Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31
Price to Earnings -5.85 -9.38 -1.00
Price to Sales 24.57 12.55
Book Value Per Common Share 2.37 2.47 -6.48
Price to Book 2.42 3.00 -0.73
Price to Operating Cash Flow -8.49 -6.73 -1.70
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
Price to Earnings -6.13 -7.19 -14.70 -8.06 -11.22 -28.34 -4.09 -6.90 -14.19
Price to Sales 23.92 228.17 420.13 27.00 25.05 1127.27
Book Value Per Common Share 1.63 1.69 2.00 2.37 2.10 2.32 2.22 2.47 1.01 1.33 1.62 -6.48
Price to Book 3.50 3.40 3.24 2.42 3.07 2.62 4.48 3.00 3.79 3.06 2.45 -0.73
Price to Operating Cash Flow -9.80 -11.18 -38.24 -12.17 -36.82 66.85 -4.24 -5.95 -10.00
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31
Earning YoY
Revenue YoY -40.79
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
Earning YoY
Revenue YoY 845.61 63.45 0.00 2700.51 -97.89
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31
Cash Per Common Share 2.52 3.21 2.29
Quick Ratio 10.21
Current Ratio 11.59 8.15 1.88
Debt to Equity 0.12 0.16 -2.00
Long-Term Debt to Equity 0.02 0.02 -1.54
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
Cash Per Common Share 1.68 1.78 2.13 2.29 2.09 2.49 2.49 2.26 1.10 1.33 1.68 2.29
Quick Ratio 10.21
Current Ratio 8.73 7.43 8.84 11.59 15.31 10.43 8.64 8.15 6.54 11.78 13.69 1.88
Debt to Equity 0.17 0.18 0.15 0.12 0.11 0.13 0.15 0.16 0.18 0.09 0.08 -2.00
Long-Term Debt to Equity 0.04 0.02 0.02 0.02 0.04 0.02 0.02 0.02 0.00 0.00 0.00 -1.54

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31
ROA -33.56 -19.36 -145.85
ROE -37.60 -22.42 145.88
Gross Margin
Operating Margin -438.96 -121.02
EBITDA Margin -438.19 -120.57
Net Profit Margin -418.70 -133.08
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
ROA -48.43 -40.06 -19.03 -33.66 -19.89 -13.51 -77.79 -40.31 -15.71
ROE -56.87 -47.34 -21.90 -37.38 -22.53 -15.60 -91.72 -44.02 -16.94
Gross Margin
Operating Margin -3179.53 -2833.35
EBITDA Margin -3176.29 -2830.70
Net Profit Margin -389.33 -3179.53 -2833.35 -336.84 -223.63 -3982.96

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31
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
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31
Assets 44,347.02 41,262.27 8,395.57
   Current Assets 44,308.43 41,196.32 7,184.97
      Cash and Short-Term Investments 38,339.76 32,626.77 5,933.70
            Cash and Cash Equivalents 38,339.76 32,626.77 5,933.70
            Short-Term Investments 0 0 0
      Net Receivables 700.00 0 0
      Inventory 0 0 0
      Other Current Assets 5,268.67 8,569.56 1,251.26
   Non-Current Assets 38.59 65.95 1,210.60
      Property, Plant, Equipment Net 38.59 65.95 93.31
      Goodwill 0 0 0
      Intangible Assets 0 0 0
      Long-Term Investments 0 0 0
      Non-Current Deferred Assets 250.36 121.39 0
      Other Non-Current Assets -250.36 -121.39 1,117.29
Liabilities 4,769.92 5,626.66 16,789.11
   Current Liabilities 3,824.47 5,051.98 3,823.63
      Payables and Expenses 2,976.19 4,128.87 3,823.63
            Account Payables 1,588.13 1,155.66 1,815.27
            Current Accrued Liabilities 1,388.06 2,973.22 2,008.36
      Short-Term Debt 0 0 0
      Other Current Liabilities 848.29 923.11 0.00
   Non-Current Liabilities 945.45 574.68 12,965.48
      Long-Term Debt 0 0 12,965.48
      Other Non-Current Liabilities 0 0 0.00
Equity 39,577.10 35,635.61 -8,393.55
   Shareholders Equity 39,577.10 35,635.61 -16,787.09
      Capital Stock 1.67 1.44 8,793.90
      Share Premium 80,312.59 61,501.80 681.11
      Retained Earnings -40,737.17 -25,856.38 -17,868.55
      Treasury Shares 0 0 0
      Accumulated Other Comprehensive Income 0 0 0
   Minority Interest 0 0 0
Debt 0 0 12,965.48
Net Debt 0 0 7,031.78
Common Shares Outstanding 16,707.44 14,405.33 2,590.16
Preferred Shares Outstanding 0 0 7,500.71
Breakdown 2024-12-31 2023-12-31 2022-12-31
Revenues 3,554.06 6,002.21 0
Operating Expenses 20,803.77 13,905.56 9,811.94
   Selling, General and Administrative Expenses 8,885.76 7,833.48 4,847.08
   Research and Development Expenses 11,865.65 5,501.53 4,412.50
   Other Operating Expenses 52.36 570.55 552.36
Operating Income -17,249.71 -7,903.35 -9,811.94
Net Non-Operating Income 1,648.64 639.37 0
Interest Expense 0.00 0.00 0.00
EBT -15,601.07 -7,263.98 0
Income Tax 720.29 723.85 0.00
Net Income -14,880.79 -7,987.84 -12,244.78
EBIT -15,601.07 -7,263.98 0
Deprecation and Amortization 27.36 27.36 27.36
EBITDA -15,573.71 -7,236.62 0
EPS -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00
Average Shares Outstanding Basic 15,238.92 10,163.85 2,590.17
Average Shares Outstanding Diluted 15,238.92 10,163.85 2,590.17
Breakdown 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow -10,288.82 -11,188.81 -7,239.35
   Operating Net Income -14,880.79 -7,987.84 -12,244.78
   Deprecation and Amortization 27.36 27.36 27.36
   Deferred Income Tax 0 0 0
   Share Based Compensation 2,663.54 872.25 207.35
   Change in Working Capital 4,174.28 2,492.82 2,591.84
   Other Operating Activities -2,273.22 -6,593.40 2,178.87
Investing Cash Flow -25.00 -543.19 -525.00
   Capital Expenditure 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0
   Net Purchase/Sale of Business 0 0 0
   Other Investing Activities -25.00 -543.19 -525.00
Financing Cash Flow 16,026.82 38,425.06 9,357.88
   Net Issuance/Repayment of Debt 0 0 10,468.97
   Net Issuance/Repurchase of Equity 16,147.48 27,340.26 0.16
   Dividends Paid 0 0 0
   Other Financing Activities -120.67 11,084.81 -1,111.25
Net Change in Cash 5,712.99 26,693.07 1,593.52
   Cash at Beginning of Period 32,626.77 5,933.70 4,340.18
   Cash at End of Period 38,339.76 32,626.77 5,933.70
Free Cash Flow 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
Assets 32,042.88 33,452.56 38,405.00 44,347.02 35,551.83 39,938.61 37,393.47 41,262.27 11,895.43 14,469.24 17,418.73 8,395.57
   Current Assets 32,024.81 33,427.65 38,373.25 44,308.43 35,506.40 39,886.35 37,334.36 41,196.32 11,822.64 14,389.60 17,332.26 7,184.97
      Cash and Short-Term Investments 28,129.87 29,757.33 35,530.62 38,339.76 31,057.40 36,575.09 35,989.41 32,626.77 10,886.28 13,102.39 16,320.29 5,933.70
            Cash and Cash Equivalents 28,129.87 29,757.33 35,530.62 38,339.76 31,057.40 36,575.09 35,989.41 32,626.77 10,886.28 13,102.39 16,320.29 5,933.70
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 0 0 0 700.00 0 0 0 0 0 0 0 0
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 3,894.94 3,670.32 2,842.62 5,268.67 4,449.01 3,311.26 1,344.95 8,569.56 936.35 1,287.21 1,011.97 1,251.26
   Non-Current Assets 18.07 24.91 31.75 38.59 45.43 52.27 59.11 65.95 72.79 79.63 86.47 1,210.60
      Property, Plant, Equipment Net 18.07 24.91 31.75 38.59 45.43 52.27 59.11 65.95 72.79 79.63 86.47 93.31
      Goodwill 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
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 250.36 0 0 0 121.39 0 0 0 0
      Other Non-Current Assets 0.00 0.00 0.00 -250.36 0.00 0.00 0.00 -121.39 0.00 0.00 0.00 1,117.29
Liabilities 4,758.39 5,142.26 5,035.44 4,769.92 3,541.64 4,682.02 5,000.43 5,626.66 1,806.62 1,221.21 1,266.44 16,789.11
   Current Liabilities 3,667.12 4,501.10 4,341.00 3,824.47 2,319.05 3,825.36 4,319.14 5,051.98 1,806.62 1,221.21 1,266.44 3,823.63
      Payables and Expenses 2,750.41 3,770.03 3,499.59 2,976.19 1,745.96 2,886.33 3,629.47 4,128.87 1,806.62 1,221.21 1,266.44 3,823.63
            Account Payables 1,111.70 931.34 1,690.01 1,588.13 336.72 1,883.08 1,587.94 1,155.66 633.95 237.58 541.75 1,815.27
            Current Accrued Liabilities 1,638.71 2,838.68 1,809.58 1,388.06 1,409.23 1,003.25 2,041.53 2,973.22 1,172.67 983.63 724.69 2,008.36
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 916.71 731.08 841.41 848.29 573.09 939.03 689.67 923.11 0.00 0.00 0.00 0.00
   Non-Current Liabilities 1,091.27 641.16 694.43 945.45 1,222.60 856.65 681.29 574.68 0.00 0.00 0.00 12,965.48
      Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 12,965.48
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0.00
Equity 27,284.49 28,310.29 33,369.56 39,577.10 32,010.19 35,256.60 32,393.04 35,635.61 10,088.80 13,248.02 16,152.29 -8,393.55
   Shareholders Equity 27,284.49 28,310.29 33,369.56 39,577.10 32,010.19 35,256.60 32,393.04 35,635.61 10,088.80 13,248.02 16,152.29 -16,787.09
      Capital Stock 1.68 1.67 1.67 1.67 1.52 1.52 1.46 1.44 1.00 1.00 1.00 8,793.90
      Share Premium 83,537.55 82,447.52 81,411.81 80,312.59 69,830.06 69,055.05 63,449.12 61,501.80 37,210.16 36,947.41 36,756.30 681.11
      Retained Earnings -56,254.74 -54,138.90 -48,043.93 -40,737.17 -37,821.39 -33,799.98 -30,908.30 -25,856.38 -27,122.36 -23,700.38 -20,605.01 -17,868.55
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 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
Debt 0 0 0 0 0 0 0 0 0 0 0 12,965.48
Net Debt 0 0 0 0 0 0 0 0 0 0 0 7,031.78
Common Shares Outstanding 16,742.64 16,725.00 16,725.00 16,707.44 15,221.31 15,221.31 14,613.17 14,405.33 9,947.92 9,947.92 9,947.92 2,590.16
Preferred Shares Outstanding 0 0 0 0 0 0 0 0 0 0 0 7,500.71
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
Revenues 3,985.75 421.50 257.88 -3,676.99 3,552.11 3,552.11 126.84 6,002.21 0 0 0
Operating Expenses 20,510.09 14,512.94 7,934.81 -13,798.83 16,721.53 12,271.24 5,609.84 -4,867.49 9,718.50 6,154.44 2,900.10
   Selling, General and Administrative Expenses 8,179.52 5,622.08 2,713.89 -4,830.12 6,747.79 4,528.24 2,439.84 -2,775.25 5,456.09 3,491.10 1,661.54
   Research and Development Expenses 11,794.05 8,877.18 5,214.08 -8,905.03 9,928.21 7,704.31 3,138.16 -1,921.74 3,891.90 2,299.66 1,231.71
   Other Operating Expenses 536.52 13.68 6.84 -63.68 45.52 38.68 31.84 -170.49 370.52 363.68 6.84
Operating Income -16,524.34 -14,091.44 -7,676.92 10,121.83 -13,169.42 -8,719.13 -5,483.00 10,869.69 -9,718.50 -6,154.44 -2,900.10
Net Non-Operating Income 0 689.71 370.17 1,648.64 0 0 0 639.37 0 0 0
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBT 0 -13,401.73 -7,306.76 -15,601.07 0 0 0 -7,263.98 0 0 0
Income Tax 0.00 0.00 0.00 720.29 0.00 0.00 0.00 723.85 0.00 0.00 0.00
Net Income -15,517.57 -13,401.73 -7,306.76 10,079.73 -11,965.01 -7,943.59 -5,051.91 9,834.27 -9,253.81 -5,831.84 -2,736.46
EBIT 0 -13,401.73 -7,306.76 -15,601.07 0 0 0 -7,263.98 0 0 0
Deprecation and Amortization 20.52 13.68 6.84 -13.68 20.52 13.68 6.84 -13.68 20.52 13.68 6.84
EBITDA 0 -13,388.05 -7,299.92 -15,573.71 0 0 0 -7,236.62 0 0 0
EPS -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 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 16,726.11 16,722.77 16,720.51 16,945.22 14,866.09 14,686.53 14,457.84 11,224.66 9,873.39 9,835.50 9,721.85
Average Shares Outstanding Diluted 16,726.11 16,722.77 16,720.51 16,945.22 14,866.09 14,686.53 14,457.84 11,224.66 9,873.39 9,835.50 9,721.85
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
Operating Cash Flow -9,732.17 -8,601.57 -2,828.28 -2,137.95 -7,879.06 -2,417.69 2,145.87 8,354.27 -8,947.73 -6,731.62 -3,863.72
   Operating Net Income -15,517.57 -13,401.73 -7,306.76 10,079.73 -11,965.01 -7,943.59 -5,051.91 9,834.27 -9,253.81 -5,831.84 -2,736.46
   Deprecation and Amortization 20.52 13.68 6.84 -13.68 20.52 13.68 6.84 -13.68 20.52 13.68 6.84
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 3,186.69 2,115.80 1,080.08 -743.10 1,872.99 1,097.98 435.66 -313.88 634.25 371.50 180.39
   Change in Working Capital -2,085.26 -1,926.01 -2,860.52 1,594.22 1,426.34 1,372.64 -218.92 7,177.47 -1,328.51 -1,563.06 -1,793.08
   Other Operating Activities 4,663.44 4,596.69 6,252.08 -13,055.12 766.10 3,041.60 6,974.20 -8,329.91 979.82 278.10 478.59
Investing Cash Flow -516.00 0 0 50.00 -25.00 -25.00 -25.00 156.81 -350.00 -350.00 0
   Capital Expenditure 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 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -516.00 0 0 50.00 -25.00 -25.00 -25.00 156.81 -350.00 -350.00 0
Financing Cash Flow 38.27 19.14 19.14 2,059.36 6,334.68 6,391.01 1,241.76 -4,325.87 14,250.31 14,250.31 14,250.31
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 38.27 19.14 19.14 1,818.02 6,455.35 6,511.68 1,362.43 -28,441.31 14,250.31 14,250.31 27,280.95
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities 0.00 0.00 0.00 241.34 -120.67 -120.67 -120.67 24,115.44 0.00 0.00 -13,030.64
Net Change in Cash -10,209.90 -8,582.43 -2,809.14 -28.59 -1,569.37 3,948.32 3,362.64 4,185.21 4,952.58 7,168.69 10,386.59
   Cash at Beginning of Period 38,339.76 38,339.76 38,339.76 38,368.35 32,626.77 32,626.77 32,626.77 28,441.56 5,933.70 5,933.70 5,933.70
   Cash at End of Period 28,129.87 29,757.33 35,530.62 38,339.76 31,057.40 36,575.09 35,989.41 32,626.77 10,886.28 13,102.39 16,320.29
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0