QS Energy Inc (QSEP)

[moorea9]

PE = 10 is a conservative PE and thus applies to stable and stagnant revenue from a year to the next one. When revenue is on a steep curve, the market usually applies a PE on forward revenue (or in other terms the PE for the first years could be much higher than 10). Which means we may see a PS of 10 very quickly even though there have not yet been the corresponding number of contracts or pipelines fitted with AOT. The concept of "Fair share of additional revenue" is indeed imo the right way to market the AOT.