It is hard to take a glass half full view of the stock but here is my best effort.
the ACMR is running at $10M at this point as announced in January. If they can get a bit more revenue and decrease costs then maybe at the end of this financial year they could break even.
But I guess the tricky part is finding an investor to stump up with another 6 to 10 $M to see them through. If they do then we can expect a huge dilution for the current shareholders.