Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -6.50 -0.89 -26.92 -38.10
Price to Sales 2600.00 9.61 42.11
Book Value Per Common Share -0.69 -0.61 0.13 0.46 -0.03
Price to Book -4.52 -6.12 76.03 51.98 -580.51
Price to Operating Cash Flow 4.91 -0.69 -46.56 -51.02 -26.50
Price to Free Cash Flow 5.50 -0.68 -46.41 -51.00 -26.49
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Price to Earnings -7.50 -5.31 -5.78 -5.89 -138.67 -178.80
Price to Sales 10500.00 -995.83 1.98 -427.40 661.22
Book Value Per Common Share 0.21 -1.41 -1.08 -0.69 -0.17 0.06 0.13 0.37 0.46 0.07 -0.03
Price to Book 9.91 -1.70 -2.67 -4.52 -18.65 216.29 76.03 48.60 51.98 294.34 -580.51
Price to Operating Cash Flow -60.52 -3.91 -4.63 5.19 -4.67 -66.21 -121.63 -114.51
Price to Free Cash Flow -43.39 -4.03 -4.50 5.82 -4.90 -121.55
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 -99.65 -85.96
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Earning YoY
Revenue YoY
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 1.85 1.44 0.41 0.85 0.11
Quick Ratio 0.74 0.56 1.15 3.29 0.67
Current Ratio 0.85 0.86 1.36 3.44 0.91
Debt to Equity -4.68 -5.22 2.94 0.44 -7.56
Long-Term Debt to Equity -1.08 -1.16 0.10 0.03 -0.90
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Cash Per Common Share 1.81 0.57 1.18 1.80 1.32 0.23 0.41 0.47 0.62 0.16 0.11
Quick Ratio 1.11 0.27 0.49 0.74 0.89 0.91 1.15 2.50 3.29 1.30 0.67
Current Ratio 1.18 0.34 0.56 0.85 1.14 1.21 1.36 2.92 3.44 1.57 0.91
Debt to Equity 9.76 -2.02 -2.95 -4.68 -13.17 5.11 2.94 0.59 0.44 2.23 -7.56
Long-Term Debt to Equity 2.34 -0.51 -0.73 -1.08 -4.30 0.21 0.10 0.06 0.03 0.35 -0.90

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -18.34 -141.72 -70.61 -69.34 -362.89
ROE 67.42 597.53 -278.50 -99.85 2379.09
Gross Margin
Operating Margin -239692.20 -1101.89 -154.74
EBITDA Margin -239259.61 -1100.53 -154.62
Net Profit Margin -41430.90 -1074.17 -154.74
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
ROA -11.59 -30.94 -23.52 -24.91 -26.04 -26.48 -17.08 -69.63
ROE -124.66 31.54 45.78 91.59 316.78 -161.77 -27.20 -224.77
Gross Margin 100.00 100.00
Operating Margin -162340.76 -11228.68
EBITDA Margin -141036.34 -11205.31
Net Profit Margin -157505.13 -34.21 -11279.42

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 2023-03-31 2022-12-31 2022-03-31 2021-12-31 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 22,101.13 21,282.22 43,826.38 55,807.18 7,550.71
   Current Assets 18,447.86 17,543.54 43,038.75 55,296.02 6,983.91
      Cash and Short-Term Investments 15,698.17 10,476.06 34,669.61 51,674.09 4,669.47
            Cash and Cash Equivalents 15,698.17 10,476.06 34,669.61 51,674.09 4,669.47
            Short-Term Investments 0 0 0 0 0
      Net Receivables 229.98 949.21 1,703.16 1,145.32 460.17
      Inventory 0 0 0 0 0
      Other Current Assets 2,519.71 6,118.27 6,665.99 2,476.61 1,854.28
   Non-Current Assets 3,653.27 3,738.68 787.63 511.16 566.80
      Property, Plant, Equipment Net 2,542.67 1,975.61 522.91 26.04 37.93
      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 0 264.72 485.12 528.87
Liabilities 28,113.22 26,329.85 32,714.27 17,052.86 8,702.44
   Current Liabilities 21,609.01 20,480.44 31,623.93 16,052.86 7,660.60
      Payables and Expenses 3,693.14 5,469.14 10,894.02 3,136.24 3,359.72
            Account Payables 1,455.83 3,385.55 2,027.95 2,103.08 1,021.33
            Current Accrued Liabilities 1,987.68 1,809.90 10,894.02 3,136.24 3,359.72
      Short-Term Debt 548.64 468.73 398.39 270.55 715.00
      Other Current Liabilities 17,367.24 14,542.57 20,331.52 12,646.07 3,585.89
   Non-Current Liabilities 6,504.21 5,849.42 1,090.35 1,000.00 1,041.84
      Long-Term Debt 754.38 935.74 90.35 0 42.00
      Other Non-Current Liabilities 5,749.82 4,913.68 1,000.00 0 999.84
Equity -6,012.09 -5,047.64 11,112.11 38,754.32 -1,151.73
   Shareholders Equity -6,012.09 -5,047.64 11,112.11 38,754.32 -1,151.73
      Capital Stock 0.87 0.83 8.48 8.39 4.16
      Share Premium 169,705.48 166,548.45 152,529.58 149,027.80 70,366.29
      Retained Earnings -175,289.63 -171,236.03 -141,074.64 -110,126.90 -71,430.80
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -428.81 -360.90 -351.31 -154.97 -91.39
   Minority Interest 0 0 0 0 0
Debt 1,303.02 1,404.47 488.74 270.55 715.00
Common Shares Outstanding 8,700.39 8,331.16 84,825.48 83,944.12 41,596.25
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 9.78 2,807.89 20,000.00 0 0
Interest Expense 0 0 0.00 0.00 0.00
Non-Interest Expense 9,156.06 12,109.69 0 0 0
Operating Expenses 23,461.27 33,747.76 41,385.49 39,068.51 27,402.26
   Selling, General and Administrative Expenses 9,156.06 12,109.69 11,243.27 8,350.94 6,549.51
   Research and Development Expenses 14,205.21 21,538.07 31,642.22 30,617.57 20,769.42
   Other Operating Expenses 100.00 100.00 -1,500.00 100.00 83.33
Operating Income -23,451.49 -30,939.88 -31,385.49 -39,068.51 -27,402.26
Net Non-Operating Income -981.49 778.49 437.49 372.51 1.26
EBT -4,053.60 -30,161.39 -30,948.00 -38,696.00 -27,401.00
Income Tax 0 0 0.00 0.00 0.00
Net Income Including Non-Controlling Interests -4,053.60 -30,161.39 0 0 0
Net Income -4,053.60 -30,161.39 -30,947.74 -38,696.11 -27,400.74
EBIT -23,451.49 -30,939.88 -30,948.00 -38,696.00 -27,401.00
Deprecation and Amortization 42.33 38.36 24.20 26.41 43.23
EBITDA -23,409.16 -30,901.52 -30,923.80 -38,669.59 -27,357.77
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 8,497.46 7,275.31 84,571.80 61,154.16 0
Average Shares Outstanding Diluted 8,497.46 7,275.31 84,571.80 61,154.16 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 5,394.25 -38,856.65 -18,088.43 -28,764.04 -25,234.92
   Operating Net Income -4,053.60 -30,161.39 -30,947.74 -38,696.11 -27,400.74
   Deprecation and Amortization 42.33 38.36 24.20 26.41 43.23
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 2,203.26 2,530.68 2,158.51 1,599.69 742.03
   Change in Working Capital 5,813.74 -10,426.89 2,939.07 -250.73 1,997.85
   Other Operating Activities 1,388.52 -837.42 7,737.52 8,556.70 -617.29
Investing Cash Flow -573.05 -629.43 -63.07 -14.52 -17.62
   Capital Expenditure 0 0 -63.07 -14.52 -17.62
   Net Purchase/Sale of PPE -573.05 -629.43 -63.07 -14.52 -17.62
   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 0 63.07 14.52 17.62
Financing Cash Flow 433.83 15,637.12 1,343.35 75,846.77 25,130.67
   Net Issuance/Repayment of Debt -17.56 267.19 0 0 367.29
   Net Issuance/Repurchase of Equity 453.58 9,346.66 124.60 32.53 22,977.41
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -2.19 6,023.27 1,218.75 75,814.24 1,785.98
Net Change in Cash 5,255.03 -23,848.96 -17,004.48 47,004.62 -110.64
   Cash at Beginning of Period 10,811.06 34,669.61 51,704.48 4,669.47 4,780.11
   Cash at End of Period 15,998.17 10,811.06 34,700.00 51,674.09 4,669.47
Free Cash Flow 4,821.20 -39,486.08 -18,151.50 -28,778.56 -25,252.55
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Assets 30,748.57 12,979.52 18,618.94 22,101.13 18,058.80 30,366.68 43,826.38 49,186.58 55,807.18 10,518.45 7,550.71
   Current Assets 25,004.18 6,602.42 11,822.55 18,447.86 14,946.27 29,511.95 43,038.75 47,817.19 55,296.02 9,599.08 6,983.91
      Cash and Short-Term Investments 23,075.26 5,035.01 10,329.97 15,698.17 11,232.61 19,829.40 34,669.61 39,316.91 51,674.09 7,660.15 4,669.47
            Cash and Cash Equivalents 23,075.26 5,035.01 10,329.97 15,698.17 11,232.61 19,829.40 34,669.61 39,316.91 51,674.09 7,660.15 4,669.47
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 369.16 188.12 105.23 229.98 518.89 2,398.71 1,703.16 1,729.85 1,145.32 301.83 460.17
      Inventory 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 1,559.76 1,379.30 1,387.35 2,519.71 3,194.78 7,283.84 6,665.99 6,770.43 2,476.61 1,637.09 1,854.28
   Non-Current Assets 5,744.39 6,377.11 6,796.39 3,653.27 3,112.53 854.73 787.63 1,369.39 511.16 919.38 566.80
      Property, Plant, Equipment Net 4,726.02 5,307.21 2,567.98 2,542.67 2,034.09 423.40 522.91 25.37 26.04 31.52 37.93
      Goodwill 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 1,018.37 1,069.90 4,228.41 1,110.59 1,078.44 431.33 264.72 1,344.03 485.12 887.86 528.87
Liabilities 27,890.67 25,712.78 28,182.64 28,113.22 19,543.28 25,395.08 32,714.27 18,307.67 17,052.86 7,260.22 8,702.44
   Current Liabilities 21,216.39 19,221.14 21,188.07 21,609.01 13,155.73 24,337.95 31,623.93 16,394.56 16,052.86 6,108.43 7,660.60
      Payables and Expenses 4,169.79 4,286.20 3,654.81 3,693.14 2,899.54 8,175.81 10,894.02 6,368.72 3,136.24 3,991.56 3,359.72
            Account Payables 1,844.86 1,762.60 1,883.14 1,455.83 1,048.68 2,695.61 2,027.95 2,830.87 2,103.08 1,471.63 1,021.33
            Current Accrued Liabilities 2,324.93 2,523.60 1,771.67 1,987.68 1,850.86 5,480.20 10,894.02 3,537.86 3,136.24 2,519.93 3,359.72
      Short-Term Debt 2,478.79 2,420.09 2,411.30 548.64 505.82 335.76 398.39 294.47 270.55 444.45 715.00
      Other Current Liabilities 14,567.81 12,514.84 15,121.96 17,367.24 9,750.36 15,826.37 20,331.52 9,731.36 12,646.07 1,672.43 3,585.89
   Non-Current Liabilities 6,674.28 6,491.64 6,994.57 6,504.21 6,387.56 1,057.13 1,090.35 1,913.11 1,000.00 1,151.79 1,041.84
      Long-Term Debt 453.75 612.62 1,253.23 754.38 897.79 57.13 90.35 913.11 0 151.79 42.00
      Other Non-Current Liabilities 6,220.52 5,879.02 5,741.34 5,749.82 5,489.77 1,000.00 1,000.00 1,000.00 0 1,000.00 999.84
Equity 2,857.90 -12,733.26 -9,563.70 -6,012.09 -1,484.48 4,971.60 11,112.11 30,878.91 38,754.32 3,258.23 -1,151.73
   Shareholders Equity 2,857.90 -12,733.26 -9,563.70 -6,012.09 -1,484.48 4,971.60 11,112.11 30,878.91 38,754.32 3,258.23 -1,151.73
      Capital Stock 1.39 0.90 0.89 0.87 0.85 8.62 8.48 8.39 8.39 4.73 4.16
      Share Premium 190,499.66 171,353.08 170,519.07 169,705.48 168,660.52 154,453.44 152,529.58 149,560.21 149,027.80 82,106.17 70,366.29
      Retained Earnings -187,247.19 -183,684.42 -179,667.94 -175,289.63 -169,783.23 -149,117.14 -141,074.64 -118,525.57 -110,126.90 -78,754.44 -71,430.80
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -395.97 -402.83 -415.72 -428.81 -362.62 -373.32 -351.31 -164.12 -154.97 -98.23 -91.39
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0
Debt 2,932.55 3,032.71 3,664.53 1,303.02 1,403.61 392.89 488.74 1,207.59 270.55 596.23 715.00
Common Shares Outstanding 13,479.50 9,030.39 8,850.39 8,700.39 8,546.36 86,179.00 84,825.48 83,944.12 83,944.12 47,312.82 41,596.25
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2023-03-31 2022-03-31 2021-03-31
Revenues 2.26 -21.17 12,800.00 -63.65 41.69 0 0 0 0
Interest Expense 0 0 0.00 0 0 0 0.00 0.00 0.00
Non-Interest Expense 2,499.24 2,377.87 0 1,921.08 2,041.27 0 0 0 0
Gross Profit 2.26 -21.17 0 0 41.69 22.44 0 0 0
Operating Expenses 3,674.41 3,806.63 4,606.55 5,332.22 4,723.04 0 8,382.65 8,400.45 7,693.53
   Selling, General and Administrative Expenses 2,499.24 2,377.87 2,309.16 1,921.08 2,041.27 0 3,337.43 2,569.99 1,940.33
   Research and Development Expenses 1,175.17 1,428.76 3,797.38 3,311.14 2,681.77 0 5,020.22 5,805.46 5,728.21
   Other Operating Expenses 0 0 -1,500.00 0 0 0 25.00 25.00 25.00
Operating Income -3,672.15 -3,827.80 -4,581.12 -5,388.20 -4,681.35 0 -8,382.65 -8,400.45 -7,693.53
Net Non-Operating Income 109.38 -188.68 0 -118.20 -21.15 0 0 0 0
EBT -3,562.77 -4,016.48 0 -5,506.40 -4,702.50 0 0 0 0
Income Tax 0 0 0.00 0 0 0 0.00 0.00 0.00
Net Income Including Non-Controlling Interests -3,562.77 -4,016.48 0 -5,506.40 -4,702.50 0 0 0 0
Net Income -3,562.77 -4,016.48 -4,378.31 -5,506.40 -4,702.50 0 -8,042.50 -8,398.67 -7,323.64
EBIT -3,672.15 -3,827.80 0 -5,388.20 -4,681.35 0 0 0 0
Deprecation and Amortization 481.91 460.07 158.11 6.37 9.74 0 9.51 5.23 6.41
EBITDA -3,190.24 -3,367.72 0 -5,381.83 -4,671.61 0 0 0 0
EPS -0.00 -0.00 -0.00 0 -0.00 0.00 -0.00 -0.00 0
Diluted EPS -0.00 -0.00 -0.00 0 -0.00 0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 12,755.11 8,871.16 8,759.05 0 8,534.43 8,411.24 85,517.54 83,944.12 0
Average Shares Outstanding Diluted 12,755.11 8,871.16 8,759.05 0 8,534.43 8,476.23 85,517.54 83,944.12 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-03-31 2022-03-31 2021-03-31
Operating Cash Flow -442.13 -5,417.46 -5,470.54 5,226.61 -5,924.09 -16,117.57 -12,343.47 -8,377.01
   Operating Net Income -3,562.77 -4,016.48 -4,378.31 -5,506.40 -4,702.50 -8,042.50 -8,398.67 -7,323.64
   Deprecation and Amortization 481.91 460.07 158.11 6.37 9.74 9.51 5.23 6.41
   Deferred Income Tax 0 0 0 0 0 0 0 0
   Share Based Compensation 403.03 359.02 377.36 489.26 523.58 624.62 532.41 365.91
   Change in Working Capital 1,918.38 -2,475.81 -316.34 9,991.54 -1,917.04 -6,226.10 -3,748.95 -11.37
   Other Operating Activities 317.31 255.74 -1,311.36 245.84 162.13 -2,483.10 -733.49 -1,414.32
Investing Cash Flow -174.70 153.40 -157.33 -562.85 282.32 0 -4.55 0
   Capital Expenditure 0 0 -157.33 0 0 0.00 -4.55 0.00
   Net Purchase/Sale of PPE -174.70 153.40 -157.33 -562.85 282.32 0 -4.55 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0
   Other Investing Activities 0.00 0.00 157.33 0.00 0.00 0 4.55 0
Financing Cash Flow 18,650.23 -43.79 246.58 -132.01 436.44 1,299.38 0 11,374.54
   Net Issuance/Repayment of Debt -93.81 -521.26 -187.22 -187.22 436.85 0 0 0
   Net Issuance/Repurchase of Equity 18,744.04 475.01 0 55.49 0 1,300.00 0 0
   Dividends Paid 0 0 0 0 0 0 0 0
   Other Financing Activities 0.00 2.45 433.80 -0.28 -0.41 -0.62 0 11,374.54
Net Change in Cash 18,033.40 -5,307.85 -5,368.21 4,531.75 -5,205.32 -14,840.20 -12,357.18 2,990.68
   Cash at Beginning of Period 5,335.01 10,629.97 15,998.17 11,532.61 16,714.99 34,669.61 51,674.09 4,709.32
   Cash at End of Period 23,375.26 5,335.01 10,629.97 15,998.17 11,532.61 19,829.40 39,316.91 7,700.00
Free Cash Flow -616.84 -5,264.06 -5,627.87 4,663.76 -5,641.76 0 -12,348.03 0