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Biotricity is an American medical technology company headquartered in Redwood City, California.bBiotricity is known for being “a remote patient monitoring company that’s entered the wearable medical technology market from a cardiac angle.”[1] Its cardiac monitoring products are the Bioflux and the Bioheart, which earned a spot on TIME magazine’s Best Inventions of 2022 list.[2] Fast Company named it one of the Top 50 Most Innovative Companies and the Most Innovative Medical Device Company.[3]
Biotricity was founded on January 1, 2014, by Dr. Waqaas Al-Siddiq, Ph.D. to deliver remote biometric monitoring solutions to the medical and consumer markets.[4] The company became publicly traded on February 2, 2016, and had its initial public offering on August 30, 2021, when it registered under the ticker NASDAQ: BTCY.[5] As of 2023, the company has seen recent accelerating revenue gains thanks to an increase in sales of its cardiac monitoring devices and recurring subscription-based services.[6] In April 2023, Biotricty reported a record $13 million annualized revenue run rate.[7]
References edit
- ^ "Biotricity CEO: Why a Clear Path to Revenue is the Key to Entering New Markets | INN".
- ^ "Biotricity Bioheart: The 200 Best Inventions of 2022". 10 November 2022.
- ^ "Waqaas Al-siddiq - Forbes Business Council". Forbes.
- ^ https://www.crunchbase.com/organization/biotricity
- ^ https://www.crunchbase.com/organization/biotricity/company_financials
- ^ "Biotricity Reaches $13M Revenue Run Rate in April 2023 on Accelerating Growth".
- ^ "Biotricity Reaches $13M Revenue Run Rate in April 2023 on Accelerating Growth".