So, what's Reliq's potential based on market share? As noted on RHT's website, in 2016 over 38M Americans qualified for virtual care. At 2% annual growth, that would be about 42M Americans in 2021. For each 1% of the market that Reliq garners, that would add about 420k patients to the platform, which times 2.5 cents** per 1k results in a value of about $10.50.
How likely is a 1% market share (420k patients)? Well, the backlog is probably north of 250k now, they're adding probably >100k patients per year in regular contracts, plus there are some larger (200k to 1M?) ones in the works, so it seems likely a bigger than 1% market share will be achieved, possibly 5% or more.
So, 1% gets you a value of $10.50.
And, 5% gets you a value of $52.50.
You choose a market share and see what it gets you.
I'm thinking we're just starting to scratch the surface here.
**By the way, some folks think the 2.5 cents/1k patients estimate is quite low.