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Short review on why Butterfly ($LGVW) is one of my top growth picks.
LGVW -> BFLY (2/12)
-$8B addressable market (in my eyes bigger more later)
-Dr. Jonathan Rothberg PhD, Founder and Chairman, awarded Presidential Medal of Tech & Innovation under Obama
-Makes an ultrasound that is cheaper than competition and more convenient
-Looking to penetrate into markets including pre-hospital, home, vets, urgent care, etc.
-More than just the hardware -> software + education
-Planning to constantly improve their “Probe” (new probe every other year)
-Has an existing footprint in most of the top 100 Health Systems
-Revenue CAGR 70% 2020-2022
-Gross margins expected to increase from 40% 2021 to 70% 2024
-Trading at 10.6x 2022 EV/Revenue which is weak compared to similar disruptive medtech companies 13-20x
-$500M cash
-(I can see every stadium/arena requiring these on sight)
In addition, Cathie Wood has been LOADING for their merger on 2/12, Bill Gates also an early investor. Flagging and beautiful candle on the converging 12/21 day EMAs. I started a position today
Anything I missed?
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