Do you read the updates? Their largest quarter is the end of the...

Do you read the updates? Their largest quarter is the end of the calendar year and from memory, they expect to do 50%+ of their annual revenue in that quarter.

It's only in the last 3-6 months that Buddy has:

- unlocked vastly better financing for getting production to scale;
- gotten closer to addressing the vendor financing and mixed-supply chain issues with Eastfield (with no a potentially reduced purchase price);
- fixed the very margin issues which Lifx had been using only to scale (i.e. growing revenue 70% YOY but losing money like a sieve) and sell.

I don't know how you're coming up with the market cap you're quoting, noting as well that the managed services business have much higher margins than the lighting.