$RQHTF Reports Reveune up 485% Year over Year.
Increased sales 485% to $8,551,807 for FY 2022 relative to $1,462,165 for FY 2021.
Increased revenue from software and services by over 1,940% to $2,739,516 for FY 2022 (FY 2021 - $134,264). Going forward the Company expects the majority of its revenue in 2023 and beyond to come from higher margin software and services vs device sales.
About 3M share short at the moment. First Quarter financial report out at the end of November. Will show significant growth again. This one could see a lot of short covering between now and that report.
Currently doubling sales every 6 months and forecast to continue for the next 12 months. Over 1M clients in the pipeline.
Business model is subscription based health monitoring largely paid for my Medicare and Medicaid. Doctors charge for the service and get paid about 400 a month to use the system. Doctors pay Reliq $60 to provide the service. At that price the subscriptions are roughly 75% gross profit. This service is beneficial to everyone. Patients get better care, Doctors are able to bill for service, Relic makes a good margin.
When people find this one it will take off.
