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
- HeartFocus Unveils AI-powered Education App for Conducting Clinical-Grade Heart Scans, Available on Butterfly Network’s Handheld Ultrasound DevicesBusiness Wire
- Butterfly Network to Report Third Quarter 2024 Financial Results on November 1, 2024Business Wire
- Why Butterfly Network, Inc. (BFLY) is the Hottest Penny Stock to Invest in According to Hedge Funds [Yahoo! Finance]Yahoo! Finance
- Kansas City University Sets New Standard in Point-of-Care Ultrasound Education with AI-Guided Training Curriculum [Yahoo! Finance]Yahoo! Finance
- Kansas City University Sets New Standard in Point-of-Care Ultrasound Education with AI-Guided Training CurriculumPR Newswire
BFLY
Earnings
- 8/1/24 - Beat
BFLY
Sec Filings
- 10/3/24 - Form 4
- 10/1/24 - Form 144
- 9/26/24 - Form 4
- BFLY's page on the SEC website