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Biotricity

BTCY
38
Medical - Devices · Healthcare
Price
$0.13
+0.02 (+18.18%)
Market Cap
$2.6M
Winston Score
38
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Good
Cash Flow
Weak
Stability
Weak
Valuation
Data not available

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)

Winston Score History

The full picture

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.

Growth Profile

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

Revenue Growth

+10.4% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-61.3% YoY

YoY Growth Rate

Earnings declining

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

37.9%ownership

Declining

Insider ownership declining — could be dilution or selling

Cash Position

Cash flow positive

$559,580 cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Heavy R&D investment

Biotricity is putting 17% of revenue into R&D and that number is rising. And they're generating enough cash to self-fund it.

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

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
82.6%
Premium pricing power — 82.6% gross margin
Profit after running costs
Operating Margin
3.7%
Thin — 3.7% operating margin
Return on the money invested
ROCE
N/A
Data not available

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Growth

Sales growth
Sales YoY
+13.4%
Fast-growing sales (+13.4% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
1.0%
Thin free cash flow (1.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
0.40x
Dangerous — barely covers interest (0.4x)

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

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
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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