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Butterfly Network, Inc. - $BFLY STOCK NEWS

Welcome to our dedicated page for Butterfly Network news (Ticker: $BFLY), a resource for investors and traders seeking the latest updates and insights on Butterfly Network stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Butterfly Network's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Butterfly Network's position in the market.

Rhea-AI Summary
Butterfly Network, Inc. announced financial results for Q3 2023, reporting a total revenue of $15.4 million, down from $19.6 million in the same period last year. The company completed a cost reduction and reorganization, allowing them to extend their cash to 2026. Butterfly also announced a five-year co-development agreement with Forest Neurotech and the launch of Butterfly Garden, an AI marketplace. They introduced two new ultrasound education offerings and submitted iQ3 for FDA approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.58%
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-
Rhea-AI Summary
Butterfly Network and Forest Neurotech announce a five-year co-development agreement to develop the first implanted, whole-brain neural interface. The deal includes $20MM in milestones paid to Butterfly, with additional revenue anticipated upon commercialization for every unit sold.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.78%
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none
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Rhea-AI Summary
Butterfly Network to report Q3 2023 financial results and provide business update
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
Tags
conferences earnings
Rhea-AI Summary
Butterfly Network introduces new ultrasound education offerings to boost POCUS competence and confidence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.36%
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AI
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Rhea-AI Summary
Butterfly Network and Razom have expanded their global health partnership, bringing an additional 200 Butterfly iQ+ devices to Ukraine's war frontlines. Razom has already deployed over 400 devices in Ukraine. This partnership aims to enhance healthcare accessibility and quality in challenging circumstances.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.81%
Tags
partnership
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Rhea-AI Summary
Indiana University School of Medicine adopts Butterfly iQ+ ultrasound technology for medical education
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.75%
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none
Rhea-AI Summary
BFLY - Butterfly Network, Inc. Announces Reorganization Plan and Financial Results, Reports $18.5M Revenue for Q2 2023, Highlights Growth Initiatives and Upcoming Developments
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.26%
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-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.26%
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AI
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.02%
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conferences earnings
Rhea-AI Summary
Butterfly Network, a digital health company, reported total revenue of $15.5 million for Q1 2023, in-line with guidance. They also reduced cash operating expense by 30%. The company received FDA clearance for their AI-enabled Auto B-Line Counter and signed contracts with a large U.S. academic medical center. However, product revenue decreased by 19.7% to $8.8 million. Butterfly Network's CEO expressed excitement about the disruption caused by the democratization of medical imaging.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.28%
Tags
Butterfly Network, Inc.

NYSE:BFLY

BFLY Rankings

BFLY Stock Data

219.14M
152.61M
20.5%
37.34%
10.47%
Irradiation Apparatus Manufacturing
Manufacturing
Link
United States of America
BURLINGTON

About BFLY

butterfly network operates at the cutting edge of multiple engineering and scientific disciplines and strives to bring together world-class talent in computer science, physics, and electrical engineering. the company is privately held and well funded by a small group of extraordinarily successful serial entrepreneurs. the company is in the rare position of being able to focus 100% of its efforts on product and intellectual property development rather than fundraising.