Valuation Ratios

Breakdown 2024-12-31 2023-12-31
Price to Earnings -1.27
Price to Sales 980.95
Book Value Per Common Share 0.58 -6.79
Price to Book 3.53
Price to Operating Cash Flow -1.37
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
Price to Earnings -0.89 -1.54 -2.43 -2.32 -7.49 -43.53
Price to Sales 1204.76 2135.00 6727.27
Book Value Per Common Share -0.05 -0.73 0.13 0.58 1.05 1.48 1.76
Price to Book -33.06 -2.22 9.13 3.53 2.42 2.89 4.21
Price to Operating Cash Flow -1.25 -1.71 -2.32 -2.19 -5.44 -18.79
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31
Earning YoY
Revenue YoY -22.50
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
Earning YoY
Revenue YoY 18.42 130.30
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31
Cash Per Common Share 1.79 0.70
Quick Ratio 2.97
Current Ratio 3.63 3.19
Debt to Equity 2.80 -1.23
Long-Term Debt to Equity 2.11 -1.20
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Cash Per Common Share 1.62 0.66 1.07 1.60 2.26 2.90 4.43
Quick Ratio 7.90 9.93
Current Ratio 4.27 1.22 2.50 3.63 5.58 7.46 9.38
Debt to Equity -36.96 -4.40 12.03 2.80 1.52 1.07 0.94
Long-Term Debt to Equity -31.08 -3.21 9.08 2.11 1.21 0.87 0.78

Profitability

Breakdown 2024-12-31 2023-12-31
ROA -63.56 -123.70
ROE -241.68 29.00
Gross Margin 46.24 35.83
Operating Margin -73864.52 -42363.33
EBITDA Margin -73136.56 -42125.00
Net Profit Margin -73864.52 -78559.17
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
ROA -85.08 -83.26 -28.58 -34.45 -14.03 -2.03
ROE 3059.38 283.46 -372.31 -86.89 -29.05 -3.95
Gross Margin 44.44 43.42 42.42
Operating Margin -48582.22 -27040.79 -10066.67
EBITDA Margin -48077.78 -26718.42 -9906.06
Net Profit Margin -48582.22 -27040.79 -10066.67

Dividends

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

Financial Statements

Breakdown 2024-12-31 2023-12-31
Assets 108,077.00 76,212.00
   Current Assets 71,763.00 35,648.00
      Cash and Short-Term Investments 77,779.00 33,209.00
            Cash and Cash Equivalents 77,779.00 33,209.00
            Short-Term Investments 0 0
      Net Receivables 0 22.00
      Inventory 73.00 73.00
      Other Current Assets -6,089.00 2,344.00
   Non-Current Assets 36,314.00 40,564.00
      Property, Plant, Equipment Net 31,393.00 30,772.00
      Goodwill 0 0
      Intangible Assets 0 0
      Long-Term Investments 0 0
      Non-Current Deferred Assets 0 0
      Other Non-Current Assets 4,921.00 9,792.00
Liabilities 79,653.00 401,274.00
   Current Liabilities 19,775.00 11,188.00
      Payables and Expenses 7,424.00 7,882.00
            Account Payables 3,240.00 553.00
            Current Accrued Liabilities 4,184.00 7,329.00
      Short-Term Debt 4,956.00 2,731.00
      Other Current Liabilities 7,395.00 575.00
   Non-Current Liabilities 59,878.00 390,086.00
      Long-Term Debt 57,544.00 83,660.00
      Other Non-Current Liabilities 2,334.00 306,426.00
Equity 28,424.00 -325,062.00
   Shareholders Equity 28,424.00 -325,062.00
      Capital Stock 0 0
      Share Premium 443,734.00 21,554.00
      Retained Earnings -415,310.00 -346,616.00
      Treasury Shares 0 0
      Accumulated Other Comprehensive Income 0 0
   Minority Interest 0 0
Debt 62,500.00 86,391.00
Net Debt 0 21,943.00
Common Shares Outstanding 48,755.45 47,896.91
Breakdown 2024-12-31 2023-12-31
Revenues 93.00 120.00
Cost Of Revenue 50.00 77.00
Interest Income 0 1,260.00
Interest Expense 0.00 0
Net Interest 4,146.00 0
Non-Interest Expense 0 12,841.00
Gross Profit 43.00 43.00
Operating Expenses 93,574.00 50,879.00
   Selling, General and Administrative Expenses 23,103.00 12,841.00
   Research and Development Expenses 103,564.00 38,038.00
   Other Operating Expenses -33,093.00 0
Operating Income -93,531.00 -50,836.00
Net Non-Operating Income 24,837.00 -20,721.00
EBT -68,694.00 -77,091.00
Income Tax 0.00 0
Net Income Including Non-Controlling Interests 0 -77,091.00
Net Income -68,694.00 -94,271.00
EBIT -68,694.00 -50,836.00
Deprecation and Amortization 677.00 286.00
EBITDA -68,017.00 -50,550.00
EPS -0.00 -0.00
Diluted EPS -0.00 -0.00
Average Shares Outstanding Basic 43,541.53 47,607.20
Average Shares Outstanding Diluted 43,541.53 47,607.20
Breakdown 2024-12-31 2023-12-31
Operating Cash Flow -65,521.00 -42,823.00
   Operating Net Income -68,694.00 -77,091.00
   Deprecation and Amortization 677.00 286.00
   Deferred Income Tax 0 0
   Share Based Compensation 14,426.00 4,296.00
   Change in Working Capital 3,630.00 989.00
   Other Operating Activities -15,560.00 28,697.00
Investing Cash Flow -1,765.00 -359.00
   Capital Expenditure 0.00 0
   Net Purchase/Sale of PPE 1,765.00 -359.00
   Net Purchase/Sale of Investments Net 0 0
   Net Purchase/Sale of Business 0 0
   Other Investing Activities -3,530.00 0.00
Financing Cash Flow 101,226.00 27,437.00
   Net Issuance/Repayment of Debt 187.00 28,348.00
   Net Issuance/Repurchase of Equity 104,267.00 0
   Dividends Paid 0 0
   Other Financing Activities -3,228.00 0
Net Change in Cash 33,940.00 -15,745.00
   Cash at Beginning of Period 37,779.00 53,524.00
   Cash at End of Period 71,719.00 37,779.00
Free Cash Flow 0 -43,182.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Assets 114,272.00 62,006.00 83,040.00 108,077.00 126,924.00 146,437.00 163,519.00
   Current Assets 79,703.00 26,688.00 47,045.00 71,763.00 87,651.00 106,555.00 124,472.00
      Cash and Short-Term Investments 87,657.00 32,291.00 52,108.00 77,779.00 94,664.00 112,754.00 131,756.00
            Cash and Cash Equivalents 87,657.00 32,291.00 52,108.00 77,779.00 94,664.00 112,754.00 131,756.00
            Short-Term Investments 0 0 0 0 0 0 0
      Net Receivables 0 0 0 0 0 22.00 15.00
      Inventory 0 0 0 73.00 73.00 64.00 73.00
      Other Current Assets -7,954.00 -5,603.00 -5,063.00 -6,089.00 -7,086.00 -6,285.00 -7,372.00
   Non-Current Assets 34,569.00 35,318.00 35,995.00 36,314.00 39,273.00 39,882.00 39,047.00
      Property, Plant, Equipment Net 29,922.00 30,605.00 31,169.00 31,393.00 31,787.00 32,323.00 31,515.00
      Goodwill 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0
      Other Non-Current Assets 4,647.00 4,713.00 4,826.00 4,921.00 7,486.00 7,559.00 7,532.00
Liabilities 117,450.00 80,218.00 76,665.00 79,653.00 76,602.00 75,682.00 79,341.00
   Current Liabilities 18,682.00 21,832.00 18,801.00 19,775.00 15,717.00 14,281.00 13,272.00
      Payables and Expenses 5,645.00 6,985.00 4,356.00 7,424.00 6,055.00 5,202.00 5,992.00
            Account Payables 1,261.00 3,911.00 1,479.00 3,240.00 1,767.00 2,287.00 1,027.00
            Current Accrued Liabilities 4,384.00 3,074.00 2,877.00 4,184.00 4,288.00 2,915.00 4,965.00
      Short-Term Debt 5,067.00 5,029.00 4,992.00 4,956.00 4,920.00 4,882.00 3,592.00
      Other Current Liabilities 7,970.00 9,818.00 9,453.00 7,395.00 4,742.00 4,197.00 3,688.00
   Non-Current Liabilities 98,768.00 58,386.00 57,864.00 59,878.00 60,885.00 61,401.00 66,069.00
      Long-Term Debt 57,117.00 56,689.00 56,433.00 57,544.00 58,011.00 56,342.00 56,941.00
      Other Non-Current Liabilities 41,651.00 1,697.00 1,431.00 2,334.00 2,874.00 5,059.00 9,128.00
Equity -3,178.00 -18,212.00 6,375.00 28,424.00 50,322.00 70,755.00 84,178.00
   Shareholders Equity -6,356.00 -36,424.00 6,375.00 28,424.00 50,322.00 70,755.00 84,178.00
      Capital Stock 1.00 0 0 0 0 0 0
      Share Premium 509,358.00 448,722.00 445,420.00 443,734.00 440,662.00 437,922.00 434,116.00
      Retained Earnings -512,537.00 -466,934.00 -439,045.00 -415,310.00 -390,340.00 -367,167.00 -349,938.00
      Treasury Shares 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0
Debt 62,184.00 61,718.00 61,425.00 62,500.00 62,931.00 61,224.00 60,533.00
Net Debt 0 29,427.00 9,317.00 0 0 0 0
Common Shares Outstanding 132,216.27 49,917.79 48,920.22 48,755.45 48,089.62 47,913.24 47,896.91
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Revenues 0 0 0 -106.00 90.00 76.00 33.00
Cost Of Revenue 0 0 0 -62.00 50.00 43.00 19.00
Gross Profit 0 0 0 -44.00 40.00 33.00 14.00
Operating Expenses 73,532.00 50,838.00 24,759.00 -40,903.00 68,361.00 44,560.00 21,556.00
   Selling, General and Administrative Expenses 15,489.00 10,252.00 5,324.00 -15,574.00 18,171.00 13,374.00 7,132.00
   Research and Development Expenses 90,354.00 63,399.00 29,406.00 7,764.00 50,190.00 31,186.00 14,424.00
   Other Operating Expenses -32,311.00 -22,813.00 -9,971.00 -33,093.00 0.00 0.00 0.00
Operating Income -73,532.00 -50,838.00 -24,759.00 40,859.00 -68,321.00 -44,527.00 -21,542.00
Net Non-Operating Income -23,695.00 -786.00 1,024.00 -41,956.00 24,597.00 23,976.00 18,220.00
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Interest 895.00 729.00 503.00 -2,845.00 3,420.00 2,473.00 1,098.00
EBT -97,227.00 -51,624.00 -23,735.00 -1,097.00 -43,724.00 -20,551.00 -3,322.00
Income Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income -97,227.00 -51,624.00 -23,735.00 -1,097.00 -43,724.00 -20,551.00 -3,322.00
EBIT -97,227.00 -51,624.00 -23,735.00 -1,097.00 -43,724.00 -20,551.00 -3,322.00
Deprecation and Amortization 850.00 560.00 290.00 -75.00 454.00 245.00 53.00
EBITDA -96,377.00 -51,064.00 -23,445.00 -1,172.00 -43,270.00 -20,306.00 -3,269.00
EPS -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
Average Shares Outstanding Basic 54,243.51 48,952.53 48,865.47 63,718.72 41,892.35 38,818.13 29,736.91
Average Shares Outstanding Diluted 54,243.51 48,952.53 48,865.47 63,718.72 41,892.35 38,818.13 29,736.91
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Operating Cash Flow -68,992.00 -46,278.00 -25,079.00 25,125.00 -48,487.00 -30,448.00 -11,711.00
   Operating Net Income -97,227.00 -51,624.00 -23,735.00 -1,097.00 -43,724.00 -20,551.00 -3,322.00
   Deprecation and Amortization 850.00 560.00 290.00 -75.00 454.00 245.00 53.00
   Deferred Income Tax 0 0 0 0 0 0 0
   Share Based Compensation 4,829.00 3,191.00 1,406.00 -11,325.00 11,527.00 9,007.00 5,217.00
   Change in Working Capital -5,054.00 206.00 -1,439.00 -6,423.00 3,535.00 4,900.00 1,618.00
   Other Operating Activities 27,610.00 1,389.00 -1,601.00 44,045.00 -20,279.00 -24,049.00 -15,277.00
Investing Cash Flow -554.00 -546.00 -448.00 2,145.00 -1,532.00 -1,319.00 -1,059.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 554.00 546.00 448.00 -2,145.00 1,532.00 1,319.00 1,059.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0
   Other Investing Activities -1,108.00 -1,092.00 -896.00 4,290.00 -3,064.00 -2,638.00 -2,118.00
Financing Cash Flow 79,739.00 1,651.00 171.00 -201,932.00 101,159.00 100,997.00 101,002.00
   Net Issuance/Repayment of Debt 338.00 221.00 109.00 81.00 81.00 23.00 2.00
   Net Issuance/Repurchase of Equity 4,449.00 3,472.00 280.00 -207,559.00 104,094.00 103,874.00 103,858.00
   Dividends Paid 0 0 0 0 0 0 0
   Other Financing Activities 74,952.00 -2,042.00 -218.00 5,546.00 -3,016.00 -2,900.00 -2,858.00
Net Change in Cash 10,193.00 -45,173.00 -25,356.00 -174,662.00 51,140.00 69,230.00 88,232.00
   Cash at Beginning of Period 71,719.00 71,719.00 71,719.00 246,381.00 37,779.00 37,779.00 37,779.00
   Cash at End of Period 81,912.00 26,546.00 46,363.00 71,719.00 88,919.00 107,009.00 126,011.00
Free Cash Flow 0 0 0 0 0 0 0