secwatch / observer
8-K filed July 5, 2023, 7:59 PM ET ticker BTCY CIK 0001630113
other material confidence high sentiment neutral materiality 0.70

Biotricity FY23 revenue up 26% to $9.64M, net loss narrows; 1:6 reverse split effective July 3

BIOTRICITY INC.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

BIOTRICITY INC. reported fiscal 2023 year and (unaudited) fourth quarter ended March 31, 2023 results: revenue $9.64 million, net income $19.5 million, EPS $0.38 per share.

Period
fiscal 2023 year and (unaudited) fourth quarter ended March 31, 2023
Revenue
$9.64 million
Net income
$19.5 million
EPS
$0.38 per share
Result
reported results
Exact text from the filing
Cash Flow ● Company advancing toward positive cashflow likely by end of CY 2024 ● Accelerating product sales, and customer re-order revenue, ● FY23 revenue rose 26% YOY to $9.64 million on 5% lower SG&A of $17.6 million ● Improving gross margins currently at 57% despite reduced, loss-leader device pricing to boost recurring ‘Technology Fees,’ lower customers’
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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BIOTRICITY INC.: Effected a 1-for-6 reverse stock split via Certificate of Amendment to Amended and Restated Articles of Incorporation (effective 2023-07-03).

Change
charter amendment
Effective
2023-07-03
Exact text from the filing
On June 29, 2023, the Company filed a Certificate of Amendment to its Amended and Restated Articles of Incorporation to effect a one-for-six (1-for-6) reverse split (the “Reverse Split”). The Reverse Split became effective on July 3, 2023.
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BIOTRICITY INC. filing history →

Source: SEC EDGAR
accession 0001493152-23-023428
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