TSXV:RHT.H - Post by User
Comment by
mingzhuon May 31, 2023 10:52am
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Post# 35472457
RE:why $6m SaaS revenue for current Q
RE:why $6m SaaS revenue for current Qmingzhu wrote: 2 calculations , one based on SaaS, one on hardware sale:
1, compliance rate from 20% to 70%, 3.5x increase. Q3 $1.8m * 3.5=$6.3m
2, total hardware sale $14m*/250 a piece of device= 56000 on board *70% compliance =39200 billable patients *monthly $50 * 3 months=$5.88m
Of course, my estimates can be only correct if the numbers given by Reliq are correct.
I expect Q4 revenue $10m to 12m with hardware $4-6m and SaaS $6m.
Based on the hardware calculation, if with 20% compliance instead of 70%, Q3 revenue is $1.68m very, very close to reported real revenue of $1.8m. I think hardware sale is very good indicator of SaaS revenue using my formula.