There are plenty of companies out there with no product yet, but with promising tech and/or products in development. There are also companies out there with a product that is far from a proven profitable business model. The market, absent the suppressant effects of a short, gives them the benefit of the doubt regarding their efforts, and there are many heady valuations out there for "on the come". Just imagine what improper, scummy (distinct from those legally expressing an opposing view) shorts and their ilk do to the physical and emotional well-being of targeted management, shareholders, and company employees.
Anyway, prospectively this will be a moot point within a reasonable amount of time. MyCadian watch, Cura software and Z Coach are all products now. 8 beta trials are scheduled to start across 7 industries, at least some in July. I understand the company is to take delivery of 1,000 MyCadian watches for inventory. Initial subscription revenue for Z Coach was booked in Q1. The MSOE test of the hydraulic pump reportedly went "very well". The valve breakthrough for the pump is either patented or patent pending. The company reported MSOE validated their mathematical models across the full power range of the fixed pump, with efficiencies and performance matching the models. The bi-directional reversible drive for the fixed motor is projected to be fully ready in 8 to 12 months. 3 new sales VPs, 3 operations experts (from Pictometry), and a sleep fatigue advisory board of academics and practitioners just joined the effort. Etcetera....
