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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 theinvestor22on Dec 01, 2022 11:05am
134 Views
Post# 35143031

Device revenue is a tad higher that reported

Device revenue is a tad higher that reportedOne small point on revenue is that not all of the device price makes it into the revenue line.  On contracts exceeding 12 months, some of the device price goes unreported in the revenue line and shows up as interest in subsequent quarters.  (See note 2.ii. in the latest financials.)  fQ4 had about $77k recognized as interest income which was really just deferred recognition of device sales.  Further, at that time, an additional $230k was deferred until later, which means that f2022 really had something in the order of $330k higher device sales than reported.

In fQ1, about $81k was recognized as interest from previous period sales.  All of this, as mentioned above really is revenue, in this case mostly from f2022 sales.  Like I said, this isn't a big point, but perhaps >$100k of Q1 device sales didn't get reported in the revenue line for fQ1.
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