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Biotricity

BTCY
26
Medical - Devices · Healthcare
Price
$0.11
-0.00 (-0.18%)
Market Cap
$3.2M
Winston Score
26
Winston is worried
Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+260.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 7.6M (2022) → 27.3M (2026)

Biotricity is a small medical technology company that makes heart-monitoring devices for patients and doctors. Its main product is Bioflux, a remote cardiac monitoring system that lets doctors track a patient's heart rhythm in real time without the patient needing to visit a clinic. The company sells its services primarily to cardiologists and healthcare providers in the United States.

Biotricity makes money by charging healthcare providers a fee each time its monitoring service is used, which is closer to a recurring-revenue model than a simple one-time device sale. The company is very small, with a market cap under $100 million, and operates almost entirely in the U.S. market. Its high gross margin of 81% suggests the monitoring service itself is profitable, but the company is barely breaking even at the operating level, meaning it spends heavily on sales and overhead. The key risk is that Biotricity competes against much larger, well-funded cardiac monitoring companies, making it difficult to grow market share without significant ongoing investment.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+16.5% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+80.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$3M/ year

Rising (+28% vs prior year)

17.3% of revenue

In line with sector average (18%)

Investing heavily in future products and technology

Insider Activity

41.7%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 months

$365,145 cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Heavy R&D investment

Biotricity is putting 17% of revenue into R&D and that number is rising.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
80.4%
Premium pricing power — 80.4% gross margin
Operating Margin
-23.1%
Losing money on operations — -23.1%
ROCE
N/A
Data not available

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Growth

Sales YoY
+16.5%
Fast-growing sales (16.5% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-7.1%
Burning cash (-7.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
0.04x
Dangerous — barely covers interest (0.0x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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