RE:RE:RE:RE:RE:RE:When is Reliq announcing quarterly financials?Even considering things like "2 months for Medicare/caid to pay", that only has to do with cash flow and receivables, and has nothing to do with what should be reported for revenue. From the last 2 webinars Lisa has said revenue run rate is essentially the amount of onboards multiplied by average expected revenue per user at that moment in time. She has also said , "note that revenue is typically recognized 2-3 months after patients are onboarded, once they are fully compliant with the program".
Now, I am not arguing with you about what the revenue will be, as 99% of us pretty much expect disappointment as the norm, so it wouldn't shock me if you get it right. But realistically it should be much, much higher. The adjustments that you made (on top of considering that they don't all actually reflect revenue recognition), also don't include the fact that they continued to onboard for that 3 month period, nor does it give a positive adjustment for hardware sales .
Simply put, if this next quarter is another disastrous miss, and after she spent so much time actually talking about definitions and revenue recognition to clarify everything, if a person didn't think so before, hopefully we can all finally agree that her gross "over enthusiasm", needs to be shown the door.
Like you, I hope that we are proven otherwise.....for once....
teeswater wrote: No, not lied, but she needs to simmer her enthusiasm. Run rate would be 2 mil a month at 40000 patients but investors will assume that that means they should collect 2 mil a month and that wont be the case:
I don't know if claims are sent through e-submissoin or through the mail, but any mistake on a form will have to be re-processed and with staff off sick during covid both on Reliq's side, patrons of the product side, and at Medicare/caid, there will be a backlog. Also, attrition rate of about 10%, and not able to bill for about 10% because they are hospitalized.
So, 10% attrition, 10% unbillable due to hospitalization, 2-5% human error/staffing issues
So, the money will come in but IMO, it takes about 6 mths to recognize revenue. Patient has to get used to product for 1-3 mths, 2 mths for Medicare/caid to pay, and 2 mths for client to pay Reliq.
I don't think the Co. knows what to expect with the number of onboards they have now, and there will be many bumps to smooth out.
The financials will only get better, and soon enough it will be a continuous income stream, but Lisa needs to explain the delays, and help investors understand
aaaaaargh wrote: So are you thinking that Lisa flat out lied when she said that they were at a 2 million a month run rate at the end of december?
teeswater wrote: If that were the case, they would have announced profitability by now.
I predict 3.2 to 4 million