I agree.. If MBE was unprofitable it might have triple the...

I agree.. If MBE was unprofitable it might have triple the market cap. Lots of tech stocks I follow that have good growth prospects and are profitable are valued lower than others based on revenue multiples etc.

When PE comes into play it's a lot easier to value a company... There's no fantasy "what ifs" to calculate to justify investing. Ironically it gets valued like a boring old profitable company.

Does not make sense but it's the way it is