BUB chart, page-325

I thought about responding to your question but decided it was a pointless one in the main. There's no answer to what the growth should be based on one quarter of performance. New businesses take time to prove, they have good quarters and bad quarters especially in the early days. You can use that short term info to day trade, absolutely, but you can't really pick one period and say it does/doesn't justify $150 million (but really pick any number).

People investing today (ignoring the day traders which are probably 90% of hotcopper but not 90% of the register, especially after the latest CR which was insto/high worth) are taking a view that the brand/product and IF thematic will justify the valuation in the medium term.