Butterfly Network, Inc. (LGVW.U) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	10-K/A
Revenues:
International	22.3	19.6	13.0	3.6
United States	51.1	43.0	33.2	24.0
Total revenues	73.4	62.6	46.3	27.6
Revenue growth [+]	17.3%	35.3%	67.7%
International	14.0%	50.4%	262.9%
United States	18.8%	29.4%	38.5%
Cost of goods sold	33.9	45.5	107.5	48.5
Gross profit	39.5	17.1	-61.2	-20.9
Gross margin	53.8%	27.3%	-132.4%	-75.8%
Selling, general and administrative [+]	143.4	135.3	50.7	32.5
Sales and marketing	59.9	49.6	26.3	14.3
General and administrative	83.5	85.7	24.4	18.2
Research and development	89.1	74.5	49.7	48.9
EBITDA [+]	-187.1	-190.6	-160.3	-101.5
EBITDA growth	-1.9%	18.9%	57.9%
EBITDA margin	-254.9%	-304.7%	-346.6%	-368.1%
Depreciation	2.6	1.6	1.3	0.8
EBITA	-189.7	-192.2	-161.6	-102.3
EBITA margin	-258.5%	-307.2%	-349.4%	-370.9%
Amortization of intangibles	3.3	0.5
EBIT [+]	-193.0	-192.7	-161.6	-102.3
EBIT growth	0.2%	19.2%	58.0%
EBIT margin	-263.0%	-308.0%	-349.4%	-370.9%
Interest income, net [+]	3.4	1.9	-0.9	2.7
Interest expense	0.0	0.7	1.1
Interest income	3.4	2.6	0.3	2.7
Other income (expense), net [+]	21.0	158.5	-0.2	-0.1
Change in fair value of warrants	20.9	161.1
Other	0.1	-2.6	-0.2	-0.1
Pre-tax income	-168.7	-32.3	-162.7	-99.7
Income taxes	0.0	0.1	0.0	0.0
Tax rate				0.0%
Net income	-168.7	-32.4	-162.7	-99.7
Net margin	-229.9%	-51.8%	-351.9%	-361.4%

Basic EPS [+]	($0.84)	($0.19)	($26.87)	($17.08)
Growth	352.8%	-99.3%	57.4%
Diluted EPS [+]	($0.84)	($0.19)	($26.87)	($17.08)
Growth	352.8%	-99.3%	57.4%

Shares outstanding (basic) [+]	199.8	173.8	6.1	5.8
Growth	15.0%	2769.8%	3.7%
Shares outstanding (diluted) [+]	199.8	173.8	6.1	5.8
Growth	15.0%	2769.8%	3.7%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.