---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-029242"
form_type: "8-K"
ticker: "BTCY"
cik: "0001630113"
company_name: "BIOTRICITY INC."
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T07:44:08.161051+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Biotricity Q1 FY2024 revenue up 46.9% to $3.0M; net loss improves 28% to $3.6M

## Summary
- Revenue $3.02M, up 46.9% YoY; recurring technology fees $2.8M, up 47% YoY.
- Gross margin improved to 63.5% from 59.6%; SG&A reduced 22% to $3.5M.
- Net loss improved 28% to $3.6M ($0.069 per share) from $5.0M ($0.098 per share).
- Customer retention ~98%; expanding sales network across 35 states with >2,500 cardiologists.
- Management focuses on path to profitability and AI development with Amazon and Google.

## SEC filing metadata
- accession: 0001493152-23-029242
- form_type: 8-K
- ticker: BTCY
- cik: 0001630113
- company_name: BIOTRICITY INC.
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630113/000149315223029242/0001493152-23-029242-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630113/000149315223029242/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-029242
- JSON: https://secwatch.observer/filing/0001493152-23-029242.json
- Plain text: https://secwatch.observer/filing/0001493152-23-029242.txt

## Key facts
- Earnings Releases
  BIOTRICITY INC. reported first quarter fiscal 2024 ended June 30, 2023 results: revenue $3.02 million, net income $3.6 million, EPS $0.069 per share.
  - Period: first quarter fiscal 2024 ended June 30, 2023
  - Revenue: $3.02 million
  - Net income: $3.6 million
  - EPS: $0.069 per share
  - Result: reported results
  source text: of subscription revenue, robust gross margins, and, over time, the establishment of a solid free cash flow model.” Q1-FY24 Financial Highlights ● Revenue increased 46.9% to $3.02 million compared with $2.06 million in Q1 FY24 ● Gross profit percentage was 63.5% for the three months ended June 30, 2023, as compared to 59.6% in the corresponding prior year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630113/000149315223029242/0001493152-23-029242-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.