Valuation Ratios

Breakdown 2024-12-31 2023-12-31
Price to Earnings -2.13 -1.08
Price to Sales
Book Value Per Common Share 3.53 4.26
Price to Book 1.86 3.15
Price to Operating Cash Flow -2.58 -1.21
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 2023-12-31 2023-09-30
Price to Earnings -3.86 -2.63 -3.51 -3.91 -11.38 -20.36
Price to Sales
Book Value Per Common Share 2.20 2.56 2.65 3.53 4.21 4.99 5.56 4.26 -199.37
Price to Book 3.02 1.57 1.31 1.86 2.14 3.21 2.82 3.15
Price to Operating Cash Flow -3.89 -3.15 -5.29 -5.37 -13.97 -29.51
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 2023-12-31 2023-09-30
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31
Cash Per Common Share 4.04 22.69
Quick Ratio
Current Ratio 5.52 7.21
Debt to Equity 0.26 0.23
Long-Term Debt to Equity 0.06 0.08
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30
Cash Per Common Share 6.23 8.54 3.23 3.89 5.01 5.74 6.97 4.56 21.89
Quick Ratio
Current Ratio 7.40 4.43 3.42 5.52 5.95 9.38 9.16 7.21 1.69
Debt to Equity 0.19 0.27 0.43 0.26 0.25 0.16 0.17 0.23 1.46
Long-Term Debt to Equity 0.05 0.05 0.08 0.06 0.06 0.05 0.05 0.08 0.43

Profitability

Breakdown 2024-12-31 2023-12-31
ROA -66.92 -47.49
ROE -84.16 -58.48
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 2023-12-31 2023-09-30
ROA -54.95 -33.37 -25.98 -41.65 -22.35 -10.17 -95.40
ROE -65.42 -42.51 -37.06 -51.97 -26.02 -11.85 -234.90
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 2023-12-31 2023-09-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31
Assets 146,942.00 139,807.00
   Current Assets 126,121.00 124,294.00
      Cash and Short-Term Investments 128,500.00 121,466.00
            Cash and Cash Equivalents 35,014.00 121,466.00
            Short-Term Investments 86,504.00 0
      Net Receivables 0 0
      Inventory 0 0
      Other Current Assets -2,379.00 2,828.00
   Non-Current Assets 20,821.00 15,513.00
      Property, Plant, Equipment Net 9,097.00 10,498.00
      Goodwill 0 0
      Intangible Assets 0 0
      Long-Term Investments 7,012.00 0
      Non-Current Deferred Assets 0 0
      Other Non-Current Assets 4,712.00 5,015.00
Liabilities 30,100.00 26,272.00
   Current Liabilities 22,846.00 17,239.00
      Payables and Expenses 10,135.00 6,604.00
            Account Payables 6,417.00 3,794.00
            Current Accrued Liabilities 3,718.00 2,810.00
      Short-Term Debt 2,670.00 2,605.00
      Other Current Liabilities 10,041.00 8,030.00
   Non-Current Liabilities 7,254.00 9,033.00
      Long-Term Debt 7,254.00 9,033.00
      Other Non-Current Liabilities 0.00 0.00
Equity 116,842.00 113,535.00
   Shareholders Equity 116,842.00 113,535.00
      Capital Stock 3.00 3.00
      Share Premium 397,132.00 295,372.00
      Retained Earnings -280,173.00 -181,840.00
      Treasury Shares 17.00 0
      Accumulated Other Comprehensive Income -103.00 0
   Minority Interest 0 0
Investments 93,516.00 0
Debt 9,924.00 11,638.00
Common Shares Outstanding 33,071.26 26,646.38
Breakdown 2024-12-31 2023-12-31
Operating Expenses 105,766.00 68,513.00
   Selling, General and Administrative Expenses 31,675.00 15,383.00
   Research and Development Expenses 76,491.00 55,730.00
   Other Operating Expenses -2,400.00 -2,600.00
Operating Income -105,766.00 -68,513.00
Net Non-Operating Income 7,433.00 2,119.00
Interest Income 7,693.00 3,072.00
Interest Expense 137.00 205.00
Net Interest 7,556.00 2,867.00
EBT -98,333.00 -66,394.00
Income Tax 0.00 0.00
Net Income -98,333.00 -66,394.00
EBIT -98,196.00 -66,189.00
Deprecation and Amortization 2,025.00 1,843.00
EBITDA -96,171.00 -64,346.00
EPS -0.00 -0.01
Diluted EPS -0.00 -0.01
Average Shares Outstanding Basic 31,787.49 5,354.37
Average Shares Outstanding Diluted 31,787.49 5,354.37
Breakdown 2024-12-31 2023-12-31
Operating Cash Flow -81,151.00 -59,496.00
   Operating Net Income -98,333.00 -66,394.00
   Deprecation and Amortization 2,025.00 1,843.00
   Deferred Income Tax 0 0
   Share Based Compensation 12,474.00 3,043.00
   Change in Working Capital 2,732.00 -3,463.00
   Other Operating Activities -49.00 5,475.00
Investing Cash Flow -94,077.00 -165.00
   Capital Expenditure 0.00 0.00
   Net Purchase/Sale of PPE 481.00 165.00
   Net Purchase/Sale of Investments Net 93,596.00 0
   Net Purchase/Sale of Business 0 0
   Other Investing Activities -188,154.00 -330.00
Financing Cash Flow 88,776.00 103,791.00
   Net Issuance/Repayment of Debt 410.00 4,425.00
   Net Issuance/Repurchase of Equity 89,203.00 100,302.00
   Dividends Paid 0 0
   Other Financing Activities -837.00 -936.00
Net Change in Cash -86,452.00 44,130.00
   Cash at Beginning of Period 124,718.00 80,588.00
   Cash at End of Period 38,266.00 124,718.00
Free Cash Flow 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30
Assets 143,844.00 176,068.00 125,690.00 146,942.00 173,865.00 192,007.00 213,205.00 139,807.00 54,724.00
   Current Assets 127,793.00 140,062.00 105,274.00 126,121.00 159,458.00 177,149.00 198,089.00 124,294.00 38,874.00
      Cash and Short-Term Investments 286,300.00 327,719.00 106,900.00 128,500.00 157,020.00 174,981.00 195,060.00 121,466.00 35,449.00
            Cash and Cash Equivalents 40,996.00 35,480.00 28,913.00 35,014.00 157,020.00 174,981.00 195,060.00 121,466.00 35,449.00
            Short-Term Investments 245,304.00 292,239.00 70,918.00 86,504.00 0 0 0 0 0
      Net Receivables 0 0 0 0 0 0 0 0 0
      Inventory 0 0 0 0 0 0 0 0 0
      Other Current Assets -158,507.00 -187,657.00 -1,626.00 -2,379.00 2,438.00 2,168.00 3,029.00 2,828.00 3,425.00
   Non-Current Assets 16,051.00 36,006.00 20,416.00 20,821.00 14,407.00 14,858.00 15,116.00 15,513.00 15,850.00
      Property, Plant, Equipment Net 8,193.00 8,455.00 8,753.00 9,097.00 9,615.00 9,986.00 10,164.00 10,498.00 10,756.00
      Goodwill 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0
      Long-Term Investments 3,390.00 62,229.00 7,035.00 7,012.00 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 4,468.00 -34,678.00 4,628.00 4,712.00 4,792.00 4,872.00 4,952.00 5,015.00 5,094.00
Liabilities 23,013.00 37,850.00 37,575.00 30,100.00 34,539.00 27,059.00 30,255.00 26,272.00 32,499.00
   Current Liabilities 17,271.00 31,593.00 30,823.00 22,846.00 26,818.00 18,877.00 21,630.00 17,239.00 23,035.00
      Payables and Expenses 7,638.00 22,236.00 13,014.00 10,135.00 11,399.00 7,665.00 5,247.00 6,604.00 4,471.00
            Account Payables 4,656.00 20,025.00 11,981.00 6,417.00 8,438.00 5,765.00 4,297.00 3,794.00 2,655.00
            Current Accrued Liabilities 2,982.00 2,211.00 1,033.00 3,718.00 2,961.00 1,900.00 950.00 2,810.00 1,816.00
      Short-Term Debt 2,715.00 2,656.00 2,647.00 2,670.00 2,682.00 2,670.00 2,611.00 2,605.00 10,891.00
      Other Current Liabilities 6,918.00 6,701.00 15,162.00 10,041.00 12,737.00 8,542.00 13,772.00 8,030.00 7,673.00
   Non-Current Liabilities 5,742.00 6,257.00 6,752.00 7,254.00 7,721.00 8,182.00 8,625.00 9,033.00 9,464.00
      Long-Term Debt 5,742.00 6,257.00 6,752.00 7,254.00 7,721.00 8,182.00 8,625.00 9,033.00 9,464.00
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Equity 120,831.00 138,218.00 88,115.00 116,842.00 139,326.00 164,948.00 182,950.00 113,535.00 22,225.00
   Shareholders Equity 120,831.00 138,218.00 88,115.00 116,842.00 139,326.00 164,948.00 182,950.00 113,535.00 -325,616.00
      Capital Stock 5.00 5.00 3.00 3.00 3.00 3.00 3.00 3.00 0
      Share Premium 479,969.00 477,175.00 401,012.00 397,132.00 393,585.00 389,718.00 386,469.00 295,372.00 4,845.00
      Retained Earnings -359,215.00 -338,932.00 -312,829.00 -280,173.00 -254,249.00 -224,760.00 -203,522.00 -181,840.00 -167,653.00
      Treasury Shares 17.00 17.00 17.00 17.00 13.00 13.00 0 0 0
      Accumulated Other Comprehensive Income 89.00 -13.00 -54.00 -103.00 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0
Investments 248,694.00 354,468.00 77,953.00 93,516.00 0 0 0 0 0
Debt 8,457.00 8,913.00 9,399.00 9,924.00 10,403.00 10,852.00 11,236.00 11,638.00 20,355.00
Common Shares Outstanding 54,934.28 53,998.49 33,191.86 33,071.26 33,058.45 33,039.91 32,928.14 26,646.38 1,633.21
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30
Operating Expenses 86,141.00 64,493.00 33,805.00 -42,750.00 78,384.00 46,841.00 23,291.00 53,539.00
   Selling, General and Administrative Expenses 38,554.00 32,601.00 16,634.00 -13,072.00 22,659.00 14,539.00 7,549.00 8,619.00
   Research and Development Expenses 47,787.00 32,092.00 17,235.00 -30,008.00 57,425.00 33,302.00 15,772.00 47,260.00
   Other Operating Expenses -200.00 -200.00 -64.00 330.00 -1,700.00 -1,000.00 -30.00 -2,340.00
Operating Income -86,141.00 -64,493.00 -33,805.00 42,750.00 -78,384.00 -46,841.00 -23,291.00 -53,539.00
Net Non-Operating Income 7,099.00 5,734.00 1,149.00 -4,072.00 5,975.00 3,921.00 1,609.00 1,332.00
Interest Income 3,992.00 2,514.00 1,221.00 -4,264.00 6,198.00 4,071.00 1,688.00 1,920.00
Interest Expense 75.00 53.00 28.00 -79.00 107.00 72.00 37.00 155.00
Net Interest 3,917.00 2,461.00 1,193.00 -4,185.00 6,091.00 3,999.00 1,651.00 1,765.00
EBT -79,042.00 -58,759.00 -32,656.00 38,678.00 -72,409.00 -42,920.00 -21,682.00 -52,207.00
Income Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income -79,042.00 -58,759.00 -32,656.00 38,678.00 -72,409.00 -42,920.00 -21,682.00 -52,207.00
EBIT -78,967.00 -58,706.00 -32,628.00 38,599.00 -72,302.00 -42,848.00 -21,645.00 -52,052.00
Deprecation and Amortization 1,435.00 965.00 489.00 -904.00 1,481.00 972.00 476.00 1,353.00
EBITDA -77,532.00 -57,741.00 -32,139.00 37,695.00 -70,821.00 -41,876.00 -21,169.00 -50,699.00
EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.03
Diluted EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.03
Average Shares Outstanding Basic 45,991.57 38,372.70 33,113.99 37,324.41 31,354.82 30,490.89 27,979.84 1,619.15
Average Shares Outstanding Diluted 45,991.57 38,372.70 33,113.99 37,324.41 31,354.82 30,490.89 27,979.84 1,619.15
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30
Operating Cash Flow -78,482.00 -48,935.00 -21,716.00 21,560.00 -52,825.00 -35,019.00 -14,867.00 -45,515.00
   Operating Net Income -79,042.00 -58,759.00 -32,656.00 38,678.00 -72,409.00 -42,920.00 -21,682.00 -52,207.00
   Deprecation and Amortization 1,435.00 965.00 489.00 -904.00 1,481.00 972.00 476.00 1,353.00
   Deferred Income Tax 0 0 0 0 0 0 0 0
   Share Based Compensation 9,419.00 6,768.00 3,697.00 -4,001.00 8,967.00 5,177.00 2,331.00 2,239.00
   Change in Working Capital -2,437.00 15,352.00 5,148.00 -1,251.00 3,056.00 402.00 525.00 -2,724.00
   Other Operating Activities -7,857.00 -13,261.00 1,606.00 -10,962.00 6,080.00 1,350.00 3,483.00 5,824.00
Investing Cash Flow 11,437.00 -23,574.00 15,600.00 -92,979.00 -494.00 -411.00 -193.00 -92.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 397.00 108.00 0 -617.00 494.00 411.00 193.00 92.00
   Net Purchase/Sale of Investments Net 122,566.00 87,266.00 15,600.00 93,596.00 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0
   Other Investing Activities -111,526.00 -110,948.00 0.00 -185,958.00 -988.00 -822.00 -386.00 -184.00
Financing Cash Flow 73,023.00 72,971.00 11.00 -177,696.00 88,873.00 88,945.00 88,654.00 3,720.00
   Net Issuance/Repayment of Debt 364.00 281.00 159.00 -176.00 294.00 183.00 109.00 4,320.00
   Net Issuance/Repurchase of Equity 305.00 170.00 170.00 -177,881.00 89,180.00 89,141.00 88,763.00 51.00
   Dividends Paid 0 0 0 0 0 0 0 0
   Other Financing Activities 72,354.00 72,520.00 -318.00 361.00 -601.00 -379.00 -218.00 -651.00
Net Change in Cash 5,978.00 462.00 -6,105.00 -249,115.00 35,554.00 53,515.00 73,594.00 -41,887.00
   Cash at Beginning of Period 38,266.00 38,266.00 38,266.00 287,381.00 124,718.00 124,718.00 124,718.00 80,588.00
   Cash at End of Period 44,244.00 38,728.00 32,161.00 38,266.00 160,272.00 178,233.00 198,312.00 38,701.00
Free Cash Flow 0 0 0 0 0 0 0 0