Biotricity Shows Continued Growth And Strength In Its Fundamentals On Its Path To Profitability; Sees Record Q1-FY2024 Recurring Revenue Growth
Portfolio Pulse from Happy Mohamed
Biotricity Inc. (NASDAQ:BTCY) has reported strong Q1-FY2024 recurring revenue growth, higher margins on technology fees, and control over sales and technology expenses through automation and AI. The company is showing continued growth and strength in its fundamentals, moving towards profitability. The company's management is focused on monitoring adjusted EBITDA to track progress towards achieving positive net operating cash flows.
August 11, 2023 | 12:29 pm
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Biotricity Inc. has reported strong Q1-FY2024 recurring revenue growth and higher margins on technology fees. The company's fundamentals are showing continued strength, indicating a positive outlook.
The company's strong Q1-FY2024 recurring revenue growth, higher margins on technology fees, and control over sales and technology expenses through automation and AI indicate a strong financial performance. This is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100