vs VirnetXJust took a quick look at VirnetX financials for 2019
Revenue for the first 3 qtr., practically zilch! ($50k).
Balance sheet Cash/Investments, appr $5M
They also appear to be selling shares from treasury (1.2M so far in 2019) to raise funds (to cover expenses I guess).
I am not qualified to value patent portfolios and they do have a few large judgements that they are trying to collect on but I find it odd that they have a market cap of US$268M vs QTRL cap of CDN$190M ?
If QTRH was awarded at least an equall market cap, that equates to $3.00/share cdn).
What am I missing?
Does anyone follow this company?
Why the high valuation compared to a QTRH?