If revenue can be increased by 10% and margins held steady, AZV should report a profit between $2.5-3M for FY16 (forward PE of 6-7). Whilst 2015 was a shocker, it did include close to $1M of provisions which should be a one-off. They also have $1.5M in free cash flow so market appears to be ignoring potential (not that you can blame them based on profit downgrades and director selling during the year).