Butterfly Network (NYSE:BFLY) shares took a hit today on first-quarter results that missed the consensus sales forecast. The Guilford, Connecticut–based company posted losses of $44.5 million, or 22¢ per share, on sales of $15.6 million for the three months ended March 31, 2022, with the bottom-line going deeper into the red on sales growth of […]
Butterfly Network
Butterfly Network names new CFO
Butterfly Network (NYSE:BFLY) announced today that it appointed Heather Getz as its new EVP and chief financial officer (CFO). Getz’s appointment to the positions of EVP and CFO of the Guilford, Connecticut–based developer of handheld ultrasound technology will be made effective May 2. “Heather brings a compelling blend of healthcare technology and public company experience […]
Fujifilm Sonosite files patent infringement lawsuit against Butterfly Network over handheld ultrasound
Fujifilm Sonosite announced today that it filed a patent infringement lawsuit against Butterfly Network (NYSE:BFLY). Bothell, Washington–based Fujifilm Sonosite filed the lawsuit in the U.S. District Court for the District of Delaware, asserting seven patents (U.S. Patent Nos. 7,169,108; 7,867,168; 8,128,050; 8,861,822; 9,538,985; 6,901,157; and 8,360,981) pertaining to fundamental technologies for acquiring ultrasound images at the point […]
Butterfly Network receives $5M grant to provide technology to Sub-Saharan Africa
Butterfly Network (NYSE:BFLY) announced today that it received a $5 million grant to improve maternal and fetal health in Sub-Saharan Africa. Guilford, Connecticut-based Butterfly Network will provide 1,000 healthcare workers in Sub-Saharan Africa with its Butterfly iQ+ handheld, whole-body point-of-care ultrasound probe with the funds from the grant provided by the Bill & Melinda Gates […]
Butterfly Network beats Q4 expectations, projects big losses in 2022
Butterfly Network (NYSE:BFLY) shares dipped today as the company’s fourth-quarter earnings report included projections of large losses in 2022. BFLY shares were down more than 9% at $5.16 per share by later afternoon trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was down slightly. The […]
Butterfly Network partners with Ambra Health on cloud-based ultrasound data integration
Butterfly Network (NYSE:BFLY) announced today that it partnered with Ambra Health (an Intelerad company) to improve interoperability for bedside imaging data. The partnership aims to accelerate and simplify bedside imaging data interoperability by strengthening the scalability of Butterfly’s Blueprint enterprise platform and enhancing access to and shareability of valuable ultrasound information across hospitals and health […]
Butterfly Network stock up on preliminary Q4 revenue numbers
Butterfly Network (NYSE:BFLY) is on the rise following the announcement of preliminary fourth-quarter earnings that topped Wall Street projections. Guilford, Connecticut–based Butterfly Network’s shares are trading up more than 18% at $7.48 apiece as of late afternoon trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — […]
12 of medtech’s biggest personnel changes in 2021
As medtech companies continued to drive innovation throughout the past 12 months, a number of high-level executives led the way. Some of those companies and those executives opted for major changes over the course of 2021, though, with some high-profile moves from medtech giant to medtech giant. Here are some of the biggest personnel moves […]
Butterfly Network takes hit on Q3 revenue miss
Butterfly Network (NYSE:BFLY) shares hit a skid today on third-quarter revenues that came in well short of the consensus forecast. BFLY shares were down 14.6% at 7.34 per share in late-afternoon trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was down 0.5%. The Guilford, Connecticut-based […]
MedTech 100 roundup: Hot streak comes to slight halt
After several weeks of high-level performance, the medtech industry saw its first dip in a while over the last seven days. MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week (Aug. 13) at 117.92 points, marking a –1.2% dip from the 119.41-point tally a week prior […]
Butterfly Network, Caption AI partner on handheld ultrasound
Butterfly Network (NYSE:BFLY) announced today that it entered into a strategic partnership with Caption Health for its AI capabilities. Guilford, Conn.-based Butterfly Network said in a news release that an integrated solution developed through the partnership should enhance cardiac assessment with the Butterfly iQ+ handheld whole-body ultrasound system that uses the company’s Ultrasound-on-Chip technology. By […]
