Reliq Health Technologies Inc. (TSXV:RHT or
OTCQB:RQHTF) (“
Reliq” or the
“
Company”), a technology company focused on
developing innovative mobile health (mHealth) and telemedicine
solutions for Community-Based Healthcare announced that the annual
audited consolidated financial statements (“Financial Statements”)
and Management’s Discussion and Analysis (“MD&A”) for the year
ended June 30, 2019, are now available on the Company’s profile on
SEDAR (www.sedar.com). The year ended June 30, 2019,
represents the Company’s 2019 fiscal year. The Company is
also pleased to provide the following corporate update.
As previously announced, Reliq will be hosting a
webinar today, October 29th at 12:00pm EST at
http://bit.ly/2BBUe0B. For those who are not able to attend
the webinar, a recording of the webinar will be available on the
Company’s website immediately following the session. A
written summary of the material updates to be presented in the
webinar is also provided below.
Agenda for Webinar
1.FY 2019
Financial Statements
2.Updated
pricing
3.Forecast
for FY 2020
4.New
clients
5.New
products & market segments
6.New US
Sales office and call center
1. FY 2019
Financial Statements
The annual audited financial statements for FY
2019 (year ending June 30, 2019) have been filed on SEDAR under the
Company’s profile.
2. Updated
Pricing
The Company had previously disclosed that the
pricing for its monthly subscription fees spanned a range of
$15-$50 USD/patient/month, with an average of $25
USD/patient/month. As the Company has continued to add
features to its platform the range has expanded to $20 - $90
CAD/patient/month, with an average of $50 CAD/patient/month.
The Company has decided to report pricing in CAD going forward for
clarity.
3. Forecast
for FY 2020
The Company expects to have 10,000 patients
onboarded by December 31, 2019, 20,000 patients onboarded by March
31, 2020 and over 35,000 patients onboarded by June 30, 2020.
The Company expects to double revenue every quarter through FY 2020
(July 1, 2019 – June 30, 2020).
4. New
Clients
As previously disclosed, Reliq’s Sales team
secured 32 new contracts subsequent to June 30, 2019. The
Company now has clients operating across 15 US States.
Reliq’s clients now include Home Health Agencies, Adult Medical Day
Cares, Physician Practices, Residential Care (Skilled Nursing)
Facilities, an Employer-Sponsored Insurance Plan and a US Pharmacy
Network.
5. New
Products & Market Segments
As previously disclosed, the Company has
launched a new iUGO HOME product that integrates with watch and
pendant-style devices.
As previously disclosed, the Company is entering
new market segments, including Personal Emergency Response, Adult
Medical Daycare, Skilled Nursing Facilities and Pharmacy
Networks.
6. US Sales
Office & Call Center
The Company is opening a US Sales Office and
Call Center in Port St Lucie, Florida to provide paid support
services for its clients, including outreach to patients to
encourage timely collection of vital signs and medication
adherence, and to ensure patients have a sufficient supply of test
strips, lancets and other necessary consumables. The Company
is opening the Call Center at the request of its clients across the
United States who would like to grow their clinical businesses
faster but need access to resources like the Call Center team in
order to support additional patients. The Call Center will be
staffed by a 24/7 dedicated team with extensive experience working
with health plans, clinicians and patients, and comprehensive
knowledge of CMS compliance requirements. Not only will the
Call Center offer paid support services to Reliq’s clients, the
Company has also secured commitments from its medical device
manufacturer partners to utilize the Call Center’s contract
outreach and engagement services. As a result, the Call
Center will be a profit center for Reliq from day one.
ON BEHALF OF THE BOARD
“Dr. Lisa Crossley”
CEO and Director
About Reliq HealthReliq Health Technologies is
a healthcare technology company that specializes in developing
innovative software solutions for the Community Care market.
Reliq’s powerful iUGO CARE platform supports care coordination and
community-based healthcare. iUGO CARE allows complex patients to
receive high quality care at home, improving health outcomes,
enhancing quality of life for patients and families and reducing
the cost of care delivery. iUGO CARE provides real-time
access to remote patient monitoring data, allowing for timely
interventions by the care team to prevent costly hospital
readmissions and ER visits. Reliq Health Technologies trades
on the TSX Venture under the symbol RHT and on the OTCQB as
RQHTF.
For further information please contact:
Investor Relations at ir@reliqhealth.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward
Looking Information
Certain statements in this press release
constitute forward-looking statements, within the meaning of
applicable securities laws. All statements that are not
historical facts, including without limitation, statements
regarding future estimates, plans, programs, forecasts,
projections, objectives, assumptions, expectations or beliefs of
future performance, are "forward-looking statements".
We caution you that such "forward-looking
statements" involve known and unknown risks and uncertainties that
could cause actual and future events to differ materially from
those anticipated in such statements.
Forward-looking statements include, but are not
limited to, statements with respect to commercial operations,
including technology development, anticipated revenues, projected
size of market, and other information that is based on forecasts of
future results, estimates of amounts not yet determinable and
assumptions of management.
Reliq Health Technologies Inc. (the
"Company") does not intend and does not assume any
obligation, to update these forward-looking statements except as
required by law. These forward-looking statements involve risks and
uncertainties relating to, among other things, technology
development and marketing activities, the Company's historical
experience with technology development, uninsured risks. Actual
results may differ materially from those expressed or implied by
such forward-looking statements.
SOURCE: Reliq Health Technologies Inc.
Reliq Health Technologies (TSXV:RHT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Reliq Health Technologies (TSXV:RHT)
Historical Stock Chart
From Apr 2023 to Apr 2024