Over the weekend I came across a report from GS talking about ILMN - a competitor to ARYC. They were very bullish on the industry and ILMN in particular.
Two things stuck out.
1)They had a table with the big players in this area and there was no mention of ARYC.
2)the second thing I noted was the sales multiple in this sector is 8.
So assuming ARYC has revenues around $6 million. An 8 multiple puts ARYC's market cap at $48 million. With about a billion shares outstanding that could give ARYC a .048 pps.