I look at 2023 as an incredible year for WBT to consolidate on 6 years of well planned tech development.
Even with a great product time is always needed to set a solid foundation for creating a position in the market you are aiming for.
This year WBT will be putting the building blocks in place to become a key player in this disruptive NVM market.
To me, at this stage, revenue will not drive the share price.
After a year or so expected revenue will become more important.
The smart money has arrived and the rise in price only reflects what WBT has achieved over 6 years of development --the building blocks are well in place.
Key milestones met this year will only further drive up the appeal to key investors.
Remember the market cap is still only some $US800 mill--no reason why this cannot still continue its upward momentum over 2023.
I suspect a figure off $US 2 bill is still quite achievable.
With the management and board WBT has the share price will not be the driver--getting the company in the right position will sort this out.
This is exactly the approach you want to see if you are a long term holder
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