That’s good news…
“Looking ahead, Ultrahuman is on track to surpass $100 million in annualized revenue run rate (ARR) by the end of 2024, a milestone that will be achieved profitably. "Our ability to make long-term manufacturing investments, supported by our profitability, is unique in the smart rings market," Mohit Kumar noted.”
The company based in India is private. The publicly traded company as you noted may very well benefit as well. Seems like there is plenty of room right now for expansion. The potential for LQMT to benefit is enormous if they are in fact still in the game with the ring company that added a quarter of a million in two quarters based on the first B2C rollout. Add to this another B2C followed by a B2B rollout and both companies can break away from their lows and perhaps hit new highs. This is a billion dollar industry.
Good luck to you.
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