MVCO: current backlog is $92.6M. The most important thing here is how the trend will be, instead of how good the fundamental of MVCO is.
The market is eagerly looking for future winners and ignoring the hidden problems, when bulls are in control. Look at TIII and ATEA. Both reported a great quarter, however, it's due to some one-time events. I'm pretty sure that their revenue and income won't sustain, but people just ignored the facts and pushed the share price like crazy.