Biotricity Inc - BTCY STOCK NEWS

Biotricity (NASDAQ:BTCY) has released its year-end guidance, showcasing significant improvements in its financial metrics. The company expects to meet analyst revenue targets with a projected revenue growth of over 24% year-over-year (YoY). Additionally, Biotricity anticipates a decrease in its Loss from Operations by more than 40% YoY and an improvement in margins by over 10% YoY.

CEO Dr. Waqaas Al-Siddiq highlighted these metrics as indicators of the company's successful execution and the milestone of achieving cash flow breakeven. These improvements are attributed to higher adoption of Biotricity’s TaaS model, which boasts excellent margins and customer retention, particularly within the cardiac market.

Biotricity (NASDAQ: BTCY), a leader in Technology-as-a-Service (TaaS) in healthcare, announced that 97% of its Preferred A shareholders have converted their shares into Restricted Common Stock.

This move signifies a strong confidence in Biotricity's future and its ability to meet upcoming milestones. Dr. Waqaas Al-Siddiq, Founder and CEO, highlighted that this conversion indicates increased enthusiasm from long-term shareholders.

Recent achievements for the company include securing three GPO partnerships that cover 87% of US hospitals, increased margins, higher revenues, and reduced losses. Biotricity is also approaching EBITDA neutrality and becoming cash flow positive monthly.

Biotricity (NASDAQ: BTCY) announces the upcoming launch of HeartSecure, the first-ever direct-to-patient cardiac screening service. Targeting the $1.05 billion home heart health market, HeartSecure aims to provide home-based cardiac health checks for 127 million Americans at risk for heart disease. This service addresses long wait times and financial barriers associated with current cardiologist visits.

HeartSecure combines advanced technology with top cardiologists' expertise to detect potential heart issues early. It responds to the growing need for accessible cardiac screenings due to the increasing prevalence of chronic diseases. HeartSecure's launch is seen as a major growth opportunity for Biotricity in the tele-health market, which has expanded significantly post-pandemic.

Biotricity Inc. (NASDAQ: BTCY) expands its market reach in the pulmonary and neurology fields through strategic partnerships with leading home-based diagnostic companies. The collaborations aim to provide comprehensive screenings for patients with sleep or neurological disorders, who have elevated risks for cardiac issues. With a significant focus on integrated healthcare solutions, Biotricity is addressing the critical need for accessible and personalized care for patients with multiple conditions.

Biotricity Inc. announces high demand for its latest diagnostic product, Biotres Pro, expected to increase revenue by up to 10% in fiscal 2025. The device has sold out in its initial production run, with customers placing pre-orders for the next run. Dr. Waqaas Al-Siddiq, Founder and CEO, anticipates that Biotres Pro will accelerate the company's path to breakeven.

Biotricity Inc. (BTCY) launches a groundbreaking cardiac monitoring pilot program in collaboration with a prestigious hospital group comprising 9 hospitals and 10 clinics. The program aims to optimize patient interaction protocols and streamline data collection processes, showcasing the impact of Biotricity's technology suite. This initiative follows strategic partnerships with leading Group Purchasing Organizations (GPOs) totaling $264 billion, providing access to 90% of hospitals nationwide. The CEO, Dr. Waqaas Al-Siddiq, emphasizes the transformative potential of their solutions in redefining disease profiling, patient management, and preventative care methodologies. With a focus on a $35 billion market opportunity, Biotricity is positioned as an innovative leader in healthcare.

Biotricity Inc. (NASDAQ:BTCY) launches a cardiac monitoring pilot program with a major hospital network, spanning over 50 hospitals across multiple states. The program aims to showcase the value of Biotricity's solutions and potentially lead to a widespread commercial rollout. Dr. Waqaas Al-Siddiq, Biotricity's CEO, highlights the company's enhanced market reach through partnerships with Group Purchasing Organizations (GPOs) and emphasizes the scalability of their hardware and software solutions. The pilot program will focus on data collection, patient interaction protocols refinement, and technology suite enhancement to drive innovation in predictive monitoring tools and disease prevention.

Biotricity Inc. announces a strategic partnership in neurology to conduct cardiac screenings, aiming to improve patient care and reduce costs. The company plans to build a broader cardiac screening network to support patients with co-morbidities, enhancing market reach within the healthcare industry.

RedChip Companies will feature interviews with LOBO EV Technologies and Biotricity, Inc. on the RedChip Small Stocks, Big Money™ show on Bloomberg TV. LOBO EV, a Chinese EV manufacturer, offers a range of electric vehicles and software services, poised for growth in the $16 billion e-bike market. Biotricity, a leader in remote cardiac care, targets a $35 billion market with its innovative technology and strong market presence.