Compare like with like
Companies use different approaches and performance measures. A large headline metric is not automatically comparable with a competitor’s result.
Demonstration versus useful work
A laboratory result, a pilot project and a repeat-paying customer represent different milestones. Claims about practical advantage need context about the task and the alternative being compared.
Time and funding
Research takes money. Cash use, financing needs and potential dilution matter when commercial returns are uncertain. A large possible future market is not the same as current demand.
How I would follow it
Read original technical explanations alongside financial reports.
Further reading
Personal view only. Not investment advice. I may hold assets discussed, and my views or holdings may change. This is not a recommendation or a complete investment assessment.