Reliq Health Technologies Inc.

Reliq Health is a digital health company that provides innovative SaaS solutions to the $100 billion Virtual Care market. Reliq's proprietary iUGO Care platform supports Remote Patient Monitoring, Telemedicine, Chronic Care Management, Transitional Care Management and Behavioral Health Integration. The company has over 50 clients in the US, Australia and Canada. Reliq expects to achieve cash flow positive in Q1 2021 and profitability in Q2 2021, with gross margins over 75% and EBITDA margins over 45%.

Expert Comments:

Reliq Health Technologies Inc. reports that software and services revenue continues to increase, leading to record cash intake for the quarter that ended Dec. 31, 2022.
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Jefferson Research

"For Q1 FY23, valuation at Reliq Health Technologies Inc. suggests a lower amount of price risk. . .the company's balance sheet rating improved during the quarter on strengthening liquidity."

Jefferson Research

"The valuation for Reliq Health Technologies Inc. suggests a lower amount of price risk. . .a favorable valuation implies lower potential downward price risk that is evidenced by a company price multiple that is lower than the corresponding sector average. . .the balance sheet rating improved during Q1 FY23 on strengthening liquidity."

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Clive Maund, CliveMaund.com

"Reliq Health Technologies Inc. still looks good here and in fact is at another Buy spot as it is starting to break out of a completing bull flag that has formed over the past couple of weeks. . .a breakout from the flag should lead to a rally of similar magnitude to the one preceding the flag. . .this is a good point to add to positions or make fresh purchases."

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Douglas Loe, Leede Jones Gable

"Ontario-based Reliq Health Technologies Inc. is sustainably adding new clients for its iUGO Care platform in recent months, and just this morning added 50 new nursing home clients in Florida to its network, adding 5,000 patients per month (and so 60,000 patients per year) to its client base. . .the company will provide transitional care management to newly discharged patients at a rate of $60/month and remote health monitoring at a slightly higher rate of $65/month thereafter, at 75% gross margin."

Clive Maund, CliveMaund.com

"With the dip of recent days presenting us with a better entry point for Reliq Health Technologies Inc., this looks like a good time to buy. There is a clear line of support at CA$0.50, so a good point to place stops would be at about CA$0.485."

The pandemic changed the way many people get their basic healthcare, giving a big opening to telemedicine companies like Reliq Health Technologies Inc.
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Jefferson Research

"Reliq Health Technologies Inc. is showing strong earnings quality and cash flow quality, and valuation suggests a lower amount of price risk. . .with a reported net income of -$800K in Q3/22 that was equal to the adjusted number, the company's quality of net income earnings is extremely high. In addition, operating cash flow increased during Q3/22 to -$1.5M from -$2.8M."

More Expert Comments

Experts Following This Company

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Douglas Loe, Managing Director & Analyst, Healthcare and Biotechnology – Leede Jones Gable
Clive Maund – CliveMaund.com

Company News 

3/16/2023 – Reliq Health Technologies, Inc. Announces New Contract with Large Healthcare System with over 1,200 Care Centers across 7 US States

3/8/2023 – Reliq Health Technologies, Inc. Announces 40 New Skilled Nursing Facility Clients in California, Florida and Pennsylvania

3/1/2023 – Reliq Health Technologies, Inc. Files Q2 FY 2023 Financial Statements, Announces Record Revenues of $12.6M for Calendar Year 2023

2/24/2023 – Reliq Health Technologies, Inc. to Present at the Gravitas 6th Annual Growth Conference

2/16/2023 – Reliq Health Technologies, Inc. Announces Six New Contracts in Pennsylvania and California and Related Artificial Intelligence Applications

1/27/2023 – Reliq Health Technologies, Inc. Announces 30 New Skilled Nursing Facility Clients in FL and a New Contract with a Large Clinic in TX

1/25/2023 – Reliq Health Technologies, Inc. to Participate in the Lytham Partners Investor Select Conference

1/20/2023 – Reliq Health Technologies, Inc. to Participate in the Healthcare IT Virtual Conference Presented by Maxim Group LLC and Hosted by M-Vest on Wednesday, January 25, 2023

1/16/2023 – Reliq Health Signs 8 New Physician Clients in CA, NV and TX, adding more than 5,000 Patients to its iUGO Care Platform - Video on InvestmentPitch Media

1/13/2023 – Reliq Health Technologies, Inc. Announces Eight New US Contracts in CA, NV and TX

1/9/2023 – Reliq Health Contracts with Current Large Healthcare Network Client in Florida Adding Additional 34 New Hospital Clients to its iUGO Care platform - Video on InvestmentPitch Media

1/6/2023 – Reliq Health Technologies, Inc. Announces 34 New Acute and Long-Term Care Hospital Clients and Upcoming Shareholder Update Webinar

The information provided above is from analysts, newsletters, the company and other contributors.

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Streetwise Company Fact Sheet

Reliq Health Technologies Inc.


2023/3/20 3:13:34

Analyst coverage

Leede Jones GableDouglas Loe

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Company News

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Streetwise - Reliq Health Technologies Inc. Ownership Overview*

Reliq Health Technologies Inc. (RHT:TSX.V; RQHTF:OTCQB; A2AJTB:WKN)

*Share Structure as of 2/22/2023
Investing Highlights
Reliq has first mover advantage in the $100 Billion Community Care market
The Company expects to achieve profitability by the end of June 2021
Reliq expects consistent month over month revenue growth every month through 2021 and beyond
catalyst Calendar
Profitability by end of June 2023