Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -2.51 -1.92 -1.04 -2.53
Price to Sales 1027.78
Book Value Per Common Share 0.30 0.43 0.82 1.23
Price to Book 4.28 1.95 0.63 1.50
Price to Operating Cash Flow -3.66 -2.16 -1.17 -3.40
Price to Free Cash Flow -3.65 -2.15 -1.17 -3.40
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -8.92 -13.60 -9.70 -11.00
Price to Sales
Book Value Per Common Share 0.11 0.14 0.21 0.30 0.15
Price to Book 9.79 9.52 4.56 4.28 13.32
Price to Operating Cash Flow -13.10 -24.68 -11.20 -18.91 -17.81
Price to Free Cash Flow -13.08 -24.68 -11.19 -18.88 -17.77
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
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
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.43 0.54 0.95 1.94
Quick Ratio 4.41 4.24 6.11 7.29
Current Ratio 4.52 4.36 6.27 7.53
Debt to Equity 0.29 0.30 0.19 0.15
Long-Term Debt to Equity 0.01 0.01 0.00 0.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 0.14 0.22 0.28 0.37 0.23
Quick Ratio 3.59 2.30 3.05 4.41 2.32
Current Ratio 3.89 2.46 3.26 4.52 2.49
Debt to Equity 0.35 0.69 0.45 0.29 0.68
Long-Term Debt to Equity 0.01 0.01 0.01 0.01 0.01

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -115.11 -76.64 -49.87 -36.00
ROE -148.32 -99.58 -59.25 -41.50
Gross Margin
Operating Margin -49091.93
EBITDA Margin -48812.06
Net Profit Margin -40170.45
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA -76.96 -41.90 -32.56 -25.67 -72.65
ROE -104.22 -70.75 -47.12 -33.07 -122.02
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 31,863.75 36,700.51 62,028.52 87,876.13
   Current Assets 31,668.16 36,153.09 61,437.98 87,140.39
      Cash and Short-Term Investments 30,580.03 34,931.78 59,469.87 83,899.07
            Cash and Cash Equivalents 30,580.03 34,931.78 59,469.87 83,899.07
            Short-Term Investments 0 0 0 0
      Net Receivables 361.62 279.87 480.20 407.13
      Inventory 0 0 0 0
      Other Current Assets 0 0 0 0
   Non-Current Assets 195.59 547.42 590.54 735.74
      Property, Plant, Equipment Net 195.59 337.06 295.74 356.49
      Goodwill 0 0 0 0
      Intangible Assets 0 210.36 294.80 379.25
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 0 0.00 0.00 0.00
Liabilities 7,135.27 8,454.00 9,826.93 11,638.05
   Current Liabilities 7,009.74 8,295.47 9,804.51 11,565.18
      Payables and Expenses 6,976.74 8,041.48 9,334.16 4,859.35
            Account Payables 0 0 0 0
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 33.01 15.81 50.45 44.71
      Other Current Liabilities 0.00 238.18 419.90 6,661.12
   Non-Current Liabilities 125.52 158.53 22.42 72.87
      Long-Term Debt 125.52 158.53 22.42 72.87
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00
Equity 24,728.48 28,246.51 52,201.59 76,238.07
   Shareholders Equity 24,728.48 28,246.51 52,201.59 76,238.07
      Capital Stock 179,335.42 148,519.14 147,545.40 142,918.83
      Share Premium 24,647.16 18,786.31 15,586.83 12,660.33
      Retained Earnings -179,254.10 -142,576.80 -114,448.51 -83,517.86
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0
   Minority Interest 0 0 0 0
Debt 158.53 174.34 72.87 117.58
Common Shares Outstanding 82,608.99 65,352.28 64,042.54 61,923.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 0 0 0 78.76
Interest Income 1,193.34 2,038.46 1,237.63 106.00
Non-Interest Expense 26,264.52 15,561.22 22,373.80 27,873.14
Operating Expenses 40,276.65 29,785.50 41,335.88 38,743.56
   Selling, General and Administrative Expenses 26,264.52 15,561.22 22,373.80 27,873.14
   Research and Development Expenses 14,012.13 14,224.29 18,962.08 10,870.42
Operating Income -40,276.65 -29,785.50 -41,335.88 -38,664.80
Net Non-Operating Income 28.22 149.74 164.44 112.23
EBT -36,677.30 -28,128.29 -30,930.65 -31,638.24
Income Tax 0 0 0 0
Net Income Including Non-Controlling Interests -36,677.30 -28,128.29 -30,930.65 -31,638.24
Net Income -36,677.30 -28,128.29 -30,930.65 -31,638.24
EBIT -40,276.65 -29,785.50 -41,335.88 -38,664.80
Deprecation and Amortization 373.11 248.35 219.91 220.42
EBITDA -39,903.54 -29,537.15 -41,115.97 -38,444.38
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 71,567.76 64,463.09 62,505.98 43,222.82
Average Shares Outstanding Diluted 71,567.76 64,463.09 62,505.98 43,222.82
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -25,060.87 -25,180.44 -27,220.35 -23,539.65
   Operating Net Income -36,677.30 -28,128.29 -30,930.65 -31,638.24
   Deprecation and Amortization 373.11 248.35 219.91 220.42
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 14,277.41 4,156.76 5,013.19 8,497.83
   Change in Working Capital -931.57 -545.88 5,748.02 76.52
   Other Operating Activities -2,102.52 -911.39 -7,270.81 -696.18
Investing Cash Flow -21.29 -64.31 -74.71 -12.92
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -21.29 -64.31 -74.71 -12.92
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 0.00 0.00 0.00 0.00
Financing Cash Flow 18,840.34 -55.38 -53.93 93,437.58
   Net Issuance/Repayment of Debt -41.53 -55.38 -53.93 -51.92
   Net Issuance/Repurchase of Equity 21,355.59 0 0 84,083.76
   Dividends Paid 0 0 0 0
   Other Financing Activities -2,473.72 0.00 0.00 9,405.74
Net Change in Cash -6,241.82 -25,300.13 -27,348.99 69,885.01
   Cash at Beginning of Period 34,931.78 59,469.87 83,899.07 14,025.19
   Cash at End of Period 30,580.03 34,931.78 59,469.87 83,899.07
Free Cash Flow -25,082.16 -25,244.75 -27,295.05 -23,552.57
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 12,947.80 19,937.70 25,454.90 31,863.75 17,519.65
   Current Assets 12,806.82 19,774.19 25,272.35 31,668.16 17,281.72
      Cash and Short-Term Investments 11,622.41 18,195.05 23,292.70 30,580.03 15,885.02
            Cash and Cash Equivalents 11,622.41 18,195.05 23,292.70 30,580.03 15,885.02
            Short-Term Investments 0 0 0 0 0
      Net Receivables 195.88 279.89 346.69 361.62 266.71
      Inventory 0 0 0 0 0
      Other Current Assets 988.53 1,299.25 1,632.96 726.51 1,129.99
   Non-Current Assets 140.98 163.51 182.54 195.59 237.93
      Property, Plant, Equipment Net 140.98 163.51 182.54 195.59 237.93
      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 0 0 0 0 0
Liabilities 3,386.93 8,129.82 7,867.09 7,135.27 7,088.27
   Current Liabilities 3,289.65 8,022.83 7,750.68 7,009.74 6,954.07
      Payables and Expenses 3,252.73 7,987.27 7,716.43 6,976.74 6,918.64
            Account Payables 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 36.92 35.56 34.25 33.01 31.79
      Other Current Liabilities 0.00 0.00 0.00 0.00 3.65
   Non-Current Liabilities 97.27 107.00 116.41 125.52 134.20
      Long-Term Debt 97.27 107.00 116.41 125.52 134.20
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00 0.00
Equity 9,560.88 11,807.88 17,587.80 24,728.48 10,431.38
   Shareholders Equity 9,560.88 11,807.88 17,587.80 24,728.48 10,431.38
      Capital Stock 187,362.63 179,538.70 179,335.42 179,335.42 154,631.16
      Share Premium 28,102.58 28,165.31 25,794.14 24,647.16 27,499.75
      Retained Earnings -205,904.33 -195,896.12 -187,541.75 -179,254.10 -171,699.53
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 0
Debt 134.20 142.55 150.66 158.53 165.98
Common Shares Outstanding 87,455.72 82,674.73 82,608.99 82,608.99 70,196.96
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Interest Income 122.26 180.67 248.27 306.77 201.86 0
Non-Interest Expense 5,367.97 4,919.01 4,646.66 5,760.56 10,188.62 0
Operating Expenses 10,180.10 7,676.16 8,429.06 9,989.42 14,140.40 0
   Selling, General and Administrative Expenses 5,367.97 4,919.01 4,646.66 5,760.56 10,188.62 0
   Research and Development Expenses 4,786.58 2,731.68 3,757.41 4,228.87 3,750.69 0
Operating Income -10,180.10 -7,676.16 -8,429.06 -9,989.42 -14,140.40 0
EBT -9,964.28 -8,354.37 -8,287.65 -8,178.31 -12,728.48 0
Income Tax 0 0 0 0 0 0
Net Income Including Non-Controlling Interests -9,964.28 -8,354.37 -8,287.65 -8,178.31 -12,728.48 0
Net Income -9,964.28 -8,354.37 -8,287.65 -8,178.31 -12,728.48 0
EBIT -10,180.10 -7,676.16 -8,429.06 -9,989.42 -14,140.40 0
Deprecation and Amortization 25.55 25.47 24.99 48.49 201.09 0
EBITDA -10,154.55 -7,650.69 -8,404.08 -9,940.93 -13,939.31 0
EPS -0.00 -0.00 -0.00 0 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 0 -0.00 -0.00
Average Shares Outstanding Basic 84,727.40 82,653.37 82,608.99 0 69,841.20 68,751.10
Average Shares Outstanding Diluted 84,727.40 82,653.37 82,608.99 0 69,841.20 68,751.10
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow -6,925.01 -4,550.57 -7,153.77 -5,593.29 -7,769.08
   Operating Net Income -9,964.28 -8,354.37 -8,287.65 -8,178.31 -12,728.48
   Deprecation and Amortization 25.55 25.47 24.99 48.49 201.09
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 3,999.61 2,540.18 1,146.97 3,147.32 8,422.40
   Change in Working Capital -622.15 671.36 -151.82 990.41 -2,672.98
   Other Operating Activities -363.74 566.79 113.75 -1,601.20 -991.10
Investing Cash Flow -3.02 -6.44 -11.94 -6.16 -7.87
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -3.02 -6.44 -11.94 -6.16 -7.87
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0.00 0.00 0.00 0.00 0.00
Financing Cash Flow -13.84 20.42 -13.84 18,690.51 -4.62
   Net Issuance/Repayment of Debt -13.84 -13.84 -13.84 -13.84 -4.62
   Net Issuance/Repurchase of Equity 0 0 0 0 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0.00 34.26 0.00 18,704.36 0.00
Net Change in Cash -6,941.87 -4,536.60 -7,179.55 13,091.06 -7,781.56
   Cash at Beginning of Period 18,195.05 23,292.70 30,580.03 15,885.02 24,021.24
   Cash at End of Period 11,622.41 18,195.05 23,292.70 30,580.03 15,885.02
Free Cash Flow -6,928.03 -4,557.01 -7,165.71 -5,599.45 -7,776.95