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Bullboard - Stock Discussion Forum 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... see more

TSXV:RHT - Post Discussion

Reliq Health Technologies Inc > Jul/aug/sept qtr
View:
Post by lscfa on Oct 28, 2021 9:10pm

Jul/aug/sept qtr

So Lisa said revenues will be double, nearly triple apr/May/jun qtr.  Big f'ing deal.   

2 x 549,825 = 1,099,650    

3 x 549,825 = 1,649,475

Comment by aaaaaargh on Oct 28, 2021 9:19pm
Even more impressive when you realize that they sold devices worth over $500,000 USD in Sept plus all the regular other device sales they should have.   
Comment by Invester123 on Oct 28, 2021 9:27pm
I think most people are missing a very important peace of info here.. When she said that there were profitable by the end of June, it meant that they had on boarded 10k patients (at the end of the month). As she had clearly stated, those patients will be billed after 30 days of being on the platform (July 30th), then it takes 60 days to actually get paid so that puts us in to (Sept 30th). So ...more  
Comment by lscfa on Oct 28, 2021 9:39pm
The $500,000 US equipment supply contract may not get fulfilled until later this year.... "The Company expects to generate an average revenue of $40 USD per patient per month for this deployment, as well as a one-time payment of over $500,000 USD for supplying devices. Onboarding has already started and is expected to be completed by the end of calendar 2021.”
Comment by mjh9413 on Oct 29, 2021 1:18am
All we do here is look ahead, like for several years now...and this (to use their own words) for a 'rapidly growing company' !!! Not funny. Dare one look ahead, given all the false hope we've heard from them?? Let's see. SaaS revs fy were an astounding $130K and the receivables figure must principally reflect the SaaS billed but not yet received. One can sec that this covers ...more  
Comment by lscfa on Oct 29, 2021 10:45am
  Jul/Aug/sept         SAAS Devices Total Revenue 168,331 1,331,669 1,500,000 Cost 0 ...more  
Comment by lscfa on Oct 29, 2021 10:54am
I can't see how this quarter can be profitable. Cash expenses are at least $500,000 per month.  
Comment by ryang999 on Oct 29, 2021 11:02am
If it not, she will come out and down playagain, oh don't look at thus q, nothing exciting, look further down the road, 200k patients in backlog.... Lol
Comment by SupremeNed on Oct 29, 2021 11:40am
that would be harder to do because now there s an official document with her signature. law suits come to mind if we have a bad result again
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