Reliq Health Technologies Inc V.RHT

RHT ANNOUNCE 2 NEW CONTRACTS WITH US NEPHROLOGY CLINICS

[Humanist]

Reliq Health Technologies, Inc. Announces Two New Contracts with US Nephrology Clinics
 
by @nasdaq on 21 Apr 2021, 03:01
  
HAMILTON, Ontario, April 21, 2021 (GLOBE NEWSWIRE) -- Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a rapidly growing global telemedicine company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, today announced that it has signed contracts with two US Nephrology practices to use Reliq’s proprietary iUGO Care platform to monitor Chronic Kidney Disease (CKD) patients.

“It is exciting to see the rapidly increasing demand for Reliq’s iUGO Care platform with specialists in the US,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “As the US begins to open up thanks to a successful COVID-19 vaccine rollout, we are increasing the number of patients we onboard to our platform every week and signing new contracts with clients in a number of new market segments, including the Nephrology space. Using iUGO Care, Nephrologists can monitor Chronic Kidney Disease (CKD) patients at home to help prevent disease progression.

Chronic Kidney Disease typically develops as a result of uncontrolled high blood pressure and/or diabetes. Ensuring medication compliance and managing blood pressure and blood sugar in CKD patients is critical to limiting further damage to the kidneys that could lead to End Stage Renal Disease (ESRD), dependence on dialysis, the need for a kidney transplant and ultimately death. Reliq will receive an average revenue of $65 USD/patient/month under the terms of these new contracts.”

Reliq Health

[lscfa]

No mention of which state(s).

[robbie88]

"we are increasing the number of patients we onboard to our platform every week and signing new contracts with clients in a number of new market segments, including the Nephrology space. Using iUGO Care, Nephrologists can monitor Chronic Kidney Disease (CKD) patients at home to help prevent disease progression." This is very good news. There are a lot of people have Chronic Kidney

[theinvestor22]

Prior to this, they've said they were increasing the number of onboards "every month".  Now they're saying "every week".  They've also said they'll start providing real numbers after June.  That would be nice.

[lscfa]

From: Investor Relations Reliq Health Technologies Date: March 3, 2021 at 8:56:50 AM MST To: Xxxxxxx Subject: Re: Shareholder Question   Hello Xxxxxx,   Reliq will update the revenue forecast if any new contracts change the magnitude or timing on the existing numbers and dates.   Best Regards,

[lscfa]

More context..... March 2, 2021   Q. How many yet to be announced contracts have been anticipated by mgmt and built into the $11 mil/$32 mil/$65 mil forecast. When do investors start considering announced contracts to be incremental to the forecast?   A. Reliq will update the revenue forecast if any new contracts change the magnitude or timing on the existing numbers and

[ImpIications]

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[lscfa]

The co. used to issue NRs about small contracts after it had accumulated 5 or more so that it was materail and newsworthy. I expect revenue forecast updates will only occur at quarterly report dates if required. Investors should assume no change to revenue forecasts or timing until advised otherwise. 

[lscfa]

p.s. The way to interpret the contract announcements is that the more there are the better the chances that these bozos meet their revenue forecasts. Risk is reduced.  

[ImpIications]

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[jtmoney]

I sent Scott an email earlier this week regarding the Cali contract and he said that additional info will be released shortly and he also mentioned that the Cali contract is not included in any of the 2021 guidance. So based on that I would think that all of the contracts announced since then would also not be included in 2021 guidance.  Glta 

[lscfa]

but they are included in the 2022 and 2023 forecasts so those no.s are known and built into share price already.

[jtmoney]

So then we're trading at roughly 9x this year's revenue and 3x next year's revenue. Assuming they deliver on the numbers. 

[lscfa]

  $mil cdn. 2022 est. Starting patients 41,667 Ending patients 65,000 Ave patients 53,333 Revenue @ $50/month 32.0 Gross margin 75%

[theinvestor22]

You know, often, when you put together numbers, something glares out at me, as if you are trying to make a point and fudge one or two numbers to get you there.  In this case, I didn't really delve into your numbers, except to look at the EBITDA multiple.  Since the company has no interest and little depreciation/amortization, the only material deduction to get from EBITDA to net

[Aei773ou]

Why don’t you post Scott’s own reply and let it speak for itself. Your own interpretation is of no value to help clear up the present scepticism about the company.

[jtmoney]

You want clarification, feel free to email him yourself. It's not my job to clear up anything for you.  You know what else is of no value, your continued bashing here every day or two. Why is everyone so fixated on a contract that has no bearing on this year's numbers?? 

[aaaaaargh]

Their largest contract by a country mile, that was supposed to have started onboarding already, has no bearing on this year's numbers? Wow, we must all be dumb for thinking it was important. I guess I am going to start fixating on the single ortho clinic instead......

[jtmoney]

Nobody said they hadn't started onboarding yet, and the contract was signed after they had already given guidance for 2021.  Try and get your panties out the knot they're in. It doesn't matter if they give details about it today or next month if doesn't have any bearing on this year's numbers.  You must have a lot of spare time to be posting all of your insight on

[aaaaaargh]

Never said it hasn't started onboarding. You said it has no bearing on this year's results....I am saying it does. But you go ahead and change the topic to defect from your own stupidity. Ps. Doesn't take long to post on two sites.... In fact not much longer than spending all day reading two sites.....

[ImpIications]

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[aaaaaargh]

Thanks for sharing the info, however he also said the same thing to the same question weeks ago. IR is completely as unreliable as Lisa , or they are reliably incompetent. Either way. Maybe the update will happen in May. At least they will have two of the letters in there from when it was first promised to be arriving. March.

[lscfa]

No patient load mentioned. Probably small. Co. is using any event, whether material or not, to pump stock. Better to report prelim revenues for March qtr ASAP.

[ImpIications]

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[lscfa]

Doesn't say when onboarding will start like other NRs did.   Co. is hard up for real news.