Respiri (ASX:RSH) signed agreements with Hawaii's Skilled Nursing Facilities and Liliha Healthcare Center and Care Center of Honolulu for the transition of patients to home care through its cloud-based patient-monitoring product, potentially generating roughly $1 million in annualized revenues, according to a Monday filing with the Australian bourse.

The revenue estimate is based on a 33% patient recruitment rate. If 100% recruitment is achieved, the e-health company could fetch as high as $2.4 million, the filing stated.

Patient recruitment will begin in October. It is expected to contribute revenue to the company's goal of monthly profitability by the end of the year. The deals have an initial term of three years, with automatic annual renewal.

Respiri's shares were up nearly 9% in recent trade.