| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| AMPX | ENVX | OPTT | CYBL | PPSI | | SES | |
| NYSE:AMPX | NasdaqGS:ENVX | NYSEAM:OPTT | PINC:CYBL | NasdaqCM:PPSI | | NYSE:SES | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | NM- | NM- | 54.3% | NM- | 2.1% | | NM- | |
| 3Y CAGR | 105.8% | NM- | 66.1% | NM- | 7.7% | | NM- | |
| Latest Twelve Months | 167.0% | 201.9% | 24.0% | 136.5% | 105.8% | | NM | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -401.8% | -4215.1% | -860.4% | 5.7% | -22.9% | | -3387.8% | |
| Prior Fiscal Year | -427.6% | -2525.2% | -1028.7% | -16.6% | -63.3% | | NA | |
| Latest Fiscal Year | -183.7% | -870.5% | -532.2% | -2.8% | -22.9% | | -5355.3% | |
| Latest Twelve Months | -183.7% | -870.5% | -343.0% | -2.8% | -22.9% | | -1420.3% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 11.77x | 53.45x | 10.70x | 0.66x | -0.45x | | 18.58x | |
| EV / LTM EBIT | -6.4x | -6.1x | -3.1x | -23.9x | 2.0x | | -1.3x | |
| Price / LTM Sales | 12.49x | 56.70x | 12.00x | 0.41x | 1.34x | | 47.98x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | -0.45x | 10.70x | 53.45x | | | | | |
| Historical EV / LTM Revenue | 0.00x | NM | 0.00x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 13.40x | 14.10x | 14.81x | | | | | |
| (x) LTM Revenue | 8 | 8 | 8 | | | | | |
| (=) Implied Enterprise Value | 105 | 110 | 116 | | | | | |
| (-) Non-shareholder Claims * | 230 | 230 | 230 | | | | | |
| (=) Equity Value | 335 | 341 | 346 | | | | | |
| (/) Shares Outstanding | 364.9 | 364.9 | 364.9 | | | | | |
| Implied Value Range | 0.92 | 0.93 | 0.95 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.92 | 0.93 | 0.95 | | 1.03 | | | |
| Upside / (Downside) | -10.8% | -9.3% | -7.9% | | | | | |