Butterfly Network, Inc. — Form 8-K Summary
Business context and reporting period
Butterfly Network, Inc. furnished a Form 8-K dated May 11, 2023, under Item 2.02 to announce results for the first quarter ended March 31, 2023, and provide a business update. The filing references a related press release furnished as Exhibit 99.1, but the press release text is not included in the provided filing content.
Financial results and key metrics
- Revenue, net income or loss, cash flow, margins, debt, liquidity, and other financial metrics are not provided in the filing text supplied.
- The filing does not provide a clear value for any year-over-year or sequential financial comparison.
Material changes versus the prior comparable period
The filing indicates that first-quarter 2023 results were announced, but it does not include the underlying results or a clear comparison with the prior comparable period.
Guidance, outlook, commentary, and risks
The filing states that the company provided a business update. Specific management commentary, guidance, outlook, risks, contingencies, and unusual items are not included in the supplied text.
The information in the Form 8-K and Exhibit 99.1 was furnished rather than filed for purposes of Section 18 of the Exchange Act and is not incorporated by reference into other filings except where expressly stated.
Key facts for investors to verify
- Review Exhibit 99.1 for first-quarter 2023 revenue, profitability, cash flow, cash balance, debt, operating metrics, and year-over-year comparisons.
- Verify any forward guidance, liquidity commentary, restructuring or other unusual items, and stated business risks in the complete press release.
- Confirm the filing’s event date of May 11, 2023 and reporting period ended March 31, 2023.
- Note that the company’s Class A common stock trades under BFLY and its warrants under BFLY WS on the New York Stock Exchange.