You have to remember MWR is profitable after 8,000 watch sales....

You have to remember MWR is profitable after 8,000 watch sales. Stocks like Nuheara and Family zone losing between 8 - 18 million dollars per year, and have market caps that are currently 50-70 million and have been >100 million.... all losers. Trying to value a high growth company in its infancy of expansion is ALWAYS going to look expensive when comparing to "normal valuations". But when growth rates are in the 1000% plus its a different story. Even pile of crap IOT got to $>100 million lplus selling dodgey drones in the retail market....... And none of these companies are hardware sales companies WITH a recurring revenue Plus an existing profitable business as a backstop.