Butterfly Network, Inc. · NYSE:BFLY
Butterfly Network — 43rd Annual J.P. Morgan Healthcare Conference 2025
29 slides from Butterfly Network's conference presentation, Jan 16, 2025
Slide 1: Harness the power of ultrasound at scale.
Harness the power of ultrasound at scale. 43rd Annual J.P. Morgan Health Conference January 16, 2025
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Our actual results may differ from our expectations, estimates, and projections and, consequent
Slide 3: Transforming Care with the World's First Complete Ultrasound-on-Chip Solution
Transforming Care with the World’s First Complete Ultrasound-on-Chip Solution. 2024 Financial Performance • Preliminary unaudited Q4 Revenue growth of approximately 35% – above guidance • Preliminary unaudited Full Year revenue growth of approximately 25% 2024 Operational Highlights • Launched New P
Slide 4: The power of semiconductors.
The power of semiconductors. Supercomputers Ultrasound carts to to iPhone. Butterfly. 4
Slide 5: Butterfly is revolutionizing the ultrasound industry
Just as the digital cameras disrupted the film camera industry, Butterfly is revolutionizing the ultrasound industry. Analog camera Digital camera on with film semiconductor chip Analog ultrasound with Digital ultrasound on piezoelectric crystals semiconductor chip 5
Slide 6: Butterfly Ultrasound-on-Chip: Advanced digital processing in handheld ultrasound
Butterfly Ultrasound-on-Chip : Advanced digital processing in handheld ultrasound. Compact Affordable Whole-body 3D 6
Slide 7: The complete Butterfly solution
The complete Butterfly solution. Powerful insights delivered in an easy, efficient way. HARDWARE SO F TW ARE SE RVICES Award-Winning Compass Software Professional Services iQ3 Probe Butterfly ScanLab AI & Imaging Modes Implementation & AI-powered education App Support Semiconductor-chip We’ll get yo
Slide 8: We're Transforming Patient Care Across the Globe
We’re Transforming Patient Care Across the Globe of the world’s population lack access 2/3 to medical imaging.1 of diagnostic dilemmas can be solved 80% with simple imaging.1 of initial assessments with imaging 50% resulted in changed diagnosis or management.2 1. PAHO/WHO | World Radiography Day: Tw
Slide 9: The Ultrasound-on-Chip Evolution iQ
The Ultrasound-on-Chip Evolution iQ iQ+ iQ3 Chip Version P2.0 P4.1 P4.3 Data Rate 4.8Gb/s 4.8Gb/s 9.6Gb/s MI @ 1.5MHz 1x (baseline) 1x 1x CPU (Count x Freq) 1x @ 100Mhz 1x @ 100Mhz 2x @ 600Mhz DSP (Count x Freq) 16x @ 100Mhz 16x @ 100Mhz 16x @ 100Mhz Compute CSPS 1.6 billion 1.6 billion 1.6 billion
Slide 10: The Ultrasound-on-Chip Evolution iQ3
The Ultrasound-on-Chip Evolution iQ3 iQ4 X Chip Version P4.3 P5.0 A1.0 Data Rate 9.6Gb/s 9.6Gb/s 240Gb/s MI @ 1.5MHz 1x 2x 2x CPU (Count x Freq) 2x @ 600Mhz 2x @ 600Mhz 1x @ 1Ghz DSP (Count x Freq) 16x @ 100Mhz 16x @ 100Mhz 128x @ 1Ghz Compute CSPS 1.6 billion 1.6 billion 128 billion 10
Slide 11: Evolution – Image Quality
The Ultrasound-on-Chip Evolution – Image Quality 2015 2016 2017 iQ P5 11
Slide 12: Evolution – Image Quality
The Ultrasound-on-Chip Evolution – Image Quality Butterfly P5 Mindray M8 Cart 12
Slide 13: Today's Global Ultrasound Market
Today’s Global Ultrasound Market Compact Mid-range Handheld ultrasound Low-end cart High-end cart Premium cart ultrasound cart carts ultrasound ultrasound ultrasound system ultrasound (Low, Mid & system system system (Digital and piezo) Premium) system Pocket-sized Compact Cart system with Cart with
Slide 14: Butterfly's solution unlocks economic and clinical benefits
Butterfly’s solution unlocks economic and clinical benefits for better health care. University of Rochester Medical Center Boosts Diagnostic Accuracy and Workflow Efficiency with Our Enterprise Ultrasound Solution 14
Slide 15: Total Addressable Market
Our future: unlocking the inevitable ubiquity of ultrasound. Total Addressable Market We’re also building a new TAM… 1 device per doctor, nurse & Pregnancy/CHF/Bladder patient $350B+ TAM Worldwide Homecare and LTC facilities (bladder + lung) Hospital ultrasound >$20BN (compete in cart market) Core ~
Slide 16: Continue to Drive POCUS into Medical Education at All Levels
Continue to Drive POCUS into Medical Education at All Levels • 73% of U.S. Medical Schools have ultrasound in their curriculum • 1 probe per student model is expanding • The majority of medical specialties now require POCUS training in residency programs 16
Slide 17: Boost Competency with AI-Assisted Practice
Boost Competency with AI-Assisted Practice 17
Slide 18: Medical Education with ScanLab
Medical Education with ScanLab https://www.prnewswire.com/news-releases/kansas-city-university-sets-new-standard- in-point-of-care-ultrasound-education-with-ai-guided-training-curriculum- 18 302268356.html
Slide 19: AI-powered apps compatible with Butterfly
AI-powered apps compatible with Butterfly. ✓ An ever-evolving platform of apps for Butterfly customers. ✓ Empower learners with cutting-edge AI. 19
Slide 20: AI-powered apps compatible with Butterfly
Compass Workflow Management App AI-powered apps compatible with Butterfly. Device iQ3 Agnostic Encounter-Based Workflow Butterfly 3rd Party Handheld Ultrasound Ultrasound Devices Encounter-Based Hospital IT Workflow Integration 20
Slide 21: Next-Generation Mobility Empowering Clinicians Through the Cloud
Next-Generation Mobility Empowering Clinicians Through the Cloud Our roadmap of engagement tools will enable a clinician to stay connected – always picking up where they left off, no matter where care is needed. 21
Slide 22: Progressing Butterfly HomeCare Services Business
Progressing Butterfly HomeCare Services Business Developing a robust homecare services business that will not only open up new channels for Butterfly, but further differentiates us from our competitors. First opportunities will target Heart Failure and Neurogenic Bladder management. 22
Slide 23: Late-Breaking Clinical Trial: Value of POCUS for Heart Failure Outcomes and Hospital Efficiency
Late-Breaking Clinical Trial: Value of POCUS for Heart Failure Outcomes and Hospital Efficiency Study Design: stepped-wedge cluster randomized trial to reflect real-world conditions. 216 patients enrolled, with hospitalists trained through Butterfly Academy and supported by sonographers. Key results
Slide 24: Butterfly HomeCare Services
Butterfly HomeCare Services Reimagining remote care – in nursing facilities and the home. Bedside Nurse acquires Aggregated & Reviewed via Diagnosis & next Nursing Care image, aided sent through Telehealth steps determined by advanced the cloud consultation AI Desired Impact: Increased diagnosis & t
Slide 25: The Future Driven By Chip-Enabled Ultrasound Technology
Compact Affordable Whole-body The Future Driven By Chip- 3D Enabled Ultrasound Technology ✓ Compact, cost-effective, power-efficient, immensely capable ✓ 9,000 element 2D Matrix Array for 3D imaging ✓ Ultra-wide frequency range (1-12MHz) ✓ 25,000 concurrent 4K movie streams ✓ 1 Trillion operations p
Slide 26: A New Paradigm for Ultrasound-on-Chip Innovation
A New Paradigm for Ultrasound-on-Chip Innovation Limitless Applications, Unlocking Massive, Growing TAMs Wearables Implantables >$30BN TAM >$115BN TAM >$25BN SAM And a world of >$10BN SAM non-medical applications… Interventional Therapeutics >$100BN TAM >$80BN TAM >$20BN SAM >$20BN SAM 26
Slide 27: Our Strategic Pillars
Our Strategic Pillars Strengthen Core Expand Differentiate Generate ● Transform standard of ● Continue investing in ● Penetrate further into care through new our Ultrasound-on- ● 2024 estimated growth of Hospitals, Clinic, applications and AI Chip approximately 25% Veterinary, Med Schools, powered t
Slide 28: Momentum is in our favor…
Momentum is in our favor… The healthcare ecosystem is embracing POCUS. Professional 1,600+ POCUS societies are research creating/enforcing publications in POCUS POCUS-trained 2023 alone Over 70% of US guidelines residents & Medical Schools medical students Train on POCUS are entering the workforce O
Slide 29: Thank you!
VERSATILE. AFFORDABLE. DIGITAL. Thank you! Ult ras ound-on-Chip Versat ile Ha ndheld Int uitive Software Professional Services Platform With >20 presets on a AI, workflow, & Dedicated sup port to 600 pa ten ts issued single, who le-bod y edu cationa l tools driving org anizatio ns from day and pe nd
Butterfly Network — 43rd Annual J.P. Morgan Healthcare Conference 2025 on 6ix