Valuation Ratios

Breakdown 2024-12-31 2023-12-31
Price to Earnings -20.34
Price to Sales 1575.82
Book Value Per Common Share 9.63 2.91
Price to Book 2.98
Price to Operating Cash Flow -22.77
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
Price to Earnings -25.66 -26.00 -54.42 -40.57 -50.11 -121.94
Price to Sales 1790.22 20000.00 18838.46 3338.94 2793.81 3919.64
Book Value Per Common Share 8.78 8.79 9.25 9.63 7.95 8.29 8.54
Price to Book 4.59 2.96 2.65 2.98 4.75 3.81 5.14
Price to Operating Cash Flow -32.01 -34.62 -63.73 -39.20 -42.60 -79.43
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31
Earning YoY
Revenue YoY 458.33
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
Earning YoY
Revenue YoY 1618.00 0.00 6.72 20.98
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31
Cash Per Common Share 11.87 2.96
Quick Ratio 34.76 13.17
Current Ratio 35.30 13.62
Debt to Equity 0.03 0.08
Long-Term Debt to Equity 0.00 0.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Cash Per Common Share 8.91 8.67 9.04 9.74 8.97 9.72 12.04
Quick Ratio 22.30 21.78 30.42 34.76 34.60 46.66 56.76
Current Ratio 22.79 22.15 30.97 35.30 35.32 47.57 57.95
Debt to Equity 0.06 0.05 0.03 0.03 0.03 0.02 0.02
Long-Term Debt to Equity 0.02 0.00 0.00 0.00 0.00 0.00 0.00

Profitability

Breakdown 2024-12-31 2023-12-31
ROA -11.66 -34.02
ROE -12.00 -36.69
Gross Margin
Operating Margin -7729.50 -27180.88
EBITDA Margin -7726.69 -27172.55
Net Profit Margin -7729.50 -33234.31
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
ROA -16.40 -10.82 -4.73 -10.18 -6.35 -2.92
ROE -17.41 -11.32 -4.89 -10.48 -6.49 -2.98
Gross Margin
Operating Margin -6966.59 -75878.00 -34452.00 -8234.41 -5599.38 -3200.76
EBITDA Margin -6931.90 -75698.00 -34428.00 -8229.72 -5597.66 -3200.00
Net Profit Margin -6966.59 -75878.00 -34452.00 -8234.41 -5599.38 -3200.76

Dividends

Breakdown 2024-12-31 2023-12-31
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
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31
Assets 754,797.00 199,301.00
   Current Assets 754,210.00 194,124.00
      Cash and Short-Term Investments 741,998.00 187,674.00
            Cash and Cash Equivalents 257,068.00 8,266.00
            Short-Term Investments 484,930.00 179,408.00
      Net Receivables 781.00 92.00
      Inventory 0 0
      Other Current Assets 11,431.00 6,358.00
   Non-Current Assets 587.00 5,177.00
      Property, Plant, Equipment Net 493.00 491.00
      Goodwill 0 0
      Intangible Assets 0 0
      Long-Term Investments 0 0
      Non-Current Deferred Assets 0 4,667.00
      Other Non-Current Assets 94.00 19.00
Liabilities 21,420.00 14,511.00
   Current Liabilities 21,368.00 14,254.00
      Payables and Expenses 6,517.00 9,747.00
            Account Payables 6,517.00 3,242.00
            Current Accrued Liabilities 0 6,505.00
      Short-Term Debt 186.00 217.00
      Other Current Liabilities 14,665.00 4,290.00
   Non-Current Liabilities 52.00 257.00
      Long-Term Debt 52.00 244.00
      Other Non-Current Liabilities 0.00 13.00
Equity 733,377.00 184,790.00
   Shareholders Equity 733,377.00 184,790.00
      Capital Stock 8.00 307,890.00
      Share Premium 951,350.00 6,842.00
      Retained Earnings -217,981.00 -129,942.00
      Treasury Shares 0 0
      Accumulated Other Comprehensive Income 0 0
   Minority Interest 0 0
Investments 484,930.00 0
Debt 238.00 461.00
Common Shares Outstanding 76,154.78 63,482.51
Breakdown 2024-12-31 2023-12-31
Revenues 1,139.00 204.00
Interest Income 0 6,904.00
Interest Expense 0.00 0
Net Interest 26,624.00 0
Non-Interest Expense 0 9,901.00
Operating Expenses 115,805.00 55,653.00
   Selling, General and Administrative Expenses 33,703.00 9,901.00
   Research and Development Expenses 82,102.00 45,752.00
   Other Operating Expenses 0.00 0
Operating Income -114,666.00 -55,449.00
Net Non-Operating Income 26,627.00 -62.00
EBT -88,039.00 -48,607.00
Income Tax 0.00 0
Net Income Including Non-Controlling Interests 0 -48,607.00
Net Income -88,039.00 -67,798.00
EBIT -88,039.00 -55,449.00
Deprecation and Amortization 32.00 17.00
EBITDA -88,007.00 -55,432.00
EPS -0.00 -0.00
Diluted EPS -0.00 -0.00
Average Shares Outstanding Basic 62,496.72 63,482.51
Average Shares Outstanding Diluted 62,496.72 63,482.51
Breakdown 2024-12-31 2023-12-31
Operating Cash Flow -78,713.00 -45,679.00
   Operating Net Income -88,039.00 -48,607.00
   Deprecation and Amortization 32.00 17.00
   Deferred Income Tax 0 0
   Share Based Compensation 11,402.00 1,528.00
   Change in Working Capital 9,112.00 3,439.00
   Other Operating Activities -11,220.00 -2,056.00
Investing Cash Flow -300,764.00 -121,195.00
   Capital Expenditure 0.00 0
   Net Purchase/Sale of PPE 234.00 0
   Net Purchase/Sale of Investments Net 0 -121,195.00
   Net Purchase/Sale of Business 0 0
   Other Investing Activities -300,998.00 0.00
Financing Cash Flow 628,279.00 86,997.00
   Net Issuance/Repayment of Debt 0 -16,291.00
   Net Issuance/Repurchase of Equity 1,332,068.00 104,627.00
   Dividends Paid 0 0
   Other Financing Activities -703,789.00 -1,339.00
Net Change in Cash 248,802.00 -79,877.00
   Cash at Beginning of Period 8,266.00 88,143.00
   Cash at End of Period 257,068.00 8,266.00
Free Cash Flow 0 -45,679.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Assets 729,913.00 701,445.00 728,181.00 754,797.00 552,471.00 564,330.00 579,108.00
   Current Assets 695,790.00 673,030.00 701,192.00 754,210.00 552,080.00 563,864.00 578,610.00
      Cash and Short-Term Investments 680,263.00 661,052.00 688,434.00 741,998.00 540,710.00 552,880.00 566,508.00
            Cash and Cash Equivalents 45,145.00 14,624.00 41,472.00 257,068.00 43,411.00 25,158.00 77,468.00
            Short-Term Investments 635,118.00 646,428.00 646,962.00 484,930.00 497,299.00 527,722.00 489,040.00
      Net Receivables 515.00 562.00 345.00 781.00 137.00 182.00 153.00
      Inventory 1,501.00 0 0 0 0 0 0
      Other Current Assets 13,511.00 11,416.00 12,413.00 11,431.00 11,233.00 10,802.00 11,949.00
   Non-Current Assets 34,123.00 28,415.00 26,989.00 587.00 391.00 466.00 498.00
      Property, Plant, Equipment Net 19,532.00 1,218.00 1,297.00 493.00 338.00 413.00 445.00
      Goodwill 12,805.00 0 0 0 0 0 0
      Intangible Assets 1,672.00 0 0 0 0 0 0
      Long-Term Investments 0 52,675.00 50,176.00 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0
      Other Non-Current Assets 114.00 -25,478.00 -24,484.00 94.00 53.00 53.00 53.00
Liabilities 42,270.00 31,087.00 23,423.00 21,420.00 15,701.00 11,971.00 10,168.00
   Current Liabilities 30,528.00 30,381.00 22,642.00 21,368.00 15,630.00 11,853.00 9,984.00
      Payables and Expenses 9,193.00 7,125.00 6,731.00 6,517.00 4,076.00 4,491.00 4,658.00
            Account Payables 9,193.00 7,125.00 6,731.00 6,517.00 4,076.00 4,491.00 4,658.00
            Current Accrued Liabilities 0 0 0 0 0 0 0
      Short-Term Debt 912.00 288.00 255.00 186.00 225.00 237.00 220.00
      Other Current Liabilities 20,423.00 22,968.00 15,656.00 14,665.00 11,329.00 7,125.00 5,106.00
   Non-Current Liabilities 11,742.00 706.00 781.00 52.00 71.00 118.00 184.00
      Long-Term Debt 6,329.00 706.00 781.00 52.00 71.00 118.00 184.00
      Other Non-Current Liabilities 5,413.00 0.00 0.00 0.00 0.00 0.00 0.00
Equity 687,643.00 670,358.00 704,758.00 733,377.00 536,770.00 552,359.00 568,940.00
   Shareholders Equity 687,643.00 670,358.00 704,758.00 733,377.00 536,770.00 552,359.00 568,940.00
      Capital Stock 8.00 8.00 8.00 8.00 7.00 7.00 7.00
      Share Premium 1,025,302.00 964,209.00 957,183.00 951,350.00 722,946.00 718,130.00 715,807.00
      Retained Earnings -337,667.00 -293,859.00 -252,433.00 -217,981.00 -186,183.00 -165,778.00 -146,874.00
      Treasury Shares 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0
Investments 635,118.00 699,103.00 697,138.00 484,930.00 497,299.00 527,722.00 489,040.00
Debt 7,241.00 994.00 1,036.00 238.00 296.00 355.00 404.00
Common Shares Outstanding 78,277.45 76,231.86 76,221.29 76,154.78 67,537.86 66,659.85 66,636.25
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Revenues 1,718.00 100.00 100.00 -713.00 683.00 640.00 529.00
Operating Expenses 0 90,997.00 42,256.00 -33,455.00 77,300.00 48,962.00 22,998.00
   Selling, General and Administrative Expenses 55,532.00 32,198.00 14,789.00 -7,365.00 21,998.00 13,282.00 5,788.00
   Research and Development Expenses 86,683.00 58,799.00 27,467.00 -26,090.00 55,302.00 35,680.00 17,210.00
   Other Operating Expenses 0 0.00 0.00 0.00 0.00 0.00 0.00
Operating Income -142,074.00 -90,945.00 -42,204.00 32,742.00 -76,617.00 -48,322.00 -22,469.00
Net Non-Operating Income 22,388.00 15,067.00 7,752.00 -11,772.00 20,376.00 12,486.00 5,537.00
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Interest 22,487.00 15,066.00 7,747.00 -11,788.00 20,379.00 12,487.00 5,546.00
EBT -119,686.00 -75,878.00 -34,452.00 20,970.00 -56,241.00 -35,836.00 -16,932.00
Income Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income -119,686.00 -75,878.00 -34,452.00 20,970.00 -56,241.00 -35,836.00 -16,932.00
EBIT -119,686.00 -75,878.00 -34,452.00 20,970.00 -56,241.00 -35,836.00 -16,932.00
Deprecation and Amortization 596.00 180.00 24.00 -15.00 32.00 11.00 4.00
EBITDA -119,090.00 -75,698.00 -34,428.00 20,955.00 -56,209.00 -35,825.00 -16,928.00
EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 76,383.38 76,207.33 76,187.62 85,754.02 60,311.00 56,857.10 47,064.77
Average Shares Outstanding Diluted 76,383.38 76,207.33 76,187.62 85,754.02 60,311.00 56,857.10 47,064.77
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Operating Cash Flow -96,130.00 -57,236.00 -29,277.00 47,482.00 -58,051.00 -42,132.00 -26,012.00
   Operating Net Income -119,686.00 -75,878.00 -34,452.00 20,970.00 -56,241.00 -35,836.00 -16,932.00
   Deprecation and Amortization 596.00 180.00 24.00 -15.00 32.00 11.00 4.00
   Deferred Income Tax 0 0 0 0 0 0 0
   Share Based Compensation 19,489.00 12,158.00 5,151.00 -290.00 6,412.00 3,763.00 1,517.00
   Change in Working Capital 2,353.00 387.00 795.00 -5,468.00 5,788.00 5,817.00 2,975.00
   Other Operating Activities 1,118.00 5,917.00 -795.00 32,285.00 -14,042.00 -15,887.00 -13,576.00
Investing Cash Flow -170,317.00 -185,362.00 -186,769.00 662,023.00 -311,669.00 -343,674.00 -307,444.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 127.00 30.00 16.00 171.00 25.00 26.00 12.00
   Net Purchase/Sale of Investments Net 1,392,021.00 26,000.00 25,000.00 0 0 0 0
   Net Purchase/Sale of Business 21,967.00 0 0 0 0 0 0
   Other Investing Activities -1,584,432.00 -211,392.00 -211,785.00 661,852.00 -311,694.00 -343,700.00 -307,456.00
Financing Cash Flow 54,524.00 154.00 450.00 -581,942.00 404,865.00 402,698.00 402,658.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 54,801.00 701.00 682.00 110,517.00 408,654.00 406,487.00 406,410.00
   Dividends Paid 0 0 0 0 0 0 0
   Other Financing Activities -277.00 -547.00 -232.00 -692,459.00 -3,789.00 -3,789.00 -3,752.00
Net Change in Cash -211,923.00 -242,444.00 -215,596.00 127,563.00 35,145.00 16,892.00 69,202.00
   Cash at Beginning of Period 257,068.00 257,068.00 257,068.00 129,505.00 8,266.00 8,266.00 8,266.00
   Cash at End of Period 45,145.00 14,624.00 41,472.00 257,068.00 43,411.00 25,158.00 77,468.00
Free Cash Flow 0 0 0 0 0 0 0