Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -3.17 -7.65 -11.57 -23.22
Price to Sales 166.98 7796.08 67.92
Book Value Per Common Share 14.09 10.43 10.07 10.14 11.28
Price to Book 1.12 3.81 4.77 5.77 6.25
Price to Operating Cash Flow -3.68 -9.40 -17.30 -21.97 -44.35
Price to Free Cash Flow -3.64 -9.22 -17.00 -21.61 -43.99
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Price to Earnings -87.89 -17.57 2.78 -41.18 -54.71 -33.89 -53.84
Price to Sales 45.06 29.85 1.96 5637.86 28782.61
Book Value Per Common Share 17.32 17.40 17.97 14.09 13.57 12.59 10.43 12.01 10.07 9.31 10.14 10.67 11.28
Price to Book 0.91 0.77 0.57 1.12 4.28 5.26 3.81 3.55 4.77 5.84 5.77 5.77 6.25
Price to Operating Cash Flow 197.75 -18.30 2.56 -71.57 -53.02 -35.38 -913.95 -136.35
Price to Free Cash Flow 206.26 -17.87 2.57 -70.68 -51.91 -34.32 -828.96 -133.69
Enterprise Value to EBITDA 26034.56

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY 2250.99
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Earning YoY
Revenue YoY -21.50 -91.40 54344.85 367.47
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 14.96 11.25 11.06 9.86 11.46
Quick Ratio 20.50 13.59 20.94
Current Ratio 21.45 14.25 17.27 21.23 37.27
Debt to Equity 0.08 0.11 0.11 0.05 0.03
Long-Term Debt to Equity 0.03 0.04 0.05 0.00 0.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Cash Per Common Share 17.07 17.00 17.77 13.81 14.12 12.40 10.40 12.39 10.13 9.53 9.60 10.97 11.46
Quick Ratio 29.02 20.40 18.74 20.50 18.36 23.65 13.59 20.94
Current Ratio 29.86 21.11 19.29 21.45 19.03 24.74 14.25 23.43 17.27 19.85 21.23 28.60 37.27
Debt to Equity 0.06 0.07 0.08 0.08 0.09 0.07 0.11 0.08 0.11 0.05 0.05 0.04 0.03
Long-Term Debt to Equity 0.02 0.02 0.02 0.03 0.03 0.03 0.04 0.04 0.05 0.00 0.00 0.00 0.00

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -30.42 -41.35 -34.12 -23.01 -16.84
ROE -32.78 -46.05 -37.73 -24.16 -17.33
Gross Margin
Operating Margin -5269.10 -101319.21 -282.23
EBITDA Margin -5252.45 -99751.66 -277.77
Net Profit Margin -5277.55 -101319.21 -292.26
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
ROA -0.98 -4.05 18.92 -9.14 -8.87 -9.31 -10.29 -6.16
ROE -1.03 -4.34 20.37 -9.94 -9.50 -10.09 -10.82 -6.40
Gross Margin
Operating Margin -107.87 -219.16 75.03 -15117.78 -51944.58
EBITDA Margin -105.10 -217.12 75.14 -15036.86 -51202.41
Net Profit Margin -51.04 -168.96 70.27 -13648.45 -51944.58

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 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 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 615,886.00 370,025.00 306,781.00 255,251.00 269,443.00
   Current Assets 588,893.00 347,293.00 285,767.00 251,440.00 267,726.00
      Cash and Short-Term Investments 559,931.00 331,147.00 279,048.00 230,042.00 265,876.00
            Cash and Cash Equivalents 559,931.00 331,147.00 279,048.00 230,042.00 265,876.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 2,742.00 143.00 0 18,000.00 0
      Inventory 0 0 0 0 0
      Other Current Assets 26,220.00 16,003.00 6,719.00 3,398.00 1,850.00
   Non-Current Assets 26,993.00 22,732.00 21,014.00 3,811.00 1,717.00
      Property, Plant, Equipment Net 23,488.00 19,468.00 17,569.00 2,402.00 1,602.00
      Real Estate 0 0 400.00 0 0
      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 3,505.00 3,264.00 3,445.00 1,409.00 115.00
Liabilities 44,333.00 37,812.00 29,358.00 12,077.00 7,722.00
   Current Liabilities 27,450.00 24,373.00 16,547.00 11,846.00 7,184.00
      Payables and Expenses 25,472.00 23,368.00 16,092.00 10,984.00 6,761.00
            Account Payables 4,602.00 5,450.00 3,339.00 3,645.00 2,149.00
            Current Accrued Liabilities 20,870.00 17,918.00 12,753.00 7,339.00 4,612.00
      Short-Term Debt 1,978.00 1,005.00 455.00 862.00 423.00
      Other Current Liabilities 0.00 0.00 0.00 0.00 0.00
   Non-Current Liabilities 16,883.00 13,439.00 12,811.00 231.00 538.00
      Long-Term Debt 16,883.00 13,439.00 12,811.00 231.00 476.00
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00 62.00
Equity 571,553.00 332,213.00 277,423.00 243,174.00 261,721.00
   Shareholders Equity 571,553.00 332,213.00 277,423.00 243,174.00 261,721.00
      Capital Stock 4.00 3.00 2.00 2.00 2.00
      Share Premium 1,140,328.00 713,636.00 505,855.00 366,927.00 326,730.00
      Retained Earnings -568,779.00 -381,426.00 -228,434.00 -123,755.00 -65,011.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 0
Debt 18,861.00 14,444.00 13,266.00 1,093.00 899.00
Common Shares Outstanding 40,554.71 31,841.08 27,543.45 23,974.83 23,192.87
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 3,550.00 151.00 0.00 20,100.00 0.00
Operating Expenses 214,383.00 170,092.00 114,790.00 76,473.00 46,657.00
   Selling, General and Administrative Expenses 40,754.00 34,834.00 27,525.00 21,330.00 12,797.00
   Research and Development Expenses 275,823.00 135,258.00 87,265.00 55,143.00 33,860.00
   Other Operating Expenses -102,194.00 0.00 0.00 0.00 0.00
Operating Income -210,833.00 -169,941.00 -114,790.00 -56,373.00 -46,657.00
Net Non-Operating Income 23,780.00 16,949.00 10,111.00 -360.00 1,124.00
Interest Expense 0.00 0.00 1.00 4.00 6.00
Net Interest 0 0 0 0 -6.00
EBT -187,053.00 -152,992.00 -104,679.00 -56,733.00 -45,533.00
Income Tax 300.00 0.00 0.00 2,011.00 172.00
Net Income -187,353.00 -152,992.00 -104,679.00 -58,744.00 -45,361.00
EBIT -187,053.00 -152,992.00 -104,678.00 -56,729.00 -45,527.00
Deprecation and Amortization 591.00 2,367.00 1,615.00 898.00 605.00
EBITDA -186,462.00 -150,625.00 -103,063.00 -55,831.00 -44,922.00
EPS -0.01 -0.01 -0.00 -0.00 0
Diluted EPS -0.01 -0.01 -0.00 -0.00 0
Average Shares Outstanding Basic 37,437.65 29,447.12 25,241.03 23,333.91 0
Average Shares Outstanding Diluted 37,437.65 29,447.12 25,241.03 23,333.91 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -160,869.00 -124,508.00 -70,062.00 -62,148.00 -36,894.00
   Operating Net Income -187,353.00 -152,992.00 -104,679.00 -58,744.00 -45,361.00
   Deprecation and Amortization 591.00 2,367.00 1,615.00 898.00 605.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 34,872.00 28,763.00 18,682.00 11,722.00 4,097.00
   Change in Working Capital -10,117.00 -3,034.00 18,019.00 -16,070.00 1,729.00
   Other Operating Activities 1,138.00 388.00 -3,699.00 46.00 2,036.00
Investing Cash Flow -1,931.00 -2,464.00 -1,241.00 -1,024.00 -294.00
   Capital Expenditure -1,931.00 -2,464.00 -1,241.00 -1,024.00 -294.00
   Net Purchase/Sale of PPE -1,931.00 -2,464.00 -1,241.00 -1,024.00 -294.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 1,931.00 2,464.00 1,241.00 1,024.00 294.00
Financing Cash Flow 391,821.00 178,956.00 120,309.00 28,550.00 296,044.00
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 240,935.00 179,050.00 120,396.00 28,550.00 299,240.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 150,886.00 -94.00 -87.00 0.00 -3,196.00
Net Change in Cash 229,021.00 51,984.00 49,006.00 -34,622.00 258,856.00
   Cash at Beginning of Period 332,359.00 280,375.00 231,369.00 265,991.00 7,135.00
   Cash at End of Period 561,380.00 332,359.00 280,375.00 231,369.00 265,991.00
Free Cash Flow -162,800.00 -126,972.00 -71,303.00 -63,172.00 -37,188.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Assets 742,783.00 757,165.00 784,561.00 615,886.00 579,271.00 485,819.00 370,025.00 384,436.00 306,781.00 235,142.00 255,251.00 257,730.00 269,443.00
   Current Assets 719,307.00 732,808.00 759,509.00 588,893.00 552,046.00 463,126.00 347,293.00 362,222.00 285,767.00 231,220.00 251,440.00 255,982.00 267,726.00
      Cash and Short-Term Investments 693,472.00 690,215.00 720,541.00 559,931.00 530,684.00 442,443.00 331,147.00 351,429.00 279,048.00 228,586.00 230,042.00 255,203.00 265,876.00
            Cash and Cash Equivalents 693,472.00 690,215.00 720,541.00 559,931.00 530,684.00 442,443.00 331,147.00 351,429.00 279,048.00 228,586.00 230,042.00 255,203.00 265,876.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 5,565.00 17,739.00 17,291.00 2,742.00 1,923.00 226.00 143.00 0 0 0 18,000.00 0 0
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 20,270.00 24,854.00 21,677.00 26,220.00 19,439.00 20,457.00 16,003.00 10,793.00 6,719.00 2,634.00 3,398.00 779.00 1,850.00
   Non-Current Assets 23,476.00 24,357.00 25,052.00 26,993.00 27,225.00 22,693.00 22,732.00 22,214.00 21,014.00 3,922.00 3,811.00 1,748.00 1,717.00
      Property, Plant, Equipment Net 22,027.00 22,908.00 23,140.00 23,488.00 24,189.00 19,429.00 19,468.00 19,297.00 17,569.00 2,320.00 2,402.00 1,633.00 1,602.00
      Real Estate 0 0 0 0 0 0 0 0 400.00 0 0 0 0
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 1,449.00 1,449.00 1,912.00 3,505.00 3,036.00 3,264.00 3,264.00 2,917.00 3,445.00 1,602.00 1,409.00 115.00 115.00
Liabilities 39,203.00 50,431.00 55,690.00 44,333.00 46,436.00 31,872.00 37,812.00 29,452.00 29,358.00 11,648.00 12,077.00 9,358.00 7,722.00
   Current Liabilities 24,092.00 34,707.00 39,379.00 27,450.00 29,007.00 18,718.00 24,373.00 15,458.00 16,547.00 11,648.00 11,846.00 8,950.00 7,184.00
      Payables and Expenses 12,455.00 23,038.00 33,969.00 25,472.00 18,771.00 17,668.00 23,368.00 15,458.00 16,092.00 10,764.00 10,984.00 8,514.00 6,761.00
            Account Payables 2,298.00 5,267.00 6,636.00 4,602.00 4,981.00 4,986.00 5,450.00 4,682.00 3,339.00 3,064.00 3,645.00 3,008.00 2,149.00
            Current Accrued Liabilities 6,010.00 11,450.00 27,333.00 20,870.00 13,790.00 12,682.00 17,918.00 10,776.00 12,753.00 7,700.00 7,339.00 5,506.00 4,612.00
      Short-Term Debt 2,318.00 2,230.00 2,102.00 1,978.00 1,857.00 1,050.00 1,005.00 0 455.00 884.00 862.00 436.00 423.00
      Other Current Liabilities 9,319.00 9,439.00 3,308.00 0.00 8,379.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Non-Current Liabilities 15,111.00 15,724.00 16,311.00 16,883.00 17,429.00 13,154.00 13,439.00 13,994.00 12,811.00 0.00 231.00 408.00 538.00
      Long-Term Debt 15,111.00 15,724.00 16,311.00 16,883.00 17,429.00 13,154.00 13,439.00 13,994.00 12,811.00 0 231.00 361.00 476.00
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.00 47.00 62.00
Equity 703,580.00 706,734.00 728,871.00 571,553.00 532,835.00 453,947.00 332,213.00 354,984.00 277,423.00 223,494.00 243,174.00 248,372.00 261,721.00
   Shareholders Equity 703,580.00 706,734.00 728,871.00 571,553.00 532,835.00 453,947.00 332,213.00 354,984.00 277,423.00 223,494.00 243,174.00 248,372.00 261,721.00
      Capital Stock 4.00 4.00 4.00 4.00 4.00 3.00 3.00 3.00 2.00 2.00 2.00 2.00 2.00
      Share Premium 1,161,880.00 1,157,754.00 1,149,195.00 1,140,328.00 1,055,584.00 878,484.00 713,636.00 619,219.00 505,855.00 371,433.00 366,927.00 329,266.00 326,730.00
      Retained Earnings -458,304.00 -451,024.00 -420,328.00 -568,779.00 -522,753.00 -424,540.00 -381,426.00 -264,238.00 -228,434.00 -147,941.00 -123,755.00 -80,896.00 -65,011.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Debt 17,429.00 17,954.00 18,413.00 18,861.00 19,286.00 14,204.00 14,444.00 13,994.00 13,266.00 884.00 1,093.00 797.00 899.00
Common Shares Outstanding 40,632.16 40,615.41 40,562.05 40,554.71 39,258.48 36,067.79 31,841.08 29,548.65 27,543.45 24,003.10 23,974.83 23,271.49 23,192.87
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Revenues 14,262.00 18,168.00 211,246.00 388.00 83.00 0 0 0
Interest Expense 0 0 0.00 0 0.00 0.00 1.00 1.00
Non-Interest Expense 10,127.00 14,482.00 0 9,820.00 0 0 0 0
Operating Expenses 29,646.00 57,985.00 59,206.00 59,045.00 48,566.00 38,869.00 24,126.00 15,769.00
   Selling, General and Administrative Expenses 10,127.00 14,482.00 10,497.00 9,820.00 10,308.00 7,778.00 6,048.00 4,274.00
   Research and Development Expenses 19,519.00 43,503.00 76,773.00 49,225.00 38,258.00 31,091.00 18,078.00 11,495.00
   Other Operating Expenses 0 0 -28,064.00 0 0.00 0.00 0.00 0.00
Operating Income -15,384.00 -39,817.00 152,040.00 -58,657.00 -48,483.00 -38,869.00 -24,126.00 -15,769.00
Net Non-Operating Income -253.00 -221.00 6,454.00 -92.00 5,369.00 3,065.00 -60.00 -66.00
EBT -8,704.00 -32,918.00 158,494.00 -52,956.00 -43,114.00 -35,804.00 -24,186.00 -15,835.00
Income Tax -1,424.00 -2,222.00 10,043.00 0 0.00 0.00 0.00 50.00
Net Income Including Non-Controlling Interests -7,280.00 -30,696.00 0 -52,956.00 0 0 0 0
Net Income -7,280.00 -30,696.00 148,451.00 -52,956.00 -43,114.00 -35,804.00 -24,186.00 -15,885.00
EBIT -15,384.00 -39,817.00 158,494.00 -58,657.00 -43,114.00 -35,804.00 -24,185.00 -15,834.00
Deprecation and Amortization 395.00 370.00 240.00 314.00 616.00 689.00 316.00 179.00
EBITDA -14,989.00 -39,447.00 158,734.00 -58,343.00 -42,498.00 -35,115.00 -23,869.00 -15,655.00
EPS -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00 0
Diluted EPS -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 40,623.36 40,612.91 40,559.36 37,590.73 35,685.42 28,369.45 23,993.70 0
Average Shares Outstanding Diluted 40,623.36 40,612.91 41,021.32 37,590.73 35,685.42 28,369.45 23,993.70 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Operating Cash Flow 3,249.00 -29,623.00 161,171.00 -30,500.00 -44,560.00 -34,235.00 -1,427.00 -10,505.00
   Operating Net Income -7,280.00 -30,696.00 148,451.00 -52,956.00 -43,114.00 -35,804.00 -24,186.00 -15,885.00
   Deprecation and Amortization 395.00 370.00 240.00 314.00 616.00 689.00 316.00 179.00
   Deferred Income Tax 0 0 0 0 0 0 0 0
   Share Based Compensation 3,986.00 8,542.00 8,863.00 8,817.00 8,070.00 5,687.00 4,388.00 2,494.00
   Change in Working Capital 5,539.00 -8,420.00 3,377.00 12,762.00 -9,892.00 -4,729.00 18,055.00 2,809.00
   Other Operating Activities 609.00 581.00 240.00 563.00 -240.00 -78.00 0.00 -102.00
Investing Cash Flow -132.00 -720.00 -565.00 -386.00 -946.00 -1,062.00 -147.00 -210.00
   Capital Expenditure 0 0 -565.00 0 -946.00 -1,062.00 -147.00 -210.00
   Net Purchase/Sale of PPE -132.00 -720.00 -565.00 -386.00 -946.00 -1,062.00 -147.00 -210.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0
   Other Investing Activities 0.00 0.00 565.00 0.00 946.00 1,062.00 147.00 210.00
Financing Cash Flow 140.00 17.00 4.00 155,944.00 156,802.00 107,678.00 118.00 42.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 138.00 0 4.00 155,066.00 157,061.00 107,678.00 118.00 42.00
   Dividends Paid 0 0 0 0 0 0 0 0
   Other Financing Activities 2.00 17.00 0.00 878.00 -259.00 0.00 0.00 0.00
Net Change in Cash 3,257.00 -30,326.00 160,610.00 125,058.00 111,296.00 72,381.00 -1,456.00 -10,673.00
   Cash at Beginning of Period 691,664.00 721,990.00 561,380.00 407,075.00 332,359.00 280,375.00 231,369.00 265,991.00
   Cash at End of Period 694,921.00 691,664.00 721,990.00 532,133.00 443,655.00 352,756.00 229,913.00 255,318.00
Free Cash Flow 3,117.00 -30,343.00 160,606.00 -30,886.00 -45,506.00 -35,297.00 -1,574.00 -10,715.00