Valuation Ratios

Breakdown 2022-12-31 2021-12-31
Price to Earnings -47.11 -41.29
Price to Sales 7.60 9.92
Book Value Per Common Share 13.73 21.89
Price to Book 5.18 4.85
Price to Operating Cash Flow 52.32 271.17
Price to Free Cash Flow
Enterprise Value to EBITDA
Breakdown 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30
Price to Earnings -2376.50 -82.09 -125.07 -306.81 -72.65
Price to Sales 50.08 14.25 20.27 45.19 27.64
Book Value Per Common Share 13.91 13.43 13.45 13.49 17.29 -14.24
Price to Book 10.25 7.09 6.51 7.05 9.62
Price to Operating Cash Flow 195.65 90.03 103.29 177.94 562.22
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 47.34
EBITDA YoY
Net Profit YoY
Breakdown 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30
Earning YoY
Revenue YoY 56.64 108.82 -54.31 55.71
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2022-12-31 2021-12-31
Cash Per Common Share 15.41 23.64
Quick Ratio 3.60 4.93
Current Ratio 3.84 5.20
Debt to Equity 0.38 0.29
Long-Term Debt to Equity 0.04 0.06
Breakdown 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30
Cash Per Common Share 15.78 15.09 15.05 14.96 18.61 8.70
Quick Ratio 3.42 4.05 4.20 4.46 5.78 1.64
Current Ratio 3.65 4.29 4.45 4.72 6.05 1.91
Debt to Equity 0.40 0.34 0.33 0.31 0.21 1.05
Long-Term Debt to Equity 0.04 0.05 0.05 0.05 0.02 0.09

Profitability

Breakdown 2022-12-31 2021-12-31
ROA -7.97 -9.09
ROE -10.99 -11.72
Gross Margin 73.09 72.41
Operating Margin -15.87 -23.91
EBITDA Margin -14.55 -22.82
Net Profit Margin -16.12 -23.98
Breakdown 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30
ROA -0.33 -6.40 -3.88 -1.78 -6.90 -7.51
ROE -0.46 -8.55 -5.15 -2.33 -8.34 -15.36
Gross Margin 72.77 73.03 73.26 73.54 72.30 72.71
Operating Margin -2.33 -17.10 -15.94 -14.93 -23.94 -11.94
EBITDA Margin -0.81 -15.81 -14.79 -13.98 -22.83 -10.86
Net Profit Margin -2.23 -17.18 -16.04 -14.96 -23.98 -11.95

Dividends

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

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 1,301,728.00 953,957.00 747,347.00 661,311.00
   Current Assets 1,101,588.00 897,798.00 697,183.00 619,271.00
      Cash and Short-Term Investments 1,061,353.00 747,610.00 608,180.00 553,922.00
            Cash and Cash Equivalents 785,791.00 747,610.00 608,180.00 553,922.00
            Short-Term Investments 275,562.00 0 0 0
      Net Receivables 128,923.00 88,975.00 46,728.00 33,163.00
      Inventory 0 0 0 0
      Other Current Assets -88,688.00 61,213.00 42,275.00 32,186.00
   Non-Current Assets 200,140.00 56,159.00 50,164.00 42,040.00
      Property, Plant, Equipment Net 66,438.00 30,895.00 35,477.00 36,580.00
      Goodwill 10,538.00 4,050.00 4,050.00 0
      Intangible Assets 19,899.00 15,995.00 8,497.00 0
      Long-Term Investments 98,292.00 0 0 0
      Non-Current Deferred Assets 675.00 766.00 633.00 0
      Other Non-Current Assets 4,298.00 4,453.00 1,507.00 5,460.00
Liabilities 477,178.00 298,456.00 205,269.00 148,255.00
   Current Liabilities 422,231.00 277,362.00 181,766.00 119,131.00
      Payables and Expenses 49,347.00 28,170.00 24,216.00 20,864.00
            Account Payables 6,381.00 2,447.00 1,177.00 7,818.00
            Current Accrued Liabilities 42,966.00 25,723.00 23,039.00 13,046.00
      Short-Term Debt 2,581.00 3,944.00 4,903.00 3,336.00
      Other Current Liabilities 370,303.00 245,248.00 152,647.00 94,931.00
   Non-Current Liabilities 54,947.00 21,094.00 23,503.00 29,124.00
      Long-Term Debt 54,656.00 21,094.00 23,503.00 29,124.00
      Other Non-Current Liabilities 291.00 0.00 0.00 0.00
Equity 824,550.00 655,501.00 542,078.00 513,056.00
   Shareholders Equity 824,550.00 655,501.00 542,078.00 513,056.00
      Capital Stock 4.00 4.00 4.00 4.00
      Share Premium 950,393.00 869,918.00 772,562.00 683,966.00
      Retained Earnings -125,847.00 -214,421.00 -230,488.00 -170,914.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0
   Minority Interest 0 0 0 0
Investments 373,854.00 0 0 0
Debt 54,656.00 21,094.00 23,503.00 29,124.00
Common Shares Outstanding 0 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 748,024.00 531,109.00 369,495.00 250,772.00
Cost Of Revenue 203,645.00 142,105.00 99,431.00 69,186.00
Gross Profit 544,379.00 389,004.00 270,064.00 181,586.00
Operating Expenses 481,784.00 402,263.00 335,259.00 241,593.00
   Selling, General and Administrative Expenses 246,486.00 207,911.00 184,815.00 137,760.00
   Research and Development Expenses 235,298.00 194,352.00 150,444.00 103,833.00
   Other Operating Expenses 0.00 0.00 0.00 0.00
Operating Income 62,595.00 -13,259.00 -65,195.00 -60,007.00
Net Non-Operating Income 39,711.00 31,036.00 6,559.00 49.00
Interest Income 42,697.00 31,091.00 7,235.00 0
Interest Expense 0.00 0.00 0.00 0.00
EBT 102,306.00 17,777.00 -58,636.00 -59,958.00
Income Tax 13,732.00 1,710.00 938.00 177.00
Net Income 88,574.00 16,067.00 -59,574.00 -60,135.00
EBIT 102,306.00 17,777.00 -58,636.00 -59,958.00
Deprecation and Amortization 11,405.00 7,095.00 4,870.00 2,726.00
EBITDA 113,711.00 24,872.00 -53,766.00 -57,232.00
EPS 0.00 0.00 -0.00 -0.00
Diluted EPS 0.00 0.00 -0.00 -0.00
Average Shares Outstanding Basic 0 0 39,470.00 23,433.00
Average Shares Outstanding Diluted 47,101.00 46,522.00 39,470.00 23,433.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 285,513.00 153,614.00 53,656.00 9,170.00
   Operating Net Income 265,722.00 16,067.00 -59,574.00 -60,135.00
   Deprecation and Amortization 11,405.00 7,095.00 4,870.00 2,726.00
   Deferred Income Tax 157.00 -133.00 -215.00 0
   Share Based Compensation 110,477.00 95,221.00 73,820.00 40,804.00
   Change in Working Capital 186,800.00 138,906.00 77,334.00 69,201.00
   Other Operating Activities -289,048.00 -103,542.00 -42,579.00 -43,426.00
Investing Cash Flow -217,330.00 -13,584.00 -14,174.00 -6,206.00
   Capital Expenditure 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 12,116.00 3,291.00 5,562.00 6,206.00
   Net Purchase/Sale of Investments Net 197,005.00 0 0 0
   Net Purchase/Sale of Business 6,595.00 0 4,050.00 0
   Other Investing Activities -433,046.00 -16,875.00 -23,786.00 -12,412.00
Financing Cash Flow -30,002.00 2,135.00 14,776.00 430,468.00
   Net Issuance/Repayment of Debt 0 0 0 0
   Net Issuance/Repurchase of Equity 19,356.00 13,617.00 14,776.00 439,539.00
   Dividends Paid 0 0 0 0
   Other Financing Activities -49,358.00 -11,482.00 0.00 -9,071.00
Net Change in Cash 38,181.00 142,165.00 54,258.00 433,432.00
   Cash at Beginning of Period 750,345.00 608,180.00 553,922.00 120,490.00
   Cash at End of Period 788,526.00 750,345.00 608,180.00 553,922.00
Free Cash Flow 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
Assets 1,885,638.00 1,542,559.00 1,403,146.00 1,301,728.00 1,219,549.00 1,139,443.00 1,068,667.00 953,957.00 870,714.00 834,803.00 790,379.00 747,347.00 713,699.00 701,050.00 684,511.00 661,311.00 617,777.00 181,693.00
   Current Assets 1,367,105.00 1,323,990.00 1,219,657.00 1,101,588.00 1,058,437.00 1,041,564.00 977,278.00 897,798.00 819,105.00 784,941.00 741,234.00 697,183.00 668,331.00 655,150.00 640,635.00 619,271.00 596,344.00 162,568.00
      Cash and Short-Term Investments 1,341,278.00 1,341,187.00 1,229,848.00 1,061,353.00 933,471.00 888,240.00 829,713.00 747,610.00 701,737.00 678,665.00 641,091.00 608,180.00 599,967.00 591,160.00 577,331.00 553,922.00 549,440.00 114,636.00
            Cash and Cash Equivalents 1,011,542.00 976,231.00 883,996.00 785,791.00 854,409.00 888,240.00 829,713.00 747,610.00 701,737.00 678,665.00 641,091.00 608,180.00 599,967.00 591,160.00 577,331.00 553,922.00 549,440.00 114,636.00
            Short-Term Investments 329,736.00 364,956.00 345,852.00 275,562.00 79,062.00 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 134,375.00 112,919.00 114,183.00 128,923.00 94,215.00 77,722.00 76,421.00 88,975.00 61,711.00 55,769.00 52,509.00 46,728.00 30,197.00 28,209.00 28,573.00 33,163.00 20,737.00 25,129.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets -108,548.00 -130,116.00 -124,374.00 -88,688.00 30,751.00 75,602.00 71,144.00 61,213.00 55,657.00 50,507.00 47,634.00 42,275.00 38,167.00 35,781.00 34,731.00 32,186.00 26,167.00 22,803.00
   Non-Current Assets 518,533.00 218,569.00 183,489.00 200,140.00 161,112.00 97,879.00 91,389.00 56,159.00 51,609.00 49,862.00 49,145.00 50,164.00 45,368.00 45,900.00 43,876.00 42,040.00 21,433.00 19,125.00
      Property, Plant, Equipment Net 103,892.00 100,672.00 65,530.00 66,438.00 68,119.00 68,103.00 62,994.00 30,895.00 31,909.00 33,547.00 34,621.00 35,477.00 36,341.00 37,867.00 37,347.00 36,580.00 16,241.00 14,497.00
      Goodwill 35,335.00 10,538.00 10,538.00 10,538.00 10,538.00 4,050.00 4,050.00 4,050.00 4,050.00 4,050.00 4,050.00 4,050.00 0 0 0 0 0 0
      Intangible Assets 27,968.00 19,924.00 18,872.00 19,899.00 21,900.00 20,586.00 18,595.00 15,995.00 13,766.00 10,396.00 8,475.00 8,497.00 0 0 0 0 0 0
      Long-Term Investments 98,735.00 75,362.00 83,342.00 98,292.00 55,328.00 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 240,172.00 675.00 675.00 675.00 835.00 835.00 766.00 766.00 633.00 633.00 633.00 633.00 418.00 418.00 0 0 0 0
      Other Non-Current Assets 12,431.00 11,398.00 4,532.00 4,298.00 4,392.00 4,305.00 4,984.00 4,453.00 1,251.00 1,236.00 1,366.00 1,507.00 8,609.00 7,615.00 6,529.00 5,460.00 5,192.00 4,628.00
Liabilities 578,099.00 565,528.00 509,320.00 477,178.00 397,096.00 372,499.00 357,615.00 298,456.00 255,895.00 238,398.00 225,191.00 205,269.00 179,873.00 172,831.00 163,797.00 148,255.00 107,046.00 92,861.00
   Current Liabilities 484,540.00 471,383.00 454,485.00 422,231.00 342,133.00 317,724.00 303,722.00 277,362.00 234,934.00 217,106.00 202,813.00 181,766.00 155,630.00 147,326.00 135,775.00 119,131.00 98,645.00 85,051.00
      Payables and Expenses 42,812.00 40,206.00 39,462.00 49,347.00 31,530.00 26,247.00 24,409.00 28,170.00 26,046.00 24,353.00 20,871.00 24,216.00 20,686.00 19,132.00 16,674.00 20,864.00 18,185.00 14,054.00
            Account Payables 3,568.00 7,729.00 2,546.00 6,381.00 3,649.00 3,405.00 2,625.00 2,447.00 2,712.00 2,305.00 986.00 1,177.00 3,363.00 1,504.00 2,018.00 7,818.00 8,708.00 4,266.00
            Current Accrued Liabilities 39,244.00 32,477.00 36,916.00 42,966.00 27,881.00 22,842.00 21,784.00 25,723.00 23,334.00 22,048.00 19,885.00 23,039.00 17,323.00 17,628.00 14,656.00 13,046.00 9,477.00 9,788.00
      Short-Term Debt 4,066.00 2,962.00 0 2,581.00 2,616.00 2,456.00 2,750.00 3,944.00 5,090.00 6,053.00 5,524.00 4,903.00 4,636.00 4,527.00 3,963.00 3,336.00 1,542.00 630.00
      Other Current Liabilities 437,662.00 428,215.00 415,023.00 370,303.00 307,987.00 289,021.00 276,563.00 245,248.00 203,798.00 186,700.00 176,418.00 152,647.00 130,308.00 123,667.00 115,138.00 94,931.00 78,918.00 70,367.00
   Non-Current Liabilities 93,559.00 94,145.00 54,835.00 54,947.00 54,963.00 54,775.00 53,893.00 21,094.00 20,961.00 21,292.00 22,378.00 23,503.00 24,243.00 25,505.00 28,022.00 29,124.00 8,401.00 7,810.00
      Long-Term Debt 93,257.00 93,843.00 54,533.00 54,656.00 54,651.00 54,775.00 53,893.00 21,094.00 20,961.00 21,292.00 22,378.00 23,503.00 24,243.00 25,505.00 28,022.00 29,124.00 8,401.00 7,810.00
      Other Non-Current Liabilities 302.00 302.00 302.00 291.00 312.00 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
Equity 1,307,539.00 977,031.00 893,826.00 824,550.00 822,453.00 766,944.00 711,052.00 655,501.00 614,819.00 596,405.00 565,188.00 542,078.00 533,826.00 528,219.00 520,714.00 513,056.00 510,731.00 88,832.00
   Shareholders Equity 1,307,539.00 977,031.00 893,826.00 824,550.00 822,453.00 766,944.00 711,052.00 655,501.00 614,819.00 596,405.00 565,188.00 542,078.00 533,826.00 528,219.00 520,714.00 513,056.00 510,731.00 -187,554.00
      Capital Stock 5.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 1.00
      Share Premium 1,061,270.00 1,022,958.00 984,534.00 950,393.00 962,203.00 930,054.00 898,513.00 869,918.00 841,353.00 825,746.00 798,254.00 772,562.00 750,380.00 726,328.00 703,778.00 683,966.00 664,124.00 30,649.00
      Retained Earnings 246,264.00 -45,931.00 -90,712.00 -125,847.00 -139,754.00 -163,114.00 -187,465.00 -214,421.00 -226,538.00 -229,345.00 -233,070.00 -230,488.00 -216,558.00 -198,113.00 -183,068.00 -170,914.00 -153,397.00 -124,427.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 428,471.00 440,318.00 429,194.00 373,854.00 134,390.00 0 0 0 0 0 0 0 0 0 0 0 0 0
Debt 93,257.00 93,843.00 54,533.00 54,656.00 54,651.00 54,775.00 53,893.00 21,094.00 20,961.00 21,292.00 22,378.00 23,503.00 24,243.00 25,505.00 28,022.00 29,124.00 8,401.00 7,810.00
Common Shares Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 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 2021-09-30 2021-06-30
Revenues 754,721.00 483,008.00 230,743.00 -303,883.00 538,474.00 345,880.00 167,553.00 -207,176.00 380,124.00 242,500.00 115,661.00 -147,002.00 265,671.00 169,606.00 81,220.00 177,758.00 114,163.00
Cost Of Revenue 211,133.00 136,331.00 66,647.00 -78,806.00 144,720.00 92,540.00 45,191.00 -56,201.00 101,534.00 65,280.00 31,492.00 -39,079.00 71,661.00 45,359.00 21,490.00 49,234.00 31,156.00
Gross Profit 543,588.00 346,677.00 164,096.00 -225,077.00 393,754.00 253,340.00 122,362.00 -150,975.00 278,590.00 177,220.00 84,169.00 -107,923.00 194,010.00 124,247.00 59,730.00 128,524.00 83,007.00
Operating Expenses 451,472.00 289,720.00 140,502.00 -187,381.00 345,041.00 218,201.00 105,923.00 -177,673.00 296,644.00 190,604.00 92,688.00 -128,499.00 241,053.00 151,128.00 71,577.00 171,116.00 96,899.00
   Selling, General and Administrative Expenses 224,705.00 145,660.00 70,112.00 -96,873.00 176,138.00 112,176.00 55,045.00 -88,294.00 152,548.00 96,813.00 46,844.00 -79,190.00 135,079.00 87,130.00 41,796.00 97,302.00 52,430.00
   Research and Development Expenses 226,767.00 144,060.00 70,390.00 -90,508.00 168,903.00 106,025.00 50,878.00 -89,379.00 144,096.00 93,791.00 45,844.00 -49,309.00 105,974.00 63,998.00 29,781.00 73,814.00 44,469.00
   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
Operating Income 92,116.00 56,957.00 23,594.00 -37,696.00 48,713.00 35,139.00 16,439.00 26,698.00 -18,054.00 -13,384.00 -8,519.00 20,576.00 -47,043.00 -26,881.00 -11,847.00 -42,592.00 -13,892.00
Net Non-Operating Income 35,793.00 24,503.00 11,416.00 -20,368.00 31,241.00 19,426.00 9,412.00 -8,579.00 20,698.00 13,096.00 5,821.00 5,366.00 1,621.00 -149.00 -279.00 43.00 262.00
Interest Income 33,635.00 21,842.00 10,415.00 -20,090.00 32,000.00 20,754.00 10,033.00 -9,537.00 21,807.00 13,182.00 5,639.00 7,235.00 0 0 0 0 0
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
EBT 127,909.00 81,460.00 35,010.00 -58,064.00 79,954.00 54,565.00 25,851.00 18,119.00 2,644.00 -288.00 -2,698.00 25,942.00 -45,422.00 -27,030.00 -12,126.00 -42,549.00 -13,630.00
Income Tax 244,202.00 1,544.00 125.00 4,082.00 5,287.00 3,258.00 1,105.00 -1,143.00 1,306.00 1,431.00 116.00 519.00 222.00 169.00 28.00 69.00 18.00
Net Income 372,111.00 79,916.00 35,135.00 -64,356.00 74,667.00 51,307.00 26,956.00 13,556.00 3,950.00 1,143.00 -2,582.00 25,423.00 -45,644.00 -27,199.00 -12,154.00 -42,618.00 -13,648.00
EBIT 127,909.00 81,460.00 35,010.00 -58,064.00 79,954.00 54,565.00 25,851.00 18,119.00 2,644.00 -288.00 -2,698.00 25,942.00 -45,422.00 -27,030.00 -12,126.00 -42,549.00 -13,630.00
Deprecation and Amortization 12,041.00 8,047.00 4,140.00 -2,191.00 7,205.00 4,317.00 2,074.00 -3,116.00 5,053.00 3,396.00 1,762.00 -1,274.00 3,426.00 1,944.00 774.00 1,969.00 1,236.00
EBITDA 139,950.00 89,507.00 39,150.00 -60,255.00 87,159.00 58,882.00 27,925.00 15,003.00 7,697.00 3,108.00 -936.00 24,668.00 -41,996.00 -25,086.00 -11,352.00 -40,580.00 -12,394.00
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 -0.00 -0.00 -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 -0.00 -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 0 0 0 0.00 0 0 0 13,539.33 0 0 40,618.00 40,263.00 39,753.00 39,274.00 38,590.00 29,531.00 13,172.00
Average Shares Outstanding Diluted 49,144.00 49,000.00 48,497.00 45,312.00 47,969.00 47,770.00 47,353.00 51,652.00 46,946.00 46,872.00 40,618.00 40,263.00 39,753.00 39,274.00 38,590.00 29,531.00 13,172.00
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 2021-09-30 2021-06-30
Operating Cash Flow 280,545.00 196,306.00 105,631.00 -146,072.00 202,169.00 145,902.00 83,514.00 -47,182.00 104,421.00 66,771.00 29,604.00 -42,308.00 42,048.00 33,289.00 20,627.00 8,738.00 4,227.00
   Operating Net Income 1,116,333.00 239,748.00 35,135.00 112,792.00 74,667.00 51,307.00 26,956.00 13,556.00 3,950.00 1,143.00 -2,582.00 25,423.00 -45,644.00 -27,199.00 -12,154.00 -42,618.00 -13,648.00
   Deprecation and Amortization 12,041.00 8,047.00 4,140.00 -2,191.00 7,205.00 4,317.00 2,074.00 -3,116.00 5,053.00 3,396.00 1,762.00 -1,274.00 3,426.00 1,944.00 774.00 1,969.00 1,236.00
   Deferred Income Tax -239,486.00 0 0 157.00 0 0 0 -133.00 0 0 0 -215.00 0 0 0 0 0
   Share Based Compensation 101,175.00 65,610.00 31,018.00 -46,929.00 80,690.00 51,731.00 24,985.00 -40,858.00 70,219.00 44,787.00 21,073.00 -26,654.00 53,188.00 32,700.00 14,586.00 26,120.00 5,458.00
   Change in Working Capital 69,654.00 38,673.00 18,344.00 69,065.00 73,539.00 29,743.00 14,453.00 -3,354.00 69,887.00 45,228.00 27,145.00 5,278.00 37,047.00 23,393.00 11,616.00 35,770.00 21,204.00
   Other Operating Activities -779,172.00 -155,772.00 16,994.00 -278,966.00 -33,932.00 8,804.00 15,046.00 -13,277.00 -44,688.00 -27,783.00 -17,794.00 -44,866.00 -5,969.00 2,451.00 5,805.00 -12,503.00 -10,023.00
Investing Cash Flow -64,496.00 -12,821.00 -10,549.00 -91,667.00 -106,965.00 -13,677.00 -5,021.00 1,847.00 -9,436.00 -4,683.00 -1,312.00 3,212.00 -9,229.00 -5,713.00 -2,444.00 -5,098.00 -3,634.00
   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
   Net Purchase/Sale of PPE 7,369.00 2,507.00 1,309.00 -6,430.00 10,155.00 6,977.00 1,414.00 -1,465.00 2,367.00 1,608.00 781.00 -11,824.00 9,229.00 5,713.00 2,444.00 5,098.00 3,634.00
   Net Purchase/Sale of Investments Net 181,197.00 90,791.00 45,282.00 115,335.00 81,670.00 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 33,100.00 0 0 0.00 6,595.00 0 0 0 0 0 0 4,050.00 0 0 0 0 0
   Other Investing Activities -286,162.00 -106,119.00 -57,140.00 -200,572.00 -205,385.00 -20,654.00 -6,435.00 3,312.00 -11,803.00 -6,291.00 -2,093.00 10,986.00 -18,458.00 -11,426.00 -4,888.00 -10,196.00 -7,268.00
Financing Cash Flow 9,702.00 6,955.00 3,123.00 -53,612.00 11,595.00 8,405.00 3,610.00 -9,453.00 -1,428.00 8,397.00 4,619.00 -13,338.00 13,226.00 9,662.00 5,226.00 425,310.00 -6,447.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 9,702.00 6,955.00 3,123.00 -4,254.00 11,595.00 8,405.00 3,610.00 -9,453.00 10,054.00 8,397.00 4,619.00 -13,338.00 13,226.00 9,662.00 5,226.00 434,381.00 4,175.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities 0.00 0.00 0.00 -49,358.00 0.00 0.00 0.00 0.00 -11,482.00 0.00 0.00 0.00 0.00 0.00 0.00 -9,071.00 -10,622.00
Net Change in Cash 225,751.00 190,440.00 98,205.00 -291,351.00 106,799.00 140,630.00 82,103.00 -54,788.00 93,557.00 70,485.00 32,911.00 -52,434.00 46,045.00 37,238.00 23,409.00 428,950.00 -5,854.00
   Cash at Beginning of Period 788,526.00 788,526.00 788,526.00 1,079,877.00 750,345.00 750,345.00 750,345.00 805,133.00 608,180.00 608,180.00 608,180.00 660,614.00 553,922.00 553,922.00 553,922.00 120,490.00 120,490.00
   Cash at End of Period 1,014,277.00 978,966.00 886,731.00 788,526.00 857,144.00 890,975.00 832,448.00 750,345.00 701,737.00 678,665.00 641,091.00 608,180.00 599,967.00 591,160.00 577,331.00 549,440.00 114,636.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0