Solei Systems Inc. (fka SOLI)

[MWM]

Revenue Estimates!

Repost of daiello's excellent estimations! Had some people asking me so I dug it up...

Revenue Estimates:

Obviously this is all speculation, but what I did was took specific data points from the Teladoc 10-K for 2018 and utilized the known data from CareClix to try and get a revenue number. CareClix might have a different model but I think it just goes to show how valuable CareClix could be.

84% of Teladoc's revenue is generated from subscription based fees. Of the $417.9M in revenue, $351.0M is related to the 22.8M subscribers. That would put the revenue/subscriber at $12.58.

For CareClix, the most recent member stats I could find were from 2016 showing 3-3.5M.
https://www.directrecruiters.com/dri-recruiter-insights/page/5/
https://www.pcsb.org/cms/lib/FL01903687/Centricity/Domain/608/Health_Plan_Tools-02-16-2016_FINAL.PDF


Teladoc had an increase in memberships of 33% from Dec 2016 to Dec 2017 and 11% from 2017 to 2018 (not including acquisitions). Assuming the same growth for CareClix that would put us around 4.4M members (utilizing 3M starting point).

4.4M members at the $12.58 rev/sub value would put us at $55M in revenue. Don't forget the remaining 16% for paid visits (which for Teladoc increased 80% yoy) so $55M / .84 = $65M.

Teladoc trades right around 10x revenue, which for CareClix at $65M could mean $650M market cap or $5.55/share.