Biotricity Achieves Positive Free Cash Flow Milestone

Core Insights - Biotricity Inc. has achieved positive free cash flow for the first time in its history, marking a significant milestone towards profitability [3][4] - The company reported a positive free cash flow of $355,016 for the quarter ended September 30, 2024, a notable improvement from negative$725,567 in the previous quarter and negative $1.6 million in the same quarter last year [5][6] - Free cash flow per share for the quarter was$0.016, compared to negative $0.186 in the corresponding quarter of the prior fiscal year [5] Financial Performance - The net cash used in operating activities for the quarter ended September 30, 2024, was$(397,059), a decrease from $(1,494,240) in the previous quarter and$(2,390,036) in the same quarter last year [6] - Interest expense for the quarter was $752,075, slightly down from$768,673 in the previous quarter and comparable to $753,268 in the same quarter last year [6] - The weighted average number of common shares outstanding increased to 22,493,626 for the quarter ended September 30, 2024, from 14,169,441 in the previous quarter and 8,795,742 in the same quarter last year [6] Strategic Outlook - The company plans to accelerate new product launches anticipated in FY25, which is expected to bring it closer to long-term profitability and sustainability [4] - Management emphasizes the importance of free cash flow as a key metric for assessing progress towards profitability [4][5]