I like having negative posters because it helps to keep things balanced. You seem to be focusing on the past and present. Investors are focused on the future. For example, in 5 years, and using conservative prices, I can see this scenario:
1 million pulse devices leased to doctors around the world at say $20 per month = $240m per year revenue.
1 million pulse devices owned by consumers at say $5 per month = $60m per year revenue.
100k Band devices owned by consumers at say $5 per month = $6m per year revenue.
Clinical trials at say $10m per year revenue.
So that adds up to... gets out calculator... $316m per year revenue. With a profit margin of at least 50%, it's $158m per year profit. Of course, this doesn't include upfront sales of the consumer devices, but those will be one-off payments. So even at a 10x profit valuation, it can get a $1.5b market cap, which is at least 15 bags from here. Typically, the market sees growth and potential and values such companies at a much higher multiple than that.
BTW, new unpublicised products are in the pipeline.
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