FENC
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Price to Earnings | -316.00 | -18.70 | -10.67 | -6.57 | |
| Price to Sales | 3.63 | 14.03 | 164.38 | 886.90 | |
| Book Value Per Common Share | -0.43 | -0.86 | -0.19 | 0.61 | 1.12 |
| Price to Book | -14.81 | -13.05 | -49.26 | 7.26 | 6.66 |
| Price to Operating Cash Flow | 6.39 | -17.39 | -13.97 | -0.01 | -11.32 |
| Price to Free Cash Flow | |||||
| Enterprise Value to EBITDA | 362584.36 |
| 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 | -52.00 | -51.88 | -152.25 | 83.33 | 22.63 | 27.12 | -15.02 | -20.53 | -36.17 | -12.46 | -16.41 | -40.00 | -18.84 | -21.44 | -34.50 | |||||
| Price to Sales | 8.40 | 12.46 | 19.19 | 3.45 | 5.10 | 11.85 | 17.30 | 46.72 | 131.85 | |||||||||||
| Book Value Per Common Share | -0.32 | -0.54 | -0.43 | -0.43 | -0.38 | -0.10 | 0.11 | -0.86 | -0.79 | -0.73 | -0.56 | -0.19 | 0.11 | 0.33 | 0.48 | 0.61 | 0.73 | 0.86 | 0.96 | 1.12 |
| Price to Book | -29.24 | -15.42 | -14.29 | -14.81 | -13.26 | -61.53 | 100.00 | -13.05 | -9.50 | -12.03 | -14.97 | -49.26 | 75.84 | 17.03 | 11.64 | 7.26 | 12.88 | 8.51 | 6.48 | 6.66 |
| Price to Operating Cash Flow | -39.83 | -28.64 | -38.89 | 4.81 | 5.43 | 7.70 | -16.22 | -24.54 | -39.62 | -18.78 | -23.29 | -51.00 | -22.32 | -23.64 | -44.93 | |||||
| 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 | 123.69 | 1284.50 | |||
| 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 | -77.78 | -34.15 | 409900.00 | |||||||||||||||||
| Revenue YoY | 67.72 | 110.30 | 21.37 | 28.62 | 730.40 | 130.25 | 198.27 | 9.25 | ||||||||||||
| EBITDA YoY | ||||||||||||||||||||
| Net Profit YoY | -78.73 | -43.26 | -13.65 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.98 | 0.50 | 0.90 | 811.35 | 1.28 |
| Quick Ratio | 5.71 | 2.92 | 5.49 | ||
| Current Ratio | 6.38 | 3.56 | 5.80 | 13.54 | 13.39 |
| Debt to Equity | -8.65 | -3.31 | -11.49 | 0.42 | 0.08 |
| Long-Term Debt to Equity | -7.48 | -2.66 | -9.69 | 0.32 | 0.00 |
| 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 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 0.79 | 0.68 | 0.82 | 0.97 | 1.47 | 1.58 | 1.89 | 0.49 | 0.47 | 0.57 | 0.69 | 0.90 | 1.14 | 0.57 | 0.70 | 0.81 | 0.94 | 1.05 | 1.03 | 1.17 |
| Quick Ratio | 4.21 | 4.30 | 4.55 | 5.71 | 7.16 | 7.14 | 6.25 | 2.92 | 4.33 | 4.61 | 4.99 | 5.49 | ||||||||
| Current Ratio | 4.69 | 4.85 | 5.13 | 6.38 | 7.80 | 8.02 | 6.93 | 3.56 | 4.84 | 5.12 | 5.39 | 5.80 | 10.30 | 5.12 | 8.96 | 13.54 | 33.11 | 9.62 | 13.39 | |
| Debt to Equity | -11.97 | -7.01 | -8.89 | -8.65 | -12.39 | -47.54 | 21.96 | -3.31 | -2.81 | -3.00 | -3.97 | -11.49 | 9.86 | 0.82 | 0.53 | 0.42 | 0.37 | 0.26 | 0.12 | 0.08 |
| Long-Term Debt to Equity | -9.78 | -5.89 | -7.47 | -7.48 | -10.96 | -41.83 | 18.69 | -2.66 | -2.44 | -2.61 | -3.43 | -9.69 | 8.81 | 0.47 | 0.36 | 0.32 | 0.26 | 0.22 | 0.00 | 0.00 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| ROA | -0.97 | -59.73 | -88.03 | ||
| ROE | 7.43 | 138.06 | 923.08 | ||
| Gross Margin | 94.08 | 94.40 | |||
| Operating Margin | 8.41 | -75.50 | -1544.89 | -9054.50 | |
| EBITDA Margin | 10.09 | ||||
| Net Profit Margin | -0.92 | -75.50 | -1544.89 |
| 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 | -10.06 | -9.62 | -2.51 | 2.63 | 11.53 | 18.55 | -70.23 | -59.14 | -27.73 | -55.42 | -56.32 | -19.30 | -49.66 | -31.07 | ||||||
| ROE | 110.29 | 57.85 | 19.81 | -29.96 | -536.77 | 425.91 | 126.89 | 118.19 | 82.46 | -601.61 | -102.66 | -29.51 | -67.95 | -39.20 | ||||||
| Gross Margin | 95.02 | 95.14 | 94.34 | |||||||||||||||||
| Operating Margin | -10.31 | -17.01 | -6.55 | 11.74 | 22.32 | 50.59 | -116.03 | -229.83 | -360.88 | |||||||||||
| EBITDA Margin | -10.06 | -16.74 | -6.25 | |||||||||||||||||
| Net Profit Margin | -16.05 | -23.46 | -13.31 | 3.91 | 22.32 | 50.59 | -116.03 | -229.83 | -360.88 |
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 | 44,946.00 | 26,864.00 | 26,939.00 | 22,414.00 | 31,417.00 |
| Current Assets | 44,124.00 | 26,858.00 | 26,728.00 | 22,387.00 | 31,417.00 |
| Cash and Short-Term Investments | 26,634.00 | 13,269.00 | 23,774.00 | 21,100.00 | 30,344.00 |
| Cash and Cash Equivalents | 26,634.00 | 13,269.00 | 23,774.00 | 21,100.00 | 30,344.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 12,884.00 | 8,814.00 | 1,545.00 | 0 | 0 |
| Inventory | 1,060.00 | 2,156.00 | 576.00 | 0 | 0 |
| Other Current Assets | 3,546.00 | 2,619.00 | 833.00 | 1,287.00 | 1,073.00 |
| Non-Current Assets | 822.00 | 6.00 | 211.00 | 27.00 | 0.00 |
| Property, Plant, Equipment Net | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 |
| Liabilities | 50,818.00 | 38,486.00 | 29,508.00 | 6,642.00 | 2,347.00 |
| Current Liabilities | 6,919.00 | 7,553.00 | 4,609.00 | 1,654.00 | 2,347.00 |
| Payables and Expenses | 6,669.00 | 7,532.00 | 4,609.00 | 1,654.00 | 2,347.00 |
| Account Payables | 3,241.00 | 3,778.00 | 2,390.00 | 777.00 | 1,571.00 |
| Current Accrued Liabilities | 3,428.00 | 3,754.00 | 2,219.00 | 877.00 | 776.00 |
| Short-Term Debt | 2.00 | 21.00 | 0 | 0 | 0 |
| Other Current Liabilities | 248.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Liabilities | 43,899.00 | 30,933.00 | 24,899.00 | 4,988.00 | 0.00 |
| Long-Term Debt | 0 | 2.00 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 30,931.00 | 0 | 0 | 0 |
| Equity | -5,872.00 | -11,622.00 | -2,569.00 | 15,772.00 | 29,070.00 |
| Shareholders Equity | -11,744.00 | -23,244.00 | -5,138.00 | 15,772.00 | 29,070.00 |
| Capital Stock | 145,608.00 | 144,307.00 | 142,591.00 | 140,801.00 | 140,733.00 |
| Share Premium | 66,958.00 | 62,073.00 | 56,797.00 | 53,214.00 | 49,234.00 |
| Retained Earnings | -219,681.00 | -219,245.00 | -203,200.00 | -179,486.00 | -162,140.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 2.00 | 46.00 | 24,899.00 | 0 | 0 |
| Net Debt | 0 | 0 | 1,125.00 | 0 | 0 |
| Common Shares Outstanding | 27,527.00 | 27,027.00 | 26,361.00 | 26,014.00 | 26,003.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Revenues | 47,538.00 | 21,252.00 | 1,535.00 | 0 | 200.00 |
| Cost Of Revenue | 0 | 1,259.00 | 86.00 | 0 | 0 |
| Gross Profit | 0 | 19,993.00 | 1,449.00 | 0 | 0 |
| Operating Expenses | 44,970.00 | 32,764.00 | 24,038.00 | 17,223.00 | 18,055.00 |
| Selling, General and Administrative Expenses | 41,479.00 | 32,708.00 | 20,507.00 | 12,242.00 | 12,950.00 |
| Research and Development Expenses | 307.00 | 56.00 | 3,531.00 | 4,981.00 | 5,105.00 |
| Other Operating Expenses | 3,184.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | 2,568.00 | -12,771.00 | -22,589.00 | -17,223.00 | -17,885.00 |
| Net Non-Operating Income | -2,639.00 | -3,274.00 | -1,125.00 | -123.00 | -224.00 |
| Interest Income | 5,751.00 | 0 | 0 | 0 | 0 |
| Interest Expense | 4,069.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Interest | 1,682.00 | 441.00 | 0 | 0 | 0 |
| EBT | -71.00 | -16,045.00 | -23,714.00 | -17,346.00 | -18,109.00 |
| Income Tax | 365.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | -436.00 | -16,045.00 | -23,714.00 | 0 | 0 |
| EBIT | 3,998.00 | -16,045.00 | -23,714.00 | -17,346.00 | -18,109.00 |
| Deprecation and Amortization | 800.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 4,798.00 | 0 | 0 | 0 | 0 |
| 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 | 27,294.00 | 26,574.00 | 26,275.00 | 26.01 | 23,704.00 |
| Average Shares Outstanding Diluted | 27,294.00 | 26,574.00 | 26,275.00 | 26.01 | 23,704.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Operating Cash Flow | 26,980.00 | -17,143.00 | -18,058.00 | -14,222.00 | -15,595.00 |
| Operating Net Income | -436.00 | -16,045.00 | -23,714.00 | -34,692.00 | -36,218.00 |
| Deprecation and Amortization | 800.00 | 0 | 0 | 0 | 0 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 5,061.00 | 5,354.00 | 4,087.00 | 3,749.00 | 2,791.00 |
| Change in Working Capital | 30,949.00 | 10,706.00 | 4,805.00 | -454.00 | 99.00 |
| Other Operating Activities | -9,394.00 | -17,158.00 | -3,236.00 | 17,175.00 | 17,733.00 |
| Investing Cash Flow | 0 | 0 | 0 | 0 | 0 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | -13,615.00 | 6,638.00 | 20,732.00 | 4,978.00 | 32,289.00 |
| Net Issuance/Repayment of Debt | 13,000.00 | 4,997.00 | 24,935.00 | 5,000.00 | 0 |
| Net Issuance/Repurchase of Equity | 1,301.00 | 1,716.00 | 928.00 | 33.00 | 32,429.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -27,916.00 | -75.00 | -5,131.00 | -55.00 | -140.00 |
| Net Change in Cash | 13,365.00 | -10,505.00 | 2,674.00 | -9,244.00 | 16,694.00 |
| Cash at Beginning of Period | 13,269.00 | 23,774.00 | 21,100.00 | 30,344.00 | 0 |
| Cash at End of Period | 26,634.00 | 13,269.00 | 23,774.00 | 21,100.00 | 0 |
| 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 | 49,261.00 | 44,876.00 | 46,403.00 | 44,946.00 | 58,921.00 | 63,161.00 | 69,193.00 | 26,864.00 | 19,028.00 | 19,437.00 | 21,821.00 | 26,939.00 | 30,417.00 | 15,568.00 | 19,149.00 | 22,414.00 | 26,014.00 | 28,115.00 | 27,825.00 | 31,417.00 |
| Current Assets | 46,064.00 | 40,794.00 | 42,975.00 | 44,124.00 | 57,965.00 | 62,172.00 | 68,171.00 | 26,858.00 | 18,946.00 | 19,331.00 | 21,662.00 | 26,728.00 | 30,153.00 | 15,554.00 | 19,128.00 | 22,387.00 | 0 | 28,074.00 | 27,825.00 | 31,417.00 |
| Cash and Short-Term Investments | 21,947.00 | 18,705.00 | 22,675.00 | 26,634.00 | 40,320.00 | 43,054.00 | 51,184.00 | 13,269.00 | 12,399.00 | 14,958.00 | 18,390.00 | 23,774.00 | 29,752.00 | 14,915.00 | 18,259.00 | 21,100.00 | 24,335.00 | 27,293.00 | 26,751.00 | 30,344.00 |
| Cash and Cash Equivalents | 21,947.00 | 18,705.00 | 22,675.00 | 26,634.00 | 40,320.00 | 43,054.00 | 51,184.00 | 13,269.00 | 12,399.00 | 14,958.00 | 18,390.00 | 23,774.00 | 29,752.00 | 14,915.00 | 18,259.00 | 21,100.00 | 24,335.00 | 27,293.00 | 26,751.00 | 30,344.00 |
| 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 | 19,343.00 | 17,502.00 | 15,448.00 | 12,884.00 | 12,908.00 | 12,312.00 | 10,274.00 | 8,814.00 | 4,525.00 | 2,445.00 | 1,683.00 | 1,545.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 2,477.00 | 2,201.00 | 1,404.00 | 1,060.00 | 1,125.00 | 2,144.00 | 2,064.00 | 2,156.00 | 1,755.00 | 1,439.00 | 918.00 | 576.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 2,297.00 | 2,386.00 | 3,448.00 | 3,546.00 | 3,612.00 | 4,662.00 | 4,649.00 | 2,619.00 | 267.00 | 489.00 | 671.00 | 833.00 | 401.00 | 639.00 | 869.00 | 1,287.00 | 0 | 781.00 | 1,074.00 | 1,073.00 |
| Non-Current Assets | 3,197.00 | 4,082.00 | 3,428.00 | 822.00 | 956.00 | 989.00 | 1,022.00 | 6.00 | 82.00 | 106.00 | 159.00 | 211.00 | 264.00 | 14.00 | 21.00 | 27.00 | 0 | 41.00 | 0.00 | 0.00 |
| Property, Plant, Equipment Net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 2,454.00 | 3,314.00 | 2,634.00 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 743.00 | 768.00 | 794.00 | 0 | 0 | 0 | 0 | 0 | 53.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 53,753.00 | 52,339.00 | 52,283.00 | 50,818.00 | 64,092.00 | 64,518.00 | 66,179.00 | 38,486.00 | 29,559.00 | 29,164.00 | 29,160.00 | 29,508.00 | 27,615.00 | 7,027.00 | 6,625.00 | 6,642.00 | 7,001.00 | 5,834.00 | 2,892.00 | 2,347.00 |
| Current Liabilities | 9,815.00 | 8,414.00 | 8,371.00 | 6,919.00 | 7,435.00 | 7,749.00 | 9,836.00 | 7,553.00 | 3,913.00 | 3,778.00 | 4,020.00 | 4,609.00 | 2,927.00 | 3,037.00 | 2,136.00 | 1,654.00 | 2,014.00 | 848.00 | 2,892.00 | 2,347.00 |
| Payables and Expenses | 9,567.00 | 8,166.00 | 8,123.00 | 6,669.00 | 7,180.00 | 7,485.00 | 9,567.00 | 7,532.00 | 3,892.00 | 3,778.00 | 4,020.00 | 4,609.00 | 2,927.00 | 2,037.00 | 1,636.00 | 1,654.00 | 2,014.00 | 848.00 | 2,892.00 | 2,347.00 |
| Account Payables | 5,866.00 | 5,941.00 | 5,280.00 | 3,241.00 | 3,867.00 | 4,447.00 | 5,204.00 | 3,778.00 | 2,941.00 | 3,005.00 | 2,947.00 | 2,390.00 | 2,533.00 | 1,743.00 | 1,224.00 | 777.00 | 1,154.00 | 677.00 | 2,508.00 | 1,571.00 |
| Current Accrued Liabilities | 3,701.00 | 2,225.00 | 2,843.00 | 3,428.00 | 3,313.00 | 3,038.00 | 4,363.00 | 3,754.00 | 951.00 | 773.00 | 1,073.00 | 2,219.00 | 394.00 | 294.00 | 412.00 | 877.00 | 860.00 | 171.00 | 384.00 | 776.00 |
| Short-Term Debt | 0 | 0 | 0 | 2.00 | 7.00 | 12.00 | 17.00 | 21.00 | 21.00 | 0 | 0 | 0 | 0 | 1,000.00 | 500.00 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 248.00 | 248.00 | 248.00 | 248.00 | 248.00 | 252.00 | 252.00 | 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 |
| Non-Current Liabilities | 43,938.00 | 43,925.00 | 43,912.00 | 43,899.00 | 56,657.00 | 56,769.00 | 56,343.00 | 30,933.00 | 25,646.00 | 25,386.00 | 25,140.00 | 24,899.00 | 24,688.00 | 3,990.00 | 4,489.00 | 4,988.00 | 4,987.00 | 4,986.00 | 0.00 | 0.00 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.00 | 15.00 | 0 | 0 | 0 | 25,000.00 | 4,000.00 | 4,500.00 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,931.00 | 25,631.00 | 0 | 0 | 0 | -312.00 | -10.00 | -11.00 | 0 | 0 | 0 | 0 | 0 |
| Equity | -4,492.00 | -7,463.00 | -5,880.00 | -5,872.00 | -5,171.00 | -1,357.00 | 3,014.00 | -11,622.00 | -10,531.00 | -9,727.00 | -7,339.00 | -2,569.00 | 2,802.00 | 8,541.00 | 12,524.00 | 15,772.00 | 19,013.00 | 22,281.00 | 24,933.00 | 29,070.00 |
| Shareholders Equity | -8,984.00 | -14,926.00 | -11,760.00 | -11,744.00 | -10,342.00 | -2,714.00 | 3,014.00 | -23,244.00 | -21,062.00 | -19,454.00 | -14,678.00 | -5,138.00 | 2,802.00 | 8,541.00 | 12,524.00 | 15,772.00 | 19,013.00 | 22,281.00 | 24,933.00 | 29,070.00 |
| Capital Stock | 147,652.00 | 146,165.00 | 145,979.00 | 145,608.00 | 145,438.00 | 145,281.00 | 144,934.00 | 144,307.00 | 143,560.00 | 143,345.00 | 142,804.00 | 142,591.00 | 141,309.00 | 140,922.00 | 140,832.00 | 140,801.00 | 140,780.00 | 140,780.00 | 140,733.00 | 140,733.00 |
| Share Premium | 71,249.00 | 69,127.00 | 67,744.00 | 66,958.00 | 65,844.00 | 64,080.00 | 63,245.00 | 62,073.00 | 61,229.00 | 60,381.00 | 57,866.00 | 56,797.00 | 56,593.00 | 54,630.00 | 53,631.00 | 53,214.00 | 52,049.00 | 51,132.00 | 49,830.00 | 49,234.00 |
| Retained Earnings | -224,636.00 | -223,998.00 | -220,846.00 | -219,681.00 | -217,696.00 | -211,961.00 | -206,408.00 | -219,245.00 | -216,563.00 | -214,696.00 | -209,252.00 | -203,200.00 | -196,343.00 | -188,254.00 | -183,182.00 | -179,486.00 | -175,059.00 | -170,874.00 | -166,873.00 | -162,140.00 |
| 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 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 | 1,243.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2,454.00 | 3,314.00 | 2,634.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 19,377.00 | 19,364.00 | 19,351.00 | 2.00 | 7.00 | 12.00 | 17.00 | 46.00 | 57.00 | 25,386.00 | 25,140.00 | 24,899.00 | 25,000.00 | 5,000.00 | 5,000.00 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | 0 | 659.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,428.00 | 6,750.00 | 1,125.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Shares Outstanding | 28,062.00 | 27,733.00 | 27,594.00 | 27,527.00 | 27,422.00 | 27,329.00 | 27,105.00 | 27,027.00 | 26,635.00 | 26,509.00 | 26,411.00 | 26,361.00 | 26,238.00 | 26,067.00 | 26,040.00 | 26,014.00 | 26,007.00 | 26,007.00 | 26,003.00 | 26,003.00 |
| 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 | 30,865.00 | 18,403.00 | 8,751.00 | -50,091.00 | 39,613.00 | 32,639.00 | 25,377.00 | 3,056.00 | 11,517.00 | 5,002.00 | 1,677.00 | 1,535.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 |
| Cost Of Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 347.00 | 574.00 | 243.00 | 95.00 | 86.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,709.00 | 10,943.00 | 4,759.00 | 1,582.00 | 1,449.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 34,593.00 | 21,943.00 | 9,559.00 | -26,710.00 | 36,111.00 | 23,935.00 | 11,634.00 | -10,679.00 | 21,896.00 | 14,695.00 | 6,852.00 | -4,517.00 | 16,454.00 | 8,555.00 | 3,546.00 | -9,559.00 | 13,016.00 | 8,843.00 | 4,923.00 |
| Selling, General and Administrative Expenses | 32,363.00 | 20,402.00 | 9,092.00 | -25,558.00 | 33,339.00 | 22,617.00 | 11,081.00 | -10,695.00 | 21,872.00 | 14,683.00 | 6,848.00 | -629.00 | 13,040.00 | 5,987.00 | 2,109.00 | -4,450.00 | 8,558.00 | 5,627.00 | 2,507.00 |
| Research and Development Expenses | 230.00 | 201.00 | 94.00 | -113.00 | 257.00 | 160.00 | 3.00 | 16.00 | 24.00 | 12.00 | 4.00 | -3,888.00 | 3,414.00 | 2,568.00 | 1,437.00 | -5,109.00 | 4,458.00 | 3,216.00 | 2,416.00 |
| Other Operating Expenses | 2,000.00 | 1,340.00 | 373.00 | -1,039.00 | 2,515.00 | 1,158.00 | 550.00 | 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 | -3,728.00 | -3,540.00 | -808.00 | -23,381.00 | 3,502.00 | 8,704.00 | 13,743.00 | 13,388.00 | -10,953.00 | -9,936.00 | -5,270.00 | 5,966.00 | -16,454.00 | -8,555.00 | -3,546.00 | 9,559.00 | -13,016.00 | -8,843.00 | -4,923.00 |
| Net Non-Operating Income | -1,226.00 | -777.00 | -357.00 | 1,640.00 | -1,953.00 | -1,420.00 | -906.00 | 1,478.00 | -2,410.00 | -1,560.00 | -782.00 | -359.00 | -403.00 | -213.00 | -150.00 | -519.00 | 97.00 | 109.00 | 190.00 |
| Interest Income | 2,331.00 | 1,593.00 | 828.00 | 1,365.00 | 4,386.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1,772.00 | 1,186.00 | 592.00 | 966.00 | 3,103.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -9.00 | 0.00 | 9.00 | 0.00 |
| Net Interest | 559.00 | 407.00 | 236.00 | -565.00 | 1,283.00 | 767.00 | 197.00 | 115.00 | 326.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBT | -4,954.00 | -4,317.00 | -1,165.00 | -21,741.00 | 1,549.00 | 7,284.00 | 12,837.00 | 14,866.00 | -13,363.00 | -11,496.00 | -6,052.00 | 5,607.00 | -16,857.00 | -8,768.00 | -3,696.00 | 9,040.00 | -12,919.00 | -8,734.00 | -4,733.00 |
| Income Tax | 0.00 | 0.00 | 0.00 | 365.00 | 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 | -4,954.00 | -4,317.00 | -1,165.00 | -22,106.00 | 1,549.00 | 7,284.00 | 12,837.00 | 14,866.00 | -13,363.00 | -11,496.00 | -6,052.00 | 5,607.00 | -16,857.00 | -8,768.00 | -3,696.00 | 0 | -12,919.00 | -8,734.00 | 0 |
| EBIT | -3,182.00 | -3,131.00 | -573.00 | -20,775.00 | 4,652.00 | 7,284.00 | 12,837.00 | 14,866.00 | -13,363.00 | -11,496.00 | -6,052.00 | 5,607.00 | -16,857.00 | -8,768.00 | -3,696.00 | 9,031.00 | -12,919.00 | -8,725.00 | -4,733.00 |
| Deprecation and Amortization | 77.00 | 51.00 | 26.00 | 800.00 | 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 |
| EBITDA | -3,105.00 | -3,080.00 | -547.00 | 4,798.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | -0.00 |
| 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 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 27,711.00 | 27,621.00 | 27,578.00 | 27,510.00 | 27,371.00 | 27,250.00 | 27,045.00 | 26,743.00 | 26,523.00 | 26,471.00 | 26,559.00 | 26,909.00 | 26,105.00 | 26,067.00 | 26,019.00 | -77,905.98 | 26,004.00 | 26,003.00 | 26,003.00 |
| Average Shares Outstanding Diluted | 27,711.00 | 27,621.00 | 27,578.00 | 19,716.00 | 28,015.00 | 30,354.00 | 31,091.00 | 26,743.00 | 26,523.00 | 26,471.00 | 26,559.00 | 26,909.00 | 26,105.00 | 26,067.00 | 26,019.00 | -77,905.98 | 26,004.00 | 26,003.00 | 26,003.00 |
| 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 | -6,511.00 | -8,004.00 | -4,318.00 | -71,181.00 | 28,454.00 | 30,660.00 | 39,047.00 | 10,240.00 | -12,283.00 | -9,523.00 | -5,577.00 | 2,300.00 | -11,256.00 | -6,246.00 | -2,856.00 | 8,367.00 | -10,977.00 | -8,019.00 | -3,593.00 |
| Operating Net Income | -4,954.00 | -4,317.00 | -1,165.00 | -22,106.00 | 1,549.00 | 7,284.00 | 12,837.00 | 14,866.00 | -13,363.00 | -11,496.00 | -6,052.00 | 5,607.00 | -16,857.00 | -8,768.00 | -3,696.00 | -3,573.00 | -12,919.00 | -8,734.00 | -9,466.00 |
| Deprecation and Amortization | 77.00 | 51.00 | 26.00 | 800.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 4,511.00 | 2,292.00 | 798.00 | -2,183.00 | 3,937.00 | 2,116.00 | 1,191.00 | -3,864.00 | 4,497.00 | 3,632.00 | 1,089.00 | -979.00 | 3,260.00 | 1,407.00 | 399.00 | -1,581.00 | 2,830.00 | 1,913.00 | 587.00 |
| Change in Working Capital | 11,531.00 | 10,274.00 | 6,974.00 | -62,513.00 | 32,023.00 | 30,744.00 | 30,695.00 | 6,063.00 | 3,595.00 | 1,066.00 | -18.00 | 4,803.00 | 513.00 | -166.00 | -345.00 | 969.00 | 102.00 | -1,889.00 | 364.00 |
| Other Operating Activities | -17,676.00 | -16,304.00 | -10,951.00 | 14,821.00 | -9,055.00 | -9,484.00 | -5,676.00 | -6,825.00 | -7,012.00 | -2,725.00 | -596.00 | -7,131.00 | 1,828.00 | 1,281.00 | 786.00 | 12,552.00 | -990.00 | 691.00 | 4,922.00 |
| Investing Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | 1,824.00 | 75.00 | 359.00 | -10,205.00 | -1,403.00 | -875.00 | -1,132.00 | 4,830.00 | 908.00 | 707.00 | 193.00 | 748.00 | 19,908.00 | 61.00 | 15.00 | -4,958.00 | 4,968.00 | 4,968.00 | 0 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 13,000.00 | 0 | 0 | 0 | 4,997.00 | 0 | 0 | 0 | -65.00 | 25,000.00 | 0 | 0 | -5,000.00 | 5,000.00 | 5,000.00 | 0 |
| Net Issuance/Repurchase of Equity | 1,985.00 | 186.00 | 371.00 | -804.00 | 504.00 | 974.00 | 627.00 | -220.00 | 969.00 | 754.00 | 213.00 | 603.00 | 249.00 | 61.00 | 15.00 | -15.00 | 24.00 | 24.00 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -161.00 | -111.00 | -12.00 | -22,401.00 | -1,907.00 | -1,849.00 | -1,759.00 | 53.00 | -61.00 | -47.00 | -20.00 | 210.00 | -5,341.00 | 0.00 | 0.00 | 57.00 | -56.00 | -56.00 | 0 |
| Net Change in Cash | -4,687.00 | -7,929.00 | -3,959.00 | -81,386.00 | 27,051.00 | 29,785.00 | 37,915.00 | 15,070.00 | -11,375.00 | -8,816.00 | -5,384.00 | 3,048.00 | 8,652.00 | -6,185.00 | -2,841.00 | 3,409.00 | -6,009.00 | -3,051.00 | -3,593.00 |
| Cash at Beginning of Period | 26,634.00 | 26,634.00 | 26,634.00 | 108,020.00 | 13,269.00 | 13,269.00 | 13,269.00 | -1,801.00 | 23,774.00 | 23,774.00 | 23,774.00 | 20,726.00 | 21,100.00 | 21,100.00 | 21,100.00 | 17,691.00 | 0 | 0 | 0 |
| Cash at End of Period | 21,947.00 | 18,705.00 | 22,675.00 | 26,634.00 | 40,320.00 | 43,054.00 | 51,184.00 | 13,269.00 | 12,399.00 | 14,958.00 | 18,390.00 | 23,774.00 | 29,752.00 | 14,915.00 | 18,259.00 | 21,100.00 | 0 | 0 | 0 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |