It does seem ridiculous that the market is valuing this company at only $27m after the first sale. Having said that, it seems that sales will only occur after an interested lab test trails the unit first before fully committing to it, which will result in a slow sales process. But I am sure there will be a point in time where future labs will have full confidence and uptake would be much faster.
Ann: First Commercial Sale of APAS Independence, page-40
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