People don't buy Apple, Tesla, Coca-Cola, etc because they made money today, they buy them because they expect them to make money tomorrow. Past earnings help provide guidance and create expectations, but future potential weighs heavily into pricing of a stock. If a company with 100 shares makes $0 today but will make $100M tomorrow, what price are you willing to pay today? Surely it's more than $0. Even though today they make $0, tomorrow is a different matter entirely.
Ironically, in your post questioning the sanity of the price, you highlight how easy the math works out to justify an astronomical price expectation. With only 107M shares and the high margin nature of the product, it won't be hard to make a huge move in price. The goo is positioned nicely in $60B+ of industries. If they are able to capture just 10% of the market, that's $6B in revenue. Assume a conservative (for what we are producing) 30% margin, that's $1.8B in profit, or ~$17/share. At a non-growth P/E of 20, that's $340/share. Toss in that 10% market share is very low and a 20 P/E on an obvious growth company is exceedingly low, and the numbers get even higher. If they capture a miniscule 1% of the market, it justifies $34/share today. Those are at low market share, low margin, and low P/E. Use numbers more in line with the rest of the market for what we are, and it only goes up.
LWLG's position is incredibly strong due to the low share count, the tech offering exactly what it's customer's need (much higher speeds at much lower energy requirements), and the tech being that much better than the competition. Throw on top of that the fact that the bleeding edge testing equipment isn't even able to measure the top end speed of the tech, and we have ourselves not only a fistful of money in the near term, but staying power to push for next generation(s) of product speeds.
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