Loss of confidence in CEO after failing to meet their stated expectations, then I do not believe they addressed it in their CC as well as they could have. They just blamed a lot of macro factors and didn't get in to the details about exactly where in the operations they failed and why.
Just my opinion - and I'm still in because I like the sales etc going forward. Maybe they've learned their lesson about "overpromising and underdelivering"?
I don't consider revenue valuations to be worth a thing. VBDG hasn't turned a profit yet. ZYXI did. And ZYXI was trading as cheap as the .20s before it turned a profit.