Reliq Health Technologies Inc V.RHT.H

Cash flow

[lscfa]

Bashers at CEO.ca think no cash flow from SAAS is being recevied. This is wrong.

 

Qtr ending	Trade receivables	SAAS revenue	Cash payments received
Mar 23	2,924,708	1,804,891	1,901,638
Dec 22	3,021,455	1,727,817	1,950,524
Sep 22	3,244,162	1,422,671	444,345
Jun 22	2,265,836

[kusio1]

If devices are sold at 12month payment plans or less, don't they go towards trade receivables? Payment plans of 12-24 months are common for devices. 12 months would likely go to trade receivables,  for period longer than that toward long term receivables

[lscfa]

Trade receivables = SAAS....long term receivables (current & non-current) = hardware

[kusio1]

I don't believe that to be the case. By accounting principles, long term receivables would be those with payment terms above 12 months.  Current portion of long term receivables would be the portion of devices sold with payment plans of above 12 months, that are due within 12 months. Trade receivables would be those below 12 months. Therefore devices on payment plans of 12 months or

[lscfa]

Crossley was running a charity. All the damn hardware sales are 24 months payments

[kusio1]

Well, they did mention 12 - 24 months so there is that. Hopefully auditors make them specify SaaS vs device revenue collected,  if the earnings ever are filed

[lscfa]

Refer back to my table. If trade receivables did include some reported hardware revenues then cash payments would be higher which is unlikely.       Qtr ending Trade receivables SAAS revenue Cash payments received Mar 23 2,924,708 1,804,891

[kusio1]

I think cash payments for hardware are much more likely than cash payments for software, looking at past numbers

[Reggie1]

Either way they are not getting paid in a timely manner.  How many people out in the field getting a monthly salary? Or a daily contract rate? And then on the other side of that revenue coming in multples of times paid salary.  That is why it is trading the way it is on the open market in the US.  The Bell Tolls.