Butterfly Network, Inc. · NYSE:BFLY
Butterfly Network — Q1 2025 Earnings Presentation
10 slides from Butterfly Network's earnings presentation, May 2, 2025
Slide 1: Butterfly Network Q1 2025 Earnings Call
Butterfly Network Q1 2025 Earnings Call May 2, 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. Our actual results may differ from our expectations, estimates, and projec
Slide 3: Our Evolved Portfolio: Diversified Paths to Growth
Our Evolved Portfolio: Diversified Paths to Growth Core POCUS Business Strategic Initiatives Devices Software Services Butterfly Garden™ Butterfly HomeCare Octiv™ 3
Slide 4: Core POCUS Business: Q1 2025 Key Focus Areas
Core POCUS Business Q1 2025 Key Focus Areas Continued momentum with schools committing Medical Education to 1:1 models and student-buy programs. Progressed enterprise pipeline, including groundwork Hospital Systems for a highly anticipated Q2 opportunity. International Focused on bringing iQ3 to mor
Slide 5: First Quarter 2025 Financials
First Quarter 2025 Financials USD (millions) Q1 2025 Q1 2024** Change Revenue $21.2 $17.7 20% Gross Margin 63.0% 58.2% 4.8 pts Operating expense $31.8 $32.9 (3%) Adjusted EBITDA Loss* $(9.1) $(13.2) 31% Cash and Cash Equivalents $155.2 $88.8 $66.4 Reaffirmed 2025 guidance of $96 - $100 million or ~20%
Slide 6: The Future Driven By Chip-Enabled Ultrasound Technology
Wearables Implantables The Future Driven By Chip- Interventional Enabled Ultrasound Technology Therapeutics ✓ 5 signed partners in the portfolio ✓ Over 25 prospects in the pipeline And a world of non- medical applications… 6
Slide 7: AI-powered apps compatible with Butterfly
AI-powered apps compatible with Butterfly. ✓ 2 new partners signed in Q1, totaling 23 portfolio companies ✓ On track for first partners to commercialize FDA-cleared apps for clinical use this year 7
Slide 8: Butterfly HomeCare
Butterfly HomeCare 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 First Quarter 2025 Update: Pilot for virtual chr
Slide 9: A New Era of POCUS: Becoming the Standard
A New Era of POCUS: Becoming the Standard https://www.cbsnews.com/news/aortic-dissection-loeys-dietz-syndrome-robert- wood-johnson/ Credit: IG @MeganBCall 9
Slide 10: Thank you! Questions?
Thank you! Questions? 10