Butterfly Network Stock Intrinsic Value – BUTTERFLY NETWORK Reports Total Revenue of USD 18.5 Million in Q2 FY2023, Down 3.8% from Prior Year
August 25, 2023
🌥️Earnings Overview
For the second quarter of FY2023, BUTTERFLY NETWORK ($NYSE:BFLY) reported total revenue of USD 18.5 million, which was a 3.8% decrease in comparison to the same period a year earlier. Net income for the quarter was USD -28.7 million, representing a decrease from the prior year quarter’s net income of -35.8 million.
Analysis – Butterfly Network Stock Intrinsic Value
GoodWhale has conducted an analysis of BUTTERFLY NETWORK‘s financials and has concluded that the fair value of its shares is around $9.1, which is determined by using GoodWhale’s proprietary Valuation Line. Currently, BUTTERFLY NETWORK stock is being traded at $2.4, which means it is significantly undervalued by 73.7%. This means that investors may be able to buy the stock at a bargain price right now, making it an attractive investment opportunity. Furthermore, GoodWhale’s analysis suggests that there is the potential for significant gains in the stock value in the near future. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Butterfly Network. More…
| Total Revenues | Net Income | Net Margin |
| 72.56 | -150.66 | -210.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Butterfly Network. More…
| Operations | Investing | Financing |
| -140.62 | -8.23 | 2.31 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Butterfly Network. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 364.59 | 86.88 | 1.35 |
Key Ratios Snapshot
Some of the financial key ratios for Butterfly Network are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 38.6% | – | -213.3% |
| FCF Margin | ROE | ROA |
| -206.1% | -33.7% | -26.5% |
Peers
Its competitors include Southern Home Medical Inc, Wellstar International Inc, and ALR Technologies Inc.
– Southern Home Medical Inc ($OTCPK:SHOM)
Wellstar International Inc is a healthcare company with a market cap of 866.41k as of 2022. The company has a Return on Equity of -0.45%. Wellstar International Inc provides healthcare services to patients in the United States and internationally. The company’s services include primary care, specialty care, hospital care, and home health and hospice care.
– Wellstar International Inc ($OTCPK:WLSI)
The company’s market cap is $17.33 million and its ROE is 17.26%. The company is engaged in the business of developing, manufacturing and marketing advanced analytical instruments and related consumables for the life sciences industry. Its products are used in a variety of applications, including drug discovery and development, biotechnology, pharmaceuticals, academic research, environmental testing and forensics.
Summary
BUTTERFLY NETWORK reported their earnings for the second quarter of FY2023, ending June 30 2023. Total revenue was USD 18.5 million, a 3.8% decrease from the previous year. Net income for the quarter was USD -28.7 million, a decrease from the prior year’s net income of -35.8 million. Despite the negative earnings report, the stock price moved up the same day, indicating that investors may be encouraged by the smaller losses and improved outlook.
Looking forward, investors should keep an eye on the company’s progress towards profitability and its ability to generate revenue. It is important to remember that investing in any company carries inherent risks, so investors should conduct thorough research before investing in BUTTERFLY NETWORK.
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