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Stock impact report

Craig-Hallum Maintains a Buy on Butterfly Network (BFLY) [Yahoo! Finance]

Butterfly Network, Inc. Class A (BFLY) 
Company Research Source: Yahoo! Finance
maintained a Buy rating on Butterfly Network, Inc. (NYSE:BFLY) without assigning a price target. In a separate development, Butterfly Network, Inc. (NYSE:BFLY) announced the launch of Compass AI™ on November 17. Powered by AI, Compass AI is the latest generation of its enterprise software platform specialized to trim workflow friction and support revenue-ready and scalable point-of-care ultrasound (POCUS) programs for health systems. Management stated that Compass AI replaces the radiology-style, order-based workflows with an AI-enhanced, encounter-based workflow built for POCUS, allowing up to 94% documentation compliance rates in comparison with the about 15% compliant studies captured by traditional workflows. Compass AI thus allows translating it into as much as five times higher revenue, all from the same clinical volume. Butterfly Network, Inc. (NYSE:BFLY) also reported Compass AI's use beyond documentation, stating that it works across departments and ultrasound devices t Show less Read more
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