Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -2.63 -3.12
Price to Sales
Book Value Per Common Share 0.64 3.12 0.32 1.55
Price to Book 11.43 3.43
Price to Operating Cash Flow -3.01 -4.74
Price to Free Cash Flow -3.00 -4.73
Enterprise Value to EBITDA
Breakdown 2025-06-30 2025-03-31
Price to Earnings -10.07 -7.53
Price to Sales
Book Value Per Common Share -0.76 -0.10
Price to Book -10.06 -60.10
Price to Operating Cash Flow -14.56 -11.90
Price to Free Cash Flow -14.55 -11.89
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY
Breakdown 2025-06-30 2025-03-31
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 2.28 6.06 1.41 3.93
Quick Ratio 1.72 3.18 0.69 2.14
Current Ratio 1.84 3.25 0.70 2.34
Debt to Equity 4.06 0.67 9.51 3.21
Long-Term Debt to Equity 1.77 0.22 2.35 1.97
Breakdown 2025-06-30 2025-03-31
Cash Per Common Share 0.96 1.63
Quick Ratio 0.67 1.16
Current Ratio 0.77 1.25
Debt to Equity -3.48 -26.32
Long-Term Debt to Equity -1.15 -10.28

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -85.88 -45.17 -80.40 -38.86
ROE -434.26 -75.37 -844.90 -163.70
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin
Breakdown 2025-06-30 2025-03-31
ROA -40.47 -31.37
ROE 100.28 794.33
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

Dividends

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

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 205,228.00 327,062.00 75,544.00 109,230.00
   Current Assets 170,671.00 285,972.00 36,181.00 75,485.00
      Cash and Short-Term Investments 144,221.00 260,992.00 26,950.00 60,701.00
            Cash and Cash Equivalents 144,221.00 251,942.00 26,950.00 60,701.00
            Short-Term Investments 0 9,050.00 0 0
      Net Receivables 15,663.00 19,099.00 8,316.00 8,339.00
      Inventory 0 0 0 4,000.00
      Other Current Assets 0 0 0 2,445.00
   Non-Current Assets 34,558.00 41,090.00 39,363.00 33,745.00
      Property, Plant, Equipment Net 2,665.00 877.00 1,592.00 305.00
      Goodwill 18,419.00 18,419.00 18,419.00 32,005.00
      Intangible Assets 6,606.00 6,604.00 6,607.00 92.00
      Long-Term Investments 126.00 124.00 0 0
      Non-Current Deferred Assets 0 2,320.00 1,037.00 0
      Other Non-Current Assets 0 12,746.00 11,708.00 1,343.00
Liabilities 164,644.00 131,052.00 68,355.00 83,297.00
   Current Liabilities 92,834.00 88,115.00 51,463.00 32,264.00
      Payables and Expenses 48,533.00 53,294.00 17,775.00 20,758.00
            Account Payables 43,824.00 47,221.00 15,475.00 18,558.00
            Current Accrued Liabilities 0 0 655.00 1,497.00
      Short-Term Debt 43,769.00 31,260.00 30,034.00 10,232.00
      Other Current Liabilities 532.00 3,561.00 3,654.00 1,274.00
   Non-Current Liabilities 71,810.00 42,937.00 16,892.00 51,033.00
      Long-Term Debt 53,592.00 26,784.00 9,127.00 34,649.00
      Other Non-Current Liabilities 18,218.00 16,153.00 7,765.00 16,384.00
Equity 40,584.00 196,010.00 7,189.00 25,933.00
   Shareholders Equity 40,584.00 196,010.00 7,189.00 25,933.00
      Capital Stock 633.00 629.00 223.00 168.00
      Share Premium 478,905.00 478,218.00 150,476.00 107,578.00
      Retained Earnings -438,879.00 -282,949.00 -143,510.00 -81,813.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -75.00 112.00 0 0
   Minority Interest 0 0 0 0
Debt 97,361.00 58,044.00 39,161.00 44,881.00
Net Debt 0 0 10,827.00 0
Common Shares Outstanding 63,347.84 62,917.48 22,301.19 16,755.45
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cost Of Revenue 0 0 50,764.00 45,517.00
Interest Income 8,956.00 2,773.00 0 0
Interest Expense 12,431.00 13,826.00 6,940.00 3,558.00
Non-Interest Expense 38,900.00 28,822.00 7,493.00 5,579.00
Gross Profit 0 0 -50,764.00 -45,517.00
Operating Expenses 172,984.00 127,377.00 51,205.00 41,398.00
   Selling, General and Administrative Expenses 38,900.00 28,822.00 7,493.00 5,579.00
   Research and Development Expenses 146,532.00 103,176.00 48,295.00 47,781.00
   Other Operating Expenses -12,448.00 -4,621.00 -4,583.00 -11,962.00
Operating Income -172,984.00 -127,377.00 -51,205.00 -41,398.00
Net Non-Operating Income -1,367.00 3,198.00 1,446.00 0
EBT -176,242.00 -147,740.00 -60,740.00 -42,452.00
Income Tax 0 0 0 0
Net Income Including Non-Controlling Interests -176,242.00 -147,740.00 -60,740.00 -42,452.00
Net Income -176,242.00 -147,740.00 -60,740.00 -42,452.00
EBIT -163,811.00 -133,914.00 -53,800.00 -38,894.00
Deprecation and Amortization 1,100.00 707.00 485.00 302.00
EBITDA -162,711.00 -133,207.00 -53,315.00 -38,592.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 63,347.84 43,066.01 19,092.44 15,455.99
Average Shares Outstanding Diluted 63,347.84 43,066.01 19,092.44 15,455.99
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -154,072.00 -97,130.00 -53,936.00 -45,048.00
   Operating Net Income -176,242.00 -147,740.00 -60,740.00 -42,452.00
   Deprecation and Amortization 1,100.00 707.00 485.00 302.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 20,224.00 8,179.00 -1,164.00 828.00
   Change in Working Capital 1,423.00 21,266.00 -2,002.00 -668.00
   Other Operating Activities -577.00 20,458.00 9,485.00 -3,058.00
Investing Cash Flow 15,762.00 -8,095.00 -12,026.00 -6,232.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -640.00 -265.00 -288.00 -47.00
   Net Purchase/Sale of Investments Net 0 -8,610.00 -470.00 -9.00
   Net Purchase/Sale of Business 0 0 -2,913.00 -2,176.00
   Other Investing Activities 0 0 0 0
Financing Cash Flow 28,207.00 335,290.00 32,211.00 82,679.00
   Net Issuance/Repayment of Debt 37,486.00 15,239.00 -9,711.00 19,127.00
   Net Issuance/Repurchase of Equity 434.00 353,387.00 46,374.00 69,683.00
   Dividends Paid 0 0 0 0
   Other Financing Activities -9,713.00 -33,336.00 -4,452.00 -6,131.00
Net Change in Cash -110,103.00 230,064.00 -33,751.00 31,399.00
   Cash at Beginning of Period 251,942.00 26,950.00 60,701.00 29,302.00
   Cash at End of Period 144,221.00 251,942.00 26,950.00 60,701.00
Free Cash Flow -154,715.00 -97,395.00 -54,259.00 -45,095.00
Breakdown 2025-06-30 2025-03-31
Assets 119,641.00 166,939.00
   Current Assets 86,102.00 132,667.00
      Cash and Short-Term Investments 60,946.00 103,576.00
            Cash and Cash Equivalents 60,946.00 103,576.00
            Short-Term Investments 0 0
      Net Receivables 14,737.00 18,747.00
      Inventory 0 0
      Other Current Assets 10,419.00 10,344.00
   Non-Current Assets 33,539.00 34,273.00
      Property, Plant, Equipment Net 2,159.00 2,410.00
      Goodwill 18,419.00 18,419.00
      Intangible Assets 6,606.00 6,606.00
      Long-Term Investments 126.00 126.00
      Non-Current Deferred Assets 0 0
      Other Non-Current Assets 6,229.00 6,712.00
Liabilities 167,921.00 173,532.00
   Current Liabilities 112,351.00 105,740.00
      Payables and Expenses 59,837.00 59,590.00
            Account Payables 36,114.00 56,525.00
            Current Accrued Liabilities 21,376.00 0
      Short-Term Debt 48,843.00 44,364.00
      Other Current Liabilities 3,671.00 1,786.00
   Non-Current Liabilities 55,570.00 67,792.00
      Long-Term Debt 35,729.00 48,192.00
      Other Non-Current Liabilities 19,841.00 19,600.00
Equity -48,280.00 -6,593.00
   Shareholders Equity -48,280.00 -6,593.00
      Capital Stock 635.00 634.00
      Share Premium 479,204.00 479,154.00
      Retained Earnings -528,603.00 -486,517.00
      Treasury Shares 0 0
      Accumulated Other Comprehensive Income 484.00 136.00
   Minority Interest 0 0
Debt 84,572.00 92,556.00
Net Debt 21,750.00 0
Common Shares Outstanding 63,471.93 63,418.75
Breakdown 2025-06-30 2025-03-31 2024-06-30 2024-03-31
Interest Income 319.00 1,092.00 2,446.00 2,755.00
Interest Expense 3,521.00 4,535.00 3,828.00 2,424.00
Non-Interest Expense 8,944.00 8,893.00 12,047.00 10,114.00
Operating Expenses 46,496.00 47,200.00 35,325.00 44,671.00
   Selling, General and Administrative Expenses 8,944.00 8,893.00 12,047.00 10,114.00
   Research and Development Expenses 38,645.00 39,301.00 28,907.00 35,744.00
   Other Operating Expenses -1,093.00 -994.00 -5,629.00 -1,187.00
Operating Income -46,496.00 -47,200.00 -35,325.00 -44,671.00
Net Non-Operating Income 0 -1,051.00 0 1,571.00
EBT -48,414.00 -52,370.00 -38,770.00 -42,867.00
Income Tax 0 0 0 0
Net Income Including Non-Controlling Interests -48,414.00 -52,370.00 -38,770.00 -42,867.00
Net Income -48,414.00 -52,370.00 -38,771.00 -42,867.00
EBIT -44,893.00 -47,835.00 -34,942.00 -40,443.00
Deprecation and Amortization 251.00 273.00 365.00 211.00
EBITDA -44,642.00 -47,562.00 -34,577.00 -40,232.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 63,440.02 63,378.91 62,919.40 62,917.55
Average Shares Outstanding Diluted 63,440.02 63,378.91 62,919.40 62,917.55
Breakdown 2025-06-30 2025-03-31 2024-06-30 2024-03-31
Operating Cash Flow -33,340.00 -33,278.00 -50,421.00 -34,754.00
   Operating Net Income -48,414.00 -52,370.00 -38,771.00 -42,867.00
   Deprecation and Amortization 251.00 273.00 365.00 211.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 6,332.00 4,689.00 5,666.00 5,755.00
   Change in Working Capital 6,450.00 9,011.00 -16,966.00 3,921.00
   Other Operating Activities 2,041.00 5,119.00 -715.00 -1,774.00
Investing Cash Flow 187.00 1,082.00 11,557.00 1,901.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -19.00 -44.00 -224.00 -12.00
   Net Purchase/Sale of Investments Net 0 -6.00 0 -542.00
   Net Purchase/Sale of Business 22.00 18.00 0 0
   Other Investing Activities 0 1,114.00 0 2,455.00
Financing Cash Flow -8,767.00 -7,837.00 19,121.00 21,201.00
   Net Issuance/Repayment of Debt -6,913.00 -6,123.00 20,348.00 22,294.00
   Net Issuance/Repurchase of Equity 0 0 0 0
   Dividends Paid 0 0 0 0
   Other Financing Activities -1,854.00 -1,714.00 -1,227.00 -1,093.00
Net Change in Cash -41,457.00 -40,033.00 -19,742.00 -11,653.00
   Cash at Beginning of Period 103,576.00 144,221.00 241,608.00 251,942.00
   Cash at End of Period 60,946.00 103,576.00 222,317.00 241,608.00
Free Cash Flow -33,359.00 -33,322.00 -50,648.00 -34,766.00