Biotricity reaches $14M revenue run rate in August

Biotricity achieved a record $14 million annualized revenue run rate in August, extending its growth by over eight percent from the previously announced $13 million run rate. Commenting, Dr. Waqaas Al-Siddiq, Biotricity Founder and CEO, said, “The recent acceleration in revenue gains, increasing sales of our remote cardiac monitoring devices, and ramp up of subscription-based recurring service revenues, underscores Biotricity’s excellence in the field. In collaboration with our affiliated cardiologists, our solutions-focused business model is providing superior cardiac care while reducing the overall cost for patients and insurers by tens of millions of dollars. Further, the fully integrated Biotricity Biosphere yields efficiencies that save cardiologists countless hours of valuable time, enabling them to manage a larger patient base more effectively with enhanced, curated real-time data.”