Reliq Health Technologies
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Reliq Health Technologies (RHT) investor relations material

Reliq Health Technologies has been delisted

Reliq Health Technologies Investor Update summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Reliq Health Technologies Inc
Investor Update summary29 Aug, 2024

Corporate and trading status

  • Currently under a Cease Trade Order, with trading suspended until financial statements are filed and compliance is restored.

  • Recently moved from TSX Venture to NEX Exchange, with trading symbol changed to RHT.H; no change to company name or identifiers.

  • Plans to reapply for TSX Venture listing once financials are filed and standing is restored.

Financial and operational highlights

  • Achieved several profitable quarters and expects continued client and patient growth.

  • Maintains strong long-term margins: 70% gross margin and 40% EBITDA margin targeted for 2025.

  • Adds about one physician practice per week and has expanded into respiratory therapy and pediatric monitoring.

  • Over 500,000 eligible patients under contract, with a focus on converting them to billable patients.

Strategic priorities and outlook

  • Key deliverables for 2024: timely filing of financial statements and improved corporate communications.

  • 2025 focus shifts to profitability and cash collection, with cost control and maximizing billable patients.

  • Launching a new version of iUGO Care in 2025, designed for easier updates and lower operational costs.

  • Plans to expand mental health services, grow in existing geographies, and define an AI/machine learning roadmap.

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    Frequently asked questions

    Reliq Health Technologies Inc. is a healthcare technology company specializing in digital health solutions for the remote management of patients. The company provides a software platform that enables healthcare providers to track and manage patients with chronic conditions outside of clinical settings. Its platform offers features such as remote patient monitoring, care coordination, and telemedicine services, helping to improve patient outcomes and reduce hospital readmissions. Reliq Health primarily serves healthcare organizations, clinics, and home care providers, facilitating better care management for chronic disease patients. The company is headquartered in Hamilton, Ontario, and its shares are listed on the TSX.