Did you actually read the article? It is not really well...

Did you actually read the article? It is not really well researched or helpful. From the article: "The company earned royalties of $2m but lost $5.5m"
None of these figures are correct - not even close, with FY17 royalties of only $167k and a loss of $3.0m. Surely we should stick with the facts.

The rest of the article is written quite poorly, to put it mildly. Considering he also writes: "so no doubt investors are looking for evidence of a prettier bottom line.", given the market valuation of $56m, the bottom line has no relevance to the MV.