CKYS is just scratching the surface on the potential IMO.
If they start landing contracts with Volvo, Nokia, etc this stock will demand a P/E a lot higher than 20. Fast growth tech stocks always do!
I've stated in the past that CKYS is most likely off on the EPS figures, but it does not change the fact that this stock is way undervalued (as you stated). Just being PROFITABLE is a good sign for a penny stock.