The imprimatur of the US military is a massive validation of the company. Jumping through that hoop is no trivial challenge and takes the company into very large markets. On current contract volumes the stock might look overvalued, but US military endorsement implies a substantial additional value. It should also open doors to sizeable opportunities represented by other Western militaries. These factors suggest to me a $70m mkt cap is far from expensive.
AL3 Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
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