Ann: Q2 ARR grows to $52.7 million, page-177

I do believe in share price manipulation but the cold hard facts is they just had a cap raise at 35c in October. So 35c seems to be the number that management and institutional investors currently agree as the company value.
The current value is not excessively off that number.

Growth shares are always a bit of speculation, perceived innovativeness and market perception (sometimes almost regardless of the quantitative indicators). You can only be quite sure of the value when the company starts delivering profits.
I am happy to wait for some positive signs (specially, cost control) to increase the position.