Reliq nurses: 50,000 patients * $ 50 ec=$ 2,500,000/mthThe only real deal that Reliq has is the iDocs for the nurses. The rest is all hot air.
The reason that this deal is real is because iDocs for nurses are the only ones with a vested interest in Reliq by having put down $ 3,000,000 in the PP and, hence we are assured that they will bring in 50,000 patients per year.
The 50,000 patients represents at $ 50 each, revenue of $ 2,500,000 per month or $ 30 million per year.
I trust that this will get done because of the nurses and, not because of Reliq.
Nurses are reliable, dependable and trustworthy, something that management needs to learn from them.
Therefore I suspect that their press release needs to be corrected to reflect a run rate of $ 1,500,000 per month in the quarter ending June 30, 2021 and, not $ 1,500,000 per quarter.
That would mean about 60% of the patients from the nurses are using the services and it would make sense as these patients stay maximum 1 year and are discharged to be cared for at home.
Then in 2nd half 2021 calendar, they can go get the other 40% to arrive at $ 2,500,000 per month run rate.
With regards to their other deals, it is best that they trash them in file 13. And work with other organizations that are similar to the nurses.
There is a need for temporal care services from nurses, there is absolutely no need to telehealth services. Reliq has proven that.
And yes I agree that Reliq will be cashflow positive due to collection of receivables as primary source.
Like I said, they should fire 85% of the staff including their useless PR firm that answers emails.
If Lisa would resign and Reliq appoints someone credible then we would be trading at much higher levels.
MPO