ADCT
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -1.23 | -0.56 | -1.93 | -6.73 |
| Price to Sales | 2.73 | 1.95 | 1.43 | 45.67 |
| Book Value Per Common Share | -2.05 | -1.80 | 0.99 | 2.16 |
| Price to Book | -0.97 | -0.92 | 3.90 | 9.34 |
| Price to Operating Cash Flow | -1.56 | -1.14 | -2.17 | -6.64 |
| Price to Free Cash Flow | -1.55 | -1.11 | -2.16 | -6.46 |
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | -13.33 | -5.36 | -3.92 | -6.86 | -7.50 |
| Price to Sales | 33.22 | 16.18 | 6.56 | 12.41 | 17.89 |
| Book Value Per Common Share | -2.11 | -1.77 | -2.40 | -2.05 | -1.78 |
| Price to Book | -1.89 | -1.51 | -0.59 | -0.97 | -1.77 |
| Price to Operating Cash Flow | -18.42 | -12.65 | -2.68 | -9.60 | -13.19 |
| Price to Free Cash Flow | -18.42 | -12.65 | -2.67 | -9.56 | -13.07 |
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 1.84 | -66.86 | 518.89 | |
| EBITDA YoY | ||||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | -12.80 | -18.21 | 36.21 | -8.42 | |
| EBITDA YoY | |||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 2.58 | 3.41 | 4.18 | 6.08 |
| Quick Ratio | 3.37 | 4.49 | 4.87 | 6.75 |
| Current Ratio | 3.82 | 4.97 | 5.31 | 7.10 |
| Debt to Equity | -2.59 | -3.39 | 5.18 | 2.72 |
| Long-Term Debt to Equity | -2.19 | -2.94 | 4.15 | 2.28 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 1.72 | 2.33 | 1.82 | 2.38 | 2.62 |
| Quick Ratio | 4.15 | 4.50 | 3.92 | 3.37 | 4.41 |
| Current Ratio | 4.63 | 4.93 | 4.46 | 3.82 | 4.92 |
| Debt to Equity | -2.22 | -2.61 | -2.14 | -2.59 | -3.03 |
| Long-Term Debt to Equity | -1.96 | -2.29 | -1.90 | -2.19 | -2.64 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -49.02 | -67.66 | -32.01 | -37.22 |
| ROE | 77.89 | 161.93 | -197.77 | -138.50 |
| Gross Margin | 91.60 | 96.36 | 98.43 | 95.89 |
| Operating Margin | -149.53 | -214.34 | -52.44 | -687.46 |
| EBITDA Margin | -144.91 | -209.65 | -51.31 | -679.70 |
| Net Profit Margin | -222.83 | -345.11 | -74.86 | -678.20 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | -14.14 | -17.62 | -14.16 | -9.54 | -12.60 |
| ROE | 17.20 | 28.44 | 16.20 | 15.16 | 25.57 |
| Gross Margin | 92.68 | 95.56 | 91.05 | 91.89 | 95.39 |
| Operating Margin | -167.86 | -225.04 | -113.78 | -113.12 | -165.20 |
| EBITDA Margin | -167.12 | -220.58 | -110.30 | -108.43 | -160.85 |
| Net Profit Margin | -249.38 | -300.68 | -167.59 | -181.71 | -238.13 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 321,980.00 | 354,782.00 | 490,859.00 | 617,972.00 |
| Current Assets | 307,390.00 | 336,291.00 | 434,980.00 | 525,182.00 |
| Cash and Short-Term Investments | 250,867.00 | 278,598.00 | 326,441.00 | 466,544.00 |
| Cash and Cash Equivalents | 250,867.00 | 278,598.00 | 326,441.00 | 466,544.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 20,316.00 | 25,182.00 | 72,971.00 | 32,166.00 |
| Inventory | 18,387.00 | 16,177.00 | 12,073.00 | 11,122.00 |
| Other Current Assets | 17,820.00 | 16,334.00 | 23,495.00 | 15,350.00 |
| Non-Current Assets | 14,590.00 | 18,491.00 | 55,879.00 | 92,790.00 |
| Property, Plant, Equipment Net | 13,429.00 | 16,133.00 | 10,260.00 | 11,230.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 14,360.00 | 13,582.00 |
| Long-Term Investments | 0 | 1,647.00 | 7,613.00 | 41,236.00 |
| Non-Current Deferred Assets | 0 | 0 | 37,104.00 | 26,049.00 |
| Other Non-Current Assets | 0 | 0 | -13,458.00 | 693.00 |
| Liabilities | 524,622.00 | 503,031.00 | 411,408.00 | 451,884.00 |
| Current Liabilities | 80,469.00 | 67,670.00 | 81,939.00 | 73,935.00 |
| Payables and Expenses | 52,152.00 | 53,164.00 | 64,284.00 | 52,217.00 |
| Account Payables | 18,029.00 | 15,569.00 | 12,351.00 | 12,080.00 |
| Current Accrued Liabilities | 34,123.00 | 37,595.00 | 51,933.00 | 36,383.00 |
| Short-Term Debt | 1,371.00 | 1,467.00 | 1,097.00 | 7,604.00 |
| Other Current Liabilities | 26,946.00 | 13,039.00 | 16,558.00 | 14,114.00 |
| Non-Current Liabilities | 444,153.00 | 435,361.00 | 329,469.00 | 377,949.00 |
| Long-Term Debt | 121,627.00 | 122,910.00 | 116,278.00 | 132,094.00 |
| Other Non-Current Liabilities | 322,526.00 | 312,451.00 | 213,191.00 | 245,855.00 |
| Equity | -202,642.00 | -148,249.00 | 79,451.00 | 166,088.00 |
| Shareholders Equity | -202,642.00 | -148,249.00 | 79,451.00 | 166,088.00 |
| Capital Stock | 8,425.00 | 7,312.00 | 7,312.00 | 6,445.00 |
| Share Premium | 1,283,892.00 | 1,180,545.00 | 1,166,414.00 | 981,827.00 |
| Retained Earnings | -1,493,318.00 | -1,335,472.00 | -1,095,419.00 | -924,885.00 |
| Treasury Shares | 220.00 | 541.00 | 679.00 | 128.00 |
| Accumulated Other Comprehensive Income | -1,421.00 | -93.00 | 1,823.00 | 102,829.00 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 122,998.00 | 124,377.00 | 117,375.00 | 139,698.00 |
| Common Shares Outstanding | 98,861.40 | 82,293.14 | 80,642.53 | 76,810.48 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 70,837.00 | 69,558.00 | 209,908.00 | 33,917.00 |
| Cost Of Revenue | 5,949.00 | 2,529.00 | 3,301.00 | 1,393.00 |
| Interest Income | 12,272.00 | 10,540.00 | 2,568.00 | 66.00 |
| Interest Expense | 50,211.00 | 46,325.00 | 36,731.00 | 18,340.00 |
| Non-Interest Expense | 85,909.00 | 105,888.00 | 143,494.00 | 136,242.00 |
| Gross Profit | 64,888.00 | 67,029.00 | 206,607.00 | 32,524.00 |
| Operating Expenses | 194,479.00 | 232,080.00 | 329,594.00 | 293,878.00 |
| Selling, General and Administrative Expenses | 85,909.00 | 105,888.00 | 143,494.00 | 136,242.00 |
| Research and Development Expenses | 109,633.00 | 127,127.00 | 186,457.00 | 158,002.00 |
| Operating Income | -129,591.00 | -165,051.00 | -122,987.00 | -261,354.00 |
| Net Non-Operating Income | 11,474.00 | 5,469.00 | 26,906.00 | 366.00 |
| EBT | -156,136.00 | -195,419.00 | -146,817.00 | -251,505.00 |
| Income Tax | 166.00 | 39,106.00 | 227.00 | -21,479.00 |
| Net Income Including Non-Controlling Interests | -157,846.00 | -240,053.00 | -157,128.00 | -230,026.00 |
| Net Income | -157,846.00 | -240,053.00 | -157,128.00 | -230,026.00 |
| EBIT | -105,925.00 | -149,094.00 | -110,086.00 | -233,165.00 |
| Deprecation and Amortization | 3,276.00 | 3,267.00 | 2,388.00 | 2,630.00 |
| EBITDA | -102,649.00 | -145,827.00 | -107,698.00 | -230,535.00 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 97,159.97 | 81,712.17 | 78,152.96 | 76,675.33 |
| Average Shares Outstanding Diluted | 97,159.97 | 81,712.17 | 78,152.96 | 76,675.33 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -123,835.00 | -118,686.00 | -138,311.00 | -233,378.00 |
| Operating Net Income | -157,846.00 | -240,053.00 | -157,128.00 | -230,026.00 |
| Deprecation and Amortization | 3,276.00 | 3,267.00 | 2,388.00 | 2,630.00 |
| Deferred Income Tax | 0 | 37,104.00 | -1,621.00 | -26,049.00 |
| Share Based Compensation | 6,568.00 | 13,495.00 | 49,322.00 | 60,480.00 |
| Change in Working Capital | 3,826.00 | 44,271.00 | -48,725.00 | -15,710.00 |
| Other Operating Activities | 20,341.00 | 23,230.00 | 17,453.00 | -24,703.00 |
| Investing Cash Flow | -867.00 | -3,216.00 | -687.00 | -6,673.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -867.00 | -3,216.00 | -687.00 | -3,430.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.00 | 0.00 | 0.00 | -3,243.00 |
| Financing Cash Flow | 97,054.00 | 73,875.00 | -897.00 | 267,394.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 115,597.00 | 48,614.00 |
| Net Issuance/Repurchase of Equity | 60,506.00 | 0 | 6,130.00 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 73,875.00 | -122,624.00 | 218,780.00 |
| Net Change in Cash | -27,648.00 | -48,027.00 | -139,895.00 | 27,343.00 |
| Cash at Beginning of Period | 278,598.00 | 326,441.00 | 466,544.00 | 439,195.00 |
| Cash at End of Period | 250,867.00 | 278,598.00 | 326,441.00 | 466,544.00 |
| Free Cash Flow | -124,702.00 | -121,902.00 | -138,998.00 | -239,754.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 289,758.00 | 321,561.00 | 272,539.00 | 321,980.00 | 349,079.00 |
| Current Assets | 287,149.00 | 318,755.00 | 257,989.00 | 307,390.00 | 333,005.00 |
| Cash and Short-Term Investments | 234,738.00 | 264,560.00 | 194,701.00 | 250,867.00 | 274,272.00 |
| Cash and Cash Equivalents | 234,738.00 | 264,560.00 | 194,701.00 | 250,867.00 | 274,272.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 22,918.00 | 26,184.00 | 31,762.00 | 20,316.00 | 24,030.00 |
| Inventory | 18,042.00 | 17,763.00 | 17,447.00 | 18,387.00 | 16,072.00 |
| Other Current Assets | 11,451.00 | 10,248.00 | 14,079.00 | 17,820.00 | 18,631.00 |
| Non-Current Assets | 2,609.00 | 2,806.00 | 14,550.00 | 14,590.00 | 16,074.00 |
| Property, Plant, Equipment Net | 1,393.00 | 1,489.00 | 13,387.00 | 13,429.00 | 14,909.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 1,161.00 | 1,165.00 |
| Liabilities | 527,941.00 | 520,745.00 | 510,762.00 | 524,622.00 | 521,025.00 |
| Current Liabilities | 62,044.00 | 64,600.00 | 57,794.00 | 80,469.00 | 67,679.00 |
| Payables and Expenses | 43,619.00 | 43,920.00 | 38,823.00 | 52,152.00 | 54,445.00 |
| Account Payables | 8,119.00 | 9,616.00 | 15,592.00 | 18,029.00 | 14,372.00 |
| Current Accrued Liabilities | 35,500.00 | 34,304.00 | 23,231.00 | 34,123.00 | 40,073.00 |
| Short-Term Debt | 933.00 | 1,792.00 | 1,368.00 | 1,371.00 | 1,479.00 |
| Other Current Liabilities | 17,492.00 | 18,888.00 | 17,603.00 | 26,946.00 | 11,755.00 |
| Non-Current Liabilities | 465,897.00 | 456,145.00 | 452,968.00 | 444,153.00 | 453,346.00 |
| Long-Term Debt | 116,333.00 | 115,731.00 | 121,730.00 | 121,627.00 | 123,072.00 |
| Other Non-Current Liabilities | 349,564.00 | 340,414.00 | 331,238.00 | 322,526.00 | 330,274.00 |
| Equity | -238,183.00 | -199,184.00 | -238,223.00 | -202,642.00 | -171,946.00 |
| Shareholders Equity | -238,183.00 | -199,184.00 | -238,223.00 | -202,642.00 | -171,946.00 |
| Capital Stock | 9,763.00 | 9,753.00 | 8,439.00 | 8,425.00 | 8,233.00 |
| Share Premium | 1,382,493.00 | 1,380,224.00 | 1,286,557.00 | 1,283,892.00 | 1,282,431.00 |
| Retained Earnings | -1,629,532.00 | -1,588,566.00 | -1,531,920.00 | -1,493,318.00 | -1,462,591.00 |
| Treasury Shares | 205.00 | 207.00 | 207.00 | 220.00 | 222.00 |
| Accumulated Other Comprehensive Income | -702.00 | -388.00 | -1,092.00 | -1,421.00 | 203.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 117,266.00 | 117,523.00 | 123,098.00 | 122,998.00 | 124,551.00 |
| Common Shares Outstanding | 112,626.73 | 112,499.08 | 99,178.29 | 98,861.40 | 96,687.99 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 16,427.00 | 18,839.00 | 23,033.00 | 16,910.00 | 18,464.00 |
| Cost Of Revenue | 1,202.00 | 836.00 | 2,061.00 | 1,371.00 | 851.00 |
| Interest Income | 2,470.00 | 1,934.00 | 2,054.00 | 2,633.00 | 3,438.00 |
| Interest Expense | 13,392.00 | 12,997.00 | 12,230.00 | 11,919.00 | 13,117.00 |
| Non-Interest Expense | 19,014.00 | 18,969.00 | 20,508.00 | 20,874.00 | 20,675.00 |
| Gross Profit | 15,225.00 | 18,003.00 | 20,972.00 | 15,539.00 | 17,613.00 |
| Operating Expenses | 45,551.00 | 48,578.00 | 49,155.00 | 47,746.00 | 52,910.00 |
| Selling, General and Administrative Expenses | 19,014.00 | 18,969.00 | 20,508.00 | 20,874.00 | 20,675.00 |
| Research and Development Expenses | 26,803.00 | 30,090.00 | 28,928.00 | 27,101.00 | 32,502.00 |
| Operating Income | -30,326.00 | -30,575.00 | -28,183.00 | -32,207.00 | -35,297.00 |
| Net Non-Operating Income | 321.00 | 184.00 | 12.00 | 10,450.00 | 1,336.00 |
| EBT | -40,966.00 | -55,392.00 | -38,437.00 | -31,048.00 | -43,619.00 |
| Income Tax | 0 | 1,254.00 | 165.00 | -321.00 | 90.00 |
| Net Income Including Non-Controlling Interests | -40,966.00 | -56,646.00 | -38,602.00 | -30,727.00 | -43,969.00 |
| Net Income | -40,966.00 | -56,646.00 | -38,602.00 | -30,727.00 | -43,969.00 |
| EBIT | -27,574.00 | -42,395.00 | -26,207.00 | -19,129.00 | -30,502.00 |
| Deprecation and Amortization | 122.00 | 840.00 | 801.00 | 793.00 | 802.00 |
| EBITDA | -27,452.00 | -41,555.00 | -25,406.00 | -18,336.00 | -29,700.00 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 136,446.53 | 113,743.36 | 107,202.37 | 105,396.68 | 104,824.88 |
| Average Shares Outstanding Diluted | 136,446.53 | 113,743.36 | 107,202.37 | 105,396.68 | 104,824.88 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -29,630.00 | -24,087.00 | -56,334.00 | -21,852.00 | -25,043.00 |
| Operating Net Income | -40,966.00 | -56,646.00 | -38,602.00 | -30,727.00 | -43,969.00 |
| Deprecation and Amortization | 122.00 | 840.00 | 801.00 | 793.00 | 802.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 2,000.00 | 1,811.00 | 2,421.00 | 1,616.00 | 2,806.00 |
| Change in Working Capital | 392.00 | 15,347.00 | -29,515.00 | 10,027.00 | 8,541.00 |
| Other Operating Activities | 0 | 0 | 0 | -3,561.00 | 6,777.00 |
| Investing Cash Flow | 0 | 0 | -264.00 | -90.00 | -216.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | 0 | 0 | -264.00 | -90.00 | -216.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -198.00 | 93,783.00 | 271.00 | -1,120.00 | -879.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | -479.00 | 0 | 0 | 0 | -1,225.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 281.00 | 0 | 0 | -1,120.00 | 346.00 |
| Net Change in Cash | -29,828.00 | 69,696.00 | -56,327.00 | -23,062.00 | -26,138.00 |
| Cash at Beginning of Period | 264,560.00 | 194,701.00 | 250,867.00 | 274,272.00 | 300,119.00 |
| Cash at End of Period | 234,738.00 | 264,560.00 | 194,701.00 | 250,867.00 | 274,272.00 |
| Free Cash Flow | -29,630.00 | -24,087.00 | -56,598.00 | -21,942.00 | -25,259.00 |