Biotricity, Inc. (NASDAQ:BTCY) Q2 2024 Earnings Call Transcript

Waqaas Al-Siddiq: Yes. So our model is a very — is a subscription-based model. So Amazon is really something that you purchase as a onetime expense. Amazon is really not set up for subscription models. I mean you can do it, but it’s incredibly complicated. So that’s not the right platform to be utilizing for that. And the main reason we built the store, first of all, it simplifies operations for us in terms of anyone being able to purchase and buy our technology. But more importantly, we get inbound interest on occasion. And so allowing people to purchase the technology, it streamlines our ability to operationally manage the whole sales and ordering process.

Michael Davin: Got it. Got it. Well, thank you, Waqaas. Congrats on the quarter. We’ll hop back into queue

Operator: Thank you. There are no further questions at this time. Gentlemen, we’ll turn the conference back over to you for any additional or closing remarks.

Waqaas Al-Siddiq: Thank you, everybody, for joining us on this quarterly call. I would like to just leave one parting remark, I think that the key takeaway for this quarter was really the execution and what we’ve been talking about for the last couple of quarters where we’re going to continue to focus on top line growth but also expense management and margin improvement. And last quarter, we were talking about how we made changes. We implemented new optimizations. We enhanced our AI technology. And the result of that was going to be margin improvement in the coming quarters, and so we showed that this quarter. And I think that, that is something that we’re going to continue to see as well as this focus on revenue growth, but while managing and optimizing how the business is working. Thank you, everybody.

Operator: Thank you, sir. That does conclude today’s teleconference. We thank you for your participation. You may now disconnect.