Butterfly Network Files 8-K on Financials and Operations
Ticker: BFLY · Form: 8-K · Filed: Jan 29, 2025 · CIK: 1804176
| Field | Detail |
|---|---|
| Company | Butterfly Network, Inc. (BFLY) |
| Form Type | 8-K |
| Filed Date | Jan 29, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50, $92.8 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-condition, operations, filing
TL;DR
Butterfly Network dropped an 8-K on Jan 29th detailing financials and operations. Check it out.
AI Summary
Butterfly Network, Inc. filed an 8-K on January 29, 2025, reporting on its results of operations, financial condition, and other events. The filing includes financial statements and exhibits, with the company's principal executive offices located at 1600 District Avenue, Burlington, MA.
Why It Matters
This 8-K filing provides crucial updates on Butterfly Network's financial performance and operational status, which are important for investors to assess the company's current health and future prospects.
Risk Assessment
Risk Level: medium — 8-K filings can contain significant financial and operational updates that may impact a company's stock price, warranting a medium risk assessment.
Key Players & Entities
- Butterfly Network, Inc. (company) — Registrant
- January 29, 2025 (date) — Date of earliest event reported
- 1600 District Avenue, Burlington, MA (location) — Principal executive offices address
- Longview Acquisition Corp. (company) — Former company name
FAQ
What specific financial results or operational events are detailed in this 8-K filing?
The filing indicates it covers 'Results of Operations and Financial Condition' and 'Other Events', and includes 'Financial Statements and Exhibits', but the specific details are not provided in the excerpt.
When was this 8-K report filed?
The report was filed on January 29, 2025.
What is Butterfly Network, Inc.'s primary business as indicated by its SIC code?
Butterfly Network, Inc. is classified under SIC code 3844, which pertains to 'X-RAY APPARATUS & TUBES & RELATED IRRADIATION APPARATUS'.
What was Butterfly Network, Inc. formerly known as?
Butterfly Network, Inc. was formerly known as Longview Acquisition Corp.
Where are Butterfly Network, Inc.'s principal executive offices located?
The principal executive offices are located at 1600 District Avenue, Burlington, MA 01803.
Filing Stats: 750 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2025-01-29 16:03:38
Key Financial Figures
- $0.0001 — tered Class A common stock, par value $0.0001 per share BFLY The New York Stock E
- $11.50 — mon stock, each at an exercise price of $11.50 per share BFLY WS The New York Stoc
- $92.8 million — s, and restricted cash of approximately $92.8 million at December 31, 2024. The Company has
Filing Documents
- tm254799d1_8k.htm (8-K) — 32KB
- tm254799d1_ex99-1.htm (EX-99.1) — 10KB
- tm254799d1_ex99-2.htm (EX-99.2) — 117KB
- 0001104659-25-007199.txt ( ) — 399KB
- bfly-20250129.xsd (EX-101.SCH) — 3KB
- bfly-20250129_def.xml (EX-101.DEF) — 26KB
- bfly-20250129_lab.xml (EX-101.LAB) — 36KB
- bfly-20250129_pre.xml (EX-101.PRE) — 25KB
- tm254799d1_8k_htm.xml (XML) — 5KB
02 Results of Operations and Financial
Item 2.02 Results of Operations and Financial Condition. On January 29, 2025, in connection with the commencement of the offering discussed below in Item 8.01, Butterfly Network, Inc. (the "Company") announced that it expects to report cash, cash equivalents, and restricted cash of approximately $92.8 million at December 31, 2024. The Company has not yet completed its fiscal year-end financial close process for the quarter ended December 31, 2024. This estimate of the Company's cash and cash equivalents at December 31, 2024 is preliminary, based on currently available information, has not been audited and is subject to change upon completion of the Company's financial statement closing procedures. Additional information and disclosure would be required for a more complete understanding of the Company's financial position and results of operations as of December 31, 2024. The preliminary financial data included in this release has been prepared by, and is the responsibility of, the Company's management. Deloitte & Touche LLP has not audited, reviewed, examined, compiled, nor applied agreed-upon procedures with respect to the preliminary financial data. Accordingly, Deloitte & Touche LLP does not express an opinion or any other form of assurance with respect thereto. The information presented herein should not be considered a substitute for the financial information the Company will file with the U.S. Securities and Exchange Commission in its annual report on Form 10-K for the fiscal year ended December 31, 2024.
01 Other Events
Item 8.01 Other Events. On January 29, 2025, the Company issued a press release announcing, subject to market and other customary conditions, the commencement of an underwritten public offering of Class A common stock. A copy of the press release is filed herewith as Exhibit 99.1. A copy of an amendment to the Company's lease for its executive offices in Burlington, Massachusetts is also filed herewith as Exhibit 99.2.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Exhibit Description 99.1 Press Release entitled "Butterfly Network Announces Proposed Public Offering of Common Stock" dated January 29, 2025 99.2 First Amendment to Lease, dated as of May 2022, by and between Neep Investors Holdings LLC and the Company. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BUTTERFLY NETWORK, INC. Date: January 29, 2025 By: /s/ Heather C. Getz, CPA Name: Heather C. Getz, CPA Title: Executive Vice President and Chief Financial & Operations Officer