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 > Q4 results

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Comment by qwerty22on Nov 02, 2022 4:43pm

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Post# 35067819

RE:RE:RE:RE:RE:Q4 results

There's already too much speculation here but what do you imagine Q4 would have looked like without Covid?

1,067k in Q3. With "exponential" growth, whatever that means, what should Q4 have looked like? $1.5mil or $2mil? Presumably to hit the $40mil year end target maybe it needed to be more like $3mil. Are we saying that Covid wiped out half the recurring revenue or two thirds or more? Is that realistic?

The trajectory matters. Covid killed any understanding of the trajectory. They could have done something more to clarify the situation than kick it down the road to the end of Nov.

theinvestor22 wrote: I think it would have been helpful had the company provided an explanation of Q4 results in the MD&A, not just annual ones. Had they done of good job of that explanation, it would've included the dramatic increase from Q4 of last year, but also the decrease from Q3. I suspect the explanation would have been in line with the CEO's comments around covid, but still it would've been a good idea. Let's hope all this goes away once the big traction happens.

Having said that, progress doesn't necessarily mean linear or exponential increases each quarter, just a significant upward trend over time.

qwerty22 wrote:
So with the recurring revenue model it's hard to explain with an expanding business how revenue suddenly drops like this other than with something as major as Covid hitting it hard. The thing is you would imagine they could have shown this clearly with numbers not just words. From the sounds of things they can breakdown revenue monthly. You would expect they could show the dip and the recovery as the wave passed.

It all comes down to numbers with Reliq now. We've had enough sweet words. Explain it with numbers,. Not estimates, solid in the bank numbers.

theinvestor22 wrote: I think mingzhu's numbers are off, partly because of reporting glitches. For software, if you take whole year rev of 2,740k and deduct Q3 rev of 1,067k and H1 rev of 888k (taken from the 6 month figure on page 3 of the Dec financials), you get 785k for Q4. My hardware number is 1,504k for Q4.

qwerty22 wrote: Thanks, where did you get the Q breakdown of revenue into software and hardware? I went back through the documents reported on SEDAR and for Q1 and Q2 they didn't seem to be breaking it down. Maybe I looked at the wrong document.