The targets for these milestones shares have been set extremely high, they have seriously raised the bar here. I have not seen milestones this hard to get. The KTG BoD must be very confident and must hit the ground running post listing.
2nd milestone for $60m cumulative revenue within 2 years, not from K-Tig unit sales but pay per weld or Weld as a Service. They must be anticipating huge weld volumes to generate this cumulative revenue. Similarily to the 3rd milestone o $15m EBITDA within two years.
If they do hit those numbers and K-Tig is profitable, I would think $500m is a better valuation as those numbers are pretty serious
Maybe repost this on the KTG thread.
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