Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 15.07 8.36 -18.27 3.19 6.30
Price to Sales 2.99 2.29 2.36 4.16 3.47
Book Value Per Common Share 10.95 12.37 9.56 33.59 11.31
Price to Book 5.66 3.53 4.34 1.98 4.44
Price to Operating Cash Flow 12.73 4.77 5.60 8.89 8.68
Price to Free Cash Flow
Enterprise Value to EBITDA 103729.05 50825.39 355546.32 79032.95
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 27.90 39.82 62.71 24.39 39.21 59.30 11.51 32.62 41.86 -10.70 -12.74 -25.11 3.99 4.18 65.15
Price to Sales 5.15 6.51 12.24 4.24 5.33 10.66 3.11 4.74 9.49 2.84 4.85 13.54 5.95 8.97 13.80
Book Value Per Common Share 10.39 10.35 10.69 10.95 11.24 11.18 12.32 12.37 23.03 20.08 20.53 9.56 18.47 19.69 25.31 33.59 35.41 40.23 11.88 11.31
Price to Book 8.75 7.20 6.34 5.66 5.79 4.80 4.28 3.53 1.91 2.23 2.16 4.34 1.99 2.12 2.26 1.98 1.97 1.75 5.15 4.44
Price to Operating Cash Flow 30.47 72.13 40.19 18.82 27.84 44.28 10.20 16.61 28.33 7.48 18.07 27.78 10.39 10.89 19.06
Price to Free Cash Flow
Enterprise Value to EBITDA 192502.37 239674.85 399992.20 151319.36 234437.19 400966.19 75591.60 187264.69 273677.98 234688.91 345796.96 498265.72

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -21.26 161.53
Revenue YoY 1.69 3.24 -6.00 1.45
EBITDA YoY -36.60 -74.45
Net Profit YoY -28.62 1556.89 -98.77 140.13
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 74.33 73.15 94.89 53.93 179.56 29.25 3.87 1686.17
Revenue YoY 53.06 105.61 50.23 100.63 49.51 101.20 48.52 97.54 47.14 75.52
EBITDA YoY 50.42 81.89 83.22 68.96 138.44 46.38 -82.34 40.01 60.33
Net Profit YoY 72.56 73.16 95.77 51.14 176.83 30.16 478.57 372.73 83.33 2.32 1674.57

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 4.91 21.26 8.56 11.23 5.39
Quick Ratio 0.42 2.19 0.98 1.61 1.06
Current Ratio 1.24 2.28 2.04 1.97 1.80
Debt to Equity 2.75 2.38 3.05 1.72 4.42
Long-Term Debt to Equity 1.57 1.57 2.08 1.25 3.30
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 5.26 4.51 6.55 5.17 3.17 3.86 21.20 21.80 12.68 9.55 9.59 8.87 3.62 3.05 3.06 12.33 59.89 55.94 4.94 5.59
Quick Ratio 0.44 0.37 0.54 0.42 0.30 0.36 2.11 2.19 1.43 1.46 1.63 0.98 0.53 0.46 0.38 1.61 7.56 7.52 0.72 1.06
Current Ratio 0.92 1.00 1.17 1.24 1.25 1.25 1.99 2.28 2.16 2.45 2.68 2.04 1.33 1.28 1.48 1.97 3.35 3.96 1.30 1.80
Debt to Equity 2.77 2.78 2.83 2.75 2.67 2.69 2.41 2.38 2.59 2.79 2.71 3.05 2.94 2.75 2.26 1.72 1.67 1.44 3.97 4.42
Long-Term Debt to Equity 1.53 1.53 1.64 1.57 1.63 1.64 1.58 1.57 1.78 2.11 2.12 2.08 2.12 1.99 1.55 1.25 1.19 1.06 2.61 3.30

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 10.20 12.80 0.80 51.11 29.35
ROE 38.29 43.26 3.24 139.17 159.14
Gross Margin 71.99 81.35 77.52 74.57 75.92
Operating Margin 24.21 39.89 -12.47 5.84 36.41
EBITDA Margin 27.36 43.88 -7.95 10.66 42.34
Net Profit Margin 19.21 27.36 1.71 130.60 55.17
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 8.45 4.85 2.65 6.51 3.25 2.05 9.64 3.70 2.83 0.27 0.06 0.03 39.78 35.74 3.42
ROE 31.85 18.34 10.16 23.91 11.98 6.98 34.63 14.01 10.53 1.07 0.21 0.09 106.34 87.39 17.00
Gross Margin 71.48 71.80 72.03 71.94 72.02 72.61 71.88 71.92 72.11 72.56 72.44 72.25 74.95 75.91 72.78
Operating Margin 22.78 23.33 27.27 23.74 19.09 23.24 36.13 21.07 30.36 -32.68 -48.15 -66.13 19.20 20.37 23.06
EBITDA Margin 26.37 26.83 30.33 26.92 22.07 26.21 40.17 25.19 34.62 -28.09 -43.45 -61.38 24.07 25.29 27.69
Net Profit Margin 18.48 16.39 19.46 16.82 12.91 17.14 27.06 14.61 22.59 0.71 0.22 0.24 149.08 214.38 21.20

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 19,365,000.00 21,620,000.00 20,850,000.00 26,626,000.00 19,310,000.00
   Current Assets 7,567,000.00 11,814,000.00 10,146,000.00 9,111,000.00 7,190,000.00
      Cash and Short-Term Investments 2,433,000.00 11,268,000.00 4,779,000.00 7,323,000.00 3,826,000.00
            Cash and Cash Equivalents 2,433,000.00 1,985,000.00 2,154,000.00 1,379,000.00 1,428,000.00
            Short-Term Investments 0 9,283,000.00 2,625,000.00 5,944,000.00 2,398,000.00
      Net Receivables 108,000.00 94,000.00 90,000.00 98,000.00 412,000.00
      Inventory 0 0 0 0 0
      Other Current Assets 5,026,000.00 452,000.00 5,277,000.00 1,690,000.00 2,952,000.00
   Non-Current Assets 11,798,000.00 9,806,000.00 10,704,000.00 17,515,000.00 12,120,000.00
      Property, Plant, Equipment Net 1,690,000.00 1,736,000.00 1,751,000.00 1,525,000.00 1,867,000.00
      Goodwill 4,269,000.00 4,411,000.00 4,414,000.00 4,178,000.00 4,675,000.00
      Intangible Assets 744,000.00 723,000.00 692,000.00 8,000.00 12,000.00
      Long-Term Investments 0 0 34,000.00 22,289,000.00 833,000.00
      Non-Current Deferred Assets 2,936,000.00 3,089,000.00 3,169,000.00 3,255,000.00 3,537,000.00
      Other Non-Current Assets 2,159,000.00 -153,000.00 644,000.00 -13,740,000.00 1,196,000.00
Liabilities 14,207,000.00 15,224,000.00 15,697,000.00 16,848,000.00 15,749,000.00
   Current Liabilities 6,098,000.00 5,190,000.00 4,980,000.00 4,622,000.00 4,002,000.00
      Payables and Expenses 755,000.00 848,000.00 687,000.00 875,000.00 1,188,000.00
            Account Payables 257,000.00 267,000.00 261,000.00 262,000.00 332,000.00
            Current Accrued Liabilities 498,000.00 581,000.00 426,000.00 613,000.00 856,000.00
      Short-Term Debt 1,673,000.00 750,000.00 1,150,000.00 1,355,000.00 18,000.00
      Other Current Liabilities 3,670,000.00 3,592,000.00 3,143,000.00 2,392,000.00 2,796,000.00
   Non-Current Liabilities 8,109,000.00 10,034,000.00 10,717,000.00 12,226,000.00 11,747,000.00
      Long-Term Debt 6,072,000.00 7,360,000.00 418,000.00 200,000.00 380,000.00
      Other Non-Current Liabilities 2,037,000.00 2,674,000.00 10,299,000.00 12,026,000.00 11,367,000.00
Equity 5,158,000.00 6,396,000.00 5,153,000.00 9,778,000.00 3,561,000.00
   Shareholders Equity 5,158,000.00 6,396,000.00 5,153,000.00 19,954,000.00 7,738,000.00
      Capital Stock 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
      Share Premium 18,289,000.00 17,792,000.00 17,279,000.00 16,659,000.00 16,497,000.00
      Retained Earnings 37,951,000.00 36,531,000.00 34,315,000.00 36,090,000.00 22,961,000.00
      Treasury Shares 51,290,000.00 48,114,000.00 46,702,000.00 43,371,000.00 36,515,000.00
      Accumulated Other Comprehensive Income 206,000.00 185,000.00 259,000.00 398,000.00 616,000.00
   Minority Interest 0 0 0 0 0
Investments 0 9,283,000.00 2,659,000.00 28,233,000.00 3,231,000.00
Debt 7,745,000.00 8,110,000.00 9,289,000.00 9,282,000.00 8,143,000.00
Net Debt 5,312,000.00 0 4,510,000.00 1,959,000.00 4,317,000.00
Common Shares Outstanding 471,000.00 517,000.00 539,000.00 594,000.00 684,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 10,283,000.00 10,112,000.00 9,795,000.00 10,420,000.00 10,271,000.00
Cost Of Revenue 2,880,000.00 1,886,000.00 2,202,000.00 2,650,000.00 2,473,000.00
Gross Profit 7,403,000.00 8,226,000.00 7,593,000.00 7,770,000.00 7,798,000.00
Operating Expenses 5,085,000.00 6,285,000.00 5,243,000.00 4,847,000.00 5,087,000.00
   Selling, General and Administrative Expenses 3,233,000.00 3,413,000.00 3,099,000.00 3,091,000.00 3,642,000.00
   Research and Development Expenses 1,479,000.00 1,544,000.00 1,330,000.00 1,325,000.00 1,087,000.00
   Other Operating Expenses 373,000.00 1,328,000.00 814,000.00 431,000.00 358,000.00
Operating Income 2,318,000.00 1,941,000.00 2,350,000.00 2,923,000.00 2,711,000.00
Net Non-Operating Income -88,000.00 1,830,000.00 -3,806,000.00 -2,583,000.00 724,000.00
Interest Income 531,000.00 467,000.00 308,000.00 288,000.00 344,000.00
Interest Expense 259,000.00 263,000.00 235,000.00 269,000.00 305,000.00
Net Interest 272,000.00 204,000.00 73,000.00 19,000.00 39,000.00
EBT 2,230,000.00 3,771,000.00 -1,456,000.00 340,000.00 3,435,000.00
Income Tax 287,000.00 945,000.00 349,000.00 133,000.00 881,000.00
Net Income 1,975,000.00 2,767,000.00 167,000.00 13,608,000.00 5,667,000.00
EBIT 2,489,000.00 4,034,000.00 -1,221,000.00 609,000.00 3,740,000.00
Deprecation and Amortization 324,000.00 403,000.00 442,000.00 502,000.00 609,000.00
EBITDA 2,813,000.00 4,437,000.00 -779,000.00 1,111,000.00 4,349,000.00
EPS 0.00 0.01 -0.00 0.02 0.01
Diluted EPS 0.00 0.01 -0.00 0.02 0.01
Average Shares Outstanding Basic 496,000.00 530,000.00 558,000.00 652,000.00 710,000.00
Average Shares Outstanding Diluted 501,000.00 533,000.00 558,000.00 663,000.00 718,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 2,414,000.00 4,847,000.00 4,135,000.00 4,878,000.00 4,111,000.00
   Operating Net Income 3,970,000.00 5,478,000.00 -2,428,000.00 27,297,000.00 11,358,000.00
   Deprecation and Amortization 324,000.00 403,000.00 442,000.00 502,000.00 609,000.00
   Deferred Income Tax -874,000.00 255,000.00 -780,000.00 -680,000.00 408,000.00
   Share Based Compensation 588,000.00 575,000.00 494,000.00 477,000.00 431,000.00
   Change in Working Capital -242,000.00 -404,000.00 -351,000.00 -982,000.00 994,000.00
   Other Operating Activities -1,352,000.00 -1,460,000.00 6,758,000.00 -21,736,000.00 -9,689,000.00
Investing Cash Flow 2,213,000.00 240,000.00 4,924,000.00 12,406,000.00 11,601,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 458,000.00 456,000.00 449,000.00 444,000.00 494,000.00
   Net Purchase/Sale of Investments Net 30,838,000.00 28,520,000.00 40,318,000.00 41,041,000.00 65,983,000.00
   Net Purchase/Sale of Business 0 0 216,000.00 2,325,000.00 18,000.00
   Other Investing Activities -29,083,000.00 -28,736,000.00 -36,059,000.00 -31,404,000.00 -54,894,000.00
Financing Cash Flow -3,806,000.00 -2,450,000.00 -3,792,000.00 -6,482,000.00 -5,696,000.00
   Net Issuance/Repayment of Debt 1,821,000.00 1,150,000.00 2,498,000.00 3,634,000.00 3,536,000.00
   Net Issuance/Repurchase of Equity 3,241,000.00 1,484,000.00 3,230,000.00 7,148,000.00 5,227,000.00
   Dividends Paid 533,000.00 528,000.00 489,000.00 466,000.00 447,000.00
   Other Financing Activities -9,401,000.00 -5,612,000.00 -10,009,000.00 -17,730,000.00 -14,906,000.00
Net Change in Cash 793,000.00 221,000.00 866,000.00 -188,000.00 598,000.00
   Cash at Beginning of Period 2,493,000.00 2,272,000.00 1,406,000.00 1,594,000.00 996,000.00
   Cash at End of Period 3,286,000.00 2,493,000.00 2,272,000.00 1,406,000.00 1,594,000.00
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 17,791,000.00 17,961,000.00 18,954,000.00 19,365,000.00 19,915,000.00 20,378,000.00 21,418,000.00 21,620,000.00 21,184,000.00 19,956,000.00 20,004,000.00 20,850,000.00 19,097,000.00 19,653,000.00 22,980,000.00 26,626,000.00 29,257,000.00 31,823,000.00 18,731,000.00 19,310,000.00
   Current Assets 5,393,000.00 5,919,000.00 6,872,000.00 7,567,000.00 7,061,000.00 7,269,000.00 10,406,000.00 11,814,000.00 10,314,000.00 8,717,000.00 8,598,000.00 10,146,000.00 5,289,000.00 5,067,000.00 7,349,000.00 9,111,000.00 17,756,000.00 20,061,000.00 6,691,000.00 7,190,000.00
      Cash and Short-Term Investments 2,423,000.00 2,096,000.00 3,061,000.00 2,433,000.00 1,589,000.00 1,963,000.00 10,939,000.00 11,268,000.00 6,759,000.00 5,118,000.00 5,150,000.00 4,779,000.00 2,037,000.00 1,742,000.00 1,798,000.00 7,323,000.00 39,946,000.00 37,928,000.00 3,367,000.00 3,826,000.00
            Cash and Cash Equivalents 2,423,000.00 2,070,000.00 3,031,000.00 2,433,000.00 1,589,000.00 1,963,000.00 2,130,000.00 1,985,000.00 2,550,000.00 2,268,000.00 2,082,000.00 2,154,000.00 2,037,000.00 1,742,000.00 1,798,000.00 1,379,000.00 1,244,000.00 2,128,000.00 1,667,000.00 1,428,000.00
            Short-Term Investments 0 26,000.00 30,000.00 0 0 0 8,809,000.00 9,283,000.00 4,209,000.00 2,850,000.00 3,068,000.00 2,625,000.00 0 0 0 5,944,000.00 38,702,000.00 35,800,000.00 1,700,000.00 2,398,000.00
      Net Receivables 122,000.00 108,000.00 108,000.00 108,000.00 118,000.00 96,000.00 89,000.00 94,000.00 74,000.00 77,000.00 80,000.00 90,000.00 84,000.00 82,000.00 87,000.00 98,000.00 93,000.00 137,000.00 348,000.00 412,000.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 2,848,000.00 3,715,000.00 3,703,000.00 5,026,000.00 5,354,000.00 5,210,000.00 -622,000.00 452,000.00 3,481,000.00 3,522,000.00 3,368,000.00 5,277,000.00 3,168,000.00 3,243,000.00 5,464,000.00 1,690,000.00 -22,283,000.00 -18,004,000.00 2,976,000.00 2,952,000.00
   Non-Current Assets 12,398,000.00 12,042,000.00 12,082,000.00 11,798,000.00 12,854,000.00 13,109,000.00 11,012,000.00 9,806,000.00 10,870,000.00 11,239,000.00 11,406,000.00 10,704,000.00 13,808,000.00 14,586,000.00 15,631,000.00 17,515,000.00 11,501,000.00 11,762,000.00 12,040,000.00 12,120,000.00
      Property, Plant, Equipment Net 1,700,000.00 1,731,000.00 1,712,000.00 1,690,000.00 1,701,000.00 1,724,000.00 1,750,000.00 1,736,000.00 1,647,000.00 1,697,000.00 1,721,000.00 1,751,000.00 1,721,000.00 1,714,000.00 1,762,000.00 1,525,000.00 1,563,000.00 1,626,000.00 1,798,000.00 1,867,000.00
      Goodwill 4,376,000.00 4,386,000.00 4,357,000.00 4,269,000.00 4,321,000.00 4,285,000.00 4,235,000.00 4,411,000.00 4,386,000.00 4,244,000.00 4,287,000.00 4,414,000.00 4,058,000.00 4,113,000.00 4,141,000.00 4,178,000.00 4,138,000.00 4,212,000.00 4,591,000.00 4,675,000.00
      Intangible Assets 788,000.00 789,000.00 786,000.00 744,000.00 752,000.00 758,000.00 717,000.00 723,000.00 717,000.00 718,000.00 721,000.00 692,000.00 583,000.00 576,000.00 0 8,000.00 3,000.00 3,000.00 5,000.00 12,000.00
      Long-Term Investments 54,000.00 65,000.00 65,000.00 0 4,198,000.00 4,174,000.00 0 0 0 0 0 34,000.00 10,602,000.00 12,684,000.00 15,535,000.00 22,289,000.00 933,000.00 1,323,000.00 1,059,000.00 833,000.00
      Non-Current Deferred Assets 2,898,000.00 2,900,000.00 2,920,000.00 2,936,000.00 2,984,000.00 3,011,000.00 3,052,000.00 3,089,000.00 3,086,000.00 3,143,000.00 3,111,000.00 3,169,000.00 3,144,000.00 3,227,000.00 3,224,000.00 3,255,000.00 3,297,000.00 3,343,000.00 3,448,000.00 3,537,000.00
      Other Non-Current Assets 2,582,000.00 2,171,000.00 2,242,000.00 2,159,000.00 -1,102,000.00 -843,000.00 1,258,000.00 -153,000.00 1,034,000.00 1,437,000.00 1,566,000.00 644,000.00 -6,300,000.00 -7,728,000.00 -9,031,000.00 -13,740,000.00 1,567,000.00 1,255,000.00 1,139,000.00 1,196,000.00
Liabilities 13,072,000.00 13,212,000.00 14,004,000.00 14,207,000.00 14,495,000.00 14,853,000.00 15,145,000.00 15,224,000.00 15,285,000.00 14,688,000.00 14,617,000.00 15,697,000.00 14,244,000.00 14,410,000.00 15,926,000.00 16,848,000.00 18,312,000.00 18,807,000.00 14,961,000.00 15,749,000.00
   Current Liabilities 5,831,000.00 5,940,000.00 5,880,000.00 6,098,000.00 5,639,000.00 5,799,000.00 5,233,000.00 5,190,000.00 4,782,000.00 3,555,000.00 3,206,000.00 4,980,000.00 3,974,000.00 3,972,000.00 4,982,000.00 4,622,000.00 5,296,000.00 5,063,000.00 5,130,000.00 4,002,000.00
      Payables and Expenses 889,000.00 909,000.00 754,000.00 755,000.00 753,000.00 680,000.00 678,000.00 848,000.00 823,000.00 705,000.00 676,000.00 687,000.00 660,000.00 612,000.00 904,000.00 875,000.00 265,000.00 285,000.00 324,000.00 1,188,000.00
            Account Payables 308,000.00 336,000.00 292,000.00 257,000.00 283,000.00 319,000.00 300,000.00 267,000.00 303,000.00 294,000.00 280,000.00 261,000.00 224,000.00 249,000.00 245,000.00 262,000.00 265,000.00 285,000.00 324,000.00 332,000.00
            Current Accrued Liabilities 581,000.00 573,000.00 462,000.00 498,000.00 470,000.00 361,000.00 378,000.00 581,000.00 520,000.00 411,000.00 396,000.00 426,000.00 436,000.00 363,000.00 659,000.00 613,000.00 0 0 0 856,000.00
      Short-Term Debt 1,748,000.00 1,746,000.00 994,000.00 1,673,000.00 1,243,000.00 1,551,000.00 1,551,000.00 750,000.00 750,000.00 0 0 1,150,000.00 1,150,000.00 1,149,000.00 1,755,000.00 1,355,000.00 1,355,000.00 761,000.00 1,172,000.00 18,000.00
      Other Current Liabilities 3,194,000.00 3,285,000.00 4,132,000.00 3,670,000.00 3,643,000.00 3,568,000.00 3,004,000.00 3,592,000.00 3,209,000.00 2,850,000.00 2,530,000.00 3,143,000.00 2,164,000.00 2,211,000.00 2,323,000.00 2,392,000.00 3,676,000.00 4,017,000.00 3,634,000.00 2,796,000.00
   Non-Current Liabilities 7,241,000.00 7,272,000.00 8,124,000.00 8,109,000.00 8,856,000.00 9,054,000.00 9,912,000.00 10,034,000.00 10,503,000.00 11,133,000.00 11,411,000.00 10,717,000.00 10,270,000.00 10,438,000.00 10,944,000.00 12,226,000.00 13,016,000.00 13,744,000.00 9,831,000.00 11,747,000.00
      Long-Term Debt 5,267,000.00 5,289,000.00 6,053,000.00 6,072,000.00 6,501,000.00 6,506,000.00 6,536,000.00 7,360,000.00 7,328,000.00 8,099,000.00 8,116,000.00 418,000.00 7,011,000.00 7,027,000.00 7,059,000.00 200,000.00 7,951,000.00 8,586,000.00 6,199,000.00 380,000.00
      Other Non-Current Liabilities 1,974,000.00 1,983,000.00 2,071,000.00 2,037,000.00 2,355,000.00 2,548,000.00 3,376,000.00 2,674,000.00 3,175,000.00 3,034,000.00 3,295,000.00 10,299,000.00 3,259,000.00 3,411,000.00 3,885,000.00 12,026,000.00 5,065,000.00 5,158,000.00 3,632,000.00 11,367,000.00
Equity 4,719,000.00 4,749,000.00 4,950,000.00 5,158,000.00 5,420,000.00 5,525,000.00 6,273,000.00 6,396,000.00 5,899,000.00 5,268,000.00 5,387,000.00 5,153,000.00 4,853,000.00 5,243,000.00 7,054,000.00 9,778,000.00 10,945,000.00 13,016,000.00 3,770,000.00 3,561,000.00
   Shareholders Equity 4,719,000.00 4,749,000.00 4,950,000.00 5,158,000.00 5,420,000.00 5,525,000.00 6,273,000.00 6,396,000.00 11,977,000.00 10,703,000.00 11,005,000.00 5,153,000.00 10,046,000.00 10,809,000.00 14,450,000.00 19,954,000.00 22,412,000.00 26,592,000.00 8,093,000.00 7,738,000.00
      Capital Stock 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
      Share Premium 18,646,000.00 18,558,000.00 18,362,000.00 18,289,000.00 18,161,000.00 18,058,000.00 17,891,000.00 17,792,000.00 17,639,000.00 17,529,000.00 17,364,000.00 17,279,000.00 17,147,000.00 17,059,000.00 16,904,000.00 16,659,000.00 16,750,000.00 16,676,000.00 16,546,000.00 16,497,000.00
      Retained Earnings 39,037,000.00 38,542,000.00 38,314,000.00 37,951,000.00 37,407,000.00 36,926,000.00 36,826,000.00 36,531,000.00 35,941,000.00 34,775,000.00 34,744,000.00 34,315,000.00 33,766,000.00 33,960,000.00 34,615,000.00 36,090,000.00 34,230,000.00 34,086,000.00 23,476,000.00 22,961,000.00
      Treasury Shares 53,178,000.00 52,548,000.00 51,920,000.00 51,290,000.00 50,382,000.00 49,626,000.00 48,617,000.00 48,114,000.00 47,862,000.00 47,205,000.00 46,954,000.00 46,702,000.00 46,402,000.00 46,101,000.00 44,809,000.00 43,371,000.00 40,559,000.00 38,308,000.00 36,807,000.00 36,515,000.00
      Accumulated Other Comprehensive Income 212,000.00 195,000.00 192,000.00 206,000.00 232,000.00 165,000.00 171,000.00 185,000.00 179,000.00 167,000.00 231,000.00 259,000.00 340,000.00 323,000.00 342,000.00 398,000.00 522,000.00 560,000.00 553,000.00 616,000.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 2,900,000.00 3,314,000.00 3,248,000.00 0 4,198,000.00 4,174,000.00 8,809,000.00 9,283,000.00 4,209,000.00 2,850,000.00 3,068,000.00 2,659,000.00 10,602,000.00 12,684,000.00 15,535,000.00 28,233,000.00 39,635,000.00 37,123,000.00 2,759,000.00 3,231,000.00
Debt 7,015,000.00 7,035,000.00 7,047,000.00 7,745,000.00 7,744,000.00 8,057,000.00 8,087,000.00 8,110,000.00 8,078,000.00 8,099,000.00 8,116,000.00 9,289,000.00 8,161,000.00 8,176,000.00 8,814,000.00 9,282,000.00 9,306,000.00 9,347,000.00 7,371,000.00 8,143,000.00
Net Debt 4,592,000.00 4,939,000.00 3,986,000.00 5,312,000.00 6,155,000.00 6,094,000.00 0 0 1,319,000.00 2,981,000.00 2,966,000.00 4,510,000.00 6,124,000.00 6,434,000.00 7,016,000.00 1,959,000.00 0 0 4,004,000.00 4,317,000.00
Common Shares Outstanding 454,000.00 459,000.00 463,000.00 471,000.00 482,000.00 494,000.00 509,000.00 517,000.00 520,000.00 533,000.00 536,000.00 539,000.00 544,000.00 549,000.00 571,000.00 594,000.00 633,000.00 661,000.00 681,000.00 684,000.00
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 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Revenues 8,135,000.00 5,315,000.00 2,585,000.00 -5,105,000.00 7,704,000.00 5,128,000.00 2,556,000.00 -4,998,000.00 7,550,000.00 5,050,000.00 2,510,000.00 -4,878,000.00 7,285,000.00 4,905,000.00 2,483,000.00 -5,716,000.00 7,807,000.00 5,306,000.00 3,023,000.00
Cost Of Revenue 2,320,000.00 1,499,000.00 723,000.00 -1,417,000.00 2,162,000.00 1,435,000.00 700,000.00 -2,355,000.00 2,123,000.00 1,418,000.00 700,000.00 -1,838,000.00 1,999,000.00 1,352,000.00 689,000.00 -1,407,000.00 1,956,000.00 1,278,000.00 823,000.00
Gross Profit 5,815,000.00 3,816,000.00 1,862,000.00 -3,688,000.00 5,542,000.00 3,693,000.00 1,856,000.00 -2,643,000.00 5,427,000.00 3,632,000.00 1,810,000.00 -3,040,000.00 5,286,000.00 3,553,000.00 1,794,000.00 -4,309,000.00 5,851,000.00 4,028,000.00 2,200,000.00
Operating Expenses 4,139,000.00 2,716,000.00 1,246,000.00 -2,420,000.00 3,767,000.00 2,513,000.00 1,225,000.00 -1,419,000.00 3,896,000.00 2,556,000.00 1,252,000.00 -1,696,000.00 3,501,000.00 2,336,000.00 1,102,000.00 -2,582,000.00 3,616,000.00 2,455,000.00 1,358,000.00
   Selling, General and Administrative Expenses 2,642,000.00 1,754,000.00 797,000.00 -1,526,000.00 2,383,000.00 1,597,000.00 779,000.00 -1,495,000.00 2,475,000.00 1,625,000.00 808,000.00 -1,369,000.00 2,257,000.00 1,507,000.00 704,000.00 -1,771,000.00 2,316,000.00 1,601,000.00 945,000.00
   Research and Development Expenses 1,206,000.00 783,000.00 362,000.00 -706,000.00 1,104,000.00 730,000.00 351,000.00 -697,000.00 1,145,000.00 744,000.00 352,000.00 -606,000.00 990,000.00 645,000.00 301,000.00 -635,000.00 988,000.00 654,000.00 318,000.00
   Other Operating Expenses 291,000.00 179,000.00 87,000.00 -188,000.00 280,000.00 186,000.00 95,000.00 773,000.00 276,000.00 187,000.00 92,000.00 279,000.00 254,000.00 184,000.00 97,000.00 -176,000.00 312,000.00 200,000.00 95,000.00
Operating Income 1,676,000.00 1,100,000.00 616,000.00 -1,268,000.00 1,775,000.00 1,180,000.00 631,000.00 -1,224,000.00 1,531,000.00 1,076,000.00 558,000.00 -1,344,000.00 1,785,000.00 1,217,000.00 692,000.00 -1,727,000.00 2,235,000.00 1,573,000.00 842,000.00
Net Non-Operating Income -8,000.00 17,000.00 28,000.00 487,000.00 -140,000.00 -332,000.00 -103,000.00 441,000.00 1,197,000.00 -12,000.00 204,000.00 6,273,000.00 -4,166,000.00 -3,579,000.00 -2,334,000.00 -1,210,000.00 -736,000.00 -492,000.00 -145,000.00
Interest Income 391,000.00 264,000.00 138,000.00 -241,000.00 390,000.00 255,000.00 127,000.00 467,000.00 0 0 0 308,000.00 0 0 0 288,000.00 0 0 0
Interest Expense 185,000.00 123,000.00 61,000.00 -132,000.00 194,000.00 131,000.00 66,000.00 263,000.00 0.00 0.00 0.00 235,000.00 0.00 0.00 0.00 269,000.00 0.00 0.00 0.00
Net Interest 206,000.00 141,000.00 77,000.00 -109,000.00 196,000.00 124,000.00 61,000.00 204,000.00 0 0 0 73,000.00 0 0 0 19,000.00 0 0 0
EBT 1,668,000.00 1,117,000.00 644,000.00 -781,000.00 1,635,000.00 848,000.00 528,000.00 -783,000.00 2,728,000.00 1,064,000.00 762,000.00 4,929,000.00 -2,381,000.00 -2,362,000.00 -1,642,000.00 -2,937,000.00 1,499,000.00 1,081,000.00 697,000.00
Income Tax 209,000.00 238,000.00 131,000.00 -356,000.00 353,000.00 195,000.00 95,000.00 -150,000.00 642,000.00 285,000.00 168,000.00 -946,000.00 488,000.00 498,000.00 309,000.00 -670,000.00 400,000.00 253,000.00 150,000.00
Net Income 1,503,000.00 871,000.00 503,000.00 -421,000.00 1,296,000.00 662,000.00 438,000.00 -581,000.00 2,043,000.00 738,000.00 567,000.00 98,000.00 52,000.00 11,000.00 6,000.00 -10,047,000.00 11,639,000.00 11,375,000.00 641,000.00
EBIT 1,853,000.00 1,240,000.00 705,000.00 -913,000.00 1,829,000.00 979,000.00 594,000.00 -520,000.00 2,728,000.00 1,064,000.00 762,000.00 5,164,000.00 -2,381,000.00 -2,362,000.00 -1,642,000.00 -2,668,000.00 1,499,000.00 1,081,000.00 697,000.00
Deprecation and Amortization 292,000.00 186,000.00 79,000.00 -150,000.00 245,000.00 153,000.00 76,000.00 -217,000.00 305,000.00 208,000.00 107,000.00 -242,000.00 335,000.00 231,000.00 118,000.00 -279,000.00 380,000.00 261,000.00 140,000.00
EBITDA 2,145,000.00 1,426,000.00 784,000.00 -1,063,000.00 2,074,000.00 1,132,000.00 670,000.00 -737,000.00 3,033,000.00 1,272,000.00 869,000.00 4,922,000.00 -2,046,000.00 -2,131,000.00 -1,524,000.00 -2,947,000.00 1,879,000.00 1,342,000.00 837,000.00
EPS 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 0.02 0.02 0.00
Diluted EPS 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 0.02 0.02 0.00
Average Shares Outstanding Basic 461,000.00 465,000.00 467,000.00 457,000.00 502,000.00 509,000.00 516,000.00 514,000.00 533,000.00 536,000.00 537,000.00 511,000.00 563,000.00 571,000.00 587,000.00 582,000.00 667,000.00 678,000.00 681,000.00
Average Shares Outstanding Diluted 471,000.00 473,000.00 475,000.00 465,000.00 507,000.00 513,000.00 519,000.00 515,000.00 537,000.00 539,000.00 541,000.00 511,000.00 563,000.00 571,000.00 587,000.00 592,000.00 678,000.00 689,000.00 693,000.00
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 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Operating Cash Flow 1,376,000.00 480,000.00 787,000.00 -920,000.00 1,737,000.00 982,000.00 615,000.00 260,000.00 2,304,000.00 1,442,000.00 841,000.00 -1,161,000.00 2,769,000.00 1,317,000.00 1,210,000.00 -6,154,000.00 4,474,000.00 4,370,000.00 2,188,000.00
   Operating Net Income 2,994,000.00 1,747,000.00 1,014,000.00 -879,000.00 2,618,000.00 1,346,000.00 885,000.00 -1,422,000.00 4,164,000.00 1,552,000.00 1,184,000.00 7,742,000.00 -3,778,000.00 -3,722,000.00 -2,670,000.00 -19,809,000.00 23,186,000.00 22,682,000.00 1,238,000.00
   Deprecation and Amortization 292,000.00 186,000.00 79,000.00 -150,000.00 245,000.00 153,000.00 76,000.00 -217,000.00 305,000.00 208,000.00 107,000.00 -242,000.00 335,000.00 231,000.00 118,000.00 -279,000.00 380,000.00 261,000.00 140,000.00
   Deferred Income Tax 14,000.00 -56,000.00 31,000.00 143,000.00 -534,000.00 -523,000.00 40,000.00 205,000.00 95,000.00 -78,000.00 33,000.00 1,098,000.00 -807,000.00 -695,000.00 -376,000.00 -922,000.00 41,000.00 106,000.00 95,000.00
   Share Based Compensation 448,000.00 301,000.00 136,000.00 -304,000.00 446,000.00 300,000.00 146,000.00 -261,000.00 426,000.00 282,000.00 128,000.00 -231,000.00 366,000.00 248,000.00 111,000.00 -232,000.00 365,000.00 238,000.00 106,000.00
   Change in Working Capital 1,090,000.00 989,000.00 47,000.00 -731,000.00 107,000.00 109,000.00 273,000.00 205,000.00 -379,000.00 -108,000.00 -122,000.00 -1,387,000.00 366,000.00 398,000.00 272,000.00 -1,210,000.00 106,000.00 17,000.00 105,000.00
   Other Operating Activities -3,462,000.00 -2,687,000.00 -520,000.00 1,001,000.00 -1,145,000.00 -403,000.00 -805,000.00 1,750,000.00 -2,307,000.00 -414,000.00 -489,000.00 -8,141,000.00 6,287,000.00 4,857,000.00 3,755,000.00 16,298,000.00 -19,604,000.00 -18,934,000.00 504,000.00
Investing Cash Flow 1,644,000.00 1,379,000.00 1,312,000.00 110,000.00 951,000.00 902,000.00 250,000.00 -1,405,000.00 520,000.00 424,000.00 701,000.00 -8,124,000.00 7,512,000.00 3,764,000.00 1,772,000.00 6,524,000.00 4,199,000.00 1,154,000.00 529,000.00
   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 408,000.00 277,000.00 143,000.00 -258,000.00 341,000.00 232,000.00 143,000.00 -251,000.00 330,000.00 245,000.00 132,000.00 -124,000.00 296,000.00 194,000.00 83,000.00 -162,000.00 341,000.00 182,000.00 83,000.00
   Net Purchase/Sale of Investments Net 14,121,000.00 11,537,000.00 7,630,000.00 -17,643,000.00 24,370,000.00 17,098,000.00 7,013,000.00 -17,699,000.00 22,149,000.00 16,095,000.00 7,975,000.00 -30,837,000.00 34,332,000.00 24,051,000.00 12,772,000.00 -11,547,000.00 28,956,000.00 16,437,000.00 7,195,000.00
   Net Purchase/Sale of Business 96,000.00 92,000.00 89,000.00 0 0 0 0 0 1,000.00 0 0 -385,000.00 287,000.00 287,000.00 27,000.00 2,325,000.00 0 0 0
   Other Investing Activities -12,981,000.00 -10,527,000.00 -6,550,000.00 18,011,000.00 -23,760,000.00 -16,428,000.00 -6,906,000.00 16,546,000.00 -21,960,000.00 -15,916,000.00 -7,406,000.00 23,222,000.00 -27,403,000.00 -20,768,000.00 -11,110,000.00 15,908,000.00 -25,098,000.00 -15,465,000.00 -6,749,000.00
Financing Cash Flow -2,838,000.00 -1,964,000.00 -1,248,000.00 1,499,000.00 -2,814,000.00 -1,805,000.00 -686,000.00 2,467,000.00 -2,071,000.00 -1,458,000.00 -1,388,000.00 6,878,000.00 -4,536,000.00 -4,182,000.00 -1,952,000.00 -1,201,000.00 -3,241,000.00 -871,000.00 -1,169,000.00
   Net Issuance/Repayment of Debt 7,021,000.00 4,471,000.00 2,959,000.00 0.00 1,821,000.00 0 0 -2,300,000.00 1,150,000.00 1,150,000.00 1,150,000.00 -962,000.00 1,355,000.00 1,355,000.00 750,000.00 -5,194,000.00 3,634,000.00 3,638,000.00 1,556,000.00
   Net Issuance/Repurchase of Equity 1,966,000.00 1,332,000.00 615,000.00 -1,046,000.00 2,296,000.00 1,538,000.00 453,000.00 -464,000.00 1,166,000.00 540,000.00 242,000.00 -3,320,000.00 2,883,000.00 2,597,000.00 1,070,000.00 1,031,000.00 4,023,000.00 1,790,000.00 304,000.00
   Dividends Paid 400,000.00 268,000.00 134,000.00 -285,000.00 405,000.00 274,000.00 139,000.00 -272,000.00 399,000.00 267,000.00 134,000.00 -260,000.00 370,000.00 250,000.00 129,000.00 -258,000.00 359,000.00 243,000.00 122,000.00
   Other Financing Activities -12,225,000.00 -8,035,000.00 -4,956,000.00 2,830,000.00 -7,336,000.00 -3,617,000.00 -1,278,000.00 5,503,000.00 -4,786,000.00 -3,415,000.00 -2,914,000.00 11,420,000.00 -9,144,000.00 -8,384,000.00 -3,901,000.00 3,220,000.00 -11,257,000.00 -6,542,000.00 -3,151,000.00
Net Change in Cash 227,000.00 -55,000.00 870,000.00 684,000.00 -121,000.00 62,000.00 168,000.00 -1,077,000.00 737,000.00 402,000.00 159,000.00 -615,000.00 700,000.00 366,000.00 415,000.00 -1,054,000.00 27,000.00 712,000.00 127,000.00
   Cash at Beginning of Period 3,286,000.00 3,286,000.00 3,286,000.00 2,602,000.00 2,493,000.00 2,493,000.00 2,493,000.00 3,570,000.00 2,272,000.00 2,272,000.00 2,272,000.00 2,887,000.00 1,406,000.00 1,406,000.00 1,406,000.00 2,460,000.00 1,594,000.00 1,594,000.00 1,594,000.00
   Cash at End of Period 3,513,000.00 3,231,000.00 4,156,000.00 3,286,000.00 2,372,000.00 2,555,000.00 2,661,000.00 2,493,000.00 3,009,000.00 2,674,000.00 2,431,000.00 2,272,000.00 2,106,000.00 1,772,000.00 1,821,000.00 1,406,000.00 1,621,000.00 2,306,000.00 1,721,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0