Butterfly Network
The increase in adjusted gross margin was related to a rise in average selling price and a decrease in software amortization costs for the company's software development investments.
The certifications show that the company meets globally recognized standards for medical imaging.
The partnership aims to increase health practitioners' capabilities to master 10 essential cardiac views.
EU MDR certification allows for the expansion of Butterfly IQ+ into several EU markets.
Butterfly Network reports decreased total revenue in the third quarter, and teletherapy company Talkspace shows a 32% increase in revenue over the prior-year period.
The ultrasound maker will codevelop a whole-brain neural interface with Forest Neurotech, a research company building a device for brain imaging and stimulation.
The company reported second-quarter revenue of $18.5 million with a net loss of $28.7 million, alongside operating expenses totaling $42.2 million.
The company saw its stock price drop upon release of its first-quarter earnings.
Butterfly Network, maker of a handheld ultrasound, also announced it had hired Joseph M. DeVivo as the company's new president and CEO.
The company's Auto B-line Counter product uses AI to help providers assess abnormal lung conditions.