Biotricity, Financial Results

Biotricity reaches $12M revenue run rate in March with promising future growth ahead

Biotricity Inc. (Biotricity) reported that it reached a record $12 million annualized revenue run rate in March 2023.  Based on preliminary month-to-date results and internal projections, the Company remains excited regarding potential top line revenue growth in April and the current quarter (Q4FY23) as it maintains optimized investment in R&D, sales and marketing. The Company attributed its strengthening financials to the growing sales of its product line of remote cardiac monitors spanning consumers to cardiologists, the ramp up of its subscription-based recurring service revenues, and the early success of its recently expanded distribution strategy.


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Biotricity, Healthcare

Biotricity releases first corporate impact report

Biotricity Inc. (Biotricity) has released its first has released its first Corporate Impact Report– revealing that the company’s remote, clinical-grade diagnostic devices are inducing “better patient outcomes and substantial cost savings” across the nation.  Presenting new data, the report highlights specific examples of Biotricity’s impact on “reforming the healthcare market by bridging the gap between effective remote diagnostics, remote patient monitoring and chronic care management.”


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Biotricity, Financial Results

Biotricity reports financial results for Fiscal 2023 Third Quarter

Biotricity Inc. (Biotricity) today announced its financial results and provided a business update for its third quarter of fiscal 2023 ended December 31, 2022.  Commenting, Dr. Waqaas Al-Siddiq, Biotricity Founder & CEO, said, “With our suite of state-of-the-art remote cardiac solutions now well established, Biotricity is focused on sales, marketing and achieving positive cash flow.”


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Biotricity, Healthcare

Biotricity signs distribution agreement with top 5 distributor for its Cardiac Monitoring Solutions

Biotricity Inc. (Biotricity) has signed its second distribution agreement with a top five US medical device distributor for the marketing and distribution of its two cardiac monitoring solutions (CMS) designed for cardiologists’ patient use – Bioflux® and BiotresTM.  The distribution agreement covers Bioflux and Biotres and will be distributed directly to hospitals and clinics for professional medical utilization with suitable patients.


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Biotricity, Healthcare

Biotricity signs with top 5 group purchasing organization; potential for higher sales volume in 2023

Biotricity Inc. (Biotricity) has signed an agreement with a leading group ‎purchasing organization (“GPO”) for national distribution of its cardiac monitoring solutions, Bioflux® and BiotresTM.  Both Bioflux and Biotres are designed for cardiologists to diagnose and monitor their patients remotely. GPO’s are entities comprised of businesses organized to purchase materials or supplies from vendors in larger volumes to gain efficiency. In this case, the GPO is comprised of hundreds of small, independent US hospitals, private ‎clinics, and medical offices that purchase medical devices and supplies at scale.


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Biotricity, Healthcare

Biotricity files FDA 510(k) for a new form factor of its Biotres Cardiac Monitoring Device to expand its revenue growth

Biotricity Inc. (Biotricity) today announced that it made a 510(k) submission to the U.S. Food and Drug Administration (FDA) for a new form factor of its Biotres Cardiac Monitoring Device, a three lead device for ECG and arrhythmia monitoring that is intended for lower risk patients.


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Biotricity, News

Biotricity surpasses $10 million in annual revenue run rate

Biotricity Inc. (Biotricity) today announced it has surpassed $10 million in annual revenue run rate.  “With strong revenue growth each quarter, our scale and market reach increases every day.  I am committed to continuing to drive growth and realize our potential,” says Biotricity Founder and CEO, Dr. Waqaas Al-Siddiq.


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Biotricity, News

Biotricity signs Distribution Agreement to expand access for its Cardiac Monitoring Solutions

Biotricity Inc. (Biotricity) has signed a distribution agreement with one of the Top 10 US medical device distributors to distribute its cardiac monitoring solutions, Bioflux and Biotres.  With the commercialization of its Bioflux and Biotres products, Biotricity has increased its total addressable market from $1 billion to approximately $6 billion.


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