NIA sent out an update on Reliq Health Technologies (TSXV: RHT) late this afternoon with it trading up by 23.4% to $0.58 per share. RHT closed today up by 37.63% to $0.64 per share! RHT successfully surpassed its 50, 100, and 200-day moving averages in a single day!
The last time that RHT surpassed its 200-day moving average to successfully close above all three moving averages was on December 16th when RHT gained by 24.07% in a single day. After RHT's breakout on December 16th, it gained an additional 58.82% over the following eight trading days!
Ever since NIA's suggestion of RHT on February 2nd at $0.44 per share the company has consistently met or exceeded our expectations! RHT has successfully achieved its targeted revenue run rate for the end of June 2021 of $1.5 million per quarter, which equates to profitability! The current quarter ending September 30, 2021 will be RHT's first full profitable quarter!
RHT's business is building huge momentum as the company rapidly onboards patients at an accelerating pace! RHT remains on track to generate $11 million in revenue this calendar year with huge gross margins of over 75% and EBITDA margins of over 45%. RHT is becoming an exponential growth play and expects to exit December 2021 at a revenue run rate of $2 million per month or $24 million annually!
RHT is well positioned to uplist to the NASDAQ in early 2022. With RHT's current clients the company has over 200,000 patients under contract to be onboarded over the next 18-24 months, representing over $120 million in recurring annual revenue at full deployment!
NIA's previously announced exponential growth plays Voyager Digital (CSE: VYGR), Hello Pal (CSE: HP), and Organto Foods (TSXV: OGO) have all become huge winners for NIA members!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from RHT of USD$40,000 cash for a six-month marketing contract. NIA received compensation from VYGR of USD$60,000 cash for a one-year marketing contract which has since expired. NIA has received total compensation from HP of USD$65,000 cash for an eight-month marketing contract. NIA has received compensation from OGO of USD$30,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.