Butterfly Network, Inc. · NYSE:BFLY
Butterfly Network — Q3 2023 Earnings Presentation
15 slides from Butterfly Network's earnings presentation, Nov 1, 2023
Slide 1: Q3 2023 Earnings Call
Q3 2023 Earnings Call Butterfly Network November 02, 2023
Slide 2: Forward Looking Statements
DISCLOSURES 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 expectat
Slide 3: Who We Are: 2023 Progress
WHO WE ARE Transforming care with the world’s first complete Ultrasound-on-Chip™ solution. 2023 Progress ● 2023 guidance of $64 million and improved EBITDA guidance ● Removed $170 million of annualized expenses over the past year – extending cash runway to 2026 ● Strengthened leadership team with dis
Slide 4: Butterfly Certified: Hands-on, expert-led training
BUTTERFLY CERTIFIED Hands-on, expert-led training. Butterfly Certified™ certification for clinical practice and clinical leadership.
Slide 5: Butterfly ScanLab
B U T T E R F L Y S CA N L A B Butterfly ScanLab™ Standalone AI-powered educational application for scanning practice, includes: ● Written walkthroughs amd reference imagery to guide real-time educational scanning. ● AI image quality indicators for real-time adjustment feedback. ● Interactive AI labe
Slide 6: Butterfly Garden
BUTTERFLY GARDEN Accelerating access to ultrasound AI built on the Butterfly platform through a growing ecosystem of development partners – including UNC, ThinkSono, Forest Neurotech, and more signed or in the pipeline.
Slide 7: Powered by Butterfly
POWERED BY BUTTERFLY — Minimally-invasive Ultrasound Implant Brain-wide Interaction with Neural Circuits Neurological and psychiatric disorders reflect imbalances in networks distributed across the brain. Forest is developing a minimally-invasive implant capable of measuring and modulating brain-wid
Slide 8: Moore's Law: transistor count on microchips
Moore’s Law: The number of transistors on microchips doubles every two years CURE lescribe : ; Data Transistor count
Slide 9: Butterfly Devices
BUTTERFLY DEVICES The broadest FDA clearance for a single probe on the market. Next generation to launch in 2024. Today: Butterfly iQ+ ✔ Handheld, whole-body ultrasound technology. ✔ 20+ presets, including cardiac, bladder, lung, and abdomen. ✔ Highly durable and most affordable handheld. 2024: Butter
Slide 10: Our Images: Lung comparison
OUR IMAGES See how Butterfly images look next to a traditional, analog PZT handheld… Lung - Lung A Lines GE Vscan Butterfly iQ+ Butterfly iQ3
Slide 11: Our Images: Cardiac comparison
OUR IMAGES See how Butterfly images look next to a traditional, analog PZT handheld… Cardiac - Apical Four-Chamber (AP4) GE Vscan CL Butterfly iQ+ Butterfly iQ3
Slide 12: Our Images: Carotid flow vs PMUT-chip handheld
OUR IMAGES And next to a PMUT-chip based handheld. Carotid Flow PMUT-Chip Handheld Butterfly iQ+ Butterfly iQ3 Exo Iris
Slide 13: Butterfly iQ3
BUTTERFLY iQ3
Slide 14: Improving Margins and Strong Cash Position
FINANCIALS Improving Margins and Strong Cash Position USD (millions) Q3 2023 Q3 2022*** Change Revenue $15.4 $19.6 (21%) Gross Margin 61.0% 56.0% 5 pts Operating expense $41.9 $57.0 (26%) Adjusted EBITDA Loss* $(12.5) $(31.8) 61% Cash, Cash Equivalents and Marketable Securities** $154.3 $242.1 $(87.
Slide 15: Thank you!
Thank you! Contact ir.butterflynetwork.com investors@butterflynetinc.com HQ: 1600 District Ave, Burlington, MA 01803