Direct-to-consumer virtual care company Hims & Hers Health reported 57% year-over-year revenue in the third quarter of this year at $226.7 million, compared to $144.8 million in the same period last year.
Net loss was $7.6 million in Q3 this year, down from $18.8 million in Q3 last year, and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $12.3 million,...
Butterfly Network, maker of a handheld, smartphone-connected ultrasound system, announced a five-year co-development collaboration with Forest Neurotech, a tech-enabled research company building a device for stimulating and imaging the brain with ultrasound, to develop a whole-brain neural interface utilizing Butterfly's Ultrasound-on-Chip technology.
The Massachusetts-based company's Ultrasound...
Butterfly Network, maker of a handheld, smartphone-connected ultrasound system, reported a 3.8% drop in revenue in the second quarter of 2023 at $18.5 million compared to its Q2 revenue of $19.2 million in 2022.
Butterfly reported a net loss of $28.7 million for the period compared to a $35.8 million loss in Q2 2022. Adjusted earnings before interest, taxes, depreciation and amortization (...
Butterfly Network, maker of a handheld, smartphone-connected ultrasound system, saw its stock price drop after reporting first-quarter revenue of $15.5 million, flat from its total revenue of $15.6 million in Q1 2022, alongside a net loss of $33.5 million.
Still, this year, the Mass.-based company's first quarter net loss was less than its reported $44.5 million loss in the first quarter of...
Oracle has announced that Seema Verma, former administrator of the Centers for Medicare and Medicaid Services, will head up its life sciences division.
Verma will serve as senior vice president and general manager for life sciences, where she'll lead the division, as well as the company's data analytics and research arm Cerner Enviza. She most recently worked as a senior advisor to private equity...
Butterfly Network, maker of a handheld, smartphone-connected ultrasound system, received FDA 510(k) clearance for its Auto B-line Counter that leverages AI to help providers determine if a patient has abnormal lung function by measuring B-lines.
B-lines on an ultrasound appear as bright lines and can be associated with various pulmonary conditions, such as chronic obstructive pulmonary disease...
Butterfly Network, maker of a handheld, smartphone-connected ultrasound system, announced that president and CEO Dr. Todd Fruchterman is stepping down. He also will leave his position on the board of directors.
Jonathan Rothberg, founder and chairman of the board, will step in as interim CEO, and Fruchterman will assist Butterfly's leadership with the transition until the end of the year.
"On...
Talkspace reported a growing net loss in the third quarter as the teletherapy company continues to shift to a business-to-business model from a consumer-facing product.
It reported an $18 million net loss compared with $2 million loss in the prior-year period, which it attributes to a lower marketing spend. Talkspace posted revenue of $29 million, an 11% increase from 2021. The company also noted...
Insulin pump-maker Insulet reported net income of $27.8 million during the first quarter this year, months after it received FDA 510(k) clearance for its Omnipod 5 automated insulin delivery system.
The company also posted $295.4 million in revenue during Q1, compared with $252.3 million in the prior year, beating expectations. Insulet is currently building a limited launch of the Omnipod 5 and...
Handheld ultrasound maker Butterfly Network announced Wednesday it had appointed Heather Getz as executive vice president and chief financial officer.
Getz, who takes the reins beginning May 2, worked at remote-monitoring company BioTelemetry for 12 years, including posts as executive vice president and chief financial and administrative officer. The company was acquired by health tech giant...
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