Reliq Health Technologies Inc V.RHT.H

Alternate Symbol(s): RQHTF

Technology Software - Application

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 > MORE CONTRACTS

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Comment by lscfaon Jul 19, 2022 2:31pm

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Post# 34835102

RE:MORE CONTRACTS

More small contracts means more Care Management staff needed by Reliq as Cognizant only handles large clients. Note the increase in SAAS costs last quarter and lagging SAAS revenues = margin dropping to 40%.

Qtr ending	Mar 22	Dec 21	Sept 21
SAAS rev	1,067,426	524,547	363,884
device rev	1,447,587	1,615,577	1,244,284
SAAS cost	640,533	142,713	123,434
device cost	238,376	413,709	325,710
SAAS margin	40.0%	72.8%	66.1%
device margin	83.5%	74.4%	73.8%