Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -7.91 -5.90 -3.67 -11.36
Price to Sales 37.44 36.25 44.95 538.52
Book Value Per Common Share 2.97 3.38 3.93 5.64
Price to Book 2.43 1.88 1.88 2.58
Price to Operating Cash Flow -11.54 -8.02 -8.89 -18.42
Price to Free Cash Flow -10.73 -7.47 -7.62 -11.45
Enterprise Value to EBITDA
Breakdown 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Price to Earnings -22.48 -23.79 -31.30 -26.43 -31.91
Price to Sales 108.61 113.52 144.29 117.60 157.85
Book Value Per Common Share 2.56 2.78 2.97 2.80 2.99
Price to Book 2.02 1.80 2.43 2.17 2.45
Price to Operating Cash Flow -35.48 -30.93 -41.12 -43.87 -50.14
Price to Free Cash Flow -31.89 -29.43 -37.42 -40.21 -45.53
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 13.91 15.47 557.82
EBITDA YoY
Net Profit YoY
Breakdown 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Earning YoY
Revenue YoY 7.99 -6.17 -1.02 12.30
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 1.25 1.46 1.49 1.84
Quick Ratio 5.37 5.40 3.13 1.70
Current Ratio 5.63 5.71 3.29 1.80
Debt to Equity 0.11 0.12 0.17 0.24
Long-Term Debt to Equity 0.04 0.04 0.06 0.06
Breakdown 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Cash Per Common Share 0.81 0.98 1.22 0.97 1.10
Quick Ratio 3.93 5.00 5.37 4.47 4.84
Current Ratio 4.19 5.30 5.63 4.64 5.16
Debt to Equity 0.13 0.11 0.11 0.12 0.12
Long-Term Debt to Equity 0.04 0.04 0.04 0.04 0.04

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -25.48 -27.80 -44.60 -17.02
ROE -28.30 -31.09 -52.26 -21.15
Gross Margin -94.03 -66.55 -80.21 -115.95
Operating Margin -502.93 -602.29 -1016.65 -4720.71
EBITDA Margin -398.95 -483.06 -882.44 -4544.94
Net Profit Margin -474.31 -613.59 -1320.16 -4739.11
Breakdown 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
ROA -7.99 -6.73 -6.70 -7.41 -6.94
ROE -9.00 -7.47 -7.44 -8.32 -7.75
Gross Margin -106.58 -108.31 -96.33 -92.77 -105.71
Operating Margin -476.68 -500.53 -499.17 -466.48 -537.50
EBITDA Margin -379.67 -395.99 -401.33 -369.78 -429.01
Net Profit Margin -484.28 -470.30 -468.70 -449.98 -502.96

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 210,002.00 218,648.00 253,933.00 363,170.00
   Current Assets 78,680.00 88,635.00 82,461.00 94,857.00
      Cash and Short-Term Investments 73,206.00 82,383.00 77,624.00 88,711.00
            Cash and Cash Equivalents 39,304.00 56,377.00 38,463.00 66,645.00
            Short-Term Investments 33,902.00 26,006.00 39,161.00 22,066.00
      Net Receivables 1,805.00 1,484.00 977.00 1,051.00
      Inventory 1,493.00 2,356.00 0 0
      Other Current Assets 2,176.00 2,412.00 3,860.00 0
   Non-Current Assets 131,322.00 130,013.00 171,472.00 268,313.00
      Property, Plant, Equipment Net 49,198.00 46,916.00 44,702.00 39,160.00
      Goodwill 0 0 7,420.00 58,298.00
      Intangible Assets 69,995.00 80,607.00 91,219.00 101,836.00
      Long-Term Investments 0 0 25,198.00 67,845.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 0 0 0 0
Liabilities 20,883.00 23,134.00 37,253.00 71,022.00
   Current Liabilities 13,972.00 15,524.00 25,074.00 52,751.00
      Payables and Expenses 6,177.00 7,223.00 15,859.00 6,745.00
            Account Payables 2,209.00 3,303.00 3,619.00 3,134.00
            Current Accrued Liabilities 3,968.00 3,920.00 12,240.00 3,611.00
      Short-Term Debt 3,806.00 4,351.00 740.00 1,026.00
      Other Current Liabilities 3,989.00 3,950.00 8,475.00 44,980.00
   Non-Current Liabilities 6,911.00 7,610.00 12,179.00 18,271.00
      Long-Term Debt 3,640.00 4,045.00 3,879.00 4,746.00
      Other Non-Current Liabilities 3,271.00 3,565.00 8,300.00 13,525.00
Equity 189,119.00 195,514.00 216,680.00 292,148.00
   Shareholders Equity 189,119.00 195,514.00 216,680.00 292,148.00
      Capital Stock 181.00 165.00 158.00 149.00
      Share Premium 562,688.00 515,887.00 477,953.00 438,820.00
      Retained Earnings -373,749.00 -320,233.00 -259,457.00 -146,214.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -1.00 -305.00 -1,974.00 -607.00
   Minority Interest 0 0 0 0
Debt 7,446.00 8,396.00 4,619.00 5,772.00
Common Shares Outstanding 63,762.00 57,778.63 55,094.24 51,791.44
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 11,283.00 9,905.00 8,578.00 1,304.00
Cost Of Revenue 21,892.00 16,497.00 15,458.00 2,816.00
Interest Income 2,870.00 1,652.00 789.00 0
Non-Interest Expense 25,749.00 28,394.00 45,630.00 41,742.00
Gross Profit -10,609.00 -6,592.00 -6,880.00 -1,512.00
Operating Expenses 46,137.00 53,065.00 80,328.00 60,046.00
   Selling, General and Administrative Expenses 25,749.00 28,394.00 45,630.00 41,742.00
   Research and Development Expenses 20,182.00 26,049.00 26,507.00 17,122.00
   Other Operating Expenses 90.00 -1,424.00 8,191.00 1,182.00
Operating Income -56,746.00 -59,657.00 -87,208.00 -61,558.00
EBT -53,874.00 -61,115.00 -116,921.00 -61,846.00
Income Tax -358.00 -339.00 -3,678.00 -48.00
Net Income Including Non-Controlling Interests -53,516.00 -60,776.00 -113,243.00 -61,798.00
Net Income -53,516.00 -60,776.00 -113,243.00 -61,798.00
EBIT -56,746.00 -59,657.00 -87,208.00 -61,558.00
Deprecation and Amortization 11,733.00 11,810.00 11,512.00 2,292.00
EBITDA -45,013.00 -47,847.00 -75,696.00 -59,266.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 58,673.00 56,368.00 52,235.00 48,216.00
Average Shares Outstanding Diluted 58,673.00 56,368.00 52,235.00 48,216.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -36,598.00 -44,777.00 -43,385.00 -38,061.00
   Operating Net Income -53,516.00 -60,776.00 -113,243.00 -61,798.00
   Deprecation and Amortization 11,733.00 11,810.00 11,512.00 2,292.00
   Deferred Income Tax -377.00 -377.00 -3,733.00 -116.00
   Share Based Compensation 7,261.00 6,838.00 18,623.00 18,806.00
   Change in Working Capital -1,127.00 -7,483.00 11,431.00 2,747.00
   Other Operating Activities -572.00 5,211.00 32,025.00 8.00
Investing Cash Flow -20,051.00 35,433.00 14,606.00 -116,320.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -2,767.00 -3,303.00 -7,171.00 -23,158.00
   Net Purchase/Sale of Investments Net -17,330.00 39,109.00 21,777.00 -90,303.00
   Net Purchase/Sale of Business 0 0 0 -2,859.00
   Other Investing Activities 0 -373.00 0.00 0.00
Financing Cash Flow 39,504.00 27,252.00 804.00 7,379.00
   Net Issuance/Repayment of Debt 0 0 0 3,796.00
   Net Issuance/Repurchase of Equity 37,834.00 27,139.00 0 0
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 113.00 804.00 3,583.00
Net Change in Cash -17,145.00 17,908.00 -27,975.00 -147,002.00
   Cash at Beginning of Period 56,377.00 38,529.00 66,772.00 213,784.00
   Cash at End of Period 39,304.00 56,377.00 38,529.00 66,772.00
Free Cash Flow -39,365.00 -48,080.00 -50,556.00 -61,219.00
Breakdown 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Assets 184,232.00 196,738.00 210,002.00 183,941.00 195,721.00
   Current Assets 57,480.00 67,971.00 78,680.00 60,440.00 69,626.00
      Cash and Short-Term Investments 51,949.00 62,459.00 73,206.00 56,710.00 63,866.00
            Cash and Cash Equivalents 49,904.00 40,373.00 39,304.00 38,193.00 38,982.00
            Short-Term Investments 2,045.00 22,086.00 33,902.00 18,517.00 24,884.00
      Net Receivables 1,880.00 1,722.00 1,805.00 1,492.00 1,508.00
      Inventory 2,251.00 1,748.00 1,493.00 1,032.00 957.00
      Other Current Assets 1,400.00 2,042.00 2,176.00 1,206.00 3,295.00
   Non-Current Assets 126,752.00 128,767.00 131,322.00 123,501.00 126,095.00
      Property, Plant, Equipment Net 49,833.00 49,169.00 49,198.00 48,618.00 48,566.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 69,995.00 72,648.00 75,301.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 12,129.00 2,235.00 2,228.00
Liabilities 20,674.00 19,573.00 20,883.00 20,054.00 20,586.00
   Current Liabilities 13,712.00 12,831.00 13,972.00 13,028.00 13,498.00
      Payables and Expenses 5,263.00 4,916.00 6,177.00 4,631.00 5,208.00
            Account Payables 2,286.00 1,941.00 2,209.00 1,331.00 1,570.00
            Current Accrued Liabilities 2,977.00 2,975.00 3,968.00 3,300.00 3,638.00
      Short-Term Debt 4,225.00 3,880.00 3,806.00 4,147.00 4,037.00
      Other Current Liabilities 4,224.00 4,035.00 3,989.00 4,250.00 4,253.00
   Non-Current Liabilities 6,962.00 6,742.00 6,911.00 7,026.00 7,088.00
      Long-Term Debt 3,729.00 3,516.00 3,640.00 3,661.00 3,681.00
      Other Non-Current Liabilities 3,233.00 3,226.00 3,271.00 3,365.00 3,407.00
Equity 163,558.00 177,165.00 189,119.00 163,887.00 175,135.00
   Shareholders Equity 163,558.00 177,165.00 189,119.00 163,887.00 175,135.00
      Capital Stock 181.00 181.00 181.00 167.00 167.00
      Share Premium 565,086.00 563,975.00 562,688.00 523,396.00 521,069.00
      Retained Earnings -401,710.00 -386,988.00 -373,749.00 -359,688.00 -346,049.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 1.00 -3.00 -1.00 12.00 -52.00
   Minority Interest 0 0 0 0 0
Debt 7,954.00 7,396.00 7,446.00 7,808.00 7,718.00
Common Shares Outstanding 63,939.62 63,819.17 63,762.00 58,521.93 58,497.12
Breakdown 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenues 3,040.00 2,815.00 3,000.00 3,031.00 2,699.00
Cost Of Revenue 6,280.00 5,864.00 5,890.00 5,843.00 5,552.00
Interest Income 0 765.00 820.00 404.00 856.00
Interest Expense 149.00 0 0 0 0
Non-Interest Expense 6,366.00 6,077.00 6,559.00 6,598.00 6,750.00
Gross Profit -3,240.00 -3,049.00 -2,890.00 -2,812.00 -2,853.00
Operating Expenses 11,251.00 11,041.00 12,085.00 11,327.00 11,654.00
   Selling, General and Administrative Expenses 6,366.00 6,077.00 6,559.00 6,598.00 6,750.00
   Research and Development Expenses 4,834.00 4,978.00 5,401.00 4,749.00 4,812.00
   Other Operating Expenses 51.00 -14.00 9.00 -20.00 92.00
Operating Income -14,491.00 -14,090.00 -14,975.00 -14,139.00 -14,507.00
EBT -14,640.00 -13,325.00 -14,155.00 -13,733.00 -13,651.00
Income Tax 82.00 -86.00 -94.00 -94.00 -76.00
Net Income Including Non-Controlling Interests -14,722.00 -13,239.00 -14,061.00 -13,639.00 -13,575.00
Net Income -14,722.00 -13,239.00 -14,061.00 -13,639.00 -13,575.00
EBIT -14,491.00 -14,090.00 -14,975.00 -14,139.00 -14,507.00
Deprecation and Amortization 2,949.00 2,943.00 2,935.00 2,931.00 2,928.00
EBITDA -11,542.00 -11,147.00 -12,040.00 -11,208.00 -11,579.00
EPS -0.00 -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 63,910.00 63,946.00 60,139.00 58,624.00 58,005.00
Average Shares Outstanding Diluted 63,910.00 63,946.00 60,139.00 58,624.00 58,005.00
Breakdown 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Operating Cash Flow -9,311.00 -10,327.00 -10,532.00 -8,128.00 -8,493.00
   Operating Net Income -14,722.00 -13,239.00 -14,061.00 -13,639.00 -13,575.00
   Deprecation and Amortization 2,949.00 2,943.00 2,935.00 2,931.00 2,928.00
   Deferred Income Tax -94.00 -94.00 -94.00 -95.00 -94.00
   Share Based Compensation 1,111.00 1,166.00 1,416.00 2,267.00 2,101.00
   Change in Working Capital 1,008.00 -1,130.00 -263.00 315.00 271.00
   Other Operating Activities 437.00 27.00 -465.00 93.00 -124.00
Investing Cash Flow 18,949.00 11,267.00 -26,242.00 5,736.00 2,519.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -1,052.00 -527.00 -1,037.00 -734.00 -855.00
   Net Purchase/Sale of Investments Net 20,001.00 11,794.00 -25,251.00 6,470.00 3,374.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0.00 0.00 46.00 0.00 0.00
Financing Cash Flow 0 121.00 37,838.00 1,621.00 21.00
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 37,834.00 0 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0 0 4.00 0 0
Net Change in Cash 9,638.00 1,061.00 1,064.00 -771.00 -5,953.00
   Cash at Beginning of Period 40,373.00 39,304.00 38,193.00 38,982.00 44,921.00
   Cash at End of Period 49,904.00 40,373.00 39,304.00 38,193.00 38,982.00
Free Cash Flow -10,363.00 -10,854.00 -11,569.00 -8,862.00 -9,348.00