Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -8.48 -1.94 -1.62 -5.99
Price to Sales 441.67 155.32 129.13
Book Value Per Common Share 0.21 0.29 0.41 0.78
Price to Book 10.19 2.05 1.79 3.59
Price to Operating Cash Flow -11.71 -2.38 -1.68 -8.12
Price to Free Cash Flow -11.70 -2.38 -1.68 -8.10
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -27.43 -31.67 -28.33 -23.75
Price to Sales 1700.00 1009.52 1727.27
Book Value Per Common Share 0.33 0.38 0.43 0.21 0.18
Price to Book 5.76 5.00 3.98 10.19 10.75
Price to Operating Cash Flow -36.16 -54.60 -52.47 -56.08 -33.22
Price to Free Cash Flow -35.56 -53.67 -52.15 -55.94 -33.22
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY -76.53
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY
Revenue YoY -48.78 95.24
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.23 0.38 0.43 0.95
Quick Ratio 7.47 9.36 7.93
Current Ratio 7.63 10.32 9.58 8.01
Debt to Equity 0.16 0.13 0.12 0.15
Long-Term Debt to Equity 0.02 0.03 0.00 0.01
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 0.18 0.23 0.29 0.22 0.18
Quick Ratio 7.82 7.47 6.26
Current Ratio 10.83 10.47 13.07 7.63 6.61
Debt to Equity 0.14 0.14 0.11 0.16 0.20
Long-Term Debt to Equity 0.04 0.03 0.03 0.02 0.03

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -101.61 -75.55 -99.57 -46.90
ROE -118.08 -85.59 -111.20 -54.01
Gross Margin 4.97 24.63 34.68
Operating Margin -5295.58 -9714.18 -2139.58
EBITDA Margin -5270.17 -9666.42 -2130.30
Net Profit Margin -5271.27 -9754.48 -2134.33
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA -18.38 -13.50 -11.88 -25.11 -39.03
ROE -21.01 -15.39 -13.25 -29.18 -46.82
Gross Margin
Operating Margin -6102.38 -2850.00 -7192.86
EBITDA Margin -6083.33 -2836.59 -7166.67
Net Profit Margin -6111.90 -2875.61 -7192.86

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 9,390.00 11,765.00 13,127.00 25,987.00
   Current Assets 8,972.00 11,257.00 12,849.00 25,329.00
      Cash and Short-Term Investments 8,660.00 11,019.00 12,309.00 24,892.00
            Cash and Cash Equivalents 8,660.00 11,019.00 12,309.00 24,892.00
            Short-Term Investments 0 0 0 0
      Net Receivables 126.00 0 246.00 183.00
      Inventory 0 0 0 0
      Other Current Assets 186.00 238.00 294.00 254.00
   Non-Current Assets 418.00 508.00 278.00 658.00
      Property, Plant, Equipment Net 332.00 488.00 229.00 395.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 14.00 43.00 217.00
      Other Non-Current Assets 86.00 6.00 6.00 46.00
Liabilities 1,310.00 1,379.00 1,373.00 3,422.00
   Current Liabilities 1,176.00 1,091.00 1,341.00 3,161.00
      Payables and Expenses 667.00 583.00 950.00 2,512.00
            Account Payables 132.00 83.00 17.00 166.00
            Current Accrued Liabilities 535.00 500.00 933.00 2,212.00
      Short-Term Debt 170.00 134.00 91.00 179.00
      Other Current Liabilities 339.00 374.00 300.00 470.00
   Non-Current Liabilities 134.00 288.00 32.00 261.00
      Long-Term Debt 102.00 256.00 0 123.00
      Other Non-Current Liabilities 32.00 32.00 32.00 138.00
Equity 8,080.00 10,386.00 11,754.00 22,565.00
   Shareholders Equity 8,080.00 10,386.00 11,754.00 22,565.00
      Capital Stock 1.00 1.00 0 0
      Share Premium 121,965.00 114,730.00 107,210.00 104,950.00
      Retained Earnings -113,927.00 -104,386.00 -95,497.00 -82,426.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 41.00 41.00 41.00 41.00
   Minority Interest 0 0 0 0
Debt 272.00 390.00 91.00 302.00
Common Shares Outstanding 38,837.22 35,476.34 28,809.92 28,804.41
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 181.00 0 134.00 571.00
Cost Of Revenue 172.00 0 101.00 373.00
Interest Expense 0 0 0 29.00
Non-Interest Expense 5,095.00 4,430.00 7,253.00 5,690.00
Gross Profit 9.00 0 33.00 198.00
Operating Expenses 9,594.00 8,891.00 13,050.00 12,415.00
   Selling, General and Administrative Expenses 5,095.00 4,430.00 7,253.00 5,690.00
   Research and Development Expenses 4,499.00 4,510.00 5,848.00 6,771.00
   Other Operating Expenses 0 -49.00 -51.00 -46.00
Operating Income -9,585.00 -8,891.00 -13,017.00 -12,217.00
EBT -9,527.00 -8,860.00 -12,934.00 -12,246.00
Income Tax 14.00 29.00 137.00 -59.00
Net Income Including Non-Controlling Interests -9,541.00 -8,889.00 -13,071.00 -12,187.00
Net Income -9,541.00 -8,889.00 -13,071.00 -12,187.00
EBIT -9,585.00 -8,891.00 -13,017.00 -12,217.00
Deprecation and Amortization 46.00 56.00 64.00 53.00
EBITDA -9,539.00 -8,835.00 -12,953.00 -12,164.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 37,650.18 29,007.79 28,808.09 26,133.77
Average Shares Outstanding Diluted 37,650.18 29,007.79 28,808.09 26,133.77
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -6,818.00 -7,310.00 -12,499.00 -9,063.00
   Operating Net Income -9,541.00 -8,889.00 -13,071.00 -12,187.00
   Deprecation and Amortization 46.00 56.00 64.00 53.00
   Deferred Income Tax 14.00 29.00 174.00 -217.00
   Share Based Compensation 2,556.00 1,689.00 2,247.00 1,861.00
   Change in Working Capital 112.00 -195.00 -1,835.00 1,409.00
   Other Operating Activities -5.00 0.00 -78.00 18.00
Investing Cash Flow -3.00 -17.00 -102.00 -17.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -3.00 -17.00 -47.00 -17.00
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 0.00 0.00 -55.00 0.00
Financing Cash Flow 4,476.00 6,036.00 13.00 25,381.00
   Net Issuance/Repayment of Debt 0 0 0 0
   Net Issuance/Repurchase of Equity 3,960.00 6,616.00 0 21,805.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 0 0 0
Net Change in Cash -2,345.00 -1,291.00 -12,588.00 16,301.00
   Cash at Beginning of Period 11,085.00 12,376.00 24,964.00 8,663.00
   Cash at End of Period 8,740.00 11,085.00 12,376.00 24,964.00
Free Cash Flow -6,821.00 -7,327.00 -12,546.00 -9,080.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 17,407.00 19,667.00 21,600.00 9,390.00 7,741.00
   Current Assets 17,007.00 19,311.00 21,218.00 8,972.00 7,340.00
      Cash and Short-Term Investments 8,574.00 10,858.00 12,573.00 8,660.00 6,915.00
            Cash and Cash Equivalents 8,574.00 10,858.00 12,573.00 8,660.00 6,915.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 0 0 126.00 126.00 42.00
      Inventory 0 0 0 0 0
      Other Current Assets 8,433.00 8,453.00 8,519.00 186.00 383.00
   Non-Current Assets 400.00 356.00 382.00 418.00 401.00
      Property, Plant, Equipment Net 308.00 269.00 284.00 332.00 381.00
      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 14.00
      Other Non-Current Assets 0 0 0 86.00 6.00
Liabilities 2,173.00 2,411.00 2,221.00 1,310.00 1,289.00
   Current Liabilities 1,571.00 1,844.00 1,623.00 1,176.00 1,111.00
      Payables and Expenses 899.00 1,094.00 1,070.00 667.00 521.00
            Account Payables 216.00 383.00 134.00 132.00 184.00
            Current Accrued Liabilities 417.00 437.00 641.00 535.00 337.00
      Short-Term Debt 170.00 194.00 169.00 170.00 162.00
      Other Current Liabilities 502.00 556.00 384.00 339.00 428.00
   Non-Current Liabilities 602.00 567.00 598.00 134.00 178.00
      Long-Term Debt 41.00 9.00 51.00 102.00 147.00
      Other Non-Current Liabilities 561.00 558.00 547.00 32.00 31.00
Equity 15,234.00 17,256.00 19,379.00 8,080.00 6,452.00
   Shareholders Equity 15,234.00 17,256.00 19,379.00 8,080.00 6,452.00
      Capital Stock 1.00 1.00 1.00 1.00 1.00
      Share Premium 137,542.00 136,364.00 135,831.00 121,965.00 117,979.00
      Retained Earnings -122,350.00 -119,150.00 -116,494.00 -113,927.00 -111,569.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 41.00 41.00 41.00 41.00 41.00
   Minority Interest 0 0 0 0 0
Debt 211.00 203.00 220.00 272.00 309.00
Common Shares Outstanding 45,664.51 45,452.17 45,420.68 38,837.22 36,512.21
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenues 0 0 42.00 82.00 42.00 0
Cost Of Revenue 0 0 42.00 82.00 42.00 0
Interest Income 0 12.00 0 0 0 20.00
Non-Interest Expense 1,613.00 1,148.00 1,440.00 1,136.00 1,544.00 0
Operating Expenses 3,256.00 2,668.00 2,563.00 2,337.00 3,021.00 0
   Selling, General and Administrative Expenses 1,613.00 1,148.00 1,440.00 1,136.00 1,544.00 0
   Research and Development Expenses 1,643.00 1,520.00 1,123.00 1,201.00 1,477.00 0
Operating Income -3,256.00 -2,668.00 -2,563.00 -2,337.00 -3,021.00 0
EBT -3,200.00 -2,656.00 -2,567.00 -2,344.00 -3,021.00 0
Income Tax 0 0 0 14.00 0 0
Net Income Including Non-Controlling Interests -3,200.00 -2,656.00 -2,567.00 -2,358.00 -3,021.00 0
Net Income -3,200.00 -2,656.00 -2,567.00 -2,358.00 -3,021.00 0
EBIT -3,256.00 -2,668.00 -2,563.00 -2,337.00 -3,021.00 0
Deprecation and Amortization 8.00 7.00 8.00 11.00 11.00 0
EBITDA -3,248.00 -2,661.00 -2,555.00 -2,326.00 -3,010.00 0
EPS -0.00 -0.00 -0.00 0 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 0 -0.00 -0.00
Average Shares Outstanding Basic 47,089.81 46,836.70 43,377.39 0 37,644.61 37,090.16
Average Shares Outstanding Diluted 47,089.81 46,836.70 43,377.39 0 37,644.61 37,090.16
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow -2,502.00 -1,631.00 -1,404.00 -1,467.00 -2,154.00
   Operating Net Income -3,200.00 -2,656.00 -2,567.00 -2,358.00 -3,021.00
   Deprecation and Amortization 8.00 7.00 8.00 11.00 11.00
   Deferred Income Tax 0 0 0 14.00 0
   Share Based Compensation 927.00 509.00 604.00 566.00 928.00
   Change in Working Capital -211.00 487.00 555.00 295.00 -76.00
   Other Operating Activities 0 0 0 5.00 0
Investing Cash Flow -43.00 -29.00 -8.00 -3.00 0
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -43.00 -29.00 -8.00 -3.00 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0.00 0.00 0.00 0.00 0
Financing Cash Flow 250.00 -51.00 13,337.00 3,217.00 13.00
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 71.00 0 13,373.00 3,359.00 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 179.00 -51.00 -36.00 -142.00 13.00
Net Change in Cash -2,295.00 -1,711.00 11,925.00 1,747.00 -2,141.00
   Cash at Beginning of Period 18,954.00 20,665.00 8,740.00 6,993.00 9,134.00
   Cash at End of Period 16,688.00 18,954.00 20,665.00 8,740.00 6,993.00
Free Cash Flow -2,545.00 -1,660.00 -1,412.00 -1,470.00 -2,154.00