You should use Enterprise Value in the place of market cap. EV takes into account debt. Just an observation, I don’t follow Semler at all.

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Glad this can reply to you both.

I started digging through their 10k yesterday. Not too shabby at first blush. I haven't seen their debt position too much yet. Wouldn't you just be able to derive something like EV by basics from the balance sheet? Outstanding liabilities etc...?

Maybe more important for nostr:npub1emycpzamqz7fc04tfshj862ypf02wafqrdj6rprzh3mssr3euvmqzs5axc is a question about their actual product. Do you hold this company bc of its btc plans, or bc it has a worthwhile, FDA approved product (which it appears to).