Butterfly Network: Can't Fly Much Higher [Seeking Alpha]
Butterfly Network, Inc. Class A (BFLY)
Company Research
Source: Seeking Alpha
11min Summary Butterfly Network's innovative portable ultrasound devices show strong disruption potential. Despite promising technology and international expansion, the company faces significant cash burn and operational losses. The future success hinges on the effectiveness of the sales team and maintaining regulatory compliance in the healthcare sector. Shares are a hold with price target of $2. Solskin Investment Thesis Butterfly Network ( NYSE: BFLY ) is a rather innovative company that makes portable ultrasound devices that are used in various clinical applications. Despite an innovative approach to improving healthcare, the company is still burning cash and isn't operationally profitable yet, and the stock trades at a pretty expensive sales multiple of over 4x. Thus, their seems to be no more upside in the stock as it is already fairly valued at this point. Shares are a hold with the recommendation that investors wait for a bigger discount before buying. Compa
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BFLY
News
- Butterfly Network to Participate at the Virtual BTIG Digital Health Forum on November 25, 2024Business Wire
- Butterfly Network's iQ3™ Honored as the Best Medical Technology at 2024 Prix Galien USA Awards [Yahoo! Finance]Yahoo! Finance
- Butterfly Network’s iQ3™ Honored as the Best Medical Technology at 2024 Prix Galien USA AwardsBusiness Wire
- Butterfly Network to Participate at the Canaccord Genuity MedTech, Diagnostics and Digital Health & Services Forum on November 21, 2024Business Wire
- Point-of-care ultrasound: addressing the barriers to wider adoption [Yahoo! Finance]Yahoo! Finance
BFLY
Earnings
- 11/1/24 - Beat
BFLY
Sec Filings
- 11/1/24 - Form 10-Q
- 11/1/24 - Form 8-K
- 10/3/24 - Form 4
- BFLY's page on the SEC website