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Reliq Health Technologies Inc V.RHT.H

Alternate Symbol(s):  RQHTF

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.


TSXV:RHT.H - Post by User

Post by theinvestor22on Nov 30, 2022 12:23pm
199 Views
Post# 35140082

Q1 results

Q1 results
Decent revenue growth, good gross margin, remarkably good expense control, positive adjusted EBITDA and almost break-even profit wise.  That is well on the way to resolving the income statement issue. 

The other issue was collections, for which they still lag.  I see they're "...putting additional resources into revenue collection activities and there should be significant improvement going forward".  I think they're a bit late to the party on this issue, but logic tells me it can be resolved with some effort, given it's in the interests of all parties to make remote monitoring work.  It seems to me some clients have gotten used to not paying promptly (because Reliq promoted it and then allowed it to continue) and that needs to be turned around.  In terms of financing, the company received about $2.2M after Q end.  They're now pretty much out of warrants.  I suppose they could still continue with option conversion, but really, it's time to get those payments in!
 
As I've mentioned before, I ignore the CEO's guidance projections.  She should stop with the guidance already.
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