Excellent valuation, trading at <2x revenue run rate, recent industry sales are at 8-10x revenue.
Consolidated in the industry. ESL bought for 1.5B by Saudi family, Activision Blizzard bought for 68B by Microsoft. Massive premiums.
ESE reported 200k of revenues Q1 2021, in Q1 2022 it reported $8M+. A major recent acquisition is not included in the financial results yet, and the company has a line of sight to near term profitability.