Reliq Health Technologies Inc V.RHT.H

RHT SHAREHOLDERS WEBINAR JUNE 1, AT 9:00 AM

[Humanist]

Reliq Health Technologies, Inc. Announces Upcoming Shareholder Update Webinar

by @nasdaq on 13 May 2021, 08:00
   
HAMILTON, Ontario, May 13, 2021 (GLOBE NEWSWIRE) -- Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a rapidly growing global telemedicine company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, wishes to inform shareholders that it will be hosting a webinar on June 1, 2021 at 6:00am PDT / 9:00am EDT to review the Company’s quarterly financial statements for Q3 Fiscal Year 2021 (January 1 – March 31, 2021), and provide a corporate update.
Webinar Login Information:

	Date:	Tuesday, June 1, 2021
	Time:	6:00am PDT / 9:00am EDT
	URL:	www.reliqhealth.com/webinar

“In the webinar on June 1^st, Management will discuss the Q3 FY2021 financials, provide an update on Reliq’s operations to date and review guidance for the remainder of calendar year 2021,” said Dr. Lisa Crossley, CEO at Reliq Health Technologies, Inc. “The Company remains on track to reach profitability by the end of June 2021, which is a key milestone for the business. Achieving profitability is the first step on our path to uplisting to the NASDAQ and will enable us to begin the application process. Reliq expects to generate revenues of approximately $11 Million in calendar year 2021 with gross margins of 75% and EBITDA margins of 45% by the end of this year. Thanks to a successful vaccine rollout, most US States are moving quickly to reopen and Reliq is consistently increasing the pace of onboarding and the corresponding revenue generated every month. The Company has expanded its Care Management team in the US based on existing customer demand and is well prepared to support the rapid growth expected throughout the remainder of 2021.”

For those who are not able to attend the webinar, a recording will be available on the Company’s website (www.reliqhealth.com) immediately following the session.
 

[theinvestor22]

June rapidly approacheth.  Should be interesting.

[jtmoney]

Agreed, she's very consistent in her confirmation of profitability by the end of June and with full 2021 calendar year numbers.  Glta 

[lscfa]

Profitabilty is overpromising. More like breakeven.

[mjh9413]

...but did I really read "$11MM in revs FY 2021"? eom

[lscfa]

Calender year 202, back half loaded....  

[theinvestor22]

Yes, mjh, they've been saying that for a while now.  They've also said $24M in annualized revenue by the end of calendar 2021 as I recall.   Also, if they're to be profitable by the end of June, that would imply a sustantial bump in revenue for fiscal Q4 (calendar Q2). And, as mentioned by lscfa, that would be followed by exponential growth over the following 2