Reliq Health Technologies Inc V.RHT.H

many more patients on contracts are coming

[mingzhu]

CEO mentioned in last Webinar Reliq will reach 1m patients on contracts  by year end. We still have 400k to go, with 15 meeks left, 400k/15=26k. 26k patients every week on average.

[EdinColorado]

The CEO's overpromising by specific dates that are not met has really hurt the SP. I'd be much happier if the overpromising stopped and just the facts were shared. The progress they are making is in the right direction and seems quite good. Just reporting that and laying off the egregious hyping would do all a favor, IMHO.

[Gangsterme]

Does this translate to revenue of 50 million per month? And increasing monthly? If so what should the profit be?

[mingzhu]

50m*3 months=150m * 45% profit margin= 67.5m*4 quarters=$270m annual profit.

[qwerty22]

How do you keep saying stuff like this when you know RHT's actual real-world execution? Last webinar you could guess based on on-boarded numbers and revenue that maybe 2-3% of present on-boarded patients are revenue generators. And based on recent Q revenue growth (or more accurately lack of) you could guess there's a big lag in when the cash comes in. Assuming they can get 100% revenue

[c2s]

I hardly ever comment but I have to agree that it is very unrealisic to push those hyper-optimistic numbers. Might be fun to dream, but posting it just feeds the trolls. At this point, I believe any onboarded numbers must be discounted to at most 30% for adherence (even that might be high until we hear otherwise) and on any new contract, consider at least a 6-month lag for onboarding, adherence

[Ducksoup000001]

Kudos to you, c2s.

[lscfa]

January is when co. started to enhance patient adherence. The March qtr saw SAAS revenue increase by a lousy $77,074, or < 400 patients. This is dismal performance considering all the past contract announcements that should have been kicking in during this period.    

[lscfa]

p.s. based on co. guidance Jun qtr SAAS should be ~ $362,472 higher than Mar, or a crummy 1859 patient increase.  

[Lifeboat1]

Since when is 20% growth QoQ considered crummy.  20% growth QoQ is 2x annual growth which is exactly what the Company has been projecting.  Those who think that doubling growth 3 years in a row is crummy should invest in all those more in all other companies in their portfolio that are growing faster.

[lscfa]

SAAS revenue for f2023 = $7 mil - Vs - Contracts announced $1.1 billion/yr  => 0.6%... Cumulative contracts announced in last 3 yrs dwarfs actual SAAS revenue growth so not impressive.  

[Lifeboat1]

Everyone understands that actual growth is much smaller than potential growth but that does not mean that the Company has not had impressive growth over the past 2-3 years.  I wish Tesla hit all their projections as well but they don't and I live with it because the actual fundamentals and future growth are still good.  Doubling revenue in a year is never "crummy"

[lscfa]

Cumulative Contracts announced end of 2020 $162 million/yr, today $1.168 billion/yr, up 7.2x

[Lifeboat1]

That leaves lots of future growth.  

[lscfa]

Co. guides it will grow SAAS revenue to $22 mil in f2024 from $7 mil in f 2023..... $22 mil is pathetic considering it had announced $162 mil/yr in contracts in 2020.

[lscfa]

  Contracts announced  Annual SAAS revenue 2020 $162,150,000 2021 $67,035,000 2022 $577,410,000 2023 $361,260,000   $1,167,855,000

[EdinColorado]

I don't have a problem with any contrarian views especially those based on some data or reasoning. But I've noticed that from a couple of posters they come EVERY time this company does a major positive announcement. It is predictable as sunrise now.