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0 0 0 6.28930817609994E-05 -0.00628930817610063 -0.0251572327044025 -0.0251572327044025 0.0408805031446541
Stock impact report

Butterfly Network's Stock Surges on iQ3 Device Launch in Europe [Yahoo! Finance]

Butterfly Network, Inc. Class A (BFLY) 
Company Research Source: Yahoo! Finance
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's most advanced portable ultrasound device in its portfolio which includes the second-generation iQ+ device. The Butterfly iQ3 uses BFLY'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's shares have gained 39 Show less Read more
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