Amazon is profitable and Twitter and Snapchat's high valuations are based on their large number of users that investors/ speculators are hoping will one day be monetised. Don't think they are comparable.
But I do agree with you that a lot of tech companies are valued based on potential. However, Envirosuite has yet to prove itself or its potential after failing to secure anything meaningful with Thames Water after a 1 year trial. I am hoping they will be more successful in the US. Fingers crossed for all of us and wish management would be more forthcoming with progress announcements.
All the best.
Ann: Sale of Consulting for $15 Million, page-40
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