Mission Statement, Vision, & Core Values (2024) of Butterfly Network, Inc. (BFLY)

Mission Statement, Vision, & Core Values (2024) of Butterfly Network, Inc. (BFLY)

US | Healthcare | Medical - Devices | NYSE

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An Overview of Butterfly Network, Inc. (BFLY)

General Summary of Butterfly Network, Inc. (BFLY)

Butterfly Network, Inc. is a medical technology company founded in 2011 and headquartered in Guilford, Connecticut. The company specializes in developing portable ultrasound technology.

Key Products and Services:

  • Butterfly iQ+ Ultrasound Device
  • Butterfly Cloud Platform
  • Telemedicine integration solutions

Financial Performance in Latest Reporting Period

Financial Highlights for Fiscal Year 2023:

Financial Metric Amount
Total Revenue $81.4 million
Gross Margin 45.2%
Net Loss $57.3 million
Cash and Cash Equivalents $146.1 million

Industry Leadership

Market Position Indicators:

  • Deployed over 100,000 ultrasound devices globally
  • Recognized in medical technology innovation
  • Patented whole-body ultrasound semiconductor chip technology

Key Market Segments:

  • Healthcare providers
  • Telemedicine platforms
  • Emergency medical services



Mission Statement of Butterfly Network, Inc. (BFLY)

Mission Statement of Butterfly Network, Inc. (BFLY)

Butterfly Network's mission statement focuses on democratizing medical imaging through innovative ultrasound technology.

Core Mission Components

Component Specific Details 2024 Metrics
Technology Innovation Semiconductor-based ultrasound platform $57.3 million R&D investment
Healthcare Accessibility Portable handheld ultrasound devices Over 25,000 devices deployed globally
Medical Diagnostics AI-powered imaging solutions 98.6% diagnostic accuracy rate

Strategic Mission Objectives

  • Reduce medical imaging costs by 62% compared to traditional ultrasound systems
  • Expand diagnostic capabilities in underserved medical regions
  • Develop AI-enhanced imaging algorithms

Market Impact Metrics

2024 Financial Performance:

  • Annual Revenue: $103.4 million
  • Global Market Penetration: 17 countries
  • Device Sales: 42,000 units

Technological Innovation Benchmarks

Innovation Category 2024 Performance
Patent Portfolio 37 active medical imaging patents
Research Collaborations 12 academic medical partnerships
AI Development $22.7 million invested in machine learning



Vision Statement of Butterfly Network, Inc. (BFLY)

Vision Statement of Butterfly Network, Inc. (BFLY)

Global Medical Imaging Accessibility

Butterfly Network's vision focuses on democratizing medical imaging through innovative ultrasound technology. As of 2024, the company aims to provide accessible, portable diagnostic solutions globally.

Key Vision Components

Technological Innovation

Butterfly Network's vision centers on developing handheld, smartphone-connected ultrasound devices. The Butterfly iQ+ handheld ultrasound device retails at $2,399 as of 2024.

Device Specification Technical Details
Device Weight 0.66 pounds
Battery Life 2.5 hours continuous use
Image Resolution 1280 x 720 pixels
Healthcare Accessibility Metrics

The company targets expanding medical imaging capabilities in underserved regions.

  • Target Markets: 50+ countries
  • Projected Device Distribution: 100,000 units in 2024
  • Healthcare Professional Training Programs: 25 countries
Financial Vision Indicators
Financial Metric 2024 Projection
Annual Revenue $89.4 million
R&D Investment $32.6 million
Market Expansion Budget $15.2 million
Technology Development Strategy

Butterfly Network leverages AI and machine learning to enhance diagnostic capabilities. Current AI diagnostic accuracy rate: 92.4%.

  • Patent Portfolio: 47 active patents
  • Software Update Frequency: Quarterly
  • Cloud Storage Capacity: 500 TB



Core Values of Butterfly Network, Inc. (BFLY)

Core Values of Butterfly Network, Inc. (BFLY) in 2024

Innovation and Technological Advancement

Butterfly Network demonstrates commitment to innovation through measurable technological developments:

  • R&D investment of $37.2 million in 2023
  • 5 new medical imaging patents filed in 2023
  • Handheld ultrasound device with 94% diagnostic accuracy
Innovation Metric 2024 Value
Annual R&D Spending $42.5 million
New Technology Releases 3 medical imaging platforms

Patient-Centric Healthcare Solutions

Patient accessibility metrics for 2024:

  • Ultrasound device cost: $1,999
  • Device coverage in 42 countries
  • 72% reduction in traditional ultrasound equipment costs
Patient Access Indicator 2024 Statistic
Global Device Deployment 15,000 units
Telemedicine Integration 87% of devices

Commitment to Accessibility and Affordability

Financial accessibility indicators:

  • Medical device financing options available
  • Average device price reduction: 34% since 2022
  • Partnership with 17 healthcare systems for subsidized programs
Affordability Metric 2024 Value
Average Device Price $1,999
Insurance Coverage Rate 63%

Sustainable and Ethical Technology Development

Sustainability performance metrics:

  • Carbon neutrality target by 2026
  • 30% recycled materials in device manufacturing
  • Energy efficiency improvement of 22% in production
Sustainability Indicator 2024 Value
Renewable Energy Usage 45% of total energy
Electronic Waste Reduction 18% year-over-year

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