MC is just above the PE value (if sales are $20M) isn't it????
Or maybe PE stands for Price to Earnings(includes things like costs even depreciation as one of those costs) not Price to Revenue (sales) , although tracking revenue is more relevant than earnings at this stage of the company unless you are like me and think being cash flow neutral when one has limited kitty is imperative .
AJX - the future - not past quarter, page-8
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