Valuation Ratios

Breakdown 2024-12-31 2023-12-31
Price to Earnings -1.12
Price to Sales
Book Value Per Common Share 6.17 -3.05
Price to Book 0.61
Price to Operating Cash Flow -1.25
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 -2.11 -1.53 -1.87 -2.00 -4.52 -22.18
Price to Sales
Book Value Per Common Share 3.47 4.26 5.18 6.17 7.01 7.73 8.37
Price to Book 1.73 0.72 0.37 0.61 0.70 0.97 2.97
Price to Operating Cash Flow -2.16 -1.73 -1.86 -2.33 -5.05 -23.12
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31
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 2024-06-30 2024-03-31
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY -0.15

Financial Strength

Breakdown 2024-12-31 2023-12-31
Cash Per Common Share 7.46 1.41
Quick Ratio
Current Ratio 8.61 3.05
Debt to Equity 0.14 -1.57
Long-Term Debt to Equity 0.02 -1.42
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 3.95 4.90 5.61 6.62 8.76 10.35 15.57
Quick Ratio
Current Ratio 5.16 5.39 7.44 8.61 10.50 14.86 17.17
Debt to Equity 0.23 0.23 0.16 0.14 0.12 0.09 0.08
Long-Term Debt to Equity 0.01 0.01 0.02 0.02 0.02 0.02 0.02

Profitability

Breakdown 2024-12-31 2023-12-31
ROA -41.84 -80.28
ROE -47.82 45.94
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
ROA -65.99 -38.28 17.12 -26.53 -15.28 -6.84
ROE -81.28 -47.03 19.93 -29.73 -16.64 -7.39
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

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 304,645.00 75,195.00
   Current Assets 290,601.00 60,664.00
      Cash and Short-Term Investments 286,000.00 57,543.00
            Cash and Cash Equivalents 122,047.00 34,647.00
            Short-Term Investments 189,358.00 22,896.00
      Net Receivables 0 0
      Inventory 0 0
      Other Current Assets 4,601.00 3,121.00
   Non-Current Assets 14,044.00 14,531.00
      Property, Plant, Equipment Net 9,815.00 10,610.00
      Goodwill 0 0
      Intangible Assets 0 0
      Long-Term Investments 0 0
      Non-Current Deferred Assets 0 0
      Other Non-Current Assets 4,229.00 3,921.00
Liabilities 38,058.00 206,592.00
   Current Liabilities 33,756.00 19,859.00
      Payables and Expenses 10,707.00 14,127.00
            Account Payables 5,824.00 4,358.00
            Current Accrued Liabilities 4,883.00 9,769.00
      Short-Term Debt 3,940.00 2,920.00
      Other Current Liabilities 19,109.00 2,812.00
   Non-Current Liabilities 4,302.00 186,733.00
      Long-Term Debt 4,302.00 6,159.00
      Other Non-Current Liabilities 0.00 180,574.00
Equity 266,587.00 -131,397.00
   Shareholders Equity 266,587.00 -131,397.00
      Capital Stock 0 0
      Share Premium 530,002.00 4,642.00
      Retained Earnings -263,520.00 -136,043.00
      Treasury Shares 0 0
      Accumulated Other Comprehensive Income 105.00 4.00
   Minority Interest 0 0
Investments 189,358.00 0
Debt 8,242.00 9,079.00
Common Shares Outstanding 43,214.92 43,115.24
Breakdown 2024-12-31 2023-12-31
Interest Income 15,501.00 2,282.00
Interest Expense 142.00 187.00
Net Interest 15,359.00 0
Non-Interest Expense 0 12,483.00
Operating Expenses 142,604.00 62,406.00
   Selling, General and Administrative Expenses 62,862.00 12,483.00
   Research and Development Expenses 225,146.00 49,923.00
   Other Operating Expenses -145,404.00 0
Operating Income -142,604.00 -62,406.00
Net Non-Operating Income 15,127.00 -55.00
EBT -127,477.00 -60,366.00
Income Tax 0.00 0
Net Income Including Non-Controlling Interests 0 -60,366.00
Net Income -127,477.00 -60,366.00
EBIT -127,335.00 -60,179.00
Deprecation and Amortization 9,797.00 1,707.00
EBITDA -117,538.00 -58,472.00
EPS -0.00 -0.00
Diluted EPS -0.00 -0.00
Average Shares Outstanding Basic 38,334.57 40,822.53
Average Shares Outstanding Diluted 38,334.57 40,822.53
Breakdown 2024-12-31 2023-12-31
Operating Cash Flow -114,250.00 -52,410.00
   Operating Net Income -382,431.00 -60,366.00
   Deprecation and Amortization 9,797.00 1,707.00
   Deferred Income Tax 0 0
   Share Based Compensation 8,357.00 2,220.00
   Change in Working Capital 3,864.00 3,424.00
   Other Operating Activities 246,163.00 605.00
Investing Cash Flow -160,902.00 -8,785.00
   Capital Expenditure 0.00 0
   Net Purchase/Sale of PPE 2,205.00 -621.00
   Net Purchase/Sale of Investments Net 821,297.00 -8,164.00
   Net Purchase/Sale of Business 0 0
   Other Investing Activities -984,404.00 0.00
Financing Cash Flow 337,113.00 58,118.00
   Net Issuance/Repayment of Debt 956.00 -781.00
   Net Issuance/Repurchase of Equity 341,430.00 59,900.00
   Dividends Paid 0 0
   Other Financing Activities -5,273.00 -1,001.00
Net Change in Cash 61,961.00 -3,077.00
   Cash at Beginning of Period 35,212.00 38,289.00
   Cash at End of Period 97,173.00 35,212.00
Free Cash Flow 0 -53,031.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Assets 187,156.00 226,508.00 260,655.00 304,645.00 339,196.00 363,116.00 389,984.00
   Current Assets 174,925.00 214,327.00 247,651.00 290,601.00 325,374.00 348,823.00 375,488.00
      Cash and Short-Term Investments 171,100.00 211,700.00 242,600.00 286,000.00 321,600.00 346,200.00 369,800.00
            Cash and Cash Equivalents 34,164.00 105,506.00 56,865.00 122,047.00 107,054.00 131,618.00 224,287.00
            Short-Term Investments 136,974.00 158,237.00 185,784.00 189,358.00 216,924.00 214,619.00 145,507.00
      Net Receivables 0 0 0 0 0 0 0
      Inventory 0 0 0 0 0 0 0
      Other Current Assets 3,825.00 2,627.00 5,051.00 4,601.00 3,774.00 2,623.00 5,688.00
   Non-Current Assets 12,231.00 12,181.00 13,004.00 14,044.00 13,822.00 14,293.00 14,496.00
      Property, Plant, Equipment Net 6,110.00 7,211.00 8,200.00 9,815.00 10,304.00 11,191.00 11,200.00
      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 6,121.00 4,970.00 4,804.00 4,229.00 3,518.00 3,102.00 3,296.00
Liabilities 35,210.00 42,131.00 36,645.00 38,058.00 36,486.00 29,607.00 28,993.00
   Current Liabilities 33,871.00 39,789.00 33,292.00 33,756.00 30,985.00 23,478.00 21,865.00
      Payables and Expenses 9,976.00 14,888.00 11,551.00 10,707.00 14,372.00 7,583.00 8,814.00
            Account Payables 3,016.00 9,917.00 8,472.00 5,824.00 9,932.00 4,861.00 7,451.00
            Current Accrued Liabilities 6,960.00 4,971.00 3,079.00 4,883.00 4,440.00 2,722.00 1,363.00
      Short-Term Debt 3,685.00 3,576.00 3,585.00 3,940.00 3,931.00 3,870.00 3,718.00
      Other Current Liabilities 20,210.00 21,325.00 18,156.00 19,109.00 12,682.00 12,025.00 9,333.00
   Non-Current Liabilities 1,339.00 2,342.00 3,353.00 4,302.00 5,501.00 6,129.00 7,128.00
      Long-Term Debt 1,339.00 2,342.00 3,353.00 4,302.00 5,205.00 6,129.00 7,128.00
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00 296.00 0.00 0.00
Equity 151,946.00 184,377.00 224,010.00 266,587.00 302,710.00 333,509.00 360,991.00
   Shareholders Equity 151,946.00 184,377.00 224,010.00 266,587.00 302,710.00 333,509.00 360,991.00
      Capital Stock 0 0 0 0 0 0 0
      Share Premium 538,940.00 534,633.00 532,166.00 530,002.00 528,588.00 525,085.00 523,728.00
      Retained Earnings -387,023.00 -350,236.00 -308,155.00 -263,520.00 -226,031.00 -191,539.00 -162,736.00
      Treasury Shares 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 29.00 -20.00 -1.00 105.00 153.00 -37.00 -1.00
   Minority Interest 0 0 0 0 0 0 0
Investments 136,974.00 158,237.00 185,784.00 189,358.00 216,924.00 214,619.00 145,507.00
Debt 5,024.00 5,918.00 6,938.00 8,242.00 9,136.00 9,999.00 10,846.00
Common Shares Outstanding 43,794.09 43,244.93 43,218.87 43,214.92 43,167.34 43,146.85 43,115.24
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Operating Expenses 130,545.00 91,818.00 47,408.00 -51,110.00 101,563.00 62,793.00 29,358.00
   Selling, General and Administrative Expenses 26,839.00 18,569.00 9,975.00 17,811.00 25,173.00 12,996.00 6,882.00
   Research and Development Expenses 103,906.00 73,449.00 37,633.00 73,883.00 78,990.00 49,797.00 22,476.00
   Other Operating Expenses -200.00 -200.00 -200.00 -142,804.00 -2,600.00 0.00 0.00
Operating Income -130,545.00 -91,818.00 -47,408.00 51,110.00 -101,563.00 -62,793.00 -29,358.00
Net Non-Operating Income 7,042.00 5,102.00 2,773.00 -6,410.00 11,575.00 7,297.00 2,665.00
Interest Income 7,234.00 5,227.00 2,850.00 -6,689.00 11,899.00 7,512.00 2,779.00
Interest Expense 45.00 38.00 25.00 -100.00 115.00 83.00 44.00
Net Interest 7,189.00 5,189.00 2,825.00 -6,589.00 11,784.00 7,429.00 2,735.00
EBT -123,503.00 -86,716.00 -44,635.00 44,700.00 -89,988.00 -55,496.00 -26,693.00
Income Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income -123,503.00 -86,716.00 44,635.00 44,700.00 -89,988.00 -55,496.00 -26,693.00
EBIT -123,458.00 -86,678.00 -44,610.00 44,600.00 -89,873.00 -55,413.00 -26,649.00
Deprecation and Amortization 6,951.00 4,969.00 2,611.00 -1,510.00 6,998.00 3,547.00 762.00
EBITDA -116,507.00 -81,709.00 -41,999.00 43,090.00 -82,875.00 -51,866.00 -25,887.00
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 43,284.11 43,220.50 43,215.58 59,442.15 36,702.18 33,439.89 23,754.06
Average Shares Outstanding Diluted 43,284.11 43,220.50 43,215.58 59,442.15 36,702.18 33,439.89 23,754.06
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 -120,185.00 -76,864.00 -44,915.00 38,164.00 -77,189.00 -49,700.00 -25,525.00
   Operating Net Income -123,503.00 -86,716.00 -44,635.00 -210,254.00 -89,988.00 -55,496.00 -26,693.00
   Deprecation and Amortization 6,951.00 4,969.00 2,611.00 -1,510.00 6,998.00 3,547.00 762.00
   Deferred Income Tax 0 0 0 0 0 0 0
   Share Based Compensation 7,378.00 4,679.00 2,161.00 -4,458.00 6,975.00 3,562.00 2,278.00
   Change in Working Capital -1,398.00 2,093.00 1,912.00 -7,511.00 7,867.00 -457.00 3,965.00
   Other Operating Activities -9,613.00 -1,889.00 -6,964.00 261,897.00 -9,041.00 -856.00 -5,837.00
Investing Cash Flow 57,302.00 34,745.00 5,578.00 342,901.00 -190,124.00 -190,800.00 -122,879.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 666.00 204.00 0 -1,582.00 1,673.00 1,571.00 543.00
   Net Purchase/Sale of Investments Net 555,172.00 386,651.00 167,822.00 -145,319.00 537,051.00 261,229.00 168,336.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0
   Other Investing Activities -498,536.00 -352,110.00 -162,244.00 489,802.00 -728,848.00 -453,600.00 -291,758.00
Financing Cash Flow 425.00 -1,063.00 -414.00 -675,744.00 337,328.00 337,480.00 338,049.00
   Net Issuance/Repayment of Debt 723.00 603.00 341.00 -451.00 709.00 467.00 231.00
   Net Issuance/Repurchase of Equity 1,654.00 3.00 3.00 -682,511.00 341,398.00 341,308.00 341,235.00
   Dividends Paid 0 0 0 0 0 0 0
   Other Financing Activities -1,952.00 -1,669.00 -758.00 7,218.00 -4,779.00 -4,295.00 -3,417.00
Net Change in Cash -62,458.00 -43,182.00 -39,751.00 -294,679.00 70,015.00 96,980.00 189,645.00
   Cash at Beginning of Period 97,173.00 97,173.00 97,173.00 391,852.00 35,212.00 35,212.00 35,212.00
   Cash at End of Period 34,715.00 53,991.00 57,422.00 97,173.00 105,227.00 132,192.00 224,857.00
Free Cash Flow 0 0 0 0 0 0 0