Butterfly Network, Inc. (NYSE:BFLY) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET

Company Participants

Heather Getz - Chief Financial and Operations Officer
Joe DeVivo - Chairman and CEO

Conference Call Participants

Suraj Kalia - Oppenheimer & Co.
Josh Jennings - TD Cowen

Operator

Good afternoon. Thank you for attending the Butterfly Network First Quarter 2024 Earnings Call. My name is Victoria, and I'll be your moderator today. [Operator Instructions]

I would now like to pass the conference over to your host, Heather Getz. Thank you. You may proceed, Heather.

Heather Getz

Good afternoon, and thank you for joining us today. Earlier today, Butterfly released financial results for the first quarter ended March 31, 2024 and provided a business update. The release and earnings presentation, which includes a reconciliation of management use of non-GAAP financial measures compared to the most applicable GAAP measures are currently available on the Investor section of the company's website at ir.butterflynetwork.com.

I, Heather Getz, Chief Financial and Operations Officer at Butterfly, alongside Joseph DeVivo, Butterfly's Chairman and Chief Executive Officer, will host this afternoon's call.

During today's call, we will be making certain forward-looking statements. These statements may include, among other things, expectations with respect to financial results, future performance, development and commercialization of products and services, potential regulatory approvals, and the size and potential growth of current, or future markets for our products and services.

These forward-looking statements are based on current information, assumptions, and expectations that are subject to change, and involve a number of known and unknown risks, uncertainties, and other factors 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. As a reminder, this call is being webcast live and recorded and we will be referencing a slide presentation in conjunction with our remarks. There may be a short delay, between the live audio and the presentation being shown. On the same page, you will also be able to access the webcast live, and replay once the call has completed.

I would now like to turn the call over to Joe. Joe?

Joe DeVivo

So good afternoon everyone and thank you for joining us for our first quarter 2024 conference call. We've had a really good quarter and a perfect start to what will be a great year for Butterfly. We delivered 14% revenue growth, which was above expectations and are now raising revenue and earnings guidance for the full year.