Butterfly Network 株価情報 (NYSE: BFLY)

最新ニュース Butterfly Network (NYSE:BFLY) 株価情報

Butterfly Network

Butterfly Network Inc is a digital health business transforming care with handheld, whole-body ultrasound. Powered by its proprietary Ultrasound-on-Chip technology, its solution enables the acquisition of imaging information from an affordable, powerful device that fits in a healthcare professional's pocket with a combination of cloud-connected software and hardware technology that is easily accessed through a mobile application. Butterfly enables the practical application of ultrasound information in the clinical workflow. Butterfly iQ+ is an ultrasound device that can perform whole-body imaging in a single handheld probe using semiconductor technology. With its small, handheld size, low cost, and simple user interface.

Butterfly Network, Inc. Class A Common Stock

Butterfly Network Inc

U.S. stocks were higher, with the Dow Jones index gaining around 100 points on Thursday.
Shares of International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) gained 12.8% to $174.33 following the release of its fourth-quarter earnings, which surpassed analysts' expectations. The tech giant also unveiled its ambitious artificial intelligence strategy, further boosting <a href="https://www.benzinga.com/25/01/43321676/ibm-reports-q4">investor confidence</a>.
IBM reported earnings per share of $3.92, exceeding the anticipated $3.75. Revenue also edged past forecasts, reaching $17.55 billion compared to the projected $17.54 billion.
IBM shares climbed 13.7% to $259.86 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Tectonic Therapeutic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TECX#NASDAQ">TECX</a>) shares jumped 97.5% to $50.80 after interim results showed TX45 achieved improvements in hemodynamics that met and exceeded prespecified objectives.</li>
<li>NetScout Systems, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTCT#NASDAQ">NTCT</a>) gained 19.5% to $26.70 after the company reported better-than-expected quarterly financial results.</li>
<li>Flagstar Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLG#NYSE">FLG</a>) gained 16.6% to $11.19 after the company reported better-than-expected quarterly financial results.</li>
<li>Oshkosh Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSK#NYSE">OSK</a>) shares rose 15.4% to $110.40 after the company beat fourth-quarter EPS and revenue estimates, initiated FY25 EPS guidance above expectations and raised its quarterly dividend by 11%.</li>
<li>Butterfly Network, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFLY#NYSE">BFLY</a>) gained 14% to $4.0000 after the company announced a $75.6 million public offering of class A common stock.</li>
<li>Celestica Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) rose 14% to $114.54 following better-than-expected fourth-quarter financial results and first-quarter guidance issued above estimates.</li>
<li>ACM Research, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACMR#NASDAQ">ACMR</a>) shares gained 14% to $19.92 after Kerrisdale Capital announced a long position in the stock.</li>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) rose 11.8% to $65.76.</li>
<li>Calix, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) gained 10.5% to $40.76 after the company reported better-than-expected quarterly financial results.</li>
<li>Semtech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) rose 10.4% to $66.54.</li>
<li>Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) gained 8.8% to $47.27 after the company reported better-than-expected quarterly revenue results.</li>
<li>Check Point Software Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) gained 8.5% to $221.22 following a fourth-quarter adjusted EPS and revenue beat..</li>
<li>Roper Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NYSE">ROP</a>) rose 7% to $579.97 after the company reported better-than-expected quarterly financial results.</li>
<li>Nokia Oyj (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) gained 7% to $4.75 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Domino&#8217;s Pizza, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NASDAQ">DPZ</a>) climbed 6.6% to $456.16.</li>
<li>Quest Diagnostics Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) rose 5.5% to $164.07 following upbeat quarterly earnings.</li>
</ul>

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IBM Posts Upbeat Earnings, Joins Oshkosh, Las Vegas Sands, Nokia, Quest Diagnostics And Other Big Stocks Moving Higher On Thursday

WIIM

Butterfly Network shares are trading higher. The company announced a $75.6 million public offering.

General

Butterfly Network shares are trading lower after the company announced a $75.6 million public offering of class A common stock.

Butterfly intends to use the net proceeds from this offering to fund the development and commercialization of new and existing products and services and for general corporate purposes.

Reported Earlier, Butterfly Network Prices $75.6M Public Offering Of 24M Class A Common Stock At $3.15/Share

Butterfly Network shares are trading lower after the company announced a proposed public offering of common stock.

Butterfly Network, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFLY#NYSE">BFLY</a>) ("Butterfly" or the "Company"), a digital health company transforming care with portable, semiconductor-based ultrasound technology and intuitive software, today announced it has commenced an underwritten public offering of Class A common stock ("Common Stock"). Butterfly also intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of Common Stock sold in the public offering. All of the shares of Common Stock are being offered by Butterfly.
Butterfly intends to use the net proceeds from this offering to fund the development and commercialization of new and existing products and services, as well as for general corporate purposes.
TD Cowen, William Blair and Lake Street Capital Markets are the bookrunners for the proposed offering. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed or as to the actual size or terms of the proposed offering.

Offerings

Butterfly Network Announces Proposed Public Offering Of Common Stock; No Size Or Amount Disclosed

Butterfly Network Announced That It Expects To Report Revenue Growth For The Fourth Quarter Ended December 31, 2024 Of Approximately 35% Year Over Year

U.S. stocks were higher, with the Dow Jones index gaining around 100 points on Thursday.
Shares of NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) rose sharply in <a href="https://www.benzinga.com/25/01/42758540/us-listed-chinese-ev-startups-clock-delivery-growth-in-december-li-auto-tops-the-chart-mona-m03-spurs-xpeng-nios-onvo-breaches-10000-monthly-delivery-milestone">today's trading session</a>.
Nio said it delivered 31,138 vehicles in December, representing a 72.9% year-over-year surge. Its deliveries surged 38.7% year-over-year to 221,970 vehicles in 2024.
Nio shares jumped 5.7% to $4.6100 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Butterfly Network, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFLY#NYSE">BFLY</a>) shares jumped 26.7% to $3.9553.</li>
<li>Nano-X Imaging Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNOX#NASDAQ">NNOX</a>) gained 23.5% to $8.90.</li>
<li>Quantum-Si incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSI#NASDAQ">QSI</a>) jumped 21.4% to $3.2788.</li>
<li>SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) surged 20.5% to $7.41.</li>
<li>Microvast Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>) gained 17.4% to $2.4299.</li>
<li>Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) rose 17% to $4.0200.</li>
<li>Uranium Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UEC#NYSE">UEC</a>) gained 11.4% to $7.45.</li>
<li>Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) shares surged 10.7% to $24.88 on the heels of a new post from meme stock trader Keith Gill, also known as &#8220;Roaring Kitty." Gill's latest post on X has sparked speculation that the trader could be planning to invest in shares of Unity Software.</li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) rose 10% to $10.17.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) rose 9.3% to $7.39.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) gained 8.5% to $23.30.</li>
<li>IAMGOLD Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) rose 8.2% to $5.59.</li>
<li>QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) gained 7.5% to $5.58.</li>
<li>Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) climbed 6.8% to $238.87. Constellation said it won $1 billion in combined contracts by US. General Services Administration.</li>
</ul>
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Nio, Unity Software And Other Big Stocks Moving Higher On Thursday

As of Nov. 25, 2024, three stocks in the health care sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Conmed Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNMD#NYSE">CNMD</a>)</h3>
<ul>
<li>On Oct. 30, Conmed reported quarterly earnings of $1.05 per share which beat the analyst consensus estimate of 99 cents per share. &#8220;Our third quarter results were largely in line with our expectations, and we remain focused on getting fully back on offense,&#8221; commented Curt R. Hartman, CONMED&#8217;s Chair of the Board, President, and Chief Executive Officer. &#8220;I am particularly proud of how our teams responded to the disruption from hurricanes Helene and Milton, which temporarily impacted our employees and facilities in the Southeast as well as many of our customers.&#8221; The company's stock gained around 21% over the past month and has a <a href="https://www.benzinga.com/quote/CNMD">52-week high of $117.27</a>.</li>
<li>RSI Value: 70.45&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>CNMD Price Action: Shares of Conmed gained 4.5% to close at $74.91 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Madrigal Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDGL#NASDAQ">MDGL</a>)</h3>
<ul>
<li>On Oct. 31, Madrigal Pharmaceuticals reported better-than-expected third-quarter financial results. Bill Sibold, Chief Executive Officer of Madrigal, stated, &#8220;Our U.S. launch of Rezdiffra is progressing exceptionally well driven by the outstanding execution of our team. Growing adoption by prescribers, broader payer coverage and an increasing number of patients on therapy each contributed to the strong performance. This early success highlights the critical need for effective treatments for moderate to advanced NASH/MASH, which is expected to become the leading cause of liver transplants in the U.S.&#8221; The company's stock gained around 65% over the past month and<a href="https://www.benzinga.com/quote/MDGL"> has a 52-week high</a> of $368.29.</li>
<li>RSI Value: 74.01</li>
<li>MDGL Price Action: Shares of Madrigal Pharmaceuticals gained 5.5% to close at $347.45 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Butterfly Network Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFLY#NYSE">BFLY</a>)</h3>
<ul>
<li>On Nov. 1, Butterfly Network reported better-than-expected quarterly financial results and issued FY24 revenue guidance above estimates. The company's stock gained around 78% over the past month and has a <a href="https://www.benzinga.com/quote/BFLY">52-week high</a> of $3.55.</li>
<li>RSI Value: 72.56</li>
<li>BFLY Price Action: Shares of Butterfly Network fell 1.4% to close at $3.24 on Friday.</li>
</ul>
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Top 3 Health Care Stocks That May Dip This Month

U.S. stock futures were higher this morning, with the Dow futures gaining around 150 points on Monday.
Shares of Sapiens International Corporation N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPNS#NASDAQ">SPNS</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected <a href="https://www.benzinga.com/quote/SPNS/earnings">third-quarter financial results</a>.
Sapiens Intl posted third-quarter adjusted earnings of 37 cents per share, missing market estimates of 38 cents per share. The company's quarterly sales came in at $137.03 million versus expectations of $140.07 million.
Sapiens International shares dipped 21.5% to $30.98 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Sky Harbour Group Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYH#NASDAQ">SKYH</a>) shares fell 9% to $10.55 in pre-market trading. Sky Harbour will report its third-quarter financial results on Tuesday, Nov. 12.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) shares dipped 5.7% to $23.05 in pre-market trading after gaining 13% on Friday.</li>
<li>Tempus AI, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) fell 5.2% to $69.85 in pre-market trading after jumping 30% on Friday.</li>
<li>Xeris Biopharma Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XERS#NASDAQ">XERS</a>) dipped 4.9% to $3.30 in pre-market trading. Xeris Biopharma Holdings posted upbeat quarterly results on Friday.</li>
<li>Gold Fields Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) declined 4.7% to $15.06 in pre-market trading.</li>
<li>Lifeway Foods, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LWAY#NASDAQ">LWAY</a>) declined 4.2% to $22.10 in pre-market trading after falling 8% on Friday.</li>
<li>Butterfly Network, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFLY#NYSE">BFLY</a>) fell 3.4% to $2.53 in pre-market trading.</li>
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Sapiens International Posts Downbeat Results, Joins Sky Harbour And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Butterfly Network shares are trading higher after the company reported better-than-expected Q3 financial results and issued FY24 revenue guidance above estimates.

Guidance
Increased Revenue Guidance and improved Adjusted EBITDA guidance for the Fiscal Year 2024 to:
<ul>
<li>Revenue guidance of $79 million to $81 million or over 20% growth</li>
<li>Improved adjusted EBITDA guidance by $5 million to a loss of $42 million - $40 million</li>
</ul>

Earnings

Guidance

Health Care

Butterfly Network Expects 2024 Revenue Of $79M-$81M Versus Consensus Of $75M-$80M Vs $78.557M Est.

Butterfly Network (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFLY#NYSE">BFLY</a>) reported quarterly losses of $(0.08) per share which beat the analyst consensus estimate of $(0.09) by 11.11 percent. The company reported quarterly sales of $20.56 million which beat the analyst consensus estimate of $19.01 million by 8.18 percent. This is a 33.33 percent increase over sales of $15.42 million the same period last year.

Butterfly Network Q3 2024 GAAP EPS $(0.08) Beats $(0.09) Estimate, Sales $20.56M Beat $19.01M Estimate

<h3>Gainers</h3>
<ul>
<li>NewGenIvf Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) shares rose 58.1% to $0.95 during Thursday's after-market session. The company's market cap stands at $9.6 million. </li>
<li>SunLink Health Systems (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SSY#AMEX">SSY</a>) shares increased by 17.13% to $0.95. The company's market cap stands at $6.6 million. </li>
<li>Akanda (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAN#NASDAQ">AKAN</a>) shares increased by 5.55% to $1.14. The company's market cap stands at $3.2 million. </li>
<li>Butterfly Network (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFLY#NYSE">BFLY</a>) shares moved upwards by 5.17% to $1.83. The market value of their outstanding shares is at $389.0 million. </li>
<li>Nurix Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIX#NASDAQ">NRIX</a>) shares moved upwards by 5.16% to $22.99. The market value of their outstanding shares is at $1.4 billion. </li>
<li>Kindly MD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDLY#NASDAQ">KDLY</a>) shares moved upwards by 5.07% to $1.34. The market value of their outstanding shares is at $7.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Klotho Neurosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLTO#NASDAQ">KLTO</a>) stock fell 6.5% to $0.45 during Thursday's after-market session. The market value of their outstanding shares is at $9.5 million. </li>
<li>Phio Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHIO#NASDAQ">PHIO</a>) shares declined by 5.1% to $2.42. The market value of their outstanding shares is at $2.0 million. </li>
<li>Humana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) stock declined by 4.76% to $239.49. The market value of their outstanding shares is at $28.8 billion. </li>
<li>Processa Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCSA#NASDAQ">PCSA</a>) stock declined by 4.69% to $1.22. The market value of their outstanding shares is at $3.9 million. </li>
<li>Tango Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNGX#NASDAQ">TNGX</a>) shares fell 4.59% to $6.25. The market value of their outstanding shares is at $669.6 million. </li>
<li>Regencell Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) stock declined by 4.5% to $6.59. The company's market cap stands at $85.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-healthcare-stocks/" title="www.benzinga.com/money/best-healthcare-stocks/">www.benzinga.com/money/best-healthcare-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Health Care Stocks Moving In Thursday's After-Market Session

<ul>
<li>URMC increased ultrasound charge capture by 116% following system-wide deployment of Butterfly Network devices and Compass&#x2122; workflow software.</li>
<li>URMC's implementation results <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fclinicalimagingscience.org%2Froadmap-to-success-blueprint-for-enterprise-wide-deployment-of-a-point-of-care-ultrasound-platform-inclusive-of-governance-policy-education-credentialing-and-quality-assurance%2F&amp;esheet=54122956&amp;newsitemid=20240917669860&amp;lan=en-US&amp;anchor=published&amp;index=1&amp;md5=c524e8d8dd5268a5f512603c0986c7de">published</a> on September 16, 2024 in the Journal of Clinical Imaging Science.</li>
</ul>
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.butterflynetwork.com&amp;esheet=54122956&amp;newsitemid=20240917669860&amp;lan=en-US&amp;anchor=Butterfly+Network%2C+Inc.&amp;index=2&amp;md5=feb818b2cf773f1940ad96704c5916ac">Butterfly Network, Inc.</a> ("Butterfly", "the Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFLY#NYSE">BFLY</a>), a digital health company transforming care through the power of portable, semiconductor-based ultrasound technology and intuitive software, today published a <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fbutterflynetwork.com%2Fcase-studies-urmc&amp;esheet=54122956&amp;newsitemid=20240917669860&amp;lan=en-US&amp;anchor=case+study&amp;index=3&amp;md5=edcc066ce0d00e71b94c89e2a2016144">case study</a> highlighting the positive impact of University of Rochester Medical Center's (URMC) transformative, system-wide deployment of Butterfly's point-of-care ultrasound (POCUS) devices and enterprise ultrasound platform, Compass&#x2122;. The results are backed by an <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fclinicalimagingscience.org%2Froadmap-to-success-blueprint-for-enterprise-wide-deployment-of-a-point-of-care-ultrasound-platform-inclusive-of-governance-policy-education-credentialing-and-quality-assurance%2F&amp;esheet=54122956&amp;newsitemid=20240917669860&amp;lan=en-US&amp;anchor=academic+paper&amp;index=4&amp;md5=6901dde3885271a01a52a19178f2c937">academic paper</a> published yesterday, September 16, 2024, in the Journal of Clinical Imaging Science.

Biotech

University Of Rochester Medical Center Boosts Diagnostic Accuracy And Workflow Efficiency With Butterfly Network's Enterprise Ultrasound Solution; URMC Increased Ultrasound Charge Capture By 116% Following System-Wide Deployment Of Butterfly Network Devices And Compass Workflow Software

Butterfly Network shares are trading higher after Lake Street initiated coverage on the stock with a Buy rating and announced $3 price target.

Lake Street initiates coverage on Butterfly Network (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFLY#NYSE">BFLY</a>) with a Buy rating and announces Price Target of $3.

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Lake Street Initiates Coverage On Butterfly Network with Buy Rating, Announces Price Target of $3

Shares of Butterfly Network (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bfly#NYSE">BFLY</a>) closed 26.9% higher on Sept. 4 after the company announced the commercial launch of its third-generation handheld point-of-care ultrasound system, Butterfly iQ3, in Europe. Investors are likely upbeat about the news due to the strong uptake of Butterfly iQ3 in the U.S. market following its February launch.
Butterfly iQ3 received EU MDR certification in March and is fully compliant with the Restriction of Hazardous Substances Directive. The device will currently be available in all European countries and the United Kingdom. It was launched in Canada during the second quarter. The company is now applying for regulatory approval for iQ3 in additional regions.
The Butterfly iQ3 is the company&#39;s most advanced portable ultrasound device in its portfolio which includes the second-generation iQ+ device. The Butterfly iQ3 uses BFLY&#39;s most advanced P4.3 chip that has double the processing power compared to iQ+ for best-in-class image quality, new advanced 3D imaging tools for easier use and a smaller, more ergonomic design. Moreover, the higher selling price of the device compared to iQ+ should accelerate the revenue growth rate.
BFLY&#39;s shares have gained 39.9% so far this year, significantly outperforming the industry&#39;s decline of 13.5% on the back of the rising adoption of Butterfly iQ3 in the U.S. market. The S&amp;P 500 Index has gained 15.9% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d3/76630.jpg?v=1658840067" /> 
Image Source: Zacks Investment Research
<h2>US Performance of BFLY&#39;s iQ3</h2>
Butterfly Network&#39;s 16% top-line growth in the second quarter was primarily driven by robust uptake of Butterfly iQ3 in the United States and additional sales from launch in Canada.&nbsp;Of the company&#39;s total online orders, 74% were for iQ3 during the quarter. iQ3 represented 89% of sales across all channels in Canada. Moreover, the company initiated a competitive device upgrade in the second quarter, allowing customers to turn their old non-butterfly product into a new iQ3. This represents an additional growth opportunity for the company as it upgraded over a thousand probes in the second quarter.
During the second quarter, iQ3 sales represented 50% of total unit sales, with 75% of total units sold in the United States.
<h2>BFLY&#39;s iQ3 to Improve Patient Care</h2>
The company&#39;s new advanced 3D capabilities, iQ Slice and iQ Fan for Butterly iQ3 make image capturing easier. iQ Slice helps to capture up to 46 ultrasound slices at a time across a wide angle. The imaging mode is designed to make it easier and faster to acquire excellent images without skilled maneuvering. On the other hand, iQ Fan is a dedicated lung tool that reduces the movements necessary to capture information and make informed clinical decisions.
These two new features come with Butterfly&#39;s existing robust feature list of more than 20 anatomical presets, six imaging modes and a collection of artificial intelligence, advanced imaging tools and a rich set of Calculation tools.
Apart from its rich features, Butterfly iQ3&#39;s smaller and ergonomic design is fueling its strong adoption in the United States and Canada, which is likely to continue to reflect in European markets as well. The device has a 17% smaller probe face and is 7% shorter in size than iQ+. The new device also comes with a stronger battery with up to 2 hours of thermal run time for outstanding continuous scanning and charges 2.5 times faster.
These features are helping the Butterfly iQ3 device to significantly enhance the echo image quality and the biplane mode for cannulation, which has already proven beneficial in managing patients with challenging IV access.
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<h3>Butterfly Network, Inc. Price</h3>
<img alt="Butterfly Network, Inc. Price" src="https://staticx-tuner.zacks.com/images/charts/75/1725523014.png" style="height:254px; width:572px" title="" />
Butterfly Network, Inc. price | Butterfly Network, Inc. Quote
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<h2>BFLY&#39;s Zacks Rank &amp; Other Stocks to Consider</h2>
Butterfly Network currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader medical space are&nbsp;Boston Scientific&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bsx#NYSE">BSX</a>),&nbsp;Apyx Medical (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apyx#NASDAQ">APYX</a>) and&nbsp;Universal Health Services (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uhs#NYSE">UHS</a>), each carrying a Zacks Rank #2 at present.
Boston Scientific has a long-term estimated growth rate of 12.6%. BSX&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 7.2%.
Boston Scientific&#39;s shares have risen 41.4% year to date compared with the&nbsp;industry&#39;s 12.3% growth.
Apyx Medicalhas an estimated growth rate of 20% for 2025. Its earnings missed estimates in each of the trailing four quarters, delivering a negative average surprise of 25.98%.
Apyx Medical&#39;s shares have lost 49.3% year to date against the&nbsp;industry&#39;s 12.3% growth.
Universal Health Services has a long-term estimated growth rate of 19%. UHS&#39; earnings surpassed estimates in each of the trailing four quarters, the average surprise being 14.58%.
Universal Health Services&#39; shares have risen 56.1% year to date compared with the&nbsp;industry&#39;s 48% growth.
<a href="https://www.zacks.com/stock/news/2331850/butterfly-network-s-stock-surges-on-iq3-device-launch-in-europe?cid=CS-BENZ-FT-analyst_blog|company_news_medical_sector-2331850">To read this article on Zacks.com click here.</a>

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Butterfly Network's Stock Surges on iQ3 Device Launch in Europe

Butterfly Network shares are trading higher after the company launched its next-generation butterfly iQ3 in Europe, offering advanced 3d imaging and enhanced portability across 16 countries.

Butterfly Network Launches Next-Generation Butterfly iQ3 In Europe, Offering Advanced 3D Imaging And Enhanced Portability Across 16 Countries Including The UK, Germany, And France​

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Butterfly Network announces public offering of common stock

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Butterfly Network 24M share Spot Secondary priced at $3.15

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Press Releases

Butterfly Network to Participate at the Canaccord Genuity MedTech, Diagnostics and Digital Health & Services Forum on November 21, 2024

Butterfly Network's iQ3™ Honored as the Best Medical Technology at 2024 Prix Galien USA Awards

Butterfly Network to Participate at the Virtual BTIG Digital Health Forum on November 25, 2024

Opinion

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Butterfly Network to Present at the 43rd Annual J.P. Morgan Healthcare Conference

Butterfly Network Reports Preliminary, Unaudited Fourth Quarter 2024 Revenue Growth of Approximately 35% Year over Year

Butterfly Network and Rutgers Robert Wood Johnson Medical School Reveal Preliminary Findings from Seminal Study on Impact of POCUS in Hospital Care

Healthcare AI Adoption Accelerates as Industry Eyes $125 Billion Growth by 2028

Butterfly Network Announces Proposed Public Offering of Common Stock

Butterfly Network Announces Pricing of $75.6 million Public Offering of Common Stock

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