Reliq Health Technologies Inc V.RHT.H

Michigan added to the mix

[Lifeboat1]

Glad to see a new State added.

To give some perspective to where the stock is I looked at one of my other SAAS holding and found it is in a similar down position despite having a stellar year.  I think it also provides some perspective on valuation confirmation for where I expect Reliq to be by the end of the Calendar year..
 

Datadog was at a 65x multiple on sales for its 52 week high in November 2021. It’s trading down about 50% (not a surprise in the current market) despite beating earnings every quarter for the past 4 quarters but still at 30x sales with only 2.6% earnings and 84% sales growth YOY. The takeaway is that SAAS companies are still getting over 10x revenue multiples and more like 30x in a down market with high growth and profitable. Reliq is only trading at 2.5x-5x forward revenue of $24-$40 million a year. The stock will go up 4x to 10x from here in the next 12 months if revenue targets I listed are met.