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Reliq Health Technologies Inc V.RHT

Alternate Symbol(s):  RQHTF

Reliq Health Technologies Inc. is a Canada-based global healthcare technology company that specializes in developing virtual care solutions. The Company's target markets include virtual care, long-term care and big data. iUGO Care, the Company's platform, is a software as a service solution that supports care coordination and community-based healthcare. The iUGO Care platform integrates wearables, sensors, voice technology and mobile apps and desktop user interfaces for patients, clinicians and healthcare administrators. The iUGO Care platform provides services, such as remote patient monitoring, chronic care management, principal care management, behavioral health integration, telemedicine, transitional care management, remote therapeutic monitoring and wound care. Its behavioral health integration service supports patients with any mental, behavioral, or psychiatric health diagnoses by integrating mental health, psychiatric care, counseling, and addiction services with primary care.


TSXV:RHT - Post by User

Comment by NobleFron Sep 25, 2020 7:52pm
145 Views
Post# 31624361

RE:Revenue Calculation Inside

RE:Revenue Calculation InsideI agree on the potential revenue long term.

But I don't think we will see the revenue growth on October 31st. October's financials represent April to June. From previous news release, I think onboarding was close to flat during this period because they bragged in August that they sold 2k monitoring devices in July. Which means they sold less in the previous months.And selling the devices doesn't mean onboarding.

I really believe in Reliq long term and my target for October's financials is the revenues to be flat. Since there was not much onboarding, as long as revenues are flat, it means that at least the people who were already using the product didn't drop out. 

Flat revenues with resumed guidance should be enough to bump the price in October. Then in November, we will have other financials where I expect a modest 20-30% increase in revenues. I think revenues will start really ramping up in 2021.
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