AARD
Valuation Ratios
| Breakdown | 2024-12-31 |
|---|---|
| Price to Earnings | |
| Price to Sales | |
| Book Value Per Common Share | -2.52 |
| Price to Book | |
| Price to Operating Cash Flow | |
| Price to Free Cash Flow | |
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Price to Earnings | -6.27 | -9.94 | -10.58 | |
| Price to Sales | ||||
| Book Value Per Common Share | 5.63 | 6.31 | 6.95 | -2.52 |
| Price to Book | 2.36 | 2.14 | 1.08 | |
| Price to Operating Cash Flow | -6.72 | -11.12 | -8.70 | |
| Price to Free Cash Flow | ||||
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 |
|---|---|
| Earning YoY | |
| Revenue YoY | |
| EBITDA YoY | |
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | ||||
| EBITDA YoY | ||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 |
|---|---|
| Cash Per Common Share | 3.44 |
| Quick Ratio | |
| Current Ratio | 15.05 |
| Debt to Equity | -2.42 |
| Long-Term Debt to Equity | -2.33 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 6.69 | 8.12 | 11.47 | 3.40 |
| Quick Ratio | 11.99 | 13.98 | 25.71 | |
| Current Ratio | 12.03 | 14.04 | 25.86 | 15.05 |
| Debt to Equity | 0.09 | 0.08 | 0.04 | -2.42 |
| Long-Term Debt to Equity | 0.00 | 0.00 | 0.00 | -2.33 |
Profitability
| Breakdown | 2024-12-31 |
|---|---|
| ROA | -26.56 |
| ROE | 37.68 |
| Gross Margin | |
| Operating Margin | |
| EBITDA Margin | |
| Net Profit Margin |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| ROA | -30.02 | -16.05 | -5.93 | -11.33 |
| ROE | -32.68 | -17.29 | -6.18 | 16.07 |
| Gross Margin | ||||
| Operating Margin | ||||
| EBITDA Margin | ||||
| Net Profit Margin |
Dividends
| Breakdown | 2024-12-31 |
|---|---|
| Dividend Yield | |
| Dividend Payout Ratio |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 |
|---|---|
| Assets | 77,507.00 |
| Current Assets | 74,137.00 |
| Cash and Short-Term Investments | 73,663.00 |
| Cash and Cash Equivalents | 61,641.00 |
| Short-Term Investments | 12,022.00 |
| Net Receivables | 0 |
| Inventory | 0 |
| Other Current Assets | 474.00 |
| Non-Current Assets | 3,370.00 |
| Property, Plant, Equipment Net | 735.00 |
| Goodwill | 0 |
| Intangible Assets | 0 |
| Long-Term Investments | 0 |
| Non-Current Deferred Assets | 0 |
| Other Non-Current Assets | 2,635.00 |
| Liabilities | 132,150.00 |
| Current Liabilities | 4,927.00 |
| Payables and Expenses | 3,693.00 |
| Account Payables | 2,298.00 |
| Current Accrued Liabilities | 1,395.00 |
| Short-Term Debt | 338.00 |
| Other Current Liabilities | 896.00 |
| Non-Current Liabilities | 127,223.00 |
| Long-Term Debt | 441.00 |
| Other Non-Current Liabilities | 126,782.00 |
| Equity | -54,643.00 |
| Shareholders Equity | -54,643.00 |
| Capital Stock | 0 |
| Share Premium | 3,684.00 |
| Retained Earnings | -58,327.00 |
| Treasury Shares | 0 |
| Accumulated Other Comprehensive Income | 0 |
| Minority Interest | 0 |
| Debt | 779.00 |
| Common Shares Outstanding | 21,688.17 |
| Breakdown | 2024-12-31 |
|---|---|
| Interest Income | 2,414.00 |
| Non-Interest Expense | 5,305.00 |
| Operating Expenses | 22,668.00 |
| Selling, General and Administrative Expenses | 5,305.00 |
| Research and Development Expenses | 17,363.00 |
| Operating Income | -22,668.00 |
| EBT | -20,588.00 |
| Income Tax | 0 |
| Net Income Including Non-Controlling Interests | -20,588.00 |
| Net Income | -20,588.00 |
| EBIT | -22,668.00 |
| Deprecation and Amortization | 16.00 |
| EBITDA | -22,652.00 |
| EPS | -0.00 |
| Diluted EPS | -0.00 |
| Average Shares Outstanding Basic | 21,384.38 |
| Average Shares Outstanding Diluted | 21,384.38 |
| Breakdown | 2024-12-31 |
|---|---|
| Operating Cash Flow | -18,087.00 |
| Operating Net Income | -20,588.00 |
| Deprecation and Amortization | 16.00 |
| Deferred Income Tax | 0 |
| Share Based Compensation | 439.00 |
| Change in Working Capital | 1,573.00 |
| Other Operating Activities | 473.00 |
| Investing Cash Flow | -11,998.00 |
| Capital Expenditure | 0 |
| Net Purchase/Sale of PPE | -109.00 |
| Net Purchase/Sale of Investments Net | -11,889.00 |
| Net Purchase/Sale of Business | 0 |
| Other Investing Activities | 0.00 |
| Financing Cash Flow | 81,991.00 |
| Net Issuance/Repayment of Debt | 0 |
| Net Issuance/Repurchase of Equity | 85,332.00 |
| Dividends Paid | 0 |
| Other Financing Activities | -3,341.00 |
| Net Change in Cash | 51,906.00 |
| Cash at Beginning of Period | 9,735.00 |
| Cash at End of Period | 61,641.00 |
| Free Cash Flow | -18,196.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Assets | 133,229.00 | 147,475.00 | 157,025.00 | 77,507.00 |
| Current Assets | 129,207.00 | 144,768.00 | 154,554.00 | 74,137.00 |
| Cash and Short-Term Investments | 126,400.00 | 141,800.00 | 151,300.00 | 73,663.00 |
| Cash and Cash Equivalents | 39,285.00 | 25,998.00 | 26,504.00 | 61,641.00 |
| Short-Term Investments | 87,065.00 | 115,822.00 | 124,756.00 | 12,022.00 |
| Net Receivables | 2,368.00 | 2,368.00 | 2,368.00 | 0 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 439.00 | 600.00 | 886.00 | 474.00 |
| Non-Current Assets | 4,022.00 | 2,707.00 | 2,471.00 | 3,370.00 |
| Property, Plant, Equipment Net | 439.00 | 522.00 | 628.00 | 735.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 3,583.00 | 2,185.00 | 1,843.00 | 2,635.00 |
| Liabilities | 10,852.00 | 10,550.00 | 6,336.00 | 132,150.00 |
| Current Liabilities | 10,736.00 | 10,310.00 | 5,976.00 | 4,927.00 |
| Payables and Expenses | 10,307.00 | 9,893.00 | 5,586.00 | 3,693.00 |
| Account Payables | 4,444.00 | 5,056.00 | 2,556.00 | 2,298.00 |
| Current Accrued Liabilities | 5,863.00 | 4,837.00 | 3,030.00 | 1,395.00 |
| Short-Term Debt | 429.00 | 417.00 | 390.00 | 338.00 |
| Other Current Liabilities | 0.00 | 0.00 | 0.00 | 896.00 |
| Non-Current Liabilities | 116.00 | 240.00 | 360.00 | 127,223.00 |
| Long-Term Debt | 116.00 | 228.00 | 336.00 | 441.00 |
| Other Non-Current Liabilities | 0.00 | 12.00 | 24.00 | 126,782.00 |
| Equity | 122,377.00 | 136,925.00 | 150,689.00 | -54,643.00 |
| Shareholders Equity | 122,377.00 | 136,925.00 | 150,689.00 | -54,643.00 |
| Capital Stock | 0 | 0 | 0 | 0 |
| Share Premium | 220,615.00 | 218,932.00 | 218,282.00 | 3,684.00 |
| Retained Earnings | -98,320.00 | -82,004.00 | -67,637.00 | -58,327.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 82.00 | -3.00 | 44.00 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Investments | 87,065.00 | 115,822.00 | 124,756.00 | 0 |
| Debt | 545.00 | 645.00 | 726.00 | 779.00 |
| Common Shares Outstanding | 21,745.26 | 21,693.02 | 21,688.17 | 21,688.17 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Interest Income | 4,014.00 | 2,663.00 | 1,175.00 | 717.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0 |
| Non-Interest Expense | 0 | 0 | 0 | 1,388.00 |
| Operating Expenses | 44,021.00 | 26,318.00 | 10,470.00 | 9,450.00 |
| Selling, General and Administrative Expenses | 9,384.00 | 5,418.00 | 2,715.00 | 1,388.00 |
| Research and Development Expenses | 34,637.00 | 20,900.00 | 7,755.00 | 8,062.00 |
| Other Operating Expenses | 0.00 | 0.00 | 0.00 | 0 |
| Operating Income | -44,021.00 | -26,318.00 | -10,470.00 | -9,450.00 |
| Net Non-Operating Income | 4,028.00 | 2,641.00 | 1,160.00 | 0 |
| EBT | -39,993.00 | -23,677.00 | -9,310.00 | -8,779.00 |
| Income Tax | 0.00 | 0.00 | 0.00 | 0 |
| Net Income Including Non-Controlling Interests | 0 | 0 | 0 | -8,779.00 |
| Net Income | -39,993.00 | -23,677.00 | -9,310.00 | -8,779.00 |
| EBIT | -39,993.00 | -23,677.00 | -9,310.00 | -9,450.00 |
| Deprecation and Amortization | 1,099.00 | 717.00 | 86.00 | -121.00 |
| EBITDA | -38,894.00 | -22,960.00 | -9,224.00 | -9,450.00 |
| EPS | -0.00 | -0.00 | -0.00 | 0 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | 0 |
| Average Shares Outstanding Basic | 18,897.49 | 17,465.97 | 13,194.72 | 0 |
| Average Shares Outstanding Diluted | 18,897.49 | 17,465.97 | 13,194.72 | 0 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -37,362.00 | -21,232.00 | -11,388.00 | -7,727.00 |
| Operating Net Income | -39,993.00 | -23,677.00 | -9,310.00 | -8,779.00 |
| Deprecation and Amortization | 1,099.00 | 717.00 | 86.00 | -121.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 2,367.00 | 867.00 | 233.00 | 173.00 |
| Change in Working Capital | 12,211.00 | 10,584.00 | 6,367.00 | 815.00 |
| Other Operating Activities | -13,046.00 | -9,723.00 | -8,764.00 | 185.00 |
| Investing Cash Flow | -73,969.00 | -103,215.00 | -112,624.00 | -11,895.00 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0 |
| Net Purchase/Sale of PPE | 95.00 | 91.00 | 0 | -6.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | -74,064.00 | -103,306.00 | -112,624.00 | 0 |
| Financing Cash Flow | 88,975.00 | 88,804.00 | 88,875.00 | -1,014.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 91,362.00 | 91,191.00 | 91,185.00 | 163.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | -2,387.00 | -2,387.00 | -2,310.00 | -1,177.00 |
| Net Change in Cash | -22,356.00 | -35,643.00 | -35,137.00 | -20,636.00 |
| Cash at Beginning of Period | 61,641.00 | 61,641.00 | 61,641.00 | 82,277.00 |
| Cash at End of Period | 39,285.00 | 25,998.00 | 26,504.00 | 61,641.00 |
| Free Cash Flow | 0 | 0 | 0 | -7,733.00 |