It wasn’t until this week’s season premiere of “Ted Lasso” that I really realized the opposite of an “under dog” is a “top dog.”
People love a good “under dog” story, but just like investing, it’s only a good story if you win in the end. But on the other end, “too big to fail” only seems to be said when things go awry (like financial stocks).
Reliq Health Technologies Inc. (TSXV:RHT) has added 40 new skilled nursing facility clients in California, Florida and Pennsylvania.
These clients are expected to add 4,000-plus new patients per month to Reliq’s iUGO Care platform by the end of 2023, or more than 48,000 patients per year at an average revenue of $65 per patient per month.
Dr. Lisa Crossley, CEO at Reliq Health explained that the facilities are very attractive clients for the company because the facilities’ staff, along with Reliq’s implementation team, can train patients on the system prior to discharge from the nursing acility.
“This helps ensure that patients are comfortable and confident in their use of the iUGO Care platform before they even leave the facility. As a result, we have already documented mote than 70 per cent adherence in these patients post-discharge, with adherence expected to reach an average of more than 80 per cent over time as patients gain further experience with the platform. By the end of this calendar year, we expect to be adding 4,000 patients per month to the iUGO Care platform through these facilities, at an average revenue of $65 per patient per month at 75 per cent gross margin.”
Telemedicine is where the health care and tech sectors meet.
Datametrex AI Ltd. (TSXV:DM) has a well-established business helping serve patients with its Medi-Call mobile application. The company also utilizes leading edge platforms for any business and is launching a beta program for its new Analytics GPT software via its artificial intelligence subsidiary, Nexalogy Environics.
The program offers small to medium enterprises the opportunity to sign up for exclusive access to Nexalogy’s Analytics GPT software.
AnalyticsGPT reduces the time needed to interpret and integrate large sets of data by offering powerful automated analyses. AnalyticsGPT extracts the relevant data and produces automated reports, allowing clients to work with a more manageable information set.
Participants will have the opportunity to learn more about how the A.I. behind the software works. They will receive details on key elements and use case examples. This will demonstrate how the tool can gather and analyze large sets of data and provide actionable insights.
Another company combing through a lot of data is New Found Gold Corp. (TSXV:NFG), who is returning new, high-grade gold at its Queensway Project.
The Vancouver-based mineral exploration firm hit 49.7 grams per tonne of gold over 29.9 metres on its flagship project, located near Gander, Newfoundland.
The company recently released the latest set of results from its 100-percent-owned flagship property.
The latest results come from the project’s Iceberg Zone along the existing high-grade Keats Main Zone. Both areas are along the Appleton Fault Zone. The project covers 1,662 square kilometres with road access.
The recent step-out drilling also returned 14.6 grams per tonne over 3.8 metres. Results stem from step-out drilling, over 50 metres in strike length.
The company is in the midst of a 500,000-metre drill program at the Queensway Project, and approximately 53,000 metres of the core is currently pending assay results.
One thing that is abundantly clear is that every week has brought new stories, and new companies, to the forefront. What potential diamond in the rough will the Bullboards find next week? For previous editions of Buzz on the Bullboards: click here.
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