Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -3.12 -7.01 -18.66 -9.57
Price to Sales 1.68 3.24 3.58 12.21
Book Value Per Common Share 8.05 9.99 11.50 12.94
Price to Book 0.97 1.55 1.51 4.57
Price to Operating Cash Flow -23.52 -999.35 -458.99 334.48
Price to Free Cash Flow -10.21 -16.54 -32.63 -160.96
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-06-30 2023-03-31
Price to Earnings -52.67 3.64 -21.71 -405.50 -41.16 -41.07 -150.00
Price to Sales 10.74 8.25 7.40 7.07 15.89 14.74 18.48
Book Value Per Common Share 10.25 10.25 7.95 8.05 8.47 9.59 11.13 11.56
Price to Book 0.92 0.73 0.76 0.97 0.96 1.85 1.55 2.08
Price to Operating Cash Flow -69.97 901.11 -265.77 -207.33 418.12
Price to Free Cash Flow -36.06 -86.37 -107.99 -156.15
Enterprise Value to EBITDA 393828.57 4111711.36

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY -2.09 -1.70 6.59
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-06-30 2023-03-31
Earning YoY
Revenue YoY -2.69 10.76 -27.57 3.80 -4.26 -9.23
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 5.30 9.37 10.68 13.69
Quick Ratio 4.76 10.94 13.88 15.67
Current Ratio 5.29 11.73 14.79 16.26
Debt to Equity 0.75 0.96 0.87 0.73
Long-Term Debt to Equity 0.59 0.87 0.80 0.67
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-06-30 2023-03-31
Cash Per Common Share 8.41 8.48 4.89 5.24 5.52 9.15 10.36 10.81
Quick Ratio 14.84 15.24 3.68 4.76 5.15 10.00 13.61 13.66
Current Ratio 15.77 16.24 5.56 5.29 5.70 10.73 14.54 14.54
Debt to Equity 0.51 0.50 0.75 0.75 0.68 1.00 0.89 0.87
Long-Term Debt to Equity 0.45 0.44 0.57 0.59 0.53 0.89 0.82 0.80

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -16.31 -11.23 -4.36 -25.49
ROE -28.55 -22.00 -8.16 -44.21
Gross Margin 43.62 42.59 43.78 43.38
Operating Margin -97.58 -40.23 -12.20 -120.91
EBITDA Margin -84.11 -28.45 -2.61 -111.81
Net Profit Margin -50.25 -46.12 -19.11 -127.45
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-06-30 2023-03-31
ROA -0.90 13.59 -1.71 -0.17 -2.00 -1.78 -0.53
ROE -1.35 20.41 -3.00 -0.29 -4.00 -3.37 -0.99
Gross Margin 48.21 47.03 45.42 44.80 39.89 43.38 43.10
Operating Margin -13.58 -24.47 -20.01 4.13 -31.77 -28.74 -5.69
EBITDA Margin -6.34 -17.65 -1.38 17.96 -18.09 -16.95 4.51
Net Profit Margin -15.70 231.40 -29.19 -2.11 -34.61 -32.19 -8.87

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 2024-03-31 2023-06-30 2023-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 703,492.00 957,744.00 1,038,746.00 1,112,970.00
   Current Assets 341,571.00 535,112.00 604,176.00 693,516.00
      Cash and Short-Term Investments 261,749.00 456,755.00 523,323.00 628,799.00
            Cash and Cash Equivalents 45,289.00 46,346.00 36,595.00 139,101.00
            Short-Term Investments 216,460.00 410,409.00 486,728.00 489,698.00
      Net Receivables 45,778.00 42,074.00 43,858.00 39,412.00
      Inventory 22,470.00 26,206.00 27,678.00 16,501.00
      Other Current Assets 11,574.00 10,077.00 9,317.00 8,804.00
   Non-Current Assets 361,921.00 422,631.00 434,570.00 419,454.00
      Property, Plant, Equipment Net 136,027.00 117,510.00 90,480.00 69,704.00
      Goodwill 51,660.00 108,403.00 151,117.00 146,954.00
      Intangible Assets 170,464.00 194,382.00 191,009.00 201,427.00
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 868.00 656.00 947.00 419.00
      Other Non-Current Assets 2,902.00 1,680.00 1,017.00 950.00
Liabilities 301,594.00 468,721.00 482,908.00 471,142.00
   Current Liabilities 64,563.00 45,610.00 40,851.00 42,645.00
      Payables and Expenses 27,208.00 35,634.00 34,053.00 36,586.00
            Account Payables 0 26,995.00 28,046.00 28,583.00
            Current Accrued Liabilities 13,093.00 8,639.00 6,007.00 8,003.00
      Short-Term Debt 20,348.00 5,806.00 3,908.00 3,603.00
      Other Current Liabilities 17,007.00 4,170.00 2,890.00 2,456.00
   Non-Current Liabilities 237,031.00 423,111.00 442,057.00 428,497.00
      Long-Term Debt 230,355.00 410,197.00 432,000.00 423,452.00
      Other Non-Current Liabilities 6,676.00 12,914.00 10,057.00 5,045.00
Equity 401,898.00 489,023.00 555,838.00 641,828.00
   Shareholders Equity 401,898.00 489,023.00 555,838.00 641,828.00
      Capital Stock 50.00 26,324.00 18,323.00 10,325.00
      Share Premium 1,145,677.00 1,131,183.00 1,114,896.00 1,100,287.00
      Retained Earnings -757,175.00 -642,419.00 -542,832.00 -467,541.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -20,929.00 -26,065.00 -34,549.00 -1,243.00
   Minority Interest 0 0 0 0
Investments 216,460.00 0 0 0
Debt 250,703.00 416,003.00 435,908.00 427,055.00
Net Debt 0 333,691.00 370,528.00 266,156.00
Common Shares Outstanding 49,908.25 48,971.03 48,334.28 49,616.15
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 228,385.00 233,255.00 237,277.00 222,608.00
Cost Of Revenue 128,754.00 133,923.00 133,404.00 126,031.00
Interest Expense 4,108.00 5,503.00 6,142.00 4,689.00
Non-Interest Expense 0 146,880.00 120,055.00 97,563.00
Gross Profit 99,631.00 99,332.00 103,873.00 96,577.00
Operating Expenses 230,497.00 164,920.00 135,777.00 114,406.00
   Selling, General and Administrative Expenses 148,978.00 146,880.00 120,055.00 97,563.00
   Research and Development Expenses 17,710.00 18,040.00 15,722.00 16,843.00
   Other Operating Expenses 63,809.00 0 0 0
Operating Income -130,866.00 -65,588.00 -31,904.00 -17,829.00
Net Non-Operating Income -96,094.00 5,056.00 -5,522.00 -2,823.00
EBT -226,960.00 -99,348.00 -35,094.00 -273,842.00
Income Tax 1,276.00 239.00 2,239.00 1,686.00
Net Income Including Non-Controlling Interests 0 -99,587.00 -37,333.00 -275,528.00
Net Income -114,756.00 -107,587.00 -45,333.00 -283,724.00
EBIT -222,852.00 -93,845.00 -28,952.00 -269,153.00
Deprecation and Amortization 30,757.00 27,487.00 22,765.00 20,247.00
EBITDA -192,095.00 -66,358.00 -6,187.00 -248,906.00
EPS -0.00 -0.00 -0.00 -0.01
Diluted EPS -0.00 -0.00 -0.00 -0.01
Average Shares Outstanding Basic 49,349.62 48,737.38 48,987.29 45,927.59
Average Shares Outstanding Diluted 49,349.62 48,737.38 48,987.29 45,927.59
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -16,323.00 -757.00 -1,851.00 8,126.00
   Operating Net Income -114,756.00 -99,587.00 -37,333.00 -275,528.00
   Deprecation and Amortization 30,757.00 27,487.00 22,765.00 20,247.00
   Deferred Income Tax -377.00 0 0 0
   Share Based Compensation 19,704.00 22,808.00 20,082.00 15,345.00
   Change in Working Capital -8,232.00 -1,199.00 -32,068.00 -10,330.00
   Other Operating Activities 56,581.00 49,734.00 24,703.00 258,392.00
Investing Cash Flow 176,815.00 36,045.00 -59,681.00 -469,254.00
   Capital Expenditure -21,267.00 0 0 0
   Net Purchase/Sale of PPE -21,267.00 -38,785.00 -22,107.00 -23,882.00
   Net Purchase/Sale of Investments Net 0 87,310.00 -31,930.00 -438,707.00
   Net Purchase/Sale of Business -313.00 -7,341.00 -6,554.00 -5,540.00
   Other Investing Activities 219,662.00 -5,139.00 910.00 -1,125.00
Financing Cash Flow -161,531.00 -23,798.00 -39,174.00 564,342.00
   Net Issuance/Repayment of Debt -163,772.00 -25,276.00 -3,262.00 36,611.00
   Net Issuance/Repurchase of Equity 2,790.00 0 -37,960.00 518,736.00
   Dividends Paid 0 0 0 0
   Other Financing Activities -549.00 1,478.00 2,048.00 8,995.00
Net Change in Cash -1,057.00 11,490.00 -100,706.00 103,214.00
   Cash at Beginning of Period 46,346.00 36,595.00 139,101.00 36,873.00
   Cash at End of Period 45,289.00 46,346.00 36,595.00 139,101.00
Free Cash Flow -37,590.00 -45,657.00 -26,048.00 -16,881.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-06-30 2023-03-31
Assets 774,328.00 773,927.00 699,844.00 703,492.00 701,765.00 942,849.00 1,030,650.00 1,048,109.00
   Current Assets 484,843.00 489,490.00 411,276.00 341,571.00 350,337.00 525,704.00 585,187.00 604,634.00
      Cash and Short-Term Investments 421,314.00 425,975.00 244,031.00 261,749.00 272,666.00 448,544.00 504,674.00 522,614.00
            Cash and Cash Equivalents 255,811.00 243,416.00 36,102.00 45,289.00 44,665.00 49,663.00 67,314.00 38,538.00
            Short-Term Investments 165,503.00 182,559.00 207,929.00 216,460.00 228,001.00 398,881.00 437,360.00 484,076.00
      Net Receivables 34,914.00 33,409.00 28,371.00 45,778.00 43,461.00 41,253.00 43,076.00 45,574.00
      Inventory 23,326.00 23,035.00 23,340.00 22,470.00 23,552.00 25,020.00 28,821.00 26,487.00
      Other Current Assets 5,289.00 7,071.00 115,534.00 11,574.00 10,658.00 10,887.00 8,616.00 9,959.00
   Non-Current Assets 289,485.00 284,437.00 288,568.00 361,921.00 351,428.00 417,145.00 445,463.00 443,475.00
      Property, Plant, Equipment Net 123,457.00 119,771.00 119,583.00 136,027.00 118,394.00 117,037.00 99,019.00 101,529.00
      Goodwill 22,409.00 18,713.00 20,960.00 51,660.00 54,057.00 107,588.00 149,308.00 151,616.00
      Intangible Assets 141,254.00 143,590.00 145,414.00 170,464.00 175,815.00 190,088.00 194,992.00 188,175.00
      Long-Term Investments 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 268.00 267.00 614.00 868.00 1,669.00 758.00 934.00 937.00
      Other Non-Current Assets 2,097.00 2,096.00 1,997.00 2,902.00 1,493.00 1,674.00 1,210.00 1,218.00
Liabilities 261,057.00 258,536.00 301,033.00 301,594.00 283,193.00 470,659.00 486,395.00 487,591.00
   Current Liabilities 30,749.00 30,149.00 74,030.00 64,563.00 61,439.00 48,982.00 40,254.00 41,583.00
      Payables and Expenses 13,884.00 14,756.00 13,442.00 27,208.00 25,194.00 27,376.00 26,124.00 25,860.00
            Account Payables 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 10,864.00 9,400.00 12,681.00 13,093.00 0 14,062.00 8,717.00 10,450.00
      Short-Term Debt 4,554.00 4,316.00 18,476.00 20,348.00 20,728.00 5,767.00 4,486.00 4,264.00
      Other Current Liabilities 12,311.00 11,077.00 42,112.00 17,007.00 15,517.00 15,839.00 9,644.00 11,459.00
   Non-Current Liabilities 230,308.00 228,387.00 227,003.00 237,031.00 221,754.00 421,677.00 446,141.00 446,008.00
      Long-Term Debt 226,306.00 224,207.00 224,192.00 230,355.00 212,638.00 409,172.00 436,483.00 435,756.00
      Other Non-Current Liabilities 4,002.00 4,180.00 2,811.00 6,676.00 9,116.00 12,505.00 9,658.00 10,252.00
Equity 513,271.00 515,391.00 398,811.00 401,898.00 418,572.00 472,190.00 544,255.00 560,518.00
   Shareholders Equity 513,271.00 515,391.00 398,811.00 401,898.00 418,572.00 472,190.00 544,255.00 560,518.00
      Capital Stock 40,325.00 50.00 50.00 50.00 32,324.00 49.00 49.00 48.00
      Share Premium 1,152,249.00 1,150,700.00 1,147,380.00 1,145,677.00 1,141,122.00 1,135,257.00 1,123,180.00 1,118,172.00
      Retained Earnings -675,235.00 -668,235.00 -769,156.00 -757,175.00 -738,498.00 -661,314.00 -566,761.00 -548,406.00
      Treasury Shares 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -4,068.00 -5,399.00 -15,738.00 -20,929.00 -16,376.00 -30,077.00 -34,488.00 0
   Minority Interest 0 0 0 0 0 0 0 0
Investments 165,503.00 182,559.00 207,929.00 216,460.00 0 398,881.00 437,360.00 484,076.00
Debt 230,860.00 228,523.00 242,668.00 250,703.00 233,366.00 414,939.00 440,969.00 440,020.00
Net Debt 0 0 0 0 154,625.00 0 0 0
Common Shares Outstanding 50,068.90 50,278.56 50,137.22 49,908.25 49,430.58 49,256.79 48,879.02 48,501.41
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-06-30 2023-03-31
Revenues 44,233.00 45,454.00 41,040.00 56,664.00 54,592.00 57,021.00 62,817.00
Cost Of Revenue 22,908.00 24,077.00 22,399.00 31,279.00 32,817.00 32,288.00 35,745.00
Interest Expense 526.00 618.00 583.00 889.00 1,338.00 1,331.00 1,509.00
Non-Interest Expense 0 0 0 37,654.00 0 0 0
Gross Profit 21,325.00 21,377.00 18,641.00 25,385.00 21,775.00 24,733.00 27,072.00
Operating Expenses 31,257.00 31,026.00 28,125.00 41,811.00 43,056.00 43,065.00 37,117.00
   Selling, General and Administrative Expenses 26,734.00 26,908.00 24,191.00 37,654.00 38,304.00 38,802.00 33,241.00
   Research and Development Expenses 4,523.00 4,118.00 3,934.00 4,157.00 4,752.00 4,263.00 3,876.00
   Other Operating Expenses 0.00 0.00 0.00 0 0.00 0.00 0.00
Operating Income -9,932.00 -9,649.00 -9,484.00 -16,426.00 -21,281.00 -18,332.00 -10,045.00
Net Non-Operating Income 3,401.00 -2,091.00 690.00 -1,616.00 2,601.00 612.00 4,963.00
EBT -6,531.00 -11,740.00 -8,794.00 1,454.00 -18,680.00 -17,720.00 -5,082.00
Income Tax 165.00 274.00 234.00 649.00 215.00 635.00 492.00
Net Income Including Non-Controlling Interests 0 0 0 805.00 0 0 0
Net Income -6,943.00 105,180.00 -11,981.00 -1,195.00 -18,895.00 -18,355.00 -5,574.00
EBIT -6,005.00 -11,122.00 -8,211.00 2,343.00 -17,342.00 -16,389.00 -3,573.00
Deprecation and Amortization 3,200.00 3,100.00 7,646.00 7,836.00 7,469.00 6,723.00 6,404.00
EBITDA -2,805.00 -8,022.00 -565.00 10,179.00 -9,873.00 -9,666.00 2,831.00
EPS -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
Average Shares Outstanding Basic 50,125.27 50,257.11 49,947.01 49,417.76 49,019.96 48,709.38 48,362.50
Average Shares Outstanding Diluted 50,125.27 50,257.11 49,947.01 49,417.76 49,019.96 48,709.38 48,362.50
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-06-30 2023-03-31
Operating Cash Flow 0 0 -4,342.00 447.00 -3,265.00 -4,054.00 2,774.00
   Operating Net Income 0 0 -11,981.00 805.00 -18,895.00 -18,355.00 -5,574.00
   Deprecation and Amortization 3,200.00 3,100.00 7,646.00 7,836.00 7,469.00 6,723.00 6,404.00
   Deferred Income Tax 0 0 -26.00 0 0 0.00 246.00
   Share Based Compensation 2,526.00 2,045.00 3,064.00 4,838.00 5,456.00 616.00 5,184.00
   Change in Working Capital 0 0 -1,039.00 -1,734.00 1,959.00 -1,157.00 -2,392.00
   Other Operating Activities 0 0 -2,006.00 -11,298.00 746.00 8,119.00 -1,094.00
Investing Cash Flow 0 0 5,922.00 153,570.00 6,445.00 33,678.00 -1,383.00
   Capital Expenditure 0.00 0.00 -4,078.00 0 -4,767.00 0.00 -10,209.00
   Net Purchase/Sale of PPE 0 0 -4,078.00 -4,239.00 -4,767.00 -10,959.00 -10,209.00
   Net Purchase/Sale of Investments Net 0 0 0 158,954.00 0 0.00 2,200.00
   Net Purchase/Sale of Business 0 0 0 -295.00 0 0.00 0
   Net Loan & Lease Activity 0 0 0 0
   Other Investing Activities 0 0 14,078.00 -850.00 15,979.00 44,637.00 16,835.00
Financing Cash Flow 0 0 -189.00 -155,291.00 512.00 1,148.00 71.00
   Net Issuance/Repayment of Debt 0 0 91.00 -155,312.00 70.00 0.00 31.00
   Net Issuance/Repurchase of Equity 0 0 3.00 0 618.00 1,208.00 92.00
   Dividends Paid 0 0 0 0 0 0.00 0
   Other Financing Activities 0 0 -283.00 0 -176.00 -60.00 -52.00
Net Change in Cash 0 0 2,072.00 -1,274.00 3,317.00 28,776.00 1,943.00
   Cash at Beginning of Period 0 0 45,289.00 46,458.00 46,346.00 38,538.00 36,595.00
   Cash at End of Period 255,811.00 243,416.00 47,361.00 44,665.00 49,663.00 67,314.00 38,538.00
Free Cash Flow 0 0 -8,420.00 -4,642.00 -8,032.00 0.00 -7,435.00