Reliq Health Technologies Inc V.RHT.H

estimate onboarding patients based on hardware

[mingzhu]

Q1 revenue for hardware was 1.5m, Assuming $100 USD for a device, 1.5m/125 CAD=12k patients added on Q1. If Q2 revenue is 5m, ratio  keeps the same 60% for hardware, 40% for software, 3m/1.35=22K patients. It is difficult to figure out onboarded patients on SaaS revenue because of compliance rate, hardware may not be too bad for this calculation. The question is the exact price of the device. If $100 USD is not correct, the calculation is wrong. RHT management has mentioned device price before?

[TimSanders]

you ppl are no better than a juggler at a circus narrating your own objective, juggling numbers around. Going to .35

[qwerty22]

"Going to .35" He said juggling numbers.

[theinvestor22]

My recollection is that, back in 2018, the company paid CAD $4M for 27.5k devices.  The device cost must've gone up lately, because the company said that's why their gross margin percent came down in calendar Q1 (a new suppier has since been found).  If the company's gross margin on SaaS was 75% in calendar Q1, then the hardware gross margin would have to have been about 58%.

[mingzhu]

For Q1  equation for hardware % Let x= %hardware (software revenue 1m *90%) + (hardware 1.5m * x)=(2.5m*65%) X=48% total revenue2.5m/27.5k devices=$145+48%of 145=$214 for each retail device 2.5m/214=11682 patients/3 months=3894/month. so it is about 4k per month added in Q1 note: RHT software is device agnostic. That means not every patients needs rht device. They may have them

[mingzhu]

Correction: 1.5m/214= 7009 /3=2336 /month patients added in Q1

[mingzhu]

Basically change Q1 to Q2, Q2 to Q3   For Q2 assumming 5m revenue ,2.5m for hardware 2.5m/214=11682 patients/3 months=3894/month. so it is about 4k per month added in Q2 Assuming 10m revenue, ratio of hardware/soft ware is 50 v 50 based on CEO predict 20 v 80 in mid 2023 5m/214=23364/3month=7788 patientsmonth added.

[GustheGreek]

All these estimates and what ifs don't mean sh!t. No one knows how many patients have been/will be onboarded... all these "contracts" are for potential clients. AND, of those that are onboarded, how many stick with the program, for how long, and how many die??? No one knows these answers aside from management. We'll have to wait for financials to find out "true" numbers