Butterfly Network, Inc. — fact timeline

Butterfly Network, Inc. shareholders approved Advisory vote on executive compensation at the 2026-06-18 meeting.

“The Company’s stockholders approved by a non-binding advisory vote the compensation of the Company’s named executive officers, as disclosed in the proxy statement. The votes cast on this proposal were as follows: Votes For Votes Against Abstentions Broker Non-Votes 614,118,861 8,857,243 517,710 68,273,752”

Butterfly Network, Inc. shareholders approved Ratify the appointment of Deloitte & Touche LLP as independent registered public accounting firm at the 2026-06-18 meeting.

“The Company’s stockholders approved the proposal to ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The votes cast on this proposal were as follows: Votes For Votes Against Abstentions 690,013,905 1,037,128 716,533”

Butterfly Network, Inc. shareholders approved Election of Directors at the 2026-06-18 meeting.

“Each of Joseph DeVivo; Jonathan M. Rothberg, Ph.D.; Larry Robbins; Caroll H. Neubauer; Elazer Edelman, M.D., Ph.D.; S. Louise Phanstiel; and Erica Schwartz, M.D., J.D., M.P.H. was elected as a director of the Company, to serve for a one-year term until the Company’s 2026 Annual Meeting of Stockholders and until their respective successor has been elected and qualified. The votes cast in the election of the directors were as follows: Nominee Votes For Votes Against Abstentions Broker Non-Votes Joseph DeVivo 621,675,693 1,606,171 211,950 68,273,752 Jonathan M. Rothberg, Ph.D. 622,369,243 898,308 226,263 68,273,752 Larry Robbins 622,081,118 1,191,480 221,216 68,273,752 Caroll H. Neubauer 622,482,090 785,388 226,336 68,273,752 Elazer Edelman, M.D., Ph.D. 622,169,037 1,097,459 227,318 68,273,752 S. Louise Phanstiel 621,997,159 1,168,660 327,995 68,273,752 Erica Schwartz, M.D., J.D., M.P.H. 621,848,491 1,430,748 214,575 68,273,752”

Caroll H. Neubauer was appointed as Director at Butterfly Network, Inc..

“On May 7, 2026, the Board appointed Caroll H. Neubauer to the Board, effective on May 18, 2026 (the “Effective Date”).”

Erica Schwartz departed as Director at Butterfly Network, Inc..

“On May 4, 2026, Dr. Erica Schwartz notified the Board of Directors (the “Board”) of Butterfly Network, Inc. (the “Company”) that she will resign as a director of the Company subject to and effective upon her confirmation as Director of the Centers for Disease Control and Prevention (the “CDC”) by the U.S. Senate.”

Butterfly Network, Inc. reported the first quarter ended March 31, 2026 results: revenue $26.5 million, net income $12.7 million, EPS $(0.05). Guidance reaffirmed.

“Revenue: Total revenue was $26.5 million, representing growth of 25% from $21.2 million in the first quarter of 2025. U.S. revenue was $21.4 million, up 25% from prior year, primarily driven by revenue from our Butterfly EmbeddedTM partnerships, including our co-development partnership with Midjourney. International revenue increased 23% year-over-year to $5.2 million, largely resulting from increased probe sales in the current year to our distribution partners. Both our U.S. and international revenue also benefited from favorable shifts in our product sales mix towards our higher-priced iQ3 probes. Gross margin: Gross profit was $18.3 million versus gross profit of $13.4 million in the prior year period. Gross margin increased to 68.9% compared to 63.0% in the prior year period. This increase was primarily due to the relatively higher margin return on our Butterfly EmbeddedTM licensing revenue, as compared to our core business offerings, as well as a reduction in software amortization”

Butterfly Network, Inc. updated its the first quarter ended March 31, 2024 guidance (raised).

“On May 1, 2024, Butterfly Network, Inc. (the “Company”) issued a press release announcing its results for the first quarter ended March 31, 2024 and providing a business update.”

Butterfly Network, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

“April 26, 2024, the Company received a notification letter (the “Notice”) from the New York Stock Exchange (the “NYSE”) advising that because the average closing price of the Company’s common stock was less than $1.00 over a consecutive 30 trading-day period, it is not in compliance with Section 802.01C of the NYSE Listed Company Manual (“Section 802.01C”). The Company’s common stock will continue to be listed and traded on the NYSE, subject to the Company’s compliance with other NYSE continued listing standards. Pursuant to Section 802.01C, the Company has a period of six months following the”

Butterfly Network, Inc. reported the fourth quarter and year ended December 31, 2023 results: revenue $16.5 million.

“o ScanLabTM , an AI-powered educational application for ultrasound scanning practice. ​ Three Months Ended December 31, 2023 Financial Results Revenue : Total revenue was $16.5 million, down from $19.0 million in the fourth quarter of 2022. U.S. revenue was $10.9 million, down 3% from prior year, driven by lower probe sales but partially offset by higher”

Gianluca Pettiti resigned as Director at Butterfly Network, Inc..

“Mr. Pettiti’s resignation from the Board was to pursue other external opportunities and is not due to any disagreement with the Company’s operations, policies, or practices.”

Butterfly Network, Inc. reported the quarter ended September 30, 2023 results: revenue $15.4 million, net income $27.4 million.

“in its direct sales team while allowing Butterfly to conservatively extend its cash to 2026. Three Months Ended September 30, 2023 Financial Results Revenue : Total revenue was $15.4 million, down from $19.6 million in the third quarter of 2022. U.S. revenue was $10.4 million, down 15% from prior year, driven by lower probe sales largely as a result of a large”

Butterfly Network, Inc. reported second quarter ended June 30, 2023 results: revenue $18.5 million.

“handheld, whole-body ultrasound , today announced financial results for the quarter ended June 30, 2023, and provided a business update. Highlights ● Reported total revenue of $18.5 million for the second quarter of 2023, a 3.8% decrease from $19.2 million for the second quarter of 2022, and significantly reduced losses. ● Conducted a full strategy reevaluation with”

Butterfly Network, Inc. announced a restructuring with charges of around $5 million in cash charges (a 25% reduction in the Company’s work force).

“On July 11, 2023, Butterfly Network, Inc. (the “Company”) announced a plan approved by the Company’s Board of Directors that is designed to better align the Company’s commercial objectives and prioritization with its existing strengths and offerings. In addition to this strategic realignment, the plan includes a 25% reduction in the Company’s work force and other savings, which will reduce the Company’s cash use by an average of approximately $2 million per month and allow the Company to extend its cash resources. The Company estimates that it will incur around $5 million in cash charges related to employee severance and benefits costs, substantially all of which the Company expects to incur in the third and fourth quarters of 2023.”

Butterfly Network, Inc. shareholders approved Advisory approval of the compensation of the Company's named executive officers as disclosed in the proxy statement at the 2023-06-16 meeting.

“3. On an advisory basis, the compensation of the Company’s named executive officers as disclosed in the proxy statement was approved, based on the following votes: ​ ​ ​ ​ ​ ​ ​ ​ Votes For ​ Votes Against ​ Abstentions ​ Broker Non-Votes 582,421,266 14,649,528 503,233 44,916,791”

Butterfly Network, Inc. shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-06-16 meeting.

“2. The appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 was ratified, based on the following results: ​ ​ ​ ​ ​ ​ Votes For ​ Votes Against ​ Abstentions 639,837,445 ​ 2,238,297 ​ 415,076”

Butterfly Network, Inc. shareholders approved Election of directors at the 2023-06-16 meeting.

“On June 16, 2023, Butterfly Network, Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders to consider and vote on the three proposals set forth below, each of which is described in detail in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 28, 2023. ​ The following actions were taken at such meeting: ​ 1. The following nominees were re-elected to serve on the Company’s Board of Directors until the Company’s 2024 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified, based on the following votes:”

Butterfly Network, Inc. reported the quarter ended March 31, 2023 results: revenue $15.5 million, net income $33.5 million.

“First Quarter 2023 Financial Results First quarter total revenue of $15.5 million was flat from $15.6 million in the first quarter of 2022. Our U.S. direct sales channel saw a 15% increase led by software and other services as well as increases in our global health business. These increases were offset by lower eCommerce, International, and Vet. Product revenue decreased 19.7% to $8.8 million from $11.0 million in the first quarter of 2022. Software and other services revenue increased 45.4% to $6.6 million from $4.6 million in the first quarter of 2022. Gross profit for the first quarter was $9.1 million, compared to gross profit of $8.3 million in the first quarter of 2022. Total gross margin for the first quarter was 58.7%, compared to 53.6% in the first quarter of 2022. This increase was primarily due to a higher average selling price, in addition to product mix, reflecting a higher proportion of subscription revenues. Also contributing to the increased margin was higher manufactur”

Joseph DeVivo was appointed as President and Chief Executive Officer, principal executive officer, and Chairman of the Board at Butterfly Network, Inc..

“the Board approved the appointment of Joseph DeVivo as President and Chief Executive Officer, principal executive officer, and Chairman of the Board, effective as of April 24, 2023”

Butterfly Network, Inc. reported the full year ended December 31, 2022 results: revenue $73.4 million. Guidance initiated.

“Total Revenue of $73.4 million for the full year ended December 31, 2022, which represented 17.3% growth compared to the full year ended December 31, 2021.”

Butterfly Network, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $19.0 million, net income $33.7 million. Guidance initiated.

“whole-body ultrasound, today announced financial results for the quarter ended December 31, 2022, and provided a business update. Highlights ● Reported total revenue of $19.0 million for the fourth quarter ended December 31, 2022, flat to the fourth quarter ended December 31, 2021. Total Revenue of $73.4 million for the full year ended December 31, 2022,”

John Hammergren departed as member of the Board of Directors at Butterfly Network, Inc..

“On January 25, 2023, John Hammergren, a member of the Board of Directors (the “Board”) of Butterfly Network, Inc. (the “Company”), notified the Company that he is resigning from the Board, effective as of the same date.”

Butterfly Network, Inc. announced a restructuring with charges of approximately $5 million to $6 million (approximately 25% of the Company’s workforce).

“In addition to decreasing other operating expenses, the plan includes a reduction in force representing approximately 25% of the Company’s workforce. The Company estimates that it will incur between approximately $5 million to $6 million of cash charges related to employee severance and benefits costs, substantially all of which the Company expects to incur in the first and second quarters of 2023.”

Jonathan Rothberg was appointed as Interim Chief Executive Officer at Butterfly Network, Inc..

“Dr. Jonathan Rothberg, the Company’s Founder and Chairman of the Board, will serve as Interim CEO during this time of transition.”

Todd Fruchterman departed as President and Chief Executive Officer at Butterfly Network, Inc..

“the Company and Todd Fruchterman, M.D., Ph.D. have mutually agreed that Dr. Fruchterman will leave his position as President and Chief Executive Officer and as a member of the Board of Directors”

Butterfly Network, Inc. reported the third quarter ended September 30, 2022 results: revenue $19.6 million, net income $54.7 million. Guidance lowered.

“Butterfly Network, Inc. (NYSE: BFLY) (“Butterfly”), a digital health company transforming care with handheld, whole-body ultrasound, today announced financial results for the quarter ended September 30, 2022, and provided a business update. Highlights ● Reported total revenue of $19.6 million for the third quarter ended September 30, 2022, representing a 34.2% increase from $14.6 million for the third quarter ended September 30, 2021”

Stacey Pugh resigned as Chief Commercial Officer at Butterfly Network, Inc..

“On November 1, 2022, Stacey Pugh, Chief Commercial Officer of the Company, notified the Company of her resignation effective as of November 24, 2022 to pursue another opportunity.”

Heather C. Getz was appointed as Executive Vice President and Chief Financial Officer and Treasurer at Butterfly Network, Inc..

“Heather C. Getz, CPA, MBA, was appointed by the board of directors as Executive Vice President and Chief Financial Officer and Treasurer, effective May 2, 2022”

Stephanie Fielding resigned as Chief Financial Officer at Butterfly Network, Inc..

“on January 31, 2022, Stephanie Fielding, CFA, delivered her resignation as the Chief Financial Officer of the Company, effective as of April 30, 2022”

Stephanie Fielding resigned as Chief Financial Officer at Butterfly Network, Inc..

“On January 31, 2022, Stephanie Fielding, CFA, who joined the Company in April 2020 as Senior Vice President of Finance and was promoted to Chief Financial Officer in November 2020, delivered her resignation as the Chief Financial Officer of the Company, effective as of April 30, 2022”

Erica Schwartz was appointed as Director at Butterfly Network, Inc..

“On September 8, 2021, the Board of Directors (the “Board”) of Butterfly Network, Inc. (the “Company”) appointed Erica Schwartz, MD, JD, MPH to the Board, effective as of the same date.”

Todd M. Fruchterman was appointed as Chief Executive Officer at Butterfly Network, Inc..

“pursuant to which the Predecessor Company employed Dr. Fruchterman as its Chief Executive Officer commencing February 1, 2021.”

David Perri departed as Chief Operating Officer at Butterfly Network, Inc..

“On June 18, 2021, David Perri stepped down from his position as Chief Operating Officer of Butterfly Network, Inc. (the “ Company ”), effective June 30, 2021.”

Stephanie Fielding resigned as Chief Financial Officer at Butterfly Network, Inc..

“delivered her resignation as the Chief Financial Officer of the Company, effective as of April 30, 2022”

Erica Schwartz was appointed as Director at Butterfly Network, Inc..

“appointed Erica Schwartz, MD, JD, MPH to the Board, effective as of the same date.”

Todd M. Fruchterman, M.D., Ph.D. was appointed as Chief Executive Officer at Butterfly Network, Inc..

“On July 20, 2021, Butterfly Network, Inc. (the “Company”), entered into an employment agreement (the “Employment Agreement”) with Todd M. Fruchterman, M.D., Ph.D., effective February 1, 2021”