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Biotricity (BTCY) investor relations material
Biotricity Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved first-ever positive EBITDA and profit from operations, driven by 21% revenue growth and cost control initiatives.
Expanded Cardiac AI cloud platform and formed strategic partnerships, including alliances with Amazon AWS, Google TensorFlow, and three top GPOs, providing access to 90% of US hospitals.
Gross margin improved to 80.5% from 73.8% year-over-year, reflecting operational efficiencies and recurring technology fees.
Entered new international markets with regulatory approvals in Canada, Saudi Arabia, and Argentina.
Diversified into pulmonary neurology and expanded product ecosystem and AI capabilities in remote cardiac care.
Financial highlights
Revenue rose 21% year-over-year to $3.9M, with recurring technology fees comprising 87% of total revenue.
Gross profit increased to $3.1M, with gross margin at 80.5% versus 73.8% year-over-year.
Operating expenses decreased 18.5% to $2.8M, with SG&A down 27.9% and R&D up by $182K.
Achieved positive EBITDA of $333K and first profit from operations of $282K.
Net loss attributable to common stockholders narrowed to $754K from $6.9M year-over-year; loss per share improved to 2.9¢ from 49¢.
Outlook and guidance
Anticipates continued revenue growth and gross margin improvement, driven by flagship device adoption, recurring technology fees, and AI-driven efficiencies.
Focus remains on commercialization of BioCore, BioFlux, and BioCare products globally, with ongoing investment in R&D.
On track to pursue FDA clearance for AI clinical model and expand international regulatory approvals.
Existing cash and anticipated near-term financings expected to meet needs for the next twelve months, but additional capital may be required for growth opportunities.
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