Butterfly Network is a company that wants to revolutionize healthcare globally by providing affordable imaging to the world. “From underserved communities within the United States, to remote areas of Africa, 4.7 billion people around the world lack access to medical imaging. We put ultrasound on a chip and created the world’s first whole-body imager for less than $2,000.”
With this goal in mind, there is massive upside potential for the company to grow, especially with how advanced their software is. What makes their affordable ultrasound device unique compared to others is their all in one focus. They offer unlimited HIPAA compliant storage, billing capabilities, educational opportunities for clinicians to make efficient decisions at point-of-care, analytics to improve care delivery and efficiency over time, and other things (like billing) all at the point of care when the clinician is with a patient.
The Fundamentals:
Market cap: 3.615B Avg. Volume: 3,136,311 Shares Outstanding: 191.29m Current Price: $18.90 Earnings expected 3/26 pre-market
Founder Dr. Jonathon Rothberg has also founded multiple life science and medical device companies, meaning he has great experience running these companies in a good direction. He received the National Medal of Technology and Innovation from President Obama for inventing and commercializing high speed DNA-sequencing. This is a smart man with plenty of expertise in his field who knows what is needed and how to provide it.
This is a company with a recent introduction to the market, but I believe in the potential for this company to become a massive participant in providing medical technology at an affordable price (especially considering ultrasound devices can run from $5,000 to over $100,000). I am in long for this company and buy more positions with each paycheck (currently have 15 shares @ $17.72 average).
TLDR: BFLY is an awesome company with awesome upside potential and good management, I believe it is an important stock to have in my portfolio for the potential of this company to impact the globe
Submitted March 13, 2021 at 11:05PM by yolostonktrader https://ift.tt/3qGqMxD
