Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -16.34 -34.09 -15.39 -49.69
Price to Sales 10.29 28.45 17.92 43.10
Book Value Per Common Share 0.57 0.85 1.93 2.93 0.53
Price to Book 15.99 44.17 9.26 13.56
Price to Operating Cash Flow -18.73 -43.14 -15.75 -43.44
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 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Price to Earnings -1.53 -1.09 -50.38 -41.43 -47.95 -102.00 -12.49 -33.52 -75.00 -25.43 -41.95 -120.42 -121.58 -196.43
Price to Sales 1.15 1.17 45.49 25.29 32.40 94.62 11.19 32.73 79.84 32.24 52.55 214.92 116.26 234.38 613.32
Book Value Per Common Share 3.69 4.20 0.45 0.57 1.35 1.34 1.58 0.85 2.20 2.61 3.22 1.93 4.47 4.94 5.23 2.93 6.15 6.30 6.45 0.53
Price to Book 1.39 0.78 13.43 15.99 12.87 11.84 12.93 44.17 5.01 8.23 7.69 9.26 5.23 5.01 8.29 13.56 11.27 13.10 14.36
Price to Operating Cash Flow -1.49 -1.18 -78.10 -38.59 -45.96 -102.51 -14.36 -40.59 -78.10 -27.32 -37.49 -131.16 -103.16 -172.31 -585.76
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 -1.94 41.57 14.81 26.62
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 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Earning YoY
Revenue YoY 77.82 60.95 47.43 131.79 52.20 114.10 55.19 134.98 73.99 115.76
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 0.32 0.62 1.58 3.31 1.80
Quick Ratio 1.82 1.76 2.73 6.57 3.27
Current Ratio 2.50 2.49 3.37 6.97 3.70
Debt to Equity 1.10 1.29 0.61 0.32 3.65
Long-Term Debt to Equity 0.50 0.65 0.25 0.14 2.52
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 1.26 2.70 0.32 0.29 0.44 0.33 0.51 0.58 0.73 0.99 1.22 1.55 2.26 2.49 2.84 3.18 3.61 3.92 3.91 1.54
Quick Ratio 0.98 1.46 1.70 1.82 2.03 1.61 1.99 1.76 2.02 1.81 2.21 2.73 4.60 8.04 7.20 6.57 10.65 10.40 8.66 3.27
Current Ratio 1.66 2.38 2.35 2.50 2.81 2.42 2.81 2.49 2.85 2.44 2.89 3.37 4.68 8.16 7.22 6.97 10.50 10.96 9.13 3.70
Debt to Equity 1.24 1.12 1.15 1.10 0.96 1.24 1.06 1.29 1.04 0.91 0.74 0.61 0.37 0.28 0.32 0.32 0.30 0.32 0.38 3.65
Long-Term Debt to Equity 0.31 0.51 0.48 0.50 0.46 0.60 0.54 0.65 0.53 0.34 0.30 0.25 0.10 0.13 0.14 0.14 0.18 0.20 0.23 2.52

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -36.87 -19.86 -76.83
ROE -59.27 -26.23 -356.90
Gross Margin 53.06 49.67 48.13 60.01 57.08
Operating Margin -61.71 -81.49 -115.58 -85.82 -176.60
EBITDA Margin -52.74 -72.20 -108.71 -80.83 -169.31
Net Profit Margin -116.79 -86.82 -178.17
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 -32.41 -24.17 -27.10 -21.66 -38.43 -25.36 -11.83 -30.28 -18.75 -10.44 -13.60 -9.33 -6.50
ROE -72.54 -51.24 -53.24 -48.47 -78.55 -48.40 -20.62 -41.60 -23.95 -13.80 -17.67 -12.33 -8.96
Gross Margin 53.57 48.32 53.51 52.96 52.70 51.94 49.96 48.20 48.52 48.46 47.25 47.10 60.45 61.32 64.66
Operating Margin -71.09 -100.59 -83.53 -60.05 -65.63 -89.78 -87.46 -95.72 -103.40
EBITDA Margin -59.48 -86.69 -72.33 -50.62 -56.41 -78.97 -79.85 -88.00 -93.35
Net Profit Margin -72.69 -103.09 -61.68 -67.14 -89.22 -97.67 -106.48 -127.14 -125.96 -179.98 -96.25 -119.95 -192.15

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 26,652.00 28,918.00 40,903.00 49,166.00 20,597.00
   Current Assets 18,843.00 20,208.00 31,037.00 47,795.00 18,420.00
      Cash and Short-Term Investments 6,493.00 8,638.00 20,525.00 40,406.00 12,862.00
            Cash and Cash Equivalents 6,493.00 8,638.00 20,525.00 40,406.00 12,862.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 7,238.00 5,645.00 4,625.00 4,662.00 3,389.00
      Inventory 4,571.00 5,050.00 5,187.00 2,242.00 1,978.00
      Other Current Assets 541.00 875.00 700.00 485.00 191.00
   Non-Current Assets 7,809.00 8,710.00 9,866.00 1,371.00 2,177.00
      Property, Plant, Equipment Net 2,365.00 3,010.00 4,002.00 1,207.00 1,857.00
      Goodwill 431.00 431.00 431.00 0 0
      Intangible Assets 4,580.00 4,892.00 5,217.00 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 400.00 220.00 213.00 377.00 401.00
      Other Non-Current Assets 33.00 157.00 3.00 -213.00 -81.00
Liabilities 13,945.00 16,312.00 15,461.00 11,947.00 16,163.00
   Current Liabilities 7,537.00 8,117.00 9,201.00 6,855.00 4,974.00
      Payables and Expenses 3,904.00 4,511.00 5,429.00 5,406.00 2,930.00
            Account Payables 1,552.00 1,847.00 3,151.00 3,107.00 1,501.00
            Current Accrued Liabilities 2,352.00 2,664.00 2,278.00 2,299.00 1,429.00
      Short-Term Debt 1,677.00 1,613.00 2,651.00 229.00 548.00
      Other Current Liabilities 1,956.00 1,993.00 1,121.00 1,220.00 1,496.00
   Non-Current Liabilities 6,408.00 8,195.00 6,260.00 5,092.00 11,189.00
      Long-Term Debt 4,306.00 5,555.00 4,854.00 1,993.00 3,308.00
      Other Non-Current Liabilities 2,102.00 2,640.00 1,406.00 3,099.00 7,881.00
Equity 12,707.00 12,606.00 25,442.00 37,219.00 4,434.00
   Shareholders Equity 12,707.00 12,606.00 25,442.00 37,219.00 4,434.00
      Capital Stock 22.00 15.00 13.00 13.00 8.00
      Share Premium 262,203.00 251,580.00 248,813.00 246,090.00 204,376.00
      Retained Earnings -250,475.00 -239,145.00 -223,947.00 -208,867.00 -199,103.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 957.00 156.00 563.00 -17.00 -847.00
   Minority Interest 0 0 0 0 0
Debt 5,983.00 7,168.00 7,505.00 2,222.00 3,856.00
Common Shares Outstanding 22,203.00 14,848.00 13,203.00 12,693.00 8,349.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 17,925.00 18,279.00 12,912.00 11,246.00 8,882.00
Cost Of Revenue 8,414.00 9,200.00 6,698.00 4,497.00 3,812.00
Gross Profit 9,511.00 9,079.00 6,214.00 6,749.00 5,070.00
Operating Expenses 19,971.00 24,191.00 21,770.00 20,577.00 18,361.00
   Selling, General and Administrative Expenses 16,097.00 19,166.00 18,144.00 17,829.00 15,454.00
   Research and Development Expenses 3,874.00 5,025.00 3,626.00 2,748.00 2,474.00
   Other Operating Expenses 0.00 0.00 0.00 0.00 433.00
Operating Income -10,460.00 -15,112.00 -15,556.00 -13,828.00 -13,291.00
Net Non-Operating Income -870.00 -86.00 476.00 4,064.00 -2,534.00
Interest Expense 269.00 302.00 156.00 113.00 139.00
EBT -11,330.00 -15,198.00 -15,080.00 -9,764.00 -15,825.00
Income Tax 0.00 0.00 0.00 0.00 0.00
Net Income 0 0 -15,080.00 -9,764.00 -15,825.00
EBIT -11,061.00 -14,896.00 -14,924.00 -9,651.00 -15,686.00
Deprecation and Amortization 1,608.00 1,698.00 887.00 561.00 648.00
EBITDA -9,453.00 -13,198.00 -14,037.00 -9,090.00 -15,038.00
EPS -0.00 -0.00 -0.00 -0.00 -0.00
Diluted EPS 0 -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 20,161.00 13,867.00 12,962.00 12,193.00 7,164.00
Average Shares Outstanding Diluted 20,161.00 13,867.00 12,962.00 12,269.00 7,164.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -9,846.00 -12,054.00 -14,688.00 -11,156.00 -8,755.00
   Operating Net Income -22,660.00 -30,396.00 -15,080.00 -9,764.00 -15,825.00
   Deprecation and Amortization 1,608.00 1,698.00 887.00 561.00 648.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 1,373.00 1,858.00 2,546.00 2,329.00 2,410.00
   Change in Working Capital 836.00 1,819.00 1,157.00 2,943.00 -3,637.00
   Other Operating Activities 8,997.00 12,967.00 -4,198.00 -7,225.00 7,649.00
Investing Cash Flow -37.00 -157.00 -5,175.00 -59.00 0
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 37.00 157.00 213.00 59.00 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 5,000.00 5,000.00 0 0
   Other Investing Activities -74.00 -5,314.00 -10,388.00 -118.00 0
Financing Cash Flow 7,769.00 348.00 0 38,712.00 10,704.00
   Net Issuance/Repayment of Debt 1,250.00 313.00 0 0 4,356.00
   Net Issuance/Repurchase of Equity 9,104.00 661.00 0 38,712.00 10,416.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -2,585.00 -626.00 0 0.00 -4,068.00
Net Change in Cash -2,145.00 -11,887.00 -19,881.00 27,544.00 1,990.00
   Cash at Beginning of Period 8,638.00 20,525.00 40,406.00 12,862.00 10,872.00
   Cash at End of Period 6,493.00 8,638.00 20,525.00 40,406.00 12,862.00
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 21,661.00 23,167.00 27,310.00 26,652.00 29,209.00 26,984.00 28,957.00 28,918.00 31,183.00 33,986.00 37,104.00 40,903.00 39,311.00 40,520.00 44,242.00 49,166.00 50,733.00 52,973.00 56,504.00 20,597.00
   Current Assets 14,796.00 15,974.00 20,068.00 18,843.00 21,066.00 18,642.00 20,516.00 20,208.00 22,362.00 24,720.00 27,597.00 31,037.00 36,754.00 39,323.00 43,123.00 47,795.00 49,099.00 51,295.00 54,605.00 18,420.00
      Cash and Short-Term Investments 2,722.00 5,242.00 8,054.00 6,493.00 8,292.00 5,885.00 8,799.00 8,638.00 9,937.00 13,307.00 16,277.00 20,525.00 29,180.00 31,912.00 36,176.00 40,406.00 43,439.00 45,938.00 49,539.00 12,862.00
            Cash and Cash Equivalents 2,722.00 5,242.00 8,054.00 6,493.00 8,292.00 5,885.00 8,799.00 8,638.00 9,937.00 13,307.00 16,277.00 20,525.00 29,180.00 31,912.00 36,176.00 40,406.00 43,439.00 45,938.00 49,539.00 12,862.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 6,048.00 4,533.00 6,457.00 7,238.00 6,964.00 6,520.00 5,773.00 5,645.00 5,873.00 5,052.00 4,827.00 4,625.00 6,934.00 6,809.00 6,832.00 4,662.00 6,366.00 2,756.00 2,276.00 3,389.00
      Inventory 5,023.00 5,439.00 4,962.00 4,571.00 5,031.00 4,974.00 5,106.00 5,050.00 5,487.00 5,602.00 5,662.00 5,187.00 3,508.00 3,274.00 2,772.00 2,242.00 1,751.00 1,953.00 2,154.00 1,978.00
      Other Current Assets 1,003.00 760.00 595.00 541.00 779.00 1,263.00 838.00 875.00 1,065.00 759.00 831.00 700.00 -2,868.00 -2,672.00 -2,657.00 485.00 -2,457.00 648.00 636.00 191.00
   Non-Current Assets 6,865.00 7,193.00 7,242.00 7,809.00 8,143.00 8,342.00 8,441.00 8,710.00 8,821.00 9,266.00 9,507.00 9,866.00 2,557.00 1,197.00 1,119.00 1,371.00 1,634.00 1,678.00 1,899.00 2,177.00
      Property, Plant, Equipment Net 1,869.00 2,165.00 2,137.00 2,365.00 2,519.00 2,737.00 2,755.00 3,010.00 3,154.00 3,465.00 3,697.00 4,002.00 2,348.00 1,069.00 978.00 1,207.00 1,509.00 1,515.00 1,664.00 1,857.00
      Goodwill 431.00 431.00 431.00 431.00 431.00 431.00 431.00 431.00 431.00 431.00 431.00 431.00 0 0 0 0 0 0 0 0
      Intangible Assets 4,152.00 4,235.00 4,317.00 4,580.00 4,662.00 4,739.00 4,815.00 4,892.00 4,972.00 5,053.00 5,136.00 5,217.00 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 400.00 0 0 0 220.00 0 0 0 213.00 0 0 0 377.00 0 0 0 401.00
      Other Non-Current Assets 413.00 362.00 357.00 33.00 531.00 435.00 440.00 157.00 264.00 317.00 243.00 3.00 209.00 128.00 141.00 -213.00 125.00 163.00 235.00 -81.00
Liabilities 11,982.00 12,237.00 14,618.00 13,945.00 14,339.00 14,925.00 14,906.00 16,312.00 15,926.00 16,179.00 15,821.00 15,461.00 10,697.00 8,791.00 10,756.00 11,947.00 11,671.00 12,877.00 15,529.00 16,163.00
   Current Liabilities 8,939.00 6,714.00 8,553.00 7,537.00 7,506.00 7,704.00 7,312.00 8,117.00 7,834.00 10,129.00 9,537.00 9,201.00 7,858.00 4,819.00 5,970.00 6,855.00 4,675.00 4,681.00 5,981.00 4,974.00
      Payables and Expenses 3,591.00 3,208.00 4,965.00 3,904.00 3,783.00 4,098.00 3,662.00 4,511.00 4,598.00 5,548.00 5,269.00 5,429.00 4,559.00 3,628.00 4,758.00 5,406.00 3,012.00 2,745.00 3,127.00 2,930.00
            Account Payables 1,661.00 1,448.00 1,999.00 1,552.00 1,808.00 2,125.00 1,876.00 1,847.00 2,502.00 3,155.00 3,042.00 3,151.00 2,387.00 2,045.00 2,939.00 3,107.00 1,308.00 1,428.00 1,652.00 1,501.00
            Current Accrued Liabilities 1,930.00 1,760.00 2,966.00 2,352.00 1,975.00 1,973.00 1,786.00 2,664.00 2,096.00 2,393.00 2,227.00 2,278.00 2,172.00 1,583.00 1,819.00 2,299.00 1,704.00 1,317.00 1,475.00 1,429.00
      Short-Term Debt 5,648.00 1,698.00 1,675.00 1,677.00 1,684.00 1,680.00 1,622.00 1,613.00 1,601.00 3,295.00 2,972.00 2,651.00 2,240.00 51.00 97.00 229.00 372.00 514.00 1,361.00 548.00
      Other Current Liabilities -300.00 1,808.00 1,913.00 1,956.00 2,039.00 1,926.00 2,028.00 1,993.00 1,635.00 1,286.00 1,296.00 1,121.00 1,059.00 1,140.00 1,115.00 1,220.00 1,291.00 1,422.00 1,493.00 1,496.00
   Non-Current Liabilities 3,043.00 5,523.00 6,065.00 6,408.00 6,833.00 7,221.00 7,594.00 8,195.00 8,092.00 6,050.00 6,284.00 6,260.00 2,839.00 3,972.00 4,786.00 5,092.00 6,996.00 8,196.00 9,548.00 11,189.00
      Long-Term Debt 1,307.00 3,693.00 3,942.00 4,306.00 4,662.00 5,011.00 5,220.00 5,555.00 5,883.00 4,208.00 4,533.00 4,854.00 1,167.00 2,109.00 1,994.00 1,993.00 1,992.00 1,991.00 2,361.00 3,308.00
      Other Non-Current Liabilities 1,736.00 1,830.00 2,123.00 2,102.00 2,171.00 2,210.00 2,374.00 2,640.00 2,209.00 1,842.00 1,751.00 1,406.00 1,672.00 1,863.00 2,792.00 3,099.00 5,004.00 6,205.00 7,187.00 7,881.00
Equity 9,679.00 10,930.00 12,692.00 12,707.00 14,870.00 12,059.00 14,051.00 12,606.00 15,257.00 17,807.00 21,283.00 25,442.00 28,614.00 31,729.00 33,486.00 37,219.00 39,062.00 40,096.00 40,975.00 4,434.00
   Shareholders Equity 9,679.00 10,930.00 12,692.00 12,707.00 29,752.00 24,657.00 28,549.00 12,606.00 31,247.00 35,973.00 42,935.00 25,442.00 58,714.00 64,292.00 67,167.00 37,219.00 77,878.00 79,685.00 81,568.00 4,434.00
      Capital Stock 36.00 36.00 28.00 22.00 22.00 19.00 18.00 15.00 14.00 14.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 8.00
      Share Premium 268,065.00 267,878.00 265,832.00 262,203.00 261,898.00 256,491.00 256,160.00 251,580.00 250,441.00 250,000.00 249,237.00 248,813.00 247,884.00 247,347.00 246,765.00 246,090.00 245,299.00 244,636.00 244,117.00 204,376.00
      Retained Earnings -257,722.00 -256,301.00 -253,592.00 -250,475.00 -247,062.00 -244,990.00 -242,574.00 -239,145.00 -235,931.00 -232,566.00 -228,336.00 -223,947.00 -220,769.00 -216,465.00 -213,487.00 -208,867.00 -206,004.00 -204,046.00 -202,773.00 -199,103.00
      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 -700.00 -683.00 424.00 957.00 12.00 539.00 447.00 156.00 733.00 359.00 369.00 563.00 1,486.00 834.00 195.00 -17.00 -246.00 -507.00 -382.00 -847.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Debt 6,955.00 5,391.00 5,617.00 5,983.00 6,346.00 6,691.00 6,842.00 7,168.00 7,484.00 7,503.00 7,505.00 7,505.00 3,407.00 2,160.00 2,091.00 2,222.00 2,364.00 2,505.00 3,722.00 3,856.00
Net Debt 4,233.00 149.00 0 0 0 806.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Common Shares Outstanding 2,623.00 2,605.00 28,197.00 22,203.00 21,998.00 18,444.00 18,096.00 14,848.00 14,235.00 13,807.00 13,342.00 13,203.00 13,127.00 13,010.00 12,844.00 12,693.00 12,664.00 12,655.00 12,655.00 8,349.00
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 9,659.00 5,432.00 3,375.00 -7,372.00 12,835.00 8,706.00 3,756.00 -8,100.00 13,432.00 8,825.00 4,122.00 -5,048.00 9,361.00 6,032.00 2,567.00 -1,955.00 7,170.00 4,121.00 1,910.00
Cost Of Revenue 4,485.00 2,807.00 1,569.00 -3,547.00 6,038.00 4,118.00 1,805.00 -4,215.00 6,722.00 4,571.00 2,122.00 -2,667.00 4,825.00 3,182.00 1,358.00 -608.00 2,836.00 1,594.00 675.00
Gross Profit 5,174.00 2,625.00 1,806.00 -3,825.00 6,797.00 4,588.00 1,951.00 -3,885.00 6,710.00 4,254.00 2,000.00 -2,381.00 4,536.00 2,850.00 1,209.00 -1,347.00 4,334.00 2,527.00 1,235.00
Operating Expenses 13,991.00 10,040.00 5,246.00 -10,442.00 15,027.00 10,179.00 5,207.00 -13,616.00 18,373.00 12,986.00 6,448.00 -9,648.00 15,656.00 10,316.00 5,446.00 -6,421.00 13,610.00 9,014.00 4,374.00
   Selling, General and Administrative Expenses 11,602.00 8,201.00 4,258.00 -7,899.00 11,998.00 7,927.00 4,071.00 -11,223.00 14,661.00 10,434.00 5,294.00 -7,501.00 12,801.00 8,397.00 4,447.00 -5,324.00 11,680.00 7,702.00 3,771.00
   Research and Development Expenses 2,389.00 1,839.00 988.00 -2,543.00 3,029.00 2,252.00 1,136.00 -2,393.00 3,712.00 2,552.00 1,154.00 -2,147.00 2,855.00 1,919.00 999.00 -1,097.00 1,930.00 1,312.00 603.00
   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 -8,817.00 -7,415.00 -3,440.00 6,617.00 -8,230.00 -5,591.00 -3,256.00 9,731.00 -11,663.00 -8,732.00 -4,448.00 7,267.00 -11,120.00 -7,466.00 -4,237.00 5,074.00 -9,276.00 -6,487.00 -3,139.00
Net Non-Operating Income 1,796.00 1,815.00 549.00 -756.00 313.00 -254.00 -173.00 63.00 -321.00 113.00 59.00 476.00 0 0 0 4,064.00 0 0 0
Interest Expense 154.00 136.00 72.00 -129.00 210.00 131.00 57.00 -233.00 236.00 172.00 127.00 -17.00 90.00 56.00 27.00 -43.00 77.00 53.00 26.00
EBT -7,021.00 -5,600.00 -2,891.00 5,861.00 -7,917.00 -5,845.00 -3,429.00 9,794.00 -11,984.00 -8,619.00 -4,389.00 -15,080.00 0 0 0 -9,764.00 0 0 0
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 -7,021.00 -5,600.00 0 0 -7,917.00 -5,845.00 0 0 -11,984.00 -8,619.00 -4,389.00 9,040.00 -11,902.00 -7,598.00 -4,620.00 5,750.00 -6,901.00 -4,943.00 -3,670.00
EBIT -6,867.00 -5,464.00 -2,819.00 5,732.00 -7,707.00 -5,714.00 -3,372.00 9,561.00 -11,748.00 -8,447.00 -4,262.00 -14,924.00 0 0 0 -9,651.00 0 0 0
Deprecation and Amortization 1,122.00 755.00 378.00 -811.00 1,210.00 803.00 406.00 -420.00 1,023.00 681.00 414.00 -338.00 632.00 462.00 131.00 -272.00 431.00 275.00 127.00
EBITDA -5,745.00 -4,709.00 -2,441.00 4,921.00 -6,497.00 -4,911.00 -2,966.00 9,141.00 -10,725.00 -7,766.00 -3,848.00 -14,037.00 0 0 0 -9,090.00 0 0 0
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 -0.00 -0.00 0
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 -0.00 -0.00 0
Average Shares Outstanding Basic 2,166.00 1,938.00 25,393.00 26,746.00 18,657.00 17,822.00 17,419.00 15,033.00 13,672.00 13,467.00 13,296.00 13,417.00 12,896.00 12,807.00 12,728.00 25,034.00 12,029.00 11,709.00 0
Average Shares Outstanding Diluted 0 0 0 24,691.00 20,310.00 18,224.00 17,419.00 14,462.00 14,073.00 13,637.00 13,296.00 13,417.00 12,896.00 12,807.00 12,728.00 25,104.00 12,133.00 11,839.00 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 -7,470.00 -5,409.00 -1,965.00 8,169.00 -8,413.00 -6,136.00 -3,466.00 9,747.00 -10,470.00 -7,117.00 -4,214.00 9,016.00 -11,044.00 -8,454.00 -4,206.00 4,531.00 -8,081.00 -5,606.00 -2,000.00
   Operating Net Income -7,021.00 -5,600.00 -5,782.00 -2,040.00 -7,917.00 -5,845.00 -6,858.00 -5,404.00 -11,984.00 -8,619.00 -4,389.00 9,040.00 -11,902.00 -7,598.00 -4,620.00 5,750.00 -6,901.00 -4,943.00 -3,670.00
   Deprecation and Amortization 1,122.00 755.00 378.00 -811.00 1,210.00 803.00 406.00 -420.00 1,023.00 681.00 414.00 -338.00 632.00 462.00 131.00 -272.00 431.00 275.00 127.00
   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 691.00 457.00 250.00 -729.00 1,066.00 660.00 376.00 -883.00 1,379.00 938.00 424.00 -652.00 1,618.00 1,081.00 499.00 -440.00 1,538.00 875.00 356.00
   Change in Working Capital -1,211.00 -2,553.00 -98.00 -2,196.00 1,243.00 1,502.00 287.00 -2,849.00 2,263.00 1,549.00 856.00 5,593.00 -801.00 -1,946.00 -1,689.00 5,367.00 -703.00 -1,111.00 -610.00
   Other Operating Activities -1,051.00 1,532.00 3,287.00 13,945.00 -4,015.00 -3,256.00 2,323.00 19,303.00 -3,151.00 -1,666.00 -1,519.00 -4,627.00 -591.00 -453.00 1,473.00 -5,874.00 -2,446.00 -702.00 1,797.00
Investing Cash Flow -62.00 -50.00 -10.00 -5.00 -16.00 -8.00 -8.00 96.00 -114.00 -97.00 -42.00 -5,034.00 -141.00 0 0 1.00 -60.00 0 0
   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 62.00 50.00 10.00 5.00 16.00 8.00 8.00 -96.00 114.00 97.00 42.00 72.00 141.00 0 0 -1.00 60.00 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 5,000.00 0 0 0 5,000.00 0 0 0 0 0 0 0
   Other Investing Activities -124.00 -100.00 -20.00 -10.00 -32.00 -16.00 -16.00 -4,808.00 -228.00 -194.00 -84.00 -10,106.00 -282.00 0 0 2.00 -120.00 0 0
Financing Cash Flow 3,708.00 4,145.00 3,529.00 -7,363.00 8,083.00 3,392.00 3,657.00 348.00 0 0 0 0 0 0 0 -77,424.00 38,712.00 38,712.00 38,712.00
   Net Issuance/Repayment of Debt 4,862.00 625.00 313.00 -626.00 938.00 625.00 313.00 313.00 0 0 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 5,589.00 5,684.00 3,881.00 -8,028.00 9,021.00 4,102.00 4,009.00 661.00 0 0 0 0 0 0 0 -77,424.00 38,712.00 38,712.00 38,712.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -6,743.00 -2,164.00 -665.00 1,291.00 -1,876.00 -1,335.00 -665.00 -626.00 0 0 0 0 0 0 0 0.00 0.00 0.00 0.00
Net Change in Cash -3,771.00 -1,251.00 1,561.00 793.00 -346.00 -2,753.00 161.00 10,167.00 -10,588.00 -7,218.00 -4,248.00 4,069.00 -11,226.00 -8,494.00 -4,230.00 -72,786.00 30,577.00 33,076.00 36,677.00
   Cash at Beginning of Period 6,493.00 6,493.00 6,493.00 5,700.00 8,638.00 8,638.00 8,638.00 -1,529.00 20,525.00 20,525.00 20,525.00 16,456.00 40,406.00 40,406.00 40,406.00 113,192.00 12,862.00 12,862.00 12,862.00
   Cash at End of Period 2,722.00 5,242.00 8,054.00 6,493.00 8,292.00 5,885.00 8,799.00 8,638.00 9,937.00 13,307.00 16,277.00 20,525.00 29,180.00 31,912.00 36,176.00 40,406.00 43,439.00 45,938.00 49,539.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0