earnings
confidence high
sentiment neutral
materiality 0.70
Biotricity Q2 FY2022 revenue $1.81M (+143% YoY); net loss $11M includes $5.46M one-time costs
BIOTRICITY INC.
- Revenue of $1.81 million, up 143% year-over-year; gross margin 62%.
- Net loss $11.0M ($0.256/sh); adjusted net loss $5.2M ($0.128/sh) excluding $5.46M Nasdaq up-listing costs.
- Ended quarter with $11.7 million cash, strongest balance sheet ever.
- Announced Biokit personal medical device kit for home-use cardiac monitoring; commercial launch planned Q1 2022.
- Revenue impacted by hurricanes and COVID clinic closures in southern US; expects recapture in subsequent months.