#7 Event-Driven LiDAR Play: Trading at Just 1.99x 2028 P/FCF

An Overlooked Contract with Massive Growth Potential Ahead

• Big Contract: $400-600M deal for a $200M market cap company.

• Valuation: Trades at 1.99x 2028 P/FCF.

• Balance Sheet: $43M in NCAV.

• Cash Burn: Cashflow positive by 2026.

• Potential: Midterm 6x return opportunity.

• Ideal For: Open-minded, aggressive value investors.

Over recent years, investments in technology and innovative stocks have been criticized by traditional value investors. In my view, this perspective is misguided.

Innovation is what creates wealth for society and expands opportunities for everyone. This is an indisputable truth.

During the last century, the industrial revolution set the stage for unprecedented progress, and since then innovation has continually propelled our societies forward in ways once unimaginable. It creates excitement, drives humanity ahead, and enriches our shared experience. Without it, not only would value investors suffer, but entire societies would struggle. Hunger and conflict could return as resources become increasingly scarce for a rapidly growing population.

That said, not every valuation is justified simply by the promise of innovation. I still consider myself a value investor, and proper valuation remains essential when analyzing any stock. Yet, if you combine a fair valuation with forward-thinking technology, genuine innovation, robust growth, and positive investor sentiment, I believe you can achieve the greatest rewards.

Let’s now embark in the deep dive.

I hope you find it inspiring, and remember:

True innovation is what will ultimately sustain and uplift us all.