Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -0.79 -0.17 -0.33 -3.66
Price to Sales 0.21 0.13 0.52 8.71
Book Value Per Common Share 9.50 27.95 326.92 918.69
Price to Book 4.23 1.88 0.54 1.51
Price to Operating Cash Flow -2.51 -1.18 -1.09 -3.74
Price to Free Cash Flow -2.45 -1.16 -1.01 -3.14
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -1.91 -5.27 -15.13 -5.41
Price to Sales 1.30 0.84 0.98 1.43 2.82
Book Value Per Common Share 91.13 6.95 9.55 9.50 12.40
Price to Book 0.19 3.25 2.47 4.23 4.81
Price to Operating Cash Flow 127.08 -4.31 -4.23 -14.17 -9.81
Price to Free Cash Flow 139.72 -4.21 -4.19 -14.17 -9.71
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY -21.78 127.75 271.95
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 -34.12 25.54 -11.56 84.11
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 19.13 23.06 90.92 667.49
Quick Ratio 0.71 0.70 1.03 7.06
Current Ratio 1.05 1.31 1.79 7.84
Debt to Equity 4.82 2.69 0.44 0.11
Long-Term Debt to Equity 0.64 0.15 0.13 0.03
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 17.80 2.67 7.52 12.68 12.31
Quick Ratio 1.77 0.48 0.61 0.71 0.59
Current Ratio 2.08 0.96 1.05 1.05 1.02
Debt to Equity 0.14 4.63 3.71 4.82 4.65
Long-Term Debt to Equity 0.01 1.20 1.06 0.64 0.62

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -60.65 -241.41 -64.72 -24.86
ROE -352.71 -890.63 -92.91 -27.62
Gross Margin 21.00 23.32 39.67 27.00
Operating Margin -26.67 -63.37 -61.37 -238.61
EBITDA Margin -25.38 -60.10 -53.50 -233.03
Net Profit Margin -26.73 -74.98 -156.93 -236.63
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA -9.00 -10.64 -3.38 -23.37 -12.88
ROE -10.26 -59.96 -15.93 -135.92 -72.74
Gross Margin 3.44 19.13 24.50 19.79 6.84
Operating Margin -36.40 -15.59 -5.68 -44.97 -32.69
EBITDA Margin -34.34 -14.27 -4.13 -43.39 -29.57
Net Profit Margin -68.31 -16.30 -6.43 -46.00 -52.13

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 26,227.00 23,626.00 80,987.00 85,479.00
   Current Assets 19,763.00 21,364.00 31,155.00 47,943.00
      Cash and Short-Term Investments 6,017.00 4,350.00 8,935.00 37,614.00
            Cash and Cash Equivalents 6,017.00 4,350.00 8,935.00 37,614.00
            Short-Term Investments 0 0 0 0
      Net Receivables 7,302.00 7,103.00 8,959.00 5,597.00
      Inventory 5,771.00 8,508.00 8,747.00 3,030.00
      Other Current Assets 673.00 1,403.00 4,514.00 1,702.00
   Non-Current Assets 6,464.00 2,262.00 49,832.00 37,536.00
      Property, Plant, Equipment Net 1,609.00 1,236.00 3,336.00 4,979.00
      Real Estate 0 0 0 2,670.00
      Goodwill 2,006.00 0 23,372.00 20,054.00
      Intangible Assets 2,746.00 946.00 17,739.00 9,736.00
      Long-Term Investments 0 0 730.00 2,670.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 0 0 0 -2,573.00
Liabilities 21,717.00 17,222.00 24,575.00 8,538.00
   Current Liabilities 18,832.00 16,280.00 17,447.00 6,119.00
      Payables and Expenses 8,190.00 6,955.00 9,591.00 3,656.00
            Account Payables 5,464.00 5,111.00 7,831.00 2,415.00
            Current Accrued Liabilities 2,726.00 1,844.00 1,760.00 1,241.00
      Short-Term Debt 2,871.00 2,730.00 2,202.00 430.00
      Other Current Liabilities 7,771.00 6,595.00 5,654.00 2,033.00
   Non-Current Liabilities 2,885.00 942.00 7,128.00 2,419.00
      Long-Term Debt 2,029.00 942.00 1,561.00 908.00
      Other Non-Current Liabilities 856.00 0.00 5,567.00 1,511.00
Equity 4,510.00 6,404.00 56,412.00 76,941.00
   Shareholders Equity 4,510.00 6,404.00 56,823.00 77,166.00
      Capital Stock 0 0 0 0
      Share Premium 162,871.00 149,093.00 150,420.00 116,810.00
      Retained Earnings -158,140.00 -142,549.00 -90,865.00 -38,536.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -221.00 -140.00 -2,732.00 -1,108.00
   Minority Interest 0 0 -411.00 -225.00
Debt 4,900.00 3,672.00 3,763.00 1,338.00
Common Shares Outstanding 474.67 229.10 173.81 84.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 59,505.00 76,071.00 33,401.00 8,980.00
Cost Of Revenue 47,008.00 58,333.00 20,150.00 6,555.00
Interest Income 0 0 29.00 0
Interest Expense 213.00 92.00 0 32.00
Non-Interest Expense 23,078.00 23,335.00 28,777.00 17,756.00
Gross Profit 12,497.00 17,738.00 13,251.00 2,425.00
Operating Expenses 25,494.00 28,349.00 33,750.00 20,042.00
   Selling, General and Administrative Expenses 23,078.00 23,335.00 28,777.00 17,756.00
   Research and Development Expenses 418.00 62.00 388.00 132.00
   Other Operating Expenses 1,230.00 2,617.00 2,441.00 1,653.00
Operating Income -12,997.00 -10,611.00 -20,499.00 -17,617.00
EBT -16,084.00 -48,297.00 -48,108.00 -21,459.00
Income Tax -177.00 -1,628.00 -1,405.00 -98.00
Net Income Including Non-Controlling Interests -15,907.00 -56,347.00 -52,629.00 -21,361.00
Net Income Non-Controlling Interests 0 -689.00 214.00 112.00
Net Income -15,907.00 -57,036.00 -52,415.00 -21,249.00
EBIT -15,871.00 -48,205.00 -20,499.00 -21,427.00
Deprecation and Amortization 768.00 2,484.00 2,629.00 501.00
EBITDA -15,103.00 -45,721.00 -17,870.00 -20,926.00
EPS -0.05 -0.30 -0.53 -0.38
Diluted EPS -0.05 -0.30 -0.53 -0.38
Average Shares Outstanding Basic 314.54 188.62 98.28 56.35
Average Shares Outstanding Diluted 314.54 188.62 98.28 56.35
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -5,032.00 -8,396.00 -15,935.00 -20,939.00
   Operating Net Income -15,907.00 -56,347.00 -52,629.00 -21,361.00
   Deprecation and Amortization 768.00 2,484.00 2,629.00 501.00
   Deferred Income Tax -177.00 -1,617.00 -1,538.00 -98.00
   Share Based Compensation 2,779.00 1,591.00 3,404.00 1,340.00
   Change in Working Capital 3,145.00 -3,349.00 3,824.00 -5,058.00
   Other Operating Activities 4,360.00 48,842.00 28,375.00 3,737.00
Investing Cash Flow 203.00 -234.00 -15,802.00 -14,550.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -134.00 -163.00 -1,294.00 -3,983.00
   Net Purchase/Sale of Investments Net 0 0 0 -2,509.00
   Net Purchase/Sale of Business 64.00 0 -14,508.00 -8,087.00
   Other Investing Activities 0 0 0.00 29.00
Financing Cash Flow 6,494.00 3,150.00 4,413.00 58,397.00
   Net Issuance/Repayment of Debt 259.00 808.00 1.00 -302.00
   Net Issuance/Repurchase of Equity 7,502.00 2,738.00 4,745.00 42,617.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 0 0 16,082.00
Net Change in Cash 1,665.00 -5,480.00 -27,324.00 22,908.00
   Cash at Beginning of Period 4,385.00 8,935.00 37,616.00 15,523.00
   Cash at End of Period 6,052.00 4,385.00 8,935.00 37,616.00
Free Cash Flow -5,166.00 -8,559.00 -17,229.00 -24,922.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 74,016.00 22,667.00 22,395.00 26,227.00 29,284.00
   Current Assets 18,090.00 13,197.00 13,217.00 19,763.00 21,288.00
      Cash and Short-Term Investments 13,100.00 1,471.00 3,676.00 6,017.00 4,209.00
            Cash and Cash Equivalents 13,100.00 1,471.00 3,676.00 6,017.00 4,209.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 2,292.00 5,088.00 4,049.00 7,302.00 8,156.00
      Inventory 2,483.00 4,801.00 4,792.00 5,771.00 7,857.00
      Other Current Assets 215.00 1,837.00 700.00 673.00 1,066.00
   Non-Current Assets 55,926.00 9,470.00 9,178.00 6,464.00 7,996.00
      Property, Plant, Equipment Net 562.00 1,889.00 1,862.00 1,609.00 1,966.00
      Goodwill 0 4,698.00 4,526.00 2,006.00 2,150.00
      Intangible Assets 0 2,718.00 2,684.00 2,746.00 3,778.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 103.00 0
Liabilities 9,096.00 18,644.00 17,637.00 21,717.00 24,097.00
   Current Liabilities 8,697.00 13,808.00 12,590.00 18,832.00 20,893.00
      Payables and Expenses 5,184.00 6,328.00 6,308.00 8,190.00 9,831.00
            Account Payables 2,961.00 3,807.00 3,867.00 5,464.00 6,654.00
            Current Accrued Liabilities 2,223.00 2,521.00 2,441.00 2,726.00 3,177.00
      Short-Term Debt 2,874.00 3,814.00 3,125.00 2,871.00 3,067.00
      Other Current Liabilities 639.00 3,666.00 3,157.00 7,771.00 7,995.00
   Non-Current Liabilities 399.00 4,836.00 5,047.00 2,885.00 3,204.00
      Long-Term Debt 371.00 3,960.00 4,177.00 2,029.00 2,233.00
      Other Non-Current Liabilities 28.00 876.00 870.00 856.00 971.00
Equity 64,920.00 4,023.00 4,758.00 4,510.00 5,187.00
   Shareholders Equity 64,920.00 4,023.00 4,758.00 4,510.00 4,250.00
      Capital Stock 0 0 0 0 0
      Share Premium 232,609.00 165,082.00 163,852.00 162,871.00 156,075.00
      Retained Earnings -167,885.00 -161,310.00 -158,898.00 -158,140.00 -152,010.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 196.00 251.00 -196.00 -221.00 185.00
   Minority Interest 0 0 0 0 937.00
Debt 3,245.00 7,774.00 7,302.00 4,900.00 5,300.00
Net Debt 0 3,505.00 672.00 0 0
Common Shares Outstanding 712.36 578.68 498.35 474.67 342.73
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenues 9,748.00 14,796.00 11,786.00 13,326.00 7,238.00 0
Cost Of Revenue 9,413.00 11,966.00 8,898.00 10,689.00 6,743.00 0
Interest Expense 61.00 0 51.00 189.00 26.00 0
Non-Interest Expense 2,737.00 4,948.00 4,198.00 7,849.00 2,485.00 0
Gross Profit 335.00 2,830.00 2,888.00 2,637.00 495.00 0
Operating Expenses 3,611.00 5,137.00 4,910.00 7,656.00 2,611.00 0
   Selling, General and Administrative Expenses 2,737.00 4,948.00 4,198.00 7,849.00 2,485.00 0
   Research and Development Expenses 0 73.00 113.00 191.00 118.00 62.00
   Other Operating Expenses 867.00 -79.00 417.00 -595.00 118.00 0
Operating Income -3,276.00 -2,307.00 -2,022.00 -5,019.00 -2,116.00 0
EBT -3,609.00 -2,460.00 -720.00 -6,182.00 -2,392.00 0
Income Tax 18.00 -48.00 38.00 -106.00 -66.00 0
Net Income Including Non-Controlling Interests -6,659.00 -2,412.00 -758.00 -6,076.00 -3,800.00 0
Net Income Non-Controlling Interests 0 0 0 -54.00 27.00 27.00
Net Income -6,659.00 -2,412.00 -758.00 -6,130.00 -3,773.00 0
EBIT -3,548.00 -2,307.00 -669.00 -5,993.00 -2,366.00 0
Deprecation and Amortization 201.00 195.00 182.00 211.00 226.00 0
EBITDA -3,347.00 -2,112.00 -487.00 -5,782.00 -2,140.00 0
EPS -0.01 -0.00 -0.00 0 -0.01 -0.01
Diluted EPS -0.01 -0.00 -0.00 0 -0.01 -0.01
Average Shares Outstanding Basic 736.00 550.10 488.82 0 342.00 314.82
Average Shares Outstanding Diluted 736.00 550.10 488.82 0 342.00 314.82
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 100.00 -2,888.00 -2,728.00 -1,346.00 -2,081.00
   Operating Net Income -6,659.00 -2,412.00 -758.00 -6,076.00 -3,800.00
   Deprecation and Amortization 201.00 195.00 182.00 211.00 226.00
   Deferred Income Tax 20.00 -48.00 38.00 -106.00 -164.00
   Share Based Compensation 541.00 172.00 172.00 2,351.00 406.00
   Change in Working Capital 4,101.00 -1,032.00 -1,184.00 1,178.00 30.00
   Other Operating Activities 1,896.00 237.00 -1,178.00 1,096.00 1,221.00
Investing Cash Flow 1,283.00 -1,073.00 437.00 0 236.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -9.00 -65.00 -24.00 0 -20.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business -413.00 0 461.00 0 273.00
   Other Investing Activities 1,705.00 -1,008.00 0.00 0 -17.00
Financing Cash Flow 10,555.00 1,512.00 0 3,383.00 -257.00
   Net Issuance/Repayment of Debt 19.00 420.00 0 -20.00 -257.00
   Net Issuance/Repurchase of Equity 13,439.00 0 0 4,272.00 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -2,903.00 0 0 -869.00 0.00
Net Change in Cash 11,938.00 -2,449.00 -2,291.00 2,037.00 -2,102.00
   Cash at Beginning of Period 1,506.00 3,711.00 6,052.00 4,244.00 6,162.00
   Cash at End of Period 13,125.00 1,506.00 3,711.00 6,052.00 4,244.00
Free Cash Flow 91.00 -2,953.00 -2,752.00 -1,346.00 -2,101.00