Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -3.46 -3.43 -0.37
Price to Sales 15.73 10.99 1.31 5.57 91.15
Book Value Per Common Share 1.36 1.81 2.09 4.04 0.25
Price to Book 1.94 1.55 0.41 0.75 20.71
Price to Operating Cash Flow -5.04 -4.16 -0.44 -1.90 -27.75
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 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Price to Earnings -3.77 -4.73 -12.23 -4.62 -5.80 -11.29 -4.74 -3.92 -2.13 -0.85 -1.71 -5.62
Price to Sales 24.08 34.66 87.91 20.87 26.92 53.74 15.56 12.71 7.38 2.79 5.75 21.11 10.40 19.55 78.72
Book Value Per Common Share 1.53 0.62 0.95 1.36 1.61 1.86 1.50 1.81 2.02 2.21 1.61 2.09 2.62 3.09 3.57 4.04 4.69 5.16 5.60 0.25
Price to Book 1.58 3.65 2.82 1.94 1.67 1.34 1.58 1.55 1.62 1.14 0.70 0.41 0.56 0.65 0.90 0.75 0.87 0.98 1.80 20.71
Price to Operating Cash Flow -5.45 -6.69 -15.29 -6.99 -9.29 -16.03 -5.67 -4.50 -1.89 -0.94 -2.16 -6.02 -3.14 -6.48 -21.75
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY 12.96 20.00 15.04 62.63
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 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Earning YoY
Revenue YoY 76.29 116.29 55.69 115.09 53.88 133.09 52.73 129.42 52.40 103.18
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.83 1.61 0.59 1.45 0.26
Quick Ratio 4.80 6.89 1.16 3.08 3.58
Current Ratio 5.28 7.34 4.21 8.53 4.14
Debt to Equity 0.30 0.21 0.42 0.18 0.46
Long-Term Debt to Equity 0.08 0.05 0.13 0.05 0.16
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 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Cash Per Common Share 1.09 0.38 0.52 1.30 1.03 1.35 0.99 1.79 2.03 2.76 0.52 0.56 0.50 0.82 1.00 1.45 1.65 5.23 5.61 0.26
Quick Ratio 6.09 2.37 3.86 4.80 5.87 7.02 7.30 6.89 9.47 8.73 1.36 1.16 1.34 1.64 2.44 3.08 3.81 11.56 15.65 3.58
Current Ratio 6.51 2.81 4.36 5.28 6.39 7.44 7.90 7.34 9.96 10.46 3.81 4.21 6.23 6.26 8.84 8.53 10.78 11.94 16.14 4.14
Debt to Equity 0.22 0.65 0.36 0.30 0.22 0.19 0.20 0.21 0.16 0.15 0.48 0.42 0.28 0.27 0.18 0.18 0.15 0.14 0.11 0.46
Long-Term Debt to Equity 0.06 0.20 0.10 0.08 0.05 0.04 0.06 0.05 0.05 0.04 0.16 0.13 0.10 0.09 0.06 0.05 0.05 0.05 0.04 0.16

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -68.38 -41.80 -75.01 -37.57 -59.31
ROE -88.69 -50.42 -106.31 -44.49 -86.69
Gross Margin 21.49 29.12 21.60 16.77 3.00
Operating Margin -911.57 -639.84 -714.10 -661.76 -762.66
EBITDA Margin -907.58 -636.10 -710.46 -658.18 -757.20
Net Profit Margin -456.63 -320.97 -357.59 -331.88 -381.48
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 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
ROA -47.18 -72.93 -28.87 -45.23 -26.84 -16.73 -29.01 -17.40 -21.36 -48.63 -27.82 -12.74 -25.40 -14.56 -6.67
ROE -57.75 -120.13 -39.39 -55.21 -31.95 -20.04 -33.55 -19.94 -31.70 -62.40 -35.42 -15.09 -29.20 -16.53 -7.38
Gross Margin 25.20 18.29 19.10 20.49 19.17 19.33 29.30 29.92 30.10 22.17 20.38 10.31 14.77 18.00 10.54
Operating Margin -635.08 -735.32 -730.28 -451.21 -459.72 -465.39 -326.53 -323.16 -343.50 -329.22 -335.92 -378.78 -347.38 -330.23 -322.37
EBITDA Margin -629.37 -729.12 -723.87 -447.15 -455.57 -460.82 -322.68 -319.25 -339.06 -325.98 -332.83 -375.32 -343.50 -326.13 -317.30
Net Profit Margin -635.08 -735.32 -730.28 -451.21 -459.72 -465.39 -326.53 -323.16 -343.50 -329.22 -335.92 -378.78 -347.38 -330.23 -322.37

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
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 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 46,807.00 47,643.00 24,653.00 39,712.00 17,777.00
   Current Assets 40,521.00 44,159.00 21,326.00 37,094.00 15,339.00
      Cash and Short-Term Investments 34,637.00 39,023.00 4,632.00 12,004.00 12,645.00
            Cash and Cash Equivalents 18,916.00 9,640.00 4,632.00 12,004.00 12,645.00
            Short-Term Investments 15,721.00 29,383.00 0 0 0
      Net Receivables 2,254.00 2,452.00 1,247.00 1,389.00 622.00
      Inventory 2,570.00 2,106.00 1,621.00 1,143.00 1,415.00
      Other Current Assets 1,060.00 578.00 13,826.00 22,558.00 657.00
   Non-Current Assets 6,286.00 3,484.00 3,327.00 2,618.00 2,438.00
      Property, Plant, Equipment Net 4,731.00 2,533.00 2,471.00 1,713.00 1,713.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 1,555.00 951.00 856.00 905.00 725.00
Liabilities 10,721.00 8,142.00 7,260.00 6,180.00 5,614.00
   Current Liabilities 7,678.00 6,020.00 5,070.00 4,347.00 3,705.00
      Payables and Expenses 11,092.00 8,208.00 6,923.00 5,857.00 4,941.00
            Account Payables 7,678.00 6,020.00 5,070.00 4,347.00 3,705.00
            Current Accrued Liabilities 3,414.00 2,188.00 1,853.00 1,510.00 1,236.00
      Short-Term Debt 542.00 557.00 419.00 0 0
      Other Current Liabilities -3,956.00 -2,745.00 -2,272.00 -1,510.00 -1,236.00
   Non-Current Liabilities 3,043.00 2,122.00 2,190.00 1,833.00 1,909.00
      Long-Term Debt 1,796.00 1,038.00 1,195.00 781.00 999.00
      Other Non-Current Liabilities 1,247.00 1,084.00 995.00 1,052.00 910.00
Equity 36,086.00 39,501.00 17,393.00 33,532.00 12,163.00
   Shareholders Equity 36,086.00 39,501.00 17,393.00 33,532.00 12,163.00
      Capital Stock 11,000.00 13.00 1.00 1.00 5.00
      Share Premium 289,589.00 261,000.00 218,977.00 216,625.00 180,334.00
      Retained Earnings -253,506.00 -221,501.00 -201,585.00 -183,094.00 -168,176.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 0
Investments 15,721.00 29,383.00 0 0 0
Debt 1,796.00 1,038.00 1,195.00 781.00 999.00
Common Shares Outstanding 26,611.03 21,841.22 8,330.92 8,296.26 49,264.83
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 7,009.00 6,205.00 5,171.00 4,495.00 2,764.00
Cost Of Revenue 5,503.00 4,398.00 4,054.00 3,741.00 2,681.00
Gross Profit 1,506.00 1,807.00 1,117.00 754.00 83.00
Operating Expenses 35,009.00 22,950.00 19,830.00 15,470.00 10,463.00
   Selling, General and Administrative Expenses 21,375.00 14,969.00 12,020.00 10,312.00 8,230.00
   Research and Development Expenses 13,634.00 7,981.00 7,810.00 5,158.00 2,233.00
   Other Operating Expenses 0.00 0.00 0.00 0.00 0.00
Operating Income -33,503.00 -21,143.00 -18,713.00 -14,716.00 -10,380.00
Net Non-Operating Income -30,389.00 -18,559.00 -18,213.00 -15,030.00 -10,700.00
Interest Expense 0.00 0.00 0.00 0.00 0.00
EBT -63,892.00 -39,702.00 -36,926.00 -29,746.00 -21,080.00
Income Tax 59.00 65.00 28.00 45.00 4.00
Net Income -32,005.00 -19,916.00 -18,491.00 -14,918.00 -10,544.00
EBIT -63,892.00 -39,702.00 -36,926.00 -29,746.00 -21,080.00
Deprecation and Amortization 280.00 232.00 188.00 161.00 151.00
EBITDA -63,612.00 -39,470.00 -36,738.00 -29,585.00 -20,929.00
EPS -0.00 -0.00 -0.00 0 0
Diluted EPS -0.00 -0.00 0 0 0
Average Shares Outstanding Basic 41,928.36 24,268.18 7,871.81 0 0
Average Shares Outstanding Diluted 41,928.36 24,268.18 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -21,868.00 -16,376.00 -15,542.00 -13,210.00 -9,081.00
   Operating Net Income -32,005.00 -19,916.00 -18,491.00 -14,918.00 -10,544.00
   Deprecation and Amortization 280.00 232.00 188.00 161.00 151.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 20,020.00 4,490.00 2,352.00 1,576.00 606.00
   Change in Working Capital 2,232.00 2,425.00 1,053.00 1,340.00 -335.00
   Other Operating Activities -12,395.00 -3,607.00 -644.00 -1,369.00 1,041.00
Investing Cash Flow 12,641.00 -16,092.00 8,441.00 -22,457.00 -187.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 1,402.00 393.00 473.00 344.00 110.00
   Net Purchase/Sale of Investments Net 14,444.00 58,644.00 47,000.00 26,000.00 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -3,205.00 -75,129.00 -39,032.00 -48,801.00 -297.00
Financing Cash Flow 18,452.00 37,534.00 -140.00 35,034.00 16,395.00
   Net Issuance/Repayment of Debt 0 0 0 0 400.00
   Net Issuance/Repurchase of Equity 16,854.00 37,534.00 0 35,034.00 17,795.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 1,598.00 0.00 -140.00 0.00 -1,800.00
Net Change in Cash 9,276.00 5,008.00 -7,372.00 -641.00 7,131.00
   Cash at Beginning of Period 9,640.00 4,632.00 12,004.00 12,645.00 5,514.00
   Cash at End of Period 18,916.00 9,640.00 4,632.00 12,004.00 12,645.00
Free Cash Flow 0 0 0 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 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Assets 78,472.00 33,342.00 38,672.00 46,807.00 50,481.00 55,659.00 42,028.00 47,643.00 50,020.00 53,638.00 19,921.00 24,653.00 28,061.00 32,766.00 35,171.00 39,712.00 42,606.00 46,375.00 48,635.00 17,777.00
   Current Assets 70,391.00 25,463.00 32,144.00 40,521.00 46,394.00 51,843.00 38,511.00 44,159.00 46,728.00 50,520.00 16,703.00 21,326.00 24,692.00 29,500.00 32,632.00 37,094.00 40,091.00 43,922.00 46,250.00 15,339.00
      Cash and Short-Term Investments 63,403.00 19,374.00 26,086.00 34,637.00 40,402.00 47,163.00 33,950.00 39,023.00 42,998.00 40,362.00 4,228.00 4,632.00 3,934.00 6,393.00 7,798.00 12,004.00 13,059.00 41,419.00 44,034.00 12,645.00
            Cash and Cash Equivalents 63,403.00 11,509.00 12,383.00 18,916.00 15,818.00 28,385.00 9,389.00 9,640.00 13,839.00 11,545.00 4,228.00 4,632.00 3,934.00 6,393.00 7,798.00 12,004.00 13,059.00 41,419.00 44,034.00 12,645.00
            Short-Term Investments 0 7,865.00 13,703.00 15,721.00 24,584.00 18,778.00 24,561.00 29,383.00 29,159.00 28,817.00 0 0 0 0 0 0 0 0 0 0
      Net Receivables 2,436.00 2,088.00 2,343.00 2,254.00 2,271.00 1,757.00 1,670.00 2,452.00 1,408.00 1,782.00 1,727.00 1,247.00 1,373.00 1,354.00 1,204.00 1,389.00 1,112.00 1,098.00 825.00 622.00
      Inventory 3,607.00 3,054.00 2,822.00 2,570.00 2,445.00 2,206.00 2,360.00 2,106.00 1,846.00 1,689.00 1,697.00 1,621.00 1,414.00 1,454.00 1,286.00 1,143.00 1,135.00 1,342.00 1,184.00 1,415.00
      Other Current Assets 945.00 947.00 893.00 1,060.00 1,276.00 717.00 531.00 578.00 476.00 6,687.00 9,051.00 13,826.00 17,971.00 20,299.00 22,344.00 22,558.00 24,785.00 63.00 207.00 657.00
   Non-Current Assets 8,081.00 7,879.00 6,528.00 6,286.00 4,087.00 3,816.00 3,517.00 3,484.00 3,292.00 3,118.00 3,218.00 3,327.00 3,369.00 3,266.00 2,539.00 2,618.00 2,515.00 2,453.00 2,385.00 2,438.00
      Property, Plant, Equipment Net 6,318.00 6,170.00 4,961.00 4,731.00 3,091.00 2,852.00 2,552.00 2,533.00 2,445.00 2,261.00 2,359.00 2,471.00 2,511.00 2,417.00 1,624.00 1,713.00 1,729.00 1,694.00 1,662.00 1,713.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 1,763.00 1,709.00 1,567.00 1,555.00 996.00 964.00 965.00 951.00 847.00 857.00 859.00 856.00 858.00 849.00 915.00 905.00 786.00 759.00 723.00 725.00
Liabilities 14,358.00 13,099.00 10,327.00 10,721.00 9,130.00 8,896.00 6,941.00 8,142.00 6,763.00 6,825.00 6,495.00 7,260.00 6,191.00 7,024.00 5,467.00 6,180.00 5,543.00 5,545.00 4,681.00 5,614.00
   Current Liabilities 10,816.00 9,068.00 7,367.00 7,678.00 7,265.00 6,965.00 4,877.00 6,020.00 4,690.00 4,829.00 4,383.00 5,070.00 3,961.00 4,712.00 3,691.00 4,347.00 3,720.00 3,679.00 2,866.00 3,705.00
      Payables and Expenses 16,173.00 12,706.00 9,860.00 11,092.00 9,577.00 8,621.00 6,084.00 8,208.00 6,261.00 6,092.00 5,353.00 6,923.00 5,386.00 6,275.00 4,754.00 5,857.00 5,090.00 4,697.00 3,772.00 4,941.00
            Account Payables 10,816.00 9,068.00 7,367.00 7,678.00 7,265.00 6,965.00 4,877.00 6,020.00 4,690.00 4,829.00 4,383.00 5,070.00 3,961.00 4,712.00 3,691.00 4,347.00 3,720.00 3,679.00 2,866.00 3,705.00
            Current Accrued Liabilities 5,357.00 3,638.00 2,493.00 3,414.00 2,312.00 1,656.00 1,207.00 2,188.00 1,571.00 1,263.00 970.00 1,853.00 1,425.00 1,563.00 1,063.00 1,510.00 1,370.00 1,018.00 906.00 1,236.00
      Short-Term Debt 0 0 0 542.00 0 0 0 557.00 497.00 0 0 419.00 416.00 0 0 0 0 0 0 0
      Other Current Liabilities -5,357.00 -3,638.00 -2,493.00 -3,956.00 -2,312.00 -1,656.00 -1,207.00 -2,745.00 -2,068.00 -1,263.00 -970.00 -2,272.00 -1,841.00 -1,563.00 -1,063.00 -1,510.00 -1,370.00 -1,018.00 -906.00 -1,236.00
   Non-Current Liabilities 3,542.00 4,031.00 2,960.00 3,043.00 1,865.00 1,931.00 2,064.00 2,122.00 2,073.00 1,996.00 2,112.00 2,190.00 2,230.00 2,312.00 1,776.00 1,833.00 1,823.00 1,866.00 1,815.00 1,909.00
      Long-Term Debt 2,367.00 2,507.00 1,639.00 1,796.00 682.00 786.00 914.00 1,038.00 1,062.00 970.00 1,081.00 1,195.00 1,261.00 1,350.00 678.00 781.00 831.00 904.00 894.00 999.00
      Other Non-Current Liabilities 1,175.00 1,524.00 1,321.00 1,247.00 1,183.00 1,145.00 1,150.00 1,084.00 1,011.00 1,026.00 1,031.00 995.00 969.00 962.00 1,098.00 1,052.00 992.00 962.00 921.00 910.00
Equity 64,114.00 20,243.00 28,345.00 36,086.00 41,351.00 46,763.00 35,087.00 39,501.00 43,257.00 46,813.00 13,426.00 17,393.00 21,870.00 25,742.00 29,704.00 33,532.00 37,063.00 40,830.00 43,954.00 12,163.00
   Shareholders Equity 64,114.00 20,243.00 28,345.00 36,086.00 41,351.00 46,763.00 35,087.00 39,501.00 43,257.00 46,813.00 13,426.00 17,393.00 21,870.00 25,742.00 29,704.00 33,532.00 37,063.00 40,830.00 43,954.00 12,163.00
      Capital Stock 11,001.00 14.00 14.00 11,000.00 14.00 14.00 13.00 13.00 2.00 2.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 5.00
      Share Premium 354,641.00 298,063.00 293,014.00 289,589.00 285,680.00 283,202.00 263,618.00 261,000.00 259,351.00 257,729.00 219,266.00 218,977.00 218,609.00 217,952.00 217,278.00 216,625.00 216,059.00 215,755.00 215,372.00 180,334.00
      Retained Earnings -290,531.00 -277,823.00 -264,672.00 -253,506.00 -244,332.00 -236,442.00 -228,533.00 -221,501.00 -216,096.00 -210,918.00 -205,841.00 -201,585.00 -196,740.00 -192,211.00 -187,575.00 -183,094.00 -178,997.00 -174,926.00 -171,419.00 -168,176.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 7,865.00 13,703.00 15,721.00 24,584.00 18,778.00 24,561.00 29,383.00 29,159.00 28,817.00 0 0 0 0 0 0 0 0 0 0
Debt 2,367.00 2,507.00 1,639.00 1,796.00 682.00 786.00 914.00 1,038.00 1,062.00 970.00 1,081.00 1,195.00 1,261.00 1,350.00 678.00 781.00 831.00 904.00 894.00 999.00
Common Shares Outstanding 41,919.14 32,552.89 29,752.66 26,611.03 25,719.63 25,196.48 23,412.38 21,841.22 21,400.16 21,192.20 8,326.65 8,330.92 8,335.61 8,323.20 8,317.88 8,296.26 7,900.31 7,914.34 7,852.79 49,264.83
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 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Revenues 5,830.00 3,307.00 1,529.00 -2,812.00 5,060.00 3,250.00 1,511.00 -2,366.00 4,444.00 2,888.00 1,239.00 -2,871.00 4,145.00 2,714.00 1,183.00 -1,670.00 3,115.00 2,044.00 1,006.00
Cost Of Revenue 4,361.00 2,702.00 1,237.00 -2,366.00 4,023.00 2,627.00 1,219.00 -1,634.00 3,142.00 2,024.00 866.00 -2,394.00 3,226.00 2,161.00 1,061.00 -1,490.00 2,655.00 1,676.00 900.00
Gross Profit 1,469.00 605.00 292.00 -446.00 1,037.00 623.00 292.00 -732.00 1,302.00 864.00 373.00 -477.00 919.00 553.00 122.00 -180.00 460.00 368.00 106.00
Operating Expenses 38,999.00 25,084.00 11,752.00 -14,167.00 25,173.00 16,297.00 7,706.00 -9,001.00 16,637.00 10,560.00 4,754.00 -9,194.00 14,696.00 9,720.00 4,608.00 -6,317.00 11,245.00 7,122.00 3,420.00
   Selling, General and Administrative Expenses 27,471.00 17,191.00 7,693.00 -9,209.00 15,232.00 10,271.00 5,081.00 -5,357.00 10,691.00 6,724.00 2,911.00 -5,791.00 8,899.00 5,984.00 2,928.00 -4,883.00 7,621.00 4,993.00 2,581.00
   Research and Development Expenses 11,528.00 7,893.00 4,059.00 -4,958.00 9,941.00 6,026.00 2,625.00 -3,644.00 5,946.00 3,836.00 1,843.00 -3,403.00 5,797.00 3,736.00 1,680.00 -1,434.00 3,624.00 2,129.00 839.00
   Other Operating Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Income -37,530.00 -24,479.00 -11,460.00 13,721.00 -24,136.00 -15,674.00 -7,414.00 8,269.00 -15,335.00 -9,696.00 -4,381.00 8,717.00 -13,777.00 -9,167.00 -4,486.00 6,137.00 -10,785.00 -6,754.00 -3,314.00
Net Non-Operating Income 505.00 162.00 294.00 -32,809.00 1,305.00 733.00 382.00 -19,871.00 824.00 363.00 125.00 -18,399.00 131.00 50.00 5.00 -15,069.00 -36.00 4.00 71.00
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBT -37,025.00 -24,317.00 -11,166.00 -19,088.00 -22,831.00 -14,941.00 -7,032.00 -11,602.00 -14,511.00 -9,333.00 -4,256.00 -9,682.00 -13,646.00 -9,117.00 -4,481.00 -8,932.00 -10,821.00 -6,750.00 -3,243.00
Income Tax 0.00 0.00 0.00 59.00 0.00 0.00 0.00 65.00 0.00 0.00 0.00 28.00 0.00 0.00 0.00 45.00 0.00 0.00 0.00
Net Income -37,025.00 -24,317.00 -11,166.00 12,799.00 -22,831.00 -14,941.00 -7,032.00 8,184.00 -14,511.00 -9,333.00 -4,256.00 8,753.00 -13,646.00 -9,117.00 -4,481.00 5,896.00 -10,821.00 -6,750.00 -3,243.00
EBIT -37,025.00 -24,317.00 -11,166.00 -19,088.00 -22,831.00 -14,941.00 -7,032.00 -11,602.00 -14,511.00 -9,333.00 -4,256.00 -9,682.00 -13,646.00 -9,117.00 -4,481.00 -8,932.00 -10,821.00 -6,750.00 -3,243.00
Deprecation and Amortization 333.00 205.00 98.00 -129.00 205.00 135.00 69.00 -107.00 171.00 113.00 55.00 -71.00 134.00 84.00 41.00 -95.00 121.00 84.00 51.00
EBITDA -36,692.00 -24,112.00 -11,068.00 -19,217.00 -22,626.00 -14,806.00 -6,963.00 -11,709.00 -14,340.00 -9,220.00 -4,201.00 -9,753.00 -13,512.00 -9,033.00 -4,440.00 -9,027.00 -10,700.00 -6,666.00 -3,192.00
EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 0 0 0
Diluted EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 0 0.00 0 0 0 0.00 0 0 0
Average Shares Outstanding Basic 58,245.37 50,508.66 49,993.51 58,997.01 39,413.00 35,060.45 34,242.98 53,211.22 21,148.54 14,619.62 8,093.34 8,060.01 7,816.97 7,806.03 7,804.24 0.00 0 0 0
Average Shares Outstanding Diluted 58,245.37 50,508.66 49,993.51 58,997.01 39,413.00 35,060.45 34,242.98 61,304.56 21,148.54 14,619.62 0 0.00 0 0 0 0.00 0 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 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Operating Cash Flow -25,758.00 -17,125.00 -8,792.00 7,732.00 -15,118.00 -9,418.00 -5,064.00 8,810.00 -12,199.00 -8,156.00 -4,831.00 8,200.00 -12,347.00 -7,243.00 -4,152.00 6,909.00 -10,309.00 -6,169.00 -3,641.00
   Operating Net Income -37,025.00 -24,317.00 -11,166.00 12,799.00 -22,831.00 -14,941.00 -7,032.00 8,184.00 -14,511.00 -9,333.00 -4,256.00 8,753.00 -13,646.00 -9,117.00 -4,481.00 5,896.00 -10,821.00 -6,750.00 -3,243.00
   Deprecation and Amortization 333.00 205.00 98.00 -129.00 205.00 135.00 69.00 -107.00 171.00 113.00 55.00 -71.00 134.00 84.00 41.00 -95.00 121.00 84.00 51.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 18,803.00 11,766.00 5,393.00 4,261.00 7,792.00 5,349.00 2,618.00 141.00 2,841.00 1,219.00 289.00 -1,612.00 1,984.00 1,327.00 653.00 -463.00 1,010.00 706.00 323.00
   Change in Working Capital 3,234.00 1,111.00 -572.00 2,322.00 2,112.00 -492.00 -1,710.00 3,302.00 -251.00 -236.00 -390.00 1,605.00 71.00 299.00 -922.00 1,638.00 653.00 59.00 -1,010.00
   Other Operating Activities -11,103.00 -5,890.00 -2,545.00 -11,521.00 -2,396.00 531.00 991.00 -2,710.00 -449.00 81.00 -529.00 -475.00 -890.00 164.00 557.00 -67.00 -1,272.00 -268.00 238.00
Investing Cash Flow 14,575.00 7,024.00 1,702.00 -6,898.00 4,399.00 10,323.00 4,817.00 17,957.00 -16,056.00 -22,442.00 4,449.00 2,132.00 4,555.00 1,801.00 -47.00 1,979.00 -24,298.00 -114.00 -24.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 1,279.00 935.00 359.00 -554.00 1,091.00 670.00 195.00 114.00 175.00 79.00 25.00 -94.00 378.00 152.00 37.00 1.00 237.00 80.00 26.00
   Net Purchase/Sale of Investments Net 11,749.00 11,749.00 6,909.00 -3,920.00 14,444.00 1,960.00 1,960.00 -50,032.00 52,838.00 46,338.00 9,500.00 47,000.00 0 0 0 26,000.00 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities 1,547.00 -5,660.00 -5,566.00 -2,424.00 -11,136.00 7,693.00 2,662.00 67,875.00 -69,069.00 -68,859.00 -5,076.00 -44,774.00 4,177.00 1,649.00 -84.00 -24,022.00 -24,535.00 -194.00 -50.00
Financing Cash Flow 55,569.00 2,643.00 506.00 -16,291.00 16,889.00 17,854.00 0 -37,534.00 37,534.00 37,534.00 0 37.00 -140.00 -37.00 0 -70,137.00 35,034.00 35,069.00 35,068.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 75,224.00 2,643.00 506.00 -17,854.00 16,854.00 17,854.00 0 -37,534.00 37,534.00 37,534.00 0 0 0 0 0 -70,137.00 35,034.00 35,069.00 35,068.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -19,655.00 0.00 0.00 1,563.00 35.00 0.00 0 0.00 0.00 0.00 0 37.00 -140.00 -37.00 0 0.00 0.00 0.00 0.00
Net Change in Cash 44,487.00 -7,407.00 -6,533.00 -15,396.00 6,178.00 18,745.00 -251.00 -10,708.00 9,207.00 6,913.00 -404.00 10,515.00 -8,070.00 -5,611.00 -4,206.00 -61,218.00 414.00 28,774.00 31,389.00
   Cash at Beginning of Period 18,916.00 18,916.00 18,916.00 34,312.00 9,640.00 9,640.00 9,640.00 20,348.00 4,632.00 4,632.00 4,632.00 -5,883.00 12,004.00 12,004.00 12,004.00 73,222.00 12,645.00 12,645.00 12,645.00
   Cash at End of Period 63,403.00 11,509.00 12,383.00 18,916.00 15,818.00 28,385.00 9,389.00 9,640.00 13,839.00 11,545.00 4,228.00 4,632.00 3,934.00 6,393.00 7,798.00 12,004.00 13,059.00 41,419.00 44,034.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0