It's not obvious to me why price was a function of earnings in a situation like this, the goal of the purchase seemed to be to save resources of developing the tracker inhouse and save time building up a customer-base, earning seems mostly irrelevant in this case.
If the codetree was looking to raise funding, it seems like a reasonable metric for valuation.
If the codetree was looking to raise funding, it seems like a reasonable metric for valuation.