NMRA
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Price to Earnings | -6.93 | -4.70 |
| Price to Sales | ||
| Book Value Per Common Share | 1.78 | 2.95 |
| Price to Book | 5.97 | 5.77 |
| Price to Operating Cash Flow | -9.24 | -6.79 |
| 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 | -1.65 | -0.98 | -2.38 | -11.39 | -13.85 | -40.44 | -3.93 | ||
| Price to Sales | |||||||||
| Book Value Per Common Share | 0.82 | 1.13 | 1.41 | 1.78 | 2.02 | 2.41 | 2.69 | 2.95 | 14.47 |
| Price to Book | 2.23 | 0.65 | 0.71 | 5.97 | 6.54 | 4.09 | 5.12 | 5.77 | 0.98 |
| Price to Operating Cash Flow | -1.86 | -1.06 | -2.72 | -15.82 | -15.72 | -50.55 | -4.47 | ||
| 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 | 1.94 | 6.98 |
| Quick Ratio | 18.12 | |
| Current Ratio | 10.51 | 19.05 |
| Debt to Equity | 0.10 | 0.06 |
| Long-Term Debt to Equity | 0.00 | 0.00 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 1.06 | 1.35 | 1.55 | 1.91 | 2.16 | 2.35 | 2.68 | 2.86 | 43.71 |
| Quick Ratio | 16.14 | 17.21 | 18.12 | 53.20 | |||||
| Current Ratio | 6.85 | 10.54 | 8.98 | 10.51 | 10.98 | 17.22 | 17.99 | 19.05 | 18.05 |
| Debt to Equity | 0.35 | 0.22 | 0.12 | 0.10 | 0.10 | 0.06 | 0.06 | 0.06 | 0.06 |
| Long-Term Debt to Equity | 0.15 | 0.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 |
|---|---|---|
| ROA | -76.91 | -47.55 |
| ROE | -84.92 | -50.30 |
| 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 | -99.80 | -53.94 | -26.48 | -52.47 | -27.79 | -11.93 | -23.35 | ||
| ROE | -134.29 | -66.01 | -29.77 | -57.67 | -29.49 | -12.65 | -24.81 | ||
| 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 | 316,972.00 | 496,195.00 |
| Current Assets | 314,055.00 | 478,279.00 |
| Cash and Short-Term Investments | 308,791.00 | 453,982.00 |
| Cash and Cash Equivalents | 143,361.00 | 374,038.00 |
| Short-Term Investments | 165,430.00 | 79,944.00 |
| Net Receivables | 0 | 939.00 |
| Inventory | 0 | 0 |
| Other Current Assets | 5,264.00 | 23,358.00 |
| Non-Current Assets | 2,917.00 | 17,916.00 |
| Property, Plant, Equipment Net | 2,917.00 | 6,899.00 |
| Goodwill | 0 | 0 |
| Intangible Assets | 0 | 0 |
| Long-Term Investments | 0 | 9,845.00 |
| Non-Current Deferred Assets | 0 | 0 |
| Other Non-Current Assets | 0.00 | 1,172.00 |
| Liabilities | 29,908.00 | 27,119.00 |
| Current Liabilities | 29,886.00 | 25,111.00 |
| Payables and Expenses | 27,900.00 | 21,594.00 |
| Account Payables | 3,307.00 | 337.00 |
| Current Accrued Liabilities | 24,593.00 | 21,257.00 |
| Short-Term Debt | 1,853.00 | 3,378.00 |
| Other Current Liabilities | 133.00 | 139.00 |
| Non-Current Liabilities | 22.00 | 2,008.00 |
| Long-Term Debt | 0 | 1,853.00 |
| Other Non-Current Liabilities | 0 | 155.00 |
| Equity | 287,064.00 | 469,076.00 |
| Shareholders Equity | 287,064.00 | 469,076.00 |
| Capital Stock | 16.00 | 16.00 |
| Share Premium | 1,234,207.00 | 1,172,570.00 |
| Retained Earnings | -21.00 | -34.00 |
| Treasury Shares | 0 | 0 |
| Accumulated Other Comprehensive Income | 62.00 | -76.00 |
| Minority Interest | 0 | 0 |
| Investments | 165,430.00 | 89,789.00 |
| Debt | 1,853.00 | 5,231.00 |
| Common Shares Outstanding | 161,710.00 | 158,832.00 |
| Breakdown | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Operating Expenses | 263,464.00 | 252,098.00 |
| Selling, General and Administrative Expenses | 62,537.00 | 45,475.00 |
| Research and Development Expenses | 214,227.00 | 167,119.00 |
| Other Operating Expenses | -13,300.00 | 39,504.00 |
| Operating Income | -263,464.00 | -252,098.00 |
| Net Non-Operating Income | 19,855.00 | 16,441.00 |
| Interest Expense | 0.00 | 0.00 |
| Net Interest | 19,933.00 | 16,611.00 |
| EBT | -243,609.00 | -235,657.00 |
| Income Tax | 178.00 | 268.00 |
| Net Income | -243,787.00 | -235,925.00 |
| EBIT | -243,609.00 | -235,657.00 |
| Deprecation and Amortization | 631.00 | 668.00 |
| EBITDA | -242,978.00 | -234,989.00 |
| EPS | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 159,377.00 | 65,021.00 |
| Average Shares Outstanding Diluted | 159,377.00 | 65,021.00 |
| Breakdown | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Operating Cash Flow | -182,936.00 | -163,278.00 |
| Operating Net Income | -243,787.00 | -235,925.00 |
| Deprecation and Amortization | 631.00 | 668.00 |
| Deferred Income Tax | 0 | 0 |
| Share Based Compensation | 39,990.00 | 17,240.00 |
| Change in Working Capital | -9,174.00 | 13,903.00 |
| Other Operating Activities | 29,404.00 | 40,836.00 |
| Investing Cash Flow | -70,557.00 | 64,387.00 |
| Capital Expenditure | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 0 | 117.00 |
| Net Purchase/Sale of Investments Net | 312,223.00 | 287,238.00 |
| Net Purchase/Sale of Business | 0 | 0 |
| Other Investing Activities | -382,780.00 | -222,968.00 |
| Financing Cash Flow | 21,603.00 | 231,936.00 |
| Net Issuance/Repayment of Debt | 0 | 0 |
| Net Issuance/Repurchase of Equity | 7,909.00 | 236,231.00 |
| Dividends Paid | 0 | 0 |
| Other Financing Activities | 13,694.00 | -4,295.00 |
| Net Change in Cash | -231,890.00 | 133,045.00 |
| Cash at Beginning of Period | 375,251.00 | 242,206.00 |
| Cash at End of Period | 143,361.00 | 375,251.00 |
| 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 | 177,833.00 | 223,825.00 | 256,748.00 | 316,972.00 | 352,537.00 | 404,473.00 | 450,211.00 | 496,195.00 | 544,749.00 |
| Current Assets | 177,082.00 | 222,909.00 | 254,866.00 | 314,055.00 | 348,608.00 | 398,319.00 | 442,785.00 | 478,279.00 | 525,735.00 |
| Cash and Short-Term Investments | 171,525.00 | 217,588.00 | 250,566.00 | 308,791.00 | 342,520.00 | 371,639.00 | 422,715.00 | 453,982.00 | 1,548,565.00 |
| Cash and Cash Equivalents | 129,071.00 | 124,523.00 | 128,073.00 | 143,361.00 | 276,927.00 | 150,678.00 | 182,927.00 | 374,038.00 | 931,784.00 |
| Short-Term Investments | 42,454.00 | 93,065.00 | 122,493.00 | 165,430.00 | 65,593.00 | 220,961.00 | 239,788.00 | 79,944.00 | 616,781.00 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 1,631.00 | 906.00 | 939.00 | 668.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 5,557.00 | 5,321.00 | 4,300.00 | 5,264.00 | 6,088.00 | 25,049.00 | 19,164.00 | 23,358.00 | -1,023,498.00 |
| Non-Current Assets | 751.00 | 916.00 | 1,882.00 | 2,917.00 | 3,929.00 | 6,154.00 | 7,426.00 | 17,916.00 | 19,014.00 |
| Property, Plant, Equipment Net | 554.00 | 618.00 | 1,882.00 | 2,917.00 | 3,929.00 | 4,941.00 | 5,911.00 | 6,899.00 | 7,888.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 302.00 | 9,845.00 | 9,913.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 197.00 | 298.00 | 0.00 | 0.00 | 0.00 | 1,213.00 | 1,213.00 | 1,172.00 | 1,213.00 |
| Liabilities | 45,672.00 | 40,946.00 | 28,384.00 | 29,908.00 | 31,798.00 | 23,214.00 | 25,669.00 | 27,119.00 | 32,056.00 |
| Current Liabilities | 25,842.00 | 21,156.00 | 28,384.00 | 29,886.00 | 31,743.00 | 23,125.00 | 24,609.00 | 25,111.00 | 29,123.00 |
| Payables and Expenses | 25,531.00 | 20,897.00 | 27,324.00 | 27,900.00 | 28,865.00 | 19,385.00 | 20,985.00 | 21,594.00 | 25,576.00 |
| Account Payables | 549.00 | 644.00 | 1,052.00 | 3,307.00 | 6,107.00 | 1,082.00 | 1,492.00 | 337.00 | 2,229.00 |
| Current Accrued Liabilities | 24,982.00 | 20,253.00 | 26,272.00 | 24,593.00 | 22,758.00 | 18,303.00 | 19,493.00 | 21,257.00 | 23,347.00 |
| Short-Term Debt | 256.00 | 171.00 | 938.00 | 1,853.00 | 2,745.00 | 3,607.00 | 3,491.00 | 3,378.00 | 3,398.00 |
| Other Current Liabilities | 55.00 | 88.00 | 122.00 | 133.00 | 133.00 | 133.00 | 133.00 | 139.00 | 149.00 |
| Non-Current Liabilities | 19,830.00 | 19,790.00 | 0.00 | 22.00 | 55.00 | 89.00 | 1,060.00 | 2,008.00 | 2,933.00 |
| Long-Term Debt | 19,830.00 | 19,790.00 | 0 | 0 | 0 | 0 | 938.00 | 1,853.00 | 2,745.00 |
| Other Non-Current Liabilities | 0.00 | 0.00 | 0 | 0 | 0 | 0 | 122.00 | 155.00 | 188.00 |
| Equity | 132,161.00 | 182,879.00 | 228,364.00 | 287,064.00 | 320,739.00 | 381,259.00 | 424,542.00 | 469,076.00 | 512,693.00 |
| Shareholders Equity | 132,161.00 | 182,879.00 | 228,364.00 | 287,064.00 | 320,739.00 | 381,259.00 | 424,542.00 | 469,076.00 | 512,693.00 |
| Capital Stock | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 15.00 |
| Share Premium | 1,256,835.00 | 1,250,822.00 | 1,243,564.00 | 1,234,207.00 | 1,209,020.00 | 1,197,285.00 | 1,181,829.00 | 1,172,570.00 | 1,107,693.00 |
| Retained Earnings | 1.00 | -44.00 | -13.00 | -21.00 | -2.00 | 45.00 | 45.00 | -34.00 | -4.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 9.00 | -15.00 | -3.00 | 62.00 | 105.00 | -187.00 | -148.00 | -76.00 | -311.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 42,454.00 | 93,065.00 | 122,493.00 | 165,430.00 | 65,593.00 | 220,961.00 | 240,090.00 | 89,789.00 | 626,694.00 |
| Debt | 20,086.00 | 19,961.00 | 938.00 | 1,853.00 | 2,745.00 | 3,607.00 | 4,429.00 | 5,231.00 | 6,143.00 |
| Common Shares Outstanding | 0 | 0 | 0 | 161,710.00 | 0 | 0 | 0 | 158,832.00 | 0 |
| 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 | 182,676.00 | 124,976.00 | 70,936.00 | -121,048.00 | 200,542.00 | 123,896.00 | 60,074.00 | 138,094.00 |
| Selling, General and Administrative Expenses | 46,281.00 | 34,101.00 | 18,785.00 | -26,818.00 | 45,527.00 | 29,511.00 | 14,317.00 | 34,239.00 |
| Research and Development Expenses | 139,195.00 | 98,375.00 | 58,651.00 | -94,230.00 | 168,115.00 | 94,585.00 | 45,757.00 | 128,255.00 |
| Other Operating Expenses | -2,800.00 | -7,500.00 | -6,500.00 | 0.00 | -13,100.00 | -200.00 | 0.00 | -24,400.00 |
| Operating Income | -182,676.00 | -124,976.00 | -70,936.00 | 121,048.00 | -200,542.00 | -123,896.00 | -60,074.00 | -138,094.00 |
| Net Non-Operating Income | 5,328.00 | 4,383.00 | 3,049.00 | -13,850.00 | 15,752.00 | 11,600.00 | 6,353.00 | 10,899.00 |
| Interest Income | 8,192.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1,183.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Interest | 7,009.00 | 4,888.00 | 3,074.00 | -13,913.00 | 15,845.00 | 11,636.00 | 6,365.00 | 0 |
| EBT | -177,348.00 | -120,593.00 | -67,887.00 | 107,198.00 | -184,790.00 | -112,296.00 | -53,721.00 | -127,195.00 |
| Income Tax | 130.00 | 130.00 | 105.00 | -125.00 | 178.00 | 125.00 | 0.00 | 0.00 |
| Net Income | -177,478.00 | -120,723.00 | -67,992.00 | 107,323.00 | -184,968.00 | -112,421.00 | -53,721.00 | -127,195.00 |
| EBIT | -176,165.00 | -120,593.00 | -67,887.00 | 107,198.00 | -184,790.00 | -112,296.00 | -53,721.00 | -127,195.00 |
| Deprecation and Amortization | 199.00 | 176.00 | 157.00 | -319.00 | 474.00 | 318.00 | 158.00 | 502.00 |
| EBITDA | -175,966.00 | -120,417.00 | -67,730.00 | 106,879.00 | -184,316.00 | -111,978.00 | -53,563.00 | -126,693.00 |
| EPS | -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 |
| Average Shares Outstanding Basic | 161,663.00 | 161,572.00 | 161,451.00 | 162,264.00 | 158,837.00 | 158,464.00 | 157,943.00 | 35,428.00 |
| Average Shares Outstanding Diluted | 161,663.00 | 161,572.00 | 161,451.00 | 162,264.00 | 158,837.00 | 158,464.00 | 157,943.00 | 35,428.00 |
| 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 | -158,485.00 | -111,852.00 | -59,448.00 | 91,728.00 | -132,596.00 | -99,113.00 | -42,955.00 | -111,836.00 |
| Operating Net Income | -177,478.00 | -120,723.00 | -67,992.00 | 107,323.00 | -184,968.00 | -112,421.00 | -53,721.00 | -127,195.00 |
| Deprecation and Amortization | 199.00 | 176.00 | 157.00 | -319.00 | 474.00 | 318.00 | 158.00 | 502.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 22,469.00 | 16,489.00 | 9,324.00 | -17,611.00 | 30,087.00 | 20,141.00 | 7,373.00 | 11,189.00 |
| Change in Working Capital | -5,110.00 | -10,243.00 | -2,457.00 | 9,225.00 | -6,620.00 | -668.00 | -11,111.00 | 10,761.00 |
| Other Operating Activities | 1,435.00 | 2,449.00 | 1,520.00 | -6,890.00 | 28,431.00 | -6,483.00 | 14,346.00 | -7,093.00 |
| Investing Cash Flow | 125,874.00 | 74,557.00 | 44,160.00 | 179,948.00 | 28,242.00 | -128,746.00 | -150,001.00 | 50,710.00 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 187.00 | 84.00 | 0 | 0 | 0 | 0 | 0 | 73.00 |
| Net Purchase/Sale of Investments Net | 82,868.00 | 82,868.00 | 44,385.00 | -320,823.00 | 205,324.00 | 205,340.00 | 222,382.00 | 228,783.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 42,819.00 | -8,395.00 | -225.00 | 500,771.00 | -177,082.00 | -334,086.00 | -372,383.00 | -178,146.00 |
| Financing Cash Flow | 18,321.00 | 18,457.00 | 0 | 9,229.00 | 6,030.00 | 4,499.00 | 1,845.00 | 232,417.00 |
| Net Issuance/Repayment of Debt | 18,262.00 | 18,398.00 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 59.00 | 59.00 | 0 | -4,690.00 | 6,255.00 | 4,499.00 | 1,845.00 | 235,892.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0.00 | 0.00 | 0 | 13,919.00 | -225.00 | 0.00 | 0.00 | -3,475.00 |
| Net Change in Cash | -14,290.00 | -18,838.00 | -15,288.00 | 280,905.00 | -98,324.00 | -223,360.00 | -191,111.00 | 171,291.00 |
| Cash at Beginning of Period | 143,361.00 | 143,361.00 | 143,361.00 | -137,544.00 | 375,251.00 | 375,251.00 | 375,251.00 | 242,206.00 |
| Cash at End of Period | 129,071.00 | 124,523.00 | 128,073.00 | 143,361.00 | 276,927.00 | 151,891.00 | 184,140.00 | 413,497.00 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |