TSXV:RHT.H - Post by User
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10Xbaggerron Feb 10, 2022 10:55am
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Canadian Hedge Fund CIO Talks Top 2022 Prospects. (RQHTF)
Canadian Hedge Fund CIO Talks Top 2022 Prospects. (RQHTF)https://www.streetwisereports.com/article/2022/02/09/canadian-hedge-fund-cio-talks-top-2022-prospects.html Reliq Health monitors patients at home via its own software that generates roughly US$50 per month, per patient to monitor various aspects of their health care. The CEO is an M.D. so the company is run by a team who understands the ins and outs of the medical system. The firm typically contracts with large U.S. healthcare clinics. Mr. Palmer commented, "I think this is a big trend in the healthcare space as people don't need to go and have a physical visit necessarily all the time."
"The companies iUgo software platform is also used for patient compliance in terms of their medications, so we like this company because it's a highly scalable business that can add patients to the platform quite quickly as recurring revenue and is fairly profitable so we're pretty optimistic there," Palmer added.
AlphaNorth indicated that the company is now planning to list its shares on the NASDAQ in 2022. Mr. Palmer remarked that, "the company has a market cap of around CA$200 million and expects to be cashflow positive and profitable in Q4/21, which if achieved could be a catalyst for a lift in valuation."