ARQ

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -54.07
Price to Sales 2.50
Book Value Per Common Share 5.17 5.38 7.30 9.15 9.27
Price to Book 1.46
Price to Operating Cash Flow 26.05
Price to Free Cash Flow
Enterprise Value to EBITDA 370666.55
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
Price to Earnings -119.33 -107.40 -53.36 -37.94 -72.00
Price to Sales 3.27 3.98 6.32 2.44 4.28 11.05
Book Value Per Common Share 5.09 5.09 5.17 5.17 5.19 5.27 5.23 5.38 5.25 5.37 5.92 7.30 7.46 7.58 7.56 9.15 7.48 6.17 5.26 9.27
Price to Book 1.41 1.05 0.81 1.46 1.13 1.15 1.24
Price to Operating Cash Flow 10228.57 -42.15 -29.70 37.97 -83.26 456.34
Price to Free Cash Flow
Enterprise Value to EBITDA 320295.98 438439.78 481849.78 392018.13 3185100.91

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY 9.86 -3.69 2.69 62.88
EBITDA YoY 103.46 460.16 -99.12
Net Profit YoY 64.20
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 80.12 118.42
Revenue YoY 62.82 104.91 73.76 116.86 72.31 98.27 55.61 93.70 70.84 93.06
EBITDA YoY 82.99 42.92 90.25 817.49 1.32 68.88 113.04
Net Profit YoY -97.28 46.91 112.94

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.37 1.56 3.60 4.89 2.02
Quick Ratio 0.93 3.37 3.94 2.14 0.23
Current Ratio 1.17 3.75 4.42 5.84 1.85
Debt to Equity 0.31 0.32 0.32 0.10 0.19
Long-Term Debt to Equity 0.10 0.19 0.15 -0.02 -0.66
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 0.17 0.17 0.15 0.32 1.43 0.86 0.95 1.37 1.88 2.28 2.86 3.47 4.11 4.39 4.35 4.74 4.50 3.15 2.88 1.97
Quick Ratio 0.88 0.49 0.83 0.93 2.16 1.66 2.10 3.37 3.67 3.31 4.39 3.94 4.11 5.15 5.63 2.14 4.51 2.90 2.06 0.23
Current Ratio 1.10 1.10 1.12 1.17 2.89 2.68 3.28 3.75 4.15 4.16 5.22 4.42 4.47 5.49 5.88 5.84 4.15 2.80 1.95 1.85
Debt to Equity 0.28 0.31 0.30 0.31 0.28 0.31 0.31 0.32 0.32 0.34 0.30 0.32 0.32 0.29 0.26 0.10 0.10 0.12 0.16 0.19
Long-Term Debt to Equity 0.10 0.10 0.10 0.10 0.15 0.17 0.19 0.19 0.20 0.20 0.19 0.15 0.15 0.16 0.15 -0.02 0.04 0.04 0.05 -0.66

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -1.80 -4.95 -0.13 19.31 14.88
ROE -2.35 -6.54 -0.17 21.30 17.70
Gross Margin 36.20 21.87 34.62 27.55
Operating Margin -1.85 -9.16 -8.13 77.34 -16.03
EBITDA Margin 7.88 4.25 0.73 85.25 -2.17
Net Profit Margin -4.69 -11.76 -0.25 93.98 93.22
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 -0.93 -0.68 0.07 -1.35 -2.17 -1.49 -3.99 -2.89 -1.56 -0.12 -0.10 -0.18 17.41 13.27 6.51
ROE -1.19 -0.89 0.09 -1.73 -2.84 -1.95 -5.28 -3.86 -2.03 -0.16 -0.13 -0.23 19.13 14.80 7.53
Gross Margin 32.50 34.81 36.39 36.18 34.37 36.92 20.84 19.01 18.54 37.16 36.72 40.87
Operating Margin -0.75 -1.10 3.40 -1.60 -7.93 -12.09 -18.88 -29.16 -33.68 -6.90 -6.22 -11.16 100.61 100.88 90.36
EBITDA Margin 10.50 9.34 13.39 7.68 1.46 -1.45 -5.74 -14.58 -19.86 1.54 2.37 -2.95 109.46 110.73 100.34
Net Profit Margin -2.84 -3.46 0.75 -4.60 -11.43 -15.73 -12.94 -16.38 -17.54 -0.30 -0.37 -1.36 113.76 132.29 119.94

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 284,368.00 235,502.00 191,164.00 488,065.00 385,735.00
   Current Assets 52,356.00 86,461.00 105,662.00 306,767.00 506,099.00
      Cash and Short-Term Investments 13,516.00 45,361.00 66,432.00 89,332.00 36,484.00
            Cash and Cash Equivalents 13,516.00 45,361.00 66,432.00 88,780.00 35,932.00
            Short-Term Investments 0 0 0 552.00 552.00
      Net Receivables 28,141.00 32,343.00 27,653.00 23,098.00 25,329.00
      Inventory 19,314.00 19,693.00 17,828.00 7,850.00 9,882.00
      Other Current Assets -8,615.00 -10,936.00 -6,251.00 186,487.00 434,404.00
   Non-Current Assets 232,012.00 149,041.00 85,502.00 181,298.00 -120,364.00
      Property, Plant, Equipment Net 187,876.00 105,241.00 42,589.00 38,139.00 31,363.00
      Goodwill 0 0 0 0 0
      Intangible Assets 10,012.00 10,742.00 2,932.00 1,237.00 1,964.00
      Long-Term Investments 0 0 0 153,631.00 93,040.00
      Non-Current Deferred Assets 0 0 0 0 10,604.00
      Other Non-Current Assets 34,124.00 33,058.00 39,981.00 -11,709.00 -257,335.00
Liabilities 67,092.00 57,102.00 46,085.00 45,521.00 61,461.00
   Current Liabilities 44,653.00 23,048.00 23,884.00 52,522.00 273,918.00
      Payables and Expenses 21,017.00 14,603.00 16,108.00 16,486.00 11,106.00
            Account Payables 0 0 0 10,009.00 7,849.00
            Current Accrued Liabilities 0 0 0 6,477.00 3,257.00
      Short-Term Debt 15,452.00 2,653.00 1,131.00 1,011.00 18,441.00
      Other Current Liabilities 8,184.00 5,792.00 6,645.00 35,025.00 244,371.00
   Non-Current Liabilities 22,439.00 34,054.00 22,201.00 -7,001.00 -212,457.00
      Long-Term Debt 9,370.00 18,274.00 5,133.00 4,178.00 5,445.00
      Other Non-Current Liabilities 13,069.00 15,780.00 17,068.00 -11,179.00 -217,902.00
Equity 217,276.00 178,400.00 145,079.00 442,544.00 324,274.00
   Shareholders Equity 217,276.00 178,400.00 139,979.00 172,341.00 171,683.00
      Capital Stock 47.00 38.00 24.00 23.00 23.00
      Share Premium 198,487.00 154,511.00 103,698.00 102,106.00 100,425.00
      Retained Earnings 66,434.00 71,543.00 83,949.00 92,864.00 32,454.00
      Treasury Shares 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 0
Investments 0 0 0 153,631.00 93,040.00
Debt 24,822.00 20,927.00 4,581.00 4,163.00 38,941.00
Net Debt 11,306.00 0 0 0 2,457.00
Common Shares Outstanding 42,021.78 33,172.94 19,170.17 18,842.07 18,523.14
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 108,959.00 99,183.00 102,987.00 100,294.00 61,577.00
Cost Of Revenue 69,515.00 0 80,465.00 65,576.00 44,613.00
Gross Profit 39,444.00 0 22,522.00 34,718.00 16,964.00
Operating Expenses 41,403.00 112,518.00 34,590.00 -146,700.00 52,483.00
   Selling, General and Administrative Expenses 28,695.00 22,229.00 17,600.00 22,692.00 23,863.00
   Research and Development Expenses 4,050.00 3,300.00 400.00 400.00 1,000.00
   Other Operating Expenses 8,658.00 86,989.00 16,590.00 -169,792.00 27,620.00
Operating Income -1,959.00 -13,335.00 -12,068.00 181,418.00 -35,519.00
Net Non-Operating Income -3,314.00 1,239.00 3,360.00 -105,345.00 21,728.00
Interest Expense 3,257.00 3,014.00 336.00 1,490.00 3,920.00
EBT -5,273.00 -12,096.00 -8,708.00 76,073.00 -13,791.00
Income Tax 164.00 153.00 209.00 15,672.00 6,511.00
Equity Method Investments Income 127.00 1,623.00 3,541.00 206,178.00 92,934.00
Net Income -5,109.00 -11,660.00 -253.00 94,255.00 57,402.00
EBIT -2,016.00 -9,082.00 -8,372.00 77,563.00 -9,871.00
Deprecation and Amortization 10,598.00 13,300.00 9,125.00 7,933.00 8,537.00
EBITDA 8,582.00 4,218.00 753.00 85,496.00 -1,334.00
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 36,051.00 29,104.00 18,453.00 18,258.00 18,044.00
Average Shares Outstanding Diluted 36,051.00 29,104.00 18,453.00 18,461.00 18,044.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 10,477.00 -16,653.00 -6,061.00 25,999.00 54,469.00
   Operating Net Income -5,109.00 -36,158.00 -21,041.00 306,514.00 16,169.00
   Deprecation and Amortization 10,598.00 13,300.00 9,125.00 7,933.00 8,537.00
   Deferred Income Tax 0 0 0 10,604.00 3,491.00
   Share Based Compensation 2,715.00 2,648.00 1,981.00 1,927.00 2,496.00
   Change in Working Capital -1,040.00 -8,925.00 9,239.00 -11,627.00 -8,862.00
   Other Operating Activities 3,313.00 12,482.00 -5,365.00 -289,352.00 32,638.00
Investing Cash Flow -85,074.00 -28,535.00 -4,608.00 44,378.00 -7,887.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 85,320.00 27,516.00 8,914.00 6,201.00 6,685.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 2,225.00 0 0 0
   Other Investing Activities -170,394.00 -58,276.00 -13,522.00 38,177.00 -14,572.00
Financing Cash Flow 42,679.00 22,909.00 -1,679.00 -17,529.00 -27,730.00
   Net Issuance/Repayment of Debt 25,394.00 10,125.00 1,246.00 1,190.00 1,360.00
   Net Issuance/Repurchase of Equity 42,405.00 16,220.00 0 0 159.00
   Dividends Paid 0 0 45.00 93.00 4,979.00
   Other Financing Activities -25,120.00 -3,436.00 -2,970.00 -18,812.00 -34,228.00
Net Change in Cash -31,918.00 -22,279.00 -12,348.00 52,848.00 18,852.00
   Cash at Beginning of Period 54,153.00 76,432.00 88,780.00 35,932.00 17,080.00
   Cash at End of Period 22,235.00 54,153.00 76,432.00 88,780.00 35,932.00
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 277,946.00 284,541.00 283,671.00 284,368.00 279,965.00 248,582.00 229,798.00 235,502.00 230,604.00 233,714.00 233,951.00 191,164.00 195,455.00 195,505.00 200,456.00 488,065.00 454,590.00 406,192.00 388,630.00 385,735.00
   Current Assets 43,927.00 50,664.00 48,234.00 52,356.00 87,269.00 71,218.00 72,038.00 86,461.00 91,474.00 99,669.00 104,724.00 105,662.00 112,640.00 113,028.00 110,482.00 306,767.00 101,766.00 76,032.00 68,107.00 506,099.00
      Cash and Short-Term Investments 7,026.00 6,957.00 6,336.00 13,516.00 48,662.00 28,478.00 35,227.00 45,361.00 52,529.00 58,770.00 68,026.00 66,432.00 75,823.00 80,819.00 79,807.00 89,332.00 82,139.00 57,335.00 52,234.00 36,484.00
            Cash and Cash Equivalents 7,026.00 6,957.00 6,336.00 13,516.00 48,662.00 28,478.00 35,227.00 45,361.00 52,529.00 58,770.00 68,026.00 66,432.00 75,823.00 80,819.00 79,807.00 88,780.00 82,139.00 57,335.00 52,234.00 35,932.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 552.00 0 0 0 552.00
      Net Receivables 28,043.00 15,547.00 29,488.00 28,141.00 16,590.00 15,812.00 10,927.00 32,343.00 28,363.00 20,542.00 20,050.00 27,653.00 27,727.00 25,248.00 25,995.00 23,098.00 28,412.00 21,504.00 19,777.00 25,329.00
      Inventory 15,744.00 20,778.00 21,749.00 19,314.00 18,487.00 22,648.00 21,683.00 19,693.00 18,549.00 23,038.00 20,232.00 17,828.00 15,261.00 12,109.00 10,280.00 7,850.00 5,569.00 8,161.00 8,040.00 9,882.00
      Other Current Assets -6,886.00 7,382.00 -9,339.00 -8,615.00 3,530.00 4,280.00 4,201.00 -10,936.00 -7,967.00 -2,681.00 -3,584.00 -6,251.00 -6,171.00 -5,148.00 -5,600.00 186,487.00 -14,354.00 -10,968.00 -11,944.00 434,404.00
   Non-Current Assets 234,019.00 233,877.00 235,437.00 232,012.00 192,696.00 177,364.00 157,760.00 149,041.00 139,130.00 134,045.00 129,227.00 85,502.00 82,815.00 82,477.00 89,974.00 181,298.00 352,824.00 330,160.00 320,523.00 -120,364.00
      Property, Plant, Equipment Net 189,604.00 190,137.00 191,339.00 187,876.00 148,468.00 133,207.00 113,641.00 105,241.00 96,382.00 92,300.00 86,500.00 42,589.00 40,896.00 39,270.00 40,925.00 38,139.00 37,112.00 35,604.00 34,007.00 31,363.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 7,285.00 7,376.00 7,464.00 10,012.00 7,644.00 7,741.00 7,793.00 10,742.00 8,053.00 8,222.00 8,424.00 2,932.00 0 0 1,155.00 1,237.00 1,452.00 1,631.00 1,804.00 1,964.00
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 27,087.00 153,631.00 23,875.00 32,791.00 5,516.00 93,040.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,558.00 3,787.00 7,553.00 10,604.00
      Other Non-Current Assets 37,130.00 36,364.00 36,634.00 34,124.00 36,584.00 36,416.00 36,326.00 33,058.00 34,695.00 33,523.00 34,303.00 39,981.00 41,919.00 43,207.00 20,807.00 -11,709.00 288,827.00 256,347.00 271,643.00 -257,335.00
Liabilities 60,792.00 67,773.00 65,498.00 67,092.00 61,849.00 58,982.00 54,634.00 57,102.00 56,310.00 58,899.00 53,810.00 46,085.00 47,932.00 44,459.00 41,978.00 45,521.00 40,748.00 42,212.00 52,418.00 61,461.00
   Current Liabilities 39,818.00 46,168.00 42,974.00 44,653.00 30,186.00 26,607.00 21,967.00 23,048.00 22,024.00 23,934.00 20,044.00 23,884.00 25,195.00 20,587.00 18,796.00 52,522.00 24,522.00 27,150.00 34,923.00 273,918.00
      Payables and Expenses 13,114.00 15,860.00 17,482.00 21,017.00 20,191.00 16,795.00 12,538.00 14,603.00 13,972.00 15,965.00 12,245.00 16,108.00 18,652.00 14,150.00 13,287.00 16,486.00 14,423.00 10,822.00 10,122.00 11,106.00
            Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9,328.00 10,009.00 9,125.00 8,162.00 7,908.00 7,849.00
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,959.00 6,477.00 5,298.00 2,660.00 2,214.00 3,257.00
      Short-Term Debt 17,053.00 19,958.00 17,754.00 15,452.00 2,324.00 2,419.00 2,535.00 2,653.00 1,991.00 1,594.00 1,611.00 1,131.00 1,182.00 1,235.00 957.00 1,011.00 1,033.00 4,373.00 9,913.00 18,441.00
      Other Current Liabilities 9,651.00 10,350.00 7,738.00 8,184.00 7,671.00 7,393.00 6,894.00 5,792.00 6,061.00 6,375.00 6,188.00 6,645.00 5,361.00 5,202.00 4,552.00 35,025.00 9,066.00 11,955.00 14,888.00 244,371.00
   Non-Current Liabilities 20,974.00 21,605.00 22,524.00 22,439.00 31,663.00 32,375.00 32,667.00 34,054.00 34,286.00 34,965.00 33,766.00 22,201.00 22,737.00 23,872.00 23,182.00 -7,001.00 16,226.00 15,062.00 17,495.00 -212,457.00
      Long-Term Debt 8,801.00 8,741.00 9,086.00 9,370.00 17,634.00 17,978.00 18,127.00 18,274.00 19,179.00 19,830.00 20,119.00 5,133.00 3,731.00 3,998.00 2,955.00 4,178.00 3,408.00 3,670.00 4,287.00 5,445.00
      Other Non-Current Liabilities 12,173.00 12,864.00 13,438.00 13,069.00 14,029.00 14,397.00 14,540.00 15,780.00 15,107.00 15,135.00 13,647.00 17,068.00 19,006.00 19,874.00 20,227.00 -11,179.00 12,818.00 11,392.00 13,208.00 -217,902.00
Equity 217,154.00 216,768.00 218,173.00 217,276.00 218,116.00 189,600.00 175,164.00 178,400.00 174,294.00 174,815.00 180,141.00 145,079.00 147,523.00 151,046.00 158,478.00 442,544.00 413,842.00 363,980.00 336,212.00 324,274.00
   Shareholders Equity 217,154.00 216,768.00 218,173.00 217,276.00 218,116.00 189,600.00 175,164.00 178,400.00 174,294.00 174,815.00 161,214.00 139,979.00 142,623.00 144,505.00 144,350.00 172,341.00 141,025.00 116,283.00 99,152.00 171,683.00
      Capital Stock 47.00 47.00 47.00 47.00 47.00 41.00 38.00 38.00 38.00 37.00 32.00 24.00 24.00 24.00 24.00 23.00 23.00 23.00 23.00 23.00
      Share Premium 200,948.00 199,909.00 199,181.00 198,487.00 197,988.00 171,095.00 154,694.00 154,511.00 153,695.00 152,042.00 132,590.00 103,698.00 103,175.00 102,668.00 102,187.00 102,106.00 101,660.00 101,171.00 100,630.00 100,425.00
      Retained Earnings 63,851.00 64,504.00 66,637.00 66,434.00 67,773.00 66,156.00 68,124.00 71,543.00 68,253.00 70,428.00 76,284.00 83,949.00 87,116.00 89,505.00 89,831.00 92,864.00 87,034.00 62,781.00 46,191.00 32,454.00
      Treasury Shares 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00 47,692.00
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 27,087.00 153,631.00 23,875.00 32,791.00 5,516.00 93,040.00
Debt 25,854.00 28,699.00 26,840.00 24,822.00 19,958.00 20,397.00 20,662.00 20,927.00 21,170.00 21,424.00 21,730.00 4,581.00 4,913.00 5,233.00 3,912.00 4,163.00 4,441.00 8,043.00 14,200.00 38,941.00
Net Debt 18,828.00 21,742.00 20,504.00 11,306.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,457.00
Common Shares Outstanding 42,689.46 42,578.06 42,164.25 42,021.78 42,033.92 35,996.50 33,474.98 33,172.94 33,180.91 32,576.01 27,236.49 19,170.17 19,112.35 19,075.06 19,106.07 18,842.07 18,865.14 18,834.34 18,863.50 18,523.14
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 90,905.00 55,831.00 27,247.00 -41,845.00 81,919.00 47,145.00 21,740.00 -33,951.00 71,079.00 41,250.00 20,805.00 -54,134.00 79,578.00 51,141.00 26,402.00 -31,117.00 69,584.00 40,730.00 21,097.00
Cost Of Revenue 61,363.00 36,398.00 17,332.00 -27,417.00 52,279.00 30,940.00 13,713.00 0 0 0 0 -45,451.00 62,992.00 41,417.00 21,507.00 -16,398.00 43,726.00 25,774.00 12,474.00
Gross Profit 29,542.00 19,433.00 9,915.00 -14,428.00 29,640.00 16,205.00 8,027.00 0 0 0 0 -8,683.00 16,586.00 9,724.00 4,895.00 -14,719.00 25,858.00 14,956.00 8,623.00
Operating Expenses 31,274.00 20,326.00 9,253.00 -22,221.00 32,012.00 20,605.00 11,007.00 -58,796.00 87,518.00 55,164.00 28,632.00 -14,715.00 25,280.00 15,795.00 8,230.00 105,262.00 -134,972.00 -80,711.00 -36,279.00
   Selling, General and Administrative Expenses 16,595.00 11,971.00 6,053.00 -16,383.00 22,735.00 14,677.00 7,666.00 -14,853.00 17,237.00 12,529.00 7,316.00 -7,043.00 13,023.00 7,522.00 4,098.00 -13,006.00 16,953.00 12,097.00 6,648.00
   Research and Development Expenses 6,137.00 3,571.00 874.00 -3,470.00 3,341.00 2,554.00 1,625.00 3,300.00 0 0 0 400.00 0 0 0 400.00 0 0 0
   Other Operating Expenses 8,542.00 4,784.00 2,326.00 -2,368.00 5,936.00 3,374.00 1,716.00 -47,243.00 70,281.00 42,635.00 21,316.00 -8,072.00 12,257.00 8,273.00 4,132.00 117,868.00 -151,925.00 -92,808.00 -42,927.00
Operating Income -1,732.00 -893.00 662.00 7,793.00 -2,372.00 -4,400.00 -2,980.00 24,845.00 -16,439.00 -13,914.00 -7,827.00 6,032.00 -8,694.00 -6,071.00 -3,335.00 -119,981.00 160,830.00 95,667.00 44,902.00
Net Non-Operating Income -851.00 -1,037.00 -459.00 -550.00 -1,368.00 -957.00 -439.00 -431.00 867.00 517.00 286.00 -2,598.00 2,944.00 2,712.00 302.00 69,476.00 -92,237.00 -55,908.00 -26,676.00
Interest Expense 1,905.00 1,318.00 724.00 -1,580.00 2,426.00 1,620.00 791.00 -1,043.00 2,155.00 1,368.00 534.00 -185.00 259.00 176.00 86.00 -2,093.00 1,416.00 1,330.00 837.00
EBT -2,583.00 -1,930.00 203.00 7,243.00 -3,740.00 -5,357.00 -3,419.00 24,414.00 -15,572.00 -13,397.00 -7,541.00 3,434.00 -5,750.00 -3,359.00 -3,033.00 -50,505.00 68,593.00 39,759.00 18,226.00
Income Tax 0.00 0.00 0.00 104.00 30.00 30.00 0.00 54.00 33.00 33.00 33.00 209.00 0.00 0.00 0.00 -12,262.00 14,013.00 9,432.00 4,489.00
Equity Method Investments Income 138.00 155.00 355.00 1,100.00 -473.00 -500.00 0 -5,027.00 3,112.00 2,300.00 1,238.00 -3,736.00 3,222.00 3,222.00 833.00 -153,837.00 185,832.00 119,247.00 54,936.00
Net Income -2,583.00 -1,930.00 203.00 7,467.00 -3,770.00 -5,387.00 -3,419.00 7,945.00 -9,199.00 -6,756.00 -3,650.00 539.00 -241.00 -191.00 -360.00 -64,090.00 79,158.00 53,883.00 25,304.00
EBIT -678.00 -612.00 927.00 5,663.00 -1,314.00 -3,737.00 -2,628.00 23,371.00 -13,417.00 -12,029.00 -7,007.00 3,249.00 -5,491.00 -3,183.00 -2,947.00 -52,598.00 70,009.00 41,089.00 19,063.00
Deprecation and Amortization 10,221.00 5,827.00 2,722.00 -3,745.00 7,608.00 4,423.00 2,312.00 -4,926.00 9,337.00 6,014.00 2,875.00 -4,156.00 6,718.00 4,394.00 2,169.00 -4,338.00 6,155.00 4,010.00 2,106.00
EBITDA 9,543.00 5,215.00 3,649.00 1,918.00 6,294.00 686.00 -316.00 18,445.00 -4,080.00 -6,015.00 -4,132.00 -907.00 1,227.00 1,211.00 -778.00 -56,936.00 76,164.00 45,099.00 21,169.00
EPS -0.00 -0.00 0 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
Diluted EPS -0.00 -0.00 0 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
Average Shares Outstanding Basic 41,478.00 41,415.00 41,322.00 39,828.00 34,085.00 33,229.00 37,062.00 39,013.00 27,894.00 25,739.00 23,770.00 18,624.00 18,435.00 18,409.00 18,344.00 18,404.00 18,243.00 18,219.00 18,166.00
Average Shares Outstanding Diluted 41,478.00 41,415.00 42,530.00 39,828.00 34,085.00 33,229.00 37,062.00 39,013.00 27,894.00 25,739.00 23,770.00 18,624.00 18,435.00 18,409.00 18,344.00 18,798.00 18,416.00 18,356.00 18,274.00
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 28.00 -5,276.00 -5,803.00 7,107.00 5,268.00 -2,424.00 526.00 43,356.00 -21,145.00 -21,159.00 -17,705.00 -10,265.00 352.00 1,758.00 2,094.00 -38,787.00 24,688.00 18,151.00 21,947.00
   Operating Net Income -2,583.00 -1,930.00 203.00 7,467.00 -3,770.00 -5,387.00 -3,419.00 27,366.00 -24,738.00 -20,120.00 -18,666.00 4,663.00 -10,072.00 -7,180.00 -8,452.00 10,396.00 146,707.00 92,733.00 56,678.00
   Deprecation and Amortization 10,221.00 5,827.00 2,722.00 -3,745.00 7,608.00 4,423.00 2,312.00 -4,926.00 9,337.00 6,014.00 2,875.00 -4,156.00 6,718.00 4,394.00 2,169.00 -4,338.00 6,155.00 4,010.00 2,106.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -8,310.00 9,046.00 6,817.00 3,051.00
   Share Based Compensation 2,523.00 1,470.00 736.00 -1,687.00 2,185.00 1,435.00 782.00 -833.00 1,810.00 1,108.00 563.00 -886.00 1,455.00 948.00 464.00 -957.00 1,476.00 987.00 421.00
   Change in Working Capital -7,958.00 2,492.00 -796.00 6,115.00 -5,021.00 359.00 -2,493.00 20,475.00 -10,718.00 -4,151.00 -14,531.00 5,432.00 7,926.00 -394.00 -3,725.00 5,342.00 -8,884.00 -3,558.00 -4,527.00
   Other Operating Activities -2,175.00 -13,135.00 -8,668.00 -1,043.00 4,266.00 -3,254.00 3,344.00 1,274.00 3,164.00 -4,010.00 12,054.00 -15,318.00 -5,675.00 3,990.00 11,638.00 -40,920.00 -129,812.00 -82,838.00 -35,782.00
Investing Cash Flow -7,847.00 -5,530.00 -3,598.00 -4,476.00 -42,100.00 -28,851.00 -9,647.00 2,148.00 -17,304.00 -10,482.00 -2,897.00 -3,508.00 -1,966.00 1,305.00 -439.00 -19,846.00 38,937.00 20,401.00 4,886.00
   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 7,793.00 5,589.00 3,710.00 4,598.00 42,360.00 28,766.00 9,596.00 -3,420.00 17,008.00 10,383.00 3,545.00 -3,957.00 7,419.00 4,093.00 1,359.00 -7,734.00 6,298.00 5,468.00 2,169.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 -4,450.00 2,225.00 2,225.00 2,225.00 0 0 0 0 0 0 0 0
   Other Investing Activities -15,640.00 -11,119.00 -7,308.00 -9,074.00 -84,460.00 -57,617.00 -19,243.00 10,018.00 -36,537.00 -23,090.00 -8,667.00 449.00 -9,385.00 -2,788.00 -1,798.00 -12,112.00 32,639.00 14,933.00 2,717.00
Financing Cash Flow 1,077.00 3,995.00 1,969.00 -10,686.00 40,059.00 14,319.00 -1,013.00 -46,481.00 23,338.00 22,792.00 23,260.00 1,316.00 -1,343.00 -1,024.00 -628.00 27,569.00 -17,418.00 -17,149.00 -10,531.00
   Net Issuance/Repayment of Debt 192,227.00 119,725.00 59,389.00 22,905.00 1,242.00 833.00 414.00 -17,763.00 9,718.00 9,312.00 8,858.00 -487.00 913.00 594.00 226.00 -1,028.00 1,085.00 818.00 315.00
   Net Issuance/Repurchase of Equity 0 0 0 -15,756.00 42,410.00 15,751.00 0 -30,440.00 16,220.00 15,220.00 15,220.00 0 0 0 0 0 0 0 0
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 -65.00 45.00 45.00 20.00 -89.00 92.00 90.00 0
   Other Financing Activities -191,150.00 -115,730.00 -57,420.00 -17,835.00 -3,593.00 -2,265.00 -1,427.00 1,722.00 -2,600.00 -1,740.00 -818.00 1,868.00 -2,301.00 -1,663.00 -874.00 28,686.00 -18,595.00 -18,057.00 -10,846.00
Net Change in Cash -6,742.00 -6,811.00 -7,432.00 -8,055.00 3,227.00 -16,956.00 -10,134.00 -977.00 -15,111.00 -8,849.00 2,658.00 -12,457.00 -2,957.00 2,039.00 1,027.00 -31,064.00 46,207.00 21,403.00 16,302.00
   Cash at Beginning of Period 22,235.00 22,235.00 22,235.00 30,290.00 54,153.00 54,153.00 54,153.00 55,130.00 76,432.00 76,432.00 76,432.00 88,889.00 88,780.00 88,780.00 88,780.00 119,844.00 35,932.00 35,932.00 35,932.00
   Cash at End of Period 15,493.00 15,424.00 14,803.00 22,235.00 57,380.00 37,197.00 44,019.00 54,153.00 61,321.00 67,583.00 79,090.00 76,432.00 85,823.00 90,819.00 89,807.00 88,780.00 82,139.00 57,335.00 52,234.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0