XPE General Topics, page-3122

IOT really isn't that comparable at all, they have 1 product so far in pretty much a completely different industry. RAP is the most similar (there really isn't any actual competitor or similar company though) as it has high costs of research, development and approval, followed by eventual revenue.

If you do some basic calculations with estimates based on the price per chip they have previously mentioned, multiplied by 3+ chip manufacturer deals (Telink, Intel and whichever other one we end up with), XPED could easily be pulling in millions of dollars revenue per month before too long, which does not carry production expenses or any other marginal costs, meaning it could within a few years make more profit than the current lower end ASX200/300 entrants.

RAP is much higher currently for similar reasons - good prospects and quite de-risked, and maybe just the market 'understands' what it is a bit better than ADRC.