Reliq Health Technologies Inc V.RHT.H

RE:1.1mln in revenue, what a joke

[eljoro]

Revenue reported includes ONLY January 2018 and February 2018 (as per the MD&A ).

Rough estimates:
Jan 11th they reported they had 6K patients onboarded 6K x 2 months x $50US.month = $600KUS
Feb 23rd they reported they had 10K onboard, so another 4K for Feb only = $200KUS

The 1.1 million in revenue for January & February is higher than my rough estimates so it is likely more patients were onboarded and billed in January as well as Feb,

Subsequent to that on March 29th they announced that they had 12K patients onboarded. 12K patients X 1 month (march) X $50 = $600.000...and Lo and Behold in the MD&A subsequent events they stated: c) The Company collected $592,263 ($456,500 USD) on its outstanding accounts receivable balance. 

Revenue is right where they suggested it would be, if not a bit higher.

They now have 12,000 patients onboarded who paid are currently paying monthly fees of $50US in April, May and June = 12K X 3 months X $50US = minimum1.8 million in revenue for current , quarter and if they are able to onboard another 7K in June that should add another $350,000 in revenue.

The point is that they are pretty much right on target for revenue for the end of March 31st. The next quarter will be slightly lower than originally hoped for because of the 2 month delay but should be made up quickly over the summer.

And today RHT announced they maintain their guidance for patients for end of year 2018, which currently is 35K = 1.75 millionUS revenue PER MONTH.

Best.
El Joro