ALEC
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -1.54 | -5.12 | -5.70 | -45.89 |
| Price to Sales | 1.82 | 6.88 | 5.70 | 8.02 |
| Book Value Per Common Share | 1.28 | 1.58 | 2.59 | 3.67 |
| Price to Book | 1.48 | 5.05 | 3.57 | 5.63 |
| Price to Operating Cash Flow | -0.79 | -3.63 | -37.44 | 5.56 |
| Price to Free Cash Flow | -0.79 | -3.58 | -31.14 | 5.62 |
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | -8.71 | -4.67 | -3.00 | -94.50 | -10.84 |
| Price to Sales | 93.08 | 17.86 | 33.24 | 3.43 | 29.62 |
| Book Value Per Common Share | 0.54 | 0.70 | 0.95 | 1.28 | 1.21 |
| Price to Book | 5.51 | 1.99 | 1.30 | 1.48 | 3.84 |
| Price to Operating Cash Flow | -9.34 | -2.87 | -2.01 | -3.38 | -8.96 |
| Price to Free Cash Flow | -9.34 | -2.86 | -2.01 | -3.37 | -8.92 |
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 3.60 | -27.36 | -35.48 | |
| 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 | -58.60 | 114.32 | -93.23 | 253.54 | |
| EBITDA YoY | |||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 4.28 | 6.55 | 8.64 | 9.14 |
| Quick Ratio | 7.63 | 5.32 | ||
| Current Ratio | 3.40 | 3.18 | 7.74 | 5.37 |
| Debt to Equity | 2.69 | 3.64 | 2.67 | 1.71 |
| Long-Term Debt to Equity | 1.71 | 2.31 | 2.24 | 1.24 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 2.84 | 3.06 | 3.57 | 4.20 | 4.69 |
| Quick Ratio | |||||
| Current Ratio | 3.76 | 3.78 | 3.34 | 3.40 | 3.29 |
| Debt to Equity | 4.81 | 4.01 | 3.32 | 2.69 | 3.34 |
| Long-Term Debt to Equity | 3.42 | 2.82 | 2.16 | 1.71 | 2.14 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -25.42 | -20.97 | -16.93 | -4.46 |
| ROE | -93.89 | -97.19 | -62.17 | -12.08 |
| Gross Margin | ||||
| Operating Margin | -144.19 | -156.33 | -103.16 | -18.04 |
| EBITDA Margin | -135.40 | -147.22 | -96.82 | -14.03 |
| Net Profit Margin | -118.39 | -134.34 | -99.77 | -17.54 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | -10.34 | -8.56 | -9.91 | -0.44 | -8.18 |
| ROE | -60.07 | -42.89 | -42.78 | -1.64 | -35.50 |
| Gross Margin | |||||
| Operating Margin | -1153.62 | -433.55 | -1216.52 | -13.36 | -315.70 |
| EBITDA Margin | -1082.09 | -392.63 | -1166.22 | -9.53 | -301.41 |
| Net Profit Margin | -1063.40 | -387.66 | -1101.55 | -3.82 | -275.19 |
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 | 468,303.00 | 621,827.00 | 787,648.00 | 814,658.00 |
| Current Assets | 424,817.00 | 565,807.00 | 726,435.00 | 749,713.00 |
| Cash and Short-Term Investments | 413,397.00 | 548,861.00 | 712,851.00 | 735,251.00 |
| Cash and Cash Equivalents | 33,021.00 | 74,555.00 | 154,323.00 | 329,152.00 |
| Short-Term Investments | 380,376.00 | 474,306.00 | 558,528.00 | 406,099.00 |
| Net Receivables | 0 | 0 | 2,587.00 | 7,391.00 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 16,946.00 | 10,997.00 | 7,071.00 |
| Non-Current Assets | 43,486.00 | 56,020.00 | 61,213.00 | 64,945.00 |
| Property, Plant, Equipment Net | 37,096.00 | 47,056.00 | 53,332.00 | 57,899.00 |
| 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 | 6,390.00 | 8,964.00 | 7,881.00 | 7,046.00 |
| Liabilities | 341,503.00 | 487,669.00 | 573,206.00 | 513,934.00 |
| Current Liabilities | 125,059.00 | 177,948.00 | 93,809.00 | 139,555.00 |
| Payables and Expenses | 25,795.00 | 31,774.00 | 24,761.00 | 29,293.00 |
| Account Payables | 2,215.00 | 3,775.00 | 4,189.00 | 4,749.00 |
| Current Accrued Liabilities | 17,666.00 | 20,296.00 | 20,572.00 | 24,544.00 |
| Short-Term Debt | 8,754.00 | 8,462.00 | 8,059.00 | 7,795.00 |
| Other Current Liabilities | 90,510.00 | 137,712.00 | 60,989.00 | 102,467.00 |
| Non-Current Liabilities | 216,444.00 | 309,721.00 | 479,397.00 | 374,379.00 |
| Long-Term Debt | 33,765.00 | 30,456.00 | 35,268.00 | 39,806.00 |
| Other Non-Current Liabilities | 182,679.00 | 279,265.00 | 444,129.00 | 334,573.00 |
| Equity | 126,800.00 | 134,158.00 | 214,442.00 | 300,724.00 |
| Shareholders Equity | 126,800.00 | 134,158.00 | 214,442.00 | 300,724.00 |
| Capital Stock | 9.00 | 8.00 | 8.00 | 8.00 |
| Share Premium | 955,657.00 | 844,044.00 | 798,696.00 | 748,036.00 |
| Retained Earnings | -829,127.00 | -710,078.00 | -579,687.00 | -446,377.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 261.00 | 184.00 | -4,575.00 | -943.00 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 42,519.00 | 38,918.00 | 43,327.00 | 47,601.00 |
| Common Shares Outstanding | 99,085.89 | 84,879.69 | 82,895.72 | 81,986.19 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 100,558.00 | 97,062.00 | 133,617.00 | 207,085.00 |
| Non-Interest Expense | 59,615.00 | 56,687.00 | 61,033.00 | 55,038.00 |
| Operating Expenses | 245,555.00 | 248,802.00 | 271,451.00 | 244,445.00 |
| Selling, General and Administrative Expenses | 59,615.00 | 56,687.00 | 61,033.00 | 55,038.00 |
| Research and Development Expenses | 185,940.00 | 192,115.00 | 210,418.00 | 189,407.00 |
| Operating Income | -144,997.00 | -151,740.00 | -137,834.00 | -37,360.00 |
| Net Non-Operating Income | 26,076.00 | 26,561.00 | 7,778.00 | 1,031.00 |
| EBT | -118,921.00 | -125,179.00 | -130,056.00 | -36,329.00 |
| Income Tax | 128.00 | 5,212.00 | 3,254.00 | 0 |
| Net Income Including Non-Controlling Interests | -119,049.00 | -130,391.00 | -133,310.00 | -36,329.00 |
| Net Income | -119,049.00 | -130,391.00 | -133,310.00 | -36,329.00 |
| EBIT | -144,997.00 | -151,740.00 | -137,834.00 | -37,360.00 |
| Deprecation and Amortization | 8,841.00 | 8,848.00 | 8,472.00 | 8,315.00 |
| EBITDA | -136,156.00 | -142,892.00 | -129,362.00 | -29,045.00 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 96,588.18 | 83,733.73 | 82,467.59 | 80,416.94 |
| Average Shares Outstanding Diluted | 96,588.18 | 83,733.73 | 82,467.59 | 80,416.94 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -229,905.00 | -184,162.00 | -20,329.00 | 298,551.00 |
| Operating Net Income | -119,049.00 | -130,391.00 | -133,310.00 | -36,329.00 |
| Deprecation and Amortization | 8,841.00 | 8,848.00 | 8,472.00 | 8,315.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 39,463.00 | 42,798.00 | 46,146.00 | 40,785.00 |
| Change in Working Capital | -146,986.00 | -90,147.00 | 59,526.00 | 283,681.00 |
| Other Operating Activities | -12,174.00 | -15,270.00 | -1,163.00 | 2,099.00 |
| Investing Cash Flow | 107,131.00 | 101,918.00 | -159,014.00 | -49,663.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -1,255.00 | -2,381.00 | -4,117.00 | -3,247.00 |
| Net Purchase/Sale of Investments Net | 108,386.00 | 104,299.00 | -154,897.00 | -46,416.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 81,540.00 | 2,550.00 | 4,514.00 | 30,295.00 |
| Net Issuance/Repayment of Debt | 9,389.00 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 0 |
| Net Change in Cash | -41,234.00 | -79,694.00 | -174,829.00 | 279,183.00 |
| Cash at Beginning of Period | 76,101.00 | 155,795.00 | 330,624.00 | 51,441.00 |
| Cash at End of Period | 34,867.00 | 76,101.00 | 155,795.00 | 330,624.00 |
| Free Cash Flow | -231,160.00 | -186,543.00 | -24,446.00 | 295,304.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 335,285.00 | 356,422.00 | 408,303.00 | 468,303.00 | 516,023.00 |
| Current Assets | 300,385.00 | 319,178.00 | 366,650.00 | 424,817.00 | 469,364.00 |
| Cash and Short-Term Investments | 291,108.00 | 307,280.00 | 354,551.00 | 413,397.00 | 457,202.00 |
| Cash and Cash Equivalents | 76,503.00 | 44,771.00 | 37,973.00 | 33,021.00 | 37,159.00 |
| Short-Term Investments | 214,605.00 | 262,509.00 | 316,578.00 | 380,376.00 | 420,043.00 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 9,277.00 | 11,898.00 | 12,099.00 | 11,420.00 | 12,162.00 |
| Non-Current Assets | 34,900.00 | 37,244.00 | 41,653.00 | 43,486.00 | 46,659.00 |
| Property, Plant, Equipment Net | 28,583.00 | 30,904.00 | 35,289.00 | 37,096.00 | 39,025.00 |
| 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 | 6,317.00 | 6,340.00 | 6,364.00 | 6,390.00 | 7,634.00 |
| Liabilities | 277,573.00 | 285,247.00 | 313,693.00 | 341,503.00 | 397,090.00 |
| Current Liabilities | 79,964.00 | 84,354.00 | 109,773.00 | 125,059.00 | 142,525.00 |
| Payables and Expenses | 37,424.00 | 28,189.00 | 34,522.00 | 25,795.00 | 40,864.00 |
| Account Payables | 4,757.00 | 2,217.00 | 2,326.00 | 2,215.00 | 5,017.00 |
| Current Accrued Liabilities | 21,879.00 | 19,365.00 | 23,151.00 | 17,666.00 | 29,075.00 |
| Short-Term Debt | 8,979.00 | 8,904.00 | 8,830.00 | 8,754.00 | 8,680.00 |
| Other Current Liabilities | 33,561.00 | 47,261.00 | 66,421.00 | 90,510.00 | 92,981.00 |
| Non-Current Liabilities | 197,609.00 | 200,893.00 | 203,920.00 | 216,444.00 | 254,565.00 |
| Long-Term Debt | 28,896.00 | 30,579.00 | 32,218.00 | 33,765.00 | 25,959.00 |
| Other Non-Current Liabilities | 168,713.00 | 170,314.00 | 171,702.00 | 182,679.00 | 228,606.00 |
| Equity | 57,712.00 | 71,175.00 | 94,610.00 | 126,800.00 | 118,933.00 |
| Shareholders Equity | 57,712.00 | 71,175.00 | 94,610.00 | 126,800.00 | 118,933.00 |
| Capital Stock | 10.00 | 9.00 | 9.00 | 9.00 | 9.00 |
| Share Premium | 992,294.00 | 971,192.00 | 964,008.00 | 955,657.00 | 945,046.00 |
| Retained Earnings | -934,789.00 | -900,122.00 | -869,598.00 | -829,127.00 | -827,053.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 197.00 | 96.00 | 191.00 | 261.00 | 931.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 37,875.00 | 39,483.00 | 41,048.00 | 42,519.00 | 34,639.00 |
| Common Shares Outstanding | 107,446.06 | 101,212.33 | 99,992.60 | 99,085.89 | 97,929.90 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 3,260.00 | 7,874.00 | 3,674.00 | 54,240.00 | 15,342.00 |
| Non-Interest Expense | 11,518.00 | 14,401.00 | 14,728.00 | 15,028.00 | 15,778.00 |
| Operating Expenses | 40,868.00 | 42,012.00 | 48,369.00 | 61,489.00 | 63,776.00 |
| Selling, General and Administrative Expenses | 11,518.00 | 14,401.00 | 14,728.00 | 15,028.00 | 15,778.00 |
| Research and Development Expenses | 29,350.00 | 27,611.00 | 33,641.00 | 46,461.00 | 47,998.00 |
| Operating Income | -37,608.00 | -34,138.00 | -44,695.00 | -7,249.00 | -48,434.00 |
| Net Non-Operating Income | 2,941.00 | 3,614.00 | 4,224.00 | 5,223.00 | 6,214.00 |
| EBT | -34,667.00 | -30,524.00 | -40,471.00 | -2,026.00 | -42,220.00 |
| Income Tax | 0 | 0 | 0 | 48.00 | 0 |
| Net Income Including Non-Controlling Interests | -34,667.00 | -30,524.00 | -40,471.00 | -2,074.00 | -42,220.00 |
| Net Income | -34,667.00 | -30,524.00 | -40,471.00 | -2,074.00 | -42,220.00 |
| EBIT | -37,608.00 | -34,138.00 | -44,695.00 | -7,249.00 | -48,434.00 |
| Deprecation and Amortization | 2,332.00 | 3,222.00 | 1,848.00 | 2,078.00 | 2,191.00 |
| EBITDA | -35,276.00 | -30,916.00 | -42,847.00 | -5,171.00 | -46,243.00 |
| 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 | 102,597.60 | 100,371.63 | 99,398.20 | 98,319.42 | 97,519.60 |
| Average Shares Outstanding Diluted | 102,597.60 | 100,371.63 | 99,398.20 | 98,319.42 | 97,519.60 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -32,511.00 | -49,046.00 | -60,783.00 | -55,028.00 | -50,734.00 |
| Operating Net Income | -34,667.00 | -30,524.00 | -40,471.00 | -2,074.00 | -42,220.00 |
| Deprecation and Amortization | 2,332.00 | 3,222.00 | 1,848.00 | 2,078.00 | 2,191.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 6,402.00 | 7,062.00 | 8,351.00 | 10,212.00 | 9,035.00 |
| Change in Working Capital | -5,105.00 | -28,270.00 | -28,553.00 | -62,665.00 | -18,682.00 |
| Other Operating Activities | -1,473.00 | -536.00 | -1,958.00 | -2,579.00 | -1,058.00 |
| Investing Cash Flow | 49,542.00 | 55,722.00 | 65,735.00 | 41,402.00 | 40,348.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -11.00 | -10.00 | -20.00 | -173.00 | -212.00 |
| Net Purchase/Sale of Investments Net | 49,553.00 | 55,732.00 | 65,755.00 | 41,575.00 | 40,560.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 14,701.00 | 122.00 | 0 | 9,788.00 | 0 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 14,701.00 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0.00 | 122.00 | 0 | 9,788.00 | 0 |
| Net Change in Cash | 31,732.00 | 6,798.00 | 4,952.00 | -3,838.00 | -10,386.00 |
| Cash at Beginning of Period | 46,617.00 | 39,819.00 | 34,867.00 | 38,705.00 | 49,091.00 |
| Cash at End of Period | 78,349.00 | 46,617.00 | 39,819.00 | 34,867.00 | 38,705.00 |
| Free Cash Flow | -32,522.00 | -49,056.00 | -60,803.00 | -55,201.00 | -50,946.00 |