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 > Todays news is a positive but raises a quandry in my mind

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Comment by lscfaon Jul 16, 2021 9:57am

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Post# 33558750

RE:RE:RE:Todays news is a positive but raises a quandry in my mind

I'll dumb it down for you....

		Patients	Revenue
2021	December	40,000	2,000,000
2022	Jan	42,222	2,111,100
	Feb	44,444	2,222,200
	Mar	46,666	2,333,300
	Apr	48,888	2,444,400
	May	51,110	2,555,500
	Jun	53,332	2,666,600
	Jul	55,554	2,777,700
	Aug	57,776	2,888,800
	Sep	59,998	2,999,900
	Oct	62,220	3,111,000
	Nov	64,442	3,222,100
	Dec	66,664	3,333,200
		2022 rev =	32,665,800

theinvestor22 wrote: I'm not sure how you did your calcs, but it seems to me the you're comparing $32M estimated 2022 whole year rev with 2021 year end run rate, which are 2 different things. If you were to compare the $32M 2022 estimate against the $11M 2021 estimate, your calc might look different.

Also, please keep in mind that the company has said it expects to revise future estimates higher at some point. Looking at the $32M number myself, it seems quite low under the circumstances.

I must say that, when I read your posts, it's clear to me that there is a fair amount of anger in your tone. I get it. It's hard not to let that kind of thing affect your thinking., especially when you jump to the negative whenever new info arrives.

lscfa wrote: Co. is not telling us a whole storey. At Dec 31, 2021 $2 million run rate = 40,000 patients. 2022 revenue is $32 million so run rate at Dec 31, 2022 is $3.33 million = 66,666 patients. So in 2022 patient growth is only 2,222 per month. WTF?

HHHAPPY wrote: "We expect to work through our backlog of over 200,000 patients in the next 18-24 months as the healthcare sector continues its recovery from the global pandemic.”
If they have a back load of 200,000 patients , how come the new patients they are announcing are being uploaded immmediately?
What am I missing?
As well, 200,000 additions if $65.00 per month gain =$13 million a month! Surely emphasis on uploading should be first priority??
Comments?