Butterfly Network, Inc. (NYSE:BFLY) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET
Company Participants
Agnes Lee - Vice President, Investor Relations
Todd Fruchterman - President & Chief Executive Officer
Conference Call Participants
Josh Jennings - Cowen
Operator
Hello, and welcome to Butterfly Network's First Quarter 2022 Earnings Call. My name is Alex and I'll be coordinating the call today. [Operator Instructions]
I will now hand over to your host, Agnes Lee, Vice President of Investor Relations. Over to you, Agnes.
Agnes Lee
Good morning, and thank you for joining us today. Earlier this morning, Butterfly released financial results for the first quarter ended March 31, 2022, and provided a business update. The release and earnings presentation, which include a reconciliation of management's use of non-GAAP financial measures compared to the most applicable GAAP measures, are currently available on the Investors section of the company's website at ir.butterflynnetwork.com.
Dr. Todd Fruchterman, Butterfly's President and Chief Executive Officer will host this morning's call.
During today's call, we will be making certain forward-looking statements. These statements may include statements regarding, among other things, expectations with respect to financial results, future performance, development and commercialization of products and services, potential regulatory approvals, the size and potential growth of current or future markets for our products and services, and the impact of the COVID-19 pandemic on our business.
These forward-looking statements are based on current information, assumptions, and expectations that are subject to change and involve a number of risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements.
These and other risks are described in our filings made with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, and the company disclaims any obligation to update such statements.
During this call, we will refer to non-GAAP financial measures, including adjusted gross margin, adjusted gross profit, and adjusted EBITDA. These financial measures are not prepared in accordance with US Generally Accepted Accounting Principles or GAAP.
These non-GAAP financial measures are not intended to be considered in isolation or to substitute the results prepared in accordance with GAAP. The definitions and reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures and a discussion of why we present these non-GAAP financial measures are included in today's press release and at the end of the slide presentation.