An acceptable market cap for EWSI is tricky.  But

An acceptable market cap for EWSI is tricky.  But, based on rev growth the PPS is way the heck off.  I think the market cap could easily carry 60 - 80M after the 2TRG acquisition.  This would place the PPS in a 20 - 30 range.  Market cap can be tricky for a growth company like EWSI.  I look at the potential market, current growth, projected growth, operating costs, and gross margins as primary indicators for true value one year from now.

I think EWSI does at least 100M in gross revs 2014.  With a 25 percent gross margin as indicated in Q3 moving forward, then we would get gross margin cash flow of a little over 2M per month.  Current operating expenses are a little under 1M per month.

A reasonable outlook for a unique company like EWSI would be to place a market cap equal to one year forward looking rev projections.  If it's 100M like I think it will be then at 1X gross revs and 300M shares O/S we'd be trading around 33 PPS.  If they can show continued growth in revs and a stabilization of important factors such as gross margins, then it gets really interesting as we can start to apply more than 1X multiple to the projected growth.  JMO of course.

CPST is a prime example of a company trading over one dollar per share that has never turned a profit.

Twitter is a prime example of wall street taking advantage of a situation and placing incredible outer space value on their business model, even though they lost at least a half billion dollars the ttm.

EWSI has to continue to show hyper growth.  If they do that then bigger money will take notice.  I actually believe potential cash flow positive by Q2 2014!

Anyway...just my two cents.