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Butterfly Network (Butterfly Network) Operating Income : $-145.61 Mil (TTM As of Dec. 2023)


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What is Butterfly Network Operating Income?

Butterfly Network's Operating Income for the three months ended in Dec. 2023 was $-46.73 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-145.61 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Butterfly Network's Operating Income for the three months ended in Dec. 2023 was $-46.73 Mil. Butterfly Network's Revenue for the three months ended in Dec. 2023 was $16.52 Mil. Therefore, Butterfly Network's Operating Margin % for the quarter that ended in Dec. 2023 was -282.94%.

Butterfly Network's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Butterfly Network's annualized ROC % for the quarter that ended in Dec. 2023 was -112.92%. Butterfly Network's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -165.51%.


Butterfly Network Operating Income Historical Data

The historical data trend for Butterfly Network's Operating Income 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 Operating Income Chart

Butterfly Network Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
-102.30 -161.62 -192.73 -193.02 -145.61

Butterfly Network Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -49.00 -35.05 -31.26 -32.56 -46.73

Butterfly Network Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-145.61 Mil.

* 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.


Butterfly Network  (NYSE:BFLY) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Butterfly Network's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-186.924 * ( 1 - 0% )/( (170.443 + 160.641)/ 2 )
=-186.924/165.542
=-112.92 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=334.222 - 13.773 - ( 150.006 - max(0, 45.359 - 268.585+150.006))
=170.443

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=304.274 - 9.196 - ( 134.437 - max(0, 44.271 - 231.263+134.437))
=160.641

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Butterfly Network's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-176.484/( ( (42.378 + max(75.143, 0)) + (40.996 + max(54.747, 0)) )/ 2 )
=-176.484/( ( 117.521 + 95.743 )/ 2 )
=-176.484/106.632
=-165.51 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.646 + 94.016 + 10.917) - (13.773 + 16.398 + 13.265)
=75.143

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.418 + 73.022 + 10.386) - (9.196 + 17.238 + 15.645)
=54.747

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Butterfly Network's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=-46.731/16.516
=-282.94 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Butterfly Network Operating Income Related Terms

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Butterfly Network (Butterfly Network) Business Description

Traded in Other Exchanges
N/A
Address
1600 District Avenue, Guilford, Burlington, MA, USA, 01803
Butterfly Network Inc is a digital health business transforming care with handheld, whole-body ultrasound. Powered by its proprietary Ultrasound-on-Chip technology, its solution enables the acquisition of imaging information from an affordable, powerful device that fits in a healthcare professional's pocket with a combination of cloud-connected software and hardware technology that is easily accessed through a mobile application. Butterfly enables the practical application of ultrasound information in the clinical workflow. Butterfly iQ+ is an ultrasound device that can perform whole-body imaging in a single handheld probe using semiconductor technology. With its small, handheld size, low cost, and simple user interface.
Executives
Andrei G Stoica officer: Chief Technology Officer 1000 CEDAR HOLLOW ROAD, MALVERN PA 19355
Heather C Getz officer: EVP & Chief Financial Officer BIOTELEMETRY, INC., 1000 CEDAR HOLLOW ROAD, #102, MALVERN PA 19355
Joseph Devivo director, officer: President & CEO BUTTERFLY NETWORK, INC., 1600 DISTRICT AVENUE, BURLINGTON MA 01803
Lawrence T Weiss officer: CLO, GC and Corp Sec 530 OLD WHITFIELD STREET, GUILFOD CT 06437
John David Martin officer: Chief Medical Officer C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 06437
Darius Shahida officer: CSO & CBDO C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 203-689-56
Troy Quander officer: SVP, Regulatory and Quality 530 OLD WHITFIELD STREET, C/O BUTTERFLY NETWORK, INC., GUILFORD CT 06437
Tamara Dillon officer: Chief People Officer 530 OLD WHITFIELD STREET, GUILFORD CT 06437
Stephanie Fielding officer: Chief Financial Officer C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 06437
Larry Robbins director, 10 percent owner 767 FIFTH AVENUE, 44TH FLOOR, NEW YORK NY 10153
Mary Miller officer: GC and CS C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 06437
Stacey Pugh officer: Chief Commercial Officer C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 06437
Todd Fruchterman director, officer: President and CEO C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 06437
Erica Schwartz director 400 INTERSTATE N. PARKWAY SE, SUITE 1600, C/O AVEANNA HEALTHCARE HOLDINGS INC., ATLANTA GA 30339
David Perri officer: Chief Operating Officer C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101