Company expects Loss from Operations to decrease by over 40% YoY and Margin Improvement by over 10% YoY
REDWOOD CITY, CA / ACCESSWIRE / June 6, 2024 / Biotricity Inc. (NASDAQ:BTCY), a leading Technology-as-a-Service (TaaS) company dedicated to disrupting the healthcare industry with cutting-edge medical and consumer diagnostic solutions, is excited to provide guidance for its upcoming Year-End Results. Biotricity announces expectations to meet analyst revenue target, while beating margin and loss targets.
- Revenue Growth is expected to exceed 24% YoY
- Loss from Operations is expected to decrease by over 40% YoY
- Margins are expected to improve by over 10% YoY
"These developments are key indicators of the company's continued execution and upcoming milestone of achieving cashflow breakeven," remarked Dr. Waqaas Al-Siddiq, Founder and CEO of Biotricity. "We have shown continued YoY growth while improving losses and margins. This combination of growth, reduction in losses and margin improvement are a path to profitability. Biotricity is among the few who experience all three simultaneously.
These developments are a result of Biotricity's continued excellence in the market and its business model, driving higher adoption of its solutions and increasing revenues. The company's TaaS model is characterized by excellent margins and customer retention with improving operational efficiency, making it a leader within the cardiac market.
For further information about Biotricity Inc. and its innovative healthcare solutions, please visit www.biotricity.com/investors.
About Biotricity
Biotricity stands at the forefront of the medical technology landscape, pioneering the future of healthcare with cutting-edge remote biometric monitoring solutions. Biotricity offers the medical and consumer sectors, an array of advanced diagnostic and post-diagnostic solutions designed to improve chronic conditions and enhance cardiac health. To learn more, visit www.biotricity.com and follow us on Twitter and LinkedIn.
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Investor Relations Contacts
SOURCE: Biotricity, Inc.
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