NAMS
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -10.04 | -5.20 | -9.16 | |
| Price to Sales | 53.22 | 65.13 | 2.01 | |
| Book Value Per Common Share | 7.01 | 3.50 | 5.27 | 0.69 |
| Price to Book | 3.67 | 3.19 | 2.07 | |
| Price to Operating Cash Flow | -15.29 | -6.50 | 19.38 | |
| Price to Free Cash Flow | -15.23 | -6.50 | 19.79 | |
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | -46.62 | -117.37 | -60.21 | -92.22 | |
| Price to Sales | 9806.90 | 106.40 | 799.61 | 217.43 | 54.04 |
| Book Value Per Common Share | 6.43 | 6.92 | 6.93 | 7.01 | 4.11 |
| Price to Book | 4.42 | 2.62 | 2.95 | 3.67 | 4.04 |
| Price to Operating Cash Flow | -103.27 | -54.09 | -65.19 | -74.11 | -125.85 |
| Price to Free Cash Flow | -103.16 | -53.96 | -65.15 | -74.08 | -125.09 |
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 223.37 | -86.28 | ||
| 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 | -98.18 | 542.88 | -76.68 | -56.13 | |
| EBITDA YoY | |||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 8.84 | 4.14 | 24.66 | 0.74 |
| Quick Ratio | 8.00 | 6.86 | 13.03 | 5.81 |
| Current Ratio | 8.08 | 6.95 | 13.26 | 5.96 |
| Debt to Equity | 0.14 | 0.20 | 0.11 | 0.20 |
| Long-Term Debt to Equity | 0.00 | 0.03 | 0.03 | 0.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 5.91 | 6.57 | 6.96 | 7.72 | 4.46 |
| Quick Ratio | 12.41 | 20.79 | 19.80 | 8.00 | 10.37 |
| Current Ratio | 12.57 | 21.08 | 19.98 | 8.08 | 10.61 |
| Debt to Equity | 0.08 | 0.05 | 0.05 | 0.14 | 0.16 |
| Long-Term Debt to Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -27.94 | -50.98 | -4.73 | -61.73 |
| ROE | -31.89 | -61.35 | -5.26 | -74.12 |
| Gross Margin | ||||
| Operating Margin | -530.25 | -1255.57 | -21.76 | |
| EBITDA Margin | -530.00 | -1255.22 | -21.75 | |
| Net Profit Margin | -530.25 | -1255.76 | -22.04 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | -9.16 | -2.13 | -4.83 | -10.66 | -3.79 |
| ROE | -9.89 | -2.23 | -5.08 | -12.17 | -4.39 |
| Gross Margin | |||||
| Operating Margin | -15845.69 | -186.13 | -2314.47 | -874.91 | -85.89 |
| EBITDA Margin | -15827.30 | -185.90 | -2312.73 | -874.51 | -85.79 |
| Net Profit Margin | -20691.09 | -90.70 | -1327.30 | -721.71 | -57.18 |
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 | 864,620.00 | 347,097.00 | 478,497.00 | 67,686.42 |
| Current Assets | 863,413.00 | 346,791.00 | 477,979.00 | 66,658.36 |
| Cash and Short-Term Investments | 834,190.00 | 340,450.00 | 467,728.00 | 60,111.86 |
| Cash and Cash Equivalents | 771,743.00 | 340,450.00 | 467,728.00 | 60,111.86 |
| Short-Term Investments | 62,447.00 | 0 | 0 | 0 |
| Net Receivables | 21,305.00 | 1,881.00 | 2,070.00 | 4,857.23 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 7,918.00 | 4,460.00 | 8,181.00 | 1,689.27 |
| Non-Current Assets | 1,207.00 | 306.00 | 518.00 | 1,028.06 |
| Property, Plant, Equipment Net | 673.00 | 101.00 | 154.00 | 215.12 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 534.00 | 205.00 | 364.00 | 812.93 |
| Liabilities | 107,120.00 | 58,704.00 | 48,431.00 | 11,312.02 |
| Current Liabilities | 106,918.00 | 49,897.00 | 36,057.00 | 11,186.34 |
| Payables and Expenses | 9,631.00 | 24,937.00 | 15,972.00 | 10,606.64 |
| Account Payables | 4,744.00 | 16,923.00 | 11,853.00 | 7,041.28 |
| Current Accrued Liabilities | 4,887.00 | 8,014.00 | 4,119.00 | 424.58 |
| Short-Term Debt | 246.00 | 60.00 | 66.00 | 60.01 |
| Other Current Liabilities | 97,041.00 | 24,900.00 | 20,019.00 | 519.69 |
| Non-Current Liabilities | 202.00 | 8,807.00 | 12,374.00 | 125.68 |
| Long-Term Debt | 202.00 | 0 | 60.00 | 125.68 |
| Other Non-Current Liabilities | 0.00 | 8,807.00 | 12,314.00 | 0.00 |
| Equity | 757,500.00 | 288,393.00 | 430,066.00 | 56,374.40 |
| Shareholders Equity | 757,500.00 | 288,393.00 | 430,066.00 | 56,374.40 |
| Capital Stock | 13,444.00 | 10,173.00 | 10,055.00 | 94,966.15 |
| Share Premium | 1,298,160.00 | 590,771.00 | 555,625.00 | 0 |
| Retained Earnings | -558,571.00 | -316,973.00 | -140,036.00 | -39,260.89 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 4,467.00 | 4,422.00 | 4,422.00 | 669.14 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 448.00 | 60.00 | 126.00 | 185.68 |
| Common Shares Outstanding | 108,064.34 | 82,469.77 | 81,559.78 | 81,559.78 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 45,563.00 | 14,090.00 | 102,694.00 | 0 |
| Interest Income | 16,881.00 | 11,283.00 | 0 | 0 |
| Interest Expense | 0 | 0 | 287.00 | 411.00 |
| Non-Interest Expense | 70,446.00 | 37,633.00 | 19,507.00 | 5,677.00 |
| Operating Expenses | 221,852.00 | 197,057.00 | 106,251.00 | 34,651.00 |
| Selling, General and Administrative Expenses | 70,446.00 | 37,633.00 | 19,507.00 | 5,677.00 |
| Research and Development Expenses | 151,406.00 | 159,424.00 | 86,744.00 | 28,974.00 |
| Operating Income | -176,289.00 | -182,967.00 | -3,557.00 | -34,651.00 |
| Net Non-Operating Income | 0 | 0 | -8,002.00 | -7,220.00 |
| EBT | -241,599.00 | -176,910.00 | -22,634.00 | -41,785.00 |
| Income Tax | -1.00 | 27.00 | 0 | 0 |
| Net Income Including Non-Controlling Interests | -241,598.00 | -176,937.00 | -22,634.00 | -41,785.00 |
| Net Income | -241,598.00 | -176,937.00 | -22,634.00 | -41,785.00 |
| EBIT | -241,599.00 | -176,910.00 | -22,347.00 | -41,374.00 |
| Deprecation and Amortization | 113.00 | 49.00 | 9.00 | 5.00 |
| EBITDA | -241,486.00 | -176,861.00 | -22,338.00 | -41,369.00 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 94,358.07 | 82,161.96 | 18,966.24 | 81,559.78 |
| Average Shares Outstanding Diluted | 94,358.07 | 82,161.96 | 18,966.24 | 81,559.78 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -158,564.00 | -141,218.00 | 10,665.00 | -29,512.00 |
| Operating Net Income | -241,598.00 | -176,937.00 | -22,634.00 | -41,785.00 |
| Deprecation and Amortization | 113.00 | 49.00 | 9.00 | 5.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 33,619.00 | 24,572.00 | 4,117.00 | 1,244.00 |
| Change in Working Capital | -32,674.00 | 5,866.00 | 10,373.00 | 4,470.00 |
| Other Operating Activities | 81,976.00 | 5,232.00 | 18,800.00 | 6,554.00 |
| Investing Cash Flow | -62,848.00 | -24.00 | -221.00 | -24.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -672.00 | -24.00 | -221.00 | -24.00 |
| Net Purchase/Sale of Investments Net | -62,176.00 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.00 | 0.00 | 0.00 | 0 |
| Financing Cash Flow | 659,507.00 | 8,912.00 | 391,905.00 | 84,704.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 747.00 | 0 |
| Net Issuance/Repurchase of Equity | 645,507.00 | 0 | 396,952.00 | 84,704.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 14,000.00 | 8,912.00 | -5,794.00 | 0.00 |
| Net Change in Cash | 438,095.00 | -132,330.00 | 402,349.00 | 55,168.00 |
| Cash at Beginning of Period | 340,450.00 | 467,728.00 | 60,131.00 | 9,646.00 |
| Cash at End of Period | 771,743.00 | 340,450.00 | 467,728.00 | 60,131.00 |
| Free Cash Flow | -159,236.00 | -141,242.00 | 10,444.00 | -29,536.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 786,427.00 | 815,112.00 | 818,413.00 | 864,620.00 | 439,191.00 |
| Current Assets | 732,328.00 | 769,850.00 | 817,304.00 | 863,413.00 | 437,874.00 |
| Cash and Short-Term Investments | 702,946.00 | 739,162.00 | 808,477.00 | 834,190.00 | 422,729.00 |
| Cash and Cash Equivalents | 538,407.00 | 563,864.00 | 748,420.00 | 771,743.00 | 422,729.00 |
| Short-Term Investments | 164,539.00 | 175,298.00 | 60,057.00 | 62,447.00 | 0 |
| Net Receivables | 20,249.00 | 19,750.00 | 1,613.00 | 21,305.00 | 5,146.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 9,133.00 | 10,938.00 | 7,214.00 | 7,918.00 | 9,999.00 |
| Non-Current Assets | 54,099.00 | 45,262.00 | 1,109.00 | 1,207.00 | 1,317.00 |
| Property, Plant, Equipment Net | 569.00 | 620.00 | 607.00 | 673.00 | 724.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 53,091.00 | 44,172.00 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 439.00 | 470.00 | 0 | 0 | 0 |
| Liabilities | 58,357.00 | 36,615.00 | 41,050.00 | 107,120.00 | 60,329.00 |
| Current Liabilities | 58,272.00 | 36,512.00 | 40,913.00 | 106,918.00 | 41,255.00 |
| Payables and Expenses | 7,860.00 | 11,572.00 | 12,141.00 | 9,631.00 | 13,431.00 |
| Account Payables | 3,632.00 | 5,895.00 | 6,087.00 | 4,744.00 | 7,039.00 |
| Current Accrued Liabilities | 4,228.00 | 5,677.00 | 6,054.00 | 4,887.00 | 6,392.00 |
| Short-Term Debt | 181.00 | 225.00 | 252.00 | 246.00 | 240.00 |
| Other Current Liabilities | 50,231.00 | 24,715.00 | 28,520.00 | 97,041.00 | 27,584.00 |
| Non-Current Liabilities | 85.00 | 103.00 | 137.00 | 202.00 | 19,074.00 |
| Long-Term Debt | 85.00 | 103.00 | 137.00 | 202.00 | 266.00 |
| Other Non-Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 18,808.00 |
| Equity | 728,070.00 | 778,497.00 | 777,363.00 | 757,500.00 | 378,862.00 |
| Shareholders Equity | 728,070.00 | 778,497.00 | 777,363.00 | 757,500.00 | 378,862.00 |
| Capital Stock | 14,107.00 | 14,014.00 | 13,968.00 | 13,444.00 | 11,435.00 |
| Share Premium | 1,396,790.00 | 1,375,618.00 | 1,357,059.00 | 1,298,160.00 | 829,399.00 |
| Retained Earnings | -687,467.00 | -615,462.00 | -598,098.00 | -558,571.00 | -466,394.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 4,640.00 | 4,327.00 | 4,434.00 | 4,467.00 | 4,422.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 266.00 | 328.00 | 389.00 | 448.00 | 506.00 |
| Common Shares Outstanding | 113,172.68 | 112,509.91 | 112,169.29 | 108,064.34 | 92,165.60 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Revenues | 348.00 | 19,145.00 | 2,978.00 | 12,772.00 | 29,111.00 | 0 |
| Interest Income | 6,713.00 | 7,055.00 | 7,351.00 | 4,485.00 | 4,443.00 | 0 |
| Non-Interest Expense | 24,520.00 | 27,264.00 | 27,152.00 | 24,311.00 | 18,412.00 | 0 |
| Operating Expenses | 55,491.00 | 54,780.00 | 71,903.00 | 59,206.00 | 54,114.00 | 0 |
| Selling, General and Administrative Expenses | 24,520.00 | 27,264.00 | 27,152.00 | 24,311.00 | 18,412.00 | 0 |
| Research and Development Expenses | 30,971.00 | 27,516.00 | 44,751.00 | 34,895.00 | 35,702.00 | 0 |
| Operating Income | -55,143.00 | -35,635.00 | -68,925.00 | -46,434.00 | -25,003.00 | 0 |
| EBT | -72,005.00 | -17,364.00 | -39,527.00 | -92,177.00 | -16,648.00 | 0 |
| Income Tax | 0 | 0 | 0 | 0 | -1.00 | 0 |
| Net Income Including Non-Controlling Interests | -72,005.00 | -17,364.00 | -39,527.00 | -92,177.00 | -16,647.00 | 0 |
| Net Income | -72,005.00 | -17,364.00 | -39,527.00 | -92,177.00 | -16,647.00 | 0 |
| EBIT | -55,143.00 | -35,635.00 | -68,925.00 | -111,744.00 | -25,003.00 | 0 |
| Deprecation and Amortization | 64.00 | 45.00 | 52.00 | 51.00 | 28.00 | 0 |
| EBITDA | -55,079.00 | -35,590.00 | -68,873.00 | -111,693.00 | -24,975.00 | 0 |
| EPS | -0.00 | -0.00 | -0.00 | 0 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | 0 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 119,000.27 | 112,509.91 | 116,124.94 | 0 | 94,754.14 | 94,711.60 |
| Average Shares Outstanding Diluted | 119,000.27 | 112,509.91 | 116,124.94 | 0 | 94,754.14 | 94,711.60 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -32,769.00 | -37,671.00 | -36,468.00 | -37,481.00 | -12,502.00 |
| Operating Net Income | -72,005.00 | -17,364.00 | -39,527.00 | -92,177.00 | -16,647.00 |
| Deprecation and Amortization | 64.00 | 45.00 | 52.00 | 51.00 | 28.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 15,010.00 | 15,179.00 | 15,213.00 | 9,415.00 | 7,996.00 |
| Change in Working Capital | 983.00 | -23,843.00 | 10,351.00 | -7,980.00 | 28.00 |
| Other Operating Activities | 23,179.00 | -11,688.00 | -22,557.00 | 53,210.00 | -3,907.00 |
| Investing Cash Flow | 2,506.00 | -159,136.00 | 2,855.00 | -62,179.00 | -75.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -42.00 | -88.00 | -16.00 | -3.00 | -75.00 |
| Net Purchase/Sale of Investments Net | 2,548.00 | -159,048.00 | 2,871.00 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.00 | 0.00 | 0.00 | 0 | 0 |
| Financing Cash Flow | 5,892.00 | 3,425.00 | 6,519.00 | 456,611.00 | 58.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 455,026.00 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 5,892.00 | 3,425.00 | 6,519.00 | 1,585.00 | 58.00 |
| Net Change in Cash | -24,371.00 | -193,382.00 | -27,094.00 | 356,951.00 | -12,519.00 |
| Cash at Beginning of Period | 563,864.00 | 748,420.00 | 771,743.00 | 422,729.00 | 430,708.00 |
| Cash at End of Period | 539,715.00 | 563,864.00 | 748,420.00 | 771,743.00 | 422,729.00 |
| Free Cash Flow | -32,811.00 | -37,759.00 | -36,484.00 | -37,484.00 | -12,577.00 |