VLN → $4.30 by Sep 17, 2026.

\- 💰 Insane Margins → Q1 Gross Margin 62–65% (well above guidance) \- 📈 Sequential Growth → Q1 revenue $16.9M, Q2 guide $17.2–17.6M, FY target $75–77M (+10–12% YoY) \- 🏦 Strong Balance Sheet → $86M cash, zero debt \- 🌍 Global Clients & Partners → Mercedes-Benz, Mobileye, Sony (real customers) + Samsung, Intel, Qualcomm (tech partners) \- 🎯 Valuation Gap → Market Cap \~$240M, analyst target \~$4.3 (≈85% upside from \~$2.3) \- ⚖️ Bull vs Bear \- Bull: High margins, …