Butterfly Network, Inc. (NYSE:BFLY) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET

Company Participants

Heather Getz - Executive Vice President & Chief Financial Officer

Joseph DeVivo - Chairman & Chief Executive Officer

Conference Call Participants

Suraj Kalia - Oppenheimer & Co.

Neil Chatterji - B. Riley Securities

Joshua Jennings - Cowen

Danielle Antalffy - UBS

Operator

Ladies and gentlemen, hello, and welcome to the Butterfly Network Q2 2023 Earnings Call. My name is Maxine, and I'll be coordinating the call today. [Operator Instructions] I would now hand you over to your host, Heather Getz to begin.

Heather, please go ahead when you're ready.

Heather Getz

Good morning, and thank you for joining us today. Earlier this morning, Butterfly released financial results for the second quarter ended June 30, 2023, and provided a business update the release and earnings presentation, which include a reconciliation of management's use of non-GAAP financial measures compared to the most applicable GAAP measures are currently available on the Investors section of the company's website at ir.butterflynetwork.com. I, Heather Getz, Chief Financial and Operations Officer at Butterfly; alongside Joseph DeVivo, Butterfly's Chairman and Chief Executive Officer, will host this morning's call.

During today's call, we will be making certain forward-looking statements. These statements may include, among other things, expectations with respect to financial results, future performance, development and commercialization of products and services, potential regulatory approval, the size and potential growth of current or future markets for our products and services and the impact of these macroeconomic factors on our business. These forward-looking statements are based on current information, assumptions and expectations that are subject to change and involve a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those contained in the forward-looking statements. These and other risks are described in our filings made with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, and the company disclaims any obligation to update such statements. As a reminder, this call is being webcast live and recorded. To access the webcast, please visit the Events section in the Investors section of our website, and a replay of the event will be available following the call.

I would now like to turn the call over to Joe. Joe?

Joseph DeVivo

Thank you, Heather. So I'm pleased to review our results for the second quarter of 2023 and share perspective for my first 100 days on the job. I've done a complete review of the business over the quarter and now have a pretty good feel of where we are. Puttifier Network is a great technology platform. We're leading point of care ultrasound with simply the best solution in the market. Our ultrasound on chip technology allows us to tune a single probe for multiple parts of the body, delivering the cloud, streamline enterprise imaging while documenting an EMRs, billing, managing proficiency for physicians, all at our competitive price point. It has put us in a league of our own.