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Butterfly Network Piotroski F-Score

: N/A (As of Today)
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The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Butterfly Network has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Butterfly Network's Piotroski F-Score or its related term are showing as below:

During the past 3 years, the highest Piotroski F-Score of Butterfly Network was 9999. The lowest was 0. And the median was 0.


Butterfly Network Piotroski F-Score Historical Data

The historical data trend for Butterfly Network's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Butterfly Network Annual Data
Trend Dec19 Dec20 Dec21
Piotroski F-Score
N/A N/A N/A

Butterfly Network Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A N/A N/A

Competitive Comparison

For the Medical Devices subindustry, Butterfly Network's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Butterfly Network Piotroski F-Score Distribution

For the Medical Devices & Instruments industry and Healthcare sector, Butterfly Network's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Butterfly Network's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar22) TTM:Last Year (Mar21) TTM:
Net Income was -2.942 + -13.561 + -15.216 + -44.477 = $-76.20 Mil.
Cash Flow from Operations was -36.502 + -46.481 + -42.777 + -54.234 = $-179.99 Mil.
Revenue was 16.513 + 14.621 + 18.987 + 15.574 = $65.70 Mil.
Gross Profit was 8.22 + -5.122 + 7.54 + 8.342 = $18.98 Mil.
Average Total Assets from the begining of this year (Mar21)
to the end of this year (Mar22) was
(647.478 + 631.263 + 580.318 + 571.965 + 535.42) / 5 = $593.2888 Mil.
Total Assets at the begining of this year (Mar21) was $647.48 Mil.
Long-Term Debt & Capital Lease Obligation was $30.10 Mil.
Total Current Assets was $474.31 Mil.
Total Current Liabilities was $50.71 Mil.
Net Income was -23.241 + -92.208 + -22.942 + -0.69 = $-139.08 Mil.

Revenue was 11.792 + 10.135 + 15.655 + 12.443 = $50.03 Mil.
Gross Profit was 0.165 + -69.251 + 8.699 + 6.416 = $-53.97 Mil.
Average Total Assets from the begining of last year (Mar20)
to the end of last year (Mar21) was
(0 + 0 + 0 + 147.191 + 647.478) / 5 = $397.3345 Mil.
Total Assets at the begining of last year (Mar20) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $605.18 Mil.
Total Current Liabilities was $52.37 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Butterfly Network's current Net Income (TTM) was -76.20. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Butterfly Network's current Cash Flow from Operations (TTM) was -179.99. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar21)
=-76.196/647.478
=-0.11768122

ROA (Last Year)=Net Income/Total Assets (Mar20)
=-139.081/0
=

Butterfly Network's return on assets of this year was -0.11768122. Butterfly Network's return on assets of last year was . ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Butterfly Network's current Net Income (TTM) was -76.20. Butterfly Network's current Cash Flow from Operations (TTM) was -179.99. ==> -179.99 <= -76.20 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=30.097/593.2888
=0.05072909

Gearing (Last Year: Mar21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar20 to Mar21
=0/397.3345
=0

Butterfly Network's gearing of this year was 0.05072909. Butterfly Network's gearing of last year was 0. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar22)=Total Current Assets/Total Current Liabilities
=474.306/50.707
=9.35385647

Current Ratio (Last Year: Mar21)=Total Current Assets/Total Current Liabilities
=605.184/52.372
=11.55548767

Butterfly Network's current ratio of this year was 9.35385647. Butterfly Network's current ratio of last year was 11.55548767. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Butterfly Network's number of shares in issue this year was 199. Butterfly Network's number of shares in issue last year was 105.917. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=18.98/65.695
=0.28891088

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-53.971/50.025
=-1.07888056

Butterfly Network's gross margin of this year was 0.28891088. Butterfly Network's gross margin of last year was -1.07888056. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar21)
=65.695/647.478
=0.10146291

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar20)
=50.025/0
=

Butterfly Network's asset turnover of this year was 0.10146291. Butterfly Network's asset turnover of last year was . ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+1+0+0+0+0+1+1
=3

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Butterfly Network has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Butterfly Network  (NYSE:BFLY) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Butterfly Network Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Butterfly Network's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Butterfly Network Business Description

Butterfly Network logo
Industry
Traded in Other Exchanges
Address
530 Old Whitfield Street, Guilford, Guilford, CT, USA, 06437
Butterfly Network Inc is an innovative digital health company. It is working towards democratizing medical imaging by making it accessible to everyone around the world and contribute to the aspiration of global health equity. The company has developed a groundbreaking single-probe, whole-body point-of-care ultrasound solution leveraging technology.
Executives
Getz Heather C officer: EVP & Chief Financial Officer BIOTELEMETRY, INC. 1000 CEDAR HOLLOW ROAD, #102 MALVERN PA 19355
Martin John David officer: Chief Medical Officer C/O BUTTERFLY NETWORK, INC. 530 OLD WHITFIELD STREET GUILFORD CT 06437
Quander Troy officer: SVP, Regulatory and Quality 530 OLD WHITFIELD STREET C/O BUTTERFLY NETWORK, INC. GUILFORD CT 06437
Schwartz Erica director 400 INTERSTATE N. PARKWAY SE, SUITE 1600 C/O AVEANNA HEALTHCARE HOLDINGS INC. ATLANTA GA 30339
Stoica Andrei G officer: Chief Technology Officer 1000 CEDAR HOLLOW ROAD MALVERN PA 19355
Trodden Timothy officer: Chief Human Resources Officer 8735 HENDERSON ROAD REN 2 TAMPA FL 33634
Pugh Stacey officer: Chief Commercial Officer C/O BUTTERFLY NETWORK, INC. 530 OLD WHITFIELD STREET GUILFORD CT 06437
Edelman Elazer R director C/O BUTTERFLY NETWORKS, INC. 530 OLD WHITFIELD STREET GUILFORD CT 06437
Shahida Darius officer: CSO & CBDO C/O BUTTERFLY NETWORK, INC. 530 OLD WHITFIELD STREET GUILFORD CT 203-689-56
Rothberg Jonathan M director, 10 percent owner C/O BUTTERFLY NETWORK, INC. 530 OLD WHITFIELD ST. GUILFORD CT 06437
Molinari Gioel officer: EVP & CPO C/O BUTTERFLY NETWORK, INC. 530 OLD WHITFIELD STREET GUILFORD CT 06437
4c Holdings I, Llc 10 percent owner C/O BUTTERFLY NETWORK, INC. 530 OLD WHITFIELD STREET GUILFORD CT 06437
Fielding Stephanie officer: Chief Financial Officer C/O BUTTERFLY NETWORK, INC. 530 OLD WHITFIELD STREET GUILFORD CT 06437
Miller Mary officer: GC and CS C/O BUTTERFLY NETWORK, INC. 530 OLD WHITFIELD STREET GUILFORD CT 06437
Rothberg Family Fund I, Llc 10 percent owner C/O BUTTERFLY NETWORK, INC. 530 OLD WHITFIELD STREET GUILFORD CT 06437

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