Reliq Health Technologies Inc V.RHT.H

Adherence Rate Enigma

[Justforfun10]

The company has stated numerous times in the past they would achieve 100,000 on-boarded patients by the end of 2022. They have recently stated adherence rates of 68%. If we assume that is across the board and not a small sample size and not factoring in any lag time then we would expect roughly $13 million in SaaS revenues. They reported $1.8 million in SaaS revenues well short of $13 million. It would seem that either the number of on-boarded patients is well below 100,000 or the adherence rate is over stated or there is a huge lag from onboard to adherence or there is a problem with collections. Which it is I don't know or a combination of the above. It seems to me that the requirement of 16 readings per month is not widely attainable for Medicare coverage. If true what is the solution? The company has stated going forward they will assume direct control of adherence. The next financials will tell the story. I suggest the company send warnings to non compliant or non adherent patients they will be locked out of the software. Refund them for hardware and use the devices for new patients. I will hold my shares for the next financials but I expect to see total revenues of at least $8 million and other hard numbers such as the current number of on-boarded patients, ongoing adherence rates of all patients and ongoing collections to name a few.

[Mitch43]

Good post and argumentation.

[Lifeboat1]

Justforfun10 - So much misinformation in your post. You should really do some actual DD. I don't know where you got the 68% from.  The last number I saw was 19% for existing clients that do their own adherence and 70% for clients by the end of 2023.  If you want actual info you should ask IR.  I have always received good clarifying info from them so Indint just post random

[Justforfun10]

I will fact check and reply  

[Mitch43]

 So much misunderstanding on your post as well which relies mostly on questionable ReliQ provided information... I day traded the stock for small gains  for close to 5 years and if there is something I learned is to not give too much credence to the Co statements particularly about the elusive " we are going to be profitable next quarter or next whatever".... cause we are a

[Lifeboat1]

First the Company did not plead no contest.  The case was settled and insurance and prior employees paid the bulk of the settlement.  It was never even certified as a class action suit. I gave you the patient numbers and adherence numbers from the Company and they actually line up nicely with the revenue for the last two quarters.  

[Mitch43]

"I gave you the patient numbers and adherence numbers from the Company and they actually line up nicely with the revenue for the last two quarters." Nope! When, where ?!   To my limited knowledge, the CO never published any verifiable onboarding numbers to date,  stating when prompted about it:  secrecy reason  towards the competition...Then tell me why you

[Justforfun10]

Lifeboat1 - In the corporate update webinar April 12, 2023 the CEO stated that "existing clients previously had adherence levels below 30%. Reliq has taken over adherence for >30% of existing clients to date, increasing their adherence to >70%." #1 I see that I have been confusing clients with patients.  #2 I see that there is no way to know which clients and their