Need to keep in mind that Wi-Max is beginning and ALVR has one of the few solutions deployed all over the world. With that in mind one should consider is revenue growing qtr over qtr. For the first three qtrs of 2007.
Q1: 52.1 million Q2: 57.5 million Q3: 60.6 million Q4: projected 61-65 million.
Nice revenue growth should drive profitability. The price spike was due to Wi-Max hysteria. It would be nice to get more of that with real adoption. ALVR seems to have most of the world under its domain execept the US.
I noted that revenue fell from Jan 05 to Jan 06. But the gist of the story must be about EARNINGS.
It's only gotten much more difficult for ALVR since the beginning of this year. That's obvious. Meanwhile they are giving away pilots all over the planet, so that other vendors will eventually reap this market...if it happens at all to the extent predicted.
I don't see why the valuation should rise, but I'm willing to listen.