Ann: Investor Presentation, page-18

$15m MC with $10m cash in the bank coming in = $5m EV

$3.1m revenue in 2023, which will continue to grow significantly in 2024.

Yes the company is making a loss. However as revenue increases the losses will become smaller. A tech business does not operate cash flow positive from day one. There is alot of development costs etc

Maybe look at companies like BRN, 4DS and WBT

$200m MC to $800m MC companies, that generate between $33k to $230k in a year and have significant losses. BRN posted a $29m loss.

W2V is in a much better position.