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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

Post by Mongooseon Jul 30, 2021 10:03am
191 Views
Post# 33631595

Still can't figure it out

Still can't figure it outI've said this before but I need to say it again as I still cannot reconcile revenue projections provided. Getting to a $0.5M month was a relatively easy step and I thought it was definitely possible. But revenue for Jan to Mar was roughly $0.5M and April to Jun will be maybe $1M. To get to $11M for the yr, we need to generate about $9.5M in the remaining 2 Qs. Anyway you cut it, that is an average of about $4.5M / Q.

So we suddenly can generate 4 times as much revenue as the Apr to Jun Q ? And we can do this without increasing expenses and hiring more staff ? 

Clearly the financials for the next 2 Qs will be vital as the goals are truly challenging and only a smooth, well managed operations unit can pull it off. Hope they have not set themselves up for failure by over reaching.
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