Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -9.07 -32.27 -4.86 15.25 -28.94
Price to Sales 88.99 13.36 2639.61 6.29 14046.79
Book Value Per Common Share 22.53 23.52 23.89 31.17 22.52
Price to Book 1.75 2.66 1.70 2.43 6.80
Price to Operating Cash Flow -23.26 -19.05 -6.38 10.68 -42.36
Price to Free Cash Flow
Enterprise Value to EBITDA 152177.16
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 -12.66 -12.22 -21.54 -11.98 -18.50 -47.66 -14.79 -33.82 -67.51 -9.39 -12.88 -27.06 16.34 18.89 -80.70
Price to Sales 2160.33 2396.06 3369.31 2434.20 4427.05 10993.55 21.11 26.05 35.59 4243.51 4279.58 5145.08 9.39 13.55 16923.61
Book Value Per Common Share 20.41 19.36 21.18 22.53 22.73 23.29 24.56 23.52 21.75 22.88 23.52 23.89 24.97 26.88 29.01 31.17 32.86 34.23 23.84 22.52
Price to Book 3.18 2.51 1.61 1.75 2.07 2.32 2.77 2.66 2.09 2.45 1.92 1.70 2.62 2.26 2.16 2.43 3.41 4.73 5.11 6.80
Price to Operating Cash Flow -22.62 -25.07 -54.21 -42.55 317.71 50.80 -21.84 -35.59 404.56 -13.25 -16.95 -35.78 13.56 17.29 -90.79
Price to Free Cash Flow
Enterprise Value to EBITDA 160050.73 187417.46

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY -89.95 30885.48 -99.87 127154.94
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 -20.07
Revenue YoY 50.60 103.12 -97.47 58.96 102.58 0.00 70.00 8.56 16.81 0.09 167105.94
EBITDA YoY -18.63
Net Profit YoY -19.68

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 22.57 21.38 23.35 31.33 25.63
Quick Ratio 21.97 17.41 19.85 17.93
Current Ratio 22.07 17.54 15.30 20.17 18.21
Debt to Equity 0.16 0.18 0.20 0.15 0.10
Long-Term Debt to Equity 0.12 0.13 0.13 0.10 0.04
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 21.74 19.90 21.59 22.20 23.05 24.01 25.77 21.16 22.01 22.41 23.94 23.12 24.45 26.72 28.81 30.90 32.72 34.33 24.08 22.87
Quick Ratio 21.97 17.41 13.84 12.57 17.22 19.54 19.85 25.75 25.92 21.74 17.93
Current Ratio 16.22 16.61 15.64 22.07 21.64 15.73 17.81 17.54 15.83 14.00 13.00 15.30 12.81 17.57 19.88 20.17 26.18 26.23 22.05 18.21
Debt to Equity 0.17 0.19 0.18 0.16 0.16 0.18 0.17 0.18 0.21 0.21 0.21 0.20 0.20 0.18 0.16 0.15 0.12 0.11 0.08 0.10
Long-Term Debt to Equity 0.11 0.13 0.12 0.12 0.12 0.12 0.11 0.13 0.14 0.14 0.13 0.13 0.13 0.12 0.11 0.10 0.08 0.08 0.04 0.04

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -16.34 -6.89 -28.99 13.72 -19.08
ROE -18.96 -8.16 -34.67 15.74 -20.96
Gross Margin
Operating Margin -971.93 -40.60 -54298.83 41.48 -48408.34
EBITDA Margin -920.31 -35.26 -52281.14 41.90 -47131.02
Net Profit Margin -981.54 -41.38 -54271.70 41.28 -48520.86
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 -20.09 -16.98 -6.28 -14.58 -10.39 -4.78 -11.64 -5.95 -2.36 -22.93 -14.82 -6.88 18.39 22.28 -5.78
ROE -23.54 -20.14 -7.43 -16.96 -12.27 -5.59 -14.06 -7.20 -2.86 -27.62 -17.46 -7.98 20.65 24.81 -6.27
Gross Margin
Operating Margin -16929.93 -19473.19 -15593.87 -20089.59 -23603.13 -22989.48 -141.35 -75.62 -51.75 -44500.76 -32361.11 -18681.81 57.98 72.21 -20888.31
EBITDA Margin -16407.71 -18939.04 -15046.36 -19201.29 -22655.24 -22030.56 -132.57 -69.74 -46.69 -42963.34 -31149.09 -18039.36 59.28 72.92 -20384.60
Net Profit Margin -17044.07 -19609.85 -15722.08 -20267.47 -23800.10 -23133.13 -142.92 -76.94 -53.07 -45268.46 -33246.90 -19065.64 57.52 71.69 -20994.99

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 2,242,034.00 2,229,571.00 2,243,057.00 2,751,877.00 1,827,966.00
   Current Assets 1,937,132.00 1,908,078.00 1,853,026.00 2,417,513.00 1,716,620.00
      Cash and Short-Term Investments 1,903,826.00 1,693,692.00 1,815,318.00 2,379,129.00 1,690,333.00
            Cash and Cash Equivalents 298,257.00 389,477.00 211,885.00 923,031.00 1,168,620.00
            Short-Term Investments 1,605,569.00 1,304,215.00 1,603,433.00 1,456,098.00 521,713.00
      Net Receivables 25,000.00 200,000.00 0 305.00 144.00
      Inventory 0 0 0 0 0
      Other Current Assets 8,306.00 14,386.00 37,708.00 38,079.00 26,143.00
   Non-Current Assets 304,902.00 321,493.00 390,031.00 334,364.00 111,346.00
      Property, Plant, Equipment Net 277,554.00 305,938.00 320,555.00 312,035.00 93,025.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 16.00 71.00 125.00 180.00
      Long-Term Investments 0 1,973.00 53,130.00 0 0
      Non-Current Deferred Assets 0 0 0 0 86.00
      Other Non-Current Assets 27,348.00 13,566.00 16,275.00 22,204.00 18,055.00
Liabilities 309,954.00 346,768.00 367,578.00 352,417.00 163,732.00
   Current Liabilities 87,782.00 108,791.00 121,107.00 119,883.00 94,259.00
      Payables and Expenses 55,781.00 83,482.00 105,110.00 105,819.00 62,876.00
            Account Payables 14,709.00 38,147.00 27,428.00 14,816.00 9,094.00
            Current Accrued Liabilities 41,072.00 45,335.00 77,682.00 91,003.00 53,782.00
      Short-Term Debt 17,288.00 15,625.00 15,842.00 12,158.00 11,362.00
      Other Current Liabilities 14,713.00 9,684.00 155.00 1,906.00 20,021.00
   Non-Current Liabilities 222,172.00 237,977.00 246,471.00 232,534.00 69,473.00
      Long-Term Debt 206,405.00 223,007.00 228,179.00 212,872.00 50,067.00
      Other Non-Current Liabilities 15,767.00 14,970.00 18,292.00 19,662.00 19,406.00
Equity 1,932,080.00 1,882,803.00 1,875,479.00 2,399,460.00 1,664,234.00
   Shareholders Equity 1,932,080.00 1,882,803.00 1,875,479.00 2,399,460.00 1,664,234.00
      Capital Stock 2,698.00 2,497.00 2,441.00 2,391.00 2,277.00
      Share Premium 3,293,556.00 2,878,155.00 2,734,838.00 2,598,114.00 2,235,679.00
      Retained Earnings -1,365,952.00 -999,700.00 -846,090.00 -195,915.00 -573,576.00
      Treasury Shares 62.00 62.00 63.00 63.00 63.00
      Accumulated Other Comprehensive Income 1,840.00 1,913.00 -15,647.00 -5,067.00 -83.00
   Minority Interest 0 0 0 0 0
Investments 1,605,569.00 1,306,188.00 1,656,563.00 1,456,098.00 521,713.00
Debt 223,693.00 238,632.00 244,021.00 225,030.00 61,429.00
Common Shares Outstanding 85,741.98 80,044.38 78,512.45 76,990.07 73,914.84
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 37,314.00 371,206.00 1,198.00 914,963.00 719.00
Operating Expenses 503,880.00 593,744.00 674,359.00 541,435.00 355,154.00
   Selling, General and Administrative Expenses 98,430.00 76,162.00 102,464.00 102,802.00 88,208.00
   Research and Development Expenses 583,080.00 387,332.00 461,645.00 557,233.00 315,546.00
   Other Operating Expenses -177,630.00 130,250.00 110,250.00 -118,600.00 -48,600.00
Operating Income -466,566.00 -222,538.00 -673,161.00 373,528.00 -354,435.00
Net Non-Operating Income 103,901.00 71,816.00 22,661.00 6,003.00 6,379.00
Interest Expense 0.00 0.00 0.00 0.00 0.00
Net Interest 104,300.00 0 0 0 0
EBT -362,665.00 -150,722.00 -650,500.00 379,531.00 -348,056.00
Income Tax 3,587.00 2,888.00 325.00 1,870.00 809.00
Net Income -366,252.00 -153,610.00 -650,175.00 377,661.00 -348,865.00
EBIT -362,665.00 -150,722.00 -650,500.00 379,531.00 -348,056.00
Deprecation and Amortization 19,259.00 19,837.00 24,172.00 3,844.00 9,184.00
EBITDA -343,406.00 -130,885.00 -626,328.00 383,375.00 -338,872.00
EPS -0.00 -0.00 -0.01 0.00 -0.01
Diluted EPS -0.00 -0.00 -0.01 0.00 -0.01
Average Shares Outstanding Basic 84,359.13 79,220.93 77,746.57 75,948.69 65,949.67
Average Shares Outstanding Diluted 84,359.13 79,220.93 77,746.57 80,393.50 65,949.67
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -142,774.00 -260,375.00 -495,741.00 538,972.00 -238,366.00
   Operating Net Income -366,252.00 -153,610.00 -650,175.00 377,661.00 -348,865.00
   Deprecation and Amortization 19,259.00 19,837.00 24,172.00 3,844.00 9,184.00
   Deferred Income Tax -484.00 -424.00 -1,010.00 1,748.00 409.00
   Share Based Compensation 86,567.00 81,028.00 97,947.00 102,390.00 66,018.00
   Change in Working Capital -199,893.00 162,438.00 729.00 45,499.00 -673.00
   Other Operating Activities 318,029.00 -369,644.00 32,596.00 7,830.00 35,561.00
Investing Cash Flow -280,481.00 374,647.00 -258,655.00 -1,035,430.00 -541,170.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 1,901.00 9,470.00 37,188.00 81,705.00 18,358.00
   Net Purchase/Sale of Investments Net 2,694,178.00 2,518,439.00 2,614,133.00 2,064,929.00 665,184.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -2,976,560.00 -2,153,262.00 -2,909,976.00 -3,182,064.00 -1,224,712.00
Financing Cash Flow 331,984.00 62,664.00 38,592.00 250,945.00 1,016,152.00
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 555,595.00 276,921.00 179,770.00 391,067.00 1,475,789.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -223,611.00 -214,257.00 -141,178.00 -140,122.00 -459,637.00
Net Change in Cash -91,292.00 177,009.00 -715,884.00 -245,524.00 236,656.00
   Cash at Beginning of Period 401,068.00 224,059.00 939,944.00 1,185,468.00 948,812.00
   Cash at End of Period 309,776.00 401,068.00 224,060.00 939,944.00 1,185,468.00
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 2,245,308.00 2,029,711.00 2,166,102.00 2,242,034.00 2,256,130.00 2,339,853.00 2,439,017.00 2,229,571.00 2,086,830.00 2,197,014.00 2,244,364.00 2,243,057.00 2,353,356.00 2,463,363.00 2,606,175.00 2,751,877.00 2,821,725.00 2,899,519.00 1,957,910.00 1,827,966.00
   Current Assets 1,929,092.00 1,733,666.00 1,867,611.00 1,937,132.00 1,943,891.00 2,010,407.00 2,119,624.00 1,908,078.00 1,760,586.00 1,859,572.00 1,907,966.00 1,853,026.00 1,932,703.00 2,107,056.00 2,260,616.00 2,417,513.00 2,518,935.00 2,620,943.00 1,832,359.00 1,716,620.00
      Cash and Short-Term Investments 1,915,710.00 1,721,237.00 1,855,285.00 1,903,826.00 1,935,645.00 2,001,619.00 2,108,125.00 1,693,692.00 1,739,826.00 1,768,103.00 1,883,170.00 1,815,318.00 1,895,975.00 2,065,339.00 2,221,261.00 2,379,129.00 2,477,360.00 2,589,446.00 1,806,203.00 1,690,333.00
            Cash and Cash Equivalents 286,497.00 193,618.00 235,184.00 298,257.00 225,670.00 484,472.00 707,427.00 389,477.00 527,765.00 444,796.00 344,407.00 211,885.00 494,151.00 496,893.00 683,906.00 923,031.00 1,011,548.00 1,646,646.00 1,126,059.00 1,168,620.00
            Short-Term Investments 1,629,213.00 1,527,619.00 1,620,101.00 1,605,569.00 1,709,975.00 1,517,147.00 1,400,698.00 1,304,215.00 1,212,061.00 1,323,307.00 1,538,763.00 1,603,433.00 1,401,824.00 1,568,446.00 1,537,355.00 1,456,098.00 1,465,812.00 942,800.00 680,144.00 521,713.00
      Net Receivables 0 0 0 25,000.00 0 0 0 200,000.00 0 70,000.00 0 0 49.00 66.00 143.00 305.00 152.00 150.00 150.00 144.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 13,382.00 12,429.00 12,326.00 8,306.00 8,246.00 8,788.00 11,499.00 14,386.00 20,760.00 21,469.00 24,796.00 37,708.00 36,679.00 41,651.00 39,212.00 38,079.00 41,423.00 31,347.00 26,006.00 26,143.00
   Non-Current Assets 316,216.00 296,045.00 298,491.00 304,902.00 312,239.00 329,446.00 319,393.00 321,493.00 326,244.00 337,442.00 336,398.00 390,031.00 420,653.00 356,307.00 345,559.00 334,364.00 302,790.00 278,576.00 125,551.00 111,346.00
      Property, Plant, Equipment Net 255,490.00 262,567.00 269,703.00 277,554.00 284,828.00 291,569.00 298,507.00 305,938.00 312,337.00 318,524.00 315,544.00 320,555.00 327,617.00 331,934.00 328,994.00 312,035.00 281,015.00 254,795.00 102,042.00 93,025.00
      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 2.00 16.00 30.00 43.00 57.00 71.00 84.00 98.00 112.00 125.00 139.00 153.00 167.00 180.00
      Long-Term Investments 28,412.00 0 0 0 0 11,216.00 0 1,973.00 0 4,901.00 6,320.00 53,130.00 77,147.00 8,392.00 0 0 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 86.00
      Other Non-Current Assets 32,314.00 33,478.00 28,788.00 27,348.00 27,411.00 26,661.00 20,884.00 13,566.00 13,877.00 13,974.00 14,477.00 16,275.00 15,805.00 15,883.00 16,453.00 22,204.00 21,636.00 23,628.00 23,342.00 18,055.00
Liabilities 329,326.00 318,586.00 336,942.00 309,954.00 316,472.00 358,904.00 355,081.00 346,768.00 359,036.00 380,986.00 389,468.00 367,578.00 399,402.00 372,532.00 361,259.00 352,417.00 308,802.00 295,724.00 152,412.00 163,732.00
   Current Liabilities 118,957.00 104,362.00 119,447.00 87,782.00 89,810.00 127,823.00 118,990.00 108,791.00 111,234.00 132,837.00 146,794.00 121,107.00 150,870.00 119,957.00 113,697.00 119,883.00 96,206.00 99,923.00 83,090.00 94,259.00
      Payables and Expenses 95,980.00 83,491.00 97,679.00 55,781.00 62,782.00 101,335.00 92,895.00 83,482.00 92,557.00 117,426.00 130,784.00 105,110.00 135,068.00 107,467.00 99,743.00 105,819.00 78,470.00 77,246.00 62,936.00 62,876.00
            Account Payables 11,798.00 9,753.00 13,064.00 14,709.00 15,578.00 9,452.00 16,463.00 38,147.00 26,152.00 27,588.00 45,153.00 27,428.00 32,114.00 25,244.00 27,111.00 14,816.00 10,167.00 10,145.00 13,072.00 9,094.00
            Current Accrued Liabilities 84,182.00 73,738.00 84,615.00 41,072.00 47,204.00 91,883.00 76,432.00 45,335.00 66,405.00 89,838.00 85,631.00 77,682.00 102,954.00 82,223.00 72,632.00 91,003.00 68,303.00 67,101.00 49,864.00 53,782.00
      Short-Term Debt 18,256.00 18,027.00 17,506.00 17,288.00 16,883.00 16,451.00 15,992.00 15,625.00 15,001.00 14,833.00 15,717.00 15,842.00 11,260.00 8,267.00 11,076.00 12,158.00 12,641.00 15,875.00 12,063.00 11,362.00
      Other Current Liabilities 4,721.00 2,844.00 4,262.00 14,713.00 10,145.00 10,037.00 10,103.00 9,684.00 3,676.00 578.00 293.00 155.00 4,542.00 4,223.00 2,878.00 1,906.00 5,095.00 6,802.00 8,091.00 20,021.00
   Non-Current Liabilities 210,369.00 214,224.00 217,495.00 222,172.00 226,662.00 231,081.00 236,091.00 237,977.00 247,802.00 248,149.00 242,674.00 246,471.00 248,532.00 252,575.00 247,562.00 232,534.00 212,596.00 195,801.00 69,322.00 69,473.00
      Long-Term Debt 192,768.00 197,425.00 201,852.00 206,405.00 210,662.00 214,852.00 218,935.00 223,007.00 226,585.00 230,342.00 224,552.00 228,179.00 230,895.00 234,160.00 227,904.00 212,872.00 192,734.00 175,329.00 49,408.00 50,067.00
      Other Non-Current Liabilities 17,601.00 16,799.00 15,643.00 15,767.00 16,000.00 16,229.00 17,156.00 14,970.00 21,217.00 17,807.00 18,122.00 18,292.00 17,637.00 18,415.00 19,658.00 19,662.00 19,862.00 20,472.00 19,914.00 19,406.00
Equity 1,915,982.00 1,711,125.00 1,829,160.00 1,932,080.00 1,939,658.00 1,980,949.00 2,083,936.00 1,882,803.00 1,727,794.00 1,816,028.00 1,854,896.00 1,875,479.00 1,953,954.00 2,090,831.00 2,244,916.00 2,399,460.00 2,512,923.00 2,603,795.00 1,805,498.00 1,664,234.00
   Shareholders Equity 1,915,982.00 1,711,125.00 1,829,160.00 1,932,080.00 1,939,658.00 1,980,949.00 2,083,936.00 1,882,803.00 1,727,794.00 1,816,028.00 1,854,896.00 1,875,479.00 1,953,954.00 2,090,831.00 2,244,916.00 2,399,460.00 2,512,923.00 2,603,795.00 1,805,498.00 1,664,234.00
      Capital Stock 3,013.00 2,794.00 2,721.00 2,698.00 2,684.00 2,665.00 2,658.00 2,497.00 2,476.00 2,474.00 2,452.00 2,441.00 2,433.00 2,420.00 2,407.00 2,391.00 2,366.00 2,352.00 2,340.00 2,277.00
      Share Premium 3,724,981.00 3,414,849.00 3,324,314.00 3,293,556.00 3,255,112.00 3,223,924.00 3,199,183.00 2,878,155.00 2,821,225.00 2,799,420.00 2,761,050.00 2,734,838.00 2,709,361.00 2,669,782.00 2,634,597.00 2,598,114.00 2,566,057.00 2,529,649.00 2,490,421.00 2,235,679.00
      Retained Earnings -1,816,938.00 -1,710,497.00 -1,501,948.00 -1,365,952.00 -1,328,641.00 -1,242,699.00 -1,116,291.00 -999,700.00 -1,089,047.00 -976,895.00 -899,155.00 -846,090.00 -735,515.00 -560,966.00 -375,132.00 -195,915.00 -54,667.00 72,486.00 -686,739.00 -573,576.00
      Treasury Shares 60.00 62.00 62.00 62.00 62.00 62.00 62.00 62.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00
      Accumulated Other Comprehensive Income 4,986.00 4,041.00 4,135.00 1,840.00 10,565.00 -2,879.00 -1,552.00 1,913.00 -6,797.00 -8,908.00 -9,388.00 -15,647.00 -22,262.00 -20,342.00 -16,893.00 -5,067.00 -770.00 -629.00 -461.00 -83.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1,657,625.00 1,527,619.00 1,620,101.00 1,605,569.00 1,709,975.00 1,528,363.00 1,400,698.00 1,306,188.00 1,212,061.00 1,328,208.00 1,545,083.00 1,656,563.00 1,478,971.00 1,576,838.00 1,537,355.00 1,456,098.00 1,465,812.00 942,800.00 680,144.00 521,713.00
Debt 211,024.00 215,452.00 219,358.00 223,693.00 227,545.00 231,303.00 234,927.00 238,632.00 241,586.00 245,175.00 240,269.00 244,021.00 242,155.00 242,427.00 238,980.00 225,030.00 205,375.00 191,204.00 61,471.00 61,429.00
Common Shares Outstanding 93,872.79 88,376.44 86,360.92 85,741.98 85,335.78 85,045.50 84,837.61 80,044.38 79,426.75 79,372.37 78,863.73 78,512.45 78,247.83 77,792.16 77,386.40 76,990.07 76,463.18 76,078.45 75,730.63 73,914.84
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 2,646.00 1,757.00 865.00 34,166.00 1,623.00 1,021.00 504.00 -68,794.00 170,000.00 170,000.00 100,000.00 -2,032.00 1,192.00 1,098.00 940.00 -888,880.00 902,064.00 901,240.00 539.00
Operating Expenses 512,453.00 379,505.00 149,289.00 -333,681.00 403,601.00 292,869.00 141,091.00 -362,574.00 462,121.00 329,710.00 164,487.00 -405,695.00 542,812.00 360,330.00 176,912.00 -209,650.00 382,838.00 253,165.00 115,082.00
   Selling, General and Administrative Expenses 74,249.00 51,569.00 25,813.00 -11,810.00 54,853.00 37,434.00 17,953.00 -47,273.00 59,683.00 41,392.00 22,360.00 -61,146.00 81,295.00 54,294.00 28,021.00 -54,713.00 78,675.00 54,323.00 24,517.00
   Research and Development Expenses 370,410.00 262,443.00 132,817.00 112,072.00 238,498.00 156,338.00 76,172.00 -206,281.00 292,188.00 201,490.00 99,935.00 -256,158.00 358,090.00 241,468.00 118,245.00 -190,837.00 380,563.00 252,742.00 114,765.00
   Other Operating Expenses 67,794.00 65,493.00 -9,341.00 -433,943.00 110,250.00 99,097.00 46,966.00 -109,020.00 110,250.00 86,828.00 42,192.00 -88,391.00 103,427.00 64,568.00 30,646.00 35,900.00 -76,400.00 -53,900.00 -24,200.00
Operating Income -509,807.00 -377,748.00 -148,424.00 367,847.00 -401,978.00 -291,848.00 -140,587.00 293,780.00 -292,121.00 -159,710.00 -64,487.00 403,663.00 -541,620.00 -359,232.00 -175,972.00 -679,230.00 519,226.00 648,075.00 -114,543.00
Net Non-Operating Income 61,841.00 35,604.00 13,537.00 -47,603.00 75,924.00 50,860.00 24,720.00 -23,893.00 51,819.00 31,148.00 12,742.00 7,220.00 11,171.00 3,907.00 363.00 -2,463.00 3,806.00 2,705.00 1,955.00
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 0 0 0 104,300.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
EBT -447,966.00 -342,144.00 -134,887.00 320,244.00 -326,054.00 -240,988.00 -115,867.00 269,887.00 -240,302.00 -128,562.00 -51,745.00 410,883.00 -530,449.00 -355,325.00 -175,609.00 -681,693.00 523,032.00 650,780.00 -112,588.00
Income Tax 3,020.00 2,401.00 1,109.00 -2,035.00 2,887.00 2,011.00 724.00 -3,330.00 2,655.00 2,243.00 1,320.00 -22,160.00 9,151.00 9,726.00 3,608.00 -7,546.00 4,123.00 4,718.00 575.00
Net Income -450,986.00 -344,545.00 -135,996.00 322,279.00 -328,941.00 -242,999.00 -116,591.00 273,217.00 -242,957.00 -130,805.00 -53,065.00 433,693.00 -539,600.00 -365,051.00 -179,217.00 -674,147.00 518,909.00 646,062.00 -113,163.00
EBIT -447,966.00 -342,144.00 -134,887.00 320,244.00 -326,054.00 -240,988.00 -115,867.00 269,887.00 -240,302.00 -128,562.00 -51,745.00 410,883.00 -530,449.00 -355,325.00 -175,609.00 -681,693.00 523,032.00 650,780.00 -112,588.00
Deprecation and Amortization 13,818.00 9,385.00 4,736.00 -9,669.00 14,417.00 9,678.00 4,833.00 -10,163.00 14,937.00 10,012.00 5,051.00 -13,501.00 18,326.00 13,308.00 6,039.00 -16,931.00 11,692.00 6,368.00 2,715.00
EBITDA -434,148.00 -332,759.00 -130,151.00 310,575.00 -311,637.00 -231,310.00 -111,034.00 259,724.00 -225,365.00 -118,550.00 -46,694.00 397,382.00 -512,123.00 -342,017.00 -169,570.00 -698,624.00 534,724.00 657,148.00 -109,873.00
EPS -0.01 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.01 -0.00 -0.00 -0.00 0.01 0.01 -0.00
Diluted EPS -0.01 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.01 -0.00 -0.00 0.00 0.01 0.01 -0.00
Average Shares Outstanding Basic 88,124.24 86,507.33 85,938.72 88,296.03 83,988.06 83,357.78 81,794.63 80,258.15 79,063.41 78,885.17 78,676.99 79,033.24 77,547.77 77,306.97 77,098.32 77,658.96 75,712.44 75,418.16 75,005.19
Average Shares Outstanding Diluted 88,124.24 86,507.33 85,938.72 88,296.03 83,988.06 83,357.78 81,794.63 80,258.15 79,063.41 78,885.17 78,676.99 79,033.24 77,547.77 77,306.97 77,098.32 85,555.26 80,554.68 80,458.85 75,005.19
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 -252,461.00 -167,827.00 -53,947.00 -173,953.00 -92,743.00 14,170.00 109,752.00 19,574.00 -164,302.00 -124,446.00 8,799.00 299,106.00 -382,413.00 -277,195.00 -135,239.00 -691,714.00 625,010.00 706,339.00 -100,663.00
   Operating Net Income -450,986.00 -344,545.00 -135,996.00 322,279.00 -328,941.00 -242,999.00 -116,591.00 273,217.00 -242,957.00 -130,805.00 -53,065.00 433,693.00 -539,600.00 -365,051.00 -179,217.00 -674,147.00 518,909.00 646,062.00 -113,163.00
   Deprecation and Amortization 13,818.00 9,385.00 4,736.00 -9,669.00 14,417.00 9,678.00 4,833.00 -10,163.00 14,937.00 10,012.00 5,051.00 -13,501.00 18,326.00 13,308.00 6,039.00 -16,931.00 11,692.00 6,368.00 2,715.00
   Deferred Income Tax 0 0 0 -484.00 0 0 0 -424.00 0 0 0 -1,010.00 0 0 0 1,748.00 0 0 0
   Share Based Compensation 54,423.00 37,819.00 20,212.00 -40,535.00 64,620.00 43,077.00 19,405.00 -45,095.00 62,608.00 42,640.00 20,875.00 -53,537.00 75,142.00 50,597.00 25,745.00 -46,747.00 76,622.00 50,423.00 22,092.00
   Change in Working Capital 4,142.00 -7,789.00 7,267.00 408,503.00 -226,214.00 -187,740.00 -194,442.00 103,654.00 -21,420.00 67,200.00 13,004.00 -21,845.00 26,006.00 3,873.00 -7,305.00 7,484.00 26,254.00 16,762.00 -5,001.00
   Other Operating Activities 126,142.00 137,303.00 49,834.00 -854,047.00 383,375.00 392,154.00 396,547.00 -301,615.00 22,530.00 -113,493.00 22,934.00 -44,694.00 37,713.00 20,078.00 19,499.00 36,879.00 -8,467.00 -13,276.00 -7,306.00
Investing Cash Flow -69,004.00 50,222.00 -19,755.00 428,333.00 -386,309.00 -224,705.00 -97,800.00 -534,034.00 456,100.00 334,752.00 117,829.00 109,570.00 -83,123.00 -170,587.00 -114,515.00 620,716.00 -1,026,714.00 -461,534.00 -167,898.00
   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 397.00 323.00 206.00 -1,895.00 1,647.00 1,428.00 721.00 -8,935.00 8,732.00 6,614.00 3,059.00 -34,139.00 30,997.00 24,980.00 15,350.00 -33,314.00 72,522.00 35,473.00 7,024.00
   Net Purchase/Sale of Investments Net 1,466,187.00 917,167.00 391,911.00 -1,329,336.00 2,054,252.00 1,397,511.00 571,751.00 -1,244,151.00 1,862,856.00 1,247,592.00 652,142.00 -776,329.00 1,794,682.00 1,048,665.00 547,115.00 -1,247,428.00 1,819,378.00 1,005,903.00 487,076.00
   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 -1,535,588.00 -867,268.00 -411,872.00 1,759,564.00 -2,442,208.00 -1,623,644.00 -670,272.00 719,052.00 -1,415,488.00 -919,454.00 -537,372.00 920,038.00 -1,908,802.00 -1,244,232.00 -676,980.00 1,901,458.00 -2,918,614.00 -1,502,910.00 -661,998.00
Financing Cash Flow 309,612.00 12,846.00 10,588.00 -594,526.00 315,108.00 305,468.00 305,934.00 11,366.00 23,725.00 22,169.00 5,404.00 -29,173.00 36,114.00 21,002.00 10,649.00 -454,126.00 244,646.00 234,434.00 225,991.00
   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 644,699.00 88,494.00 17,216.00 -933,819.00 504,136.00 492,133.00 493,145.00 98,121.00 178,800.00 0 0 -355,600.00 179,770.00 177,800.00 177,800.00 -605,659.00 391,067.00 391,067.00 214,592.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -335,087.00 -75,648.00 -6,628.00 339,293.00 -189,028.00 -186,665.00 -187,211.00 -86,755.00 -155,075.00 22,169.00 5,404.00 326,427.00 -143,656.00 -156,798.00 -167,151.00 151,533.00 -146,421.00 -156,633.00 11,399.00
Net Change in Cash -11,759.00 -104,638.00 -63,073.00 -340,213.00 -163,878.00 94,924.00 317,875.00 -503,125.00 315,535.00 232,535.00 132,064.00 379,740.00 -429,617.00 -426,875.00 -239,132.00 -525,136.00 -157,072.00 479,249.00 -42,565.00
   Cash at Beginning of Period 309,776.00 309,776.00 309,776.00 649,989.00 401,068.00 401,068.00 401,068.00 904,193.00 224,060.00 224,060.00 224,060.00 -155,680.00 939,944.00 939,944.00 939,944.00 1,465,080.00 1,185,468.00 1,185,468.00 1,185,468.00
   Cash at End of Period 298,017.00 205,138.00 246,703.00 309,776.00 237,190.00 495,992.00 718,943.00 401,068.00 539,595.00 456,595.00 356,124.00 224,060.00 510,327.00 513,069.00 700,812.00 939,944.00 1,028,396.00 1,664,717.00 1,142,903.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0