Funny Flowserve is up since that earnings report you say was the nail in the coffin and still carry a revenue multiple over 1x with high debt loads.
Meaning that MVNT needs only $5M in annual revenues to still be undervalued
And frankly if they have a somewhat clean balance sheet and can get revenues at a decent level over the next year they would be a buyout target for firms trying to boost revenues.
But who cares about the actual details in the land of OZ