Reliq Health Technologies Inc V.RHT.H

Q3

[123600]

My guessmpeople mwill be disappointed

[GustheGreek]

Disappointed? Not at all, revenue is growing, pretty well actually, considering the fact that we're still in a pandemic. Every quarter going forward should see a significant increase in revenue. GLTA!!!

[vitalina2233]

waiting for the conference call at 6 am pst   Should be interesting. I agree all in all,good release,alot better then the bashers and Lisa haters were stating. Papi

[lscfa]

The bozos are still misleading readers. Lisa said it herself last CC that the SAAS revenue is understated because devices bundled with subscriptions are reported as hardware sales. Accounting rules may mean this is the way it has to be reported but there is no law that co.s can't provide additional info like ebitda.  Here's a guess at the likely revenue splits.....    

[lscfa]

Correction: loss for mar 22 qtr should be 811,042

[SupremeNed]

yep hence share price. as i said before. market knows what s up and red day tommorow for sure. gl

[Invester123]

Not too bad! Not exactly what I was hoping for but definitely a move in the right direction. Now I think many people will start loading up with a greater degree of confidence. 800k vs 2.1mil loss last qr. Definitely an improvement! I can almost see the light at the end of a tunnel! Lol!

[lscfa]

Accounts receivable. Last Qtr they said hardware was on a 12 month pay plan. Now it's 12 to 24 months. Is Reliq a charity or a biz?     Revenue A/R Change in A/R Mar 22 2,515,013 7,409,695 1,753,473 Dec21

[mingzhu]

higher rate charged for longer period like a bank interest charge .  it is great for long term.  Say RHT sold 1m devices, the monthly interest charge is substantials.RHT is very much like a shadow bank "The Company charges a higher price for devices that are paid for through payment plans and therefore generates higher margin revenue for these devices". 

[lscfa]

If the hardware sells for $150 and a 1 year subscription is $600 (12 x $50) is Reliq booking $750 of revenue now as a hardware sale? (and collecting over 12 months)   If so, that distorts quarterly subscription revenue.

[mingzhu]

The only thing you should care is gross margin. It was 65% last Q because of depressed device price. CEO said it is coming back to 75% this Q. Certainly it is monthly charge of devices. You cannot sell devices on such high rate even you make them yourself. If you like to breakdown,you can assume software around 85-90% gross margin. Create a formula to calcuate.

[theinvestor22]

The increase in R&D in Q3 over the average of the last 4 quarters was about $742k, which turns out to be about 92% of entire Q3 loss.  So, it seems that, without this extra R&D expense, the company was dangerously close to breaking even this quarter.  I would like Lisa to comment more on the one time FHIR expense located in R&D - the reason for it but more importantly the

[mingzhu]

good detail calculation. salary even decreased.

[lscfa]

So did co. just defer stock comp to the next qtr to show reduced loss? Share-based payments increased to $6,028,722 (Q3 FY2021 - $4,979,027) as the Company granted various stock options to officers and US-based sales and business development consultants. During FY2021 and Q1 and Q2 FY2022 the Company awarded stock-options as a form of compensation to preserve cash. Going forward the Company