Reliq Helth Tech Stock Price, News & Analysis

Reliq Health Technologies has announced the signing of 40 new Skilled Nursing Facility clients, primarily in California, Florida, and Pennsylvania. By the end of 2023, these clients are expected to contribute over 4,000 new patients monthly to the iUGO Care platform, totaling approximately 48,000 patients. With an average revenue of US$65 per patient per month and a 75% gross margin, this expansion significantly enhances revenue potential. Moreover, adherence rates post-discharge are currently greater than 70%, projected to exceed 80% as patients gain more experience with the system. The US skilled nursing facility market is anticipated to grow to US$252 billion by 2032.

Reliq Health Technologies Inc. (OTC:RQHTF) announced the acquisition of 40 new Skilled Nursing Facility (SNF) clients located in California, Florida, and Pennsylvania.

This expansion is expected to contribute over 4,000 new patients monthly to the iUGO Care platform, totaling more than 48,000 patients annually. Each patient is projected to generate average revenues of $65 per month, which can result in significant revenue growth at a 75% gross margin. The company reports over 70% post-discharge adherence among patients, anticipating this rate to exceed 80% as familiarity with the platform increases.

Reliq Health Technologies Inc. (RQHTF) reported record revenues of $12.6 million for 2022, with $4.1 million in Q4 alone, reflecting a 90% increase year-over-year. Software and services revenue surged over 229% to $1.7 million for Q4 2022. Gross profit increased 121% to $2.6 million, achieving a gross margin of 62%, which is expected to rise to 75% in 2023. The company reduced its loss by 97% to $71,254 in Q4 2022. Reliq's iUGO CARE platform remains pivotal, facilitating remote patient monitoring and healthcare delivery, positioning the company for growth in the healthcare market.

Reliq Health Technologies Inc. (OTCQB:RQHTF) reported record revenues of $4,118,524 for Q2 FY 2023, a 90% increase compared to the previous year. Total annual revenues reached $12,683,030, with software and services revenue increasing over 229% to $1,727,817. Gross profit rose 121% to $2,561,929, with margins improving to 62%. The Company reduced its losses by 97% to $71,254. Plans for significant growth include expanding into the Skilled Nursing Facility (SNF) market, expecting to add over 218,000 patients annually through new contracts. Future improvements in collections and adherence management are also underway.

Reliq Health Technologies Inc. (RQHTF) announces a webinar on March 2, 2023, at 7:30 AM PST / 10:30 AM EST to discuss its Q2 Fiscal Year 2023 financial statements and provide a corporate update. This session will be valuable for shareholders seeking insight into the company’s performance and future strategies. Reliq’s iUGO Care platform supports virtual healthcare, improving patient outcomes and reducing care delivery costs. A recording of the session will be available on the company's website afterward. Stakeholders are encouraged to join to stay informed about the company’s progress in the healthcare technology sector.

Reliq Health Technologies Inc. (OTC:RQHTF) will present at the Gravitas 6th Annual Growth Conference on March 2, 2023, at the Fairmont Pacific Rim Hotel in Vancouver. Dr. Lisa Crossley, CEO, will discuss the company’s progress in improving patient adherence and collection speeds, as well as adding new clients. The conference will feature a mix of presentations, Q&A, and individual meetings. Interested investors can register here. The company’s iUGO Care platform enhances virtual healthcare, supports real-time monitoring, and aims to reduce healthcare costs.

Reliq Health Technologies Inc. (OTCPink:RQHTF) has secured contracts with three Assisted Living Facilities and three physician practices in Pennsylvania and California. This move is projected to onboard over 3,000 patients to the iUGO Care platform by year-end, generating approximately $65 per patient monthly, with a gross margin of 75%. The iUGO Home solution will enhance patient monitoring and telemedicine capabilities, focusing on emergency alerts and fall detection. The U.S. Assisted Living Facility market is expected to grow significantly, from $91.8 billion in 2022 to $140.8 billion by 2030, highlighting the substantial demand in this sector.

Reliq Health Technologies Inc. (OTC:RQHTF) announced the signing of new contracts with three Assisted Living Facilities and three physician practices in Pennsylvania and California, expecting to onboard over 3,000 new patients to its iUGO Care platform by the year's end. This expansion is projected to generate average revenue of $65 per patient per month, contributing to a 75% gross margin.

Reliq's iUGO Home solution will enhance patient care with features like emergency alerts and fall detection, while AI integration aims to improve health outcomes by identifying patients at risk of falls. This strategic growth signifies Reliq's commitment to innovative virtual healthcare solutions.

Reliq Health Technologies (OTCPink:RQHTF) has expanded its iUGO Care platform by signing contracts with a current client to add 30 skilled nursing facilities in Florida and a large allergy and respirology clinic in Texas. This expansion is expected to onboard over 41,000 new patients at an average revenue of $65 per patient per month with a 75% gross margin. The company anticipates adding more than 5,000 patients from the clinic by year-end and an additional 36,000 patients annually from the nursing facilities. The skilled nursing facility market is projected to grow significantly, presenting a substantial opportunity for Reliq's innovative virtual care solutions.