API
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -2.26 | -0.75 | -3.62 | -24.56 |
| Price to Sales | 2.91 | 1.85 | 2.72 | 10.64 |
| Book Value Per Common Share | 1.53 | 1.64 | 1.69 | 1.87 |
| Price to Book | 2.71 | 1.60 | 2.31 | 8.67 |
| Price to Operating Cash Flow | -27.46 | -19.24 | -8.33 | -89.31 |
| Price to Free Cash Flow | -7.86 | -8.87 | -1.69 | -55.02 |
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 127.33 | 190.50 | 1005.00 | 520.00 | -9.27 |
| Price to Sales | 9.87 | 10.30 | 11.39 | 11.32 | 7.09 |
| Book Value Per Common Share | 1.58 | 1.56 | 1.53 | 1.53 | 1.57 |
| Price to Book | 2.42 | 2.45 | 2.62 | 2.71 | 1.54 |
| Price to Operating Cash Flow | 477.50 | -1002.63 | 21.57 | 85.95 | -48.49 |
| Price to Free Cash Flow | -29.16 | -85.23 | 56.22 | -59.86 | -13.27 |
| Enterprise Value to EBITDA | 3078081.71 | 3935785.29 | 5368240.48 | 5905163.56 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | -5.85 | -11.91 | -4.35 | |
| EBITDA YoY | ||||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 50.00 | 400.00 | -50.00 | ||
| Revenue YoY | 3.25 | 2.98 | -3.44 | 9.12 | |
| EBITDA YoY | 26.93 | 25.42 | 6.50 | ||
| Net Profit YoY | 87.48 | 259.21 | 157.59 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 2.89 | 2.18 | 3.83 | 6.85 |
| Quick Ratio | 5.49 | 4.52 | 6.51 | 10.77 |
| Current Ratio | 5.62 | 4.60 | 6.78 | 10.81 |
| Debt to Equity | 0.22 | 0.12 | 0.10 | 0.09 |
| Long-Term Debt to Equity | 0.12 | 0.02 | 0.00 | 0.01 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 1.86 | 1.51 | 1.55 | 2.88 | 3.27 |
| Quick Ratio | 4.01 | 3.33 | 3.36 | 5.49 | 5.79 |
| Current Ratio | 4.34 | 3.55 | 3.51 | 5.62 | 6.15 |
| Debt to Equity | 0.25 | 0.23 | 0.23 | 0.22 | 0.20 |
| Long-Term Debt to Equity | 0.17 | 0.15 | 0.14 | 0.12 | 0.10 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -6.11 | -12.93 | -15.03 | -7.66 |
| ROE | -7.46 | -14.42 | -16.53 | -8.35 |
| Gross Margin | 64.12 | 63.22 | 61.88 | 61.92 |
| Operating Margin | -29.07 | -61.29 | -74.66 | -42.77 |
| EBITDA Margin | -21.47 | -50.99 | -64.78 | -34.47 |
| Net Profit Margin | -32.06 | -61.62 | -74.92 | -43.07 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 0.39 | 0.21 | 0.06 | 0.02 | -3.50 |
| ROE | 0.48 | 0.26 | 0.07 | 0.03 | -4.19 |
| Gross Margin | 65.96 | 66.76 | 68.03 | 66.61 | 66.67 |
| Operating Margin | 6.98 | 4.29 | 2.08 | 1.09 | -62.97 |
| EBITDA Margin | 12.61 | 10.25 | 8.42 | 7.63 | -55.18 |
| Net Profit Margin | 7.75 | 4.27 | 1.22 | 0.46 | -76.58 |
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 | 699,654.00 | 674,595.00 | 800,715.00 | 944,999.00 |
| Current Assets | 328,050.00 | 261,429.00 | 485,479.00 | 797,686.00 |
| Cash and Short-Term Investments | 269,661.00 | 216,654.00 | 427,712.00 | 755,304.00 |
| Cash and Cash Equivalents | 27,083.00 | 36,894.00 | 45,673.00 | 285,668.00 |
| Short-Term Investments | 242,578.00 | 179,760.00 | 382,039.00 | 469,636.00 |
| Net Receivables | 50,363.00 | 40,583.00 | 38,550.00 | 39,278.00 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 8,026.00 | 4,192.00 | 19,217.00 | 3,104.00 |
| Non-Current Assets | 371,604.00 | 413,166.00 | 315,236.00 | 147,313.00 |
| Property, Plant, Equipment Net | 53,090.00 | 26,689.00 | 15,353.00 | 26,903.00 |
| Goodwill | 0 | 0 | 31,928.00 | 56,142.00 |
| Intangible Assets | 162,006.00 | 168,520.00 | 170,971.00 | 6,697.00 |
| Long-Term Investments | 137,610.00 | 207,020.00 | 94,159.00 | 53,925.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 2,289.00 |
| Other Non-Current Assets | 0 | 0 | 2,825.00 | 1,357.00 |
| Liabilities | 126,993.00 | 69,846.00 | 72,455.00 | 78,738.00 |
| Current Liabilities | 58,335.00 | 56,894.00 | 71,653.00 | 73,803.00 |
| Payables and Expenses | 43,498.00 | 41,453.00 | 44,187.00 | 53,637.00 |
| Account Payables | 12,965.00 | 12,996.00 | 10,103.00 | 5,309.00 |
| Current Accrued Liabilities | 12,896.00 | 17,860.00 | 22,930.00 | 30,066.00 |
| Short-Term Debt | 1,749.00 | 2,447.00 | 1,932.00 | 3,957.00 |
| Other Current Liabilities | 13,088.00 | 12,994.00 | 25,534.00 | 16,209.00 |
| Non-Current Liabilities | 68,658.00 | 12,952.00 | 802.00 | 4,935.00 |
| Long-Term Debt | 48,391.00 | 12,753.00 | 340.00 | 3,452.00 |
| Other Non-Current Liabilities | 20,267.00 | 199.00 | 462.00 | 1,483.00 |
| Equity | 572,661.00 | 604,749.00 | 728,260.00 | 866,261.00 |
| Shareholders Equity | 572,661.00 | 604,749.00 | 728,260.00 | 866,261.00 |
| Capital Stock | 47.00 | 47.00 | 47.00 | 45.00 |
| Share Premium | 1,144,238.00 | 1,138,346.00 | 1,134,704.00 | 1,099,369.00 |
| Retained Earnings | -486,628.00 | -443,901.00 | -356,682.00 | -236,302.00 |
| Treasury Shares | 72,739.00 | 79,716.00 | 41,815.00 | 0 |
| Accumulated Other Comprehensive Income | -12,257.00 | -10,027.00 | -7,994.00 | 3,149.00 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 50,140.00 | 15,200.00 | 2,272.00 | 7,409.00 |
| Net Debt | 19,386.00 | 0 | 0 | 0 |
| Common Shares Outstanding | 373,336.53 | 368,808.70 | 429,942.26 | 463,482.56 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 133,256.00 | 141,538.00 | 160,670.00 | 167,982.00 |
| Cost Of Revenue | 47,809.00 | 52,063.00 | 61,247.00 | 63,975.00 |
| Interest Income | 16,941.00 | 18,836.00 | 9,636.00 | 8,353.00 |
| Interest Expense | 253.00 | 20.00 | 0 | 0 |
| Non-Interest Expense | 59,992.00 | 68,934.00 | 92,440.00 | 76,602.00 |
| Gross Profit | 85,447.00 | 89,475.00 | 99,423.00 | 104,007.00 |
| Operating Expenses | 138,758.00 | 144,871.00 | 203,245.00 | 184,700.00 |
| Selling, General and Administrative Expenses | 59,992.00 | 68,934.00 | 92,440.00 | 76,602.00 |
| Research and Development Expenses | 80,344.00 | 77,666.00 | 114,502.00 | 110,666.00 |
| Other Operating Expenses | -1,578.00 | -1,729.00 | -3,697.00 | -2,568.00 |
| Operating Income | -53,311.00 | -55,396.00 | -103,822.00 | -80,693.00 |
| Net Non-Operating Income | 793.00 | 1,649.00 | 0 | 1,597.00 |
| EBT | -38,990.00 | -86,766.00 | -119,961.00 | -71,844.00 |
| Income Tax | 258.00 | 422.00 | 663.00 | 840.00 |
| Net Income Including Non-Controlling Interests | -42,727.00 | -87,219.00 | -120,380.00 | -72,355.00 |
| Net Income | -42,727.00 | -87,219.00 | -120,380.00 | -72,355.00 |
| EBIT | -38,737.00 | -86,746.00 | -119,961.00 | -71,844.00 |
| Deprecation and Amortization | 10,121.00 | 14,580.00 | 15,883.00 | 13,938.00 |
| EBITDA | -28,616.00 | -72,166.00 | -104,078.00 | -57,906.00 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 93,280.58 | 99,596.10 | 111,591.92 | 110,216.05 |
| Average Shares Outstanding Diluted | 93,280.58 | 99,596.10 | 111,591.92 | 110,216.05 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -14,129.00 | -13,611.00 | -52,380.00 | -20,000.00 |
| Operating Net Income | -42,727.00 | -87,219.00 | -120,380.00 | -72,355.00 |
| Deprecation and Amortization | 10,121.00 | 14,580.00 | 15,883.00 | 13,938.00 |
| Deferred Income Tax | -102.00 | -212.00 | -336.00 | 238.00 |
| Share Based Compensation | 22,737.00 | 24,612.00 | 32,363.00 | 31,481.00 |
| Change in Working Capital | -19,684.00 | -24,038.00 | -5,204.00 | 475.00 |
| Other Operating Activities | 15,526.00 | 58,666.00 | 25,294.00 | 6,223.00 |
| Investing Cash Flow | -38,049.00 | 56,643.00 | -144,062.00 | -57,690.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -35,155.00 | -10,700.00 | -171,592.00 | -12,211.00 |
| Net Purchase/Sale of Investments Net | -2,894.00 | 70,379.00 | 20,474.00 | 5,212.00 |
| Net Purchase/Sale of Business | 0 | 2,097.00 | 7,056.00 | -50,428.00 |
| Other Investing Activities | 0.00 | -5,133.00 | 0.00 | -263.00 |
| Financing Cash Flow | 45,994.00 | -52,368.00 | -41,150.00 | 251,937.00 |
| Net Issuance/Repayment of Debt | 35,790.00 | 10,909.00 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 0 | 0 | -41,135.00 | 249,950.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | -15.00 | 1,987.00 |
| Net Change in Cash | -6,184.00 | -9,336.00 | -237,592.00 | 174,247.00 |
| Cash at Beginning of Period | 37,173.00 | 47,314.00 | 285,824.00 | 111,298.00 |
| Cash at End of Period | 30,827.00 | 37,173.00 | 45,826.00 | 285,824.00 |
| Free Cash Flow | -49,377.00 | -29,536.00 | -258,131.00 | -32,474.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 710,104.00 | 697,613.00 | 703,759.00 | 699,654.00 | 691,496.00 |
| Current Assets | 210,726.00 | 177,370.00 | 181,901.00 | 328,050.00 | 363,323.00 |
| Cash and Short-Term Investments | 169,913.00 | 139,831.00 | 145,892.00 | 269,661.00 | 303,728.00 |
| Cash and Cash Equivalents | 79,781.00 | 40,327.00 | 42,611.00 | 27,083.00 | 32,118.00 |
| Short-Term Investments | 90,132.00 | 99,504.00 | 103,281.00 | 242,578.00 | 271,610.00 |
| Net Receivables | 24,979.00 | 26,609.00 | 28,233.00 | 50,363.00 | 38,508.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 15,834.00 | 10,930.00 | 7,776.00 | 8,026.00 | 21,087.00 |
| Non-Current Assets | 499,378.00 | 520,243.00 | 521,858.00 | 371,604.00 | 328,173.00 |
| Property, Plant, Equipment Net | 79,240.00 | 66,431.00 | 53,256.00 | 53,090.00 | 44,143.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 160,926.00 | 160,716.00 | 161,256.00 | 162,006.00 | 167,175.00 |
| Long-Term Investments | 238,406.00 | 272,043.00 | 285,384.00 | 137,610.00 | 102,912.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 20,806.00 | 21,053.00 | 21,962.00 | 18,898.00 | 13,943.00 |
| Liabilities | 143,456.00 | 132,236.00 | 130,731.00 | 126,993.00 | 114,956.00 |
| Current Liabilities | 48,585.00 | 50,030.00 | 51,815.00 | 58,335.00 | 59,109.00 |
| Payables and Expenses | 39,054.00 | 40,244.00 | 41,043.00 | 43,498.00 | 49,030.00 |
| Account Payables | 10,611.00 | 11,988.00 | 11,095.00 | 12,965.00 | 15,196.00 |
| Current Accrued Liabilities | 13,978.00 | 13,208.00 | 23,662.00 | 12,896.00 | 32,148.00 |
| Short-Term Debt | 1,836.00 | 1,669.00 | 1,711.00 | 1,749.00 | 1,924.00 |
| Other Current Liabilities | 7,695.00 | 8,117.00 | 9,061.00 | 13,088.00 | 8,155.00 |
| Non-Current Liabilities | 94,871.00 | 82,206.00 | 78,916.00 | 68,658.00 | 55,847.00 |
| Long-Term Debt | 74,426.00 | 61,893.00 | 58,639.00 | 48,391.00 | 36,191.00 |
| Other Non-Current Liabilities | 20,445.00 | 20,313.00 | 20,277.00 | 20,267.00 | 19,656.00 |
| Equity | 566,648.00 | 565,377.00 | 573,028.00 | 572,661.00 | 576,540.00 |
| Shareholders Equity | 566,648.00 | 565,377.00 | 573,028.00 | 572,661.00 | 576,540.00 |
| Capital Stock | 47.00 | 47.00 | 47.00 | 47.00 | 47.00 |
| Share Premium | 1,145,259.00 | 1,144,702.00 | 1,144,702.00 | 1,144,238.00 | 1,148,502.00 |
| Retained Earnings | -482,018.00 | -484,759.00 | -486,221.00 | -486,628.00 | -486,786.00 |
| Treasury Shares | 85,673.00 | 82,031.00 | 72,574.00 | 72,739.00 | 77,316.00 |
| Accumulated Other Comprehensive Income | -10,967.00 | -12,582.00 | -12,926.00 | -12,257.00 | -7,907.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 76,262.00 | 63,562.00 | 60,350.00 | 50,140.00 | 38,115.00 |
| Net Debt | 0 | 20,511.00 | 14,547.00 | 19,386.00 | 1,644.00 |
| Common Shares Outstanding | 359,300.00 | 362,900.00 | 374,042.96 | 373,336.53 | 368,300.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 35,374.00 | 34,259.00 | 33,269.00 | 34,453.00 | 31,573.00 |
| Cost Of Revenue | 12,042.00 | 11,389.00 | 10,635.00 | 11,505.00 | 10,524.00 |
| Interest Income | 3,852.00 | 3,706.00 | 3,635.00 | 3,697.00 | 3,924.00 |
| Interest Expense | 16.00 | 1.00 | 5.00 | 2.00 | 86.00 |
| Non-Interest Expense | 11,502.00 | 12,560.00 | 12,473.00 | 13,699.00 | 16,601.00 |
| Gross Profit | 23,332.00 | 22,870.00 | 22,634.00 | 22,948.00 | 21,049.00 |
| Operating Expenses | 24,942.00 | 25,988.00 | 26,337.00 | 27,828.00 | 45,738.00 |
| Selling, General and Administrative Expenses | 11,502.00 | 12,560.00 | 12,473.00 | 13,699.00 | 16,601.00 |
| Research and Development Expenses | 13,817.00 | 13,976.00 | 14,018.00 | 14,793.00 | 29,271.00 |
| Other Operating Expenses | -377.00 | -548.00 | -154.00 | -664.00 | -134.00 |
| Operating Income | -1,610.00 | -3,118.00 | -3,703.00 | -4,880.00 | -24,689.00 |
| EBT | 2,454.00 | 1,469.00 | 687.00 | 373.00 | -19,969.00 |
| Income Tax | 107.00 | 43.00 | 42.00 | 109.00 | 0 |
| Net Income Including Non-Controlling Interests | 2,741.00 | 1,462.00 | 407.00 | 158.00 | -24,180.00 |
| Net Income | 2,741.00 | 1,462.00 | 407.00 | 158.00 | -24,180.00 |
| EBIT | 2,470.00 | 1,470.00 | 692.00 | 375.00 | -19,883.00 |
| Deprecation and Amortization | 1,989.00 | 2,043.00 | 2,109.00 | 2,255.00 | 2,462.00 |
| EBITDA | 4,459.00 | 3,513.00 | 2,801.00 | 2,630.00 | -17,421.00 |
| 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 | 91,435.71 | 92,583.21 | 94,293.26 | 93,764.59 | 92,933.26 |
| Average Shares Outstanding Diluted | 98,832.21 | 98,150.73 | 101,521.81 | 100,501.20 | 92,933.26 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 731.00 | -352.00 | 17,577.00 | 4,535.00 | -4,622.00 |
| Operating Net Income | 2,741.00 | 1,462.00 | 407.00 | 158.00 | -24,180.00 |
| Deprecation and Amortization | 1,989.00 | 2,043.00 | 2,109.00 | 2,255.00 | 2,462.00 |
| Deferred Income Tax | -20.00 | -20.00 | -20.00 | -20.00 | -20.00 |
| Share Based Compensation | 1,274.00 | 1,531.00 | 1,948.00 | 1,497.00 | 13,647.00 |
| Change in Working Capital | -6,060.00 | -5,869.00 | 11,899.00 | -196.00 | -2,319.00 |
| Other Operating Activities | 807.00 | 501.00 | 1,234.00 | 841.00 | 5,788.00 |
| Investing Cash Flow | 30,430.00 | 5,222.00 | -14,417.00 | -18,869.00 | -9,101.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -12,705.00 | -3,785.00 | -10,810.00 | -11,021.00 | -12,249.00 |
| Net Purchase/Sale of Investments Net | 43,025.00 | 9,007.00 | -8,017.00 | -7,848.00 | 3,148.00 |
| Net Purchase/Sale of Business | 0 | 0 | 4,410.00 | 0 | 0 |
| Other Investing Activities | 110.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 7,681.00 | -7,174.00 | 9,682.00 | 13,654.00 | 7,385.00 |
| Net Issuance/Repayment of Debt | 12,369.00 | 3,507.00 | 10,627.00 | 13,613.00 | 11,123.00 |
| Net Issuance/Repurchase of Equity | -4,746.00 | -10,862.00 | -1,241.00 | -1,390.00 | -3,913.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | 38,842.00 | -2,304.00 | 12,842.00 | -680.00 | -6,338.00 |
| Cash at Beginning of Period | 40,527.00 | 42,841.00 | 30,828.00 | 32,348.00 | 37,867.00 |
| Cash at End of Period | 79,981.00 | 40,527.00 | 42,841.00 | 30,827.00 | 32,348.00 |
| Free Cash Flow | -11,977.00 | -4,141.00 | 6,741.00 | -6,521.00 | -16,873.00 |