Joseph DeVivo
CEO, President & Chairman of the Board

[Audio Gap] to Bank of America for giving us the opportunity to present. So my name is Joe DeVivo. I’m the CEO of Butterfly Network, and I look forward to either introducing you or giving you an update to the overall story.

So we are a point-of-care ultrasound business. Point of care ultrasound is bringing ultrasound to where the patients are. So instead of a patient having to go into the hospital and have a radiology exam, doctors are educated to use a device, nurses. So wherever the patient is in the hospital or in the outside, in the home, doctors would carry these devices to be able to manage patents.

And it’s a whole new way of reducing the cost of care, democratizing ultrasound because about 2/3 of the world doesn’t have access to medical imaging. They don’t have that beautiful hospital where these just go in and get the overall image. And so we are bringing — can I have the clicker, if you don’t mind? So we are a semiconductor-based ultrasound device. So that semiconductor acts very much like a TV screen where we are able to program it to deliver all different types of sound dynamically.

So about 20% of patients with serious conditions are first misdiagnosed. About 80% of diagnostic dilemmas can be solved with simple imaging and the initial assessments with imaging results in changed medical diagnosis if they’re in the right upfront. That means like at your primary chair doctor, that means when you engage, instead of them taking your symptoms and then making the best decision with that data, giving