Recent Updates — BFLY

Butterfly Network reported third-quarter revenue of $32.6 million, a 52% increase from the prior year period, driven by Embedded partnerships and probe sales volume. The company achieved its highest-ever gross margin of 73%, up from negative margins in the previous year, while narrowing its adjusted EBITDA loss to $1.2 million. Management raised full-year revenue guidance to a range of $123 million to $126 million and increased adjusted EBITDA expectations. The company also highlighted operational progress including FedRAMP authorization for federal opportunities and the launch of its first Embedded partner product. Butterfly Network, Inc. is a pioneer in semiconductor-based ultrasound devices, programmable cloud software and AI.

The Board of Directors appointed Michael Noonen as an independent director effective October 9, 2026. He will serve on the Compensation and Technology Committees. The board size increased to seven members. Mr. Noonen receives standard nonemployee director compensation, including a $300,000 restricted stock unit grant vesting over three years. Butterfly Network is a pioneer in semiconductor-based ultrasound devices, programmable cloud software, and AI.