Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -8.94 -15.32 -10.58
Price to Sales 0.29 1.07 0.04 54.88
Book Value Per Common Share -2.29 -7.60 -2.28 2.88 1.60
Price to Book -20.54 -10.98 -20.14 15.85
Price to Operating Cash Flow -0.01 -0.02 -0.01 -27.12
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 2021-12-31 2020-12-31
Price to Earnings -10.90 -13.27 -29.55 -13.20 -20.60 -52.71 -7.24 -11.99 -25.50 -17.00 -30.70
Price to Sales 0.09 0.06 3.02 3.75 5.22 8.56 0.48 0.57 0.73 0.05 0.04
Book Value Per Common Share -8735.10 -6198.07 -4496.57 -2.29 -253.08 1023.93 -7773.64 -7.60 -9173.60 -6979.08 -4813.16 -2.28 -362.31 1305.13 2.88 1.60
Price to Book -0.01 -0.01 -0.01 -20.54 -0.21 0.05 -0.01 -10.98 0.00 0.00 -0.01 -20.14 -0.13 0.03 15.85
Price to Operating Cash Flow -0.02 -0.02 -0.04 -0.02 -0.03 -0.06 -0.01 -0.01 -0.03 -0.02 -0.03
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 145.34 -92.04 34.30 26.15
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 2021-12-31 2020-12-31
Earning YoY
Revenue YoY 2.83 4228.56 -89.47 40.64 31.74 6.90 18.79 2.79 7749.83
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 10904.72 6790.02 9232.40 7.36 7.05
Quick Ratio 6.98 6.40 9.80 9.43 16.34
Current Ratio 6.17 6.12 9.40 7.45 15.20
Debt to Equity -11.35 -3.13 -10.40 2.45 3.71
Long-Term Debt to Equity -10.03 -2.87 -9.62 2.16 3.43
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 2021-12-31 2020-12-31
Cash Per Common Share 10895.35 8404.84 9283.01 10.33 11825.49 13205.93 6223.26 6.45 5798.30 6207.77 7401.96 8.74 9838.02 6864.86 7.36 7.05
Quick Ratio 9.17 7.76 6.91 6.98 11.84 7.16 6.40 7.20 9.06 9.39 9.80 11.37 8.81 9.43 16.34
Current Ratio 6.88 6.76 5.99 6.17 9.28 10.39 7.19 6.12 7.22 8.94 9.05 9.40 11.56 9.01 7.45 15.20
Debt to Equity -3.76 -4.32 -5.74 -11.35 -104.23 13.04 -3.04 -3.13 -2.69 -3.34 -4.89 -10.40 -68.34 5.93 2.45 3.71
Long-Term Debt to Equity -3.48 -3.97 -5.15 -10.03 -96.34 12.09 -2.82 -2.87 -2.51 -3.14 -4.56 -9.62 -63.56 5.33 2.16 3.43

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA
ROE
Gross Margin
Operating Margin -2419.69 -5846.88 -301.36 -233.92 -121.36
EBITDA Margin -2368.10 -5688.95 -295.21 -230.68 -118.08
Net Profit Margin
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 2021-12-31 2020-12-31
ROA -41.90 -24.13 -30.61 -18.31 -52.57 -33.33 -23.38 -14.16
ROE 115.51 80.21 3159.41 -256.99 88.73 78.03 1574.61 -98.07
Gross Margin
Operating Margin -520.23 -322.59 -8988.60 -21456.04 -19736.91 -13319.64 -5592.39 -4002.04 -2408.13 -186.21 -84.89
EBITDA Margin -509.89 -315.88 -8842.94 -20993.99 -19306.27 -13040.48 -5497.52 -3934.47 -2368.07 -181.73 -81.84
Net Profit Margin -856.42 -432.71 -28410.21 -25360.09 -6646.43 -4743.18 -271.59 -121.25

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 2021-12-31 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 1,401,673.00 824,316.00 1,014,775.00 841,319.00 533,803.00
   Current Assets 1,107,940.00 628,051.00 795,186.00 535,672.00 474,221.00
      Cash and Short-Term Investments 1,221,100.00 655,400.00 829,300.00 623,700.00 501,000.00
            Cash and Cash Equivalents 94,857.00 113,024.00 65,582.00 112,666.00 82,985.00
            Short-Term Investments 981,157.00 501,800.00 716,995.00 358,972.00 381,075.00
      Net Receivables 33,150.00 1,583.00 147.00 53,619.00 8,820.00
      Inventory 0 0 0 0 0
      Other Current Assets -146,310.00 -28,932.00 -34,261.00 -141,647.00 -35,599.00
   Non-Current Assets 293,733.00 196,265.00 219,589.00 305,647.00 59,582.00
      Property, Plant, Equipment Net 140,973.00 147,735.00 163,190.00 224,309.00 13,346.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 145,055.00 40,534.00 46,708.00 152,050.00 0
      Non-Current Deferred Assets 0 0 0 18,608.00 0
      Other Non-Current Assets 7,705.00 7,996.00 9,691.00 -89,320.00 46,236.00
Liabilities 1,537,045.00 1,210,639.00 1,122,675.00 597,456.00 420,420.00
   Current Liabilities 179,674.00 102,678.00 84,617.00 71,860.00 31,199.00
      Payables and Expenses 75,692.00 64,148.00 69,707.00 55,457.00 27,365.00
            Account Payables 20,369.00 21,507.00 25,611.00 21,087.00 8,050.00
            Current Accrued Liabilities 55,323.00 42,641.00 44,096.00 34,370.00 19,315.00
      Short-Term Debt 30,498.00 27,971.00 12,829.00 18,563.00 2,785.00
      Other Current Liabilities 73,484.00 10,559.00 2,081.00 -2,160.00 1,049.00
   Non-Current Liabilities 1,357,371.00 1,107,961.00 1,038,058.00 525,596.00 389,221.00
      Long-Term Debt 205,809.00 178,811.00 190,705.00 244,896.00 46,209.00
      Other Non-Current Liabilities 1,151,562.00 929,150.00 847,353.00 280,700.00 343,012.00
Equity -135,372.00 -386,323.00 -107,900.00 243,863.00 113,383.00
   Shareholders Equity -270,744.00 -772,646.00 -215,800.00 243,863.00 113,383.00
      Capital Stock 118.00 102.00 94.00 84.00 70.00
      Share Premium 2,563,876.00 1,725,823.00 1,481,590.00 1,452,268.00 1,105,470.00
      Retained Earnings -2,701,764.00 -2,112,238.00 -1,585,994.00 -1,207,600.00 -992,306.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 2,398.00 -10.00 -3,590.00 -869.00 149.00
   Minority Interest 0 0 0 0 0
Investments 1,126,212.00 542,334.00 763,703.00 511,022.00 381,075.00
Debt 236,307.00 206,782.00 203,534.00 263,459.00 48,994.00
Common Shares Outstanding 118,209.14 101,637.92 94,833.98 84,799.54 71,015.18
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 18,474.00 7,530.00 94,588.00 70,428.00 55,828.00
Operating Expenses 554,722.00 503,735.00 418,790.00 256,741.00 149,771.00
   Selling, General and Administrative Expenses 215,314.00 173,612.00 177,977.00 96,803.00 52,820.00
   Research and Development Expenses 339,408.00 330,123.00 240,813.00 159,938.00 96,951.00
   Other Operating Expenses 0.00 0.00 0.00 0.00 0.00
Operating Income -536,248.00 -496,205.00 -324,202.00 -186,313.00 -93,943.00
Net Non-Operating Income 51,534.00 27,629.00 11,342.00 331.00 5,329.00
Interest Income 0 0 39,214.00 22,240.00 26,163.00
Interest Expense 37,701.00 28,306.00 27,814.00 21,240.00 20,863.00
Net Interest 0 0 11,400.00 1,000.00 5,300.00
EBT -484,714.00 -468,576.00 -312,860.00 -185,982.00 -88,614.00
Income Tax 0.00 0.00 0.00 0.00 0.00
Net Income 0 0 0 0 0
EBIT -447,013.00 -440,270.00 -285,046.00 -164,742.00 -67,751.00
Deprecation and Amortization 9,531.00 11,892.00 5,814.00 2,276.00 1,831.00
EBITDA -437,482.00 -428,378.00 -279,232.00 -162,466.00 -65,920.00
EPS -0.01 -0.01 -0.00 0 0
Diluted EPS -0.01 -0.01 -0.00 0 0
Average Shares Outstanding Basic 111.98 96.52 89.83 0 0
Average Shares Outstanding Diluted 111.98 96.52 89.83 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -395,890.00 -414,333.00 -299,516.00 -142,522.00 8,943.00
   Operating Net Income -589,526.00 -526,244.00 -388,955.00 -215,314.00 -127,290.00
   Deprecation and Amortization 9,531.00 11,892.00 5,814.00 2,276.00 1,831.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 97,840.00 72,065.00 47,853.00 26,832.00 17,620.00
   Change in Working Capital 78,518.00 3,575.00 -124,948.00 74,544.00 93,264.00
   Other Operating Activities 7,747.00 24,379.00 160,720.00 -30,860.00 23,518.00
Investing Cash Flow -553,097.00 239,253.00 -262,134.00 -147,777.00 -196,515.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 3,906.00 1,416.00 11,335.00 48,872.00 11,052.00
   Net Purchase/Sale of Investments Net 2,037,641.00 1,511,091.00 1,459,987.00 951,179.00 686,187.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -2,594,644.00 -1,273,254.00 -1,733,456.00 -1,147,828.00 -893,754.00
Financing Cash Flow 930,611.00 221,317.00 516,166.00 319,980.00 234,124.00
   Net Issuance/Repayment of Debt 9,618.00 858.00 572,181.00 0 0
   Net Issuance/Repurchase of Equity 800,444.00 328,433.00 0 15,144.00 37,734.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 120,549.00 -107,974.00 -56,015.00 304,836.00 196,390.00
Net Change in Cash -18,167.00 46,217.00 -45,484.00 29,681.00 46,552.00
   Cash at Beginning of Period 113,399.00 67,182.00 112,666.00 82,985.00 36,433.00
   Cash at End of Period 95,232.00 113,399.00 67,182.00 112,666.00 82,985.00
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 1,436,557.00 1,225,635.00 1,264,051.00 1,401,673.00 1,436,060.00 1,523,788.00 808,082.00 824,316.00 740,614.00 779,899.00 889,815.00 1,014,775.00 1,075,961.00 771,717.00 856,253.00 841,319.00 827,539.00 564,302.00 577,062.00 533,803.00
   Current Assets 977,349.00 886,542.00 956,053.00 1,107,940.00 1,018,601.00 1,067,810.00 638,704.00 628,051.00 561,416.00 586,575.00 680,629.00 795,186.00 884,275.00 602,250.00 623,526.00 535,672.00 494,941.00 364,229.00 433,117.00 474,221.00
      Cash and Short-Term Investments 1,300,000.00 1,000,000.00 1,100,000.00 1,221,100.00 1,300,000.00 1,400,000.00 634,300.00 655,400.00 554,700.00 592,600.00 704,400.00 829,300.00 867,664.00 586,026.00 608,974.00 623,700.00 477,636.00 350,301.00 425,577.00 501,000.00
            Cash and Cash Equivalents 225,467.00 74,940.00 73,680.00 94,857.00 46,888.00 190,142.00 119,976.00 113,024.00 99,692.00 68,639.00 101,616.00 65,582.00 106,238.00 93,631.00 115,422.00 112,666.00 90,562.00 37,154.00 44,594.00 82,985.00
            Short-Term Investments 737,068.00 783,195.00 864,538.00 981,157.00 964,804.00 866,633.00 498,985.00 501,800.00 439,547.00 497,083.00 562,346.00 716,995.00 761,426.00 492,395.00 493,552.00 358,972.00 387,074.00 313,147.00 380,983.00 381,075.00
      Net Receivables 3,608.00 16,710.00 4,012.00 33,150.00 444.00 0 1,634.00 1,583.00 4,999.00 1,985.00 2,006.00 147.00 2,294.00 2,973.00 7,156.00 53,619.00 1,244.00 5,401.00 9,014.00 8,820.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets -326,259.00 -130,168.00 -147,959.00 -146,310.00 -281,843.00 -332,190.00 2,770.00 -28,932.00 1,717.00 -8,010.00 -25,777.00 -34,261.00 14,317.00 13,251.00 7,396.00 -141,647.00 16,061.00 8,527.00 -1,474.00 -35,599.00
   Non-Current Assets 459,208.00 339,093.00 307,998.00 293,733.00 417,459.00 455,978.00 169,378.00 196,265.00 179,198.00 193,324.00 209,186.00 219,589.00 191,686.00 169,467.00 232,727.00 305,647.00 332,598.00 200,073.00 143,945.00 59,582.00
      Property, Plant, Equipment Net 158,581.00 148,739.00 147,014.00 140,973.00 140,566.00 142,938.00 146,188.00 147,735.00 155,543.00 158,114.00 160,661.00 163,190.00 155,378.00 150,747.00 226,286.00 224,309.00 212,521.00 197,848.00 180,785.00 13,346.00
      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 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 288,817.00 178,201.00 150,687.00 145,055.00 269,168.00 305,361.00 15,376.00 40,534.00 15,468.00 26,871.00 40,406.00 46,708.00 28,544.00 10,668.00 77,083.00 152,050.00 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18,608.00 0 0 0 0
      Other Non-Current Assets 11,810.00 12,153.00 10,297.00 7,705.00 7,725.00 7,679.00 7,814.00 7,996.00 8,187.00 8,339.00 8,119.00 9,691.00 7,764.00 8,052.00 -70,642.00 -89,320.00 120,077.00 2,225.00 -36,840.00 46,236.00
Liabilities 1,957,680.00 1,594,355.00 1,530,464.00 1,537,045.00 1,449,971.00 1,415,238.00 1,204,242.00 1,210,639.00 1,179,415.00 1,113,014.00 1,118,835.00 1,122,675.00 1,091,938.00 660,303.00 739,992.00 597,456.00 578,519.00 547,813.00 509,216.00 420,420.00
   Current Liabilities 142,144.00 131,064.00 159,726.00 179,674.00 109,812.00 102,777.00 88,855.00 102,678.00 77,723.00 65,617.00 75,220.00 84,617.00 76,496.00 66,843.00 66,847.00 71,860.00 80,868.00 61,766.00 35,930.00 31,199.00
      Payables and Expenses 83,717.00 68,543.00 57,300.00 75,692.00 61,407.00 49,283.00 53,090.00 64,148.00 46,750.00 44,031.00 52,989.00 69,707.00 54,658.00 50,780.00 49,313.00 55,457.00 47,994.00 37,322.00 22,572.00 27,365.00
            Account Payables 22,084.00 16,228.00 13,942.00 20,369.00 11,581.00 9,470.00 12,967.00 21,507.00 13,796.00 12,561.00 17,357.00 25,611.00 14,429.00 14,078.00 19,836.00 21,087.00 16,222.00 14,928.00 7,766.00 8,050.00
            Current Accrued Liabilities 61,633.00 52,315.00 43,358.00 55,323.00 49,826.00 39,813.00 40,123.00 42,641.00 32,954.00 31,470.00 35,632.00 44,096.00 40,229.00 36,702.00 29,477.00 34,370.00 31,772.00 22,394.00 14,806.00 19,315.00
      Short-Term Debt 37,927.00 33,985.00 32,534.00 30,498.00 30,376.00 30,027.00 29,750.00 27,971.00 17,236.00 15,701.00 14,263.00 12,829.00 16,056.00 14,303.00 18,190.00 18,563.00 34,161.00 27,140.00 14,620.00 2,785.00
      Other Current Liabilities 20,500.00 28,536.00 69,892.00 73,484.00 18,029.00 23,467.00 6,015.00 10,559.00 13,737.00 5,885.00 7,968.00 2,081.00 5,782.00 1,760.00 -656.00 -2,160.00 -1,287.00 -2,696.00 -1,262.00 1,049.00
   Non-Current Liabilities 1,815,536.00 1,463,291.00 1,370,738.00 1,357,371.00 1,340,159.00 1,312,461.00 1,115,387.00 1,107,961.00 1,101,692.00 1,047,397.00 1,043,615.00 1,038,058.00 1,015,442.00 593,460.00 673,145.00 525,596.00 497,651.00 486,047.00 473,286.00 389,221.00
      Long-Term Debt 269,402.00 270,086.00 205,378.00 205,809.00 207,769.00 209,549.00 175,376.00 178,811.00 183,101.00 186,321.00 189,451.00 190,705.00 177,949.00 175,076.00 258,488.00 244,896.00 30,203.00 35,538.00 211,807.00 46,209.00
      Other Non-Current Liabilities 1,546,134.00 1,193,205.00 1,165,360.00 1,151,562.00 1,132,390.00 1,102,912.00 940,011.00 929,150.00 918,591.00 861,076.00 854,164.00 847,353.00 837,493.00 418,384.00 414,657.00 280,700.00 467,448.00 450,509.00 261,479.00 343,012.00
Equity -521,123.00 -368,720.00 -266,413.00 -135,372.00 -13,911.00 108,550.00 -396,160.00 -386,323.00 -438,801.00 -333,115.00 -229,020.00 -107,900.00 -15,977.00 111,414.00 116,261.00 243,863.00 249,020.00 16,489.00 67,846.00 113,383.00
   Shareholders Equity -1,042,246.00 -737,440.00 -532,826.00 -270,744.00 -27,822.00 108,550.00 -792,320.00 -772,646.00 -877,602.00 -666,230.00 -458,040.00 -215,800.00 -31,954.00 111,414.00 116,261.00 243,863.00 249,020.00 16,489.00 67,846.00 113,383.00
      Capital Stock 122.00 119.00 119.00 118.00 118.00 117.00 105.00 102.00 94.00 94.00 94.00 94.00 93.00 85.00 85.00 84.00 84.00 72.00 71.00 70.00
      Share Premium 2,782,409.00 2,628,829.00 2,595,063.00 2,563,876.00 2,532,328.00 2,500,654.00 1,852,155.00 1,725,823.00 1,537,321.00 1,514,169.00 1,489,814.00 1,481,590.00 1,438,103.00 1,422,127.00 1,406,249.00 1,452,268.00 1,426,051.00 1,117,403.00 1,107,135.00 1,105,470.00
      Retained Earnings -3,303,688.00 -2,997,510.00 -2,863,140.00 -2,701,764.00 -2,551,744.00 -2,391,199.00 -2,247,881.00 -2,112,238.00 -1,975,342.00 -1,845,920.00 -1,717,283.00 -1,585,994.00 -1,448,614.00 -1,306,304.00 -1,286,484.00 -1,207,600.00 -1,177,100.00 -1,101,000.00 -1,039,400.00 -992,306.00
      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 34.00 -158.00 1,545.00 2,398.00 5,387.00 -1,022.00 -539.00 -10.00 -874.00 -1,458.00 -1,645.00 -3,590.00 -5,559.00 -4,494.00 -3,589.00 -869.00 -65.00 -22.00 50.00 149.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1,025,885.00 961,396.00 1,015,225.00 1,126,212.00 1,233,972.00 1,171,994.00 514,361.00 542,334.00 455,015.00 523,954.00 602,752.00 763,703.00 789,970.00 503,063.00 570,635.00 511,022.00 387,074.00 313,147.00 380,983.00 381,075.00
Debt 307,329.00 304,071.00 237,912.00 236,307.00 238,145.00 239,576.00 205,126.00 206,782.00 200,337.00 202,022.00 203,714.00 203,534.00 194,005.00 189,379.00 276,678.00 263,459.00 64,364.00 62,678.00 226,427.00 48,994.00
Common Shares Outstanding 0 0 0 118,209.14 0 0 0 101,637.92 0 0 0 94,833.98 0 0 0 84,799.54 0 0 0 71,015.18
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 70,284.00 68,348.00 1,579.00 14,992.00 1,547.00 1,100.00 835.00 -8,421.00 5,858.00 5,480.00 4,613.00 -89,307.00 92,631.00 90,116.00 1,148.00 39,661.00 14,828.00 9,391.00 6,548.00
Operating Expenses 504,176.00 335,485.00 157,210.00 -228,594.00 398,755.00 257,491.00 127,070.00 -251,998.00 374,645.00 252,002.00 129,086.00 -128,865.00 289,803.00 178,847.00 79,005.00 -74,654.00 179,437.00 104,799.00 47,159.00
   Selling, General and Administrative Expenses 192,548.00 123,090.00 57,369.00 -79,486.00 152,976.00 96,324.00 45,500.00 -94,938.00 129,498.00 89,387.00 49,665.00 -54,887.00 124,008.00 75,786.00 33,070.00 -18,587.00 62,997.00 36,795.00 15,598.00
   Research and Development Expenses 311,628.00 212,395.00 99,841.00 -149,108.00 245,779.00 161,167.00 81,570.00 -157,060.00 245,147.00 162,615.00 79,421.00 -73,978.00 165,795.00 103,061.00 45,935.00 -56,067.00 116,440.00 68,004.00 31,561.00
   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 -433,892.00 -267,137.00 -155,631.00 243,602.00 -397,208.00 -256,407.00 -126,235.00 243,577.00 -368,787.00 -246,522.00 -124,473.00 39,558.00 -197,172.00 -88,731.00 -77,857.00 114,315.00 -164,609.00 -95,408.00 -40,611.00
Net Non-Operating Income 36,950.00 26,702.00 13,701.00 -12,365.00 36,520.00 19,466.00 7,913.00 -12,043.00 20,043.00 13,204.00 6,425.00 4,225.00 5,423.00 1,279.00 415.00 -1,144.00 708.00 477.00 290.00
Interest Income 0 0 0 0 0 0 0 0 0 0 0 -3,542.00 24,657.00 12,253.00 5,846.00 -10,731.00 16,522.00 10,961.00 5,488.00
Interest Expense 31,305.00 19,952.00 0.00 -18,000.00 28,763.00 19,835.00 7,103.00 -13,803.00 21,142.00 14,006.00 6,961.00 -7,842.00 19,257.00 10,953.00 5,446.00 -10,231.00 15,822.00 10,461.00 5,188.00
Net Interest 0 0 0 0 0 0 0 0 0 0 0 4,300.00 5,400.00 1,300.00 400.00 -500.00 700.00 500.00 300.00
EBT -396,942.00 -240,435.00 -141,930.00 231,237.00 -360,688.00 -236,941.00 -118,322.00 231,534.00 -348,744.00 -233,318.00 -118,048.00 43,783.00 -191,749.00 -87,452.00 -77,442.00 113,171.00 -163,901.00 -94,931.00 -40,321.00
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 -601,924.00 -295,746.00 0 0 -439,506.00 -278,961.00 0 0 -389,348.00 -259,926.00 0 0 -251,575.00 -109,265.00 0 0 -184,744.00 -108,658.00 0
EBIT -365,637.00 -220,483.00 -141,930.00 213,237.00 -331,925.00 -217,106.00 -111,219.00 217,731.00 -327,602.00 -219,312.00 -111,087.00 35,941.00 -172,492.00 -76,499.00 -71,996.00 102,940.00 -148,079.00 -84,470.00 -35,133.00
Deprecation and Amortization 7,264.00 4,585.00 2,300.00 -4,685.00 7,148.00 4,737.00 2,331.00 784.00 5,557.00 3,703.00 1,848.00 -2,431.00 4,156.00 2,748.00 1,341.00 -883.00 1,542.00 1,080.00 537.00
EBITDA -358,373.00 -215,898.00 -139,630.00 208,552.00 -324,777.00 -212,369.00 -108,888.00 218,515.00 -322,045.00 -215,609.00 -109,239.00 33,510.00 -168,336.00 -73,751.00 -70,655.00 102,057.00 -146,537.00 -83,390.00 -34,596.00
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 -0.00 -0.00 0 0.00 0 0 0
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 -0.00 -0.00 0 0.00 0 0 0
Average Shares Outstanding Basic 119.32 118.98 118.50 130.05 109.93 106.01 101.92 99.81 95.67 95.46 95.16 185.74 88.19 85.37 0 0.00 0 0 0
Average Shares Outstanding Diluted 119.32 118.98 118.50 130.05 109.93 106.01 101.92 99.81 95.67 95.46 95.16 185.74 88.19 85.37 0 0.00 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
Operating Cash Flow -367,358.00 -259,853.00 -131,617.00 292,757.00 -330,320.00 -228,820.00 -129,507.00 292,340.00 -340,296.00 -244,091.00 -122,286.00 45,907.00 -201,326.00 -117,286.00 -26,811.00 43,797.00 -97,785.00 -59,015.00 -29,519.00
   Operating Net Income -601,924.00 -295,746.00 -161,376.00 264,584.00 -439,506.00 -278,961.00 -135,643.00 254,319.00 -389,348.00 -259,926.00 -131,289.00 61,330.00 -251,575.00 -109,265.00 -89,445.00 125,192.00 -184,744.00 -108,658.00 -47,104.00
   Deprecation and Amortization 7,264.00 4,585.00 2,300.00 -4,685.00 7,148.00 4,737.00 2,331.00 784.00 5,557.00 3,703.00 1,848.00 -2,431.00 4,156.00 2,748.00 1,341.00 -883.00 1,542.00 1,080.00 537.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 81,780.00 51,084.00 23,549.00 -41,596.00 71,590.00 46,234.00 21,612.00 -29,569.00 52,578.00 33,862.00 15,194.00 -16,667.00 34,355.00 21,180.00 8,985.00 -10,904.00 20,121.00 12,354.00 5,261.00
   Change in Working Capital -59,379.00 -58,302.00 -31,584.00 123,224.00 -14,921.00 -18,158.00 -11,627.00 67,438.00 -22,940.00 -26,843.00 -14,080.00 213,274.00 -133,767.00 -146,844.00 -57,611.00 55,816.00 23,962.00 4,516.00 -9,750.00
   Other Operating Activities 204,901.00 38,526.00 35,494.00 -48,770.00 45,369.00 17,328.00 -6,180.00 -632.00 13,857.00 5,113.00 6,041.00 -209,599.00 145,505.00 114,895.00 109,919.00 -125,424.00 41,334.00 31,693.00 21,537.00
Investing Cash Flow 87,858.00 158,837.00 105,956.00 697,129.00 -663,960.00 -618,907.00 32,641.00 -494,533.00 320,664.00 247,625.00 165,497.00 92,539.00 -291,383.00 989.00 -64,279.00 39,006.00 -195,112.00 13,605.00 -5,276.00
   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 19,163.00 9,809.00 5,664.00 -625.00 2,616.00 1,915.00 0 -1,444.00 1,339.00 1,119.00 402.00 464.00 8,130.00 1,799.00 942.00 -4,290.00 31,118.00 15,418.00 6,626.00
   Net Purchase/Sale of Investments Net 1,547,067.00 937,788.00 434,830.00 -1,262,336.00 1,683,238.00 1,298,788.00 317,951.00 -806,047.00 1,140,195.00 831,486.00 345,457.00 -568,967.00 1,177,175.00 528,862.00 322,917.00 -378,222.00 822,906.00 372,745.00 133,750.00
   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 -1,478,372.00 -788,760.00 -334,538.00 1,960,090.00 -2,349,814.00 -1,919,610.00 -285,310.00 312,958.00 -820,870.00 -584,980.00 -180,362.00 661,042.00 -1,476,688.00 -529,672.00 -388,138.00 421,518.00 -1,049,136.00 -374,558.00 -145,652.00
Financing Cash Flow 413,753.00 83,287.00 4,754.00 -1,026,209.00 928,227.00 924,802.00 103,791.00 177,679.00 52,517.00 -1,702.00 -7,177.00 -161,223.00 486,281.00 97,262.00 93,846.00 23,523.00 300,474.00 -421.00 -3,596.00
   Net Issuance/Repayment of Debt 737,751.00 5,582.00 2,884.00 -1,828.00 6,704.00 3,810.00 932.00 -404.00 636.00 419.00 207.00 -95,760.00 572,076.00 48,066.00 47,799.00 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 0 -987,684.00 800,444.00 800,444.00 187,240.00 325,821.00 2,612.00 0 0 0 0 0 0 15,144.00 0 0 0
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -323,998.00 77,705.00 1,870.00 -36,697.00 121,079.00 120,548.00 -84,381.00 -147,738.00 49,269.00 -2,121.00 -7,384.00 -65,463.00 -85,795.00 49,196.00 46,047.00 8,379.00 300,474.00 -421.00 -3,596.00
Net Change in Cash 133,347.00 -18,681.00 -21,177.00 -36,101.00 -66,136.00 77,118.00 6,952.00 -24,534.00 32,885.00 1,832.00 36,034.00 -22,777.00 -6,428.00 -19,035.00 2,756.00 106,326.00 7,577.00 -45,831.00 -38,391.00
   Cash at Beginning of Period 95,232.00 95,232.00 95,232.00 131,333.00 113,399.00 113,399.00 113,399.00 137,933.00 67,182.00 67,182.00 67,182.00 89,959.00 112,666.00 112,666.00 112,666.00 6,340.00 82,985.00 82,985.00 82,985.00
   Cash at End of Period 228,579.00 76,551.00 74,055.00 95,232.00 47,263.00 190,517.00 120,351.00 113,399.00 100,067.00 69,014.00 103,216.00 67,182.00 106,238.00 93,631.00 115,422.00 112,666.00 90,562.00 37,154.00 44,594.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0