Expansion of Cardiac AI Cloud Platform
Biotricity expanded its Cardiac AI cloud platform through strategic partnerships with Amazon AWS and Google TensorFlow, leveraging over 1 trillion heartbeats of anonymized data. This platform aims to enhance diagnostic accuracy and improve patient outcomes.
Strategic Alliances with Group Purchasing Organizations (GPOs)
Biotricity formed partnerships with three major GPOs, allowing access to approximately 90% of hospitals in the U.S., significantly expanding market reach.
Revenue Growth
For the fourth quarter ended March 31, 2025, revenue increased by 16.5% year-over-year to $3.7 million, and for the fiscal year, revenue rose by 14.3% to $13.8 million.
Positive Adjusted EBITDA
Achieved positive adjusted EBITDA of $438,000 for the last quarter of fiscal 2025, indicating progress towards profitability.
Gross Profit and Margin Improvement
Gross profit for the quarter increased by 31% to $3 million, with a gross margin improvement of over 890 basis points to 80.4%.
Operating Expenses Reduction
Operating expenses for the fiscal year decreased by 24.5% to $13 million, with SG&A expenses down by 30.2% and R&D expenses reduced by 19.2%.
International Approvals and Expansion
Received Health Canada approval and regulatory approval in Saudi Arabia, opening new revenue streams in international markets.