Biotricity Inc. (OTCQB: BTCY) announced on December 3, 2024, that it achieved positive free cash flow for the second fiscal quarter ended September 30, 2024. This marks the first time in the company's history to reach this financial milestone.
The positive free cash flow for the quarter was $355,016, a significant improvement from negative $725,567 in the preceding quarter and negative $1.6 million in the corresponding quarter a year prior. Free cash flow per share for the quarter was positive $0.016.
This achievement demonstrates Biotricity's strong commitment to growth and operational efficiency through innovation, automation, and financial discipline. Positive free cash flow indicates the company is generating sufficient cash from operations to cover its expenses and capital asset spending.
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