HYGS results show you then need 11 and change million in quarterly revenue to be profitable. Potential backlog of 100 million would be over $1.3 in eps. PLUG or BLDP should buy them for $50 ($550 million mkt cap) and they will be stealing it on every metric (see my article) and giving themselves a much larger market.
Disclosure: The author is long HYGS.
Additional disclosure: and plans to trade it actively