Firstly at current price with 12m in the bank they are trading...

Firstly at current price with 12m in the bank they are trading on a PE of around 12. Secondly revenue of the 2nd half of the year is always higher than first, not saying it's going to reach 200m revenue, but should get 150-160.
Thirdly the Asian region is projected to become profitable at the end of the year.
Yes they have had struggles which is why it's been killed from around $1.40, but price reaction today imo makes no sense. I personally wouldn't say that this business at 40c is expensive, but will see.