Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31
Price to Earnings -2.48 -12.08
Price to Sales 7866.67 2001.43
Book Value Per Common Share 0.76 0.73 -1.52
Price to Book 3.12 19.27
Price to Operating Cash Flow -3.50 -16.88
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
Price to Earnings -6.77 -7.00 -12.86 -3.43 -3.82 -22.17 -26.91 -45.44 -52.34
Price to Sales 13500.00 7900.00 6500.00 21433.33 3401.39 4305.26 3188.51
Book Value Per Common Share 0.49 0.63 0.79 0.76 0.96 1.09 0.56 0.73 0.90 0.86 0.11
Price to Book 8.60 4.53 3.41 3.12 2.47 1.79 11.51 19.27 27.17 38.01 253.10
Price to Operating Cash Flow -8.12 -8.35 -17.35 -4.26 -4.94 -39.64 -43.32 -73.02 -118.29
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31
Earning YoY
Revenue YoY -95.29 -98.46
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
Earning YoY
Revenue YoY 0.00 0.00 0.00 0.00
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31
Cash Per Common Share 0.98 0.95 0.02
Quick Ratio
Current Ratio 4.57 3.69 0.06
Debt to Equity 0.32 0.43 -1.15
Long-Term Debt to Equity 0.06 0.10 -0.27
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
Cash Per Common Share 0.57 0.77 1.01 0.89 1.15 1.43 0.73 0.87 1.26 1.22 0.53
Quick Ratio 0.99
Current Ratio 4.20 4.18 4.67 4.57 6.47 6.01 2.72 3.69 3.56 3.64 1.14
Debt to Equity 0.34 0.35 0.31 0.32 0.22 0.20 0.64 0.43 0.42 0.41 4.43
Long-Term Debt to Equity 0.07 0.06 0.05 0.06 0.05 0.05 0.12 0.10 0.05 0.06 0.51

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31
ROA -86.04 -101.45 -94.14
ROE -113.68 -145.31 14.55
Gross Margin
Operating Margin -373362.50 -16645.29 -24.39
EBITDA Margin -360962.50 -16315.29 -15.64
Net Profit Margin -373362.50 -16645.29 -47.05
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
ROA -91.64 -46.35 -19.22 -51.88 -31.93 -31.81 -63.19 -51.61 -70.91
ROE -123.17 -62.55 -25.10 -63.14 -38.30 -52.04 -89.60 -72.72 -385.14
Gross Margin
Operating Margin -93650.00 -261162.50 -180325.00 -98125.00 -12664.71 -9520.59 -6096.47
EBITDA Margin -91162.50 -251987.50 -175000.00 -95187.50 -12427.06 -9361.18 -6016.47
Net Profit Margin -93650.00 -261162.50 -180325.00 -98125.00 -12664.71 -9520.59 -6096.47

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31
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
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31
Assets 34,716.00 27,893.00 5,531.00
   Current Assets 31,548.00 24,203.00 1,892.00
      Cash and Short-Term Investments 30,895.00 23,191.00 397.00
            Cash and Cash Equivalents 8,565.00 9,418.00 397.00
            Short-Term Investments 22,330.00 13,773.00 0
      Net Receivables 0 0 0
      Inventory 0 0 0
      Other Current Assets 653.00 1,012.00 1,495.00
   Non-Current Assets 3,168.00 3,690.00 3,639.00
      Property, Plant, Equipment Net 3,076.00 3,598.00 1,979.00
      Goodwill 0 0 0
      Intangible Assets 0 0 0
      Long-Term Investments 0 0 0
      Non-Current Deferred Assets 0 0 1,568.00
      Other Non-Current Assets 92.00 92.00 92.00
Liabilities 8,442.00 8,420.00 41,314.00
   Current Liabilities 6,903.00 6,554.00 31,626.00
      Payables and Expenses 5,570.00 3,784.00 14,622.00
            Account Payables 0 20.00 6,775.00
            Current Accrued Liabilities 1,004.00 2,117.00 7,847.00
      Short-Term Debt 329.00 693.00 16,665.00
      Other Current Liabilities 1,004.00 2,077.00 339.00
   Non-Current Liabilities 1,539.00 1,866.00 9,688.00
      Long-Term Debt 1,539.00 1,866.00 9,688.00
      Other Non-Current Liabilities 0.00 0.00 0.00
Equity 26,274.00 19,473.00 -35,783.00
   Shareholders Equity 26,274.00 19,473.00 -35,783.00
      Capital Stock 35.00 27.00 31.00
      Share Premium 278,001.00 241,389.00 154,401.00
      Retained Earnings -251,393.00 -221,524.00 -189,784.00
      Treasury Shares 433.00 433.00 433.00
      Accumulated Other Comprehensive Income 64.00 14.00 2.00
   Minority Interest 0 0 0
Investments 22,330.00 13,773.00 0
Debt 1,868.00 2,559.00 26,353.00
Net Debt 0 0 24,526.00
Common Shares Outstanding 34,728.14 26,788.99 23,569.84
Breakdown 2024-12-31 2023-12-31 2022-12-31
Revenues 8.00 170.00 11,068.00
Interest Expense 0.00 0.00 1,408.00
Net Interest 700.00 244.00 0
Non-Interest Expense 0 0 5,003.00
Operating Expenses 35,716.00 24,335.00 14,081.00
   Selling, General and Administrative Expenses 12,816.00 11,675.00 5,003.00
   Research and Development Expenses 31,293.00 12,767.00 9,078.00
   Other Operating Expenses -8,393.00 -107.00 0
Operating Income -31,696.00 -24,165.00 -3,013.00
Net Non-Operating Income 1,827.00 -4,132.00 0
EBT -29,869.00 -28,297.00 -4,107.00
Income Tax 0.00 0.00 1,100.00
Net Income Including Non-Controlling Interests 0 0 -5,207.00
Net Income -29,869.00 -28,297.00 -5,207.00
EBIT -29,869.00 -28,297.00 -2,699.00
Deprecation and Amortization 992.00 561.00 968.00
EBITDA -28,877.00 -27,736.00 -1,731.00
EPS -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00
Average Shares Outstanding Basic 31,450.73 24,429.28 23,647.44
Average Shares Outstanding Diluted 31,450.73 24,429.28 23,647.44
Breakdown 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow -21,228.00 -20,275.00 -3,571.00
   Operating Net Income -89,607.00 -28,297.00 -5,207.00
   Deprecation and Amortization 992.00 561.00 968.00
   Deferred Income Tax 0 0 0
   Share Based Compensation 5,738.00 2,515.00 2,415.00
   Change in Working Capital 33.00 -4,247.00 -1,691.00
   Other Operating Activities 61,616.00 9,193.00 -56.00
Investing Cash Flow -8,131.00 -14,724.00 -49.00
   Capital Expenditure 0.00 0.00 0
   Net Purchase/Sale of PPE 381.00 1,025.00 -49.00
   Net Purchase/Sale of Investments Net 29,000.00 13,699.00 0
   Net Purchase/Sale of Business 0 0 0
   Other Investing Activities -37,512.00 -29,448.00 0.00
Financing Cash Flow 28,506.00 44,020.00 -478.00
   Net Issuance/Repayment of Debt 0 1,610.00 970.00
   Net Issuance/Repurchase of Equity 813.00 44,113.50 0
   Dividends Paid 0 0 0
   Other Financing Activities 27,693.00 -1,703.50 -1,448.00
Net Change in Cash -853.00 9,021.00 -4,098.00
   Cash at Beginning of Period 9,418.00 397.00 4,495.00
   Cash at End of Period 8,565.00 9,418.00 397.00
Free Cash Flow 0 0 -3,620.00
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
Assets 24,987.00 32,247.00 38,985.00 34,716.00 40,270.00 45,179.00 24,676.00 27,893.00 34,072.00 31,363.00 14,616.00
   Current Assets 21,552.00 29,235.00 35,945.00 31,548.00 35,967.00 34,870.00 21,204.00 24,203.00 31,179.00 28,683.00 12,056.00
      Cash and Short-Term Investments 20,915.00 28,100.00 35,102.00 30,895.00 35,060.00 40,449.00 19,627.00 23,191.00 29,869.00 27,140.00 10,338.00
            Cash and Cash Equivalents 4,692.00 6,546.00 16,206.00 8,565.00 6,102.00 7,858.00 4,061.00 9,418.00 29,869.00 27,140.00 10,338.00
            Short-Term Investments 16,223.00 21,426.00 18,896.00 22,330.00 27,955.00 25,778.00 15,566.00 13,773.00 0 0 0
      Net Receivables 0 0 0 0 0 0 0 0 0 0 47.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 637.00 1,135.00 843.00 653.00 907.00 -5,579.00 1,577.00 1,012.00 1,310.00 1,543.00 1,671.00
   Non-Current Assets 3,435.00 3,012.00 3,040.00 3,168.00 4,303.00 10,309.00 3,472.00 3,690.00 2,893.00 2,680.00 2,560.00
      Property, Plant, Equipment Net 3,312.00 2,939.00 2,967.00 3,076.00 3,208.00 3,404.00 3,380.00 3,598.00 2,801.00 2,588.00 2,468.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 1,003.00 6,813.00 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 123.00 73.00 73.00 92.00 92.00 92.00 92.00 92.00 92.00 92.00 92.00
Liabilities 6,396.00 8,349.00 9,139.00 8,442.00 7,179.00 7,510.00 9,592.00 8,420.00 10,044.00 9,107.00 11,925.00
   Current Liabilities 5,126.00 6,988.00 7,689.00 6,903.00 5,555.00 5,803.00 7,805.00 6,554.00 8,755.00 7,878.00 10,543.00
      Payables and Expenses 3,987.00 6,033.00 6,688.00 5,570.00 4,454.00 4,786.00 5,313.00 3,784.00 4,009.00 4,484.00 5,292.00
            Account Payables 0 0 0 0 0 0 0 20.00 20.00 0 0
            Current Accrued Liabilities 785.00 610.00 664.00 1,004.00 686.00 517.00 1,908.00 2,117.00 4,101.00 2,684.00 2,910.00
      Short-Term Debt 354.00 345.00 337.00 329.00 415.00 500.00 584.00 693.00 607.00 650.00 2,233.00
      Other Current Liabilities 785.00 610.00 664.00 1,004.00 686.00 517.00 1,908.00 2,077.00 4,139.00 2,744.00 3,018.00
   Non-Current Liabilities 1,270.00 1,361.00 1,450.00 1,539.00 1,624.00 1,707.00 1,787.00 1,866.00 1,289.00 1,229.00 1,382.00
      Long-Term Debt 1,270.00 1,361.00 1,450.00 1,539.00 1,624.00 1,707.00 1,787.00 1,866.00 1,289.00 1,229.00 1,382.00
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Equity 18,591.00 23,898.00 29,846.00 26,274.00 33,091.00 37,669.00 15,084.00 19,473.00 24,028.00 22,256.00 2,691.00
   Shareholders Equity 18,591.00 23,898.00 29,846.00 26,274.00 33,091.00 37,669.00 15,084.00 19,473.00 24,028.00 22,256.00 2,691.00
      Capital Stock 38.00 38.00 38.00 35.00 35.00 35.00 27.00 27.00 27.00 26.00 25.00
      Share Premium 293,269.00 290,631.00 289,097.00 278,001.00 275,782.00 274,028.00 244,869.00 241,389.00 239,189.00 232,073.00 206,688.00
      Retained Earnings -274,291.00 -266,341.00 -258,885.00 -251,393.00 -242,417.00 -235,950.00 -229,374.00 -221,524.00 -214,757.00 -209,412.00 -203,591.00
      Treasury Shares 433.00 433.00 433.00 433.00 433.00 433.00 433.00 433.00 433.00 433.00 433.00
      Accumulated Other Comprehensive Income 8.00 3.00 29.00 64.00 124.00 -11.00 -5.00 14.00 2.00 2.00 2.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0
Investments 16,223.00 21,426.00 18,896.00 22,330.00 28,958.00 32,591.00 15,566.00 13,773.00 0 0 0
Debt 1,624.00 1,706.00 1,787.00 1,868.00 2,039.00 2,207.00 2,371.00 2,559.00 1,896.00 1,879.00 3,615.00
Common Shares Outstanding 38,046.78 37,759.02 37,733.14 34,728.14 34,538.18 34,512.64 26,996.74 26,788.99 26,657.91 25,855.51 24,553.47
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
Revenues 0 0 8.00 -16.00 8.00 8.00 8.00 -340.00 170.00 170.00 170.00
Operating Expenses 27,394.00 16,983.00 9,292.00 -9,378.00 21,956.00 15,015.00 8,123.00 -11,658.00 17,334.00 12,027.00 6,632.00
   Selling, General and Administrative Expenses 9,605.00 6,152.00 3,118.00 -7,363.00 9,478.00 6,588.00 4,113.00 -7,078.00 8,727.00 6,239.00 3,787.00
   Research and Development Expenses 14,197.00 9,456.00 4,698.00 6,378.00 12,478.00 8,427.00 4,010.00 -4,473.00 8,607.00 5,788.00 2,845.00
   Other Operating Expenses 3,592.00 1,375.00 1,476.00 -8,393.00 0.00 0.00 0.00 -107.00 0.00 0.00 0.00
Operating Income -23,802.00 -15,608.00 -7,816.00 13,374.00 -21,948.00 -15,007.00 -8,115.00 11,318.00 -17,164.00 -11,857.00 -6,462.00
Net Non-Operating Income 904.00 660.00 324.00 -74.00 1,055.00 581.00 265.00 8,464.00 -4,366.00 -4,328.00 -3,902.00
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Interest 583.00 408.00 184.00 -1,201.00 1,055.00 581.00 265.00 240.00 4.00 0 0
EBT -22,898.00 -14,948.00 -7,492.00 13,300.00 -20,893.00 -14,426.00 -7,850.00 19,782.00 -21,530.00 -16,185.00 -10,364.00
Income Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income -22,898.00 -14,948.00 -7,492.00 13,300.00 -20,893.00 -14,426.00 -7,850.00 19,782.00 -21,530.00 -16,185.00 -10,364.00
EBIT -22,898.00 -14,948.00 -7,492.00 13,300.00 -20,893.00 -14,426.00 -7,850.00 19,782.00 -21,530.00 -16,185.00 -10,364.00
Deprecation and Amortization 372.00 279.00 199.00 -403.00 734.00 426.00 235.00 -250.00 404.00 271.00 136.00
EBITDA -22,526.00 -14,669.00 -7,293.00 12,897.00 -20,159.00 -14,000.00 -7,615.00 19,532.00 -21,126.00 -15,914.00 -10,228.00
EPS -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
Average Shares Outstanding Basic 36,867.61 36,346.12 34,926.07 40,239.51 30,405.62 28,308.05 26,849.74 32,166.17 23,640.99 22,334.31 19,575.63
Average Shares Outstanding Diluted 36,867.61 36,346.12 34,926.07 40,239.51 30,405.62 28,308.05 26,849.74 51,741.81 23,640.99 22,334.31 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
Operating Cash Flow -19,069.00 -12,494.00 -5,435.00 11,230.00 -16,926.00 -11,178.00 -4,354.00 7,688.00 -13,365.00 -10,008.00 -4,590.00
   Operating Net Income -22,898.00 -14,948.00 -22,476.00 -46,438.00 -20,893.00 -14,426.00 -7,850.00 19,782.00 -21,530.00 -16,185.00 -10,364.00
   Deprecation and Amortization 372.00 279.00 199.00 -403.00 734.00 426.00 235.00 -250.00 404.00 271.00 136.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 4,336.00 2,713.00 1,423.00 -2,846.00 4,308.00 2,787.00 1,489.00 839.00 982.00 467.00 227.00
   Change in Working Capital -2,035.00 495.00 868.00 -13.00 -1,003.00 -688.00 1,737.00 394.00 -1,648.00 -2,169.00 -824.00
   Other Operating Activities 1,156.00 -1,033.00 14,551.00 60,930.00 -72.00 723.00 35.00 -13,077.00 8,427.00 7,608.00 6,235.00
Investing Cash Flow 5,577.00 856.00 3,509.00 27,162.00 -14,805.00 -18,797.00 -1,691.00 -13,328.00 -782.00 -505.00 -109.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 662.00 145.00 30.00 -192.00 285.00 258.00 30.00 -371.00 782.00 505.00 109.00
   Net Purchase/Sale of Investments Net 18,261.00 12,999.00 2,461.00 -29,220.00 28,520.00 26,539.00 3,161.00 13,699.00 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -13,346.00 -12,288.00 1,018.00 56,574.00 -43,610.00 -45,594.00 -4,882.00 -26,656.00 -1,564.00 -1,010.00 -218.00
Financing Cash Flow 9,619.00 9,619.00 9,567.00 -29,012.00 28,415.00 28,415.00 688.00 -51,495.00 43,619.00 37,256.00 14,640.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 -2,920.00 1,610.00 1,560.00 1,360.00
   Net Issuance/Repurchase of Equity 9,619.00 9,619.00 9,567.00 -1,349.00 737.00 737.00 688.00 -123,474.50 81,486.50 71,598.50 14,503.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities 0.00 0.00 0.00 -27,663.00 27,678.00 27,678.00 0.00 74,899.50 -39,477.50 -35,902.50 -1,223.00
Net Change in Cash -3,873.00 -2,019.00 7,641.00 9,380.00 -3,316.00 -1,560.00 -5,357.00 -57,135.00 29,472.00 26,743.00 9,941.00
   Cash at Beginning of Period 8,565.00 8,565.00 8,565.00 -815.00 9,418.00 9,418.00 9,418.00 66,553.00 397.00 397.00 397.00
   Cash at End of Period 4,692.00 6,546.00 16,206.00 8,565.00 6,102.00 7,858.00 4,061.00 9,418.00 29,869.00 27,140.00 10,338.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0