Reliq Health Technologies Inc V.RHT.H

Alternate Symbol(s): RQHTF

Healthcare Medical Devices

Reliq Health Technologies Inc. is a global healthcare technology company that specializes in developing virtual care solutions for the healthcare market. The Company’s iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent hospital readmissions and ER visits. 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, wound care, and others.

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Reliq Health Technologies Inc > Revenue for Q3

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Comment by theinvestor22on May 28, 2021 4:48pm

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RE:RE:Revenue for Q3

Your estimates are as good as anything out there for the Jan-Mar Q. If pushed, I might have said about $700k-800k rev for the Q, but who knows? Over the year, based on the company's statements, one would assume the revenue line to be more of a curve upward, but I don't think it much matters for fiscal Q3. Company estimates haven't been impressive thus far, but there are many reasons for that including, but certainly not limited to, covid. If the new fiscal year comes anywhere close to projections, we're off to the races.

Mongoose wrote: Below is my post on Apr 23 on the subject.

Just a reminder that Lisa has stated that profitability will be reached in Q4 2021 which is from Apr to Jun 2021. The upcoming financials in May reflect Q3 - Jan to March 2021.

It is not clear whether the profitability point is reached ( $0.5M / mth ) in Q4 or the whole Q is profitable. I'm guessing the former.

Based on that, what I hope to see from these upcoming financials is a bridge from Q2 revenue to Q4 revenue. Revenue for Q2 was $0.417M or about $0.139M/mth and projected Jun revenue is $0.5M/mth. So if there was a steady ramp up, we should see revenue for each mth increase by $0.06M as below :

Jan $0.2M
Feb $0.26M
Mar $0.31M
Total Q3 $0.77M

Apr $0.36M
May $0.42M
Jun $0.5M
Total Q4 $1.28M

So I'm looking for $0.77M for Q3 as a revenue target - a 85% increase from Q2. As I have mentioned previously, I'm not interested in the details of on-boarding rates, churn, etc., just straight financials especially revenue as this is primarily a growth stock.