Reliq Health Technologies Inc V.RHT.H

2023 guidance

[lscfa]

Why is this not widely disclosed to the public? Selective disclosure is illegal. Is co. now saying 2023 revenue will be at least $51 million for sass + $15 for devices?

Revenue guidance for Calendar 2022 will be delayed but as expected Calendar 2023 will exceed Calendar 2022 forecasted revenue with the current run rate of >$3 million a quarter, $15 million in announced device sales and another $15 million in SAAS and professional services revenue associated with those device sales and that doesn’t include any growth.
 

https://themoneynarrative.wordpress.com/2022/11/30/reliq-health-technologies-rht-v-thoughts-on-the-q1-fy2023-financials/#more-3756

[lscfa]

Correction: 2023 sass revenue = $3 mil x 4 qtrs + $15 = $27 mil

[qwerty22]

"While the current pool of investors may not understand the fantastic growth and business Reliq is building and may have had unrealistic expectations that a small company in a new market with primarily retail shareholders would not have a few missteps" It's all your own fault guys. Wonder where those unrealistic expectations came from?

[qwerty22]

The question is where do the unrealistic expectations end. Are we meant to believe they are all behind us?  What are the expectations now? That the revenue that didn't come in 22 will turn up in the next two quarters. Is this realistic? Or just more unrealistic expectations? It's being set by exactly the same person who set the previous expectations. Can we trust these expectations?

[Lifeboat1]

Qwerty22.  The Money Narrative comments tell you everything you need to know.  The Company is on the trajectory they have been saying for the past three years and have hit the first and will most likely hit the others just a little slower than initially expected.  As the article stated, calendar 2022 revenue will exceed the forecast originally expected for 2021 and 2023 revenue will

[qwerty22]

Sure, well it's easy to see one thing is bigger than another thing, but in reality we are talking about 1/2 mil $ increase over a few quarters and big chunks of that is hardware when it's the software that we are all here for. It's a cleverer man than me who can see the trajectory here. If Reliq is an engine, we can see the fuel going in (contracts) but we can't see the power

[lscfa]

What trajectory?    Co. said the run rate at Dec 31/2021 was $2 million/month. Now they say it is currently $3 million/QUARTER !!!

[Lifeboat1]

Fiscal year / Revenue. 2021 1.5 million 2022 8.5 million 2023 > 27 million ($15 million plus at least $12 million)

[Lifeboat1]

IFSCA - It has been disclosed.  All of those numbers are publicly available.  You really look for any reason to try make something out of nothing. 

[EdinColorado]

But not without reason. The revenue projections and overpromises have indeed been an effort to create something out of nothing. The overpromises to date were based on stories and acts offered so often that they are no longer working with investors. I'll agree that they are on a right trajectory but the execution to date has cost both the company and stockholders credibility. The overpromising

[qwerty22]

I want the overpromising to stop as well but it's the best thing they have right now. Without it all we have are the mis-steps (and hurricanes and pandemics). (Any way she can drag the Hawaii volcano into this as well?)  

[kepiyal]

This post has been removed in accordance with Community Policy

[Lifeboat1]

Iscfa - the Company guidance based on the recent press release and the info on the website is between $40 and > $100 million for 2023 per all the disclosures of which > $50 million falls between those numbers.