Reliq Health Technologies Inc V.RHT.H

RE:RE:RE:i used to get excited over contracts announcements but ....

[theinvestor22]

Yup, I actually took a look at cash a couple of days ago.  As of March 31st, on the plus side, there's $890k cash/near cash + $641k from options exercised and $16k from warrants exercised after March 31st + $57k in warrants likely to be exercised by June 30th + $7.62M in receivables for which collections are increasing.  On the other side, there is accounts payable of $1.8M.

Since the Q3 loss excluding share-based compensation was about $700k, I'm thinking they'll not need another fund raise.

BTW, I really liked your posting.

mercedesman wrote: Without a deep dive, I suspect that you are correct. Started a position here.  Like the technical support zone.  The general markets might beat it up as a small cap in a bear market, but if they can weather the storm, out-sized gainis to be had eventually.  Always a good move to accumulate survivors and long term thrivers in a down market while they are on sale..

Also like:

• Rising revenues each Qtr (although at a slower pace than obviously some here might prefer*)
• The more contracts, (inevitably) the more patients that will be enrolled over time
• Margin $ are increasing so they are building more of a contribution towards fixed costs - eventually margin $ generated, will overtake fixed costs...By definition, fixed costs do not rise that much when new patients are on-boarded.
• Telemedicine is the only practical future for medical care (given limited $ for HC, rising populations, limited HC resources - ie. people, pandemics/endemics) - they are trying to address an obvioius long-term trend *

*The stock maket is a mechanism for separating the impatient from their money. - W. Buffet.

To help with my DD, has anyone looked at cash burn and whether there may be a need to raise money before they turn profitable?  TIA

MM

theinvestor22 wrote: Interesting how different people take something different away from the same data set.  After the company's reset, it started announcing contracts in large numbers beginning in mid calendar 2019, but nothing much showed up in revenue.  Ditto for calendar 2020.  Ditto for H1 of calendar 2021.  However, for the past 3 quarters, all that has changed.  Just look at the actuals.

Now, look at AR collection.  Pretty much the same thing, give or take.

You might not like company guidance, explanations or speed, but there's no doubt we're starting to see progress.  And, even if you think you need to discount announced expected onboarding numbers, the sheer volume of them should tell you something about the potential and the company's ability to generate new business.

So, while those who pay attention to what the CEO says might not get excited about announcements, I'm quite liking them.

I rather suspect that a whole lot of people (perhaps not yourself)  don't get excited about anything for which there isn't an immediate price reward.  Par for the course, I suppose.  I haven't been more optimistic about this company's chances of success for quite some time.

Humanist wrote: not anymore!  you ask why, because we have no idea of the retention rate or enrolllment rates.. .so even if they're announcing many contracts per month, we don't know how many patients are enrolled and for how long..so we could be dealing with in & out patients all the time thus the lack of major revenues... we simply don't know but if the past history is any indication, thats why we're not meeting the earning targets.  just speaking out loud if my understanding is wrong, pls comment.

glta