Biotricity announces accelerated path to EBITDA positive

Biotricity 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. Biotricity’s accelerated path to EBITDA positive is underpinned by its ability to scale efficiently while maintaining high-quality service. The expansion of its Cardiac AI Cloud platform, empowered by strategic partnerships and leveraging over 500 billion beats of anonymized data, is set to revolutionize cardiac care The company’s partnerships, particularly with Group Purchasing Organizations representing approximately 90% of U.S. hospitals, provide extensive market reach and negotiating power. Additionally, recent Health Canada approval for Biocore opens new avenues for revenue growth in the $1.56 billion Canadian cardiology devices market. These developments position Biotricity to not only achieve near-term and long-term financial milestones but also to make a significant impact on the healthcare industry by delivering innovative, accessible, and high-quality cardiac care solutions.