You may be right hopefull that OBJ could earn less then 1 mil in 2015. But that is enough to make the company cash flow positive.
OBJ is not a blue chip. For a tech stock, You dont need big revenues to justify an MC of 160mil. I can give many examples of tech stocks with MC of 100mil plus that run at a loss. If OBJ can show a profit on its cash flow statement, that sets it apart from the rest of the crowd.
SMH article about Biotechs, page-43
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