Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 243.08 17.84 23.46 14.64 582.60
Price to Sales 4.01 3.73 3.95 3.34 2.97
Book Value Per Common Share 15.51 18.33 17.03 16.80 14.52
Price to Book 5.95 4.42 5.04 4.32 4.01
Price to Operating Cash Flow 10.64 12.63 11.88 8.01 8.97
Price to Free Cash Flow
Enterprise Value to EBITDA 259573.05 96170.19 120940.84 80373.34 176773.38
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 21.85 42.16 105.71 -80.62 -33.47 -21.93 22.11 46.71 102.43 26.25 66.46 2972.50 15.02 26.59 46.83
Price to Sales 6.42 10.05 20.94 4.94 6.27 13.66 4.68 7.43 16.30 3.89 6.04 11.32 4.37 6.84 12.64
Book Value Per Common Share 17.34 15.84 15.39 15.51 14.83 14.67 14.08 18.33 17.89 16.97 16.82 17.03 16.81 16.14 15.88 16.80 17.11 15.71 15.11 14.52
Price to Book 6.40 7.00 7.28 5.95 5.65 4.68 5.20 4.42 4.19 4.54 4.93 5.04 3.67 3.83 3.74 4.32 4.08 4.38 4.28 4.01
Price to Operating Cash Flow 20.65 53.46 79.46 13.31 24.14 41.16 16.04 23.58 59.37 11.90 21.30 40.55 10.73 17.56 31.10
Price to Free Cash Flow
Enterprise Value to EBITDA 130552.80 230387.34 535523.81 788426.12 118248.76 205887.21 477182.01 127511.48 269044.76 1221143.02 89480.40 154587.91 270702.97

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -91.63 24.04 -26.21 4860.00
Revenue YoY 6.04 -0.60 -0.09 10.60
EBITDA YoY -57.76 18.57 -21.86 174.11
Net Profit YoY -91.53 23.37 -26.23 4960.98
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 93.16 148.11 151328.57 105.45 103.70 152.69 4550.00 79.54 87.68
Revenue YoY 56.51 106.22 55.32 104.01 54.44 103.89 54.80 94.99 58.71 96.79
EBITDA YoY 76.68 129.44 -63.86 69.30 115.12 110.59 371.52 75.38 86.57
Net Profit YoY 93.19 149.05 -84.55 106.13 103.47 120.52 153.83 6021.05 79.73 88.03

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 8.01 5.82 5.09 5.19 5.89
Quick Ratio 1.20 1.06 0.99 0.95 1.08
Current Ratio 1.60 1.43 1.29 1.27 1.40
Debt to Equity 0.53 0.36 0.49 0.61 0.88
Long-Term Debt to Equity 0.22 0.12 0.22 0.33 0.57
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 5.90 4.18 6.36 8.02 4.04 2.22 3.78 5.83 5.50 5.34 4.71 5.12 4.51 4.51 4.24 5.20 4.57 5.20 4.51 5.91
Quick Ratio 1.01 0.89 1.00 1.20 0.82 0.69 0.72 1.06 0.98 0.78 0.95 0.99 0.96 1.06 1.06 0.95 1.01 1.05 0.99 1.08
Current Ratio 1.45 1.32 1.37 1.60 1.26 1.14 1.08 1.43 1.34 1.02 1.28 1.29 1.30 1.43 1.48 1.27 1.37 1.36 1.37 1.40
Debt to Equity 0.36 0.42 0.48 0.53 0.48 0.47 0.61 0.36 0.40 0.48 0.48 0.49 0.48 0.55 0.58 0.61 0.56 0.72 0.78 0.88
Long-Term Debt to Equity 0.08 0.14 0.15 0.22 0.16 0.17 0.24 0.12 0.13 0.15 0.23 0.22 0.24 0.32 0.37 0.33 0.32 0.46 0.52 0.57

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 0.81 9.12 7.27 9.16 0.18
ROE 1.24 12.44 10.83 14.75 0.34
Gross Margin 76.86 74.45 77.49 73.88 24.02
Operating Margin 5.80 28.78 24.74 33.98 10.75
EBITDA Margin 15.42 38.71 32.45 41.49 16.74
Net Profit Margin 1.67 20.89 16.83 22.80 0.50
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 10.81 5.88 2.33 -2.39 -4.77 -7.41 6.79 3.30 1.63 4.72 1.85 0.03 8.71 4.78 2.56
ROE 14.73 8.36 3.44 -3.54 -7.01 -11.92 9.52 4.87 2.41 6.99 2.87 0.05 13.58 8.24 4.55
Gross Margin 78.58 77.88 76.90 77.96 77.30 76.79 77.96 78.05 77.94 78.58 77.70 78.39 80.19 78.24 78.81
Operating Margin 39.44 33.38 28.63 -3.54 -14.24 -63.30 29.49 25.84 24.09 22.58 14.25 1.31 41.28 36.34 39.25
EBITDA Margin 49.08 43.47 39.07 6.25 -4.09 -52.98 39.51 36.04 34.16 30.50 22.42 9.27 48.84 44.19 46.61
Net Profit Margin 29.40 23.82 19.72 -6.15 -18.74 -62.37 21.18 15.87 15.90 14.84 9.05 0.29 29.13 25.72 26.92

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 58,995,000.00 62,125,000.00 63,171,000.00 67,952,000.00 68,407,000.00
   Current Assets 19,173,000.00 16,085,000.00 14,443,000.00 14,772,000.00 15,996,000.00
      Cash and Short-Term Investments 9,991,000.00 7,264,000.00 6,385,000.00 6,520,000.00 7,408,000.00
            Cash and Cash Equivalents 9,991,000.00 6,085,000.00 5,412,000.00 5,338,000.00 5,997,000.00
            Short-Term Investments 0 1,179,000.00 973,000.00 1,182,000.00 1,411,000.00
      Net Receivables 4,420,000.00 4,660,000.00 4,777,000.00 4,493,000.00 4,892,000.00
      Inventory 1,710,000.00 1,787,000.00 1,507,000.00 4,352,000.00 4,697,000.00
      Other Current Assets 3,052,000.00 2,374,000.00 1,774,000.00 -593,000.00 -1,001,000.00
   Non-Current Assets 39,822,000.00 46,040,000.00 48,728,000.00 53,180,000.00 52,411,000.00
      Property, Plant, Equipment Net 5,929,000.00 5,898,000.00 11,453,000.00 10,726,000.00 5,613,000.00
      Goodwill 8,314,000.00 8,314,000.00 8,314,000.00 8,332,000.00 8,108,000.00
      Intangible Assets 19,948,000.00 26,454,000.00 28,894,000.00 33,455,000.00 33,126,000.00
      Long-Term Investments 0 1,163,000.00 1,245,000.00 1,309,000.00 502,000.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 5,631,000.00 4,211,000.00 -1,178,000.00 -642,000.00 5,062,000.00
Liabilities 20,371,000.00 16,599,000.00 20,751,000.00 25,741,000.00 32,025,000.00
   Current Liabilities 12,004,000.00 11,280,000.00 11,237,000.00 11,610,000.00 11,397,000.00
      Payables and Expenses 3,102,000.00 2,884,000.00 3,087,000.00 6,850,000.00 5,180,000.00
            Account Payables 833,000.00 550,000.00 905,000.00 705,000.00 844,000.00
            Current Accrued Liabilities 2,269,000.00 2,334,000.00 2,182,000.00 6,145,000.00 4,336,000.00
      Short-Term Debt 1,815,000.00 1,798,000.00 2,273,000.00 1,516,000.00 2,757,000.00
      Other Current Liabilities 7,087,000.00 6,598,000.00 5,877,000.00 3,244,000.00 3,460,000.00
   Non-Current Liabilities 8,367,000.00 5,319,000.00 9,514,000.00 14,131,000.00 20,628,000.00
      Long-Term Debt 24,896,000.00 23,189,000.00 22,957,000.00 25,179,000.00 28,645,000.00
      Other Non-Current Liabilities -16,529,000.00 -17,870,000.00 -13,443,000.00 -11,048,000.00 -8,017,000.00
Equity 38,624,000.00 45,526,000.00 42,420,000.00 42,211,000.00 36,382,000.00
   Shareholders Equity 19,330,000.00 22,833,000.00 21,240,000.00 21,069,000.00 18,202,000.00
      Capital Stock 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
      Share Premium 7,700,000.00 6,500,000.00 5,550,000.00 4,661,000.00 3,880,000.00
      Retained Earnings 11,497,000.00 16,304,000.00 15,687,000.00 16,324,000.00 14,381,000.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 132,000.00 28,000.00 2,000.00 83,000.00 -60,000.00
   Minority Interest -84,000.00 -84,000.00 -31,000.00 -5,000.00 19,000.00
Investments 0 2,342,000.00 2,218,000.00 2,491,000.00 1,913,000.00
Debt 26,711,000.00 24,987,000.00 25,230,000.00 26,695,000.00 31,402,000.00
Net Debt 16,720,000.00 17,723,000.00 18,845,000.00 20,175,000.00 23,994,000.00
Common Shares Outstanding 1,246,000.00 1,246,000.00 1,247,000.00 1,254,000.00 1,254,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 28,754,000.00 27,116,000.00 27,281,000.00 27,305,000.00 24,689,000.00
Cost Of Revenue 6,654,000.00 6,928,000.00 6,140,000.00 7,131,000.00 18,759,000.00
Gross Profit 22,100,000.00 20,188,000.00 21,141,000.00 20,174,000.00 5,930,000.00
Operating Expenses 20,438,000.00 12,583,000.00 13,811,000.00 10,256,000.00 1,859,000.00
   Selling, General and Administrative Expenses 6,091,000.00 6,090,000.00 5,673,000.00 5,246,000.00 5,151,000.00
   Research and Development Expenses 14,728,000.00 7,814,000.00 5,164,000.00 5,363,000.00 5,039,000.00
   Other Operating Expenses -381,000.00 -1,321,000.00 2,974,000.00 -353,000.00 -8,331,000.00
Operating Income 1,662,000.00 7,605,000.00 7,330,000.00 9,918,000.00 4,071,000.00
Net Non-Operating Income -972,000.00 -746,000.00 -1,516,000.00 -1,640,000.00 -2,402,000.00
Interest Expense 977,000.00 944,000.00 935,000.00 1,001,000.00 984,000.00
EBT 690,000.00 6,859,000.00 5,814,000.00 8,278,000.00 1,669,000.00
Income Tax 211,000.00 1,247,000.00 1,248,000.00 2,077,000.00 1,580,000.00
Net Income Including Non-Controlling Interests 480,000.00 5,717,000.00 4,618,000.00 6,249,000.00 157,000.00
Net Income Non-Controlling Interests 0.00 -52,000.00 -26,000.00 -24,000.00 -34,000.00
Net Income 480,000.00 5,665,000.00 4,592,000.00 6,225,000.00 123,000.00
EBIT 1,667,000.00 7,803,000.00 6,749,000.00 9,279,000.00 2,653,000.00
Deprecation and Amortization 2,767,000.00 2,693,000.00 2,103,000.00 2,050,000.00 1,480,000.00
EBITDA 4,434,000.00 10,496,000.00 8,852,000.00 11,329,000.00 4,133,000.00
EPS 0.00 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 1,247,000.00 1,248,000.00 1,255,000.00 1,256,000.00 1,257,000.00
Average Shares Outstanding Diluted 1,255,000.00 1,258,000.00 1,262,000.00 1,262,000.00 1,263,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 10,828,000.00 8,006,000.00 9,072,000.00 11,384,000.00 8,168,000.00
   Operating Net Income 480,000.00 5,613,000.00 4,566,000.00 6,201,000.00 89,000.00
   Deprecation and Amortization 2,767,000.00 2,693,000.00 2,103,000.00 2,050,000.00 1,480,000.00
   Deferred Income Tax -1,844,000.00 -962,000.00 -1,552,000.00 0 0
   Share Based Compensation 835,000.00 766,000.00 637,000.00 635,000.00 643,000.00
   Change in Working Capital 670,000.00 590,000.00 -1,128,000.00 -569,000.00 74,000.00
   Other Operating Activities 7,920,000.00 -694,000.00 4,446,000.00 3,067,000.00 5,882,000.00
Investing Cash Flow -3,449,000.00 -2,265,000.00 -2,466,000.00 -3,131,000.00 -14,615,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 523,000.00 585,000.00 728,000.00 579,000.00 650,000.00
   Net Purchase/Sale of Investments Net 3,270,000.00 4,217,000.00 3,945,000.00 6,970,000.00 30,420,000.00
   Net Purchase/Sale of Business 4,840,000.00 1,152,000.00 1,797,000.00 1,402,000.00 25,742,000.00
   Other Investing Activities -12,082,000.00 -8,219,000.00 -8,936,000.00 -12,082,000.00 -71,427,000.00
Financing Cash Flow -3,433,000.00 -5,125,000.00 -6,469,000.00 -8,877,000.00 770,000.00
   Net Issuance/Repayment of Debt 5,434,000.00 4,230,000.00 1,500,000.00 4,750,000.00 10,684,000.00
   Net Issuance/Repurchase of Equity 1,572,000.00 1,232,000.00 1,705,000.00 715,000.00 1,839,000.00
   Dividends Paid 3,918,000.00 3,809,000.00 3,709,000.00 3,605,000.00 3,449,000.00
   Other Financing Activities -14,357,000.00 -14,396,000.00 -13,383,000.00 -17,947,000.00 -15,202,000.00
Net Change in Cash 3,906,000.00 673,000.00 74,000.00 -659,000.00 -5,634,000.00
   Cash at Beginning of Period 6,085,000.00 5,412,000.00 5,338,000.00 5,997,000.00 11,631,000.00
   Cash at End of Period 9,991,000.00 6,085,000.00 5,412,000.00 5,338,000.00 5,997,000.00
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 58,533,000.00 55,721,000.00 56,434,000.00 58,995,000.00 54,525,000.00 53,579,000.00 56,292,000.00 62,125,000.00 62,373,000.00 62,337,000.00 61,876,000.00 63,171,000.00 62,557,000.00 62,870,000.00 63,080,000.00 67,952,000.00 67,098,000.00 67,984,000.00 67,492,000.00 68,407,000.00
   Current Assets 17,874,000.00 14,718,000.00 16,901,000.00 19,173,000.00 14,779,000.00 12,317,000.00 14,041,000.00 16,085,000.00 15,980,000.00 14,287,000.00 13,456,000.00 14,443,000.00 13,554,000.00 13,175,000.00 12,629,000.00 14,772,000.00 13,991,000.00 13,925,000.00 13,278,000.00 15,996,000.00
      Cash and Short-Term Investments 7,349,000.00 5,213,000.00 7,926,000.00 9,991,000.00 5,037,000.00 2,772,000.00 4,718,000.00 7,264,000.00 6,864,000.00 6,667,000.00 5,872,000.00 6,385,000.00 5,660,000.00 5,663,000.00 5,325,000.00 6,520,000.00 5,738,000.00 6,525,000.00 5,666,000.00 7,408,000.00
            Cash and Cash Equivalents 7,330,000.00 5,144,000.00 7,926,000.00 9,991,000.00 5,037,000.00 2,772,000.00 4,718,000.00 6,085,000.00 5,705,000.00 5,704,000.00 4,936,000.00 5,412,000.00 4,699,000.00 4,739,000.00 4,296,000.00 5,338,000.00 4,362,000.00 4,893,000.00 4,065,000.00 5,997,000.00
            Short-Term Investments 19,000.00 69,000.00 0 0 0 0 0 1,179,000.00 1,159,000.00 963,000.00 936,000.00 973,000.00 961,000.00 924,000.00 1,029,000.00 1,182,000.00 1,376,000.00 1,632,000.00 1,601,000.00 1,411,000.00
      Net Receivables 5,095,000.00 4,781,000.00 4,388,000.00 4,420,000.00 4,587,000.00 4,663,000.00 4,669,000.00 4,660,000.00 4,790,000.00 4,229,000.00 4,162,000.00 4,777,000.00 4,354,000.00 4,118,000.00 3,787,000.00 4,493,000.00 4,566,000.00 4,149,000.00 3,925,000.00 4,892,000.00
      Inventory 1,785,000.00 1,825,000.00 1,759,000.00 1,710,000.00 1,869,000.00 2,026,000.00 1,853,000.00 1,787,000.00 1,663,000.00 1,633,000.00 1,576,000.00 1,507,000.00 1,463,000.00 1,494,000.00 1,482,000.00 4,352,000.00 1,676,000.00 1,772,000.00 1,779,000.00 4,697,000.00
      Other Current Assets 3,645,000.00 2,899,000.00 2,828,000.00 3,052,000.00 3,286,000.00 2,856,000.00 2,801,000.00 2,374,000.00 2,663,000.00 1,758,000.00 1,846,000.00 1,774,000.00 2,077,000.00 1,900,000.00 2,035,000.00 -593,000.00 2,011,000.00 1,479,000.00 1,908,000.00 -1,001,000.00
   Non-Current Assets 40,659,000.00 41,003,000.00 39,533,000.00 39,822,000.00 39,746,000.00 41,262,000.00 42,251,000.00 46,040,000.00 46,393,000.00 48,050,000.00 48,420,000.00 48,728,000.00 49,003,000.00 49,695,000.00 50,451,000.00 53,180,000.00 53,107,000.00 54,059,000.00 54,214,000.00 52,411,000.00
      Property, Plant, Equipment Net 5,500,000.00 5,459,000.00 5,421,000.00 5,929,000.00 5,391,000.00 5,346,000.00 5,321,000.00 5,898,000.00 5,572,000.00 5,540,000.00 5,479,000.00 11,453,000.00 5,349,000.00 5,299,000.00 5,253,000.00 10,726,000.00 5,037,000.00 4,996,000.00 4,990,000.00 5,613,000.00
      Goodwill 8,314,000.00 8,314,000.00 8,314,000.00 8,314,000.00 8,314,000.00 8,314,000.00 8,314,000.00 8,314,000.00 8,314,000.00 8,314,000.00 8,314,000.00 8,314,000.00 8,314,000.00 8,314,000.00 8,314,000.00 8,332,000.00 8,332,000.00 8,334,000.00 8,334,000.00 8,108,000.00
      Intangible Assets 17,970,000.00 18,566,000.00 19,355,000.00 19,948,000.00 20,546,000.00 22,832,000.00 23,428,000.00 26,454,000.00 27,152,000.00 27,750,000.00 28,348,000.00 28,894,000.00 29,440,000.00 29,885,000.00 30,331,000.00 33,455,000.00 33,900,000.00 34,341,000.00 34,781,000.00 33,126,000.00
      Long-Term Investments 2,005,000.00 1,913,000.00 0 0 0 0 0 1,163,000.00 1,156,000.00 1,334,000.00 1,327,000.00 1,245,000.00 1,282,000.00 1,337,000.00 1,427,000.00 1,309,000.00 1,099,000.00 836,000.00 579,000.00 502,000.00
      Non-Current Deferred Assets 1,998,000.00 2,721,000.00 2,572,000.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 4,872,000.00 4,030,000.00 3,871,000.00 5,631,000.00 5,495,000.00 4,770,000.00 5,188,000.00 4,211,000.00 4,199,000.00 5,112,000.00 4,952,000.00 -1,178,000.00 4,618,000.00 4,860,000.00 5,126,000.00 -642,000.00 4,739,000.00 5,552,000.00 5,530,000.00 5,062,000.00
Liabilities 15,584,000.00 16,558,000.00 18,186,000.00 20,371,000.00 17,672,000.00 17,092,000.00 21,313,000.00 16,599,000.00 17,859,000.00 20,139,000.00 20,018,000.00 20,751,000.00 20,345,000.00 22,353,000.00 23,177,000.00 25,741,000.00 24,082,000.00 28,525,000.00 29,526,000.00 32,025,000.00
   Current Liabilities 12,298,000.00 11,189,000.00 12,344,000.00 12,004,000.00 11,725,000.00 10,781,000.00 13,015,000.00 11,280,000.00 11,945,000.00 13,964,000.00 10,528,000.00 11,237,000.00 10,423,000.00 9,220,000.00 8,558,000.00 11,610,000.00 10,245,000.00 10,214,000.00 9,705,000.00 11,397,000.00
      Payables and Expenses 808,000.00 582,000.00 737,000.00 3,102,000.00 2,891,000.00 2,517,000.00 2,757,000.00 2,884,000.00 2,988,000.00 3,005,000.00 2,478,000.00 3,087,000.00 4,479,000.00 4,680,000.00 4,083,000.00 6,850,000.00 4,366,000.00 4,663,000.00 4,077,000.00 5,180,000.00
            Account Payables 808,000.00 582,000.00 737,000.00 833,000.00 903,000.00 537,000.00 622,000.00 550,000.00 586,000.00 622,000.00 627,000.00 905,000.00 614,000.00 565,000.00 583,000.00 705,000.00 585,000.00 608,000.00 570,000.00 844,000.00
            Current Accrued Liabilities 0 0 0 2,269,000.00 1,988,000.00 1,980,000.00 2,135,000.00 2,334,000.00 2,402,000.00 2,383,000.00 1,851,000.00 2,182,000.00 3,865,000.00 4,115,000.00 3,500,000.00 6,145,000.00 3,781,000.00 4,055,000.00 3,507,000.00 4,336,000.00
      Short-Term Debt 2,806,000.00 2,806,000.00 2,806,000.00 1,815,000.00 1,812,000.00 1,810,000.00 3,667,000.00 1,798,000.00 1,793,000.00 4,037,000.00 2,283,000.00 2,273,000.00 2,270,000.00 1,021,000.00 1,025,000.00 1,516,000.00 2,511,000.00 2,261,000.00 2,259,000.00 2,757,000.00
      Other Current Liabilities 8,684,000.00 7,801,000.00 8,801,000.00 7,087,000.00 7,022,000.00 6,454,000.00 6,591,000.00 6,598,000.00 7,164,000.00 6,922,000.00 5,767,000.00 5,877,000.00 3,674,000.00 3,519,000.00 3,450,000.00 3,244,000.00 3,368,000.00 3,290,000.00 3,369,000.00 3,460,000.00
   Non-Current Liabilities 3,286,000.00 5,369,000.00 5,842,000.00 8,367,000.00 5,947,000.00 6,311,000.00 8,298,000.00 5,319,000.00 5,914,000.00 6,175,000.00 9,490,000.00 9,514,000.00 9,922,000.00 13,133,000.00 14,619,000.00 14,131,000.00 13,837,000.00 18,311,000.00 19,821,000.00 20,628,000.00
      Long-Term Debt 22,135,000.00 22,140,000.00 22,146,000.00 24,896,000.00 21,437,000.00 21,540,000.00 21,527,000.00 23,189,000.00 23,189,000.00 21,209,000.00 22,956,000.00 22,957,000.00 22,953,000.00 25,195,000.00 25,183,000.00 25,179,000.00 25,175,000.00 27,914,000.00 27,907,000.00 28,645,000.00
      Other Non-Current Liabilities -18,849,000.00 -16,771,000.00 -16,304,000.00 -16,529,000.00 -15,490,000.00 -15,229,000.00 -13,229,000.00 -17,870,000.00 -17,275,000.00 -15,034,000.00 -13,466,000.00 -13,443,000.00 -13,031,000.00 -12,062,000.00 -10,564,000.00 -11,048,000.00 -11,338,000.00 -9,603,000.00 -8,086,000.00 -8,017,000.00
Equity 42,949,000.00 39,163,000.00 38,248,000.00 38,624,000.00 36,853,000.00 36,487,000.00 34,979,000.00 45,526,000.00 44,514,000.00 42,198,000.00 41,858,000.00 42,420,000.00 42,212,000.00 40,517,000.00 39,903,000.00 42,211,000.00 43,016,000.00 39,459,000.00 37,966,000.00 36,382,000.00
   Shareholders Equity 21,540,000.00 19,674,000.00 19,162,000.00 19,330,000.00 18,475,000.00 18,281,000.00 17,539,000.00 22,833,000.00 22,314,000.00 21,158,000.00 20,997,000.00 21,240,000.00 21,081,000.00 20,236,000.00 19,927,000.00 21,069,000.00 21,470,000.00 19,703,000.00 18,952,000.00 18,202,000.00
      Capital Stock 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
      Share Premium 8,678,000.00 8,367,000.00 8,138,000.00 7,700,000.00 7,327,000.00 7,022,000.00 6,813,000.00 6,500,000.00 6,279,000.00 6,008,000.00 5,793,000.00 5,550,000.00 5,226,000.00 5,031,000.00 4,867,000.00 4,661,000.00 4,492,000.00 4,271,000.00 4,092,000.00 3,880,000.00
      Retained Earnings 12,825,000.00 11,325,000.00 10,931,000.00 11,497,000.00 11,073,000.00 11,165,000.00 10,656,000.00 16,304,000.00 16,002,000.00 15,138,000.00 15,223,000.00 15,687,000.00 15,756,000.00 15,117,000.00 14,986,000.00 16,324,000.00 16,903,000.00 15,392,000.00 14,821,000.00 14,381,000.00
      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 36,000.00 -18,000.00 92,000.00 132,000.00 73,000.00 93,000.00 69,000.00 28,000.00 31,000.00 10,000.00 -20,000.00 2,000.00 98,000.00 87,000.00 73,000.00 83,000.00 74,000.00 39,000.00 38,000.00 -60,000.00
   Minority Interest -84,000.00 -84,000.00 -84,000.00 -84,000.00 -84,000.00 -84,000.00 -84,000.00 -84,000.00 -72,000.00 -64,000.00 -58,000.00 -31,000.00 -24,000.00 -21,000.00 -12,000.00 -5,000.00 1,000.00 7,000.00 12,000.00 19,000.00
Investments 2,024,000.00 1,982,000.00 0 0 0 0 0 2,342,000.00 2,315,000.00 2,297,000.00 2,263,000.00 2,218,000.00 2,243,000.00 2,261,000.00 2,456,000.00 2,491,000.00 2,475,000.00 2,468,000.00 2,180,000.00 1,913,000.00
Debt 24,941,000.00 24,946,000.00 24,952,000.00 26,711,000.00 23,249,000.00 23,350,000.00 25,194,000.00 24,987,000.00 24,982,000.00 25,246,000.00 25,239,000.00 25,230,000.00 25,223,000.00 26,216,000.00 26,208,000.00 26,695,000.00 27,686,000.00 30,175,000.00 30,166,000.00 31,402,000.00
Net Debt 17,592,000.00 19,733,000.00 17,026,000.00 16,720,000.00 18,212,000.00 20,578,000.00 20,476,000.00 17,723,000.00 18,118,000.00 18,579,000.00 19,367,000.00 18,845,000.00 19,563,000.00 20,553,000.00 20,883,000.00 20,175,000.00 21,948,000.00 23,650,000.00 24,500,000.00 23,994,000.00
Common Shares Outstanding 1,242,000.00 1,242,000.00 1,245,000.00 1,246,000.00 1,246,000.00 1,246,000.00 1,246,000.00 1,246,000.00 1,247,000.00 1,247,000.00 1,248,000.00 1,247,000.00 1,254,000.00 1,254,000.00 1,255,000.00 1,254,000.00 1,255,000.00 1,254,000.00 1,254,000.00 1,254,000.00
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 21,518,000.00 13,749,000.00 6,667,000.00 -12,757,000.00 21,185,000.00 13,640,000.00 6,686,000.00 -12,189,000.00 20,002,000.00 12,951,000.00 6,352,000.00 -12,051,000.00 19,892,000.00 12,850,000.00 6,590,000.00 -11,819,000.00 20,061,000.00 12,640,000.00 6,423,000.00
Cost Of Revenue 4,610,000.00 3,041,000.00 1,540,000.00 -2,664,000.00 4,670,000.00 3,096,000.00 1,552,000.00 -1,724,000.00 4,408,000.00 2,843,000.00 1,401,000.00 -2,411,000.00 4,261,000.00 2,866,000.00 1,424,000.00 -955,000.00 3,974,000.00 2,751,000.00 1,361,000.00
Gross Profit 16,908,000.00 10,708,000.00 5,127,000.00 -10,093,000.00 16,515,000.00 10,544,000.00 5,134,000.00 -10,465,000.00 15,594,000.00 10,108,000.00 4,951,000.00 -9,640,000.00 15,631,000.00 9,984,000.00 5,166,000.00 -10,864,000.00 16,087,000.00 9,889,000.00 5,062,000.00
Operating Expenses 8,870,000.00 5,997,000.00 2,890,000.00 -18,545,000.00 17,305,000.00 12,222,000.00 9,456,000.00 -7,002,000.00 9,601,000.00 6,738,000.00 3,246,000.00 -9,484,000.00 10,568,000.00 7,758,000.00 4,969,000.00 -3,778,000.00 7,109,000.00 4,753,000.00 2,172,000.00
   Selling, General and Administrative Expenses 3,980,000.00 2,623,000.00 1,258,000.00 -2,220,000.00 4,184,000.00 2,752,000.00 1,375,000.00 -2,879,000.00 4,482,000.00 3,168,000.00 1,319,000.00 -1,503,000.00 3,653,000.00 2,440,000.00 1,083,000.00 -1,811,000.00 3,596,000.00 2,406,000.00 1,055,000.00
   Research and Development Expenses 4,700,000.00 3,185,000.00 1,632,000.00 -18,603,000.00 12,840,000.00 10,940,000.00 9,551,000.00 -2,322,000.00 5,118,000.00 3,571,000.00 1,447,000.00 -1,731,000.00 3,429,000.00 2,280,000.00 1,186,000.00 -1,217,000.00 3,336,000.00 2,189,000.00 1,055,000.00
   Other Operating Expenses 190,000.00 189,000.00 0.00 2,278,000.00 281,000.00 -1,470,000.00 -1,470,000.00 -1,801,000.00 1,000.00 -1,000.00 480,000.00 -6,250,000.00 3,486,000.00 3,038,000.00 2,700,000.00 -750,000.00 177,000.00 158,000.00 62,000.00
Operating Income 8,038,000.00 4,711,000.00 2,237,000.00 8,452,000.00 -790,000.00 -1,678,000.00 -4,322,000.00 -3,463,000.00 5,993,000.00 3,370,000.00 1,705,000.00 -156,000.00 5,063,000.00 2,226,000.00 197,000.00 -7,086,000.00 8,978,000.00 5,136,000.00 2,890,000.00
Net Non-Operating Income -320,000.00 -634,000.00 -588,000.00 634,000.00 -687,000.00 -755,000.00 -164,000.00 928,000.00 -787,000.00 -482,000.00 -405,000.00 988,000.00 -1,280,000.00 -875,000.00 -349,000.00 1,500,000.00 -1,459,000.00 -1,055,000.00 -626,000.00
Interest Expense 769,000.00 513,000.00 260,000.00 -496,000.00 728,000.00 491,000.00 254,000.00 -437,000.00 692,000.00 459,000.00 230,000.00 -492,000.00 709,000.00 480,000.00 238,000.00 -532,000.00 763,000.00 513,000.00 257,000.00
EBT 7,718,000.00 4,077,000.00 1,649,000.00 9,086,000.00 -1,477,000.00 -2,433,000.00 -4,486,000.00 -2,535,000.00 5,206,000.00 2,888,000.00 1,300,000.00 832,000.00 3,783,000.00 1,351,000.00 -152,000.00 -5,586,000.00 7,519,000.00 4,081,000.00 2,264,000.00
Income Tax 1,394,000.00 807,000.00 337,000.00 -401,000.00 174,000.00 123,000.00 315,000.00 -944,000.00 1,010,000.00 865,000.00 316,000.00 30,000.00 850,000.00 204,000.00 164,000.00 -1,001,000.00 1,694,000.00 842,000.00 542,000.00
Net Income Including Non-Controlling Interests 6,327,000.00 3,275,000.00 1,315,000.00 8,509,000.00 -1,303,000.00 -2,556,000.00 -4,170,000.00 -1,682,000.00 4,276,000.00 2,087,000.00 1,036,000.00 442,000.00 2,971,000.00 1,179,000.00 26,000.00 -4,611,000.00 5,861,000.00 3,263,000.00 1,736,000.00
Net Income Non-Controlling Interests 0.00 0.00 0.00 0.00 0.00 0.00 0.00 46,000.00 -40,000.00 -32,000.00 -26,000.00 16,000.00 -19,000.00 -16,000.00 -7,000.00 13,000.00 -18,000.00 -12,000.00 -7,000.00
Net Income 6,327,000.00 3,275,000.00 1,315,000.00 8,509,000.00 -1,303,000.00 -2,556,000.00 -4,170,000.00 -1,636,000.00 4,236,000.00 2,055,000.00 1,010,000.00 458,000.00 2,952,000.00 1,163,000.00 19,000.00 -4,598,000.00 5,843,000.00 3,251,000.00 1,729,000.00
EBIT 8,487,000.00 4,590,000.00 1,909,000.00 8,590,000.00 -749,000.00 -1,942,000.00 -4,232,000.00 -2,972,000.00 5,898,000.00 3,347,000.00 1,530,000.00 340,000.00 4,492,000.00 1,831,000.00 86,000.00 -6,118,000.00 8,282,000.00 4,594,000.00 2,521,000.00
Deprecation and Amortization 2,073,000.00 1,387,000.00 696,000.00 -1,381,000.00 2,074,000.00 1,384,000.00 690,000.00 -1,273,000.00 2,005,000.00 1,321,000.00 640,000.00 -1,047,000.00 1,575,000.00 1,050,000.00 525,000.00 -930,000.00 1,515,000.00 992,000.00 473,000.00
EBITDA 10,560,000.00 5,977,000.00 2,605,000.00 7,209,000.00 1,325,000.00 -558,000.00 -3,542,000.00 -4,245,000.00 7,903,000.00 4,668,000.00 2,170,000.00 -707,000.00 6,067,000.00 2,881,000.00 611,000.00 -7,048,000.00 9,797,000.00 5,586,000.00 2,994,000.00
EPS 0.01 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 0.01 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 1,245,000.00 1,246,000.00 1,246,000.00 1,247,000.00 1,247,000.00 1,247,000.00 1,247,000.00 1,246,000.00 1,249,000.00 1,249,000.00 1,248,000.00 1,255,000.00 1,255,000.00 1,255,000.00 1,255,000.00 1,256,000.00 1,256,000.00 1,256,000.00 1,256,000.00
Average Shares Outstanding Diluted 1,256,000.00 1,257,000.00 1,259,000.00 1,279,000.00 1,247,000.00 1,247,000.00 1,247,000.00 1,252,000.00 1,259,000.00 1,260,000.00 1,261,000.00 1,264,000.00 1,261,000.00 1,261,000.00 1,262,000.00 1,263,000.00 1,262,000.00 1,261,000.00 1,262,000.00
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 6,692,000.00 2,584,000.00 1,757,000.00 -2,788,000.00 7,853,000.00 3,544,000.00 2,219,000.00 -3,657,000.00 5,837,000.00 4,082,000.00 1,744,000.00 -2,915,000.00 6,505,000.00 3,642,000.00 1,840,000.00 -4,331,000.00 8,179,000.00 4,926,000.00 2,610,000.00
   Operating Net Income 6,327,000.00 3,275,000.00 1,315,000.00 8,509,000.00 -1,303,000.00 -2,556,000.00 -4,170,000.00 -4,599,000.00 4,196,000.00 4,047,000.00 1,969,000.00 474,000.00 2,933,000.00 1,147,000.00 12,000.00 -4,585,000.00 5,825,000.00 3,239,000.00 1,722,000.00
   Deprecation and Amortization 2,073,000.00 1,387,000.00 696,000.00 -1,381,000.00 2,074,000.00 1,384,000.00 690,000.00 -1,273,000.00 2,005,000.00 1,321,000.00 640,000.00 -1,047,000.00 1,575,000.00 1,050,000.00 525,000.00 -930,000.00 1,515,000.00 992,000.00 473,000.00
   Deferred Income Tax 282,000.00 -377,000.00 -199,000.00 1,233,000.00 -1,465,000.00 -889,000.00 -723,000.00 457,000.00 -592,000.00 -524,000.00 -303,000.00 1,257,000.00 -1,214,000.00 -944,000.00 -651,000.00 0 243,000.00 3,000.00 71,000.00
   Share Based Compensation 664,000.00 434,000.00 209,000.00 -362,000.00 613,000.00 397,000.00 187,000.00 -327,000.00 565,000.00 363,000.00 165,000.00 -251,000.00 463,000.00 295,000.00 130,000.00 -285,000.00 476,000.00 305,000.00 139,000.00
   Change in Working Capital 2,296,000.00 -443,000.00 -643,000.00 889,000.00 249,000.00 -499,000.00 31,000.00 2,620,000.00 8,000.00 -533,000.00 -1,505,000.00 6,494,000.00 -2,182,000.00 -2,718,000.00 -2,722,000.00 7,034,000.00 -2,454,000.00 -2,593,000.00 -2,556,000.00
   Other Operating Activities -4,950,000.00 -1,692,000.00 379,000.00 -11,676,000.00 7,685,000.00 5,707,000.00 6,204,000.00 -535,000.00 -345,000.00 -592,000.00 778,000.00 -9,842,000.00 4,930,000.00 4,812,000.00 4,546,000.00 -5,248,000.00 2,574,000.00 2,980,000.00 2,761,000.00
Investing Cash Flow -2,958,000.00 -2,531,000.00 -415,000.00 4,496,000.00 -3,224,000.00 -2,514,000.00 -2,207,000.00 1,408,000.00 -1,538,000.00 -1,309,000.00 -826,000.00 2,073,000.00 -2,091,000.00 -1,378,000.00 -1,070,000.00 4,383,000.00 -2,853,000.00 -2,619,000.00 -2,042,000.00
   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 358,000.00 211,000.00 104,000.00 -193,000.00 376,000.00 235,000.00 105,000.00 -142,000.00 370,000.00 248,000.00 109,000.00 -456,000.00 547,000.00 390,000.00 247,000.00 -293,000.00 423,000.00 284,000.00 165,000.00
   Net Purchase/Sale of Investments Net 3,231,000.00 2,647,000.00 39,000.00 -6,505,000.00 3,266,000.00 3,268,000.00 3,241,000.00 -2,359,000.00 3,089,000.00 2,339,000.00 1,148,000.00 -3,680,000.00 3,169,000.00 2,413,000.00 2,043,000.00 -4,657,000.00 5,657,000.00 3,990,000.00 1,980,000.00
   Net Purchase/Sale of Business 461,000.00 294,000.00 273,000.00 -8,163,000.00 4,765,000.00 4,195,000.00 4,043,000.00 -1,066,000.00 873,000.00 794,000.00 551,000.00 -943,000.00 1,579,000.00 1,131,000.00 30,000.00 -2,601,000.00 1,401,000.00 1,347,000.00 1,255,000.00
   Other Investing Activities -7,008,000.00 -5,683,000.00 -831,000.00 19,357,000.00 -11,631,000.00 -10,212,000.00 -9,596,000.00 4,975,000.00 -5,870,000.00 -4,690,000.00 -2,634,000.00 7,152,000.00 -7,386,000.00 -5,312,000.00 -3,390,000.00 11,934,000.00 -10,334,000.00 -8,240,000.00 -5,442,000.00
Financing Cash Flow -6,482,000.00 -4,993,000.00 -3,426,000.00 7,935,000.00 -5,693,000.00 -4,314,000.00 -1,361,000.00 2,814,000.00 -4,026,000.00 -2,507,000.00 -1,406,000.00 3,037,000.00 -4,915,000.00 -2,797,000.00 -1,794,000.00 3,943,000.00 -6,935,000.00 -3,408,000.00 -2,477,000.00
   Net Issuance/Repayment of Debt 1,780,000.00 1,771,000.00 1,762,000.00 1,620,000.00 1,963,000.00 1,851,000.00 0 1,000.00 4,229,000.00 0 0 -1,000,000.00 1,500,000.00 500,000.00 500,000.00 -1,500,000.00 3,750,000.00 1,250,000.00 1,250,000.00
   Net Issuance/Repurchase of Equity 2,068,000.00 1,536,000.00 982,000.00 -674,000.00 1,049,000.00 651,000.00 546,000.00 -994,000.00 1,056,000.00 673,000.00 497,000.00 1,000.00 737,000.00 521,000.00 446,000.00 -788,000.00 654,000.00 452,000.00 397,000.00
   Dividends Paid 3,009,000.00 2,004,000.00 1,010,000.00 -1,979,000.00 2,945,000.00 1,962,000.00 990,000.00 -1,939,000.00 2,866,000.00 1,913,000.00 969,000.00 -1,895,000.00 2,794,000.00 1,865,000.00 945,000.00 -1,834,000.00 2,711,000.00 1,811,000.00 917,000.00
   Other Financing Activities -13,339,000.00 -10,304,000.00 -7,180,000.00 8,968,000.00 -11,650,000.00 -8,778,000.00 -2,897,000.00 5,746,000.00 -12,177,000.00 -5,093,000.00 -2,872,000.00 5,931,000.00 -9,946,000.00 -5,683,000.00 -3,685,000.00 8,065,000.00 -14,050,000.00 -6,921,000.00 -5,041,000.00
Net Change in Cash -2,661,000.00 -4,848,000.00 -2,065,000.00 9,635,000.00 -1,049,000.00 -3,313,000.00 -1,367,000.00 564,000.00 293,000.00 292,000.00 -476,000.00 2,354,000.00 -639,000.00 -599,000.00 -1,042,000.00 4,012,000.00 -1,635,000.00 -1,104,000.00 -1,932,000.00
   Cash at Beginning of Period 9,991,000.00 9,992,000.00 9,991,000.00 356,000.00 6,086,000.00 6,085,000.00 6,085,000.00 5,521,000.00 5,412,000.00 5,412,000.00 5,412,000.00 3,058,000.00 5,338,000.00 5,338,000.00 5,338,000.00 1,326,000.00 5,997,000.00 5,997,000.00 5,997,000.00
   Cash at End of Period 7,330,000.00 5,144,000.00 7,926,000.00 9,991,000.00 5,037,000.00 2,772,000.00 4,718,000.00 6,085,000.00 5,705,000.00 5,704,000.00 4,936,000.00 5,412,000.00 4,699,000.00 4,739,000.00 4,296,000.00 5,338,000.00 4,362,000.00 4,893,000.00 4,065,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0