Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -0.94 -12.62 -43.48
Price to Sales 107.93 956.77 2739.73 7068.97
Book Value Per Common Share -2.19 0.10 0.04 0.20 0.01
Price to Book -2.42 56.87 461.89 405.54
Price to Operating Cash Flow -1.73 -20.63 -33.43 -147.56
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 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 -3.40 -4.39 -34.22 -1.15 -2.56 -94.53 -24.19 -38.26 -150.67 -121.74 -180.00 -593.91
Price to Sales 467.05 331.36 334.78 118.30 279.37 14180.00 1983.60 3825.65 16142.86 14736.84 50400.00 157600.00 16070.59 33058.82 71000.00
Book Value Per Common Share -2.42 -1.81 -1.15 -2.19 -1.20 -0.16 0.03 0.10 0.17 0.17 -0.04 0.04 -0.29 -0.02 0.03 0.20 0.09 -0.85 -1.21 0.01
Price to Book -2.49 -2.16 -2.68 -2.42 -3.82 -45.46 256.27 56.87 59.50 104.94 -541.97 461.89 -190.93 -2831.46 2470.22 405.54 1494.53 -263.08 -211.05
Price to Operating Cash Flow -4.19 -3.68 -5.42 -1.80 -3.40 -154.41 -41.85 -87.86 -186.47 -113.15 -139.38 -380.86 -334.72 -770.13 -1661.90
Price to Free Cash Flow
Enterprise Value to EBITDA 222116.07 2894544.57

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY -47.71 38.27 -34.58 250.97
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 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
Revenue YoY 13.89 33.33 53.05 124.66 28.72 251.40 -23.02 267.69 116.67 26.57 94.37
EBITDA YoY -89.85 -80.69
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 1.75 0.33 0.36 0.81 1.00
Quick Ratio 1.19 1.39 1.70 8.35 5.08
Current Ratio 1.57 1.53 2.11 9.06 5.40
Debt to Equity -4.09 2.91 12.75 4.01 199.13
Long-Term Debt to Equity -2.92 1.02 8.46 3.53 164.91
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 0.83 0.80 1.11 1.51 2.26 3.38 0.22 0.27 0.43 0.61 0.24 0.31 0.26 0.42 0.58 0.81 0.99 1.04 0.81 1.00
Quick Ratio 1.19 1.07 1.39 2.76 8.61 1.09 1.70 2.66 8.35 12.55 13.96 11.79 5.08
Current Ratio 1.53 1.58 1.36 1.57 0.83 0.99 1.23 1.53 3.04 9.31 1.47 2.11 3.49 4.13 7.77 9.06 13.54 15.08 13.06 5.40
Debt to Equity -2.81 -3.59 -6.09 -4.09 -8.65 -81.02 9.57 2.91 1.82 2.15 -25.52 12.75 -4.86 -80.12 25.46 4.01 11.85 -3.83 -2.62 199.13
Long-Term Debt to Equity -2.13 -2.70 -3.93 -2.92 -2.88 -25.33 3.43 1.02 1.11 1.88 -15.14 8.46 -4.20 -66.52 22.75 3.53 11.00 -3.65 -2.51 164.91

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -15.44 -28.25
ROE -77.32 -5653.08
Gross Margin 79.53 81.50 94.50
Operating Margin -10332.16 -6872.48 -5628.33 -1286.03 -8602.43
EBITDA Margin -8735.96 -6284.71 -5115.22 -759.06 -7649.51
Net Profit Margin -1347.16 -9357.77
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 -75.96 -36.93 -81.89 -44.30 -65.08 -54.41 -80.17 -40.16 -25.03 -19.39 -58.82 -67.92
ROE 137.14 95.56 626.69 3544.64 -183.74 -171.43 309.73 3177.26 -662.07 -249.09 166.28 110.20
Gross Margin 83.74 81.48 75.31 79.28 79.27 78.08 82.85 81.12 95.33 -54.96 -92.75
Operating Margin -12204.07 -6373.15 -176.54 -8885.66 -9353.05 -13473.97 -7432.44 -9240.16 -10003.74 -11076.99 -25161.54 -41906.67 -2743.51 -10307.73 -18439.91
EBITDA Margin -9095.94 -3984.26 1483.95 -7740.64 -8184.15 -12156.16 -6837.19 -8732.98 -9151.40 -10179.50 -22936.92 57393.33 -2603.44 -10187.20 -18231.46
Net Profit Margin -13778.05 -7564.81 -10299.20 -10893.29 -8126.24 -9817.29 -12076.99 -27520.00 -44513.33 -2702.86 -10412.32 -18664.79

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 27,337.00 52,341.00 44,493.00 63,063.00 68,243.00
   Current Assets 16,157.00 38,852.00 29,195.00 54,583.00 62,989.00
      Cash and Short-Term Investments 12,200.00 35,000.00 23,300.00 50,288.00 59,275.00
            Cash and Cash Equivalents 12,155.00 28,821.00 18,332.00 50,288.00 59,275.00
            Short-Term Investments 0 6,179.00 4,983.00 0 0
      Net Receivables 64.00 143.00 189.00 49.00 21.00
      Inventory 68.00 37.00 43.00 41.00 191.00
      Other Current Assets 3,825.00 3,672.00 5,663.00 4,205.00 3,502.00
   Non-Current Assets 11,180.00 13,489.00 15,298.00 8,480.00 5,254.00
      Property, Plant, Equipment Net 11,122.00 13,431.00 15,240.00 8,422.00 13,704.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 58.00 58.00 58.00 58.00 -8,450.00
Liabilities 36,194.00 38,951.00 41,256.00 50,466.00 67,902.00
   Current Liabilities 10,291.00 25,330.00 13,857.00 6,026.00 11,668.00
      Payables and Expenses 9,006.00 5,224.00 6,877.00 3,610.00 3,960.00
            Account Payables 1,240.00 1,504.00 3,014.00 1,923.00 1,124.00
            Current Accrued Liabilities 7,766.00 3,720.00 3,863.00 3,610.00 3,960.00
      Short-Term Debt 1,644.00 34,733.00 19,798.00 840.00 6,308.00
      Other Current Liabilities -359.00 -14,627.00 -12,818.00 1,576.00 1,400.00
   Non-Current Liabilities 25,903.00 13,621.00 27,399.00 44,440.00 56,234.00
      Long-Term Debt 24,168.00 8,691.00 32,657.00 23,321.00 3,939.00
      Other Non-Current Liabilities 1,735.00 4,930.00 -5,258.00 21,119.00 52,295.00
Equity -8,857.00 13,390.00 3,237.00 12,597.00 341.00
   Shareholders Equity -17,714.00 13,390.00 3,237.00 12,597.00 341.00
      Capital Stock 1.00 13.00 7.00 6.00 6.00
      Share Premium 273,194.00 255,901.00 196,246.00 175,659.00 153,571.00
      Retained Earnings -282,123.00 -242,723.00 -193,219.00 -163,301.00 -153,561.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 71.00 199.00 203.00 233.00 325.00
   Minority Interest 0 0 0 0 0
Investments 0 6,179.00 4,983.00 18,346.00 21.00
Debt 25,812.00 43,424.00 52,455.00 24,161.00 10,247.00
Net Debt 13,612.00 8,424.00 29,155.00 0 0
Common Shares Outstanding 8,089.56 128,422.85 74,759.59 62,312.10 59,526.17
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 342.00 654.00 473.00 723.00 206.00
Cost Of Revenue 70.00 121.00 26.00 0 0
Gross Profit 272.00 533.00 447.00 0 0
Operating Expenses 66,458.00 41,073.00 97,265.00 50,701.00 20,420.00
   Selling, General and Administrative Expenses 13,307.00 14,418.00 16,936.00 21,996.00 5,251.00
   Research and Development Expenses 28,317.00 26,955.00 31,920.00 28,416.00 16,904.00
   Other Operating Expenses 24,834.00 -300.00 48,409.00 289.00 -1,735.00
Operating Income -66,186.00 -40,540.00 -96,818.00 87,244.00 -172,428.00
Net Non-Operating Income 26,786.00 -8,964.00 66,900.00 -97,412.00 153,557.00
Interest Income 4,929.00 5,947.00 0 0 0
Interest Expense 4,064.00 4,558.00 3,296.00 870.00 1,150.00
Net Interest 865.00 1,389.00 -3,296.00 0 0
EBT -39,400.00 -49,504.00 -29,918.00 -10,168.00 -18,871.00
Income Tax 0.00 0.00 0.00 428.00 406.00
Net Income Including Non-Controlling Interests 0 0 0 -9,740.00 -19,277.00
Net Income Non-Controlling Interests 0 0 0 0.00 0.00
Net Income 0 0 0 -9,740.00 -19,277.00
EBIT -35,336.00 -44,946.00 -26,622.00 -9,298.00 -17,721.00
Deprecation and Amortization 5,459.00 3,844.00 2,427.00 3,810.00 1,963.00
EBITDA -29,877.00 -41,102.00 -24,195.00 -5,488.00 -15,758.00
EPS -0.01 -0.00 -0.00 0 0
Average Shares Outstanding Basic 6,954.13 104,938.82 65,204.66 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -21,326.00 -30,171.00 -39,011.00 -34,624.00 -18,929.00
   Operating Net Income -78,800.00 -99,008.00 -59,836.00 -9,740.00 -19,277.00
   Deprecation and Amortization 5,459.00 3,844.00 2,427.00 3,810.00 1,963.00
   Deferred Income Tax 0 0 0 -282.00 260.00
   Share Based Compensation 7,953.00 9,117.00 8,513.00 12,384.00 2,322.00
   Change in Working Capital 3,511.00 -4,247.00 1,630.00 3,165.00 2,457.00
   Other Operating Activities 40,551.00 60,123.00 8,255.00 -43,961.00 -6,654.00
Investing Cash Flow 6,316.00 -1,499.00 -10,164.00 -1,332.00 -387.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 15.00 330.00 5,179.00 1,332.00 387.00
   Net Purchase/Sale of Investments Net 18,669.00 11,169.00 44,243.00 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -12,368.00 -12,998.00 -59,586.00 -2,664.00 -774.00
Financing Cash Flow -1,529.00 42,163.00 17,249.00 27,112.00 69,534.00
   Net Issuance/Repayment of Debt 20,820.00 431.00 5,830.00 20,157.00 6,971.00
   Net Issuance/Repurchase of Equity 124.00 0 12,570.00 9,704.00 35,129.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -22,473.00 41,732.00 -1,151.00 -2,749.00 27,434.00
Net Change in Cash -16,666.00 10,489.00 -31,956.00 -8,929.00 50,487.00
   Cash at Beginning of Period 28,879.00 18,390.00 50,346.00 59,275.00 8,788.00
   Cash at End of Period 12,213.00 28,879.00 18,390.00 50,346.00 59,275.00
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 22,311.00 22,125.00 25,314.00 27,337.00 31,569.00 40,330.00 45,069.00 52,341.00 60,433.00 67,845.00 39,888.00 44,493.00 36,004.00 44,542.00 53,361.00 63,063.00 73,037.00 73,284.00 58,531.00 68,243.00
   Current Assets 12,673.00 11,985.00 14,671.00 16,157.00 19,698.00 27,910.00 32,111.00 38,852.00 46,446.00 53,371.00 24,822.00 29,195.00 21,486.00 31,587.00 42,449.00 54,583.00 65,393.00 68,158.00 53,343.00 62,989.00
      Cash and Short-Term Investments 7,900.00 7,300.00 9,800.00 12,200.00 14,600.00 21,700.00 27,900.00 35,000.00 42,100.00 49,200.00 18,400.00 23,300.00 16,233.00 26,286.00 36,516.00 50,288.00 60,552.00 63,007.00 48,041.00 59,275.00
            Cash and Cash Equivalents 7,925.00 7,285.00 9,832.00 12,155.00 14,645.00 21,682.00 21,732.00 28,821.00 42,113.00 49,243.00 18,442.00 18,332.00 7,267.00 7,253.00 12,930.00 50,288.00 60,552.00 63,007.00 48,041.00 59,275.00
            Short-Term Investments 0 0 0 0 0 0 6,178.00 6,179.00 0 0 0 4,983.00 8,966.00 19,033.00 23,586.00 0 0 0 0 0
      Net Receivables 0 0 0 64.00 0 0 64.00 143.00 64.00 161.00 63.00 189.00 126.00 0 0 49.00 68.00 68.00 123.00 21.00
      Inventory 61.00 79.00 38.00 68.00 128.00 37.00 37.00 37.00 104.00 52.00 88.00 43.00 38.00 107.00 38.00 41.00 41.00 53.00 355.00 191.00
      Other Current Assets 4,712.00 4,606.00 4,833.00 3,825.00 4,970.00 6,173.00 4,110.00 3,672.00 4,178.00 3,958.00 6,271.00 5,663.00 5,089.00 5,194.00 5,895.00 4,205.00 4,732.00 5,030.00 4,824.00 3,502.00
   Non-Current Assets 9,638.00 10,140.00 10,643.00 11,180.00 11,871.00 12,420.00 12,958.00 13,489.00 13,987.00 14,474.00 15,066.00 15,298.00 14,518.00 12,955.00 10,912.00 8,480.00 7,644.00 5,126.00 5,188.00 5,254.00
      Property, Plant, Equipment Net 9,580.00 10,082.00 10,585.00 11,122.00 11,813.00 12,362.00 12,900.00 13,431.00 13,929.00 14,416.00 15,008.00 15,240.00 14,460.00 12,897.00 10,854.00 8,422.00 7,586.00 5,126.00 5,188.00 13,704.00
      Goodwill 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 100.00 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 58.00 58.00 58.00 58.00 58.00 58.00 58.00 58.00 58.00 58.00 58.00 58.00 58.00 58.00 58.00 58.00 -42.00 0.00 0.00 -8,450.00
Liabilities 34,668.00 30,675.00 30,287.00 36,194.00 35,694.00 40,834.00 40,805.00 38,951.00 39,027.00 46,312.00 41,515.00 41,256.00 45,323.00 45,105.00 51,344.00 50,466.00 67,351.00 99,209.00 94,607.00 67,902.00
   Current Liabilities 8,306.00 7,574.00 10,764.00 10,291.00 23,828.00 28,069.00 26,185.00 25,330.00 15,268.00 5,735.00 16,876.00 13,857.00 6,154.00 7,655.00 5,466.00 6,026.00 4,831.00 4,519.00 4,086.00 11,668.00
      Payables and Expenses 6,263.00 6,187.00 6,658.00 9,006.00 8,411.00 6,993.00 5,550.00 5,224.00 5,083.00 5,144.00 6,541.00 6,877.00 2,136.00 2,566.00 1,541.00 3,610.00 3,117.00 2,731.00 2,730.00 3,960.00
            Account Payables 1,369.00 828.00 1,413.00 1,240.00 1,678.00 1,066.00 1,645.00 1,504.00 1,889.00 846.00 608.00 3,014.00 3,454.00 4,526.00 3,313.00 1,923.00 1,023.00 1,143.00 739.00 1,124.00
            Current Accrued Liabilities 4,894.00 5,359.00 5,245.00 7,766.00 6,733.00 5,927.00 3,905.00 3,720.00 3,194.00 4,298.00 5,933.00 3,863.00 2,136.00 2,566.00 1,541.00 3,610.00 3,117.00 2,731.00 2,730.00 3,960.00
      Short-Term Debt 2,613.00 1,387.00 7,227.00 1,644.00 22,482.00 41,529.00 35,622.00 34,733.00 19,773.00 591.00 20,086.00 19,798.00 1,031.00 1,003.00 1,085.00 840.00 677.00 579.00 341.00 6,308.00
      Other Current Liabilities -570.00 0.00 -3,121.00 -359.00 -7,065.00 -20,453.00 -14,987.00 -14,627.00 -9,588.00 0.00 -9,751.00 -12,818.00 2,987.00 4,086.00 2,840.00 1,576.00 1,037.00 1,209.00 1,015.00 1,400.00
   Non-Current Liabilities 26,362.00 23,101.00 19,523.00 25,903.00 11,866.00 12,765.00 14,620.00 13,621.00 23,759.00 40,577.00 24,639.00 27,399.00 39,169.00 37,450.00 45,878.00 44,440.00 62,520.00 94,690.00 90,521.00 56,234.00
      Long-Term Debt 12,618.00 12,944.00 18,778.00 24,168.00 12,942.00 13,288.00 8,360.00 8,691.00 18,430.00 37,269.00 18,828.00 32,657.00 27,193.00 27,322.00 26,316.00 23,321.00 27,433.00 13,846.00 3,777.00 3,939.00
      Other Non-Current Liabilities 13,744.00 10,157.00 745.00 1,735.00 -1,076.00 -523.00 6,260.00 4,930.00 5,329.00 3,308.00 5,811.00 -5,258.00 11,976.00 10,128.00 19,562.00 21,119.00 35,087.00 80,844.00 86,744.00 52,295.00
Equity -12,357.00 -8,550.00 -4,973.00 -8,857.00 -4,125.00 -504.00 4,264.00 13,390.00 21,406.00 21,533.00 -1,627.00 3,237.00 -9,319.00 -563.00 2,017.00 12,597.00 5,686.00 -25,925.00 -36,076.00 341.00
   Shareholders Equity -24,714.00 -17,100.00 -9,946.00 -17,714.00 -8,250.00 -1,008.00 4,264.00 13,390.00 21,406.00 21,533.00 -3,254.00 3,237.00 -18,638.00 -1,126.00 2,017.00 12,597.00 5,686.00 -51,850.00 -72,152.00 341.00
      Capital Stock 1.00 1.00 1.00 1.00 1.00 1.00 13.00 13.00 13.00 13.00 8.00 7.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00
      Share Premium 286,562.00 281,593.00 277,814.00 273,194.00 264,225.00 259,913.00 257,914.00 255,901.00 253,854.00 251,478.00 203,133.00 196,246.00 182,760.00 180,534.00 178,433.00 175,659.00 173,203.00 170,449.00 156,886.00 153,571.00
      Retained Earnings -299,070.00 -290,293.00 -282,874.00 -282,123.00 -268,574.00 -260,588.00 -253,803.00 -242,723.00 -232,550.00 -230,132.00 -204,989.00 -193,219.00 -192,165.00 -181,189.00 -176,655.00 -163,301.00 -167,724.00 -196,668.00 -193,317.00 -153,561.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 150.00 149.00 86.00 71.00 223.00 170.00 140.00 199.00 89.00 174.00 221.00 203.00 80.00 86.00 233.00 233.00 201.00 288.00 349.00 325.00
   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 6,178.00 6,179.00 0 0 0 4,983.00 8,966.00 19,033.00 23,586.00 18,346.00 18,189.00 13,141.00 0 21.00
Debt 15,231.00 14,331.00 26,005.00 25,812.00 35,424.00 54,817.00 43,982.00 43,424.00 38,203.00 37,860.00 38,914.00 52,455.00 28,224.00 28,325.00 27,401.00 24,161.00 28,110.00 14,425.00 4,118.00 10,247.00
Net Debt 7,331.00 7,031.00 16,205.00 13,612.00 20,824.00 33,117.00 16,082.00 8,424.00 0 0 20,514.00 29,155.00 11,991.00 2,039.00 0 0 0 0 0 0
Common Shares Outstanding 10,219.95 9,462.07 8,667.77 8,089.56 6,857.17 6,433.63 128,433.72 128,422.85 128,411.98 128,401.11 77,987.35 74,759.59 63,541.98 63,421.91 63,246.54 62,312.10 62,177.02 60,681.59 59,574.38 59,526.17
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 123.00 108.00 81.00 -146.00 251.00 164.00 73.00 -313.00 484.00 376.00 107.00 139.00 239.00 65.00 30.00 -428.00 524.00 414.00 213.00
Cost Of Revenue 20.00 20.00 20.00 -32.00 52.00 34.00 16.00 -38.00 83.00 71.00 5.00 26.00 0 0 0 0 812.00 798.00 0
Gross Profit 103.00 88.00 61.00 -114.00 199.00 130.00 57.00 -275.00 401.00 305.00 102.00 447.00 0 0 0 0 -288.00 -384.00 0
Operating Expenses 31,279.00 19,968.00 8,213.00 15,779.00 24,637.00 16,753.00 9,289.00 -84,555.00 61,621.00 42,441.00 21,566.00 19,928.00 36,975.00 26,996.00 13,366.00 -83,315.00 71,552.00 50,556.00 11,908.00
   Selling, General and Administrative Expenses 7,583.00 5,233.00 2,656.00 -6,994.00 10,147.00 6,734.00 3,420.00 -7,413.00 11,029.00 7,363.00 3,439.00 -9,907.00 12,807.00 9,250.00 4,786.00 -12,473.00 16,739.00 12,339.00 5,391.00
   Research and Development Expenses 22,159.00 14,537.00 7,342.00 -7,661.00 17,790.00 12,019.00 6,169.00 -14,832.00 20,282.00 14,110.00 7,395.00 -18,555.00 24,149.00 17,746.00 8,580.00 -9,699.00 18,893.00 12,747.00 6,475.00
   Other Operating Expenses 1,537.00 198.00 -1,785.00 30,434.00 -3,300.00 -2,000.00 -300.00 -62,310.00 30,310.00 20,968.00 10,732.00 48,390.00 19.00 0.00 0.00 -61,143.00 35,920.00 25,470.00 42.00
Operating Income -31,176.00 -19,880.00 -8,152.00 -15,893.00 -24,438.00 -16,623.00 -9,232.00 84,280.00 -61,220.00 -42,136.00 -21,464.00 57,188.00 -73,472.00 -53,862.00 -26,672.00 233,414.00 -71,840.00 -50,940.00 -23,390.00
Net Non-Operating Income 14,229.00 11,710.00 7,401.00 31,289.00 -1,413.00 -1,242.00 -1,848.00 -45,770.00 21,889.00 5,223.00 9,694.00 -27,000.00 44,608.00 35,974.00 13,318.00 -146,127.00 57,464.00 7,689.00 -16,438.00
Interest Income 2,119.00 1,430.00 689.00 -4,131.00 4,303.00 3,154.00 1,603.00 -2,135.00 4,289.00 2,555.00 1,238.00 0 0 0 0 0 0 0 0
Interest Expense 1,936.00 1,287.00 608.00 -3,254.00 3,548.00 2,526.00 1,244.00 -2,036.00 3,358.00 2,170.00 1,066.00 -1,409.00 2,390.00 1,533.00 782.00 -258.00 0.00 577.00 551.00
Net Interest 183.00 143.00 81.00 -877.00 755.00 628.00 359.00 -99.00 931.00 385.00 172.00 -906.00 -2,390.00 0 0 0 0 0 0
EBT -16,947.00 -8,170.00 -751.00 15,396.00 -25,851.00 -17,865.00 -11,080.00 38,510.00 -39,331.00 -36,913.00 -11,770.00 30,188.00 -28,864.00 -17,888.00 -13,354.00 87,287.00 -14,376.00 -43,251.00 -39,828.00
Income Tax 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 -1.00 213.00 144.00 72.00
Net Income Including Non-Controlling Interests 0 0 0 0 0 0 0 0 0 0 0 0 -13,354.00 -13,354.00 -13,354.00 109,528.00 -39,756.00 -39,756.00 -39,756.00
Net Income Non-Controlling Interests 0 0 0 0 0 0 0 0 0 0 0 0 -15,510.00 -4,534.00 0.00 -22,242.00 25,593.00 -3,351.00 0.00
Net Income -16,947.00 -8,170.00 0 0 -25,851.00 -17,865.00 0 0 -39,331.00 -36,913.00 0 0 -28,864.00 -17,888.00 -13,354.00 87,286.00 -14,163.00 -43,107.00 -39,756.00
EBIT -15,011.00 -6,883.00 -143.00 12,142.00 -22,303.00 -15,339.00 -9,836.00 36,474.00 -35,973.00 -34,743.00 -10,704.00 28,779.00 -26,474.00 -16,355.00 -12,572.00 87,029.00 -14,376.00 -42,674.00 -39,277.00
Deprecation and Amortization 3,823.00 2,580.00 1,345.00 -294.00 2,874.00 1,917.00 962.00 -1,856.00 2,881.00 1,907.00 912.00 -30,954.00 2,145.00 1,446.00 29,790.00 2,133.00 734.00 499.00 444.00
EBITDA -11,188.00 -4,303.00 1,202.00 11,848.00 -19,429.00 -13,422.00 -8,874.00 34,618.00 -33,092.00 -32,836.00 -9,792.00 -2,175.00 -24,329.00 -14,909.00 17,218.00 89,162.00 -13,642.00 -42,175.00 -38,833.00
EPS -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 0.00 -0.00 0 0
Diluted EPS 0 0 0 0.00 0 0 0 0.00 0 0 0 0.00 -0.00 -0.00 0 0.00 -0.00 0 0
Average Shares Outstanding Basic 9,549.66 9,176.06 8,824.67 -113,500.71 6,467.77 6,422.24 128,427.23 165,600.99 97,026.96 81,077.66 76,049.66 134,488.49 63,234.76 63,095.40 0 20,435.90 61,307.70 0 0
Average Shares Outstanding Diluted 0 0 0 0.00 0 0 0 0.00 0 0 0 42,110.05 63,234.76 63,095.40 0 20,435.90 61,307.70 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
Operating Cash Flow -13,747.00 -9,755.00 -5,011.00 15,655.00 -16,461.00 -13,438.00 -7,082.00 18,285.00 -22,999.00 -16,239.00 -9,218.00 28,182.00 -31,295.00 -22,814.00 -13,084.00 17,268.00 -25,018.00 -17,713.00 -9,161.00
   Operating Net Income -16,947.00 -8,170.00 -1,502.00 -12,924.00 -25,851.00 -17,865.00 -22,160.00 776.00 -39,331.00 -36,913.00 -23,540.00 270.00 -28,864.00 -17,888.00 -13,354.00 87,286.00 -14,163.00 -43,107.00 -39,756.00
   Deprecation and Amortization 3,823.00 2,580.00 1,345.00 -294.00 2,874.00 1,917.00 962.00 -1,856.00 2,881.00 1,907.00 912.00 -30,954.00 2,145.00 1,446.00 29,790.00 2,133.00 734.00 499.00 444.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -282.00 0 0 0
   Share Based Compensation 5,017.00 3,314.00 1,947.00 -4,176.00 6,152.00 3,964.00 2,013.00 -4,850.00 7,070.00 4,674.00 2,223.00 -4,559.00 6,484.00 4,386.00 2,202.00 -8,346.00 9,945.00 7,520.00 3,265.00
   Change in Working Capital -2,688.00 -2,360.00 -1,662.00 -4,663.00 3,840.00 3,819.00 515.00 3,446.00 -3,753.00 -3,966.00 26.00 -117.00 -663.00 1,250.00 1,160.00 -2,935.00 2,135.00 2,137.00 1,828.00
   Other Operating Activities -2,952.00 -5,119.00 -5,139.00 37,712.00 -3,476.00 -5,273.00 11,588.00 20,769.00 10,134.00 18,059.00 11,161.00 63,542.00 -10,397.00 -12,008.00 -32,882.00 -60,588.00 -23,669.00 15,238.00 25,058.00
Investing Cash Flow -11.00 0 0 -6,392.00 6,318.00 6,319.00 71.00 -15,695.00 4,713.00 4,761.00 4,722.00 47,661.00 -12,446.00 -20,857.00 -24,522.00 -48.00 -661.00 -420.00 -203.00
   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 11.00 0 0 -23.00 14.00 13.00 11.00 -474.00 287.00 239.00 278.00 -1,059.00 3,478.00 1,824.00 936.00 48.00 661.00 420.00 203.00
   Net Purchase/Sale of Investments Net 0 0 0 -31,085.00 18,668.00 18,668.00 12,418.00 -3,831.00 5,000.00 5,000.00 5,000.00 -49,604.00 40,196.00 30,065.00 23,586.00 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -22.00 0 0 24,716.00 -12,364.00 -12,362.00 -12,358.00 -11,390.00 -574.00 -478.00 -556.00 98,324.00 -56,120.00 -52,746.00 -49,044.00 -96.00 -1,322.00 -840.00 -406.00
Financing Cash Flow 9,448.00 4,806.00 2,673.00 2,538.00 -4,057.00 9.00 -19.00 -47,024.00 42,181.00 42,418.00 4,588.00 15,356.00 875.00 783.00 235.00 -20,020.00 27,130.00 21,898.00 -1,896.00
   Net Issuance/Repayment of Debt 295.00 171.00 0 10,747.00 10,027.00 27.00 19.00 -756.00 413.00 396.00 378.00 4,244.00 795.00 759.00 32.00 -16,999.00 20,122.00 16,989.00 45.00
   Net Issuance/Repurchase of Equity 16,643.00 10,077.00 5,373.00 -36.00 124.00 36.00 0 0 4,500.00 0 8,766.00 11,503.00 516.00 284.00 267.00 -9,391.00 9,687.00 9,358.00 50.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -7,490.00 -5,442.00 -2,700.00 -8,173.00 -14,208.00 -54.00 -38.00 -33,002.00 37,268.00 42,022.00 -4,556.00 -391.00 -436.00 -260.00 -64.00 6,370.00 -2,679.00 -4,449.00 -1,991.00
Net Change in Cash -4,230.00 -4,870.00 -2,323.00 11,738.00 -14,176.00 -7,139.00 -7,089.00 -44,313.00 23,781.00 30,911.00 110.00 91,458.00 -43,021.00 -43,035.00 -37,358.00 -2,762.00 1,335.00 3,732.00 -11,234.00
   Cash at Beginning of Period 12,213.00 12,213.00 12,213.00 475.00 28,879.00 28,879.00 28,879.00 73,192.00 18,390.00 18,390.00 18,390.00 -73,068.00 50,346.00 50,346.00 50,346.00 53,108.00 59,275.00 0 0
   Cash at End of Period 7,983.00 7,343.00 9,890.00 12,213.00 14,703.00 21,740.00 21,790.00 28,879.00 42,171.00 49,301.00 18,500.00 18,390.00 7,325.00 7,311.00 12,988.00 50,346.00 60,610.00 0 0
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0