Oct. 20 at 4:09 AM
$GKPRF
What needs to happen for the rerate:
Here’s what will trigger that rerating sequence:
Milestone
Market Reaction
🔹 First quarter of clear profitability (likely next Q or two)
Funds model EPS — valuation moves from sales multiple to earnings multiple.
🔹 NYC Transit / MTA contract win (>
$80 M potential)
Confirms leadership → multiple expansion (4× sales → 6-8×).
🔹 Alstom installs publicly rolling out
OEM validation → institutional credibility.
🔹 Hitachi approval announced
Second OEM → global footprint → strategic rerating.
Recurring software surpasses 30 % of revenue
Market starts to price as a data platform vs hardware.
Once two or more of those occur, the market narrative changes from
“small camera integrator”
to
“critical-infrastructure data-platform leader.”
At that moment, a
$10 + share price (≈
$900 M USD market cap) is not aggressive — it’s actually fair for a company growing 60-80 % with 50 %+ margins and global OEM adoption.