Current Footprint - Bioflux®
Portfolio of complementary technologies:
- Biotres ® - FDA cleared
- Bioheart ® - consumer product currently in initial production
- Biocare® App – about to go through field testing
- Bioflux® 2 – in alpha prototyping
Large Scale production in place.
Medicare Reimbursement in place.
Cardiologists across 29 states use the Bioflux daily.
Currently have over 500 centers across 29 states: focused on expanding salesforce to expand footprint.
Our sales force is comprised of seasoned professionals, each with a proven track record of introducing disruptive cardiovascular technologies to the marketplace.
Use a proprietary data tool to identify target markets within the US, based on CMS reimbursement data.
More Key Details From The Company Presentation.
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And as I mentioned above, BTCY has 5 potential catalysts that could provide it with a breakout spark. Here they are:
No. 1 BTCY Potential Catalyst - Zacks Small-Cap Research Provides $7.50 Price Target
In 2022, BTCY was tagged with a strong target from Zacks Small-Cap Research that is providing this profile with over 400% potential upside from Friday's closing valuation.
Here's some key details from the report:
Valuation
We are optimistic about the outlook for BTCY’s technology and ecosystem as the company expands both distribution and its product and service offerings. At this early stage in its development, it is difficult to compare BTCY to other companies on traditional valuation metrics such as P/E or EV/ EBITDA, in our view. We therefore value BTCY shares using a peer comparables valuation methodology based on EV/Sales.
We appreciate the company’s runway and addressable market for additional penetration of its network for Bioflux, the Biotres launch contribution and the recurring revenues stream and shift in the sales mix towards higher margin TaaS over time. We therefore think the current share price level does not reflect the fundamental value of the company’s prospects. As the company continues to advance its strategy, we would anticipate multiple and share price expansion. We believe accelerating revenue ramp as both Bioflux and Biotres gain traction could be catalysts.
Although the revenue arc for BTCY is somewhat unclear at this stage because of many variables, including whether the pandemic has a lingering impact and global logistics challenges, we believe it reasonable to project that BTCY can attain revenue in the $40-$45Mn range by FY25-FY26. We reach $7.50 valuation per share based on peer group median of 9.0x EV/sales applied to this anticipated range, which includes a ramp-up in contribution from Biotres, Bioflux and other offerings in development.
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No. 2 BTCY Potential Catalyst - Signing Of Game-Changing Distro Agreement
Biotricity Signs Distribution Agreement to Expand Access for its Cardiac Monitoring Solutions
REDWOOD CITY, CA / ACCESSWIRE / November 16, 2022 / Biotricity Inc. (NASDAQ:BTCY) ("Biotricity" or the "Company"), a medical diagnostic and consumer healthcare technology company, has signed a distribution agreement with one of the Top 10 US medical device distributors to distribute its cardiac monitoring solutions, Bioflux and Biotres.
"Our focus as a company is on advancing our product development and commercialization to establish Biotricity as the all-in-one, go-to solution for cardiac diagnostics and disease management. We are focusing on building relationships with established organizations with unprecedented leadership in the industry. We believe this partnership will be instrumental in advancing the availability of our solutions, expanding our supply chain, and supporting our growth. Over the next couple months, we will be providing further details on this partnership as we begin our rollout."
With the commercialization of its Bioflux and Biotres products, Biotricity has increased its total addressable market from $1Bn to approximately $6Bn.
Read the full article here.
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No. 3 BTCY Potential Catalyst - Revenue Increase + Identification Of Future Growth Drivers
Biotricity Reports Fi-nan-cial Results for Fiscal 2023 Second Quarter
Revenue totaled $2.4Mn, up 14% sequentially quarter-over-quarter
REDWOOD CITY, CA / ACCESSWIRE / November 14, 2022 / Biotricity Inc. (NASDAQ:BTCY) ("Biotricity" or the "Company"), a medical diagnostic and consumer healthcare technology company, today announced its fi-nan-cial results and provided a business update for its fiscal 2023 second quarter ended September 30, 2022.
"We are pleased with our steady revenue growth year-over-year and sequentially for the fiscal second quarter. During this quarter, we have identified key drivers toward a path to pro-fitability, potentially in the next 18 months, including new distribution partnerships with leading distribution networks. Our new partnerships will serve to build out our ecosystem with new physicians in the industry, but also provide expanded access to a large network of sales representatives. Earlier this month we executed an agreement with one of these major distribution networks, and we intend to pursue relationships with others in the coming months," commented Dr. Waqaas Al-Siddiq, Founder & CEO of Biotricity.
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Read the full article here.
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No. 4 BTCY Potential Catalyst - Company's Device Added To Prestigious TIME Magazine List
Biotricity's Bioheart Named to TIME's List of The Best Inventions of 2022
Bioheart provides consumers the most advanced personal heart monitoring technology, combining powerful analytics and continuous heart monitoring for personalized heart insights
REDWOOD CITY, CA / ACCESSWIRE / November 10, 2022 / Biotricity Inc. (NASDAQ:BTCY) ("Biotricity" or the "Company"), a medical diagnostic and consumer healthcare technology company, today announced that its Bioheart device has been named to TIME's list of the Best Inventions of 2022. Bioheart is the first of its kind - a continuous heart rhythm monitor using advanced technology to deliver unlimited heart data insights.
Cardiac issues are intermittent, often asymptomatic, and lifelong in nature, requiring continuous heart activity monitoring. Fitness trackers simply collect your heart rate and personal ECG devices manually collect a few minutes of data, leaving you without the full picture. Bioheart changes everything by creating the first heart activity monitor. Whether you are sleeping, sitting, or out exploring the world, Bioheart's uninterrupted monitoring keeps you informed about your heart 24/7.
TIME reveals its annual list of the Best Inventions, which features 200 extraordinary innovations changing our lives: time.com/best-inventions-2022. To compile the list, TIME solicited nominations from TIME's editors and correspondents around the world, as well as through an online application process, paying special attention to growing fields-such as the electric vehicle industry, green energy, and the metaverse. TIME then evaluated each contender on a number of key factors, including originality, efficacy, ambition, and impact.
Of the New Best Inventions list, TIME's editors wrote: "The result is a list of 200 groundbreaking inventions (and 50 special mention inventions)- including life-mapping artificial intelligence, diamonds made from excess carbon in the air, and the most powerful telescope ever-that are changing how we live, work, play, and think about what's possible."
"We are honored and excited to have our premier consumer product, Bioheart, included in TIME's 2022 list," commented Dr. Waqaas Al-Siddiq, Founder and CEO of Biotricity. "Our mission is to disrupt and transform the state of cardiac health and wellness, worldwide. Bioheart is the beginning of this journey."
Read the full article here.
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No. 5 BTCY Potential Catalyst - Company Announces U.S. Launch Of Biocare Cardiac
Biotricity Launches Cardiac Disease Management Solution Following 2 Successful Pilots with Oklahoma & Kentucky Clinics
REDWOOD CITY, CA / ACCESSWIRE / October 26, 2022 / Biotricity, Inc. (NASDAQ:BTCY), a medical diagnostic and consumer healthcare technology company, today announced the U.S. launch of Biocare Cardiac. The national roll-out follows two successful pilot programs in Oklahoma City with CardioVascular Health Clinic, a medical facility providing high-quality cardiovascular care to more than 40,000 patients, and a four-month pilot with Lexington Heart Specialists in Kentucky, a medical practice providing high-quality cardiovascular care to more than 20,000 patients.
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Marcus Smith, M.D., one of the pilot project leaders at CardioVascular Health Clinic, commented, "CV Health integrated the Biocare Cardiac platform as part of our commitment to continued, ongoing care for patients. This platform technology integrates with diagnostic devices and telemedicine providing peace of mind for the patient. Importantly, it engaged patients, while providing bi-directional communication and ongoing monthly reporting that allows our practice to identify those who may need additional care, leading to better outcomes."
Dr. Hal Skinner, of Lexington Heart Specialists, spoke about the benefits for his patients after enrollment in the program, "We had patients driving hours for appointments with our doctors. The ability to enroll these patients in the Biocare Cardiac platform and monitor them with Bioheart and Biokit has changed dramatically how we manage their health. This improves their quality of life and gives everyone caring for them peace of mind. If we see something concerning a patient report, we immediately request that a patient come in for further assessment. We have already changed medications and adjusted treatment management after reviewing patients' data."
Read the full article here.
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BTCY Recap - The 5 Top Potential Breakout Catalysts To Know
No. 1 - Zacks Small-Cap Research Provides $7.50 Price Target
No. 2 - Signing Of Game-Changing Distro Agreement
No. 3 - Revenue Increase + Identification Of Future Growth Drivers
No. 4 - Company's Device Added To Prestigious TIME Magazine List
No. 5 - Company Announces U.S. Launch Of Biocare Cardiac
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Coverage is officially initiated on BTCY. When time permits, do this:
