Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -8.61 -5.68 -5.07 -4.69
Price to Sales 98.49 22.87 9.01 37.62 46.04
Book Value Per Common Share 0.51 0.62 0.87 1.17 1.14
Price to Book 6.38 4.01 2.68 3.33 3.12
Price to Operating Cash Flow -9.36 -4.83 -9.95 -6.12 -6.19
Price to Free Cash Flow
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Price to Earnings -28.38 -25.75 -26.85 -12.42 -14.71 -25.80 -6.34 -11.50 -30.30 -5.97 -13.55 -27.09 -6.31 -6.89 -15.86
Price to Sales 66.67 47.25 379.35 154.00 172.63 296.55 20.95 33.24 73.19 8.71 15.01 35.14 53.56 64.88 147.35
Book Value Per Common Share 0.40 0.43 0.41 0.51 0.56 0.65 0.64 0.62 0.71 0.81 0.87 0.87 0.95 1.03 1.12 1.17 1.18 1.03 1.19 1.14
Price to Book 11.26 7.14 8.44 6.38 6.82 4.76 4.06 4.01 2.85 2.85 3.48 2.68 2.00 2.63 2.67 3.33 3.63 2.94 2.81 3.12
Price to Operating Cash Flow -24.85 -20.26 -49.72 -13.01 -16.62 -23.48 -4.88 -8.04 -17.94 -15.54 1231.82 21.45 -8.70 -9.04 -17.40
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY -65.98 -53.51 255.11 58.92
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Earning YoY
Revenue YoY 4.23 608.79 41.10 112.66 41.08 69.55 22.19 113.19 75.19 110.22
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.66 0.80 1.22 1.80 1.37
Quick Ratio 8.00 5.96 5.65 17.10 13.06
Current Ratio 8.15 5.87 4.60 14.32 13.38
Debt to Equity 0.35 0.36 0.43 0.21 0.34
Long-Term Debt to Equity 0.19 0.15 0.19 0.14 0.25
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Cash Per Common Share 0.49 0.51 0.59 0.65 0.69 0.78 0.74 0.78 0.81 0.93 0.91 1.17 2.35 1.35 1.49 1.32 1.56 1.27 1.41 1.37
Quick Ratio 18.25 19.74 5.86 8.00 6.84 6.36 6.47 5.96 6.11 6.32 5.94 5.65 12.85 6.79 6.88 17.10 15.19 13.87 19.91 13.06
Current Ratio 18.80 20.53 6.01 8.15 7.02 6.56 6.69 5.87 6.34 6.47 6.08 4.60 5.13 5.29 5.33 14.32 12.51 9.44 20.52 13.38
Debt to Equity 0.26 0.24 0.48 0.35 0.31 0.31 0.31 0.36 0.33 0.31 0.33 0.43 0.40 0.41 0.43 0.21 0.27 0.34 0.28 0.34
Long-Term Debt to Equity 0.20 0.18 0.23 0.19 0.14 0.12 0.13 0.15 0.14 0.13 0.15 0.19 0.21 0.21 0.23 0.14 0.19 0.25 0.22 0.25

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -53.09 -50.45 -35.54 -37.29 -46.50
ROE -71.81 -68.71 -50.75 -45.00 -62.52
Gross Margin
Operating Margin -1130.82 -399.04 -162.19 -667.91 -863.96
EBITDA Margin -1057.66 -379.20 -158.40 -661.05 -838.39
Net Profit Margin -1133.04 -401.57 -178.01 -693.91 -921.97
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
ROA -30.44 -21.31 -20.96 -40.86 -23.54 -11.89 -33.75 -18.91 -8.54 -23.32 -13.88 -6.66 -33.17 -26.42 -11.20
ROE -38.43 -26.52 -30.98 -53.69 -30.76 -15.59 -44.86 -24.82 -11.35 -32.66 -19.56 -9.51 -42.21 -35.47 -14.35
Gross Margin
Operating Margin -227.64 -175.53 -1388.78 -1246.05 -1153.87 -1163.90 -332.10 -291.62 -241.38 -127.12 -91.44 -85.96 -676.29 -770.67 -738.71
EBITDA Margin -210.15 -161.72 -1329.37 -1175.16 -1094.32 -1104.63 -315.70 -277.55 -230.63 -124.22 -89.48 -84.17 -668.93 -761.08 -725.27
Net Profit Margin -228.25 -175.98 -1390.36 -1248.38 -1156.26 -1166.78 -334.69 -294.88 -244.34 -145.01 -111.69 -125.31 -705.81 -805.22 -775.25

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 131,707.00 144,401.00 195,419.00 204,485.00 137,080.00
   Current Assets 127,316.00 132,027.00 151,139.00 160,661.00 127,704.00
      Cash and Short-Term Investments 122,600.00 132,300.00 184,300.00 191,000.00 123,300.00
            Cash and Cash Equivalents 65,863.00 44,314.00 53,994.00 234,954.00 83,657.00
            Short-Term Investments 86,293.00 99,718.00 116,137.00 46,035.00 71,017.00
      Net Receivables 2,409.00 1,776.00 1,352.00 899.00 1,312.00
      Inventory 0 0 0 0 0
      Other Current Assets 2,307.00 -2,049.00 -34,513.00 -31,238.00 3,092.00
   Non-Current Assets 4,391.00 12,374.00 44,280.00 43,824.00 9,376.00
      Property, Plant, Equipment Net 4,357.00 6,090.00 6,814.00 8,075.00 9,332.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 18,852.00 112,089.00 35,688.00 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 34.00 -12,568.00 -74,623.00 61.00 44.00
Liabilities 34,341.00 38,383.00 58,567.00 35,046.00 35,114.00
   Current Liabilities 15,618.00 22,487.00 32,857.00 11,221.00 9,541.00
      Payables and Expenses 7,564.00 10,271.00 16,029.00 10,838.00 8,901.00
            Account Payables 2,316.00 3,223.00 3,520.00 3,174.00 2,994.00
            Current Accrued Liabilities 1,164.00 815.00 512.00 983.00 679.00
      Short-Term Debt 483.00 425.00 372.00 383.00 390.00
      Other Current Liabilities 7,571.00 11,791.00 16,456.00 0.00 250.00
   Non-Current Liabilities 18,723.00 15,896.00 25,710.00 23,825.00 25,573.00
      Long-Term Debt 806.00 1,343.00 1,815.00 2,231.00 2,593.00
      Other Non-Current Liabilities 17,917.00 14,553.00 23,895.00 21,594.00 22,980.00
Equity 97,366.00 106,018.00 136,852.00 169,439.00 101,966.00
   Shareholders Equity 97,366.00 106,018.00 136,852.00 169,439.00 101,966.00
      Capital Stock 1,410,025.00 1,349,821.00 1,318,737.00 1,286,636.00 985,939.00
      Share Premium 82,048.00 81,270.00 72,406.00 65,485.00 60,751.00
      Retained Earnings -1,346,572.00 -1,276,652.00 -1,203,803.00 -1,134,347.00 -1,045,961.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -48,135.00 -48,421.00 -50,488.00 -48,335.00 -48,171.00
   Minority Interest 0 0 0 0 0
Investments 86,293.00 118,570.00 228,226.00 81,723.00 71,017.00
Debt 1,289.00 1,768.00 2,187.00 2,614.00 2,983.00
Common Shares Outstanding 189,963.49 169,867.41 157,455.36 144,987.74 89,678.72
Preferred Shares Outstanding 0 0 0 0 1,164.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 6,171.00 18,141.00 39,019.00 10,988.00 6,914.00
Operating Expenses 82,490.00 96,244.00 104,475.00 84,510.00 64,720.00
   Selling, General and Administrative Expenses 22,108.00 22,475.00 17,834.00 17,136.00 14,724.00
   Research and Development Expenses 54,037.00 73,700.00 84,408.00 65,502.00 47,481.00
   Other Operating Expenses 6,345.00 69.00 2,233.00 1,872.00 2,515.00
Operating Income -76,319.00 -78,103.00 -65,456.00 -73,522.00 -57,806.00
Net Non-Operating Income 6,399.00 5,254.00 444.00 -2,725.00 -5,939.00
Interest Income 6,722.00 6,147.00 3,918.00 2,984.00 4,752.00
Interest Expense 137.00 459.00 1,726.00 2,857.00 4,011.00
Net Interest 6,585.00 5,688.00 2,192.00 127.00 741.00
EBT -69,920.00 -72,849.00 -65,012.00 -76,247.00 -63,745.00
Income Tax 0.00 0.00 4,444.00 0.00 0.00
Equity Method Investments Income 0 0 0 0 -2,545.00
Net Income -69,920.00 -72,849.00 -69,456.00 -76,247.00 -63,745.00
EBIT -69,783.00 -72,390.00 -63,286.00 -73,390.00 -59,734.00
Deprecation and Amortization 4,515.00 3,600.00 1,481.00 754.00 1,768.00
EBITDA -65,268.00 -68,790.00 -61,805.00 -72,636.00 -57,966.00
EPS -0.00 -0.00 -0.00 -0.00 0
Diluted EPS -0.00 -0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 185,608.87 165,960.38 150,939.34 106,242.45 0
Average Shares Outstanding Diluted 185,608.87 165,960.38 150,939.34 106,242.45 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -64,850.00 -85,936.00 -35,356.00 -67,532.00 -51,441.00
   Operating Net Income -69,920.00 -72,849.00 -69,456.00 -76,247.00 -63,745.00
   Deprecation and Amortization 4,515.00 3,600.00 1,481.00 754.00 1,768.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 8,986.00 9,301.00 7,182.00 6,424.00 6,161.00
   Change in Working Capital -6,159.00 -15,499.00 25,289.00 2,154.00 2,151.00
   Other Operating Activities -2,272.00 -10,489.00 148.00 -617.00 2,224.00
Investing Cash Flow 22,948.00 50,773.00 -74,942.00 -12,678.00 -14,909.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 182.00 1,028.00 512.00 809.00 229.00
   Net Purchase/Sale of Investments Net 306,148.00 212,779.00 186,430.00 152,569.00 158,976.00
   Net Purchase/Sale of Business 0 0 0 0 2,500.00
   Other Investing Activities -283,382.00 -163,034.00 -261,884.00 -166,056.00 -176,614.00
Financing Cash Flow 51,996.00 30,647.00 31,814.00 137,236.00 86,746.00
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 7,873.00 795.00 517.00 271,936.00 173,046.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 44,123.00 29,852.00 31,297.00 -134,700.00 -86,300.00
Net Change in Cash 10,045.00 -4,491.00 -78,506.00 57,031.00 20,452.00
   Cash at Beginning of Period 26,285.00 30,776.00 109,282.00 52,251.00 31,799.00
   Cash at End of Period 36,330.00 26,285.00 30,776.00 109,282.00 52,251.00
Free Cash Flow 0 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Assets 97,710.00 103,267.00 117,010.00 131,707.00 140,441.00 160,043.00 150,290.00 144,401.00 158,641.00 176,823.00 191,224.00 195,419.00 203,801.00 215,836.00 236,877.00 204,485.00 165,596.00 135,376.00 146,240.00 137,080.00
   Current Assets 97,442.00 103,119.00 116,808.00 127,316.00 132,777.00 148,220.00 135,872.00 132,027.00 141,607.00 158,800.00 152,854.00 151,139.00 141,136.00 157,791.00 172,698.00 160,661.00 126,536.00 83,466.00 137,341.00 127,704.00
      Cash and Short-Term Investments 93,702.00 98,088.00 112,707.00 122,600.00 127,794.00 141,986.00 129,240.00 132,300.00 134,180.00 152,484.00 146,728.00 184,300.00 351,637.00 200,600.00 221,800.00 191,000.00 151,900.00 121,300.00 132,000.00 123,300.00
            Cash and Cash Equivalents 22,408.00 37,412.00 37,076.00 65,863.00 31,846.00 62,788.00 43,101.00 44,314.00 17,531.00 27,197.00 40,574.00 53,994.00 39,634.00 95,288.00 155,768.00 234,954.00 137,299.00 57,766.00 181,841.00 83,657.00
            Short-Term Investments 71,294.00 60,676.00 75,631.00 86,293.00 95,948.00 79,198.00 86,139.00 99,718.00 116,649.00 125,287.00 106,154.00 116,137.00 312,003.00 102,879.00 84,147.00 46,035.00 43,520.00 47,425.00 52,540.00 71,017.00
      Net Receivables 905.00 1,025.00 1,182.00 2,409.00 1,608.00 1,767.00 2,139.00 1,776.00 2,171.00 2,614.00 2,664.00 1,352.00 1,835.00 1,970.00 1,313.00 899.00 1,667.00 1,298.00 1,265.00 1,312.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 2,835.00 4,006.00 2,919.00 2,307.00 3,375.00 4,467.00 4,493.00 -2,049.00 5,256.00 3,702.00 3,462.00 -34,513.00 -212,336.00 -44,779.00 -50,415.00 -31,238.00 -27,031.00 -39,132.00 4,076.00 3,092.00
   Non-Current Assets 268.00 148.00 202.00 4,391.00 7,664.00 11,823.00 14,418.00 12,374.00 17,034.00 18,023.00 38,370.00 44,280.00 62,665.00 58,045.00 64,179.00 43,824.00 39,060.00 51,910.00 8,899.00 9,376.00
      Property, Plant, Equipment Net 137.00 148.00 168.00 4,357.00 4,700.00 5,296.00 5,741.00 6,090.00 6,535.00 6,955.00 6,518.00 6,814.00 7,062.00 7,415.00 7,671.00 8,075.00 8,526.00 9,004.00 8,899.00 9,332.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 8,892.00 19,581.00 26,031.00 18,852.00 31,488.00 33,171.00 95,370.00 112,089.00 166,308.00 151,350.00 168,954.00 35,688.00 30,534.00 42,906.00 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 131.00 0.00 34.00 34.00 -5,928.00 -13,054.00 -17,354.00 -12,568.00 -20,989.00 -22,103.00 -63,518.00 -74,623.00 -110,705.00 -100,720.00 -112,446.00 61.00 0.00 0.00 0.00 44.00
Liabilities 20,311.00 20,291.00 37,853.00 34,341.00 33,551.00 37,589.00 35,653.00 38,383.00 39,304.00 42,130.00 47,309.00 58,567.00 58,284.00 62,694.00 71,032.00 35,046.00 35,456.00 34,547.00 32,091.00 35,114.00
   Current Liabilities 5,184.00 5,022.00 19,431.00 15,618.00 18,923.00 22,595.00 20,296.00 22,487.00 22,324.00 24,529.00 25,154.00 32,857.00 27,506.00 29,824.00 32,409.00 11,221.00 10,113.00 8,841.00 6,693.00 9,541.00
      Payables and Expenses 4,653.00 4,508.00 12,109.00 7,564.00 7,544.00 11,108.00 8,247.00 10,271.00 9,806.00 8,805.00 9,653.00 16,029.00 12,268.00 12,474.00 8,715.00 10,838.00 9,727.00 8,352.00 6,063.00 8,901.00
            Account Payables 1,011.00 1,321.00 2,240.00 2,316.00 2,315.00 2,652.00 3,743.00 3,223.00 2,260.00 1,044.00 2,455.00 3,520.00 872.00 0 1,194.00 3,174.00 1,042.00 2,063.00 355.00 2,994.00
            Current Accrued Liabilities 443.00 352.00 2,237.00 1,164.00 709.00 1,970.00 1,173.00 815.00 691.00 683.00 580.00 512.00 315.00 415.00 610.00 983.00 582.00 443.00 690.00 679.00
      Short-Term Debt 531.00 514.00 563.00 483.00 468.00 453.00 502.00 425.00 412.00 397.00 446.00 372.00 360.00 377.00 439.00 383.00 386.00 357.00 432.00 390.00
      Other Current Liabilities 0.00 0.00 6,759.00 7,571.00 10,911.00 11,034.00 11,547.00 11,791.00 12,106.00 15,327.00 15,055.00 16,456.00 14,878.00 16,973.00 23,255.00 0.00 0.00 132.00 198.00 250.00
   Non-Current Liabilities 15,127.00 15,269.00 18,422.00 18,723.00 14,628.00 14,994.00 15,357.00 15,896.00 16,980.00 17,601.00 22,155.00 25,710.00 30,778.00 32,870.00 38,623.00 23,825.00 25,343.00 25,706.00 25,398.00 25,573.00
      Long-Term Debt 391.00 575.00 626.00 806.00 978.00 1,144.00 1,181.00 1,343.00 1,497.00 1,646.00 1,671.00 1,815.00 1,955.00 2,088.00 2,100.00 2,231.00 2,355.00 2,475.00 2,477.00 2,593.00
      Other Non-Current Liabilities 14,736.00 14,694.00 17,796.00 17,917.00 13,650.00 13,850.00 14,176.00 14,553.00 15,483.00 15,955.00 20,484.00 23,895.00 28,823.00 30,782.00 36,523.00 21,594.00 22,988.00 23,231.00 22,921.00 22,980.00
Equity 77,399.00 82,976.00 79,157.00 97,366.00 106,890.00 122,454.00 114,637.00 106,018.00 119,337.00 134,693.00 143,915.00 136,852.00 145,517.00 153,142.00 165,845.00 169,439.00 130,140.00 100,829.00 114,149.00 101,966.00
   Shareholders Equity 77,399.00 82,976.00 79,157.00 97,366.00 106,890.00 122,454.00 114,637.00 106,018.00 119,337.00 134,693.00 143,915.00 136,852.00 145,517.00 153,142.00 165,845.00 169,439.00 130,140.00 100,829.00 114,149.00 101,966.00
      Capital Stock 1,418,560.00 1,417,110.00 1,416,332.00 1,410,025.00 1,407,595.00 1,403,334.00 1,377,315.00 1,349,821.00 1,346,015.00 1,344,195.00 1,339,453.00 1,318,737.00 1,307,654.00 1,298,409.00 1,298,212.00 1,286,636.00 1,065,710.00 1,017,416.00 1,013,118.00 985,939.00
      Share Premium 83,285.00 82,628.00 82,089.00 82,048.00 81,425.00 81,751.00 80,220.00 81,270.00 79,546.00 77,202.00 74,238.00 72,406.00 70,738.00 69,134.00 67,151.00 65,485.00 64,096.00 63,933.00 62,133.00 60,751.00
      Retained Earnings -1,376,317.00 -1,368,575.00 -1,371,098.00 -1,346,572.00 -1,334,040.00 -1,314,323.00 -1,294,527.00 -1,276,652.00 -1,257,340.00 -1,237,236.00 -1,220,142.00 -1,203,803.00 -1,181,871.00 -1,164,304.00 -1,150,112.00 -1,134,347.00 -1,112,452.00 -1,088,207.00 -1,065,554.00 -1,045,961.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -48,129.00 -48,187.00 -48,166.00 -48,135.00 -48,090.00 -48,308.00 -48,371.00 -48,421.00 -48,884.00 -49,468.00 -49,634.00 -50,488.00 -51,004.00 -50,097.00 -49,406.00 -48,335.00 -48,187.00 -48,199.00 -48,168.00 -48,171.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 71,294.00 60,676.00 75,631.00 86,293.00 104,840.00 98,779.00 112,170.00 118,570.00 148,137.00 158,458.00 201,524.00 228,226.00 478,311.00 254,229.00 253,101.00 81,723.00 74,054.00 47,425.00 52,540.00 71,017.00
Debt 922.00 1,089.00 1,189.00 1,289.00 1,446.00 1,597.00 1,683.00 1,768.00 1,909.00 2,043.00 2,117.00 2,187.00 2,315.00 2,465.00 2,539.00 2,614.00 2,741.00 2,832.00 2,909.00 2,983.00
Common Shares Outstanding 191,953.67 191,641.51 191,481.47 189,963.49 189,438.14 188,739.04 180,192.23 169,867.41 167,695.25 166,922.74 165,132.19 157,455.36 152,711.70 148,794.26 148,728.24 144,987.74 110,264.91 97,700.02 96,245.37 89,678.72
Preferred Shares Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,164.00 1,164.00 1,164.00 1,164.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Revenues 13,032.00 12,503.00 1,764.00 -3,216.00 4,597.00 3,258.00 1,532.00 -15,880.00 15,996.00 11,338.00 6,687.00 -33,158.00 32,774.00 26,822.00 12,581.00 -3,349.00 7,782.00 4,442.00 2,113.00
   Net Premiums 0 0 0 0 0 0 0 0 4,100.00 4,100.00 4,100.00 0 4,100.00 4,100.00 4,100.00 0 0 0 0
Operating Expenses 45,902.00 36,714.00 27,463.00 -49,592.00 66,983.00 44,204.00 20,895.00 -48,344.00 73,352.00 47,136.00 24,100.00 -46,653.00 75,668.00 51,905.00 23,555.00 -32,547.00 60,508.00 38,760.00 17,789.00
   Selling, General and Administrative Expenses 12,204.00 9,160.00 5,832.00 -13,459.00 17,396.00 12,859.00 5,312.00 -11,983.00 17,374.00 11,532.00 5,552.00 -10,735.00 13,585.00 10,092.00 4,892.00 -7,441.00 12,438.00 8,292.00 3,847.00
   Research and Development Expenses 20,235.00 14,457.00 8,959.00 -37,547.00 45,227.00 30,954.00 15,403.00 -36,678.00 56,136.00 35,967.00 18,275.00 -36,917.00 61,459.00 41,404.00 18,462.00 -21,699.00 45,065.00 28,766.00 13,370.00
   Other Operating Expenses 13,463.00 13,097.00 12,672.00 1,414.00 4,360.00 391.00 180.00 317.00 -158.00 -363.00 273.00 999.00 624.00 409.00 201.00 -3,407.00 3,005.00 1,702.00 572.00
Operating Income -32,870.00 -24,211.00 -25,699.00 46,376.00 -62,386.00 -40,946.00 -19,363.00 32,464.00 -57,356.00 -35,798.00 -17,413.00 13,495.00 -42,894.00 -25,083.00 -10,974.00 29,198.00 -52,726.00 -34,318.00 -15,676.00
Net Non-Operating Income 3,125.00 2,208.00 1,173.00 -3,362.00 4,998.00 3,275.00 1,488.00 -2,004.00 3,819.00 2,365.00 1,074.00 1,407.00 -186.00 -430.00 -347.00 1,630.00 -2,200.00 -1,450.00 -705.00
Interest Income 3,270.00 2,295.00 1,225.00 -3,547.00 5,228.00 3,452.00 1,589.00 -3,055.00 4,638.00 3,098.00 1,466.00 -956.00 2,666.00 1,543.00 665.00 -1,826.00 2,394.00 1,605.00 811.00
Interest Expense 79.00 56.00 28.00 -92.00 107.00 78.00 44.00 -523.00 415.00 369.00 198.00 -1,185.00 1,417.00 988.00 506.00 -1,747.00 2,297.00 1,535.00 772.00
Net Interest 3,191.00 2,239.00 1,197.00 -3,455.00 5,121.00 3,374.00 1,545.00 -2,532.00 4,223.00 2,729.00 1,268.00 229.00 1,249.00 555.00 159.00 -79.00 97.00 70.00 39.00
EBT -29,745.00 -22,003.00 -24,526.00 43,014.00 -57,388.00 -37,671.00 -17,875.00 30,460.00 -53,537.00 -33,433.00 -16,339.00 14,902.00 -43,080.00 -25,513.00 -11,321.00 30,828.00 -54,926.00 -35,768.00 -16,381.00
Income Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -8,888.00 4,444.00 4,444.00 4,444.00 0.00 0.00 0.00 0.00
Net Income -29,745.00 -22,003.00 -24,526.00 43,014.00 -57,388.00 -37,671.00 -17,875.00 30,460.00 -53,537.00 -33,433.00 -16,339.00 23,790.00 -47,524.00 -29,957.00 -15,765.00 30,828.00 -54,926.00 -35,768.00 -16,381.00
EBIT -29,666.00 -21,947.00 -24,498.00 42,922.00 -57,281.00 -37,593.00 -17,831.00 29,937.00 -53,122.00 -33,064.00 -16,141.00 13,717.00 -41,663.00 -24,525.00 -10,815.00 29,081.00 -52,629.00 -34,233.00 -15,609.00
Deprecation and Amortization 2,279.00 1,727.00 1,048.00 -1,592.00 3,259.00 1,940.00 908.00 -1,336.00 2,622.00 1,595.00 719.00 -221.00 950.00 526.00 226.00 -529.00 573.00 426.00 284.00
EBITDA -27,387.00 -20,220.00 -23,450.00 41,330.00 -54,022.00 -35,653.00 -16,923.00 28,601.00 -50,500.00 -31,469.00 -15,422.00 13,496.00 -40,713.00 -23,999.00 -10,589.00 28,552.00 -52,056.00 -33,807.00 -15,325.00
EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 191,347.97 191,130.63 190,707.08 200,722.61 184,244.82 181,842.52 175,625.55 173,257.21 165,085.24 163,855.66 161,643.40 157,353.31 149,386.00 148,589.71 148,428.33 139,207.63 97,174.25 95,153.54 93,434.38
Average Shares Outstanding Diluted 191,347.97 191,130.63 190,707.08 189,771.26 188,997.19 188,041.49 175,625.55 173,257.21 165,085.24 163,855.66 161,643.40 157,353.31 149,386.00 148,589.71 148,428.33 139,207.63 97,174.25 95,153.54 93,434.38
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Operating Cash Flow -34,957.00 -29,140.00 -13,391.00 42,779.00 -54,535.00 -33,799.00 -19,295.00 56,869.00 -68,644.00 -46,860.00 -27,301.00 -37,935.00 -18,366.00 326.00 20,619.00 30,165.00 -47,926.00 -31,890.00 -17,881.00
   Operating Net Income -29,745.00 -22,003.00 -73,578.00 43,014.00 -57,388.00 -37,671.00 -17,875.00 30,460.00 -53,537.00 -33,433.00 -16,339.00 23,790.00 -47,524.00 -29,957.00 -15,765.00 30,828.00 -54,926.00 -35,768.00 -16,381.00
   Deprecation and Amortization 2,279.00 1,727.00 1,048.00 -1,592.00 3,259.00 1,940.00 908.00 -1,336.00 2,622.00 1,595.00 719.00 -221.00 950.00 526.00 226.00 -529.00 573.00 426.00 284.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 5,691.00 4,428.00 3,564.00 -5,576.00 7,354.00 5,194.00 2,014.00 -5,503.00 7,578.00 5,095.00 2,131.00 -3,869.00 5,515.00 3,800.00 1,736.00 -3,582.00 4,993.00 3,378.00 1,635.00
   Change in Working Capital -15,629.00 -14,459.00 1,989.00 927.00 -5,226.00 -39.00 -1,821.00 19,937.00 -14,002.00 -12,660.00 -8,774.00 -72,365.00 27,547.00 31,523.00 38,584.00 3,765.00 764.00 -273.00 -2,102.00
   Other Operating Activities 2,447.00 1,167.00 53,586.00 6,006.00 -2,534.00 -3,223.00 -2,521.00 13,311.00 -11,305.00 -7,457.00 -5,038.00 14,730.00 -4,854.00 -5,566.00 -4,162.00 -317.00 670.00 347.00 -1,317.00
Investing Cash Flow 16,941.00 26,960.00 11,349.00 -19,806.00 9,537.00 21,523.00 11,694.00 -12,572.00 28,548.00 18,119.00 16,678.00 146,624.00 -87,624.00 -73,886.00 -60,056.00 -5,816.00 -4,557.00 -20,526.00 18,221.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 9.00 9.00 0 -105.00 96.00 96.00 95.00 -1,093.00 1,028.00 976.00 117.00 -268.00 398.00 307.00 75.00 -772.00 751.00 731.00 99.00
   Net Purchase/Sale of Investments Net 245,960.00 153,379.00 80,781.00 -100,287.00 206,269.00 137,583.00 62,583.00 -104,847.00 142,516.00 117,905.00 57,205.00 -120,436.00 147,266.00 95,619.00 63,981.00 -62,812.00 104,506.00 88,495.00 22,380.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -229,028.00 -126,428.00 -69,432.00 80,586.00 -196,828.00 -116,156.00 -50,984.00 93,368.00 -114,996.00 -100,762.00 -40,644.00 267,328.00 -235,288.00 -169,812.00 -124,112.00 57,768.00 -109,814.00 -109,752.00 -4,258.00
Financing Cash Flow 4,081.00 3,237.00 2,784.00 -71,809.00 50,575.00 48,800.00 24,430.00 -41,769.00 26,840.00 25,159.00 20,417.00 -11,999.00 20,730.00 11,598.00 11,485.00 1,084.00 78,115.00 31,163.00 26,874.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 4,081.00 3,237.00 2,784.00 -5,919.00 6,451.00 4,676.00 2,665.00 -1,155.00 840.00 555.00 555.00 -52,796.00 29,930.00 11,598.00 11,785.00 3,284.00 153,515.00 61,863.00 53,274.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities 0.00 0.00 0.00 -65,890.00 44,124.00 44,124.00 21,765.00 -40,614.00 26,000.00 24,604.00 19,862.00 40,797.00 -9,200.00 0.00 -300.00 -2,200.00 -75,400.00 -30,700.00 -26,400.00
Net Change in Cash -13,922.00 1,082.00 746.00 -48,835.00 5,561.00 36,503.00 16,816.00 2,535.00 -13,245.00 -3,579.00 9,798.00 96,686.00 -85,278.00 -61,962.00 -27,952.00 25,526.00 25,632.00 -21,297.00 27,170.00
   Cash at Beginning of Period 36,330.00 36,330.00 36,330.00 85,165.00 26,285.00 26,285.00 26,285.00 23,750.00 30,776.00 30,776.00 30,776.00 -65,910.00 109,282.00 109,282.00 109,282.00 83,756.00 52,251.00 52,251.00 52,251.00
   Cash at End of Period 22,408.00 37,412.00 37,076.00 36,330.00 31,846.00 62,788.00 43,101.00 26,285.00 17,531.00 27,197.00 40,574.00 30,776.00 24,004.00 47,320.00 81,330.00 109,282.00 77,883.00 30,954.00 79,421.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0