Stockchase Insights
Butterfly Network
BFLY-N
RISKY
May 05, 2023
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.
BFLY is involved in medical imaging systems where one can connect an ultrasound device to a phone and provide ultrasounds. It is a $432M company with expected top line growth of 20%+ expected for the next few years, although it is not profitable, and is not expected to be profitable for at least a few years. Its balance sheet is decent, and it has $237.8M in cash. It does not generate free cash flow and mostly issues shares to fund its operations. We would view it as a higher-risk company overall. Unlock Premium - Try 5i Free
He knew a doctor he liked BFLY's product, so he thought the stock could be a hit, but the company arrived against too much competition. At least wait for the current stock selling to end.
BFLY is involved in medical imaging systems where one can connect an ultrasound device to a phone and provide ultrasounds. It is a $432M company with expected top line growth of 20%+ expected for the next few years, although it is not profitable, and is not expected to be profitable for at least a few years. Its balance sheet is decent, and it has $237.8M in cash. It does not generate free cash flow and mostly issues shares to fund its operations. We would view it as a higher-risk company overall.
Unlock Premium - Try 5i Free