Right there you are wrong. Look at GWPH, AXIM and other stocks in the same space.
GWPH annual revenues = $10 million (yr ending sept. 2016), MC = $3.1 billion, PPS = $124
AXIM annual revenues = zero (yr ending Dec 2015), MC = 470 million, PPS = $9.14.
(The above figures are from OTC Markets info)
How do you explain the relationship between revenues and PPS/MC above. There is none based on current revenues. Its because market is forward looking, company's products in the pipeline and their potential market shares will have an important impact on PPS and MC.
Go $$OWCP$$
All imho, not an investment advice. Do your own DD.