Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -4.72 -3.67 -2.52
Price to Sales
Book Value Per Common Share 0.55 0.73 0.93 1.09 0.57
Price to Book 1.71 1.21 0.57 1.47 1.66
Price to Operating Cash Flow -5.65 -5.30 -3.22 -12.30 -3.90
Price to Free Cash Flow -5.65 -5.29 -3.22 -12.29 -3.90
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Price to Earnings -12.39 -11.86 -13.46 -25.33 -36.00 -14.50 -31.25
Price to Sales
Book Value Per Common Share 0.39 0.45 0.51 0.55 0.59 0.68 0.73 0.89 0.93 1.07 1.09 1.16 0.57
Price to Book 2.25 1.86 1.33 1.71 2.60 2.63 1.21 0.81 0.57 1.17 1.47 1.82 1.66
Price to Operating Cash Flow -18.65 -14.77 -14.60 -40.21 -48.00 -13.06 -32.47 -57.81
Price to Free Cash Flow -18.65 -14.77 -14.56 -40.21 -48.00 -32.38
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
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Earning YoY
Revenue YoY
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 0.57 0.70 0.88 1.08 0.83
Quick Ratio
Current Ratio 14.99 17.61 21.23 45.18 2.73
Debt to Equity 0.07 0.06 0.05 0.02 0.58
Long-Term Debt to Equity 0.00 0.00 0.00 0.00 0.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Cash Per Common Share 0.40 0.45 0.51 0.55 0.59 0.67 0.71 0.82 0.88 1.04 1.08 1.14 0.83
Quick Ratio
Current Ratio 6.77 9.17 12.67 14.99 13.30 16.34 17.61 37.66 21.23 58.94 45.18 102.26 2.73
Debt to Equity 0.17 0.12 0.08 0.07 0.08 0.06 0.06 0.03 0.05 0.02 0.02 0.01 0.58
Long-Term Debt to Equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -33.36 -31.27 -21.82 -14.59 -41.62
ROE -35.68 -33.06 -22.85 -14.92 -65.62
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
ROA -14.98 -13.06 -9.50 -9.10 -6.45 -5.41 -3.48 -2.51
ROE -17.46 -14.60 -10.28 -9.81 -6.85 -5.55 -3.54 -2.53
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

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 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 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 76,444.00 96,252.00 123,532.00 141,262.00 42,839.45
   Current Assets 74,457.00 92,219.00 118,197.00 141,240.00 42,770.18
      Cash and Short-Term Investments 71,194.00 88,570.00 111,000.00 136,487.00 39,663.67
            Cash and Cash Equivalents 71,194.00 88,570.00 111,000.00 136,487.00 39,663.67
            Short-Term Investments 0 0 0 0 0
      Net Receivables 0 0 0 0 0
      Inventory 0 0 0 0 0
      Other Current Assets 3,263.00 3,649.00 7,197.00 4,753.00 3,106.50
   Non-Current Assets 1,987.00 4,033.00 5,335.00 22.00 69.28
      Property, Plant, Equipment Net 0 0 0 20.00 38.69
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 13.38
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 2.00 17.22
Liabilities 4,967.00 5,236.00 5,568.00 3,126.00 15,671.52
   Current Liabilities 4,967.00 5,236.00 5,568.00 3,126.00 15,671.52
      Payables and Expenses 3,460.00 3,433.00 5,549.00 3,105.00 2,645.64
            Account Payables 679.00 806.00 2,965.00 1,717.00 1,588.61
            Current Accrued Liabilities 2,781.00 2,627.00 2,584.00 1,388.00 1,057.03
      Short-Term Debt 0 0 0 0 18.05
      Other Current Liabilities 1,507.00 1,803.00 19.00 21.00 13,007.82
   Non-Current Liabilities 0.00 0.00 0.00 0.00 0.00
      Long-Term Debt 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0
Equity 71,477.00 91,016.00 117,964.00 138,136.00 27,167.93
   Shareholders Equity 71,477.00 91,016.00 117,964.00 138,136.00 27,167.93
      Capital Stock 23,488.00 22,792.00 22,792.00 22,792.00 8,558.78
      Share Premium 261,256.00 255,987.00 251,366.00 244,578.00 130,508.15
      Retained Earnings -211,792.00 -186,288.00 -156,194.00 -129,234.00 -111,898.99
      Treasury Shares -1,475.00 -1,475.00 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 0
Debt 0 0 0 0 18.05
Common Shares Outstanding 129,170.00 125,304.06 126,624.00 126,624.00 47,548.83
Preferred Shares Outstanding 0.58 0.58 1.00 1.00 0.62
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Expenses 27,621.00 31,377.00 27,691.00 20,521.00 14,607.39
   Selling, General and Administrative Expenses 13,504.00 14,043.00 12,608.00 11,311.00 7,999.00
   Research and Development Expenses 14,117.00 17,334.00 15,083.00 9,210.00 6,608.39
   Other Operating Expenses 0.00 0.00 0.00 0.00 0.00
Operating Income -27,621.00 -31,377.00 -27,691.00 -20,521.00 -14,607.39
Net Non-Operating Income 2,117.00 1,283.00 731.00 -85.00 -3,220.56
Interest Expense 0.00 0.00 0.00 0.00 0.00
Net Interest 4,050.00 4,343.00 877.00 0 0
EBT -25,504.00 -30,094.00 -26,960.00 -20,606.00 -17,827.95
Income Tax 0.00 0.00 0.00 0.00 0.00
Net Income -25,504.00 -30,094.00 -26,960.00 -20,606.00 -17,827.95
EBIT -25,504.00 -30,094.00 -26,960.00 -20,606.00 -17,827.95
Deprecation and Amortization 17.00 23.00 8.00 23.00 46.52
EBITDA -25,487.00 -30,071.00 -26,952.00 -20,583.00 -17,781.43
EPS -0.00 -0.00 -0.00 0 0
Diluted EPS -0.00 -0.00 0 0 0
Average Shares Outstanding Basic 125,859.28 126,081.60 126,624.00 0 0
Average Shares Outstanding Diluted 125,859.28 126,081.60 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -21,030.00 -20,941.00 -20,760.00 -16,472.00 -11,570.28
   Operating Net Income -25,504.00 -30,094.00 -26,960.00 -20,606.00 -17,827.95
   Deprecation and Amortization 17.00 23.00 8.00 23.00 46.52
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 2,292.00 4,621.00 6,788.00 5,267.00 3,019.41
   Change in Working Capital 448.00 776.00 -928.00 -719.00 -216.07
   Other Operating Activities 1,717.00 3,733.00 332.00 -437.00 3,407.81
Investing Cash Flow -19.00 -14.00 -4,727.00 -9.00 -9.37
   Capital Expenditure -19.00 -14.00 -27.00 -9.00 -9.37
   Net Purchase/Sale of PPE -19.00 -14.00 -27.00 -9.00 -9.37
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 19.00 14.00 -4,673.00 9.00 9.37
Financing Cash Flow 3,673.00 -1,475.00 0 113,304.00 38,552.18
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 3,673.00 1,475.00 0 44,209.00 4,947.22
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0.00 -2,950.00 0 69,095.00 33,604.96
Net Change in Cash -17,376.00 -22,430.00 -25,487.00 96,823.00 26,972.53
   Cash at Beginning of Period 88,570.00 111,000.00 136,487.00 39,664.00 12,691.14
   Cash at End of Period 71,194.00 88,570.00 111,000.00 136,487.00 39,663.67
Free Cash Flow -21,049.00 -20,955.00 -20,787.00 -16,481.00 -11,579.65
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Assets 58,012.00 64,515.00 70,747.00 76,444.00 79,477.00 91,087.00 96,252.00 116,200.00 123,532.00 137,478.00 141,262.00 141,080.55 42,839.45
   Current Assets 55,678.00 62,517.00 68,744.00 74,457.00 77,111.00 87,055.00 92,219.00 110,869.00 118,197.00 136,848.00 141,240.00 141,031.31 42,770.18
      Cash and Short-Term Investments 51,845.00 57,857.00 65,226.00 71,194.00 74,766.00 84,070.00 88,570.00 103,978.00 111,000.00 131,596.00 136,487.00 137,683.59 39,663.67
            Cash and Cash Equivalents 51,845.00 57,857.00 65,226.00 71,194.00 74,766.00 84,070.00 88,570.00 103,978.00 111,000.00 131,596.00 136,487.00 137,683.59 39,663.67
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 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
      Other Current Assets 3,833.00 4,660.00 3,518.00 3,263.00 2,345.00 2,985.00 3,649.00 6,891.00 7,197.00 5,252.00 4,753.00 3,347.72 3,106.50
   Non-Current Assets 2,334.00 1,998.00 2,003.00 1,987.00 2,366.00 4,032.00 4,033.00 5,331.00 5,335.00 630.00 22.00 49.23 69.28
      Property, Plant, Equipment Net 0 0 0 0 0 0 0 0 0 0 20.00 23.85 38.69
      Goodwill 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 8.92 13.38
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 2,366.00 0 0 0 0 0 2.00 16.47 17.22
Liabilities 8,225.00 6,820.00 5,425.00 4,967.00 5,796.00 5,328.00 5,236.00 2,944.00 5,568.00 2,322.00 3,126.00 1,379.15 15,671.52
   Current Liabilities 8,225.00 6,820.00 5,425.00 4,967.00 5,796.00 5,328.00 5,236.00 2,944.00 5,568.00 2,322.00 3,126.00 1,379.15 15,671.52
      Payables and Expenses 5,675.00 4,388.00 3,895.00 3,460.00 3,374.00 3,502.00 3,433.00 2,879.00 5,549.00 2,309.00 3,105.00 1,363.44 2,645.64
            Account Payables 3,536.00 2,010.00 1,165.00 679.00 1,561.00 1,230.00 806.00 1,444.00 2,965.00 1,596.00 1,717.00 722.28 1,588.61
            Current Accrued Liabilities 2,139.00 2,378.00 2,730.00 2,781.00 1,813.00 2,272.00 2,627.00 1,435.00 2,584.00 713.00 1,388.00 641.16 1,057.03
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 8.01 18.05
      Other Current Liabilities 2,550.00 2,432.00 1,530.00 1,507.00 2,422.00 1,826.00 1,803.00 65.00 19.00 13.00 21.00 7.70 13,007.82
   Non-Current Liabilities 0 0 0.00 0.00 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
      Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0
Equity 49,787.00 57,695.00 65,322.00 71,477.00 73,681.00 85,759.00 91,016.00 113,256.00 117,964.00 135,156.00 138,136.00 139,701.40 27,167.93
   Shareholders Equity 49,787.00 57,695.00 65,322.00 71,477.00 73,681.00 85,759.00 91,016.00 113,256.00 117,964.00 135,156.00 138,136.00 139,701.40 27,167.93
      Capital Stock 23,488.00 23,488.00 23,488.00 23,488.00 22,882.00 22,829.00 22,792.00 22,792.00 22,792.00 22,792.00 22,792.00 21,748.38 8,558.78
      Share Premium 263,399.00 262,615.00 261,819.00 261,256.00 257,719.00 256,571.00 255,987.00 252,939.00 251,366.00 246,384.00 244,578.00 230,118.72 130,508.15
      Retained Earnings -235,625.00 -226,933.00 -218,510.00 -211,792.00 -205,445.00 -192,166.00 -186,288.00 -162,475.00 -156,194.00 -134,020.00 -129,234.00 -112,165.70 -111,898.99
      Treasury Shares 1,475.00 1,475.00 -1,475.00 -1,475.00 1,475.00 -1,475.00 -1,475.00 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 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
Debt 0 0 0 0 0 0 0 0 0 0 0 8.01 18.05
Common Shares Outstanding 129,171.42 129,171.42 129,170.00 129,170.00 125,801.25 125,507.81 125,304.06 126,624.00 126,624.00 126,624.00 126,624.00 120,824.37 47,548.83
Preferred Shares Outstanding 0 0 0.58 0.58 0 0.58 0.58 1.00 1.00 1.00 1.00 0.62 0.62
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Interest Income 570.00 645.00 0 0 1,001.00 0 0 0 0 0
Interest Expense 0 0 0.00 0.00 0 0 0.00 0.00 0.00 0.00
Net Interest 0 0 720.00 2,912.00 0 0 1,138.00 850.00 0 0
Non-Interest Expense 3,881.00 3,538.00 0 0 2,973.00 0 0 0 0 0
Operating Expenses 9,251.00 9,040.00 7,414.00 14,256.00 6,385.00 0 6,980.00 7,098.00 4,747.00 3,530.73
   Selling, General and Administrative Expenses 3,881.00 3,538.00 3,257.00 7,299.00 2,973.00 0 3,232.00 3,590.00 3,248.00 2,152.24
   Research and Development Expenses 5,370.00 5,502.00 4,157.00 6,957.00 3,412.00 0 3,748.00 3,508.00 1,499.00 1,378.49
   Other Operating Expenses 0 0 0.00 0.00 0 0 0.00 0.00 0.00 0.00
Operating Income -9,251.00 -9,040.00 -7,414.00 -14,256.00 -6,385.00 0 -6,980.00 -7,098.00 -4,747.00 -3,530.73
Net Non-Operating Income -11.00 -28.00 696.00 1,151.00 -136.00 0 1,102.00 817.00 -39.00 -7.34
EBT -8,692.00 -8,423.00 -6,718.00 -12,396.00 -7,230.00 0 -5,878.00 -6,281.00 -4,786.00 -3,538.07
Income Tax 0 0 0.00 0.00 0 0 0.00 0.00 0.00 0.00
Net Income Including Non-Controlling Interests -8,692.00 -8,423.00 0 0 -7,230.00 0 0 0 0 0
Net Income -8,692.00 -8,423.00 -6,718.00 -12,396.00 -7,230.00 0 -5,878.00 -6,281.00 -4,786.00 -3,538.07
EBIT -9,251.00 -9,040.00 -6,718.00 -13,241.00 -6,385.00 0 -5,878.00 -6,281.00 -4,786.00 -3,538.07
Deprecation and Amortization 4.00 4.00 4.00 8.00 4.00 0 5.00 3.00 2.00 9.26
EBITDA -9,247.00 -9,036.00 -6,714.00 -13,233.00 -6,381.00 0 -5,873.00 -6,278.00 -4,784.00 -3,528.81
EPS -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 0 0
Average Shares Outstanding Basic 129,171.42 129,170.43 129,170.00 126,612.52 125,772.66 125,732.14 125,319.78 126,624.00 126,624.00 0
Average Shares Outstanding Diluted 129,171.42 129,170.43 129,170.00 126,612.52 125,772.66 125,732.14 125,319.78 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Operating Cash Flow -6,005.00 -7,259.00 -5,959.00 -4,750.00 -4,698.00 -7,022.00 -4,878.00 -4,408.79
   Operating Net Income -8,692.00 -8,423.00 -6,718.00 -7,230.00 -5,878.00 -6,281.00 -4,786.00 -3,538.07
   Deprecation and Amortization 4.00 4.00 4.00 4.00 5.00 3.00 2.00 9.26
   Deferred Income Tax 0 0 0 0 0 0 0 0
   Share Based Compensation 784.00 796.00 563.00 749.00 417.00 1,573.00 1,806.00 639.75
   Change in Working Capital 1,899.00 364.00 192.00 18.00 756.00 -2,322.00 -2,304.00 -1,434.64
   Other Operating Activities 0.00 0.00 0.00 1,709.00 2.00 5.00 404.00 -85.09
Investing Cash Flow -7.00 0 -9.00 -10.00 -6.00 0 -13.00 0
   Capital Expenditure 0 0 -9.00 0 -6.00 0.00 -13.00 0.00
   Net Purchase/Sale of PPE -7.00 0 -9.00 -10.00 -6.00 0 -13.00 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0
   Other Investing Activities 0.00 0 9.00 0.00 6.00 0 13.00 0
Financing Cash Flow 0 0 0 0 204.00 0 0 102,428.71
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 0 0 204.00 0 0 32,760.30
   Dividends Paid 0 0 0 0 0 0 0 0
   Other Financing Activities 0 0 0 0 0.00 0 0 69,668.41
Net Change in Cash -6,012.00 -7,259.00 -5,968.00 -4,760.00 -4,500.00 -7,022.00 -4,891.00 98,019.92
   Cash at Beginning of Period 57,967.00 65,226.00 71,194.00 79,636.00 88,570.00 111,000.00 136,487.00 39,663.67
   Cash at End of Period 51,955.00 57,967.00 65,226.00 74,876.00 84,070.00 103,978.00 131,596.00 137,683.59
Free Cash Flow -6,012.00 -7,259.00 -5,968.00 -4,760.00 -4,704.00 0 -4,891.00 0