they did $1.2MM in 2012. if 2013 was truly an anomaly due to poor capital mgmt that left them cash crunched - then that should be the real base. take that, the backorders, unmet demand, and $1MM from Japan in 2014 and that could realistically provide $3MM in revenues for 2014. at 133MM outstanding shares - $0.10/share gives market cap of $13.3MM which is very reasonable for an emerging company with $3MM in revenues and, probably, limited net income due to accrued debt.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.