Something is not right if you look at revenue- it was 10.8 M...

Something is not right if you look at revenue- it was 10.8 M 2021 (1.8 M 2020)- how can that render a valuation of 29.4 M? I do not get it.
The value of the company is not in the earbud it is in the data it collects and the system that is built behind that. Check out the HP health care solutions or any of the big companies' health side. With an ear device, there is much more that can be collected and developed if one has access to capital. So the HP deal may be the game-changer that everyone has waited for but the market cannot see or understand yet.