BFLY - Butterfly Network GAAP EPS of -$0.17 beats by $0.05 revenue of $19M misses by $0.93M
- Butterfly Network press release ( NYSE: BFLY ): Q4 GAAP EPS of -$0.17 beats by $0.05 .
- Revenue of $19M (flat Y/Y) misses by $0.93M .
- Product revenue decreased 12.2% to $12.7 million from $14.4 million in the fourth quarter of 2021. Software and other services revenue increased 38.3% to $6.3 million from $4.6 million in the fourth quarter of 2021.
- Expecting full year 2023 revenue growth in the high teens to low 20 percent range with the expectation that the second half of the year will be stronger than the first half.
- For the first quarter we are expecting flat to slightly higher revenue compared to 2022.
- Expect full year adjusted EBITDA loss in the range of $95 million - $85 million compared to the adjusted EBITDA loss of $140.0 million in 2022.
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Butterfly Network GAAP EPS of -$0.17 beats by $0.05, revenue of $19M misses by $0.93M