Reliq Health Technologies Inc (RQHTF)

[toastturtle]

$RQHTF / $RHT announced a massive contract again. Adding 60K patients to the service annually starting in 2023. The contract today is similar to the contract announced on October 26th where they announce another huge contract of 50K patients to be added to the service in 2023. At the same time they are adding similar numbers from DataSoft Logic annually. They currently have booked commitments for service over 200k patients in 2023 and over 1M patients on contract to be added as clinics and providers are ready.

The growth potential is huge. Their Year end report showed 485% growth Y/Y and they have 2023 income expected to be exponentially more than that. Their business model is primarily SaaS where they earn $40-$80per patient on the service on a monthly subscription basis. They are paid by doctors who get paid by Medicare, medicaid and private insurance to track and monitor people with chronic health conditions in their homes dramatically decreasing the overall medical costs by preventing hospitalization and incidents. Profit margins projected at 75% gross sales.

There are not a lot of clear 10 bagger stocks out there but this is one you need to put on your list. Long holds can expect the company to be bought out within 2 years. Expected and announced for 2023, excess cashflow will be used for share buybacks and they will up list to the nasdaq. Based on their sales trajectory, they will be over 1B market cap by the end of 2023 with a modest PE ratio.