Butterfly Network, Inc. · NYSE:BFLY

Butterfly Network — Q4 2023 Earnings Presentation

18 slides from Butterfly Network's earnings presentation, Feb 28, 2024

  1. Slide 1: Full Year & Q4 2023 Earnings Call

    Full Year & Q4 2023 Earnings Call Add animation Butterfly Network here February 28, 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. Butterfly Network, Inc.’s (the “Company”) actual results may differ from its expectations, esti

  3. Slide 3: Transforming care with the world's first complete Ultrasound-on-Chip solution

    Transforming care with the world’s first complete Ultrasound-on-Chip™ solution. ● Announced 2023 Revenue of $65.9mm, exceeding our 2023 Revenue Guidance of $64 million. ● Received FDA clearance and commercially launched Butterfly iQ3. ● Released Butterfly ScanLab™ AI-guided education app. ● In 2023,

  4. Slide 4: Driving competency through education & ease of use

    Driving competency through education & ease of use. Expert-led AI-powered Butterfly Certified™ Auto B-line Counter Access dedicated training, hand-delivered by POCUS experts, Produces a B-line count from just a six-second ultrasound clip, credential staff and meet privileging requirements at scale.

  5. Slide 5: Growing our new Butterfly Garden & Powered by Butterfly revenue streams

    Growing our new Butterfly Garden™ & Powered by Butterfly™ revenue streams. The Abu-Mostafa group at Key = SDK Development only = Powered By Butterfly™ Chip Development + SDK

  6. Slide 6: AI-powered education with ScanLab

    SCANLAB™ AI-powered education with ScanLab. ● An educational app built for learners to develop and strengthen POCUS skills ● Easily and accurately identify anatomy with real-time feedback

  7. Slide 7: Financials

    Financials Heather Getz Executive Vice President, Chief Financial & Operations Officer, Butterfly Network

  8. Slide 8: Improving Margins and Strong Cash Position

    FINANCIALS Improving Margins and Strong Cash Position USD (millions) Q4 2023 Q4 2022 Change Revenue $16.5 $19.0 (13%) Adjusted Gross Margin 56.6% 54.5% 2.1 pts Operating expense $34.2 $58.6 (42%) Adjusted EBITDA Loss* $(15.7) $(27.7) 43% Cash, Cash Equivalents and Marketable Securities** $138.7 $242

  9. Slide 9: Strategy Overview

    Strategy Overview Joseph DeVivo, President, Chief Executive Officer & Chairman Butterfly Network

  10. Slide 10: Unparalleled image quality

    iQ3 PROBE Unparalleled image quality.

  11. Slide 11: The operating system every hospital needs: Butterfly iQ3 with Compass

    The operating system every hospital needs: Butterfly iQ3 with Compass™ Workflow Billing Easily document, review and Increase your percentage of QA scans from anywhere, on billable ultrasound exams & any device. reduce phantom scanning. Storage & Security Interoperability Unlimited HIPAA-compliant PA

  12. Slide 12: iQ SLICE

    iQ SLICE™ Place probe and hold steady as our chip automatically scans an organ to capture 46 ultrasound clips. Scroll to select the best image.

  13. Slide 13: iQ FAN

    i Q F A N™ Place probe and hold steady as our chip auto-steers the beam to fan the lung. Visualize A-lines and lung conditions with more ease.

  14. Slide 14: Even carts are meeting their match

    iQ3 PROBE Even carts are meeting their match. The diagnostic accuracy of [Butterfly] is similar to the accuracy of a traditional, cart-based model when performing cardiac, lung, biliary, renal, or abdominal aorta studies. - Published in The Western Journal of Emergency Medicine

  15. Slide 15: New markets in progress

    GLOBAL EXPANSION New markets in progress: Indonesia, Philippines, Malaysia, Bangladesh and Singapore Received positive recommendation for certification from our Notified Body (pending final certificate) Briefed the European Commission on Butterfly devices as a viable, RoHS-compliant alternative to l

  16. Slide 16: Our ScanLab app – a lever for adoption

    Our ScanLab™ app – a lever for adoption. Reference imagery illustrates proper probe placement. Relevant anatomy highlighted through Deep Learning model shown on live imaging. Users are provided guided, contextual actions on probe orientation, and focal points of examination. Quality indicators provi

  17. Slide 17: Exploring Auto B-lines for Feedlot Cattle Health

    iQ+ VET Exploring Auto B-lines for Feedlot Cattle Health

  18. Slide 18: Thank you! Questions?

    Thank you! — Questions?

Butterfly Network — Q4 2023 Earnings Presentation on 6ix