Innovative tech has been killed since February but the core difference between most innovative tech and BFLY is BFLY is a profitable company only trading at 5xPE. This is very cheap when you consider the S&P is trading at 20 PE (which means BFLY is trading four times cheaper than the market). BFLY has created a handheld ultrasound that is significantly cheaper than a normal ultrasound machine. This product is going to be used by developing countries in the future.
I agree with it being destroyed and will go back up but it is not profitable just yet
Value-Invest
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@SheepTrades, Actually the company is profitable they reported $0.66 EPS last quarter on an annual basis its $2.64. Therefor at a $12 price BLLY trades at 4.5x PE ( 12/2.64 = 4.5)