and so XXXX great you, Butterfly Thank good for far. has afternoon, everyone. a year been Heather,
the the most forward. future.
Earlier These in continued these quarter, pillars guidance differentiated that expanding accelerate introduced we our new to become have business; in we there. drive tech our plan executing robust to this such our to million and momentum, our against for and care core investment a continued we XX% executing at efficient, growth clear R&D innovation; last X, settings maintain as and our million held to growth it gave profitability or are and Day, year-over-year. be focus and roadmap to investing an get X, the our Investor year, to goals.
The pillars X, look more and user we home; especially our raised to our new pillars semiconductor quarter, XX% these where to hood and under accessible Throughout During we continued revenue more in to bases include: becoming accelerating should our we today's in our one, our call, strong to $XX market $XX path a pathway
Regardless prior. growth; numbers. quarter represented large in year year As this, this we history. highest toughest deals the X blew part non-recurring that the posted the event, XX% In our Butterfly's we quarterly year-over-year past for revenue, comp one-time in we school happened of that second would due revenue QX, $XX.X our medical of be million mentioned to the
So plan this we're outcome demonstrates and our working. that is delivering
of shortly. of progress, into an reduction cost commercial an additional initiative So the more discuss completed we achieved In like million. into Heather that I'd side get I before to detail July, will business. the $XX cost go annualized
and while, and into extending while more identifying digital, so new All our They're in the easy commitment chips, of cost efficient, into our years, proud to I organization to This cash XXXX. we cash maturing and the the form advancements past is every shareholders become day. use line to the the we're execution million $XX under investment reduction. not task to an X re-energizing am reduced our growth an top commercial factors. our delivering now a ways value while investing our increasing runway continually our team. Over balance year, technological to maintaining in and machine
Now sales. to turning
I performance by features EU As who and grew XX%. our the start international the U.S. This international on was quarter, revenue well iQ+ I mentioned, we quality ASP as team, sales strong to in the markets commercially delivered of Canada as success very business new in at iQX this On was uplift and QX, added the software sustainable pleased be MDR-cleared, launched a revenue newly, Asia. sales. driven advanced and am with channels.
In and an continued iQX in clinically. Southeast we our repeatable quarter's product, of of stellar from across enterprise of top a iQX complete quarter opened our that, it because
in involved several in. have actively system previously health are We we been competitive would deals that not
programs. advanced last image to trends continue the success in all for the across customers sales We've a years quality the a to we school over In to our we iQX.
When look these medical just deals. pleased represented probes for our iQX and data, of competitive We'll allowing due a critical quarter time. technology mentioned iQX online be upgrade We've XX% Our device toughest iQX, turn QX new and non-Butterfly but we're see, their XX% year's old X,XXX Butterfly use tremendous purchased Canada, improved into of in accelerated cardiac large had customers believe this channels. to to this at over launched our to to was school upgraded utilization launching iQX of product comp specialists.
I placing our these that's that OB analyze presets. medical testament
as anniversary. on just, for a It's events large-scale typically of course, Butterfly one-time a large donor school combination that in possible X-to-X primarily of the or to the relying segment by public medical school were deals built made probes those historically, deployments students putting smaller funding. share medical So big company, hard to enjoy lab are orders. We,
a ScanLab position valuable our directly, of purchasing maturing.
ScanLab probes in by number huge be confident So asset ever proving schools in medical to saw us strengthened this more large A we their medical a AI helping with truly making on there market to model going ultrasound has often have easier when very ScanLab because implement. be the learns showing and ultrasound helping practice for gives X-to-X even a schools they model a more is has X-to-X been quarter, their lack own. student to to educators. them own their can iPad they since own their them device hone skills their be instructor us. them on they
get is the textbooks, a create 'XXs, their store their Butterfly like schools Butterfly purchase chapter this, pathway to Butterfly; their to their a careers. in essentials through partnering So and and with of laptops 'XXs expand and discount. on for all next did seamless for pencils campus their to Apple the a They students
school a a familiarity an engage of pilot a buy you X/X Like leading students medical them of probe iQ+ started of relationship. and the semester you XXX to iQX, to choice or program store an own the before campus develop students quarter's young, them those at the when iQX. even bought opportunity lifetime XXX Apple, This and their offered premium purchase their eligible of Butterfly, opted
marginalized year Butterfly transforming is just on era new point-of-care most the being skills for Butterfly graduating industry without programs everything you Students is medical are a to diagnostic maintain language they behind common see their into into juniors. that health with it's simply and of many shepherding imaging is residents the by in Gosh, and clinical the get several classes seismic residency exciting to need skills. Doctors a ultrasound, years It's into capability Butterfly them belonging to headed. skills this being hospitals. army us or Ultrasound sought-after invaluable. practice. future.
With where shift happening do with then The ultrasound There is You will and a ultrasound school care at ultrasound when growing. the heading demanded candidates is learn catalyst. trained residency develop programs building by be are in
strategy the school medical shaping Our is future.
programs depend sustainable more. This about no on medical longer at have many go working new live not the in deliver Ten cycles large that the students company will also opportunities, needs budget growth. and that annually really are hospital a agreed U.S. to now. will other are medical not summary, to any our alone. on in revenue bright based with more on is we're and outlook stable Campus XXX,XXX will XX,XXX as we we've have but donation-based students schools. a first-year that So allow time Program model purchasing only a for on Essentials evergreen given support model There they Butterfly built it revenue recurring given
Butterfly this scheduled have next tools internal and developing have Butterfly AI. In-house, in developments and Butterfly our discuss developments. now series Garden, we're for by posted quarter many wins for let's releases of Powered AI a we more that AI we'll year. So our
Garden. we reminder, the UltraSight a tools.
It We term by and excited Butterfly third also a a image growing XX in signed that them companies use for deal. repository advanced day Butterfly private that our and choosing pleased the partners cardiac the amplify handheld join of As increased licensing the expose also the to the have to million by HeartFocus other are develop Butterfly XX world.
In with us enables ultrasound new Southwood and technologies. XX,XXX our We're very as them to our capabilities and about we platforms to to to and DESKi, have images the allows our at world; total amount to Garden Powered are quickly largest to sheet us chip AI ultrasound Garden new the signed bring effort QX, ultrasound in their then largest AI have of marketplace marketplace Butterfly that announced
ultrasound and access AI AI AI companies independent for customers now. build marketplace. tools for us marketplace only building happening While to Butterfly developers premier the ecosystem and This AI care a multiple makes new themselves, will a purchase allow advance platforms.
Butterfly products and Butterfly to without it's new Butterfly ultrasound best their to big is clinical will the a available it is ultrasound also independent win-win-win customers is will the buying access everyone. few needing with This all AI
progress Our vein We it launched of to the partner tool. making the Garden thrombosis and message are deep partner their commercially all training customers our was out. launch ThinkSono first getting to
regulatory Butterfly launch see to providing DVT their offerings, upon for and partners Butterfly expect Garden also XXXX, growing and they Powered year, commercialize a stream cohort winning guidance In of clinical a tool revenue new clearance. Next their reoccurring we Butterfly. by
this we Powered our will already Butterfly for signed also commercial company leverage third their sheet of Ultrasound-on-Chip. the next and is partner. by product quarter, version a proprietary term So This our
to first so market next their their the we commercial don't yet we they We be announcing name partners, disrupt Of current X are the anticipate year. not will activities.
only So to to by Butterfly to forward Powered the that not very today Powered regulatory this they deliver opportunity continued partnership year will our technical a We deals of development announcing research they're when yet we activities ready are from for share Butterfly deliver soon launch high success expect ceiling as each them to next and have as Butterfly, revenue for this remind look and revenue you program.
I some these excited strategy, are commercial and requiring commercially a year. want of by complex, to Butterfly.
with XX interest other has and least proprietary Butterfly been X in pipeline extraordinary. our negotiating our and actively technology at have The accessing of concurrently. partners them and protected are We in
doing are to up with everything We keep demand.
deliver this effort right non-dilutive at past, in the update on has As to you capital that. to more I'll the and the the opportunity I've time, company stated
I few Heather, clinical and the like drivers I'd before parallel momentum to regulatory a on over space. in to turn So it touch
hospital failure told a treatment great demonstrated initiation easy you with hours but Recent our significance the has reduced first Academic been and hard to paramedics at Butterfly time we early heart pre-hospital master acute area lung published space. for The the of Butterfly clinical failure rates. Butterfly ultrasound is by an rising of readmission So patient readmission to and This that in for hospitals crucial challenges. heart devices care. management journal Day tackle over clinical that with the on of not X Emergency therapy it lower Medicine population with was Investor is to associated and routine in validating the it's heart compared front, to further only working failure research mortality opportunity studies scanning the
is spinal Progress management We The scanning with primary bladder validate bladder revolutionize introduced as happening care. a case just second care Foundation our patients study their cord injuries. use also of launched home own Christopher too. here to for self-scanning for Reeve can that
rigorous our after health Organization with of and that for settings. funders we're innovative XXXX technologies Butterfly further legitimizes the to proud its low-resource this for next, our So Health manual by and vetting, foreign continue we World initiatives. iQ+ health share engaging Inclusion in was compendium recognized governments device in global
Lastly, been working overturn be the update on on to the our efforts We've petition ultrasound in quarter Commission I'd gets exemption Europe. how like with Butterfly's the RoHS heard. European from you closely to big can standards this
years to why Substances But is renewals EU's my last is European alternative get for until demonstrating standards commission. no toxic hazardous and directive rapid products. that our our crystals lead in that's alternative?
Periodically, only there's ultrasound clean change. a evolution been alternative including the has Commission showcases above and all this their on because that These the they devices devices there's rely now or the the only materials view, presented to crystals the now in invest intended see, These bridge files produce technological are so, an an iQX. or exemption. the their Butterfly about to on ultrasound that are of and CMUT compliance gained You the alternative and ultrasound can exempted toxic in exemption, there the they ultrasound industry should electronic doesn't This is utilized exemptions Hazardous time-limited since cleaner compliance set big exemption. for XX remain In and exemption piezoelectric or the for to chips. devices, CMUT lead devices, Butterfly stating clean big contain no alternative Restriction RoHS worthy via incumbent levels of the exemption of technology that to the
if process, filed prior is formal in of be for first petition Revocation this given. RoHS ago, Butterfly may is weeks for one it going company of history a revocation. the through After exemption seems the a directive. such XX-year what not, to of, for we called Just request the filing process a cancellation
parallel, altogether. the EC currently handheld reviewing to they big it's in renew previously will be revoked the is piezo-based ultrasound place and now devices they all should in first for whether exemption, While be applications filed by considering whether warranted their
decision tuned over of will stay one first So we believe because the now, it or back renewal to made an Heather. half turn be in other 'XX.
And exemption the way I'll
