BUTTERFLY NETWORK INC., $1.18, symbol BFLY on New York, is a Guilford, Connecticut-based company founded in 2011. It has created a portable, pocket-sized ultrasound device that plugs into a smartphone or tablet. The Butterfly iQ uses patented, miniaturized computer-chip technology to replace expensive cart-mounted ultrasound devices. In fact, the Butterfly iQ resembles a hand-held electric hair trimmer. Ultrasound testing is typically associated with pregnancy. A doctor can check how a fetus is doing by rolling the ultrasound wand around on a pregnant woman’s belly. But, current ultrasound devices have a much wider range of uses. They can scan most of the body, including the cardiac, abdominal, urological, gynecological and musculoskeletal systems. The Butterfly device has already received approval from the U.S. Food and Drug Administration (FDA) as well as other regulatory bodies. The company has sold its devices to, or has agreements in place with, the majority of the largest 100 hospitals in the U.S. The Butterfly iQ is now commercially available in more…