Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31
Price to Earnings -3.36 -4.32
Price to Sales
Book Value Per Common Share 3.84 5.86 -1.34
Price to Book 3.21 1.47
Price to Operating Cash Flow -3.59 -3.83
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 2023-06-30 2023-03-31
Price to Earnings -19.55 -9.40 -20.10 -4.52 -7.60 -18.44 -6.99 -22.14 -30.71
Price to Sales
Book Value Per Common Share 7.30 4.77 5.26 3.84 4.76 5.84 6.61 5.86 6.42 6.98 7.24
Price to Book 5.19 2.84 3.02 3.21 2.54 2.00 1.95 1.47 1.48 2.44 2.16
Price to Operating Cash Flow -22.90 -10.61 -18.56 -5.85 -11.20 -30.28 -6.35 -16.61 -30.35
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31
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 2023-06-30 2023-03-31
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31
Cash Per Common Share 4.08 6.54 2.82
Quick Ratio
Current Ratio 14.02 23.76 13.98
Debt to Equity 0.08 0.04 -3.19
Long-Term Debt to Equity 0.00 0.00 -3.04
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 2023-06-30 2023-03-31
Cash Per Common Share 9.40 5.48 6.45 3.98 5.48 6.59 7.54 5.75 7.28 8.08 10.93
Quick Ratio
Current Ratio 25.50 15.12 26.48 14.02 8.55 11.20 18.06 23.76 19.60 43.42 26.07
Debt to Equity 0.04 0.07 0.04 0.08 0.13 0.10 0.06 0.04 0.05 0.02 0.04
Long-Term Debt to Equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31
ROA -86.36 -28.57 -26.04
ROE -92.97 -29.81 57.01
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 2023-06-30 2023-03-31
ROA -20.40 -25.46 -11.89 -48.04 -22.77 -9.07 -17.12 -8.50 -4.11
ROE -21.24 -27.26 -12.36 -54.39 -25.00 -9.60 -18.00 -8.68 -4.26
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31
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 2023-06-30 2023-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31
Assets 205,903.00 251,636.00 114,442.00
   Current Assets 205,351.00 249,103.00 112,811.00
      Cash and Short-Term Investments 198,187.00 236,567.00 110,110.00
            Cash and Cash Equivalents 114,091.00 49,304.00 87,701.00
            Short-Term Investments 84,096.00 187,263.00 22,409.00
      Net Receivables 0 0 0
      Inventory 0 0 0
      Other Current Assets 7,164.00 12,536.00 2,701.00
   Non-Current Assets 552.00 2,533.00 1,631.00
      Property, Plant, Equipment Net 53.00 0 0
      Goodwill 0 0 0
      Intangible Assets 0 0 0
      Long-Term Investments 0 2,482.00 0
      Non-Current Deferred Assets 0 0 1,631.00
      Other Non-Current Assets 499.00 51.00 0
Liabilities 14,646.00 10,482.00 166,711.00
   Current Liabilities 14,646.00 10,482.00 8,067.00
      Payables and Expenses 14,646.00 10,482.00 7,402.00
            Account Payables 479.00 601.00 1,907.00
            Current Accrued Liabilities 14,167.00 9,881.00 5,495.00
      Short-Term Debt 0 0 0
      Other Current Liabilities 0.00 0.00 0
   Non-Current Liabilities 0.00 0.00 158,644.00
      Long-Term Debt 0 0 0
      Other Non-Current Liabilities 0 0 158,644.00
Equity 191,257.00 241,154.00 -52,269.00
   Shareholders Equity 191,257.00 241,154.00 -52,269.00
      Capital Stock 5.00 4.00 1.00
      Share Premium 493,770.00 365,858.00 540.00
      Retained Earnings -302,518.00 -124,708.00 -52,810.00
      Treasury Shares 0 0 0
      Accumulated Other Comprehensive Income 0 0 0
   Minority Interest 0 0 0
Investments 84,096.00 189,745.00 0
Debt 0 0 0
Common Shares Outstanding 49,821.92 41,133.92 39,056.65
Breakdown 2024-12-31 2023-12-31 2022-12-31
Interest Income 0 0 1,676.00
Interest Expense 0.00 0.00 0
Net Interest 14,588.00 12,756.00 0
Non-Interest Expense 0 0 5,229.00
Operating Expenses 192,403.00 84,657.00 31,479.00
   Selling, General and Administrative Expenses 23,822.00 14,296.00 5,229.00
   Research and Development Expenses 168,581.00 79,361.00 26,250.00
   Other Operating Expenses 0.00 -9,000.00 0
Operating Income -192,403.00 -84,657.00 -31,479.00
Net Non-Operating Income 14,593.00 12,759.00 4.00
EBT -177,810.00 -71,898.00 -29,799.00
Income Tax 0.00 0.00 0
Net Income Including Non-Controlling Interests 0 0 -29,799.00
Net Income -177,810.00 -71,898.00 -29,799.00
EBIT -177,810.00 -71,898.00 -31,479.00
Deprecation and Amortization 9,448.00 6,865.00 0
EBITDA -168,362.00 -65,033.00 -31,479.00
EPS -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00
Average Shares Outstanding Basic 48,539.79 36,188.25 39,056.65
Average Shares Outstanding Diluted 48,539.79 36,188.25 39,056.65
Breakdown 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow -166,314.00 -81,173.00 -29,221.00
   Operating Net Income -177,810.00 -71,898.00 -29,799.00
   Deprecation and Amortization 9,448.00 6,865.00 0
   Deferred Income Tax 0 0 0
   Share Based Compensation 11,336.00 5,060.00 455.00
   Change in Working Capital -1,196.00 12,300.00 772.00
   Other Operating Activities -8,092.00 -33,500.00 0
Investing Cash Flow 114,959.00 -160,472.00 -21,759.00
   Capital Expenditure 0.00 0.00 0
   Net Purchase/Sale of PPE 96.00 0 0
   Net Purchase/Sale of Investments Net 861,945.00 535,472.00 -21,759.00
   Net Purchase/Sale of Business 0 0 0
   Other Investing Activities -747,082.00 -695,944.00 0
Financing Cash Flow 116,142.00 203,248.00 128,019.00
   Net Issuance/Repayment of Debt 0 0 0
   Net Issuance/Repurchase of Equity 116,577.00 203,248.00 128,019.00
   Dividends Paid 0 0 0
   Other Financing Activities -435.00 0.00 0
Net Change in Cash 64,787.00 -38,397.00 77,039.00
   Cash at Beginning of Period 49,304.00 87,701.00 10,662.00
   Cash at End of Period 114,091.00 49,304.00 87,701.00
Free Cash Flow 0 0 -29,221.00
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 2023-06-30 2023-03-31
Assets 599,947.00 335,724.00 354,941.00 205,903.00 268,253.00 318,492.00 347,249.00 251,636.00 277,555.00 291,217.00 306,435.00
   Current Assets 599,796.00 335,269.00 354,506.00 205,351.00 267,732.00 318,001.00 346,819.00 249,103.00 265,375.00 269,488.00 275,274.00
      Cash and Short-Term Investments 593,628.00 324,916.00 343,026.00 198,187.00 263,603.00 311,115.00 338,565.00 236,567.00 253,761.00 261,097.00 270,639.00
            Cash and Cash Equivalents 217,597.00 101,788.00 165,007.00 114,091.00 97,274.00 67,856.00 90,418.00 49,304.00 86,300.00 101,140.00 138,246.00
            Short-Term Investments 376,031.00 223,128.00 178,019.00 84,096.00 166,329.00 243,259.00 248,147.00 187,263.00 167,461.00 159,957.00 132,393.00
      Net Receivables 0 0 0 0 0 0 0 0 0 0 0
      Inventory 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 6,168.00 10,353.00 11,480.00 7,164.00 4,129.00 6,886.00 8,254.00 12,536.00 11,614.00 8,391.00 4,635.00
   Non-Current Assets 151.00 455.00 435.00 552.00 521.00 491.00 430.00 2,533.00 12,180.00 21,729.00 31,161.00
      Property, Plant, Equipment Net 7.00 22.00 38.00 53.00 69.00 42.00 51.00 0 0 0 0
      Goodwill 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 2,482.00 12,129.00 21,678.00 31,122.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 144.00 433.00 397.00 499.00 452.00 449.00 379.00 51.00 51.00 51.00 39.00
Liabilities 23,520.00 22,173.00 13,386.00 14,646.00 31,321.00 28,397.00 19,204.00 10,482.00 13,543.00 6,207.00 10,560.00
   Current Liabilities 23,520.00 22,173.00 13,386.00 14,646.00 31,321.00 28,397.00 19,204.00 10,482.00 13,543.00 6,207.00 10,560.00
      Payables and Expenses 23,520.00 22,173.00 13,386.00 14,646.00 31,321.00 28,397.00 19,204.00 10,482.00 13,543.00 6,207.00 10,560.00
            Account Payables 1,121.00 3,164.00 373.00 479.00 3,106.00 1,707.00 4,261.00 601.00 5,573.00 2,196.00 2,387.00
            Current Accrued Liabilities 22,399.00 19,009.00 13,013.00 14,167.00 28,215.00 26,690.00 14,943.00 9,881.00 7,970.00 4,011.00 8,173.00
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Non-Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
      Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Equity 576,427.00 313,551.00 341,555.00 191,257.00 236,932.00 290,095.00 328,045.00 241,154.00 264,012.00 285,010.00 295,875.00
   Shareholders Equity 576,427.00 313,551.00 341,555.00 191,257.00 236,932.00 290,095.00 328,045.00 241,154.00 264,012.00 285,010.00 295,875.00
      Capital Stock 8.00 6.00 6.00 5.00 5.00 5.00 5.00 4.00 4.00 4.00 4.00
      Share Premium 1,001,354.00 701,548.00 686,278.00 493,770.00 490,499.00 487,320.00 484,256.00 365,858.00 364,327.00 362,565.00 361,289.00
      Retained Earnings -424,935.00 -388,003.00 -344,729.00 -302,518.00 -253,572.00 -197,230.00 -156,216.00 -124,708.00 -100,319.00 -77,559.00 -65,418.00
      Treasury Shares 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
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0
Investments 376,031.00 223,128.00 178,019.00 84,096.00 166,329.00 243,259.00 248,147.00 189,745.00 359,180.00 363,270.00 327,030.00
Debt 0 0 0 0 0 0 0 0 0 0 0
Common Shares Outstanding 78,969.46 65,725.41 64,876.23 49,821.92 49,755.95 49,710.60 49,632.99 41,133.92 41,105.12 40,856.65 40,856.65
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 2023-06-30 2023-03-31
Operating Expenses 132,324.00 91,193.00 44,447.00 -64,125.00 140,636.00 80,530.00 35,362.00 -17,900.00 56,946.00 30,673.00 14,938.00
   Selling, General and Administrative Expenses 24,717.00 15,036.00 6,568.00 -7,913.00 16,624.00 10,503.00 4,608.00 -5,115.00 10,270.00 6,496.00 2,645.00
   Research and Development Expenses 107,607.00 76,157.00 37,879.00 -56,212.00 124,012.00 70,027.00 30,754.00 -15,785.00 50,676.00 28,177.00 16,293.00
   Other Operating Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,000.00 -4,000.00 -4,000.00 -4,000.00
Operating Income -132,324.00 -91,193.00 -44,447.00 64,125.00 -140,636.00 -80,530.00 -35,362.00 17,900.00 -56,946.00 -30,673.00 -14,938.00
Net Non-Operating Income 9,907.00 5,708.00 2,236.00 -9,041.00 11,772.00 8,008.00 3,854.00 -4,932.00 9,437.00 5,924.00 2,330.00
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Interest 9,908.00 5,713.00 2,239.00 -9,049.00 11,779.00 8,005.00 3,853.00 -4,930.00 9,435.00 5,922.00 2,329.00
EBT -122,417.00 -85,485.00 -42,211.00 55,084.00 -128,864.00 -72,522.00 -31,508.00 12,968.00 -47,509.00 -24,749.00 -12,608.00
Income Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income -122,417.00 -85,485.00 -42,211.00 55,084.00 -128,864.00 -72,522.00 -31,508.00 12,968.00 -47,509.00 -24,749.00 -12,608.00
EBIT -122,417.00 -85,485.00 -42,211.00 55,084.00 -128,864.00 -72,522.00 -31,508.00 12,968.00 -47,509.00 -24,749.00 -12,608.00
Deprecation and Amortization 5,717.00 3,306.00 1,061.00 -6,538.00 8,096.00 5,373.00 2,517.00 -1,626.00 4,799.00 2,837.00 855.00
EBITDA -116,700.00 -82,179.00 -41,150.00 48,546.00 -120,768.00 -67,149.00 -28,991.00 11,342.00 -42,710.00 -21,912.00 -11,753.00
EPS -0.00 -0.00 -0.00 0.00 -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 0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 63,133.63 59,341.37 53,163.55 54,016.50 48,063.64 47,178.29 44,900.75 52,815.12 34,872.29 32,301.14 24,764.47
Average Shares Outstanding Diluted 63,133.63 59,341.37 53,163.55 54,016.50 48,063.64 47,178.29 44,900.75 52,815.12 34,872.29 32,301.14 24,764.47
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 2023-06-30 2023-03-31
Operating Cash Flow -104,528.00 -75,656.00 -45,487.00 1,581.00 -99,471.00 -49,285.00 -19,139.00 16,955.00 -52,192.00 -33,161.00 -12,775.00
   Operating Net Income -122,417.00 -85,485.00 -42,211.00 55,084.00 -128,864.00 -72,522.00 -31,508.00 12,968.00 -47,509.00 -24,749.00 -12,608.00
   Deprecation and Amortization 5,717.00 3,306.00 1,061.00 -6,538.00 8,096.00 5,373.00 2,517.00 -1,626.00 4,799.00 2,837.00 855.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 14,039.00 8,198.00 3,645.00 -4,120.00 8,202.00 5,063.00 2,191.00 -1,317.00 3,603.00 2,025.00 749.00
   Change in Working Capital 7,641.00 10,181.00 2,798.00 -29,995.00 12,443.00 12,233.00 4,123.00 -9,904.00 14,439.00 3,880.00 3,885.00
   Other Operating Activities -9,508.00 -11,856.00 -10,780.00 -12,850.00 652.00 568.00 3,538.00 16,834.00 -27,524.00 -17,154.00 -5,656.00
Investing Cash Flow -286,264.00 -135,757.00 -92,876.00 187,738.00 31,389.00 -48,216.00 -55,952.00 288,552.00 -152,383.00 -156,390.00 -140,251.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0 -118.00 96.00 59.00 59.00 0 0 0 0
   Net Purchase/Sale of Investments Net 806,264.00 355,757.00 162,876.00 -432,620.00 650,515.00 453,157.00 190,893.00 -328,552.00 397,383.00 281,390.00 185,251.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -1,092,528.00 -491,514.00 -255,752.00 620,476.00 -619,222.00 -501,432.00 -246,904.00 617,104.00 -549,766.00 -437,780.00 -325,502.00
Financing Cash Flow 494,298.00 199,110.00 189,279.00 -232,168.00 116,052.00 116,053.00 116,205.00 -406,487.00 203,174.00 202,990.00 203,571.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 494,384.00 199,167.00 189,289.00 -232,531.00 116,440.00 116,400.00 116,268.00 -406,487.00 203,174.00 202,990.00 203,571.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -86.00 -57.00 -10.00 363.00 -388.00 -347.00 -63.00 0.00 0.00 0.00 0.00
Net Change in Cash 103,506.00 -12,303.00 50,916.00 -42,849.00 47,970.00 18,552.00 41,114.00 -100,980.00 -1,401.00 13,439.00 50,545.00
   Cash at Beginning of Period 114,091.00 114,091.00 114,091.00 156,940.00 49,304.00 49,304.00 49,304.00 150,284.00 87,701.00 87,701.00 87,701.00
   Cash at End of Period 217,597.00 101,788.00 165,007.00 114,091.00 97,274.00 67,856.00 90,418.00 49,304.00 86,300.00 101,140.00 138,246.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0