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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 cpacon Jun 02, 2022 8:32am
192 Views
Post# 34725867

Didn't pull the trigger...

Didn't pull the trigger...After listening to the interview where Lisa said they were exiting 2021 at a $2M/month run rate, I set aside cash in anticipation of the Q1 results... if they posted anywhere near $6M for the quarter, I was prepared to buy 100k shares at up to 75c... because the valuation case would have dramatically shifted with numbers like that.  To be fair, the quarter was a notable improvement on past quarters and shows a positive trend going forward, the curve is just not as steep at this point as what we've been advised...  the bigger issue was the credibility gap... the only explanation I heard for the difference in results from the expected 6mil plus was that a lot of the patients got covid and that while in need of acute care, they can't be billed for our services... if we continue to grow Q over Q as we have recently, this will still be an excellent long-term investment... but trading suggests that there may be a  lot of investors like me that feel less urgency to start or add to their position right now...  All the best.
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