD (millions) Q4 2024 Q4 2023 Change Revenue $22.4 $16.5 35% Adjusted Gross Margin* 61.4% 56.6% 4.8 pts Operating expense $31.0 $34.2 (9%) Adjusted EBITDA Loss* $(9.1) $(15.7) 42% Cash, Cash Equivalents and Restricted Cash $92.8 $138.7 $(45.9) Revenue Guidance: $96
Slide 9: 2025: Entering the Next Era of Butterfly
2025: Entering the Next Era of Butterfly Entering 2025 strong with revenue momentum and a strengthened balance sheet Key health system ROI data is fueling our approach to deeper hospital penetration Driving our medical education strategy to increase 1-probe-per-student programs Progressing new oppor
Slide 10: Thank you! Questions?
Thank you! Questions? 10