Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -1.97 -1.72 -0.09 -5.38
Price to Sales 1.13 1.84 3.01 25.89
Book Value Per Common Share 1.54 1.73 3.56 29.69
Price to Book 0.61 1.92 0.54 0.74
Price to Operating Cash Flow -4.09 -6.12 -0.59 -3.38
Price to Free Cash Flow -1.38 -4.95 -0.37 -0.74
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -4.90 9.84 -1.25 90.46
Price to Sales 7.99 5.42 3.85 9.10 7.96
Book Value Per Common Share 1.01 1.17 1.17 1.54 1.71
Price to Book 0.73 0.50 0.34 0.61 0.53
Price to Operating Cash Flow -6.05 -2.79 -2.66 -15.90 64.61
Price to Free Cash Flow -3.65 -2.70 -2.12 -4.13 -4.32
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY -24.19 260.47 63.36
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY -90.91
Revenue YoY -13.09 7.14 6.66 12.14
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.65 0.05 0.14 12.33
Quick Ratio 0.86 10.83
Current Ratio 4.57 2.53 1.66 15.06
Debt to Equity 0.10 0.72 0.86 0.02
Long-Term Debt to Equity 0.00 0.52 0.72 0.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 0.19 0.29 0.25 0.51 0.57
Quick Ratio
Current Ratio 6.28 6.69 2.74 4.57 4.09
Debt to Equity 0.05 0.05 0.12 0.10 0.23
Long-Term Debt to Equity 0.00 0.00 0.00 0.00 0.14

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -21.91 -51.26 -232.25 -6.46
ROE -24.09 -88.25 -432.65 -6.61
Gross Margin 19.45 27.22 43.77 53.82
Operating Margin -56.12 -101.04 -3171.73 -451.29
EBITDA Margin -13.29 -72.78 -2706.65 -298.47
Net Profit Margin -57.02 -106.85 -3172.63 -479.03
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA -13.65 4.84 -25.63 -16.70 0.24
ROE -14.39 5.10 -28.61 -18.37 0.29
Gross Margin 25.39 23.76 22.12 9.84 -15.97
Operating Margin -108.39 -101.92 -147.39 -270.54 -218.47
EBITDA Margin -42.66 -46.69 -90.38 -204.70 -144.71
Net Profit Margin -161.95 55.24 -311.86 -273.42 4.42

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00
Dividend Payout Ratio -1.27
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 43,228.00 45,663.00 83,016.00 275,924.00
   Current Assets 17,787.00 13,510.00 10,284.00 78,422.00
      Cash and Short-Term Investments 12,955.00 586.00 1,337.00 54,355.00
            Cash and Cash Equivalents 5,425.00 586.00 1,337.00 54,355.00
            Short-Term Investments 7,530.00 0 0 0
      Net Receivables 0 0 3,995.00 2,040.00
      Inventory 0 0 0 0
      Other Current Assets 0 0 0 22,027.00
   Non-Current Assets 25,441.00 32,153.00 72,732.00 197,502.00
      Property, Plant, Equipment Net 21,967.00 24,166.00 34,259.00 102,238.00
      Goodwill 0 0 0 0
      Intangible Assets 3,095.00 4,581.00 9,477.00 63,017.00
      Long-Term Investments 0 0 0 19,949.00
      Non-Current Deferred Assets 0 0 0 7.00
      Other Non-Current Assets 0 0 0 12,291.00
Liabilities 3,913.00 19,140.00 38,453.00 6,298.00
   Current Liabilities 3,895.00 5,346.00 6,200.00 5,208.00
      Payables and Expenses 3,864.00 5,035.00 5,226.00 4,701.00
            Account Payables 1,167.00 2,374.00 2,993.00 1,252.00
            Current Accrued Liabilities 2,697.00 2,661.00 2,233.00 3,449.00
      Short-Term Debt 0 0 0 0
      Other Current Liabilities 31.00 311.00 974.00 507.00
   Non-Current Liabilities 18.00 13,794.00 32,253.00 1,090.00
      Long-Term Debt 0 0 0 0
      Other Non-Current Liabilities 18.00 13,794.00 32,253.00 1,090.00
Equity 39,315.00 26,523.00 44,563.00 269,626.00
   Shareholders Equity 39,315.00 26,523.00 34,871.00 269,626.00
      Capital Stock 497,957.00 475,702.00 456,402.00 486,615.00
      Share Premium 0 0 0 0
      Retained Earnings -456,821.00 -447,371.00 -419,732.00 -215,195.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -1,821.00 -1,808.00 -1,799.00 -1,794.00
   Minority Interest 0 0 9,692.00 0
Debt 0 0 0 0
Common Shares Outstanding 25,453.33 15,373.62 9,804.44 9,080.91
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 16,608.00 21,906.00 6,077.00 3,720.00
Cost Of Revenue 13,378.00 15,944.00 3,417.00 1,718.00
Interest Income 0 1,062.00 2,581.00 2,930.00
Interest Expense 0 1,183.00 0 516.00
Non-Interest Expense 12,445.00 16,773.00 25,143.00 14,244.00
Gross Profit 3,230.00 5,962.00 2,660.00 2,002.00
Operating Expenses 19,558.00 32,498.00 70,080.00 20,900.00
   Selling, General and Administrative Expenses 12,445.00 16,773.00 25,143.00 14,244.00
   Research and Development Expenses 0 1,026.00 605.00 971.00
   Other Operating Expenses 0 8,509.00 16,069.00 0
Operating Income -16,328.00 -26,536.00 -67,420.00 -18,898.00
Net Non-Operating Income 3,111.00 1,062.00 0 0
EBT -9,320.00 -23,317.00 -192,746.00 -17,304.00
Income Tax 150.00 13.00 166.00 -15.00
Net Income Including Non-Controlling Interests -9,470.00 -23,330.00 -192,912.00 -17,289.00
Net Income Non-Controlling Interests 0 -76.00 111.00 0
Net Income -9,470.00 -23,406.00 -192,801.00 -17,820.00
EBIT -9,320.00 -22,134.00 -192,746.00 -16,788.00
Deprecation and Amortization 7,113.00 6,190.00 28,263.00 5,685.00
EBITDA -2,207.00 -15,944.00 -164,483.00 -11,103.00
EPS -0.00 -0.00 -0.02 -0.00
Diluted EPS -0.00 -0.00 -0.02 -0.00
Average Shares Outstanding Basic 19,801.63 12,129.30 9,470.63 4,408.93
Average Shares Outstanding Diluted 19,801.63 12,129.30 9,470.63 4,408.93
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -4,576.00 -6,582.00 -30,771.00 -28,518.00
   Operating Net Income -9,470.00 -23,330.00 -192,912.00 -17,289.00
   Deprecation and Amortization 7,113.00 6,190.00 28,263.00 5,685.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 2,838.00 2,430.00 8,459.00 366.00
   Change in Working Capital -16,366.00 -18,262.00 -17,951.00 -15,753.00
   Other Operating Activities 11,309.00 26,390.00 143,370.00 -1,527.00
Investing Cash Flow 4,028.00 2,561.00 -22,041.00 -122,693.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -8,944.00 2,907.00 -17,631.00 -102,238.00
   Net Purchase/Sale of Investments Net 11,450.00 0 0 -10,420.00
   Net Purchase/Sale of Business 0 -10,643.00 161.00 0
   Other Investing Activities 1,522.00 10,297.00 -4,571.00 -10,035.00
Financing Cash Flow 5,387.00 3,064.00 0 205,105.00
   Net Issuance/Repayment of Debt 0 -506.00 0 -1,058.00
   Net Issuance/Repurchase of Equity 5,387.00 3,048.00 0 204,147.00
   Dividends Paid 0 0 0 -227.00
   Other Financing Activities 0 0 0 2,243.00
Net Change in Cash 4,839.00 -957.00 -52,812.00 53,894.00
   Cash at Beginning of Period 586.00 1,543.00 54,355.00 461.00
   Cash at End of Period 5,425.00 586.00 1,543.00 54,355.00
Free Cash Flow -13,520.00 -8,143.00 -48,708.00 -130,756.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 31,115.00 34,418.00 34,275.00 43,228.00 44,255.00
   Current Assets 9,923.00 11,317.00 9,717.00 17,787.00 14,501.00
      Cash and Short-Term Investments 5,277.00 8,117.00 6,667.00 12,955.00 11,900.00
            Cash and Cash Equivalents 5,277.00 4,703.00 2,787.00 5,425.00 4,950.00
            Short-Term Investments 0 3,414.00 3,880.00 7,530.00 6,950.00
      Net Receivables 0 0 0 0 0
      Inventory 0 0 0 0 0
      Other Current Assets 4,646.00 3,200.00 3,050.00 4,832.00 2,601.00
   Non-Current Assets 21,192.00 23,101.00 24,558.00 25,441.00 29,754.00
      Property, Plant, Equipment Net 18,898.00 19,644.00 20,990.00 21,967.00 23,391.00
      Goodwill 0 0 0 0 0
      Intangible Assets 1,981.00 2,353.00 2,724.00 3,095.00 3,467.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 313.00 1,104.00 844.00 379.00 2,896.00
Liabilities 1,598.00 1,710.00 3,569.00 3,913.00 8,407.00
   Current Liabilities 1,580.00 1,692.00 3,551.00 3,895.00 3,549.00
      Payables and Expenses 1,576.00 1,690.00 3,548.00 3,864.00 3,517.00
            Account Payables 162.00 339.00 1,709.00 1,167.00 612.00
            Current Accrued Liabilities 1,414.00 1,351.00 1,839.00 2,697.00 2,905.00
      Short-Term Debt 0 0 0 0 0
      Other Current Liabilities 4.00 2.00 3.00 31.00 32.00
   Non-Current Liabilities 18.00 18.00 18.00 18.00 4,858.00
      Long-Term Debt 0 0 0 0 0
      Other Non-Current Liabilities 18.00 18.00 18.00 18.00 4,858.00
Equity 29,517.00 32,708.00 30,706.00 39,315.00 35,848.00
   Shareholders Equity 29,517.00 32,708.00 30,706.00 39,315.00 35,848.00
      Capital Stock 499,513.00 498,454.00 498,136.00 497,957.00 487,262.00
      Share Premium 0 0 0 0 0
      Retained Earnings -468,187.00 -463,939.00 -465,606.00 -456,821.00 -449,600.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -1,809.00 -1,807.00 -1,824.00 -1,821.00 -1,814.00
   Minority Interest 0 0 0 0 0
Debt 0 0 0 0 0
Common Shares Outstanding 29,360.95 27,950.46 26,178.28 25,453.33 20,940.53
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenues 2,623.00 3,018.00 2,817.00 2,641.00 2,355.00 0
Cost Of Revenue 1,957.00 2,301.00 2,194.00 2,381.00 2,731.00 0
Interest Income 0 0 0 0 0 558.00
Non-Interest Expense 1,785.00 2,126.00 3,169.00 2,975.00 3,032.00 0
Gross Profit 666.00 717.00 623.00 260.00 -376.00 0
Operating Expenses 3,509.00 3,793.00 4,775.00 4,714.00 4,769.00 0
   Selling, General and Administrative Expenses 1,785.00 2,126.00 3,169.00 2,975.00 3,032.00 0
Operating Income -2,843.00 -3,076.00 -4,152.00 -4,454.00 -5,145.00 0
Net Non-Operating Income 108.00 487.00 -175.00 -4,046.00 2,884.00 0
EBT -4,248.00 1,669.00 -8,785.00 -7,145.00 176.00 0
Income Tax 0 2.00 0 76.00 72.00 2.00
Net Income Including Non-Controlling Interests -4,248.00 1,667.00 -8,785.00 -7,221.00 104.00 0
Net Income -4,248.00 1,667.00 -8,785.00 -7,221.00 104.00 0
EBIT -2,843.00 -3,076.00 -4,152.00 -7,145.00 -5,145.00 0
Deprecation and Amortization 1,724.00 1,667.00 1,606.00 1,739.00 1,737.00 0
EBITDA -1,119.00 -1,409.00 -2,546.00 -5,406.00 -3,408.00 0
EPS -0.00 0.00 -0.00 0 0.00 0.00
Diluted EPS -0.00 0.00 -0.00 0 0.00 0.00
Average Shares Outstanding Basic 28,511.99 27,700.96 27,204.35 0 20,733.02 18,711.72
Average Shares Outstanding Diluted 28,511.99 27,723.96 27,204.35 0 22,323.31 20,884.29
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow -3,467.00 -5,850.00 -4,078.00 -1,512.00 290.00
   Operating Net Income -4,248.00 1,667.00 -8,785.00 -7,221.00 104.00
   Deprecation and Amortization 1,724.00 1,667.00 1,606.00 1,739.00 1,737.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 212.00 318.00 71.00 469.00 511.00
   Change in Working Capital -3,101.00 -4,743.00 -1,628.00 -546.00 -2,339.00
   Other Operating Activities 1,946.00 -4,759.00 4,658.00 4,047.00 277.00
Investing Cash Flow 3,499.00 7,766.00 1,332.00 -3,400.00 397.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -2,031.00 -200.00 -778.00 -4,312.00 -4,632.00
   Net Purchase/Sale of Investments Net 3,194.00 0 0 912.00 5,029.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0 0 0 0.00 0.00
Financing Cash Flow 542.00 0 108.00 5,387.00 0
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 0 0 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0 0 0 0 0
Net Change in Cash 574.00 1,916.00 -2,638.00 475.00 687.00
   Cash at Beginning of Period 4,703.00 2,787.00 5,425.00 4,950.00 4,263.00
   Cash at End of Period 5,277.00 4,703.00 2,787.00 5,425.00 4,950.00
Free Cash Flow -5,736.00 -6,050.00 -5,103.00 -5,824.00 -4,342.00