Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -2.22 -5.63 -5.66
Price to Sales 19.91 74.62 51.53 141.15 47.09
Book Value Per Common Share 8.55 11.29 14.19 13.97 10.50
Price to Book 1.36 2.70 2.46 8.47 5.18
Price to Operating Cash Flow -3.30 -6.87 -8.06 -39.14 -54.71
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 -5.78 -4.51 -6.46 -5.15 -8.48 -24.56 -7.98 -15.81 -31.85 -11.71 -15.73
Price to Sales 40.93 31.49 35.04 44.67 60.00 90.79 60.49 84.62 80.38 109.66 154.14 488.37 493.74 851.26 845.68
Book Value Per Common Share 6.46 6.79 7.53 8.55 9.46 9.88 10.76 11.29 11.64 12.51 40.55 14.19 10.77 11.59 12.61 13.97 14.89 7.24 8.04 10.50
Price to Book 2.67 1.38 0.94 1.36 2.17 2.27 2.56 2.70 2.72 3.26 0.92 2.46 5.20 4.47 5.76 8.47 9.01 22.36 9.98 5.18
Price to Operating Cash Flow -5.62 -3.91 -4.94 -7.63 -12.04 -21.77 -9.26 -17.97 -29.92 -17.37 -23.63 -68.87 -58.53 -105.01 -104.02
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 59.55 -30.40 -16.47 7.60
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 44.64 47.01 25.38 24.04 8.73 4.18 52.47 124.69 -50.56 55.44 101.63
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 6.09 10.28 15.49 10.05 11.90
Quick Ratio 5.50 8.24 9.45 5.97 9.33
Current Ratio 5.77 8.67 9.61 6.11 9.60
Debt to Equity 0.37 0.24 0.23 0.24 0.28
Long-Term Debt to Equity 0.24 0.13 0.13 0.12 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 4.83 4.44 4.87 5.90 6.73 7.18 8.29 9.81 9.69 10.32 10.64 13.69 10.96 11.61 11.31 10.05 10.74 7.74 8.60 11.90
Quick Ratio 5.57 4.93 4.57 5.50 6.31 6.69 8.45 8.24 9.37 9.14 9.08 9.45 6.35 7.09 6.80 5.97 8.21 7.18 9.64 9.33
Current Ratio 6.21 5.19 4.90 5.77 6.73 7.21 9.03 8.67 9.72 9.41 9.32 9.61 6.55 7.24 6.94 6.11 8.35 7.43 9.90 9.60
Debt to Equity 0.24 0.26 0.26 0.37 0.22 0.23 0.22 0.24 0.20 0.20 -0.60 0.23 0.31 0.26 0.26 0.24 0.21 0.36 0.31 0.28
Long-Term Debt to Equity 0.11 0.12 0.12 0.24 0.11 0.12 0.12 0.13 0.11 0.11 -0.63 0.13 0.16 0.12 0.13 0.12 0.12 0.21 0.20 0.16

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -43.58 -36.99 -31.19 -20.70 -19.85
ROE -59.52 -45.82 -38.38 -25.75 -25.47
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin -896.77 -1326.51 -909.78 -429.31 -231.46
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 -34.25 -23.98 -11.59 -33.25 -21.35 -8.53 -28.07 -17.14 -7.27 -33.27 -22.29 -12.21 -13.98 -17.11 -6.45
ROE -42.34 -30.14 -14.66 -40.53 -26.20 -10.37 -33.64 -20.53 -2.89 -43.73 -28.11 -15.40 -16.86 -23.24 -8.46
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin -709.70 -698.32 -544.42 -866.88 -708.82 -371.30 -757.12 -534.92 -253.38 -935.92 -979.16 -1305.30 -924.08 -885.04 -716.91

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 1,191,015.00 1,300,977.00 1,520,114.00 1,294,464.00 676,322.00
   Current Assets 639,863.00 998,330.00 1,216,797.00 769,303.00 616,517.00
      Cash and Short-Term Investments 601,515.00 912,223.00 1,192,622.00 748,688.00 597,371.00
            Cash and Cash Equivalents 189,182.00 226,748.00 523,506.00 123,406.00 160,020.00
            Short-Term Investments 412,333.00 685,475.00 669,116.00 625,282.00 437,351.00
      Net Receivables 8,517.00 36,656.00 3,768.00 2,031.00 2,130.00
      Inventory 0 0 0 0 0
      Other Current Assets 29,831.00 49,451.00 20,407.00 18,584.00 17,016.00
   Non-Current Assets 551,152.00 302,647.00 303,317.00 525,161.00 59,805.00
      Property, Plant, Equipment Net 372,373.00 148,135.00 191,697.00 100,111.00 55,057.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 260,215.00 123,429.00 134,293.00 453,592.00 0
      Non-Current Deferred Assets 10,634.00 9,633.00 13,189.00 13,922.00 4,680.00
      Other Non-Current Assets -92,070.00 21,450.00 -35,862.00 -42,464.00 68.00
Liabilities 319,059.00 250,808.00 284,530.00 254,220.00 149,250.00
   Current Liabilities 110,851.00 115,208.00 126,554.00 125,833.00 64,254.00
      Payables and Expenses 69,944.00 74,469.00 66,030.00 52,962.00 36,014.00
            Account Payables 14,589.00 7,452.00 5,154.00 9,653.00 10,460.00
            Current Accrued Liabilities 55,355.00 67,017.00 60,876.00 43,309.00 25,554.00
      Short-Term Debt 20,246.00 18,599.00 16,685.00 9,112.00 5,696.00
      Other Current Liabilities 20,661.00 22,140.00 43,839.00 63,759.00 22,544.00
   Non-Current Liabilities 208,208.00 135,600.00 157,976.00 128,387.00 84,996.00
      Long-Term Debt 189,952.00 96,747.00 114,018.00 64,911.00 33,609.00
      Other Non-Current Liabilities 18,256.00 38,853.00 43,958.00 63,476.00 51,387.00
Equity 871,956.00 1,050,169.00 1,235,584.00 1,040,244.00 527,072.00
   Shareholders Equity 871,956.00 1,050,169.00 1,235,584.00 1,040,244.00 527,072.00
      Capital Stock 10.00 9.00 9.00 7.00 7.00
      Share Premium 3,048,741.00 2,710,797.00 2,420,223.00 1,745,870.00 962,173.00
      Retained Earnings -2,177,400.00 -1,658,379.00 -1,177,187.00 -703,001.00 -435,109.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 605.00 -2,258.00 -7,461.00 -2,632.00 1.00
   Minority Interest 0 0 0 0 0
Investments 672,548.00 808,904.00 803,409.00 1,078,874.00 437,351.00
Debt 210,198.00 115,346.00 130,703.00 74,023.00 39,305.00
Common Shares Outstanding 102,029.59 92,997.16 87,103.01 74,485.88 50,198.04
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 57,877.00 36,275.00 52,121.00 62,400.00 57,994.00
   Selling, General and Administrative Expenses 125,829.00 116,497.00 90,306.00 71,096.00 44,169.00
   Research and Development Expenses 1,398,933.00 435,069.00 419,979.00 229,807.00 150,408.00
Operating Income -534,263.00 -515,291.00 -458,164.00 -267,850.00 -136,583.00
Interest Expense 0.00 0.00 0.00 0.00 0.00
Net Interest 47,807.00 49,832.00 8,542.00 1,283.00 2,352.00
EBT 0 0 0 0 0
Income Tax 0.00 0.00 0.00 0.00 0.00
Equity Method Investments Income 0 -9,033.00 321.00 4,225.00 0
Net Income -519,021.00 -481,192.00 -474,186.00 -267,892.00 -134,231.00
Deprecation and Amortization 28,102.00 34,873.00 3,569.00 713.00 5,773.00
EPS -0.01 -0.01 -0.01 0 0
Diluted EPS -0.01 -0.01 -0.01 0 0
Average Shares Outstanding Basic 98,849.00 88,770.00 76,972.00 0 0
Average Shares Outstanding Diluted 98,849.00 88,770.00 76,972.00 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -348,880.00 -394,086.00 -333,287.00 -225,030.00 -49,912.00
   Operating Net Income -519,021.00 -481,192.00 -474,186.00 -267,892.00 -134,231.00
   Deprecation and Amortization 28,102.00 34,873.00 3,569.00 -713.00 5,773.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 154,273.00 134,050.00 91,400.00 47,009.00 19,903.00
   Change in Working Capital -59,699.00 66,331.00 -47,136.00 -3,984.00 69,845.00
   Other Operating Activities 47,465.00 -148,148.00 93,066.00 550.00 -11,202.00
Investing Cash Flow 125,567.00 -31,347.00 160,309.00 -550,778.00 -214,487.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 5,778.00 13,985.00 13,708.00 12,756.00 3,585.00
   Net Purchase/Sale of Investments Net 2,002,491.00 1,791,566.00 1,076,613.00 1,506,218.00 736,502.00
   Net Purchase/Sale of Business 287.00 287.00 287.00 0 0
   Other Investing Activities -1,882,989.00 -1,837,185.00 -930,299.00 -2,069,752.00 -954,574.00
Financing Cash Flow 185,747.00 130,323.00 582,955.00 736,688.00 371,779.00
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 360,547.00 2,788,423.00 3,206,055.00 2,599,888.00 421,279.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -174,800.00 -2,658,100.00 -2,623,100.00 -1,863,200.00 -49,500.00
Net Change in Cash -37,566.00 -295,110.00 409,977.00 -39,120.00 107,380.00
   Cash at Beginning of Period 240,353.00 535,463.00 125,486.00 164,606.00 57,226.00
   Cash at End of Period 202,787.00 240,353.00 535,463.00 125,486.00 164,606.00
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 925,275.00 898,894.00 986,163.00 1,191,015.00 1,173,351.00 1,191,536.00 1,259,589.00 1,300,977.00 1,243,349.00 1,323,240.00 1,417,889.00 1,520,114.00 1,084,458.00 1,110,424.00 1,202,788.00 1,294,464.00 1,334,961.00 672,243.00 716,891.00 676,322.00
   Current Assets 581,941.00 495,945.00 551,392.00 639,863.00 710,902.00 757,211.00 884,043.00 998,330.00 893,493.00 939,615.00 963,671.00 1,216,797.00 858,947.00 895,433.00 875,367.00 769,303.00 814,774.00 549,404.00 601,084.00 616,517.00
      Cash and Short-Term Investments 511,044.00 459,651.00 503,747.00 601,515.00 658,114.00 691,068.00 791,294.00 912,223.00 854,788.00 908,074.00 933,542.00 1,192,622.00 828,194.00 874,275.00 855,251.00 748,688.00 798,267.00 529,019.00 584,063.00 597,371.00
            Cash and Cash Equivalents 193,389.00 156,172.00 126,880.00 189,182.00 120,495.00 130,849.00 171,979.00 226,748.00 168,027.00 171,806.00 294,150.00 523,506.00 141,194.00 147,781.00 133,382.00 123,406.00 334,736.00 129,879.00 141,538.00 160,020.00
            Short-Term Investments 317,655.00 303,479.00 376,867.00 412,333.00 537,619.00 560,219.00 619,315.00 685,475.00 686,761.00 736,268.00 639,392.00 669,116.00 687,000.00 726,494.00 721,869.00 625,282.00 463,531.00 399,140.00 442,525.00 437,351.00
      Net Receivables 11,050.00 11,353.00 10,504.00 8,517.00 8,854.00 12,329.00 36,427.00 36,656.00 6,491.00 5,056.00 4,906.00 3,768.00 4,023.00 2,854.00 1,801.00 2,031.00 2,491.00 1,993.00 953.00 2,130.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 59,847.00 24,941.00 37,141.00 29,831.00 43,934.00 53,814.00 56,322.00 49,451.00 32,214.00 26,485.00 25,223.00 20,407.00 26,730.00 18,304.00 18,315.00 18,584.00 14,016.00 18,392.00 16,068.00 17,016.00
   Non-Current Assets 343,334.00 402,949.00 434,771.00 551,152.00 462,449.00 434,325.00 375,546.00 302,647.00 349,856.00 383,625.00 454,218.00 303,317.00 225,511.00 214,991.00 327,421.00 525,161.00 520,187.00 122,839.00 115,807.00 59,805.00
      Property, Plant, Equipment Net 176,904.00 196,551.00 211,402.00 372,373.00 129,094.00 135,685.00 142,499.00 148,135.00 152,775.00 156,944.00 160,071.00 191,697.00 158,587.00 99,643.00 100,170.00 100,111.00 109,134.00 95,600.00 134,469.00 55,057.00
      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 158,814.00 170,855.00 203,353.00 260,215.00 286,567.00 248,805.00 162,090.00 123,429.00 172,118.00 207,650.00 281,827.00 134,293.00 100,735.00 123,820.00 244,058.00 453,592.00 476,088.00 22,262.00 16,735.00 0
      Non-Current Deferred Assets 0 0 0 10,634.00 0 0 0 9,633.00 0 0 0 13,189.00 0 0 0 13,922.00 0 0 0 4,680.00
      Other Non-Current Assets 7,616.00 35,543.00 20,016.00 -92,070.00 46,788.00 49,835.00 70,957.00 21,450.00 24,963.00 19,031.00 12,320.00 -35,862.00 -33,811.00 -8,472.00 -16,807.00 -42,464.00 -65,035.00 4,977.00 -35,397.00 68.00
Liabilities 176,853.00 183,639.00 206,244.00 319,059.00 210,736.00 220,474.00 223,452.00 250,808.00 205,935.00 218,352.00 -2,154,640.00 284,530.00 259,507.00 229,877.00 249,034.00 254,220.00 227,863.00 177,430.00 171,018.00 149,250.00
   Current Liabilities 93,726.00 95,499.00 112,593.00 110,851.00 105,683.00 105,090.00 97,912.00 115,208.00 91,953.00 99,851.00 103,383.00 126,554.00 131,132.00 123,760.00 126,111.00 125,833.00 97,567.00 73,963.00 60,702.00 64,254.00
      Payables and Expenses 55,101.00 52,355.00 54,169.00 69,944.00 65,351.00 64,943.00 57,965.00 74,469.00 61,532.00 61,168.00 51,712.00 66,030.00 62,763.00 52,386.00 53,014.00 52,962.00 32,103.00 44,004.00 29,903.00 36,014.00
            Account Payables 13,260.00 9,802.00 12,364.00 14,589.00 13,145.00 18,816.00 13,689.00 7,452.00 3,553.00 11,634.00 6,890.00 5,154.00 4,384.00 7,515.00 10,138.00 9,653.00 7,470.00 6,854.00 8,688.00 10,460.00
            Current Accrued Liabilities 41,841.00 42,553.00 41,805.00 55,355.00 52,206.00 46,127.00 44,276.00 67,017.00 57,979.00 49,534.00 44,822.00 60,876.00 58,379.00 44,871.00 42,876.00 43,309.00 24,633.00 37,150.00 21,215.00 25,554.00
      Short-Term Debt 27,378.00 26,990.00 38,763.00 20,246.00 19,177.00 18,963.00 18,763.00 18,599.00 17,074.00 16,750.00 16,328.00 16,685.00 13,551.00 9,568.00 9,338.00 9,112.00 8,705.00 7,415.00 8,255.00 5,696.00
      Other Current Liabilities 11,247.00 16,154.00 19,661.00 20,661.00 21,155.00 21,184.00 21,184.00 22,140.00 13,347.00 21,933.00 35,343.00 43,839.00 54,818.00 61,806.00 63,759.00 63,759.00 56,759.00 22,544.00 22,544.00 22,544.00
   Non-Current Liabilities 83,127.00 88,140.00 93,651.00 208,208.00 105,053.00 115,384.00 125,540.00 135,600.00 113,982.00 118,501.00 -2,258,023.00 157,976.00 128,375.00 106,117.00 122,923.00 128,387.00 130,296.00 103,467.00 110,316.00 84,996.00
      Long-Term Debt 70,588.00 75,601.00 80,490.00 189,952.00 82,446.00 87,332.00 92,100.00 96,747.00 101,263.00 105,582.00 109,801.00 114,018.00 84,097.00 59,997.00 62,480.00 64,911.00 67,273.00 63,259.00 64,487.00 33,609.00
      Other Non-Current Liabilities 12,539.00 12,539.00 13,161.00 18,256.00 22,607.00 28,052.00 33,440.00 38,853.00 12,719.00 12,919.00 -2,367,824.00 43,958.00 44,278.00 46,120.00 60,443.00 63,476.00 63,023.00 40,208.00 45,829.00 51,387.00
Equity 748,422.00 715,255.00 779,919.00 871,956.00 962,615.00 971,062.00 1,036,137.00 1,050,169.00 1,037,414.00 1,104,888.00 3,572,529.00 1,235,584.00 824,951.00 880,547.00 953,754.00 1,040,244.00 1,107,098.00 494,813.00 545,873.00 527,072.00
   Shareholders Equity 748,422.00 715,255.00 779,919.00 871,956.00 962,615.00 971,062.00 1,036,137.00 1,050,169.00 1,037,414.00 1,104,888.00 3,572,529.00 1,235,584.00 824,951.00 880,547.00 953,754.00 1,040,244.00 1,107,098.00 494,813.00 545,873.00 527,072.00
      Capital Stock 12.00 10.00 10.00 10.00 10.00 10.00 10.00 9.00 9.00 9.00 9.00 9.00 8.00 8.00 8.00 7.00 7.00 7.00 7.00 7.00
      Share Premium 3,241,728.00 3,107,576.00 3,070,581.00 3,048,741.00 3,007,810.00 2,884,997.00 2,802,889.00 2,710,797.00 2,567,195.00 2,512,741.00 2,473,825.00 2,420,223.00 1,898,091.00 1,840,644.00 1,811,681.00 1,745,870.00 1,729,029.00 1,044,939.00 1,027,192.00 962,173.00
      Retained Earnings -2,494,308.00 -2,392,984.00 -2,291,729.00 -2,177,400.00 -2,048,502.00 -1,912,790.00 -1,765,815.00 -1,658,379.00 -1,526,218.00 -1,403,994.00 -1,280,313.00 -1,177,187.00 -1,063,780.00 -950,551.00 -849,873.00 -703,001.00 -621,764.00 -550,120.00 -481,314.00 -435,109.00
      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 990.00 653.00 1,057.00 605.00 3,297.00 -1,155.00 -947.00 -2,258.00 -3,572.00 -3,868.00 -2,678.00 -7,461.00 -9,368.00 -9,554.00 -8,062.00 -2,632.00 -174.00 -13.00 -12.00 1.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 476,469.00 474,334.00 580,220.00 672,548.00 824,186.00 809,024.00 781,405.00 808,904.00 858,879.00 943,918.00 921,219.00 803,409.00 787,735.00 850,314.00 965,927.00 1,078,874.00 939,619.00 421,402.00 459,260.00 437,351.00
Debt 97,966.00 102,591.00 119,253.00 210,198.00 101,623.00 106,295.00 110,863.00 115,346.00 118,337.00 122,332.00 126,129.00 130,703.00 97,648.00 69,565.00 71,818.00 74,023.00 75,978.00 70,674.00 72,742.00 39,305.00
Common Shares Outstanding 115,787.29 105,330.69 103,539.68 102,029.59 101,796.37 98,289.15 96,333.37 92,997.16 89,097.82 88,347.63 88,095.78 87,103.01 76,587.95 76,000.74 75,624.17 74,485.88 74,342.18 68,331.78 67,890.33 50,198.04
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 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 44,654.00 30,872.00 21,000.00 -51,953.00 45,003.00 35,892.00 28,935.00 -92,925.00 46,100.00 42,400.00 40,700.00 -22,961.00 38,548.00 25,282.00 11,252.00 22,761.00 20,199.00 12,995.00 6,445.00
   Selling, General and Administrative Expenses 86,725.00 56,213.00 29,007.00 -61,531.00 93,385.00 62,884.00 31,091.00 -56,554.00 87,503.00 58,100.00 27,448.00 -43,312.00 66,680.00 44,535.00 22,403.00 -21,763.00 48,988.00 30,277.00 13,594.00
   Research and Development Expenses 900,627.00 616,386.00 325,281.00 711,598.00 349,434.00 226,054.00 111,847.00 -200,527.00 326,088.00 212,392.00 97,116.00 -256,355.00 319,945.00 223,294.00 133,095.00 -66,275.00 158,646.00 98,160.00 39,276.00
Operating Income -342,280.00 -230,803.00 -120,807.00 230,602.00 -397,816.00 -253,046.00 -114,003.00 216,358.00 -375,399.00 -244,292.00 -111,958.00 276,706.00 -348,077.00 -242,547.00 -144,246.00 81,452.00 -187,435.00 -115,442.00 -46,425.00
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
Net Interest 22,719.00 16,005.00 8,603.00 -27,055.00 37,176.00 25,054.00 12,632.00 -24,154.00 37,373.00 24,633.00 11,980.00 3,571.00 3,188.00 1,243.00 540.00 -148.00 780.00 431.00 220.00
EBT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Income Tax 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
Equity Method Investments Income 0 0 0 0 0 0 0 -3,132.00 -4,305.00 -1,348.00 -248.00 -106.00 669.00 -297.00 55.00 4,225.00 0 0 0
Net Income -316,908.00 -215,584.00 -114,329.00 232,949.00 -390,123.00 -254,411.00 -107,436.00 197,772.00 -349,031.00 -226,807.00 -103,126.00 281,015.00 -360,779.00 -247,550.00 -146,872.00 79,979.00 -186,655.00 -115,011.00 -46,205.00
Deprecation and Amortization 14,940.00 8,919.00 4,778.00 -16,674.00 21,934.00 15,045.00 7,797.00 -13,735.00 26,100.00 15,887.00 6,621.00 1,771.00 289.00 837.00 672.00 -67.00 41.00 357.00 382.00
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 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 -0.00 0.00 -0.00 -0.00 0 0.00 0 0 0
Average Shares Outstanding Basic 105,841.00 103,617.00 103,500.00 105,814.00 97,842.00 96,238.00 95,502.00 91,125.00 88,204.00 87,979.00 87,772.00 157,063.00 75,543.00 75,282.00 0 0.00 0 0 0
Average Shares Outstanding Diluted 105,841.00 103,617.00 103,500.00 105,814.00 97,842.00 96,238.00 95,502.00 91,125.00 88,204.00 87,979.00 87,772.00 157,063.00 75,543.00 75,282.00 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 -325,451.00 -248,552.00 -148,930.00 214,315.00 -263,685.00 -178,848.00 -120,662.00 215,925.00 -301,032.00 -199,651.00 -109,328.00 154,824.00 -243,418.00 -164,892.00 -79,801.00 103,082.00 -170,379.00 -105,357.00 -52,376.00
   Operating Net Income -316,908.00 -215,584.00 -114,329.00 232,949.00 -390,123.00 -254,411.00 -107,436.00 197,772.00 -349,031.00 -226,807.00 -103,126.00 281,015.00 -360,779.00 -247,550.00 -146,872.00 79,979.00 -186,655.00 -115,011.00 -46,205.00
   Deprecation and Amortization 14,940.00 8,919.00 4,778.00 -16,674.00 21,934.00 15,045.00 7,797.00 -13,735.00 26,100.00 15,887.00 6,621.00 4,789.00 289.00 -837.00 -672.00 -1,493.00 41.00 357.00 382.00
   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 63,480.00 43,876.00 21,840.00 -69,596.00 114,656.00 75,037.00 34,176.00 -55,867.00 99,007.00 63,655.00 27,255.00 -35,424.00 66,774.00 41,559.00 18,491.00 -8,901.00 32,448.00 17,038.00 6,424.00
   Change in Working Capital -10,079.00 -5,360.00 -5,784.00 53,212.00 -58,924.00 -39,778.00 -14,209.00 144,827.00 -26,767.00 -27,287.00 -24,442.00 39,724.00 -36,019.00 -33,338.00 -17,503.00 11,752.00 -14,344.00 5,145.00 -6,537.00
   Other Operating Activities -76,884.00 -80,403.00 -55,435.00 14,424.00 48,772.00 25,259.00 -40,990.00 -57,072.00 -50,341.00 -25,099.00 -15,636.00 -135,280.00 86,317.00 75,274.00 66,755.00 21,745.00 -1,869.00 -12,886.00 -6,440.00
Investing Cash Flow 200,497.00 201,238.00 94,328.00 163,953.00 -25,998.00 -18,289.00 5,901.00 324,973.00 -77,286.00 -156,786.00 -122,248.00 -220,443.00 190,461.00 142,818.00 47,473.00 -141,291.00 -391,663.00 7,718.00 -25,542.00
   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 1,003.00 974.00 735.00 -5,043.00 4,797.00 3,518.00 2,506.00 -10,445.00 12,465.00 8,133.00 3,832.00 -2,926.00 9,796.00 5,409.00 1,429.00 -4,894.00 9,888.00 5,350.00 2,412.00
   Net Purchase/Sale of Investments Net 712,420.00 479,830.00 261,481.00 -1,142,738.00 1,511,741.00 1,105,965.00 527,523.00 -1,400,626.00 1,444,557.00 1,101,985.00 645,650.00 96,787.00 629,985.00 256,107.00 93,734.00 -314,985.00 1,163,743.00 383,930.00 273,530.00
   Net Purchase/Sale of Business 0 0 0 287.00 0 0 0 -574.00 287.00 287.00 287.00 -574.00 287.00 287.00 287.00 0 0 0 0
   Other Investing Activities -512,926.00 -279,566.00 -167,888.00 1,311,447.00 -1,542,536.00 -1,127,772.00 -524,128.00 1,736,618.00 -1,534,595.00 -1,267,191.00 -772,017.00 -313,730.00 -449,607.00 -118,985.00 -47,977.00 178,588.00 -1,565,294.00 -381,562.00 -301,484.00
Financing Cash Flow 129,509.00 14,652.00 0 -158,913.00 183,430.00 101,238.00 59,992.00 99,526.00 23,839.00 4,737.00 2,221.00 405,228.00 77,192.00 53,215.00 47,320.00 -122,043.00 734,408.00 65,728.00 58,595.00
   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 257,709.00 28,652.00 0 -8,332,713.00 3,116,630.00 2,862,338.00 2,714,292.00 -4,490,574.00 2,464,139.00 2,411,037.00 2,403,821.00 -2,727,480.30 2,034,800.30 1,953,215.00 1,945,520.00 1,645,249.00 779,708.00 111,236.00 63,695.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -128,200.00 -14,000.00 0 8,173,800.00 -2,933,200.00 -2,761,100.00 -2,654,300.00 4,590,100.00 -2,440,300.00 -2,406,300.00 -2,401,600.00 3,132,708.30 -1,957,608.30 -1,900,000.00 -1,898,200.00 -1,767,292.00 -45,300.00 -45,508.00 -5,100.00
Net Change in Cash 4,555.00 -32,662.00 -54,602.00 219,355.00 -106,253.00 -95,899.00 -54,769.00 640,424.00 -354,479.00 -351,700.00 -229,355.00 339,609.00 24,235.00 31,141.00 14,992.00 -160,252.00 172,366.00 -31,911.00 -19,323.00
   Cash at Beginning of Period 202,787.00 202,787.00 202,787.00 -16,568.00 240,353.00 240,353.00 240,353.00 -400,071.00 535,463.00 535,463.00 535,463.00 195,854.00 125,486.00 125,486.00 125,486.00 285,738.00 164,606.00 164,606.00 164,606.00
   Cash at End of Period 207,342.00 170,125.00 148,185.00 202,787.00 134,100.00 144,454.00 185,584.00 240,353.00 180,984.00 183,763.00 306,108.00 535,463.00 149,721.00 156,627.00 140,478.00 125,486.00 336,972.00 132,695.00 145,283.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0