Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -1.61 -1.54 -2.71 -7.89
Price to Sales 4260.00 5350.00 3700.00 52.63
Book Value Per Common Share 1.99 3.04 4.61 6.43 7.69
Price to Book 1.07 1.06 1.36 2.32 3.28
Price to Operating Cash Flow -2.07 -2.12 -4.08 -10.96 -30.81
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 -1.77 -2.22 -5.21 -2.69 -3.19 -11.76 -2.05 -4.11 -7.26 -6.47 -10.46 -16.27 -19.04 -33.44
Price to Sales 5600.00 3883.33 7450.00 3522.22 7100.00 7057.14 7714.29 11400.00 13014.29 90.05 90.68 130.26
Book Value Per Common Share 1.41 1.57 1.76 1.99 2.21 2.46 2.71 3.04 3.47 3.73 4.06 4.61 5.14 5.58 5.96 6.43 6.81 7.20 7.56 7.69
Price to Book 0.88 0.72 0.83 1.07 1.26 0.95 1.65 1.06 0.91 1.33 1.22 1.36 2.10 2.04 1.53 2.32 3.77 3.62 4.67 3.28
Price to Operating Cash Flow -2.23 -2.67 -5.94 -3.24 -3.50 -13.52 -2.64 -5.63 -10.72 -9.74 -14.65 -18.87 -24.84 -38.47 -101.23
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 0.00 -58.85 -99.37
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 0.00 0.00 39.00 0.00 36.05 47.00 0.10 0.14
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 1.92 2.86 4.03 5.96 7.12
Quick Ratio
Current Ratio 8.54 12.38 9.70 9.78 8.96
Debt to Equity 0.30 0.26 0.23 0.13 0.14
Long-Term Debt to Equity 0.22 0.18 0.15 0.08 0.05
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 1.27 1.39 1.56 1.76 2.13 2.48 2.35 2.66 3.25 3.74 3.56 3.99 4.46 4.82 5.19 5.68 6.40 6.84 6.82 7.12
Quick Ratio
Current Ratio 8.19 8.92 9.71 8.54 9.35 12.25 12.80 12.38 12.58 9.18 8.08 9.70 11.64 11.42 12.74 9.78 9.40 13.09 13.06 8.96
Debt to Equity 0.39 0.37 0.32 0.30 0.27 0.26 0.27 0.26 0.22 0.24 0.26 0.23 0.20 0.18 0.13 0.13 0.11 0.10 0.10 0.14
Long-Term Debt to Equity 0.29 0.27 0.24 0.22 0.20 0.18 0.20 0.18 0.16 0.15 0.16 0.15 0.13 0.13 0.08 0.08 0.06 0.06 0.05 0.05

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -46.94 -50.91 -40.71 -24.74 -20.38
ROE -61.01 -63.89 -49.95 -28.04 -23.18
Gross Margin
Operating Margin -256766.00 -327265.00 -136885.60 -667.55
EBITDA Margin -243127.00 -313066.00 -131002.88 -640.39
Net Profit Margin -257590.00 -327265.00 -136885.60 -667.55
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 -34.58 -23.52 -11.76 -33.55 -20.31 -11.09 -33.41 -22.92 -13.22 -26.79 -16.32 -8.28 -16.88 -9.23 -2.80
ROE -48.23 -32.12 -15.50 -42.62 -25.50 -14.09 -40.82 -28.37 -16.67 -32.13 -19.28 -9.34 -18.78 -10.15 -3.09
Gross Margin
Operating Margin -197551.00 -131358.00 -65000.00 -171228.78 -176693.00 -98704.00 -118892.50 -105195.24 -79850.00 -473.85 -270.71 -86.10
EBITDA Margin -187145.00 -124159.00 -61445.00 -163515.11 -169543.00 -95197.00 -113279.00 -100183.67 -76158.00 -457.69 -260.60 -81.10
Net Profit Margin -197651.00 -131358.00 -65000.00 -171228.78 -176693.00 -98704.00 -118892.50 -105195.24 -79850.00 -473.85 -270.71 -86.10

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 548,710.00 642,837.00 817,079.00 1,038,634.00 1,227,829.00
   Current Assets 303,386.00 459,115.00 528,824.00 471,323.00 845,130.00
      Cash and Short-Term Investments 373,100.00 448,700.00 576,500.00 809,500.00 1,000,000.00
            Cash and Cash Equivalents 75,218.00 83,155.00 61,904.00 173,314.00 183,351.00
            Short-Term Investments 217,258.00 365,542.00 455,416.00 283,988.00 644,559.00
      Net Receivables 0 0 0 0 0
      Inventory 0 0 0 0 0
      Other Current Assets -69,714.00 10,415.00 -47,676.00 -338,177.00 -154,870.00
   Non-Current Assets 245,324.00 183,722.00 288,255.00 567,311.00 382,699.00
      Property, Plant, Equipment Net 153,561.00 190,281.00 196,631.00 181,320.00 160,235.00
      Real Estate 0 5,000.00 5,000.00 0 0
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 80,673.00 7,245.00 71,968.00 388,184.00 211,646.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 11,090.00 -13,804.00 19,656.00 -2,193.00 10,818.00
Liabilities 126,531.00 130,604.00 151,209.00 122,228.00 148,212.00
   Current Liabilities 35,523.00 37,079.00 54,518.00 48,174.00 94,320.00
      Payables and Expenses 17,540.00 18,562.00 31,825.00 10,255.00 10,390.00
            Account Payables 5,394.00 5,897.00 13,890.00 10,255.00 10,390.00
            Current Accrued Liabilities 12,146.00 12,665.00 17,935.00 0 0
      Short-Term Debt 7,509.00 6,775.00 6,002.00 3,200.00 2,974.00
      Other Current Liabilities 10,474.00 11,742.00 16,691.00 34,719.00 80,956.00
   Non-Current Liabilities 91,008.00 93,525.00 96,691.00 74,054.00 53,892.00
      Long-Term Debt 83,247.00 88,346.00 95,122.00 69,929.00 50,809.00
      Other Non-Current Liabilities 7,761.00 5,179.00 1,569.00 4,125.00 3,083.00
Equity 422,179.00 512,233.00 665,870.00 916,406.00 1,079,617.00
   Shareholders Equity 422,179.00 512,233.00 665,870.00 916,406.00 1,079,617.00
      Capital Stock 212.00 169.00 144.00 142.00 140.00
      Share Premium 2,241,879.00 2,075,252.00 1,911,632.00 1,822,179.00 1,725,552.00
      Retained Earnings -1,819,823.00 -1,562,233.00 -1,235,980.00 -903,348.00 -646,343.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -89.00 -955.00 -9,926.00 -2,567.00 268.00
   Minority Interest 0 0 0 0 0
Investments 297,931.00 372,787.00 527,384.00 672,172.00 856,205.00
Debt 83,247.00 88,346.00 95,122.00 69,929.00 50,809.00
Common Shares Outstanding 212,210.60 168,642.24 144,438.30 142,623.07 140,474.30
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 100.00 100.00 243.00 38,500.00 0
Operating Expenses 273,221.00 327,832.00 335,692.00 294,281.00 258,243.00
   Selling, General and Administrative Expenses 65,205.00 71,673.00 79,305.00 74,105.00 65,256.00
   Research and Development Expenses 201,199.00 242,914.00 264,387.00 230,476.00 201,487.00
   Other Operating Expenses 6,817.00 13,245.00 -8,000.00 -10,300.00 -8,500.00
Operating Income -273,199.00 -327,737.00 -335,449.00 -255,792.00 -258,243.00
Net Non-Operating Income 16,052.00 472.00 2,817.00 -1,213.00 8,022.00
Interest Expense 381.00 0.00 0.00 0.00 0.00
EBT -257,147.00 -327,265.00 -332,632.00 -257,005.00 -250,221.00
Income Tax 443.00 0.00 0.00 0.00 0.00
Net Income -257,590.00 -327,265.00 -332,632.00 -257,005.00 -250,221.00
EBIT -256,766.00 -327,265.00 -332,632.00 -257,005.00 -250,221.00
Deprecation and Amortization 13,639.00 14,199.00 14,295.00 10,454.00 7,586.00
EBITDA -243,127.00 -313,066.00 -318,337.00 -246,551.00 -242,635.00
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 194,811.76 156,931.78 143,147.17 135,820.39 0
Average Shares Outstanding Diluted 194,811.76 156,931.78 143,147.17 135,820.39 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -200,300.00 -237,733.00 -220,519.00 -184,812.00 -115,093.00
   Operating Net Income -257,590.00 -327,265.00 -332,632.00 -257,005.00 -250,221.00
   Deprecation and Amortization 13,639.00 14,199.00 14,295.00 10,454.00 7,586.00
   Deferred Income Tax 443.00 0 0 0 0
   Share Based Compensation 51,743.00 65,951.00 83,600.00 80,818.00 65,261.00
   Change in Working Capital 10,435.00 -7,747.00 3,591.00 -40,847.00 41,482.00
   Other Operating Activities -18,970.00 17,129.00 10,627.00 21,768.00 20,799.00
Investing Cash Flow 75,688.00 163,289.00 106,159.00 163,655.00 -505,123.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 694.00 1,516.00 5,191.00 21,446.00 65,958.00
   Net Purchase/Sale of Investments Net 799,332.00 1,042,063.00 607,568.00 1,253,977.00 1,636,017.00
   Net Purchase/Sale of Business 0 0 0 17,710.00 0
   Other Investing Activities -724,338.00 -880,290.00 -506,600.00 -1,129,478.00 -2,207,098.00
Financing Cash Flow 116,675.00 95,695.00 2,950.00 11,963.00 633,591.00
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 113,582.00 93,608.00 2,461.00 3,617.00 624,776.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 3,093.00 2,087.00 489.00 8,346.00 8,815.00
Net Change in Cash -7,937.00 21,251.00 -111,410.00 -9,194.00 13,375.00
   Cash at Beginning of Period 93,447.00 72,196.00 183,606.00 192,800.00 179,425.00
   Cash at End of Period 85,510.00 93,447.00 72,196.00 183,606.00 192,800.00
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 439,771.00 470,593.00 507,982.00 548,710.00 589,120.00 646,883.00 586,350.00 642,837.00 712,326.00 770,971.00 746,871.00 817,079.00 887,572.00 947,644.00 964,632.00 1,038,634.00 1,079,246.00 1,126,724.00 1,179,044.00 1,227,829.00
   Current Assets 260,719.00 282,655.00 291,576.00 303,386.00 304,415.00 457,124.00 395,364.00 459,115.00 473,454.00 502,101.00 481,465.00 528,824.00 569,061.00 513,028.00 469,744.00 471,323.00 502,858.00 602,171.00 716,061.00 845,130.00
      Cash and Short-Term Investments 277,100.00 302,600.00 335,500.00 373,100.00 403,400.00 444,600.00 397,300.00 448,700.00 497,700.00 544,500.00 514,000.00 576,500.00 637,300.00 686,100.00 733,100.00 809,500.00 861,700.00 913,200.00 964,200.00 1,000,000.00
            Cash and Cash Equivalents 37,815.00 52,332.00 42,455.00 75,218.00 51,239.00 170,667.00 51,039.00 83,155.00 69,246.00 154,758.00 109,931.00 61,904.00 74,357.00 96,041.00 84,514.00 173,314.00 190,021.00 223,503.00 236,865.00 183,351.00
            Short-Term Investments 214,379.00 220,788.00 237,588.00 217,258.00 240,325.00 273,961.00 333,821.00 365,542.00 396,259.00 337,204.00 361,293.00 455,416.00 477,872.00 394,451.00 364,536.00 283,988.00 293,464.00 364,204.00 462,716.00 644,559.00
      Net Receivables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets -16,381.00 -19,945.00 -43,924.00 -69,714.00 -98,985.00 12,524.00 -1,936.00 10,415.00 -24,246.00 -42,399.00 -32,535.00 -47,676.00 -68,239.00 -173,072.00 -263,356.00 -338,177.00 -358,842.00 -311,029.00 -248,139.00 -154,870.00
   Non-Current Assets 179,052.00 187,938.00 216,406.00 245,324.00 284,705.00 189,759.00 190,986.00 183,722.00 238,872.00 268,870.00 265,406.00 288,255.00 318,511.00 434,616.00 494,888.00 567,311.00 576,388.00 524,553.00 462,983.00 382,699.00
      Property, Plant, Equipment Net 118,931.00 122,924.00 129,267.00 153,561.00 152,602.00 160,465.00 162,814.00 190,281.00 181,569.00 186,800.00 192,013.00 196,631.00 199,887.00 204,253.00 177,557.00 181,320.00 164,647.00 164,933.00 163,435.00 160,235.00
      Real Estate 0 0 0 0 0 0 0 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 0 5,000.00 5,000.00 5,000.00 0
      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 24,944.00 29,510.00 55,506.00 80,673.00 113,821.00 3,134.00 15,121.00 7,245.00 37,535.00 62,496.00 53,912.00 71,968.00 99,154.00 211,333.00 298,297.00 388,184.00 396,132.00 344,342.00 283,924.00 211,646.00
      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 35,177.00 35,504.00 31,633.00 11,090.00 18,282.00 26,160.00 13,051.00 -13,804.00 19,768.00 19,574.00 19,481.00 19,656.00 19,470.00 19,030.00 19,034.00 -2,193.00 15,609.00 15,278.00 15,624.00 10,818.00
Liabilities 124,442.00 126,032.00 122,589.00 126,531.00 125,372.00 131,845.00 124,983.00 130,604.00 129,224.00 148,065.00 154,609.00 151,209.00 147,611.00 145,695.00 109,402.00 122,228.00 109,304.00 102,912.00 109,265.00 148,212.00
   Current Liabilities 31,833.00 31,675.00 30,022.00 35,523.00 32,571.00 37,305.00 30,894.00 37,079.00 37,636.00 54,721.00 59,585.00 54,518.00 48,872.00 44,909.00 36,877.00 48,174.00 53,490.00 45,998.00 54,849.00 94,320.00
      Payables and Expenses 3,699.00 4,851.00 5,058.00 17,540.00 5,506.00 12,936.00 5,779.00 18,562.00 6,205.00 10,229.00 14,688.00 31,825.00 11,045.00 9,713.00 8,708.00 10,255.00 11,499.00 11,005.00 14,875.00 10,390.00
            Account Payables 3,699.00 4,851.00 5,058.00 5,394.00 5,506.00 12,936.00 5,779.00 5,897.00 6,205.00 10,229.00 14,688.00 13,890.00 11,045.00 9,713.00 8,708.00 10,255.00 11,499.00 11,005.00 14,875.00 10,390.00
            Current Accrued Liabilities 0 0 0 12,146.00 0 0 0 12,665.00 0 0 0 17,935.00 0 0 0 0 0 0 0 0
      Short-Term Debt 8,008.00 7,756.00 7,631.00 7,509.00 7,389.00 7,221.00 6,930.00 6,775.00 6,578.00 6,381.00 6,189.00 6,002.00 5,831.00 5,344.00 3,588.00 3,200.00 3,235.00 3,147.00 3,061.00 2,974.00
      Other Current Liabilities 20,126.00 19,068.00 17,333.00 10,474.00 19,676.00 17,148.00 18,185.00 11,742.00 24,853.00 38,111.00 38,708.00 16,691.00 31,996.00 29,852.00 24,581.00 34,719.00 38,756.00 31,846.00 36,913.00 80,956.00
   Non-Current Liabilities 92,609.00 94,357.00 92,567.00 91,008.00 92,801.00 94,540.00 94,089.00 93,525.00 91,588.00 93,344.00 95,024.00 96,691.00 98,739.00 100,786.00 72,525.00 74,054.00 55,814.00 56,914.00 54,416.00 53,892.00
      Long-Term Debt 77,134.00 79,241.00 81,292.00 83,247.00 85,135.00 86,989.00 88,916.00 88,346.00 90,102.00 91,821.00 93,514.00 95,122.00 96,706.00 98,232.00 69,035.00 69,929.00 50,639.00 51,209.00 51,625.00 50,809.00
      Other Non-Current Liabilities 15,475.00 15,116.00 11,275.00 7,761.00 7,666.00 7,551.00 5,173.00 5,179.00 1,486.00 1,523.00 1,510.00 1,569.00 2,033.00 2,554.00 3,490.00 4,125.00 5,175.00 5,705.00 2,791.00 3,083.00
Equity 315,329.00 344,561.00 385,393.00 422,179.00 463,748.00 515,038.00 461,367.00 512,233.00 583,102.00 622,906.00 592,262.00 665,870.00 739,961.00 801,949.00 855,230.00 916,406.00 969,942.00 1,023,812.00 1,069,779.00 1,079,617.00
   Shareholders Equity 315,329.00 344,561.00 385,393.00 422,179.00 463,748.00 515,038.00 461,367.00 512,233.00 583,102.00 622,906.00 592,262.00 665,870.00 739,961.00 801,949.00 855,230.00 916,406.00 969,942.00 1,023,812.00 1,069,779.00 1,079,617.00
      Capital Stock 223.00 220.00 219.00 212.00 210.00 209.00 170.00 169.00 168.00 167.00 146.00 144.00 144.00 144.00 143.00 142.00 142.00 142.00 141.00 140.00
      Share Premium 2,286,770.00 2,274,885.00 2,264,687.00 2,241,879.00 2,223,265.00 2,209,200.00 2,089,357.00 2,075,252.00 2,059,333.00 2,039,263.00 1,932,734.00 1,911,632.00 1,893,908.00 1,871,262.00 1,847,534.00 1,822,179.00 1,798,678.00 1,774,298.00 1,749,097.00 1,725,552.00
      Retained Earnings -1,971,899.00 -1,930,499.00 -1,879,556.00 -1,819,823.00 -1,759,884.00 -1,693,591.00 -1,627,233.00 -1,562,233.00 -1,473,988.00 -1,412,673.00 -1,334,684.00 -1,235,980.00 -1,141,133.00 -1,057,985.00 -983,198.00 -903,348.00 -828,480.00 -750,294.00 -679,358.00 -646,343.00
      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 235.00 -45.00 43.00 -89.00 157.00 -780.00 -927.00 -955.00 -2,411.00 -3,851.00 -5,934.00 -9,926.00 -12,958.00 -11,472.00 -9,249.00 -2,567.00 -398.00 -334.00 -101.00 268.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 239,323.00 250,298.00 293,094.00 297,931.00 354,146.00 277,095.00 348,942.00 372,787.00 433,794.00 399,700.00 415,205.00 527,384.00 577,026.00 605,784.00 662,833.00 672,172.00 689,596.00 708,546.00 746,640.00 856,205.00
Debt 77,134.00 79,241.00 81,292.00 83,247.00 85,135.00 86,989.00 88,916.00 88,346.00 90,102.00 91,821.00 93,514.00 95,122.00 96,706.00 98,232.00 69,035.00 69,929.00 50,639.00 51,209.00 51,625.00 50,809.00
Common Shares Outstanding 223,163.67 220,133.88 218,598.26 212,210.60 209,500.14 209,049.48 170,452.97 168,642.24 168,175.22 167,133.66 145,740.33 144,438.30 144,031.59 143,723.17 143,569.90 142,623.07 142,439.83 142,120.73 141,470.08 140,474.30
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 0.00 0.00 0.00 -200.00 100.00 100.00 100.00 -239.00 139.00 100.00 100.00 -204.00 200.00 147.00 100.00 -76,683.00 38,438.00 38,400.00 38,345.00
Operating Expenses 166,911.00 122,010.00 65,191.00 -149,993.00 212,731.00 140,957.00 69,526.00 -193,676.00 242,702.00 179,684.00 99,122.00 -140,365.00 239,271.00 156,733.00 80,053.00 -140,221.00 220,337.00 142,619.00 71,546.00
   Selling, General and Administrative Expenses 43,009.00 29,272.00 14,991.00 -35,103.00 49,687.00 33,354.00 17,267.00 -39,068.00 54,449.00 37,408.00 18,884.00 -38,301.00 58,303.00 39,406.00 19,897.00 -31,548.00 54,144.00 35,146.00 16,363.00
   Research and Development Expenses 125,820.00 93,556.00 51,500.00 -117,201.00 155,427.00 110,214.00 52,759.00 -167,853.00 188,253.00 142,276.00 80,238.00 -94,064.00 180,968.00 117,327.00 60,156.00 -118,373.00 176,193.00 112,473.00 60,183.00
   Other Operating Expenses -1,918.00 -818.00 -1,300.00 2,311.00 7,617.00 -2,611.00 -500.00 13,245.00 0.00 0.00 0.00 -8,000.00 0.00 0.00 0.00 9,700.00 -10,000.00 -5,000.00 -5,000.00
Operating Income -166,911.00 -122,010.00 -65,191.00 149,949.00 -212,709.00 -140,935.00 -69,504.00 193,484.00 -242,563.00 -179,588.00 -99,070.00 140,204.00 -239,075.00 -156,586.00 -79,992.00 63,538.00 -181,899.00 -104,230.00 -33,201.00
Net Non-Operating Income 14,835.00 11,334.00 5,458.00 -13,087.00 15,058.00 9,577.00 4,504.00 -7,344.00 4,555.00 2,895.00 366.00 -564.00 1,290.00 1,949.00 142.00 -1,440.00 -238.00 279.00 186.00
Interest Expense 1,562.00 818.00 350.00 281.00 100.00 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 Interest 0 0 0 0 0 10,421.00 0 0 0 0 0 0 0 0 0 0 0 0 0
EBT -152,076.00 -110,676.00 -59,733.00 136,862.00 -197,651.00 -131,358.00 -65,000.00 186,140.00 -238,008.00 -176,693.00 -98,704.00 139,640.00 -237,785.00 -154,637.00 -79,850.00 62,098.00 -182,137.00 -103,951.00 -33,015.00
Income Tax 0.00 0.00 0.00 443.00 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 Income -152,076.00 -110,676.00 -59,733.00 136,419.00 -197,651.00 -131,358.00 -65,000.00 186,140.00 -238,008.00 -176,693.00 -98,704.00 139,640.00 -237,785.00 -154,637.00 -79,850.00 62,098.00 -182,137.00 -103,951.00 -33,015.00
EBIT -150,514.00 -109,858.00 -59,383.00 137,143.00 -197,551.00 -131,358.00 -65,000.00 186,140.00 -238,008.00 -176,693.00 -98,704.00 139,640.00 -237,785.00 -154,637.00 -79,850.00 62,098.00 -182,137.00 -103,951.00 -33,015.00
Deprecation and Amortization 9,302.00 6,205.00 3,099.00 -7,521.00 10,406.00 7,199.00 3,555.00 -7,180.00 10,722.00 7,150.00 3,507.00 -7,991.00 11,227.00 7,367.00 3,692.00 -1,558.00 6,212.00 3,882.00 1,918.00
EBITDA -141,212.00 -103,653.00 -56,284.00 129,622.00 -187,145.00 -124,159.00 -61,445.00 178,960.00 -227,286.00 -169,543.00 -95,197.00 131,649.00 -226,558.00 -147,270.00 -76,158.00 60,540.00 -175,925.00 -100,069.00 -31,097.00
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
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
Average Shares Outstanding Basic 218,800.08 217,153.95 215,358.62 241,021.27 189,519.90 179,577.50 169,128.36 184,389.84 153,087.45 145,685.99 144,563.83 146,046.61 142,809.47 142,376.28 141,356.31 275,087.97 134,690.31 133,503.26 0
Average Shares Outstanding Diluted 218,800.08 217,153.95 215,358.62 241,021.27 189,519.90 179,577.50 169,128.36 184,389.84 153,087.45 145,685.99 144,563.83 146,046.61 142,809.47 142,376.28 141,356.31 275,087.97 134,690.31 133,503.26 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
Operating Cash Flow -121,647.00 -91,959.00 -52,929.00 138,688.00 -163,602.00 -119,487.00 -55,899.00 141,428.00 -184,026.00 -128,496.00 -66,639.00 116,909.00 -158,423.00 -110,768.00 -68,237.00 94,390.00 -139,376.00 -90,498.00 -49,328.00
   Operating Net Income -152,076.00 -110,676.00 -59,733.00 136,419.00 -197,651.00 -131,358.00 -65,000.00 186,140.00 -238,008.00 -176,693.00 -98,704.00 139,640.00 -237,785.00 -154,637.00 -79,850.00 62,098.00 -182,137.00 -103,951.00 -33,015.00
   Deprecation and Amortization 9,302.00 6,205.00 3,099.00 -7,521.00 10,406.00 7,199.00 3,555.00 -7,180.00 10,722.00 7,150.00 3,507.00 -7,991.00 11,227.00 7,367.00 3,692.00 -1,558.00 6,212.00 3,882.00 1,918.00
   Deferred Income Tax 0 0 0 443.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 29,512.00 20,860.00 12,175.00 -24,534.00 38,870.00 25,483.00 11,924.00 -38,901.00 50,718.00 35,364.00 18,770.00 -50,275.00 66,354.00 45,206.00 22,315.00 -32,682.00 58,782.00 37,926.00 16,792.00
   Change in Working Capital -5,003.00 -1,098.00 -939.00 -32,214.00 16,119.00 27,999.00 -1,469.00 9,486.00 -11,066.00 -5,245.00 -922.00 -22,442.00 6,326.00 11,077.00 8,630.00 63,173.00 -32,114.00 -37,072.00 -34,834.00
   Other Operating Activities -3,382.00 -7,250.00 -7,531.00 66,095.00 -31,346.00 -48,810.00 -4,909.00 -8,117.00 3,608.00 10,928.00 10,710.00 57,977.00 -4,545.00 -19,781.00 -23,024.00 3,359.00 9,881.00 8,717.00 -189.00
Investing Cash Flow 61,946.00 50,011.00 6,176.00 -63,945.00 20,754.00 96,746.00 22,133.00 -175,569.00 95,828.00 130,095.00 112,935.00 40,317.00 56,562.00 31,657.00 -22,377.00 -188,940.00 134,405.00 121,392.00 96,798.00
   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 386.00 143.00 99.00 241.00 437.00 8.00 8.00 -2,177.00 1,335.00 1,323.00 1,035.00 -3,486.00 3,499.00 3,276.00 1,902.00 -23,088.00 20,710.00 17,363.00 6,461.00
   Net Purchase/Sale of Investments Net 282,092.00 170,446.00 106,725.00 -379,496.00 650,193.00 344,232.00 184,403.00 -451,558.00 837,017.00 472,446.00 184,158.00 -356,625.00 463,697.00 339,661.00 160,835.00 -1,097,440.00 1,120,655.00 813,461.00 417,301.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -30,104.00 15,938.00 15,938.00 15,938.00
   Other Investing Activities -220,532.00 -120,578.00 -100,648.00 315,310.00 -629,876.00 -247,494.00 -162,278.00 278,166.00 -742,524.00 -343,674.00 -72,258.00 400,428.00 -410,634.00 -311,280.00 -185,114.00 961,692.00 -1,022,898.00 -725,370.00 -342,902.00
Financing Cash Flow 22,298.00 19,062.00 13,990.00 -106,160.00 110,932.00 110,253.00 1,650.00 -92,831.00 95,540.00 91,255.00 1,731.00 -3,606.00 2,904.00 1,838.00 1,814.00 -14,980.00 11,641.00 9,258.00 6,044.00
   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 15,390.00 12,154.00 10,640.00 -102,273.00 107,839.00 107,160.00 856.00 -91,380.00 93,608.00 89,649.00 1,731.00 -3,061.00 2,461.00 1,530.00 1,531.00 -3,968.00 3,617.00 1,984.00 1,984.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities 6,908.00 6,908.00 3,350.00 -3,887.00 3,093.00 3,093.00 794.00 -1,451.00 1,932.00 1,606.00 0.00 -545.00 443.00 308.00 283.00 -11,012.00 8,024.00 7,274.00 4,060.00
Net Change in Cash -37,403.00 -22,886.00 -32,763.00 -31,417.00 -31,916.00 87,512.00 -32,116.00 -126,972.00 7,342.00 92,854.00 48,027.00 153,620.00 -98,957.00 -77,273.00 -88,800.00 -109,530.00 6,670.00 40,152.00 53,514.00
   Cash at Beginning of Period 85,510.00 85,510.00 85,510.00 116,927.00 93,447.00 93,447.00 93,447.00 220,419.00 72,196.00 72,196.00 72,196.00 -81,424.00 183,606.00 183,606.00 183,606.00 293,136.00 192,800.00 192,800.00 192,800.00
   Cash at End of Period 48,107.00 62,624.00 52,747.00 85,510.00 61,531.00 180,959.00 61,331.00 93,447.00 79,538.00 165,050.00 120,223.00 72,196.00 84,649.00 106,333.00 94,806.00 183,606.00 199,470.00 232,952.00 246,314.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0