INVZ
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -2.95 | -3.01 | ||
| Price to Sales | 11.58 | 17.87 | ||
| Book Value Per Common Share | 0.47 | 0.93 | 1.41 | 2.23 |
| Price to Book | 3.61 | 2.73 | ||
| Price to Operating Cash Flow | -3.65 | -4.01 | ||
| Price to Free Cash Flow | -3.45 | -3.74 | ||
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | -25.50 | -18.22 | -9.31 | -15.27 | -5.52 |
| Price to Sales | 27.16 | 33.68 | 6.96 | 47.06 | 30.78 |
| Book Value Per Common Share | 0.43 | 0.46 | 0.64 | 0.47 | 0.55 |
| Price to Book | 4.74 | 3.54 | 1.02 | 3.61 | 1.50 |
| Price to Operating Cash Flow | -30.22 | -52.06 | -6.45 | -15.89 | -8.43 |
| Price to Free Cash Flow | -29.61 | -44.93 | -5.85 | -14.91 | -7.85 |
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 16.25 | 246.43 | 10.25 | |
| 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 | 56.75 | -43.95 | 188.53 | 33.34 | |
| EBITDA YoY | |||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 0.41 | 0.99 | 1.32 | 2.58 |
| Quick Ratio | 2.67 | 4.11 | 5.56 | 12.31 |
| Current Ratio | 2.98 | 4.31 | 5.78 | 12.67 |
| Debt to Equity | 0.67 | 0.43 | 0.33 | 0.10 |
| Long-Term Debt to Equity | 0.32 | 0.19 | 0.16 | 0.02 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.37 | 0.40 | 0.46 | 0.40 | 0.52 |
| Quick Ratio | 2.93 | 3.22 | 4.07 | 2.67 | 3.50 |
| Current Ratio | 3.18 | 3.56 | 4.30 | 2.98 | 3.64 |
| Debt to Equity | 0.68 | 0.62 | 0.46 | 0.67 | 0.56 |
| Long-Term Debt to Equity | 0.33 | 0.32 | 0.22 | 0.32 | 0.28 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -71.76 | -56.31 | -49.67 | -48.47 |
| ROE | -120.05 | -80.54 | -66.07 | -53.08 |
| Gross Margin | -4.78 | -55.63 | -145.44 | -91.88 |
| Operating Margin | -419.97 | -635.19 | -2212.89 | -2884.25 |
| EBITDA Margin | -387.89 | -591.16 | -2088.90 | -2811.80 |
| Net Profit Margin | -390.46 | -591.37 | -2105.41 | -2901.63 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | -10.21 | -12.23 | -8.05 | -14.08 | -17.22 |
| ROE | -17.20 | -19.84 | -11.73 | -23.56 | -26.83 |
| Gross Margin | 15.04 | 16.00 | 40.15 | 8.94 | -3.67 |
| Operating Margin | -103.41 | -174.24 | -80.64 | -319.38 | -579.20 |
| EBITDA Margin | -94.50 | -160.51 | -72.73 | -292.97 | -531.46 |
| Net Profit Margin | -100.92 | -189.59 | -72.70 | -308.54 | -549.91 |
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 | 132,049.00 | 219,234.00 | 255,433.00 | 327,220.00 |
| Current Assets | 82,619.00 | 160,458.00 | 187,553.00 | 274,429.00 |
| Cash and Short-Term Investments | 67,948.00 | 145,368.00 | 178,083.00 | 265,730.00 |
| Cash and Cash Equivalents | 25,365.00 | 26,283.00 | 55,718.00 | 23,640.00 |
| Short-Term Investments | 42,583.00 | 119,085.00 | 122,365.00 | 242,090.00 |
| Net Receivables | 6,152.00 | 7,542.00 | 2,375.00 | 901.00 |
| Inventory | 1,905.00 | 1,868.00 | 4,236.00 | 4,256.00 |
| Other Current Assets | 6,614.00 | 5,680.00 | 2,859.00 | 3,542.00 |
| Non-Current Assets | 49,430.00 | 58,776.00 | 67,880.00 | 52,791.00 |
| Property, Plant, Equipment Net | 46,626.00 | 51,256.00 | 57,416.00 | 14,502.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 4,813.00 | 7,840.00 | 38,289.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0.00 |
| Liabilities | 53,120.00 | 65,945.00 | 63,416.00 | 28,418.00 |
| Current Liabilities | 27,770.00 | 37,230.00 | 32,434.00 | 21,665.00 |
| Payables and Expenses | 22,517.00 | 25,469.00 | 24,048.00 | 21,359.00 |
| Account Payables | 8,813.00 | 8,036.00 | 8,367.00 | 5,764.00 |
| Current Accrued Liabilities | 13,335.00 | 17,251.00 | 14,867.00 | 14,162.00 |
| Short-Term Debt | 4,330.00 | 4,034.00 | 3,720.00 | 0 |
| Other Current Liabilities | 923.00 | 7,727.00 | 4,666.00 | 0 |
| Non-Current Liabilities | 25,350.00 | 28,715.00 | 30,982.00 | 6,753.00 |
| Long-Term Debt | 25,264.00 | 28,475.00 | 30,201.00 | 0 |
| Other Non-Current Liabilities | 86.00 | 240.00 | 781.00 | 6,753.00 |
| Equity | 78,929.00 | 153,289.00 | 192,017.00 | 298,802.00 |
| Shareholders Equity | 78,929.00 | 153,289.00 | 192,017.00 | 298,802.00 |
| Capital Stock | 0 | 0 | 0 | 0 |
| Share Premium | 808,974.00 | 788,577.00 | 703,851.00 | 683,764.00 |
| Retained Earnings | -730,045.00 | -635,288.00 | -511,834.00 | -384,962.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 29,594.00 | 32,509.00 | 33,921.00 | 0 |
| Common Shares Outstanding | 169,397.03 | 165,387.10 | 136,185.26 | 134,098.12 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 24,268.00 | 20,876.00 | 6,026.00 | 5,466.00 |
| Cost Of Revenue | 25,429.00 | 32,490.00 | 14,790.00 | 10,488.00 |
| Interest Income | 7,328.00 | 9,790.00 | 6,802.00 | 4,378.00 |
| Non-Interest Expense | 26,940.00 | 28,312.00 | 29,478.00 | 59,295.00 |
| Gross Profit | -1,161.00 | -11,614.00 | -8,764.00 | -5,022.00 |
| Operating Expenses | 100,757.00 | 120,988.00 | 124,585.00 | 152,631.00 |
| Selling, General and Administrative Expenses | 26,940.00 | 28,312.00 | 29,478.00 | 59,295.00 |
| Research and Development Expenses | 73,817.00 | 92,676.00 | 95,107.00 | 93,336.00 |
| Operating Income | -101,918.00 | -132,602.00 | -133,349.00 | -157,653.00 |
| EBT | -94,590.00 | -122,812.00 | -126,547.00 | -153,275.00 |
| Income Tax | 167.00 | 642.00 | 325.00 | 284.00 |
| Net Income Including Non-Controlling Interests | -94,757.00 | -123,454.00 | -126,872.00 | -153,559.00 |
| Net Income | -94,757.00 | -123,454.00 | -126,872.00 | -158,603.00 |
| EBIT | -101,918.00 | -132,602.00 | -133,349.00 | -157,653.00 |
| Deprecation and Amortization | 7,786.00 | 9,192.00 | 7,472.00 | 3,960.00 |
| EBITDA | -94,132.00 | -123,410.00 | -125,877.00 | -153,693.00 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 167,216.07 | 147,480.52 | 135,224.31 | 102,859.89 |
| Average Shares Outstanding Diluted | 167,216.07 | 147,480.52 | 135,224.31 | 102,859.89 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -76,955.00 | -93,053.00 | -93,411.00 | -82,522.00 |
| Operating Net Income | -94,757.00 | -123,454.00 | -126,872.00 | -153,559.00 |
| Deprecation and Amortization | 7,786.00 | 9,192.00 | 7,472.00 | 3,960.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 19,682.00 | 22,320.00 | 19,449.00 | 64,736.00 |
| Change in Working Capital | -9,132.00 | -169.00 | 6,241.00 | 4,212.00 |
| Other Operating Activities | -534.00 | -942.00 | 299.00 | -1,871.00 |
| Investing Cash Flow | 75,468.00 | 1,064.00 | 125,354.00 | -281,597.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -4,337.00 | -6,579.00 | -22,513.00 | -3,784.00 |
| Net Purchase/Sale of Investments Net | 79,927.00 | 7,683.00 | 150,500.00 | -277,869.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | -122.00 | -40.00 | -2,633.00 | 56.00 |
| Financing Cash Flow | 224.00 | 61,856.00 | 609.00 | 337,178.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | -2,638.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 217,507.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 609.00 | 122,309.00 |
| Net Change in Cash | -1,263.00 | -30,133.00 | 32,552.00 | -26,941.00 |
| Cash at Beginning of Period | 26,336.00 | 55,954.00 | 24,541.00 | 50,766.00 |
| Cash at End of Period | 25,381.00 | 26,336.00 | 55,954.00 | 24,541.00 |
| Free Cash Flow | -81,367.00 | -99,632.00 | -115,978.00 | -86,306.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 151,063.00 | 151,105.00 | 157,124.00 | 132,049.00 | 144,370.00 |
| Current Assets | 102,191.00 | 100,897.00 | 108,631.00 | 82,619.00 | 94,824.00 |
| Cash and Short-Term Investments | 74,378.00 | 79,379.00 | 85,383.00 | 67,948.00 | 87,719.00 |
| Cash and Cash Equivalents | 7,886.00 | 13,535.00 | 13,369.00 | 25,365.00 | 27,949.00 |
| Short-Term Investments | 66,492.00 | 65,844.00 | 72,014.00 | 42,583.00 | 59,770.00 |
| Net Receivables | 19,811.00 | 11,623.00 | 17,661.00 | 6,152.00 | 3,539.00 |
| Inventory | 2,968.00 | 3,201.00 | 1,704.00 | 1,905.00 | 1,227.00 |
| Other Current Assets | 5,034.00 | 6,694.00 | 3,883.00 | 6,614.00 | 2,339.00 |
| Non-Current Assets | 48,872.00 | 50,208.00 | 48,493.00 | 49,430.00 | 49,546.00 |
| Property, Plant, Equipment Net | 45,677.00 | 47,221.00 | 45,812.00 | 46,626.00 | 46,809.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 2,804.00 | 2,737.00 |
| Liabilities | 61,396.00 | 57,985.00 | 49,359.00 | 53,120.00 | 51,742.00 |
| Current Liabilities | 32,100.00 | 28,304.00 | 25,292.00 | 27,770.00 | 26,056.00 |
| Payables and Expenses | 24,219.00 | 19,220.00 | 19,817.00 | 22,517.00 | 21,589.00 |
| Account Payables | 9,232.00 | 3,346.00 | 5,039.00 | 8,813.00 | 6,469.00 |
| Current Accrued Liabilities | 14,987.00 | 15,874.00 | 14,778.00 | 13,335.00 | 15,120.00 |
| Short-Term Debt | 5,745.00 | 5,635.00 | 4,257.00 | 4,330.00 | 4,189.00 |
| Other Current Liabilities | 2,136.00 | 3,449.00 | 1,218.00 | 923.00 | 278.00 |
| Non-Current Liabilities | 29,296.00 | 29,681.00 | 24,067.00 | 25,350.00 | 25,686.00 |
| Long-Term Debt | 29,253.00 | 29,625.00 | 24,029.00 | 25,264.00 | 25,622.00 |
| Other Non-Current Liabilities | 43.00 | 56.00 | 38.00 | 86.00 | 64.00 |
| Equity | 89,667.00 | 93,120.00 | 107,765.00 | 78,929.00 | 92,628.00 |
| Shareholders Equity | 89,667.00 | 93,120.00 | 107,765.00 | 78,929.00 | 92,628.00 |
| Capital Stock | 0 | 0 | 0 | 0 | 0 |
| Share Premium | 866,252.00 | 854,286.00 | 850,452.00 | 808,974.00 | 804,077.00 |
| Retained Earnings | -776,585.00 | -761,166.00 | -742,687.00 | -730,045.00 | -711,449.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 34,998.00 | 35,260.00 | 28,286.00 | 29,594.00 | 29,811.00 |
| Common Shares Outstanding | 208,542.16 | 200,774.84 | 169,397.03 | 169,397.03 | 168,371.17 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 15,278.00 | 9,747.00 | 17,390.00 | 6,027.00 | 4,520.00 |
| Cost Of Revenue | 12,980.00 | 8,187.00 | 10,408.00 | 5,488.00 | 4,686.00 |
| Interest Income | 414.00 | 0 | 1,416.00 | 691.00 | 1,376.00 |
| Non-Interest Expense | 5,725.00 | 5,391.00 | 6,176.00 | 6,299.00 | 6,292.00 |
| Gross Profit | 2,298.00 | 1,560.00 | 6,982.00 | 539.00 | -166.00 |
| Operating Expenses | 18,097.00 | 18,543.00 | 21,006.00 | 19,788.00 | 26,014.00 |
| Selling, General and Administrative Expenses | 5,725.00 | 5,391.00 | 6,176.00 | 6,299.00 | 6,292.00 |
| Research and Development Expenses | 12,372.00 | 13,152.00 | 14,830.00 | 13,489.00 | 19,722.00 |
| Operating Income | -15,799.00 | -16,983.00 | -14,024.00 | -19,249.00 | -26,180.00 |
| EBT | -15,385.00 | -18,428.00 | -12,608.00 | -18,558.00 | -24,804.00 |
| Income Tax | 34.00 | 51.00 | 34.00 | 38.00 | 52.00 |
| Net Income Including Non-Controlling Interests | -15,419.00 | -18,479.00 | -12,642.00 | -18,596.00 | -24,856.00 |
| Net Income | -15,419.00 | -18,479.00 | -12,642.00 | -18,596.00 | -24,856.00 |
| EBIT | -15,799.00 | -16,983.00 | -14,024.00 | -19,249.00 | -26,180.00 |
| Deprecation and Amortization | 1,361.00 | 1,338.00 | 1,377.00 | 1,592.00 | 2,158.00 |
| EBITDA | -14,438.00 | -15,645.00 | -12,647.00 | -17,657.00 | -24,022.00 |
| 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 | 203,428.42 | 200,079.49 | 185,534.53 | 168,858.28 | 167,782.48 |
| Average Shares Outstanding Diluted | 203,428.42 | 200,079.49 | 185,534.53 | 168,858.28 | 167,782.48 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -13,729.00 | -6,298.00 | -18,760.00 | -17,843.00 | -16,484.00 |
| Operating Net Income | -15,419.00 | -18,479.00 | -12,642.00 | -18,596.00 | -24,856.00 |
| Deprecation and Amortization | 1,361.00 | 1,338.00 | 1,377.00 | 1,592.00 | 2,158.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 3,943.00 | 3,153.00 | 4,754.00 | 3,816.00 | 4,721.00 |
| Change in Working Capital | -3,558.00 | 9,109.00 | -12,355.00 | -4,881.00 | 1,778.00 |
| Other Operating Activities | -56.00 | -1,419.00 | 106.00 | 226.00 | -285.00 |
| Investing Cash Flow | -769.00 | 5,475.00 | -30,870.00 | 15,078.00 | 20,087.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -286.00 | -1,006.00 | -1,915.00 | -1,116.00 | -1,192.00 |
| Net Purchase/Sale of Investments Net | -363.00 | 6,481.00 | -28,955.00 | 16,194.00 | 21,334.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | -120.00 | 0.00 | 0.00 | 0.00 | -55.00 |
| Financing Cash Flow | 8,864.00 | -184.00 | 37,738.00 | 55.00 | 58.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 8,419.00 | -307.00 | 37,596.00 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 445.00 | 123.00 | 142.00 | 55.00 | 58.00 |
| Net Change in Cash | -5,634.00 | -1,007.00 | -11,892.00 | -2,710.00 | 3,661.00 |
| Cash at Beginning of Period | 13,551.00 | 13,385.00 | 25,381.00 | 27,965.00 | 24,079.00 |
| Cash at End of Period | 7,902.00 | 13,551.00 | 13,385.00 | 25,381.00 | 27,965.00 |
| Free Cash Flow | -14,015.00 | -7,307.00 | -20,675.00 | -19,034.00 | -17,676.00 |