Butterfly Network, Inc. Class A Common Stock (BFLY)
Frequently Asked Questions About Butterfly Network, Inc. Class A Common Stock (BFLY)
How does Butterfly Network address data security?
Butterfly Network takes data security seriously, implementing robust security measures to protect patient data and ensure compliance with regulations like HIPAA in the United States. Their cloud-based platform employs encryption, authentication protocols, and secure access controls to safeguard sensitive medical information shared and stored through their systems, ensuring that healthcare providers can trust their solutions without compromising patient privacy.
How does Butterfly Network ensure product affordability?
Butterfly Network ensures product affordability through innovative design and manufacturing processes that lower production costs. By using advanced semiconductor technology, the company has reduced the complexity and expense typically associated with traditional ultrasound systems. Additionally, the digital nature of their products allows for efficient distribution and service models, further enhancing affordability for healthcare providers.
How does Butterfly Network support healthcare providers?
Butterfly Network supports healthcare providers by offering training, resources, and user-friendly technology that facilitate the integration of ultrasound imaging into their practices. The company provides educational materials, workshops, and webinars to enhance clinicians' skills in using their devices effectively. Additionally, their cloud-based software platform allows for easy analysis and sharing of imaging data, further supporting patient care.
Is Butterfly Network publicly traded?
Yes, Butterfly Network, Inc. is publicly traded on the New York Stock Exchange under the ticker symbol BFLY. The company went public through a merger with a special purpose acquisition company (SPAC) in 2020, enabling it to raise capital to support its growth initiatives and expand its reach in the medical imaging market.
What are the future growth prospects for Butterfly Network, Inc.?
The future growth prospects for Butterfly Network, Inc. appear promising, driven by the increasing demand for accessible and efficient medical imaging solutions. With continual advancements in their technology, including potential expansions into other imaging modalities and markets, along with ongoing partnerships with key healthcare organizations, the company is well-positioned for growth in the evolving digital health landscape.
What differentiates Butterfly Network from competitors?
Butterfly Network differentiates itself from competitors through its groundbreaking handheld ultrasound device that integrates advanced semiconductor technology, making it portable, affordable, and versatile. Unlike traditional, bulky ultrasound systems, the Butterfly iQ can perform a variety of imaging tasks, and its connectivity to mobile devices allows for real-time imaging and streamlined data sharing, positioning it uniquely in the market.
What does Butterfly Network, Inc. do?
Butterfly Network, Inc. is a digital health company that is transforming the field of medical imaging with its innovative handheld, pocket-sized ultrasound device. Designed to make ultrasound technology more accessible, their flagship product, the Butterfly iQ, utilizes advanced semiconductor technology to provide high-quality imaging at a fraction of the cost of traditional ultrasound systems. This accessibility opens up new possibilities for diagnostics and patient care, particularly in underserved or remote areas.
What is Butterfly Network's vision for the future of medical imaging?
Butterfly Network's vision for the future of medical imaging revolves around making high-quality imaging accessible worldwide, thereby revolutionizing the diagnostic process. The company aims to continue advancing ultrasound technology, expanding its applications, and promoting its use in everyday clinical practice. By integrating artificial intelligence and machine learning into their platform, Butterfly envisions a future where real-time diagnostics drive better patient outcomes and enhanced healthcare delivery.
What is the Butterfly iQ device?
The Butterfly iQ is a revolutionary handheld ultrasound device that utilizes advanced technology to deliver high-quality imaging in a compact format. Unlike traditional ultrasound machines, the iQ incorporates a single probe that can perform a wide variety of imaging applications. It connects to a smartphone or tablet via USB, allowing for real-time imaging and easy data sharing, improving efficiency and patient care in various clinical settings.
What is the Butterfly Network's business model?
Butterfly Network's business model revolves around selling its innovative ultrasound devices and associated software solutions to healthcare providers. The company generates revenue through direct sales, as well as subscription services for its cloud-based software platform, which enables data storage, sharing, and analysis. This diversified approach allows for recurring revenue and fosters long-term relationships with its clients.
What is the significance of Butterfly Network's ultrasound technology?
Butterfly Network's ultrasound technology is significant because it democratizes access to medical imaging. By creating a handheld, affordable ultrasound device, it allows healthcare providers in various environments, including rural and remote locations, to perform quick and efficient diagnostics. This innovation not only enhances patient care but also streamlines healthcare processes and reduces costs associated with traditional imaging methods.
What is the target market for Butterfly Network's products?
The target market for Butterfly Network's products includes healthcare facilities of all sizes, from large hospitals to small clinics, as well as emergency medical services and telehealth providers. The accessibility and affordability of their devices are particularly appealing to markets that have previously faced barriers to high-quality imaging, including rural healthcare settings and international markets with less developed medical infrastructure.
What is the warranty or support policy for Butterfly Network devices?
Butterfly Network offers a warranty and support policy for its devices to ensure customer satisfaction and maintain the functionality of their products. Typically, devices are covered for defects in materials and workmanship for a specified period after purchase, during which customers can access technical support and repair services. This commitment to customer service aims to provide healthcare providers with confidence in using their technology.
What partnerships has Butterfly Network established?
Butterfly Network has established several key partnerships aimed at expanding the reach and effectiveness of its ultrasound technology. Collaborations with major healthcare systems, academic institutions, and research organizations enhance the development of new applications and clinical practices. These partnerships also support training and educational initiatives designed to promote the use of Butterfly’s technology among healthcare professionals.
What regulatory approvals has Butterfly Network obtained?
Butterfly Network's products, including the Butterfly iQ, have received necessary regulatory approvals from various health authorities, including the U.S. Food and Drug Administration (FDA). These approvals are essential for the company to market and sell its devices in the United States and contribute to establishing trust and credibility in its technology within the healthcare community.
What sectors does Butterfly Network serve?
Butterfly Network primarily serves the healthcare sector, specifically targeting markets such as hospitals, clinics, and primary care settings. Its technology is utilized by a wide range of healthcare professionals, including doctors, nurse practitioners, and paramedics. Beyond traditional settings, the device also finds use in other fields such as sports medicine, veterinary care, and emergency services, demonstrating its versatility.
When was Butterfly Network, Inc. founded?
Butterfly Network, Inc. was founded in 2011 by Dr. Jonathan Rothberg, who aimed to democratize medical imaging through innovative technology. Since its inception, the company has been dedicated to developing and delivering accessible, cost-effective ultrasound solutions that empower healthcare professionals and improve patient outcomes around the globe.
Where is Butterfly Network, Inc. headquartered?
Butterfly Network, Inc. is headquartered in Burlington, Massachusetts. This location serves as the hub for their research and development efforts, as well as corporate operations. The proximity to leading medical institutions and a rich talent pool in the Boston area aids the company in its mission to innovate and expand the accessibility of medical ultrasound.
What is the current price of Butterfly Network, Inc. Class A Common Stock?
The current price of Butterfly Network, Inc. Class A Common Stock is 2.340
When was Butterfly Network, Inc. Class A Common Stock last traded?
The last trade of Butterfly Network, Inc. Class A Common Stock was at 4:10 pm EDT on April 2nd, 2025
What is the market capitalization of Butterfly Network, Inc. Class A Common Stock?
The market capitalization of Butterfly Network, Inc. Class A Common Stock is 67.71M
How many shares of Butterfly Network, Inc. Class A Common Stock are outstanding?
Butterfly Network, Inc. Class A Common Stock has 28.94M shares outstanding.