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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 > More dubious accounting
View:
Post by lscfa on Jan 09, 2024 12:21am

More dubious accounting

NRs have stated for quite awhile that gross margins for SAAS will be 75%, recently reduced to 70%. So why did Q1,Q2,Q3 have much higher margins? And why the volatility from q to q? 



 

Qtr ending

Mar 23

Dec 22

Sept 22

SAAS rev

1,804,891

1,727,817

1,422,671

device rev - returns

2,936,146

2,390,707

2,049,566

Total revenues

4,741,037

4,118,524

3,472,237

SAAS cost

153,447

413,749

142,292

 device cost

1,385,863

1,142,846

1,155,350

Total costs

1,539,310

1,556,595

1,297,642

Gross profit 

3,201,727

2,561,929

2,174,595

SAAS margin

91.5%

76.1%

90.0%

device margin

52.8%

52.2%

43.6%

Total margin

67.5%

62.2%

62.6%

Comment by lscfa on Jan 09, 2024 1:22am
Auditor may be requesting that the salaries of care management staff be reclassified to cost of sales instead of buried in Corp overhead.     Qtr ending Salaries Mar 23 651,614 Dec 22 567,158 Sep 22 538,410  ...more  
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