TSXV:RHT.H - Post by User
Post by
theinvestor22on Nov 30, 2022 12:23pm
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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.