Expansion of Cardiac AI Cloud Platform
Biotricity expanded its Cardiac AI cloud platform, leveraging over 1 trillion heartbeats of anonymized data, and partnered with Amazon AWS and Google's TensorFlow to enhance diagnostic accuracy and patient outcomes.
Strategic Partnerships and Market Reach
Biotricity formed alliances with three top GPOs, accessing 90% of US hospitals, and received approvals in Canada and Saudi Arabia, expanding its market reach.
Revenue and Profit Growth
For the fourth quarter, 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. Gross profit improved by 31%, and operating expenses decreased by 24.5%.
Positive Adjusted EBITDA
Achieved positive adjusted EBITDA of $438,000 in the last quarter of fiscal 2025, marking a significant milestone towards profitability.
Launch of HeartSecure Service
Biotricity launched HeartSecure, a direct-to-consumer heart health screening service, targeting the $1.1 billion home heart health market.