Driven by the most recent improvements to the company’s proprietary AI Cloud platform, Biotricity Inc. (Nasdaq: BTCY), a Technology-as-a-Service (TaaS) company operating in the consumer healthcare remote cardiac monitor sector, today announced ongoing improvements in operational efficiency, scalability, and margin performance.
With a 20% increase in tech stack efficiency thanks to the most recent version of Biotricity’s AI Cloud, the company should see a 200–300 basis point (2–3%) increase in top line margin in the upcoming quarters. It is projected that the upcoming AI Cloud version, which is presently in development, will boost the tech stack by an additional 20%, resulting in an extra 100–200 basis points (1–2%) of margin improvement. Biotricity’s journey towards breakeven and positive cash flow is being expedited by these comprehensive enhancements.
“Our focus on AI and technology-driven efficiencies continues to bear fruit,” said Dr. Waqaas Al-Siddiq, founder and CEO of Biotricity. “The latest upgrades to our AI Cloud platform are not just technical achievements; they are key drivers in improving our operating margins, supporting scale, and expediting our path to profitability. With each iteration, we are pushing the boundaries of what’s possible in remote cardiac monitoring and healthcare technology.”
One of the most complete AI Cloud platforms for cardiac care is being developed by Biotricity. The platform creates predictive cardiac AI models for better diagnosis and quicker interventions using more than 500 billion beats of anonymized data. These models help doctors diagnose more patients with the same resources by enabling more precise analysis and increased operational efficiency.
The $35 billion total addressable market potential is what Biotricity is aiming for. Biotricity is gaining market share in cardiology thanks to the solutions that cardiologists in hundreds of centers and 35 states use regularly. Strong LTV-to-CAC ratios and a recurring revenue base with a high retention rate of almost 99% support this expansion.
About Biotricity
Biotricity is revolutionizing the healthcare industry by filling a need in remote monitoring and chronic care management, with a focus on cardiology. Patients and doctors rely on Biotricity’s unmatched standard for personalized and preventative care, which includes post-diagnostic and diagnostic solutions for long-term illnesses. The business creates all-inclusive remote health monitoring systems for consumer and medical industries.
