Biotricity Inc (BTCY) Announces Accelerated Path to EBITDA Positive
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Biotricity Announces Accelerated Path to EBITDA Positive
July 11, 2024 7:02 AM EDTREDWOOD CITY, CA / ACCESSWIRE / July 11, 2024 / Biotricity Inc. (NASDAQ: BTCY), a Technology-as-a-Service (TaaS) company operating in the remote cardiac monitor sector of consumer healthcare, today announced its accelerated timeline to achieving EBITDA positive. The company now expects to reach this significant milestone before the end of calendar 2024, earlier than previously anticipated.
"Our strategic initiatives and technological advancements have put us on a fast track to profitability," said Dr. Waqaas Al-Siddiq, founder and CEO of Biotricity. "Calendar 2023 was transformative, characterized by a robust 25.2% increase in revenue, substantial margin improvements, and a significant reduction in... More
