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home / news releases / BFLY - Butterfly Network Stock: Weak Growth Adds To Downside Risk


BFLY - Butterfly Network Stock: Weak Growth Adds To Downside Risk

2024-04-04 03:48:45 ET

Summary

  • Butterfly Network is commercializing an AI-powered handheld ultrasound device but only expects modest growth in 2024.
  • Recurring losses and a large cash flow bleed are expected to continue through 2025.
  • We expect shares to remain under pressure until BFLY proves its commercialization strategy is sustainable.

Butterfly Network, Inc. ( BFLY ) has launched the FDA-cleared "Butterfly iQ3" as an AI-powered handheld ultrasound device seen as a cost-effective alternative to traditional body-scanning equipment....

For further details see:

Butterfly Network Stock: Weak Growth Adds To Downside Risk
Stock Information

Company Name: Butterfly Network Inc Cl A
Stock Symbol: BFLY
Market: NYSE
Website: butterflynetwork.com

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