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Bullboard - Stock Discussion Forum Reliq Health Technologies Inc V.RHT.H

Alternate Symbol(s):  RQHTF

Reliq Health Technologies Inc. is a global healthcare technology company that specializes in developing virtual care solutions for the healthcare market. The Company’s iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive care at home, improving health outcomes, enhancing quality of life for patients and families and... see more

TSXV:RHT.H - Post Discussion

Reliq Health Technologies Inc > people often quote 100k patients on board by the end of 2022
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Post by mingzhu on Jun 01, 2023 8:27pm

people often quote 100k patients on board by the end of 2022

people would say that is what CEO said . But they forget CEO mentioned later RHT had $15m device delay from Q3-Q4 of 2022 to 2023. Based on hardware sale, my calculation indicates 45k patients on board . If you add 15m device delay, 15m/250=60k. That adds up to 100k  perfectly.. Hardware sale is really  the solid  tool to calculate the numbers of patients onboarded. By the end of fcQ3, RHT had 56k patients. on board, adding 11k on board, 3.5k monthly. CEO said Reliq ramp up SNFs patients  in April. I hope and expect monthly rate go up.
Comment by mingzhu on Jun 01, 2023 9:41pm
45k patients by the end of 2022 are also confirmed by fcQ3 SaaS revenue. compliance rate started from 20% and ended in 30%. Take the middle, 25% rate. 45k patiens *25% =11250*monhtly $50*3 months=1,687,500. so close  to  reported $1.8m revenue. !
Comment by Justforfun10 on Jun 01, 2023 10:21pm
The company stated in a press release as late as November 29, 2022 "Reliq remains on track to onboard over 100,000 patients to the platform by the end of December 2022 and over 200,000 by mid-calendar year 2023.” So I'm not sure WHEN the CEO said later there was a $15 million device delay in current year 2022 Q3 and Q4, but if that was the time frame, they would surely know by the end ...more  
Comment by aaaaaargh on Jun 01, 2023 10:48pm
Exactly.   On track would also mean that they had a lot of onboards already completed in the first two months already..... Unless of course someone is one of those company apologists that believe they were simply planning on onboarding all of the  60000 people in the very last week of the quarter....ya know during Christmas.....
Comment by lscfa on Jun 02, 2023 12:01am
The co. may very well have hit the 100,000 onboards by  Dec 31/22 but only a small fraction of those patients are paying customers. Onboarding no.s is a meaningless metric. No wonder bozo mgmt abandoned it. .
Comment by lscfa on Jun 02, 2023 12:14am
Even recorded hardware sales does not allow one to accurately forecast SAAS revenues because Reliq recently discovered that there are patients who have not activated their account 6, 9 months after receving the device in their home. Maybe that lag will shorten now that Reliq is overseeing adherence.   Device sales Cumulative sales  ...more  
Comment by Lifeboat1 on Jun 02, 2023 4:01pm
ISCFA - are you just making up things at this point?  When did the company say "Reliq recently discovered that there are patients who have not activated their account 6, 9 months after receving the device in their home.".  I find no evidence of that statement or anything similar.
Comment by lscfa on Jun 02, 2023 6:16pm
Lifeboat, stop being so lazy and review the webinars. It was said in one of them.  
Comment by aaaaaargh on Jun 04, 2023 4:02pm
For the master of due diligence..... https://www.reliqhealth.com/investors/#single/0 12 minute mark.
Comment by aaaaaargh on Jun 04, 2023 4:19pm
Well, I have no idea why that link sends to a chinese version.   Go to Reliq, click investors, and view the march2 investor presentation.   12 minute mark.
Comment by aaaaaargh on Jun 01, 2023 11:57pm
You really need to do some due diligence.   The company stated that they were on track for 100000 onboards by the end of December IN THE SAME NEWS RELEASE that talks about the $15 million hardware delay.  However, I do appreciate how you keep trying to make up all sorts of scenarios with made up numbers to explain this incompetent management. https://www.reliqhealth.com/2022/11/29 ...more  
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