TSXV:RHT.H - Post by User
Comment by
qwerty22on May 31, 2023 1:09am
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Post# 35471674
RE:RE:fQ3 results
RE:RE:fQ3 results What we talking here. Claims from compliance in Nov,Dec and Jan (+/- a month) collected as revenue by reliq in Jan, Feb and March?
Maybe not off-boarding rather off-compliance from one month to next. Remember those locusts in Idaho, snow in California and Christmas every where else! There's always an excuse. Problem is the growth in the company should be drowning out the noise, it isn't much though.
(Joking aside I can see holidays making Dec a low compliance month and eventually the company is probably going to have an annual cycle in revenue like this https://www.medirevv.com/blog/to-everything-there-is-a-season-how-to-minimize-the-negative-effects-of-seasonality-on-your-patient-pay-cycle)
(My guess the $15mil was always a nonsense she never corrected. It never really made sense to me from the day she said it.)
lscfa wrote: SAAS revenue growth Q2 to Q3 is weak considering ongoing onboarding of new patients and increased adherence of existing patients. How much offboarding is going on?
Why is the SAAS margin so volatile?
Does anyone at the co. proof-read the copy and pastes? If co. is still saying it will fulfill the $15 million hardware sales by June 30 the hardware sales will dwarf the SAAS revenues. Hardware sales delayed again?
"Going forward the Company expects the majority of its revenue to come from software and services vs hardware sales."
| Qtr ending | Mar 23 | Dec 22 | Sept 22 |
| SAAS rev | 1,804,891 | 1,727,817 | 1,422,671 |
| device rev - returns | 2,936,146 | 2,390,707 | 2,049,566 |
| Total revenues | 4,741,037 | 4,118,524 | 3,472,237 |
| SAAS cost | 153,447 | 413,749 | 142,292 |
| device cost | 1,385,863 | 1,142,846 | 1,155,350 |
| Total costs | 1,539,310 | 1,556,595 | 1,297,642 |
| Gross profit | 3,201,727 | 2,561,929 | 2,174,595 |
| SAAS margin | 91.5% | 76.1% | 90.0% |
| device margin | 52.8% | 52.2% | 43.6% |
| Total margin | 67.5% | 62.2% | 62.6% |