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Reliq Health Technologies (RQHTF) CEO, Lisa Crossley on Q2 2020 Results - Earnings Call Transcript

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Reliq Health Technologies Inc. (OTCPK:RQHTF) Q2 2020 Earnings Conference Call March 3, 2020 9:00 AM ET

Company Participants

Lisa Crossley - Chief Executive Officer

Conference Call Participants

Lisa Crossley

Welcome to Reliq Health Technologies’ corporate update. Today is March 3, 2020 and this is a review of our Q2 quarterly financials as well as an update on subsequent events. My name is Lisa Crossley and I’m the CEO at Reliq Health.

A reminder, this disclaimer is at the beginning of all of our presentations, there may be statements in this presentation that constitute forward-looking statements. Please interpret them within the context of this disclaimer.

A reminder for those of you who have been part of these webinars before and a little introduction for those you that haven’t, Reliq is a healthcare technology company, a software-as-a-service platform. We’re headquartered in Hamilton, Ontario, Canada and we have U.S. offices now in Florida and in Texas.

The webinar agenda for today, first I’m going to go through some highlights from our Q2 fiscal year 2020 financials, so that would be from October 1 to December 31, 2019. I’ll go through a quick review of some of our new contracts that we’ve already disclosed. I’d like to review some of the behavioral health billing codes to provide some context around the contract we announced yesterday. I’ll review our call center support services because they are a really key component of our business model as we move forward, particularly with the larger accounts. We’ll provide an update on guidance and then very briefly touch on the date for the next quarterly update webinar.

For the Q2 fiscal year 2020 financials, the highlights are that revenues increased by 56% over Q1 fiscal year 2020. The company came very close to hitting cash flow positive, but there were several significant one-time

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