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BURLINGTON, Mass. & NEW YORK - Butterfly Network, Inc. (NYSE:BFLY), a digital health company specializing in handheld ultrasound technology, announced Thursday the appointment of John Doherty as Executive Vice President and Chief Financial Officer, effective December 8, 2025.
Doherty brings more than 25 years of global financial leadership experience to the role. He joins Butterfly from Kaltura, where he served as Chief Financial Officer. His previous positions include Chief Financial and Operating Officer at Magic Leap, where he secured over $1 billion in financing, and Chief Financial Officer at InterXion Holding N.V., where he drove over 60% growth in revenue and EBITDA.
Earlier in his career, Doherty spent 30 years at Verizon Communications, Inc., most recently as Senior Vice President of Corporate Development and President & Chief Investment Officer of Verizon Ventures.
The appointment comes as Butterfly Network shows strong momentum, with revenue growing 23% year-over-year and its stock price surging nearly 37% in the past week. "John is a proven leader with a remarkable track record of driving shareholder value, business performance, and financial impact at scale," said Joseph DeVivo, President, Chairman and Chief Executive Officer of Butterfly Network.
Doherty will replace Interim Chief Financial Officer Megan Carlson, who will return to her position as Chief Accounting Officer and Senior Vice President of Finance & Accounting.
Butterfly Network develops ultrasound technology, including its Ultrasound-on-Chip semiconductor technology. The company launched its first handheld ultrasound system in 2018, with subsequent versions released in 2020 and 2024.
The announcement was made in a company press release.
In other recent news, Butterfly Network reported a record revenue of $23.4 million for the second quarter of 2025, marking a 9% increase from the previous year. The company’s earnings per share showed a loss of $0.03, which was better than the anticipated loss of $0.05. Additionally, Butterfly Network has adjusted its full-year revenue guidance to range between $91 million and $95 million. In a strategic move, the company introduced an AI-powered gestational age calculator in Malawi and Uganda to aid maternal and fetal health. Butterfly Network also appointed Victor Ku as the new Chief Technology Officer, who will steer the company’s global technology strategy. Meanwhile, TD Cowen reiterated its Buy rating on Butterfly Network, highlighting the positive results of the POCUS-CARE trial that supports the iQ3 device rollout. Furthermore, Butterfly Network partnered with Clipper Distributing to expand the availability of its veterinary ultrasound devices in the U.S. These developments reflect the company’s ongoing efforts to enhance its product offerings and market reach.
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