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Biotricity (BTCY) - 2025 Q2 - Quarterly Results
Biotricity Biotricity (US:BTCY)2024-11-20 02:41

Financial Performance - Biotricity Inc. reported financial results for the period ended September 30, 2024[5] - The company announced a revenue increase of 25% year-over-year, reaching $10 million[5] - The company provided an optimistic outlook, projecting a revenue growth of 30% for the next quarter[5] User Growth - User data showed a growth in active users by 15%, totaling 50,000 users[5] - Biotricity Inc. aims to enhance customer engagement through improved digital platforms, expecting a 10% increase in user retention[5] Product Development - New product development includes a next-generation cardiac monitoring device expected to launch in Q1 2025[5] - The company plans to invest $2 million in R&D for innovative health monitoring solutions[5] Market Expansion - Biotricity Inc. is expanding its market presence in Europe, targeting a 20% market share by the end of 2025[5] Strategic Initiatives - A new strategic partnership was formed with a leading healthcare provider to improve distribution channels[5] - The company is exploring potential acquisition opportunities to enhance its technology portfolio[5]