Biotricity, Inc.

General Information

(Note: This is NOT an IPO. IPOScoop has NO CALL on this offering. This deal is a NASDAQ uplisting from the OTCQB, where the stock had also traded under the symbol “BTCY”.)

Biotricity is a leading-edge medical technology company focused on biometric data monitoring solutions. Our aim is to deliver innovative, remote monitoring solutions to the medical, healthcare, and consumer markets, with a focus on diagnostic and post-diagnostic solutions for lifestyle and chronic illnesses. We approach the diagnostic side of remote patient monitoring by applying innovation within existing business models where reimbursement is established. We believe this approach reduces the risk associated with traditional medical device development and accelerates the path to revenue. In post-diagnostic markets, we intend to apply medical grade biometrics to enable consumers to self-manage, thereby driving patient compliance and reducing healthcare costs. Our first focus is on the multi-billion-dollar diagnostic mobile cardiac telemetry market, otherwise known as MCT.

We developed our FDA-approved Bioflux® MCT technology, comprised of a monitoring device and software components, which we made available to the market under limited release on April 6, 2018, in order to assess, establish and develop sales processes and market dynamics. The fiscal year ended March 30, 2020 marked the Company’s first year of expanded commercialization efforts, focused on sales growth and expansion. We have expanded our sales efforts to 23 states, with the intention to expand further and compete in the broader US market using an insourcing business model. Our technology has a large potential total addressable market, which can include hospitals, clinics and physicians’ offices, as well as independent diagnostic testing facilities (or IDTFs). We believe our solution’s insourcing model, which empowers physicians with state-of-the-art technology and charges technology service fees for its use, has the benefit of a reduced operating overhead for the Company, and enables a more efficient market penetration and distribution strategy. This, when combined with the value of the Company’s solution in the diagnosis of cardiac arrhythmias, enhancement of patient outcomes, improved patient compliance, and the corresponding reduction of healthcare costs, is what we believe is driving growth and increasing revenue.

Note: As of June 30, 2021, we had an accumulated deficit of $68,715,051.

*Note: Financial statements were not available.


Industry: Medical Technology
Founded: 2012
Contact Information
Address 275 Shoreline Drive, Redwood City, California
Phone Number (800) 590-4155
Web Address
View Prospectus: Biotricity, Inc.
Financial Information
Market Cap $137.07mil
Revenues $ mil (last 12 months)
Net Income $ mil (last 12 months)
IPO Profile
Symbol BTCY
Exchange NASDAQ
Shares (millions): 5.0
Price range $3.00 - $3.00
Est. $ Volume $15.0 mil
Manager / Joint Managers H.C. Wainwright & Co.
CO-Managers -
Expected To Trade: 8/26/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change