KelTec is sort of the Ryobi of the gun world.
Ryobi sees a need for a niche tool and is like, “yeah we can make that.”
A lot lot professionals and people who use their tools everyday look down their noses at them - and maybe with good reason for the typical professional use case.
But the thing that Ryobi (and here KelTec) understands well is that they’ll never get much of the professional market - so they don’t waste their bandwidth there. Instead, they go after the DIY crowd at a DIY price and crush it.
I think KelTec plays a smart game seeing a niche for hi-cap pistols in states with magazine bans and are like, “oh we can do that.” They’ve sold enough PMR30s over the years to have a platform to build on. But, there’s no reason they couldn’t start with the 5.7x28 today and pivot to 9mm or whatever tomorrow.