Butterfly Network

Butterfly Network, Inc. designs a medical imaging device that reduces the cost of real-time and three-dimensional imaging and treatment. It develops and provides a whole-body portable ultrasound scanner called the iQ Device and related hosted, web-based application, application programming interfaces and platform services, which the firm offer to physicians or other licensed health care providers. Its products include iQ+ Ultrasound, Butterfly Enterprise and iQ Vet. The company was founded by Jonathan M. Rothberg on January 25, 2011 and is headquartered in Burlington, MA.

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Butterfly Network reports Q4 growth, seeks CEO for tech scaling

Butterfly Network's Q4 2022 performance showed revenue growth and improved cost management.
The company's strengths lie in democratizing healthcare, international expansion, and cost efficiency.
Challenges include external factors affecting deployments and the ongoing CEO search.
Opportunities for growth include revenue expectations, product developments, and efficiency enhancements.

Butterfly Network reports stable Q1 revenue, eyes AI and home markets

Butterfly Network's Q1 2023 performance showed mixed results with flat revenue but improved margins and reduced EBITDA loss.
The company's strengths in democratizing medical imaging, AI utilization, and strong cash position position it well for future growth.
Challenges include product revenue decline, slower customer growth, and the need to address international distribution weaknesses.
Opportunities in AI, software expansion, home market penetration, and exciting developments offer avenues for future success.

Butterfly Network reports Q2 revenue, focuses on innovation and growth

Butterfly Network's Q2 2023 performance showed mixed results with growth in U.S. sales but a decline in international sales.
The company is leveraging core strengths, launching innovative products, and focusing on revenue growth initiatives.
Challenges include declining international sales and potential impact on current sales due to the upcoming iQ3 launch.
Opportunities lie in new product launches, e-commerce strategy, market expansion, and technology advancements beyond iQ3.

Butterfly Network reports Q3 revenue decline but eyes future growth

Butterfly Network's Q3 2023 performance reflects a strategic shift towards higher-margin offerings and improved operational efficiency.
The company's strengths in revolutionizing ultrasound imaging, education offerings, and partnerships position it for future growth.
Challenges include revenue decline, competitive landscape, and the need for sustained investment in R&D and operational improvements.
Opportunities in upcoming product launches, market expansion, and revenue-sharing agreements present avenues for growth and innovation.

Butterfly Network reports improved Q4 financials and plans expansion

Butterfly Network's financials improved in Q4 2023 with revenue decline but better margins.
Strategic focus on product innovation, global expansion, and revenue growth drivers.
Challenges include revenue decline, EBITDA loss, and potential regulatory impacts.
Opportunities lie in planned growth strategies, resource additions, and lobbying efforts.

Butterfly Network excels in Q1 2024, eyes global expansion

Butterfly Network's Q1 2024 showcased strong revenue growth and operational improvements.
While facing challenges with compliance and financial losses, the company is optimistic about growth.
Strategic priorities and innovative technologies position Butterfly for future success and market expansion.

Butterfly Network reports robust Q2 growth, eyes AI opportunities

Butterfly Network's Q2 performance reflects strong revenue growth, improved cost efficiency, and a positive outlook for the year. The company's strengths in sustainable revenue growth, AI advancements, and strategic partnerships enhance its competitive position. Challenges in regulatory compliance and market expansion require careful navigation, while opportunities in AI, partnerships, and clinical applications offer avenues for growth.

Butterfly Network posts robust Q3 results, eyes tech innovation for growth

Butterfly Network's Q3 2024 performance reflects strong revenue growth, improved profitability, and strategic initiatives for future expansion and innovation.
While facing challenges in managing EBITDA losses and regulatory compliance, the company's financial strength and growth outlook present a positive trajectory.
Opportunities in technological innovation, market expansion, and healthcare initiatives position Butterfly Network for sustained growth and competitive advantage in the industry.

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Butterfly Network, Inc. (NYSE:BFLY ) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET Company Participants Heather Getz - Chief Financial and Operations Officer Joseph DeVivo - Chairman & Chief Executive Officer Conference Call Participants Joshua Jennings - TD Cowen Suraj Kalia - Oppenheimer Operator Hello. Thank you for attending the Butterfly Network Q3 2023 Earnings Call.

Butterfly Network, Inc. (BFLY) Q3 2023 Earnings Call Transcript

BURLINGTON, Mass. & NEW YORK--(BUSINESS WIRE)--Butterfly Network, Inc. (NYSE: BFLY) (“Butterfly” or the “Company”), a digital health company transforming care with handheld, whole-body ultrasound and intuitive software, today announced financial results for the quarter ended September 30, 2023, and provided a business update. Joe DeVivo, Butterfly's Chairman and CEO said, “Butterfly had a productive third quarter as we executed on our strategic plan and near-term initiatives while reducing loss.

Butterfly Network Reports Third Quarter 2023 Financial Results

Butterfly Network, Inc. (BFLY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Butterfly Network, Inc. (BFLY) Upgraded to Buy: Here's Why

BURLINGTON, Mass.--(BUSINESS WIRE)--Butterfly Network, Inc. (“Butterfly”) (NYSE:BFLY), a digital health company transforming care through the power of portable, semiconductor-based ultrasound technology and intuitive software, and Forest Neurotech, a deep tech research company that is building a minimally-invasive device for imaging and stimulating the brain with ultrasound, today announced they have entered into a five-year co-development agreement. The agreement includes $20MM to be paid to B.

Butterfly Network Announces 5-Year Co-Development Agreement with Forest Neurotech for Next-generation Brain Computer Interfaces Using Ultrasound-on-Chip™ Technology

BURLINGTON, Mass. & NEW YORK--(BUSINESS WIRE)--Butterfly Network, Inc. (NYSE: BFLY) (“Butterfly”), a digital health company transforming care with handheld, whole-body ultrasound, announced that it will report third quarter 2023 financial results and provide a business update on November 2, 2023, after the market closes. Joseph DeVivo, President, Chief Executive Officer and Chairman of the Board, and Heather Getz, Executive Vice-President, and Chief Financial and Operations Officer, will host a.

Butterfly Network, Inc. to Report Third Quarter 2023 Financial Results on November 2, 2023

BURLINGTON, Mass.--(BUSINESS WIRE)--Butterfly Network, Inc. (“Butterfly”) (NYSE: BFLY), a digital health company transforming care through the power of portable, semiconductor-based ultrasound technology and intuitive software, today announced the addition of two new ultrasound education offerings that will complete its full suite of education products. The new offerings will include: Butterfly Certified™, a complete set of virtual and in-person POCUS courses designed to meet local training or.

Butterfly Introduces Two Ultrasound Education Offerings at ACEP23, Demonstrating Value of AI-Guidance and Hands-on Expertise in Driving Mass Ultrasound Adoption

BURLINGTON, Mass.--(BUSINESS WIRE)--Butterfly Network, Inc. a digital health company transforming care through the power of portable, semiconductor-based ultrasound technology and intuitive software, and Razom, a US-based nonprofit dedicated to supporting a democratic and prosperous Ukraine, today announced that they have expanded their global health partnership to bring an additional 200 Butterfly iQ+ devices to the frontlines of the war in Ukraine. Razom has now alone deployed over 400 Butter.

Butterfly Network and Razom Expand Global Health Partnership To Bring Additional 200 Butterfly iQ+ Ultrasound Systems to Ukraine

BURLINGTON, Mass.--(BUSINESS WIRE)--Butterfly Network, Inc., a digital health company transforming care through the power of portable, semiconductor-based ultrasound technology and intuitive software, issued a statement on the impact of its comprehensive point-of-care ultrasound (POCUS) solution, Butterfly iQ+, in advancing medical education curriculum nationally. The update follows news from Indiana University School of Medicine (IUSM) earlier this week announcing its investment in Butterfly i.

Butterfly Network Reports Success in Majority of U.S. Medical Schools; Includes Nation's Largest Medical School, Indiana University School of Medicine

Butterfly Network's mission to democratize ultrasound imaging with handheld scanners has not gained widespread adoption. The company's recent Q2/2023 earnings report showed a decline in revenues, and management is guiding for a YoY decline in revenues for the full year. Butterfly Network is pivoting towards artificial intelligence, but it remains uncertain if this will be enough to reset the company's growth trajectory.

Butterfly Network: Will Pivot To AI Be Enough To Restart Growth?

Butterfly Network, Inc. (NYSE:BFLY ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Heather Getz - Executive Vice President & Chief Financial Officer Joseph DeVivo - Chairman & Chief Executive Officer Conference Call Participants Suraj Kalia - Oppenheimer & Co. Neil Chatterji - B. Riley Securities Joshua Jennings - Cowen Danielle Antalffy - UBS Operator Ladies and gentlemen, hello, and welcome to the Butterfly Network Q2 2023 Earnings Call.

Butterfly Network, Inc. (BFLY) Q2 2023 Earnings Call Transcript

BURLINGTON, Mass. & NEW YORK--(BUSINESS WIRE)--Butterfly Network, Inc. (NYSE: BFLY) (“Butterfly” or the “Company”), a digital health company transforming care with handheld, whole-body ultrasound, today announced financial results for the quarter ended June 30, 2023, and provided a business update. Highlights Reported total revenue of $18.5 million for the second quarter of 2023, a 3.8% decrease from $19.2 million for the second quarter of 2022, and significantly reduced losses. Conducted a ful.

Butterfly Network Reports Second Quarter 2023 Financial Results

BURLINGTON, Mass.--(BUSINESS WIRE)--Butterfly Network, Inc. a digital health company transforming care through the power of portable, semiconductor-based ultrasound technology and intuitive software, today announced the release of its software development kit (SDK) for use by third parties. The SDK can be leveraged by artificial intelligence (AI) software developers, medical device companies building ultrasound into their platforms, and telemedicine companies adding ultrasound into their virtua.

Butterfly Network launches “Butterfly Garden” AI Marketplace for custom AI applications

BURLINGTON, Mass. & NEW YORK--(BUSINESS WIRE)--Butterfly Network, Inc. (NYSE: BFLY) (“Butterfly”), a digital health company transforming care with handheld, whole-body ultrasound, announced that it will report second quarter 2023 financial results and provide a business update on August 3, 2023, before the market opens. Joseph DeVivo, President, Chief Executive Officer and Chairman of the Board, and Heather Getz, Executive Vice-President, and Chief Financial and Operations Officer, will host a.

Butterfly Network, Inc. to Report Second Quarter 2023 Financial Results on August 3, 2023

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Butterfly Network is reinventing itself based on generative AI, which will help develop medical devices and deliver customer service, particularly in training medical professionals in imaging. The company aims to increase its software and subscription revenues, which will improve profitability, and leverage its cloud and AI capabilities for business operations. Butterfly Network could serve as a blueprint for regulated development in the AI field, as it operates under FDA scrutiny and prioritizes data privacy.

Butterfly Network: Favoring Profits And A Possible Blueprint For AI Governance

Butterfly Network, Inc. (NYSE:BFLY ) Q1 2023 Earnings Conference Call May 11, 2023 8:30 AM ET Company Participants Heather Getz - Executive Vice President, Chief Financial Officer Joseph DeVivo - Chairman and CEO Darius Shahida - Chief Strategy Officer Conference Call Participants Joshua Jennings - Cowen Suraj Kalia - Oppenheimer & Co. Neil Chatterji - B. Riley Securities Danielle Antalffy - UBS Operator Ladies and gentlemen, hello and welcome to the Butterfly Network, Inc. Q1 2023 Earnings Call.

Butterfly Network, Inc. (BFLY) Q1 2023 Earnings Call Transcript

Butterfly Network, Inc. (BFLY) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.22 per share a year ago.

Butterfly Network, Inc. (BFLY) Reports Q1 Loss, Misses Revenue Estimates

BURLINGTON, Mass. & NEW YORK--(BUSINESS WIRE)--Butterfly Network, Inc. (NYSE: BFLY) (“Butterfly” or the “Company”), a digital health company transforming care with handheld, whole-body ultrasound, today announced financial results for the quarter ended March 31, 2023, and provided a business update. Highlights Reported total revenue of $15.5 million for the first quarter of 2023, flat to the first quarter ended March 31, 2022. Received FDA clearance of our groundbreaking, AI-enabled Auto B-Line.

Butterfly Network Reports First Quarter 2023 Financial Results

Butterfly Network (BFLY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Butterfly Network (BFLY) Might Surprise This Earnings Season

Butterfly Network Inc. NYSE: BFLY is a medical imaging solutions company that makes point-of-demand portable ultrasound devices to bring medical imaging to healthcare providers at a deep discount to expensive ultrasound machines. Its intended disruption of the ultrasound industry makes it a direct competitor to incumbent ultrasound devices makers like GE Healthcare Technologies Inc. NYSE: GE and Hologic Inc NASDAQ: HOLX.

Can Butterfly Network Spread its Wings in 2023?

Butterfly Network, Inc. (BFLY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Butterfly Network, Inc. (BFLY) Expected to Beat Earnings Estimates: Should You Buy?

BURLINGTON, Mass. & NEW YORK--(BUSINESS WIRE)--Butterfly Network, Inc. (NYSE: BFLY) (“Butterfly”), a digital health company transforming care with handheld, whole-body ultrasound, announced that it will report first quarter 2023 financial results and provide a business update on May 11, 2023, before the market opens. Joseph DeVivo, President, Chief Executive Officer, and Chairman of the Board; Heather Getz, Executive Vice President and Chief Financial Officer; and Darius Shahida, Chief Strategy.

Butterfly Network, Inc. to Report First Quarter 2023 Financial Results on May 11, 2023

BURLINGTON, Mass.--(BUSINESS WIRE)--Butterfly Network, Inc., a digital health company transforming care through the power of handheld, whole-body ultrasound, has announced the appointment of Joseph M. DeVivo as its new President and Chief Executive Officer (CEO), effective immediately. Mr. DeVivo will also join Butterfly's Board of Directors, serving as Chairman. DeVivo brings over 35 years of business leadership experience, having held leadership positions at healthcare and medical device comp.

Butterfly Network Names Joseph M. DeVivo as President and Chief Executive Officer

Here is how Butterfly Network, Inc. (BFLY) and Haemonetics (HAE) have performed compared to their sector so far this year.

Is Butterfly Network (BFLY) Stock Outpacing Its Medical Peers This Year?

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