Valuation Ratios

Breakdown 2024-12-31
Price to Earnings -0.28
Price to Sales 4.53
Book Value Per Common Share 73.86
Price to Book 0.24
Price to Operating Cash Flow -0.99
Price to Free Cash Flow -0.98
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -24.04 -16.17 -8.24 -3.49
Price to Sales 59.02 51.78 27.52 15.31
Book Value Per Common Share 61.94 64.21 68.38 73.86 77.93
Price to Book 0.95 0.80 0.37 0.24 0.18
Price to Operating Cash Flow -33.77 -23.91 -9.22 -4.19
Price to Free Cash Flow -33.57 -23.80 -9.22 -4.16
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31
Earning YoY
Revenue YoY
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 1.83 11.64 11.12
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31
Cash Per Common Share 23.87
Quick Ratio 10.16
Current Ratio 10.66
Debt to Equity 0.19
Long-Term Debt to Equity 0.16
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 14.95 16.84 19.60 22.46 26.77
Quick Ratio 7.19 8.76 9.23 10.16 9.26
Current Ratio 7.61 9.23 9.71 10.66 9.65
Debt to Equity 0.16 0.17 0.18 0.19 0.20
Long-Term Debt to Equity 0.13 0.14 0.15 0.16 0.17

Profitability

Breakdown 2024-12-31
ROA -67.94
ROE -80.97
Gross Margin -83.98
Operating Margin -3443.39
EBITDA Margin -3317.54
Net Profit Margin -1613.92
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA -3.42 -4.22 -3.73 -4.03
ROE -3.97 -4.92 -4.40 -4.86
Gross Margin -37.94 -50.01 -130.57 -77.60
Operating Margin -346.17 -368.15 -459.88 -640.47
EBITDA Margin -238.46 -257.93 -336.50 -503.55
Net Profit Margin -245.83 -320.69 -333.62 -438.67

Dividends

Breakdown 2024-12-31
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
Assets 2,983,307.00
   Current Assets 819,861.00
      Cash and Short-Term Investments 761,375.00
            Cash and Cash Equivalents 214,234.00
            Short-Term Investments 0
      Net Receivables 20,312.00
      Inventory 0
      Other Current Assets 38,174.00
   Non-Current Assets 2,163,446.00
      Property, Plant, Equipment Net 135,434.00
      Goodwill 0
      Intangible Assets 2,016,890.00
      Long-Term Investments 0
      Non-Current Deferred Assets 0
      Other Non-Current Assets 11,122.00
Liabilities 479,902.00
   Current Liabilities 76,925.00
      Payables and Expenses 62,085.00
            Account Payables 4,844.00
            Current Accrued Liabilities 57,241.00
      Short-Term Debt 13,260.00
      Other Current Liabilities 1,580.00
   Non-Current Liabilities 402,977.00
      Long-Term Debt 54,881.00
      Other Non-Current Liabilities 348,096.00
Equity 2,503,405.00
   Shareholders Equity 2,503,405.00
      Capital Stock 34.00
      Share Premium 12,305,250.00
      Retained Earnings -9,803,330.00
      Treasury Shares 0
      Accumulated Other Comprehensive Income 1,451.00
   Minority Interest 0
Investments 3,800.00
Debt 68,141.00
Common Shares Outstanding 33,893.41
Breakdown 2024-12-31
Revenues 125,595.00
Cost Of Revenue 231,073.00
Gross Profit -105,478.00
Operating Expenses 2,083,680.00
   Selling, General and Administrative Expenses 368,028.00
   Research and Development Expenses 360,066.00
   Other Operating Expenses 1,355,586.00
Operating Income -2,189,158.00
Net Non-Operating Income -2,135,564.00
Interest Expense 0.00
Net Interest 26,733.00
EBT -4,324,722.00
Income Tax 135,356.00
Net Income -2,027,005.00
EBIT -4,324,722.00
Deprecation and Amortization 158,056.00
EBITDA -4,166,666.00
EPS -0.06
Diluted EPS -0.06
Average Shares Outstanding Basic 31,901.26
Average Shares Outstanding Diluted 31,901.26
Breakdown 2024-12-31
Operating Cash Flow -577,156.00
   Operating Net Income -2,027,005.00
   Deprecation and Amortization 158,056.00
   Deferred Income Tax -134,251.00
   Share Based Compensation 86,084.00
   Change in Working Capital -16,182.00
   Other Operating Activities 1,356,142.00
Investing Cash Flow -551,011.00
   Capital Expenditure -5,208.00
   Net Purchase/Sale of PPE -5,208.00
   Net Purchase/Sale of Investments Net -545,803.00
   Net Purchase/Sale of Business 0
   Other Investing Activities 5,208.00
Financing Cash Flow 1,244,300.00
   Net Issuance/Repayment of Debt 0
   Net Issuance/Repurchase of Equity 0
   Dividends Paid 0
   Other Financing Activities 1,244,300.00
Net Change in Cash 116,071.00
   Cash at Beginning of Period 101,512.00
   Cash at End of Period 217,583.00
Free Cash Flow -582,364.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 2,601,031.00 2,702,551.00 2,847,605.00 2,983,307.00 3,117,954.00
   Current Assets 589,381.00 651,844.00 727,655.00 819,861.00 909,696.00
      Cash and Short-Term Investments 540,130.00 602,754.00 672,603.00 761,375.00 853,551.00
            Cash and Cash Equivalents 126,892.00 127,427.00 133,895.00 214,234.00 853,551.00
            Short-Term Investments 413,238.00 475,327.00 0 0 0
      Net Receivables 16,344.00 16,383.00 19,309.00 20,312.00 19,788.00
      Inventory 18,390.00 19,739.00 0 0 21,213.00
      Other Current Assets 14,517.00 12,968.00 35,743.00 38,174.00 15,144.00
   Non-Current Assets 2,011,650.00 2,050,707.00 2,119,950.00 2,163,446.00 2,208,258.00
      Property, Plant, Equipment Net 112,241.00 120,243.00 126,943.00 135,434.00 144,511.00
      Goodwill 0 0 0 0 0
      Intangible Assets 1,885,140.00 1,919,723.00 1,982,306.00 2,016,890.00 2,051,473.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 10,701.00 11,122.00 12,274.00
Liabilities 361,068.00 387,908.00 433,937.00 479,902.00 530,318.00
   Current Liabilities 77,433.00 70,639.00 74,977.00 76,925.00 94,268.00
      Payables and Expenses 30,312.00 32,738.00 59,493.00 62,085.00 35,995.00
            Account Payables 3,407.00 6,283.00 5,769.00 4,844.00 7,317.00
            Current Accrued Liabilities 26,905.00 26,455.00 53,724.00 57,241.00 28,674.00
      Short-Term Debt 14,022.00 13,689.00 12,973.00 13,260.00 13,524.00
      Other Current Liabilities 33,099.00 24,212.00 2,511.00 1,580.00 44,749.00
   Non-Current Liabilities 283,635.00 317,269.00 358,960.00 402,977.00 436,050.00
      Long-Term Debt 44,568.00 48,475.00 51,344.00 54,881.00 58,667.00
      Other Non-Current Liabilities 239,067.00 268,794.00 307,616.00 348,096.00 377,383.00
Equity 2,239,963.00 2,314,643.00 2,413,668.00 2,503,405.00 2,587,636.00
   Shareholders Equity 2,239,963.00 2,314,643.00 2,413,668.00 2,503,405.00 2,587,636.00
      Capital Stock 36.00 36.00 35.00 34.00 33.00
      Share Premium 12,349,976.00 12,335,832.00 12,321,510.00 12,305,250.00 12,291,681.00
      Retained Earnings -10,112,505.00 -10,023,528.00 -9,909,543.00 -9,803,330.00 -9,706,264.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 2,456.00 2,303.00 1,666.00 1,451.00 2,186.00
   Minority Interest 0 0 0 0 0
Investments 0 0 0 3,800.00 0
Debt 58,590.00 62,164.00 64,317.00 68,141.00 72,191.00
Common Shares Outstanding 36,161.00 36,047.80 35,296.86 33,893.41 33,203.74
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30
Revenues 36,194.00 35,544.00 31,837.00 28,652.00
Cost Of Revenue 49,927.00 53,319.00 73,408.00 50,885.00
Interest Income 6,107.00 6,809.00 0 11,661.00
Interest Expense 0 0 0.00 0
Net Interest 0 0 7,779.00 0
Non-Interest Expense 62,911.00 66,453.00 0 83,043.00
Gross Profit -13,733.00 -17,775.00 -41,571.00 -22,233.00
Operating Expenses 111,558.00 113,079.00 112,036.00 161,274.00
   Selling, General and Administrative Expenses 62,911.00 66,453.00 80,053.00 83,043.00
   Research and Development Expenses 48,647.00 46,626.00 56,417.00 78,231.00
   Other Operating Expenses 0 0 -24,434.00 0
Operating Income -125,291.00 -130,854.00 -153,607.00 -183,507.00
Net Non-Operating Income 466.00 -811.00 7,195.00 -561.00
EBT -118,718.00 -152,856.00 -146,412.00 -172,407.00
Income Tax -29,741.00 -38,871.00 40,199.00 -46,719.00
Net Income Including Non-Controlling Interests -88,977.00 -113,985.00 0 -125,688.00
Net Income -88,977.00 -113,985.00 -106,213.00 -125,688.00
EBIT -125,291.00 -130,854.00 -146,412.00 -183,507.00
Deprecation and Amortization 38,982.00 39,175.00 39,279.00 39,230.00
EBITDA -86,309.00 -91,679.00 -107,133.00 -144,277.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 36,124.26 35,793.15 34,308.43 31,880.05
Average Shares Outstanding Diluted 36,124.26 35,793.15 34,308.43 31,880.05
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30
Operating Cash Flow -63,245.00 -76,965.00 -95,012.00 -104,581.00
   Operating Net Income -88,977.00 -113,985.00 -106,213.00 -125,688.00
   Deprecation and Amortization 38,982.00 39,175.00 39,279.00 39,230.00
   Deferred Income Tax -29,741.00 -38,871.00 -40,199.00 -47,041.00
   Share Based Compensation 14,139.00 14,168.00 16,211.00 17,449.00
   Change in Working Capital 6,765.00 -765.00 4,446.00 10,881.00
   Other Operating Activities -4,413.00 23,313.00 -8,536.00 588.00
Investing Cash Flow 66,673.00 70,369.00 14,611.00 -971.00
   Capital Expenditure 0 0 -62.00 0
   Net Purchase/Sale of PPE -384.00 -369.00 -62.00 -971.00
   Net Purchase/Sale of Investments Net 67,057.00 70,738.00 14,673.00 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 0.00 0.00 62.00 0.00
Financing Cash Flow 0 0 0 0
   Net Issuance/Repayment of Debt 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 0 0
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 0 0 0
Net Change in Cash 3,428.00 -6,596.00 -80,339.00 -105,552.00
   Cash at Beginning of Period 130,776.00 137,244.00 217,583.00 962,763.00
   Cash at End of Period 133,866.00 130,776.00 137,244.00 857,469.00
Free Cash Flow -63,629.00 -77,334.00 -95,074.00 -105,552.00