Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -4.57 -1.59 -1.57 -8.23
Price to Sales 303.50 135.78 157.30 653.26 1799.00
Book Value Per Common Share 1.25 1.56 2.38 3.35 3.48
Price to Book 3.48 0.95 0.59 1.80 5.16
Price to Operating Cash Flow -5.49 -2.14 -1.80 -10.18 -40.55
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 -3.55 -7.68 -15.70 -3.61 -4.53 -24.27 -1.93 -2.94 -6.60 -2.23 -4.40 -9.92 -13.59 -21.45
Price to Sales 388.68 900.00 1962.50 228.21 270.73 1160.87 187.84 341.86 868.42 256.67 578.95 1458.82 1128.81 1797.30 4873.68
Book Value Per Common Share 0.73 0.88 1.07 1.25 1.01 1.15 1.36 1.56 1.74 1.94 2.16 2.38 2.61 2.78 3.00 3.35 3.38 3.51 3.32 3.48
Price to Book 2.83 3.58 2.95 3.48 2.63 1.93 3.92 0.95 0.80 0.76 0.76 0.59 0.59 0.79 0.83 1.80 1.97 1.89 2.79 5.16
Price to Operating Cash Flow -4.30 -9.92 -16.33 -4.43 -5.85 -30.83 -2.62 -4.16 -8.51 -2.73 -5.62 -10.46 -16.38 -24.79 -59.09
Price to Free Cash Flow
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 39.96 26.42 7.52 -1.91
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 52.17 111.01 44.57 79.51 73.82 130.12 56.36 122.97 61.43 94.44
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 1.92 1.67 2.42 3.61 3.56
Quick Ratio 6.89 7.19 13.58 21.55 21.46
Current Ratio 7.08 7.41 14.25 22.28 21.79
Debt to Equity 0.17 0.17 0.09 0.07 0.05
Long-Term Debt to Equity 0.01 0.02 0.02 0.02 0.00
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 2020-12-31
Cash Per Common Share 0.91 1.07 1.20 1.38 1.27 1.35 1.50 1.67 1.82 2.00 2.17 2.36 2.64 2.82 2.99 3.36 3.48 3.69 3.34 3.56
Quick Ratio 4.14 4.29 6.04 6.89 4.66 4.85 5.71 7.19 9.05 9.82 11.99 13.58 13.94 14.45 19.48 21.55 26.66 30.66 28.10 21.46
Current Ratio 4.20 4.42 6.22 7.08 4.74 4.97 5.91 7.41 9.30 10.16 12.49 14.25 14.52 15.02 20.38 22.28 27.32 31.20 28.71 21.79
Debt to Equity 0.31 0.29 0.20 0.17 0.27 0.26 0.22 0.17 0.14 0.13 0.10 0.09 0.09 0.09 0.07 0.07 0.06 0.03 0.04 0.05
Long-Term Debt to Equity 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.00 0.00 0.00

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -46.74 -50.76 -33.31 -18.92 -14.33
ROE -54.77 -59.42 -36.40 -20.15 -15.06
Gross Margin
Operating Margin -6651.68 -8492.01 -10026.94 -7880.50
EBITDA Margin -6504.98 -8221.72 -9924.35 -7558.50
Net Profit Margin -6651.68 -8492.01 -10026.94 -7880.50 -5275.15
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 -60.58 -36.15 -15.84 -53.49 -32.99 -13.52 -36.30 -22.96 -10.53 -24.27 -16.33 -7.90 -13.34 -8.30 -4.00
ROE -79.19 -46.71 -18.95 -68.12 -41.59 -16.44 -41.25 -25.84 -11.63 -26.51 -17.79 -8.45 -14.11 -8.59 -4.15
Gross Margin
Operating Margin -11038.57 -11903.04 -12324.77 -6324.06 -5920.92 -4883.41 -9669.88 -11713.61 -13521.69 -11630.62 -12991.52 -14855.41
EBITDA Margin -10646.86 -11513.91 -11989.91 -6183.46 -5787.77 -4757.56 -9365.36 -11403.14 -13216.87 -11428.29 -12695.76 -14429.73
Net Profit Margin -11038.57 -11903.04 -12324.77 -6324.06 -5920.92 -4883.41 -9669.88 -11713.61 -13521.69 -11630.62 -12991.52 -14855.41 -8340.27 -8525.71 -7193.06

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 97,190.00 81,637.00 116,191.00 149,544.00 134,727.39
   Current Assets 95,054.00 77,412.00 111,284.00 146,127.00 133,356.46
      Cash and Short-Term Investments 91,700.00 74,800.00 105,300.00 140,800.00 130,980.68
            Cash and Cash Equivalents 51,470.00 21,655.00 16,347.00 11,943.00 130,980.68
            Short-Term Investments 40,276.00 53,168.00 88,920.00 128,878.00 0
      Net Receivables 773.00 288.00 771.00 535.00 320.46
      Inventory 0 0 0 0 0
      Other Current Assets 2,581.00 2,324.00 5,213.00 4,792.00 2,055.32
   Non-Current Assets 2,136.00 4,225.00 4,907.00 3,417.00 1,370.93
      Property, Plant, Equipment Net 2,067.00 2,946.00 3,520.00 3,178.00 966.70
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 6,271.00 26,859.00 4,996.00 33,294.00 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets -6,202.00 -25,580.00 -3,609.00 -33,055.00 404.23
Liabilities 14,241.00 11,898.00 9,848.00 9,127.00 6,569.51
   Current Liabilities 13,428.00 10,440.00 7,808.00 6,559.00 6,118.98
      Payables and Expenses 12,718.00 9,749.00 7,533.00 5,966.00 5,216.77
            Account Payables 4,821.00 1,966.00 1,956.00 1,439.00 1,366.01
            Current Accrued Liabilities 7,897.00 7,783.00 5,577.00 4,527.00 3,850.76
      Short-Term Debt 710.00 691.00 675.00 551.00 860.21
      Other Current Liabilities 0.00 0.00 -400.00 42.00 42.00
   Non-Current Liabilities 813.00 1,458.00 2,040.00 2,568.00 450.53
      Long-Term Debt 813.00 1,458.00 2,040.00 2,568.00 9.29
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00 441.24
Equity 82,949.00 69,739.00 106,343.00 140,417.00 128,157.88
   Shareholders Equity 82,949.00 69,739.00 106,343.00 140,417.00 128,157.88
      Capital Stock 7.00 4.00 4.00 5.00 4.39
      Share Premium 467,087.00 409,343.00 404,834.00 400,503.00 361,820.03
      Retained Earnings -384,179.00 -339,541.00 -297,700.00 -259,810.00 -231,495.28
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 34.00 -67.00 -395.00 -142.00 0
   Minority Interest 0 0 0 0 0
Investments 40,276.00 53,168.00 88,920.00 128,878.00 0
Debt 1,523.00 2,149.00 2,715.00 3,119.00 869.50
Common Shares Outstanding 66,524.00 44,677.00 44,677.00 41,964.00 36,780.81
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 683.00 488.00 386.00 359.00 365.99
Operating Expenses 49,334.00 45,900.00 40,288.00 29,214.00 19,451.87
   Selling, General and Administrative Expenses 12,482.00 13,043.00 13,181.00 11,838.00 8,216.47
   Research and Development Expenses 36,852.00 32,857.00 27,107.00 17,376.00 11,235.40
   Other Operating Expenses 0.00 0.00 0.00 0.00 0.00
Operating Income -48,651.00 -45,412.00 -39,902.00 -28,855.00 -19,085.87
Net Non-Operating Income 3,220.00 3,971.00 1,198.00 564.00 0
Interest Income 0 0 0 0 91.33
Interest Expense 0.00 0.00 0.00 0.00 1.52
Net Interest 3,259.00 4,069.00 1,581.00 264.00 89.81
EBT -45,431.00 -41,441.00 -38,704.00 -28,291.00 0
Income Tax 0.00 0.00 0.00 0.00 0.00
Net Income -45,431.00 -41,441.00 -38,704.00 -28,291.00 -19,306.67
EBIT -45,431.00 -41,441.00 -38,704.00 -28,291.00 0
Deprecation and Amortization 1,002.00 1,319.00 396.00 1,156.00 466.01
EBITDA -44,429.00 -40,122.00 -38,308.00 -27,135.00 0
EPS -0.00 -0.00 -0.00 -0.00 0
Diluted EPS -0.00 -0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 47,650.00 44,677.00 43,600.00 39,030.00 0
Average Shares Outstanding Diluted 47,650.00 44,677.00 43,600.00 39,030.00 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -37,693.00 -30,887.00 -33,820.00 -23,040.00 -16,314.96
   Operating Net Income -45,431.00 -41,441.00 -38,704.00 -28,291.00 -19,306.67
   Deprecation and Amortization 1,002.00 1,319.00 -396.00 -1,156.00 466.01
   Deferred Income Tax -9,263.00 -9,089.00 23,956.00 -6,082.00 -4,135.00
   Share Based Compensation 4,760.00 4,509.00 4,256.00 3,234.00 1,764.80
   Change in Working Capital 2,085.00 -1,495.00 2,729.00 1,900.00 2,810.06
   Other Operating Activities 9,154.00 15,310.00 -25,661.00 7,355.00 2,085.84
Investing Cash Flow 13,728.00 36,195.00 38,149.00 -131,448.00 -211.88
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 80.00 582.00 1,006.00 205.00 211.88
   Net Purchase/Sale of Investments Net 60,934.00 176,945.00 221,507.00 217,527.00 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -47,286.00 -141,332.00 -184,364.00 -349,180.00 -423.76
Financing Cash Flow 53,780.00 0 75.00 35,450.00 137,312.23
   Net Issuance/Repayment of Debt 0 0 0 0 305.00
   Net Issuance/Repurchase of Equity 107,180.00 0 75.00 35,450.00 137,319.73
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -53,400.00 0 0.00 0.00 -312.50
Net Change in Cash 29,815.00 5,308.00 4,404.00 -119,038.00 120,785.39
   Cash at Beginning of Period 21,655.00 16,347.00 11,943.00 130,981.00 10,195.29
   Cash at End of Period 51,470.00 21,655.00 16,347.00 11,943.00 130,980.68
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 63,780.00 75,739.00 84,807.00 97,190.00 62,896.00 66,051.00 74,038.00 81,637.00 88,452.00 97,455.00 106,549.00 116,191.00 123,631.00 131,261.00 139,204.00 149,544.00 141,312.00 143,734.00 129,573.00 134,727.39
   Current Assets 61,801.00 73,696.00 82,711.00 95,054.00 59,332.00 62,246.00 69,990.00 77,412.00 83,905.00 92,731.00 101,753.00 111,284.00 119,755.00 127,414.00 135,806.00 146,127.00 137,769.00 142,871.00 128,570.00 133,356.46
      Cash and Short-Term Investments 60,600.00 71,000.00 79,900.00 91,700.00 57,700.00 60,300.00 67,200.00 74,800.00 81,400.00 89,400.00 97,000.00 105,300.00 114,300.00 122,000.00 129,400.00 140,800.00 134,000.00 140,100.00 125,600.00 130,980.68
            Cash and Cash Equivalents 10,135.00 10,784.00 24,095.00 51,470.00 13,038.00 25,501.00 18,658.00 21,655.00 15,233.00 19,369.00 15,017.00 16,347.00 18,717.00 20,965.00 20,052.00 11,943.00 13,165.00 10,581.00 14,662.00 130,980.68
            Short-Term Investments 50,456.00 60,173.00 55,792.00 40,276.00 44,629.00 34,818.00 48,529.00 53,168.00 66,130.00 70,059.00 81,951.00 88,920.00 95,586.00 101,041.00 109,310.00 128,878.00 120,882.00 129,470.00 110,922.00 0
      Net Receivables 254.00 526.00 405.00 773.00 618.00 451.00 393.00 288.00 198.00 161.00 676.00 771.00 650.00 551.00 447.00 535.00 395.00 308.00 242.00 320.46
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 947.00 2,170.00 2,406.00 2,581.00 1,014.00 1,495.00 2,397.00 2,324.00 2,307.00 3,170.00 4,077.00 5,213.00 4,805.00 4,863.00 5,959.00 4,792.00 3,374.00 2,463.00 2,728.00 2,055.32
   Non-Current Assets 1,979.00 2,043.00 2,096.00 2,136.00 3,564.00 3,805.00 4,048.00 4,225.00 4,547.00 4,724.00 4,796.00 4,907.00 3,876.00 3,847.00 3,398.00 3,417.00 3,543.00 863.00 1,003.00 1,370.93
      Property, Plant, Equipment Net 1,430.00 1,642.00 1,839.00 2,067.00 2,297.00 2,534.00 2,773.00 2,946.00 3,160.00 3,334.00 3,435.00 3,520.00 3,692.00 3,662.00 3,210.00 3,178.00 3,400.00 600.00 765.00 966.70
      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 8,744.00 9,792.00 12,714.00 6,271.00 8,844.00 1,695.00 5,834.00 26,859.00 28,424.00 28,760.00 31,431.00 4,996.00 7,087.00 6,318.00 14,900.00 33,294.00 0 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 -8,195.00 -9,391.00 -12,457.00 -6,202.00 -7,577.00 -424.00 -4,559.00 -25,580.00 -27,037.00 -27,370.00 -30,070.00 -3,609.00 -6,903.00 -6,133.00 -14,712.00 -33,055.00 143.00 263.00 238.00 404.23
Liabilities 14,990.00 17,133.00 13,931.00 14,241.00 13,504.00 13,663.00 13,144.00 11,898.00 10,625.00 10,876.00 10,046.00 9,848.00 10,419.00 10,787.00 9,102.00 9,127.00 7,768.00 4,816.00 4,756.00 6,569.51
   Current Liabilities 14,706.00 16,669.00 13,291.00 13,428.00 12,525.00 12,522.00 11,843.00 10,440.00 9,018.00 9,123.00 8,148.00 7,808.00 8,245.00 8,481.00 6,664.00 6,559.00 5,042.00 4,579.00 4,479.00 6,118.98
      Payables and Expenses 13,980.00 15,948.00 12,575.00 12,718.00 11,818.00 11,820.00 11,147.00 9,749.00 8,330.00 8,440.00 7,469.00 7,533.00 7,563.00 7,801.00 5,999.00 5,966.00 4,406.00 4,135.00 3,802.00 5,216.77
            Account Payables 2,441.00 6,010.00 3,629.00 4,821.00 4,643.00 5,108.00 5,191.00 1,966.00 2,179.00 2,939.00 2,914.00 1,956.00 1,425.00 1,522.00 1,261.00 1,439.00 396.00 543.00 803.00 1,366.01
            Current Accrued Liabilities 11,539.00 9,938.00 8,946.00 7,897.00 7,175.00 6,712.00 5,956.00 7,783.00 6,151.00 5,501.00 4,555.00 5,577.00 6,138.00 6,279.00 4,738.00 4,527.00 4,010.00 3,592.00 2,999.00 3,850.76
      Short-Term Debt 726.00 721.00 716.00 710.00 707.00 702.00 696.00 691.00 688.00 683.00 679.00 675.00 674.00 670.00 665.00 551.00 594.00 402.00 635.00 860.21
      Other Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -400.00 8.00 10.00 0.00 42.00 42.00 42.00 42.00 42.00
   Non-Current Liabilities 284.00 464.00 640.00 813.00 979.00 1,141.00 1,301.00 1,458.00 1,607.00 1,753.00 1,898.00 2,040.00 2,174.00 2,306.00 2,438.00 2,568.00 2,726.00 237.00 277.00 450.53
      Long-Term Debt 284.00 464.00 640.00 813.00 979.00 1,141.00 1,301.00 1,458.00 1,607.00 1,753.00 1,898.00 2,040.00 2,174.00 2,306.00 2,438.00 2,568.00 2,691.00 6.00 8.00 9.29
      Other Non-Current Liabilities 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 35.00 231.00 269.00 441.24
Equity 48,790.00 58,606.00 70,876.00 82,949.00 49,392.00 52,388.00 60,894.00 69,739.00 77,827.00 86,579.00 96,503.00 106,343.00 113,212.00 120,474.00 130,102.00 140,417.00 133,544.00 138,918.00 124,817.00 128,157.88
   Shareholders Equity 48,790.00 58,606.00 70,876.00 82,949.00 49,392.00 52,388.00 60,894.00 69,739.00 77,827.00 86,579.00 96,503.00 106,343.00 113,212.00 120,474.00 130,102.00 140,417.00 133,544.00 138,918.00 124,817.00 128,157.88
      Capital Stock 7.00 7.00 7.00 7.00 5.00 5.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 5.00 5.00 5.00 5.00 4.39
      Share Premium 471,547.00 470,138.00 468,455.00 467,087.00 421,697.00 413,017.00 409,781.00 409,343.00 408,434.00 407,479.00 405,898.00 404,834.00 403,822.00 402,710.00 401,655.00 400,503.00 384,551.00 383,611.00 363,350.00 361,820.03
      Retained Earnings -422,814.00 -411,556.00 -397,613.00 -384,179.00 -372,392.00 -360,537.00 -348,759.00 -339,541.00 -330,204.00 -320,473.00 -309,323.00 -297,700.00 -289,835.00 -281,258.00 -270,809.00 -259,810.00 -250,362.00 -243,443.00 -236,680.00 -231,495.28
      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 50.00 17.00 27.00 34.00 82.00 -97.00 -132.00 -67.00 -407.00 -431.00 -76.00 -395.00 -779.00 -982.00 -748.00 -142.00 16.00 -10.00 -67.00 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 50,456.00 60,173.00 55,792.00 40,276.00 44,629.00 34,818.00 48,529.00 53,168.00 66,130.00 70,059.00 81,951.00 88,920.00 95,586.00 101,041.00 109,310.00 128,878.00 120,882.00 129,470.00 110,922.00 0
Debt 1,010.00 1,185.00 1,356.00 1,523.00 1,686.00 1,843.00 1,997.00 2,149.00 2,295.00 2,436.00 2,577.00 2,715.00 2,848.00 2,976.00 3,103.00 3,119.00 3,285.00 408.00 643.00 869.50
Common Shares Outstanding 67,095.00 66,526.00 66,526.00 66,524.00 48,731.00 45,602.00 44,710.00 44,677.00 44,677.00 44,677.00 44,677.00 44,677.00 43,335.00 43,306.00 43,306.00 41,964.00 39,552.00 39,552.00 37,552.00 36,780.81
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 350.00 230.00 109.00 -422.00 532.00 368.00 205.00 -118.00 332.00 191.00 83.00 -111.00 258.00 165.00 74.00 -79.00 226.00 140.00 72.00
Operating Expenses 41,483.00 29,389.00 14,491.00 -22,261.00 36,611.00 23,846.00 11,138.00 -26,098.00 35,412.00 24,451.00 12,135.00 -23,310.00 30,768.00 21,682.00 11,148.00 -8,326.00 19,555.00 12,471.00 5,514.00
   Selling, General and Administrative Expenses 11,229.00 7,332.00 4,014.00 -6,464.00 9,471.00 6,345.00 3,130.00 -7,737.00 10,318.00 7,379.00 3,083.00 -7,888.00 10,103.00 7,026.00 3,940.00 -3,473.00 8,003.00 5,073.00 2,235.00
   Research and Development Expenses 30,254.00 22,057.00 10,477.00 -15,797.00 27,140.00 17,501.00 8,008.00 -18,361.00 25,094.00 17,072.00 9,052.00 -15,422.00 20,665.00 14,656.00 7,208.00 -4,853.00 11,552.00 7,398.00 3,279.00
   Other Operating Expenses 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
Operating Income -41,133.00 -29,159.00 -14,382.00 21,839.00 -36,079.00 -23,478.00 -10,933.00 25,980.00 -35,080.00 -24,260.00 -12,052.00 23,199.00 -30,510.00 -21,517.00 -11,074.00 8,247.00 -19,329.00 -12,331.00 -5,442.00
Net Non-Operating Income 2,498.00 1,782.00 948.00 -1,826.00 2,435.00 1,689.00 922.00 -1,721.00 2,976.00 1,887.00 829.00 533.00 503.00 81.00 81.00 564.00 0 0 0
Interest Income 0 0 0 0 0 0 926.00 0 3,061.00 1,993.00 940.00 0 841.00 383.00 130.00 0 185.00 115.00 57.00
Interest Expense 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 Interest 2,492.00 1,776.00 941.00 -944.00 2,472.00 1,731.00 0 4,069.00 0 0 0 1,581.00 0 0 0 264.00 0 0 0
EBT -38,635.00 -27,377.00 -13,434.00 20,013.00 -33,644.00 -21,789.00 -10,011.00 24,259.00 -32,104.00 -22,373.00 -11,223.00 23,732.00 -30,007.00 -21,436.00 -10,993.00 -28,291.00 0 0 0
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 0.00 0.00 0.00 0.00
Net Income -38,635.00 -27,377.00 -13,434.00 20,013.00 -33,644.00 -21,789.00 -10,011.00 24,259.00 -32,104.00 -22,373.00 -11,223.00 23,732.00 -30,007.00 -21,436.00 -10,993.00 7,673.00 -18,849.00 -11,936.00 -5,179.00
EBIT -38,635.00 -27,377.00 -13,434.00 20,013.00 -33,644.00 -21,789.00 -10,011.00 24,259.00 -32,104.00 -22,373.00 -11,223.00 23,732.00 -30,007.00 -21,436.00 -10,993.00 -28,291.00 0 0 0
Deprecation and Amortization 1,371.00 895.00 365.00 -494.00 748.00 490.00 258.00 -538.00 1,011.00 593.00 253.00 -929.00 522.00 488.00 315.00 -221.00 822.00 470.00 85.00
EBITDA -37,264.00 -26,482.00 -13,069.00 19,519.00 -32,896.00 -21,299.00 -9,753.00 23,721.00 -31,093.00 -21,780.00 -10,970.00 22,803.00 -29,485.00 -20,948.00 -10,678.00 -27,135.00 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 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 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 66,644.00 66,525.00 66,524.00 55,709.00 45,461.00 44,752.00 44,678.00 44,677.00 44,677.00 44,677.00 44,677.00 44,609.00 43,291.00 43,269.00 43,231.00 79,652.00 38,501.00 37,967.00 0
Average Shares Outstanding Diluted 66,644.00 66,525.00 66,524.00 55,709.00 45,461.00 44,752.00 44,678.00 44,677.00 44,677.00 44,677.00 44,677.00 44,609.00 43,291.00 43,269.00 43,231.00 79,652.00 38,501.00 37,967.00 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 -31,956.00 -21,122.00 -12,794.00 14,443.00 -27,426.00 -16,970.00 -7,740.00 17,311.00 -23,748.00 -15,791.00 -8,659.00 17,803.00 -24,430.00 -16,944.00 -10,249.00 8,679.00 -15,650.00 -10,185.00 -5,884.00
   Operating Net Income -38,635.00 -27,377.00 -13,434.00 20,013.00 -33,644.00 -21,789.00 -10,011.00 24,259.00 -32,104.00 -22,373.00 -11,223.00 23,732.00 -30,007.00 -21,436.00 -10,993.00 7,673.00 -18,849.00 -11,936.00 -5,179.00
   Deprecation and Amortization 1,371.00 895.00 365.00 -494.00 748.00 490.00 258.00 -538.00 1,011.00 593.00 253.00 929.00 -522.00 -488.00 -315.00 221.00 -822.00 -470.00 -85.00
   Deferred Income Tax 0 0 0 -9,263.00 0 0 0 -9,089.00 0 0 0 23,956.00 0 0 0 -6,082.00 0 0 0
   Share Based Compensation 4,432.00 3,048.00 1,365.00 -2,223.00 3,556.00 2,303.00 1,124.00 -2,800.00 3,600.00 2,645.00 1,064.00 -2,347.00 3,244.00 2,207.00 1,152.00 -582.00 2,244.00 1,304.00 268.00
   Change in Working Capital -758.00 2,582.00 -1,608.00 -1,473.00 858.00 1,241.00 1,459.00 4,418.00 -2,753.00 -1,853.00 -1,307.00 -443.00 1,076.00 1,136.00 960.00 5,035.00 -402.00 -1,284.00 -1,449.00
   Other Operating Activities 1,634.00 -270.00 518.00 7,883.00 1,056.00 785.00 -570.00 1,061.00 6,498.00 5,197.00 2,554.00 -28,024.00 1,779.00 1,637.00 -1,053.00 2,414.00 2,179.00 2,201.00 561.00
Investing Cash Flow -9,407.00 -19,567.00 -14,584.00 -18,776.00 9,217.00 18,651.00 4,636.00 -12,581.00 22,634.00 18,813.00 7,329.00 -37,304.00 31,129.00 25,966.00 18,358.00 233,607.00 -122,654.00 -130,703.00 -111,698.00
   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 44.00 26.00 0 -160.00 80.00 80.00 80.00 -259.00 574.00 259.00 8.00 -579.00 931.00 483.00 171.00 107.00 98.00 0 0
   Net Purchase/Sale of Investments Net 120,913.00 92,053.00 57,040.00 -22,612.00 56,423.00 20,569.00 6,554.00 -184,044.00 158,190.00 120,808.00 81,991.00 -204,366.00 192,802.00 140,996.00 92,075.00 -223,066.00 170,708.00 153,193.00 116,692.00
   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 -130,364.00 -111,646.00 -71,624.00 3,996.00 -47,286.00 -1,998.00 -1,998.00 171,722.00 -136,130.00 -102,254.00 -74,670.00 167,641.00 -162,604.00 -115,513.00 -73,888.00 456,566.00 -293,460.00 -283,896.00 -228,390.00
Financing Cash Flow 28.00 3.00 3.00 41,916.00 9,592.00 2,165.00 107.00 0 0 0 0 0.00 75.00 0 0 -6,789.00 20,488.00 20,488.00 1,263.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 28.00 3.00 3.00 95,316.00 9,592.00 2,165.00 107.00 0 0 0 0 0.00 75.00 0 0 -6,789.00 20,488.00 20,488.00 1,263.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities 0.00 0.00 0.00 -53,400.00 0.00 0.00 0.00 0 0 0 0 0.00 0.00 0 0 0.00 0.00 0.00 0.00
Net Change in Cash -41,335.00 -40,686.00 -27,375.00 37,583.00 -8,617.00 3,846.00 -2,997.00 4,730.00 -1,114.00 3,022.00 -1,330.00 -19,501.00 6,774.00 9,022.00 8,109.00 235,497.00 -117,816.00 -120,400.00 -116,319.00
   Cash at Beginning of Period 51,470.00 51,470.00 51,470.00 13,887.00 21,655.00 21,655.00 21,655.00 16,925.00 16,347.00 16,347.00 16,347.00 35,848.00 11,943.00 11,943.00 11,943.00 -223,554.00 130,981.00 130,981.00 130,981.00
   Cash at End of Period 10,135.00 10,784.00 24,095.00 51,470.00 13,038.00 25,501.00 18,658.00 21,655.00 15,233.00 19,369.00 15,017.00 16,347.00 18,717.00 20,965.00 20,052.00 11,943.00 13,165.00 10,581.00 14,662.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0