Shot in the dark here, but perhaps it's the fact that consumer demand is (and has been) so high. Unsure how many orders they have backlogged at this point, but

Shot in the dark here, but perhaps it's the fact that consumer demand is (and has been) so high. Unsure how many orders they have backlogged at this point, but they took money for each of those orders. For all we know, they could have 30m$ in back orders making that valuation pretty reasonable