Butterfly Network (NYSE:BFLY) shares dipped today on fourth-quarter results that came in ahead of the consensus forecast. Shares of BFLY fell nearly 3% to $3.63 apiece in mid-morning trading today. The Burlington, Massachusetts-based handheld ultrasound company reported losses of $18.1 million. That equals 8¢ per share on sales of $22.35 million for the three months […]
Butterfly Network
Butterfly Network raising $76.5 million from public offering
Butterfly Network (NYSE: BFLY) has been expecting gross proceeds of $76.6 million from a public offering slated to close today. The handheld ultrasound company announced Jan. 29 that it was offering 24 million shares of its Class A common stock a public offering price of $3.15 per share. While down nearly 1.5% today, BFLY shares […]
Butterfly Network study: Point-of-care ultrasound cuts hospital stays, costs
Butterfly Network has announced preliminary findings from a study demonstrating the benefits of point-of-care ultrasound (POCUS) in improving patient outcomes. The study, conducted by Rutgers Robert Wood Johnson Medical School and Robert Wood Johnson University Hospital, compared hospital physicians using Butterfly’s iQ+ and iQ3 POCUS devices with physicians who did not use the POCUS tech […]
Layoffs in medtech: These companies recently reduced their workforce
Medtech layoffs are picking up as 2024 draws to a close. Sean Whooley, Associate Editor, and Chris Newmarker, Editor-in-Chief The medical device industry is closing out the year with a fresh round of layoffs. At this point, MassDevice has reported on more than 22,000 medtech job cuts across the industry since mid-2022. (Have a tip […]
Butterfly Network stock rises on Street-beating Q3
Butterfly Network (NYSE:BFLY) shares got a boost today on third-quarter results that came in ahead of the consensus forecast. Shares of BFLY rose 7% to $1.91 apiece in midday trading today. The Burlington, Massachusetts-based handheld ultrasound company reported losses of $16.9 million. That equals 8¢ per share on sales of $20.6 million for the three […]
Butterfly Network launches next-gen handheld ultrasound in Europe
Butterfly Network announced today that it launched its third-generation handheld point-of-care ultrasound (POCUS) system in Europe. The semiconductor-based, single-probe, whole-body-ultrasound-offering iQ3 features a brand-new ergonomic design and provides double the data processing speed compared to previous generations, according to the company. The FDA cleared the iQ3 system in January and it now has CE mark […]
Butterfly Network adds former Caption Health CEO as chief business officer
Butterfly Network announced today that it appointed Steve Cashman as its new chief business officer (CBO). Cashman joins the Burlington, Massachusetts-based company following this year’s rollout of the company’s next-generation handheld ultrasound. His arrival comes on the heels of record-setting revenues at the company as well, according to a news release. Cashman joins the company’s […]
Butterfly Network launches portable ultrasound for bladder scans
Butterfly Network (NYSE:BFLY) announced today that it launched its first specialty product, the iQ+ Bladder portable ultrasound. iQ+ Bladder — now available for purchase in the U.S. — utilizes Butterfly’s portable, semiconductor-based ultrasound technology and software. The bundle features the iQ+ Bladder probe, streamlined software, compact rolling cart, tablet and power splitter. Altogether, the ultrasound-based […]
Butterfly Network wins CE mark for IQ+ handheld ultrasound tech, hopes for next-gen nod this year
Butterfly Network (NYSE:BFLY) announced today that it garnered CE mark approval for its Butterfly iQ+ ultrasound system. The company obtained European Union Medical Device Regulation (EU MDR) certification for the iQ+ system. It initially received CE mark in 2021, but had to fall in line with updated, more stringent regulations in Europe. According to a […]
Butterfly Network rolls out next-gen ultrasound-on-chip tech in the U.S.
Butterfly Network (NYSE:BFLY) announced today that it launched its iQ3 third-generation handheld point-of-care ultrasound system. The Butterfly iQ3 point-of-care ultrasound (POCUS) system is a semiconductor-based, single-probe, whole-body ultrasound offering. iQ3 features a brand-new ergonomic design and provides double the data processing speed compared to previous generations. The FDA cleared the iQ3 system last month. Burlington, […]
FDA clears next-gen handheld ultrasound from Butterfly Network
Butterfly Network announced today that it received FDA clearance for its next-generation handheld ultrasound system. BFLY shares were up more than 23% to $1.25 apiece on the news. MassDevice‘s MedTech 100 Index was up more than 1%. The Butterfly iQ3 point-of-care ultrasound (POCUS) system marks the third iteration of the company’s technology. Burlington, Massachusetts- based […]
