This thing isn't dead just yet, apparently:

Still glad I sold out at ~$1.36 a few years ago (at a sizeable loss).

I'm still not sure of the relevance of their products these days, but with the company now guiding for $18-25m in EBITDA for FY24, the company was (prior to today's pop) on ~4x EBITDA and currently 5.2x

It piques the interest of my inner value investor, but that guy has led me into a number of poor investments. Sometimes things are cheap for a reason.