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BFLYW • CIK 0001804176
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Gross Profit | $16,856 | $48,831 | $45,734 | $59,036 |
| Operating Income (Loss) | $-145,610 | $-74,411 | $-86,415 | $-79,385 |
| Investment Income, Interest | $7,450 | $5,020 | $5,911 | $5,021 |
| InterestExpenseNonoperating | — | $1,261 | $1,490 | $1,336 |
| Fair Value Adjustment of Warrants | $-4,544 | $1,859 | $-2,272 | $-1,239 |
| Other Nonoperating Income (Expense) | $-2 | $-13 | $2,768 | $-306 |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $-133,618 | $-72,524 | $-76,954 | $-74,767 |
| Income Tax Expense (Benefit) | $82 | $-32 | $110 | $83 |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | — | — | $-77,064 | $-74,850 |
| Net Income (Loss) Attributable to Parent | $-133,700 | $-72,492 | $-77,064 | $-74,850 |
| Weighted Average Number of Shares Outstanding, Basic | 205,385,544 | 211,682,760 | 247,124,365 | 264,752,533 |
| Revenue from Contract with Customer, Excluding Assessed Tax | $65,900 | $82,056 | $97,610 | $112,144 |
| Cost of Goods and Services Sold | — | — | $51,876 | $53,108 |
| Research and Development Expense | $55,616 | $37,800 | $36,262 | $38,103 |
| Selling and Marketing Expense | $39,073 | $41,567 | $45,876 | $45,581 |
| General and Administrative Expense | $49,613 | $39,810 | $39,235 | $42,679 |
| Other Expenses | $18,164 | $4,065 | $10,776 | $12,058 |
| Operating Expenses | $162,466 | $123,242 | $132,149 | $138,421 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Property, Plant and Equipment, Net | $25,321 | $19,518 | $16,587 | $15,850 |
| Intangible Assets, Net (Excluding Goodwill) | $10,317 | $8,916 | $7,516 | $6,816 |
| Operating Lease, Right-of-Use Asset | $15,675 | $14,233 | $12,652 | $11,805 |
| Other Assets, Noncurrent | $6,422 | $5,760 | $5,667 | $5,709 |
| Assets | $304,274 | $256,082 | $296,533 | $282,995 |
| Contract with Customer, Liability, Noncurrent | $7,394 | $7,315 | $9,391 | $10,185 |
| Warrants and Rights Outstanding | — | — | $0 | $0 |
| Operating Lease, Liability, Noncurrent | $22,835 | $20,398 | $17,721 | $16,293 |
| Other Liabilities, Noncurrent | $8,895 | $8,637 | $8,325 | $8,514 |
| Liabilities | $84,221 | $87,250 | $100,554 | $93,595 |
| Cash and Cash Equivalents, at Carrying Value | $134,437 | $88,775 | $150,489 | $124,659 |
| Accounts Receivable, after Allowance for Credit Loss, Current | $13,418 | $20,793 | $26,744 | $34,554 |
| Inventory, Net | $73,022 | $70,789 | $61,389 | $58,559 |
| Advances on Inventory Purchases | $2,815 | $5,547 | $2,063 | $2,157 |
| Prepaid Expense and Other Assets, Current | $7,571 | $6,709 | $8,418 | $18,018 |
| Assets, Current | $231,263 | $192,613 | $249,103 | $237,947 |
| Accounts Payable, Current | $5,090 | $4,250 | $5,442 | $3,518 |
| Contract with Customer, Liability, Current | $15,625 | $16,139 | $26,909 | $15,472 |
| Accrued Liabilities and Other Liabilities | $23,425 | $27,695 | $32,222 | $39,482 |
| Liabilities, Current | $44,271 | $48,215 | $65,117 | $58,603 |
| Additional Paid in Capital | $949,670 | $970,940 | $1,075,147 | $1,094,154 |
| Retained Earnings (Accumulated Deficit) | $-729,638 | $-802,130 | $-879,194 | $-904,781 |
| Stockholders' Equity Attributable to Parent | $220,053 | $168,832 | $195,979 | $189,400 |
| Accounts Receivable, Allowance for Credit Loss, Current | — | $2,583 | $1,389 | $1,785 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $-133,700 | $-72,492 | $-77,064 | $-74,850 |
| Net Cash Provided by (Used in) Operating Activities | $-98,820 | $-41,707 | $-12,700 | $-24,019 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $-28,178 | $-45,860 | $61,714 | $-23,477 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $138,650 | $92,790 | $154,504 | $137,246 |
| Payments to Acquire Marketable Securities | $297 | $0 | $0 | $0 |
| Paid-in-Kind Interest | $389 | $1,256 | $1,490 | $1,338 |
| Proceeds from Sale and Maturity of Marketable Securities | $76,484 | $0 | $0 | $0 |
| Inventory Write-down | $21,083 | $15 | $7,975 | $7,909 |
| Payments to Acquire Property, Plant, and Equipment | $5,783 | $2,694 | $3,348 | $4,023 |
| Proceeds from Sale of Property, Plant, and Equipment | $10 | $36 | $0 | $0 |
| Share-based Payment Arrangement, Noncash Expense | $27,480 | $21,032 | $23,435 | $23,867 |
| Net Cash Provided by (Used in) Investing Activities | $70,414 | $-2,658 | $-3,348 | $-4,023 |
| Gain (Loss) on Termination of Lease | $214 | $0 | $0 | $0 |
| Other Operating Activities, Cash Flow Statement | $633 | $1,102 | $799 | $1,461 |
| Increase (Decrease) in Accounts Receivable | $162 | $8,503 | $6,753 | $11,480 |
| Increase (Decrease) in Inventories | $34,135 | $-2,218 | $-1,425 | $-2,439 |
| Proceeds from Stock Plans | — | $495 | $1,415 | $1,699 |
| Increase (Decrease) in Prepaid Expense and Other Assets | $-2,979 | $-1,304 | $1,616 | $10,372 |
| Proceeds from Issuance of Common Stock | — | — | $81,006 | $0 |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $2,784 | $16 |
| Increase (Decrease) in Accounts Payable, Trade | $-1,875 | $-841 | $1,195 | $177 |
| Increase (Decrease) in Deferred Revenue | $2,206 | $435 | $12,846 | $2,784 |
| Net Cash Provided by (Used in) Financing Activities | $228 | $-1,495 | $77,762 | $4,565 |
| Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities | $-3,586 | $3,814 | $5,096 | $15,416 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $810 | $810 |
| Capital Expenditures Incurred but Not yet Paid | $9,247 | $470 | $396 | $396 |