Butterfly Network, Inc. (BFLY)
Butterfly Network, Inc. is a medical imaging company that develops portable ultrasound devices utilizing advanced ultrasound-on-chip technology. The company's flagship product, the Butterfly iQ, is a handheld, smartphone-connected ultrasound scanner designed to make medical imaging more accessible and affordable across healthcare settings worldwide.
Company News
The Russell 2000 index reached an all-time high after the Federal Reserve signaled potential interest rate cuts, boosting small-cap stocks and providing cheaper borrowing opportunities for smaller companies.
Butterfly Network reported Q2 2025 results with 9% revenue growth, record 63.7% gross margin, and narrowed losses. The company revised full-year revenue guidance lower and is focusing on AI-driven software and international expansion.
The global ultrasound image analysis software market is expected to grow from $0.913 billion in 2024 to $2.2 billion by 2035, driven by advancements in ultrasound technology, rising chronic diseases, and the integration of AI and machine learning.
Butterfly Network's Chief Technology Officer, Andrei G. Stoica, sold $1,486 worth of Class A Common Stock as part of a tax withholding policy. The transaction was routine and not made at Stoica's discretion.
Butterfly Network (BFLY) uses proprietary Ultrasound-on-Chip technology to streamline the bladder scanning process.