Just to play the armchair investor game... With 2000 customers, what might be their annual revenue (they say in the millions)? $2-4 million? Their evaluation

Just to play the armchair investor game... With 2000 customers, what might be their annual revenue (they say in the millions)? $2-4 million? Their evaluation must be a huge multiple of revenue. I therefore imagine their belief is they have conversion down so now it is time to buy marketshare?