Reliq Health Technologies Inc V.RHT

Alternate Symbol(s): RQHTF

Healthcare Medical Devices

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.

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Reliq Health Technologies Inc > Revenue for Q3

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Comment by aaaaaarghon May 28, 2021 11:12pm

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RE:RE:RE:RE:RE:Revenue for Q3

I probably shouldn't have said "correction". Should be addition of guidance of cash flow positive by end of March ...

aaaaaargh wrote:
Mongoose wrote: She has not provided guidance to onboard numbers so I’m not going to try to guess that or how much each patient is paying, etc. I am working with what guidance she has provided which is hitting profitability / breakeven of $500K/mth presumably by the last mth of the Q4 which is Jun. I’m also assuming straight line growth from Dec to Jun to generate my estimate. Any exponential growth perhaps in the back end will skew my projections. It is only an estimate, there a thousand ways to shoot it down. Cheers.

Just a correction. The company has stated (and it still states), that they were to be cash flow positive by the end of March quarter, and profitable by the end of the year (June 30). I think we can mostly agree that cash flow positive requires at least 500k for a month, but reaching that by the end of March, could mean something more like the 450k range to average it out for the whole month of March. So based on guidance, I would say your number would be on the very low end of expectations, but still somewhat realistic. My low prediction is based on the fact that I think Lisa is still stuck in dream land. If they actual post something in the 800-900 k range based mostly on Saas revenue...... I will be betting that this is going to be a bottom at current prices with a long hard up swing. Of course, it if comes in at my type of guess.......well you know....the usual will happen..... Good luck to us all.....
https://www.reliqhealth.com/wp-content/uploads/2021/01/Reliq_Health_Executive_Summary_2021.pdf
Read the above under the growth estimates section.