Q3 2026 Biotricity Inc Earnings call
26 financial results and business update conference call. Today's conference is being recorded as a reminder, this is bio companies third quarter fiscal 2026 ended on December 31, 2025. So all figures presented for this period will reflect that Andy earlier biotech cities issued its earnings press release.
For the period, which highlighted financial and operational results.
Copy of the press release is available on the Investor Relations section of the bio website and full financials have been filed with the FCC on Form 10-Q and posted on Edgar at Www Dot S. E T Dot Gov before beginning of the company's formal remarks, I'd like to remind listeners that today's discussion may contain forward looking statements that reflect <unk>.
<unk> current views with respect to future events any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in these forward looking statements biometric cities.
Does not undertake to update any forward looking statements except as required at this point I'm pleased to turn the call over to biotech the founder and CEO Dr. <unk>.
Please go ahead Sir.
I would like to first thank everybody for joining us today. This quarter marks another important step for bankruptcy as we continue executing our proven strategy evidenced by three consecutive quarters of positive net operating income and EBITDA as we continue scaling revenue and improving margins. We are strengthening our leadership position in chronic care market, starting with the number one global cause of death.
Vascular disease.
This quarter continues our historic trend of expanding our trailing 12 months topline or setting up for another growth year as we have always done year after year.
We are building a company designed for durable recurring growth and our results this quarter reflect that discipline.
Demand for remote patient management solutions, continuing to accelerate with the growing aging population and persistent resourcing staffing shortages.
<unk> is uniquely positioned to lead the transition from reactive character proactive management with clinically superior technology favorable reimbursement economics strategic partnerships and highly scalable efficient operating model, which has allowed us to make remarkable progress across multiple fronts.
The cardiovascular and chronic disease management landscape is evolving rapidly and long term winners will be companies that combined clinical grade accuracy reimbursement alignment and scalable infrastructure.
Christy brings all three together.
Unlike others that rely on high cost service models or divert reimbursement away from providers. Our platform is designed to expand patient access while simplifying clinical workflows.
This allows providers to serve more patients using existing resources, while increasing revenue for services physicians are already providing.
That differentiated value proposition continues to drive strong customer retention and expansion within our existing and new accounts.
One of our most significant achievements has been the expansion of our cardiac AI cloud platform our.
AI driven platform is designed to enhance diagnostic accuracy improve patient outcomes and increased clinical profitability as.
As we pursue FDA clearance for our groundbreaking AI clinical model, we are setting new standards in cardiac care, ensuring every patient receives the highest quality of care.
We expect to see additional improvements in our operational expenses and margins with our next clearance.
This quarter, we continue to pursue regulatory approvals internationally preparing for future distribution.
These approvals are in addition to the regulatory approvals that we already have in the U S, Canada, Saudi Arabia, Argentina, and some other smaller markets.
Approvals underpinning our strategy to promote accessible high quality care to improve patient outcomes.
Our primary focus remains on the U S market expansion, but we are opportunistically expanding outside of the U S through distribution partnerships.
We are also extending care beyond the clinic by putting clinical quality tools directly in the hands of consumers to buy are built with the same underlying technology trusted by providers by her enables users to identify meaningful changes earlier and make lifestyle adjustments sooner supporting their long term outcomes.
Through our multichannel distribution approach to experienced partners to optimize these routes, we are making monitoring more continuous and integrated across the carry journey.
During the quarter, we continued to expand sales of bio core pro our next generation cardiac monitoring device deepening penetration within current customers and extending our market footprint.
Our momentum continues to build across the business.
We launched multiple large scale cardiac monitoring pilot programs within hospital networks in clinic groups initiatives that are already contributing to improve the utilization and accelerating our path towards breakeven.
Based on the current demand and pipeline visibility, we expect continued strong adoption of biochar pro across existing and new customers.
This expansion supports our broader commitment to deliver innovative healthcare technology solutions.
In summary, our strategic initiatives technological advancements and operational efficiencies have positioned by extra city for sustained growth and profitability for calendar 2026, we expect to continue to increase top line revenue this year shift to profitability and posted another growth year, we remain focused on delivering innovative high quality cardiac care solutions.
And are confident in our ability to continue driving value for our shareholders and improving patient outcomes globally.
With that I will turn the call over to our CFO jonny and glue to provide more detailed financials.
Thank you.
The highlights of our third quarter fiscal 2026.
Okay.
Sure Mark.
Although our primary subscription model, which is a technology as a service subscription model.
Revenues sort of secondary usage or subscription model.
Sure.
Both are positive.
Yeah.
Clearly the cardiac monitoring devices, especially with next generation bulk your quote which features productivity.
Our rapidly expanding digital ecosystem reflects this growth with users of our digital health up going from 4500 to more than 44000, just two years.
And then expanding network of over 2500 providers supporting 400000 patients annually.
Atrial fibrillation, a primary contributor to strokes remains a significant focus of our business.
<unk> is providing early intervention opportunities and improving patient outcomes for patients with atrial fibrillation, providing them the opportunity for earlier medical intervention.
Not only improves patient outcomes, but also has the propensity to deliver significant health care cost savings for both individuals and the broader health care system.
For the third quarter of fiscal 2026 ended December 31, 2025 revenue increased by 10, 2% compared to the corresponding prior year period to $4 million from $3 6 million in the prior year quarter.
This growth is a testament to the efficacy of our strategic initiatives and our technological advancements.
We anticipate further revenue growth in coming quarters as a result of the parts of their latest flagship device is a best in class device that is geared towards use in hospitals and large clinics and we are continuing to penetrate effectively in that space.
Apologies foods accounted for 91, 2% of the quarter's total revenue, reflecting our strong customer retention and the quality of our support services.
Gross profit for the quarter totaled $3 2 million up 17, 6% from $2 8 million for the prior year period.
Our gross profit percentage improved 516 basis points to 81, 5% for this quarter up from 76, 4% in the corresponding prior year quarter. This increase is attributable to the expansion of our recurring technology fee revenue base.
As well as efficiencies gains were proprietary AI and improvements and are monitoring and cloud cost structures.
As part of our sales initiatives, we continue to search for opportunities to expand our geographic footprint. We have thousands of cardiologists across hundreds of centers are in sourced and business model allows these cardiac medical professionals to have direct control over our services, thus enhancing efficiencies and enable.
Broader market penetration.
Our business development initiatives include expansion into other verticals that are ancillary.
Naturally with our core business.
Operating expenses for the third quarter were $2 8 million compared to $2 nine 3 million in the same period last year, a four 2% decrease.
Our selling general and admin expenses decreased by eight 2%.
The reduction in spending of over $195000 for this quarter, but we added to our R&D expenses, increasing goes by $72000.
Yeah.
As previously discussed we have strategically transformed our sales force to increase efficiency or.
Our external sales teams focused on longer sales cycles on larger accounts and these include independent hospitals and GPO networks.
We continue to be contracted under three of the largest GPO networks, which give us coverage access to sell into more than 90% of hospitals in the U S.
All of these positive improvements in revenue growth and operating efficiencies.
The use of AI and other automation as well as proactive cost management have allow us to continue to achieve positive free cash flows defined as the cash from operations that is available to pay interest and dividends for the last six consecutive quarters, but will set us up on a path toward achieving.
<unk> in the next quarter. In fact, we are pleased that this quarter. The third quarter of fiscal 2026 is the third consecutive quarter for bio interested in which it has achieved a positive EBITDA.
This is an important milestone and indicator that we're nearing full profitability.
The company achieved EBITDA of 280000, this quarter, which corresponds to one.
On a per share basis.
A reconciliation of our EBITDA and adjusted EBITDA numbers is available in our 10-Q.
We're pleased with the progress made in building our technology, obtaining FDA registration and developing effective sales strategies as well as implementing cost cutting measures.
The result has been an improvement in operating results of nearly $1 million to achieve our third consecutive profitable quarter from operations, which was 441000 for this quarter.
Net loss attributable to common stockholders for the fiscal three months period ended December 31, 2025 was $1 1 million.
Compared to $1 3 million during the corresponding prior year period on a per share basis, we reported a loss per share of $4 <unk> compared to 544.
The corresponding prior year period looking ahead, we remain committed to advancing our business to the commercialization of our buyer core bio flux embark care products.
Our tech is truly useful globally and cardiac there as the number one chronic care division and the entire world.
Growing market interest and demand for our suite of products dedicated to chronic cardiac disease prevention and management reinforce our confidence in our market position.
Accordingly, our focus on innovation and development continues to yield significant advancements in our remote monitoring solutions for both diagnostic and post diagnostic products, bringing us ever closer to profitability. We are excited about the future and confident in our ability to deliver.
Same growth and profitability for <unk>.
That concludes our prepared remarks for today operator, please open the line for questions.
Thank you we will now be conducting a question and answer session. If he would like to ask a question. Please press star one on your telephone keypad, a confirmation tone will indicate that your line is in the question queue. You May press star two if he would like to remove your question from the queue.
Participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys, we ask that analysts limit themselves to one question and a follow up so that others may have an opportunity to do so as well.
One moment, please while we poll for questions.
Yeah.
Thank you there are no questions at this time.
Gentlemen, I will turn the conference back over to you for any additional or closing remarks.
Thank you and thank everybody for joining us we're very excited about this.
About the prospects of 2026, we think that top line of the company is going to continue to grow.
And we expect to turn into net income positive. This year and we are looking forward to talking to all of you in our next quarterly call. Thank you.
Thank you Sir that does conclude today's conference. We thank you for your participation you may now disconnect.