HMD Chart, page-337

Although I really don't care about KTD, maybe you should read the overall results rather than just the highlights reel.

Whilst their revenue has increased - their gross margin is getting worse. So they are spending a tonne of money to pull in that revenue. The growth for KTD won't ever be exponential but rather steady increase as they ramp up production (which they spent a tonne of money on last year, hence the jump in revenue). Whilst they will continue to grow their revenue, it's just not overly profitable currently as shown by their results and negative EBITDA even after the jump in revenue. This profitability limitation is being factored in by the market and hence their lower valuation.

HMD on the other hand could see exponential growth in the future should their trials prove successful. Which is being factored in by the market, hence the higher valuation for HMD.