On February 13, 2024, Butterfly Network, Inc. unveiled its latest handheld point-of-care ultrasound (POCUS) system, the Butterfly iQ3™, in the United States. This third-generation device, which recently obtained FDA clearance, is built on the advanced P4.3 Ultrasound-on-Chip™ technology, revolutionizing the field of medical imaging.
With the world’s fastest digital data transfer, the Butterfly iQ3 offers enhanced frame rates, frequency, and introduces groundbreaking 3D imaging capabilities. This compact and ergonomic device is designed to be smaller, lighter, and more user-friendly than its predecessors, ensuring convenience for healthcare professionals.
Powered by Butterfly Network’s most advanced semiconductor chip, the Butterfly iQ3 boasts double the data transfer rate of its previous model. This technological leap translates into unparalleled image quality and faster micro-beamforming, enabling advanced 3D features like iQ Slice™ and iQ Fan™. These innovative additions simplify image acquisition, improving the device’s efficiency and utility in clinical settings.
Butterfly Network’s mission is to democratize medical imaging by providing high-quality, user-friendly, globally accessible, and intelligently connected ultrasound technology. Recognized for their innovative approach, the company has received prestigious accolades from TIME’s Best Inventions, Fast Company’s World Changing Ideas, CNBC Disruptor 50, and MedTech Breakthrough Awards, among others.
The Butterfly iQ3 is now available for purchase in the United States through direct sales representatives and Ecommerce. This launch signifies a significant milestone in Butterfly Network’s journey, further affirming their belief that semiconductor-based digital ultrasound is the future of all ultrasound technologies.
Butterfly Network, Inc.
Updated on: 26/02/2024
Debt to equity ratio: Neutral
Price to earnings ratio: Sell
Price to book ratio: Buy
We did not find social sentiment data for this stock
|Analyst / firm
BFLY Stock Shows Positive Momentum, Potential Trend Reversal Ahead
On February 13, 2024, BFLY stock showed positive momentum as it traded in the middle of its 52-week range and below its 200-day simple moving average. This indicates that the stock is currently in a neutral position, neither overbought nor oversold.
The price of BFLY shares increased by $0.07 since the market last closed, representing a rise of 7.37%. This is a significant increase in a relatively short period of time, suggesting that there may be positive market sentiment surrounding the stock.
At the market close, BFLY shares were priced at $1.02. However, in pre-market trading, the stock has risen by an additional $0.03. This indicates that there is continued buying interest in BFLY shares, as investors are willing to pay a higher price in anticipation of further gains.
It is worth noting that while the stock’s price momentum has been positive, BFLY is still trading below its 200-day simple moving average. This moving average is a commonly used technical indicator that helps investors identify the overall trend of a stock.
Investors should closely monitor the stock’s performance in the coming days to see if it can break through the 200-day moving average and sustain its upward momentum. If it does, this could indicate a potential trend reversal and signal further gains for BFLY shares.
As always, it is important for investors to conduct thorough research and analysis before making any investment decisions. While positive price momentum can be encouraging, it is crucial to consider other factors such as company fundamentals, industry trends, and market conditions to make informed investment choices.
BFLY Stock Performance on February 13, 2024: Mixed Bag of Revenue Growth and Net Losses
Title: BFLY Stock Performance on February 13, 2024: A Mixed Bag of Revenue Growth and Net Losses
On February 13, 2024, the stock performance of BFLY showcased a mix of positive and negative indicators. Analyzing the financial data sourced from CNN Money, we delve into the company’s total revenue, net income, and earnings per share (EPS) to gain insights into its performance over the past year and the most recent quarter.
BFLY reported a total revenue of $73.39 million over the past year, reflecting a 17.3% increase compared to the previous year. However, in the most recent quarter, the company’s total revenue declined by 16.58% to $15.42 million.
The net income of BFLY stood at -$168.72 million over the past year. In comparison, the net income for the third quarter of the same year was -$27.37 million, reflecting a 4.54% increase. The net income has decreased by a substantial 420.61% since the previous year.
Earnings per Share (EPS):
BFLY’s earnings per share (EPS) over the past year was -$0.84, representing a 352.71% decrease compared to the previous year. However, in the third quarter, the EPS improved by 5.36% to -$0.13.
Analysis and Conclusion:
The stock performance of BFLY on February 13, 2024, exhibited a mixed bag of results. While the company experienced a commendable 17.3% increase in total revenue over the past year, the decline of 16.58% in the most recent quarter suggests a potential slowdown. Furthermore, BFLY’s net income has significantly decreased by 420.61% since the previous year, although it showed a slight improvement of 4.54% in the third quarter.
The earnings per share (EPS) figures also highlight a downward trend, with a decrease of 352.71% over the past year. Nevertheless, the 5.36% increase in EPS in the most recent quarter provides a glimmer of hope.
Investors and stakeholders in BFLY should closely monitor the company’s financial performance, keeping an eye on its ability to generate consistent revenue growth and improve profitability. It is crucial for BFLY to address the challenges that have led to net losses and work towards stabilizing its financial position in order to regain investor confidence and drive long-term success.