Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -4.87 -5.83 -4.97
Price to Sales
Book Value Per Common Share 0.50 0.70 0.97 -0.87
Price to Book 10.86 11.91 7.72
Price to Operating Cash Flow -7.56 -8.13 -7.00
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
Price to Earnings -5.96 -13.34 -36.19 -8.39 -12.41 -32.80 -12.64 -24.57 -48.56 -6.88 -18.98 23.16
Price to Sales
Book Value Per Common Share 0.94 0.71 0.89 0.50 0.58 0.67 0.76 0.70 0.96 1.18 0.83 0.97 1.39 0.90 1.14
Price to Book 6.43 10.57 11.02 10.86 10.87 9.47 10.73 11.91 13.37 13.53 15.73 7.72 5.10 12.39 6.47
Price to Operating Cash Flow -10.68 -20.46 -46.66 -10.87 -14.35 -31.16 -16.34 -26.95 -40.41 -8.46 -21.89 -22.07
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
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 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 1.08 1.23 1.58 0.45
Quick Ratio
Current Ratio 2.09 2.75 3.30 2.41
Debt to Equity 0.92 0.57 0.44 -1.60
Long-Term Debt to Equity 0.00 0.00 0.00 -1.39
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
Cash Per Common Share 1.66 1.30 1.50 0.95 1.02 1.08 1.18 1.10 1.44 1.65 1.05 1.37 1.97 1.24 1.82
Quick Ratio
Current Ratio 3.07 2.66 3.28 2.09 2.74 3.17 3.46 2.75 3.99 5.41 4.12 3.30 5.54 5.20 5.76
Debt to Equity 0.48 0.60 0.44 0.92 0.57 0.46 0.41 0.57 0.33 0.23 0.32 0.44 0.22 0.24 0.21
Long-Term Debt to Equity 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

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -102.11 -116.03 -93.53 -193.63
ROE -195.61 -182.44 -134.22 117.10
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 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31
ROA -53.75 -43.20 -17.69 -73.68 -46.99 -21.16 -70.25 -39.12 -24.98 -49.82 -45.74 -16.70
ROE -79.67 -69.14 -25.45 -116.02 -68.64 -29.75 -93.72 -47.99 -32.99 -60.81 -56.63 -20.21
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

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 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
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 18,607.00 19,185.00 20,405.00 6,657.00
   Current Assets 18,607.00 19,185.00 20,405.00 5,833.00
      Cash and Short-Term Investments 18,533.00 19,126.00 19,993.00 5,742.00
            Cash and Cash Equivalents 18,533.00 19,126.00 19,993.00 5,742.00
            Short-Term Investments 0 0 0 0
      Net Receivables 0 0 0 0
      Inventory 0 0 0 0
      Other Current Assets 74.00 59.00 412.00 91.00
   Non-Current Assets 0.00 0.00 0.00 824.00
      Property, Plant, Equipment Net 0 0 0 0
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 824.00
      Other Non-Current Assets 0 0 0 0.00
Liabilities 8,894.00 6,984.00 6,186.00 17,665.00
   Current Liabilities 8,894.00 6,984.00 6,186.00 2,419.00
      Payables and Expenses 8,894.00 6,984.00 5,736.00 2,277.00
            Account Payables 2,498.00 2,771.00 2,910.00 1,058.00
            Current Accrued Liabilities 6,396.00 4,213.00 2,826.00 395.00
      Short-Term Debt 0 0 0 0
      Other Current Liabilities 0.00 0.00 450.00 142.00
   Non-Current Liabilities 0.00 0.00 0.00 15,246.00
      Long-Term Debt 0 0 0 0
      Other Non-Current Liabilities 0 0 0 15,246.00
Equity 9,713.00 12,201.00 14,219.00 -11,008.00
   Shareholders Equity 9,713.00 12,201.00 14,219.00 -11,008.00
      Capital Stock 0 0 0 0
      Share Premium 82,958.00 66,446.00 46,204.00 1,892.00
      Retained Earnings -73,245.00 -54,245.00 -31,985.00 -12,900.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0
   Minority Interest 0 0 0 0
Debt 0 0 0 0
Common Shares Outstanding 19,495.68 17,418.89 14,642.48 12,717.79
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cost Of Revenue 1,535.00 3,495.00 2,170.00 0
Interest Income 0 0 0 4.00
Interest Expense 0.00 0.00 0.00 0
Non-Interest Expense 0 0 0 3,349.00
Operating Expenses 19,847.00 22,897.00 19,234.00 12,894.00
   Selling, General and Administrative Expenses 6,929.00 7,517.00 6,007.00 3,349.00
   Research and Development Expenses 12,918.00 15,380.00 13,227.00 9,545.00
   Other Operating Expenses 0.00 0.00 0.00 0
Operating Income -19,847.00 -22,897.00 -19,234.00 -12,894.00
EBT 0 0 0 -12,890.00
Income Tax 0.00 0.00 0.00 0
Net Income Including Non-Controlling Interests 0 0 0 -12,890.00
Net Income -19,000.00 -22,260.00 -19,085.00 -12,890.00
EBIT 0 0 0 -12,894.00
Deprecation and Amortization 0.00 0.00 0.00 0
EBITDA 0 0 0 -12,894.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 17,113.17 15,556.66 12,657.65 12,717.79
Average Shares Outstanding Diluted 17,113.17 15,556.66 12,657.65 12,717.79
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -12,247.00 -15,954.00 -13,559.00 -9,504.00
   Operating Net Income -19,000.00 -22,260.00 -19,085.00 -12,890.00
   Deprecation and Amortization 0 0 0 0
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 4,858.00 4,705.00 1,707.00 1,892.00
   Change in Working Capital 167.00 -522.00 4,461.00 1,494.00
   Other Operating Activities 1,728.00 2,123.00 -642.00 0.00
Investing Cash Flow 0 0 0 0
   Capital Expenditure 0.00 0.00 0.00 0
   Net Purchase/Sale of PPE 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 0 0 0 0
Financing Cash Flow 11,654.00 15,087.00 27,810.00 15,246.00
   Net Issuance/Repayment of Debt 0 0 0 0
   Net Issuance/Repurchase of Equity 24,036.00 28,481.00 31,879.00 15,246.00
   Dividends Paid 0 0 0 0
   Other Financing Activities -12,382.00 -13,394.00 -4,069.00 0.00
Net Change in Cash -593.00 -867.00 14,251.00 5,742.00
   Cash at Beginning of Period 19,126.00 19,993.00 5,742.00 0
   Cash at End of Period 18,533.00 19,126.00 19,993.00 5,742.00
Free Cash Flow 0 0 0 -9,504.00
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 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31
Assets 35,587.00 27,007.00 30,148.00 18,607.00 17,307.00 18,298.00 19,714.00 19,185.00 22,262.00 24,941.00 16,208.00 20,405.00 24,866.00 14,238.00 17,618.00
   Current Assets 35,587.00 27,007.00 30,148.00 18,607.00 17,307.00 18,298.00 19,714.00 19,185.00 22,262.00 24,941.00 16,208.00 20,405.00 24,866.00 14,238.00 17,618.00
      Cash and Short-Term Investments 35,442.00 26,793.00 29,864.00 18,533.00 17,169.00 18,116.00 19,464.00 19,126.00 22,059.00 24,600.00 15,468.00 19,993.00 23,640.00 13,572.00 16,693.00
            Cash and Cash Equivalents 35,442.00 26,793.00 29,864.00 18,533.00 17,169.00 18,116.00 19,464.00 19,126.00 22,059.00 24,600.00 15,468.00 19,993.00 23,640.00 13,572.00 16,693.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 145.00 214.00 284.00 74.00 138.00 182.00 250.00 59.00 203.00 341.00 740.00 412.00 1,226.00 666.00 925.00
   Non-Current Assets 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
      Property, Plant, Equipment Net 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Goodwill 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
      Long-Term Investments 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
      Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Liabilities 11,577.00 10,135.00 9,194.00 8,894.00 6,316.00 5,770.00 5,692.00 6,984.00 5,576.00 4,609.00 3,934.00 6,186.00 4,492.00 2,738.00 3,059.00
   Current Liabilities 11,577.00 10,135.00 9,194.00 8,894.00 6,316.00 5,770.00 5,692.00 6,984.00 5,576.00 4,609.00 3,934.00 6,186.00 4,492.00 2,738.00 3,059.00
      Payables and Expenses 11,502.00 10,060.00 8,894.00 8,894.00 6,316.00 5,770.00 5,692.00 6,984.00 5,576.00 4,210.00 3,934.00 5,736.00 3,852.00 2,397.00 2,138.00
            Account Payables 6,439.00 4,977.00 2,992.00 2,498.00 2,261.00 1,846.00 1,759.00 2,771.00 3,492.00 1,803.00 2,096.00 2,910.00 2,251.00 1,434.00 1,349.00
            Current Accrued Liabilities 5,063.00 5,083.00 5,902.00 6,396.00 4,055.00 3,924.00 3,933.00 4,213.00 2,084.00 2,407.00 1,838.00 2,826.00 1,601.00 963.00 789.00
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 75.00 75.00 300.00 0.00 0.00 0.00 0.00 0.00 0.00 399.00 0.00 450.00 640.00 341.00 921.00
   Non-Current Liabilities 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
      Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Equity 24,010.00 16,872.00 20,954.00 9,713.00 10,991.00 12,528.00 14,022.00 12,201.00 16,686.00 20,332.00 12,274.00 14,219.00 20,374.00 11,500.00 14,559.00
   Shareholders Equity 24,010.00 16,872.00 20,954.00 9,713.00 10,991.00 12,528.00 14,022.00 12,201.00 16,686.00 20,332.00 12,274.00 14,219.00 20,374.00 11,500.00 14,559.00
      Capital Stock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Share Premium 116,383.00 101,783.00 99,531.00 82,958.00 77,988.00 75,372.00 72,438.00 66,446.00 64,309.00 62,074.00 48,308.00 46,204.00 45,663.00 30,912.00 30,402.00
      Retained Earnings -92,373.00 -84,911.00 -78,577.00 -73,245.00 -66,997.00 -62,844.00 -58,416.00 -54,245.00 -47,623.00 -41,742.00 -36,034.00 -31,985.00 -25,289.00 -19,412.00 -15,843.00
      Treasury Shares 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
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Common Shares Outstanding 25,639.90 23,877.59 23,634.59 19,495.68 18,985.32 18,748.75 18,356.06 17,418.89 17,309.91 17,221.11 0 14,642.48 14,642.48 12,717.79 12,717.79
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
Cost Of Revenue 0 0 0 1,535.00 0 0 0 3,495.00 0 0 0 2,170.00 0 0 0
Operating Expenses 19,957.00 12,163.00 5,568.00 -6,986.00 13,398.00 9,039.00 4,396.00 -7,108.00 16,031.00 9,873.00 4,101.00 -2,685.00 12,456.00 6,518.00 2,945.00
   Selling, General and Administrative Expenses 6,890.00 4,870.00 1,888.00 -3,219.00 4,976.00 3,436.00 1,736.00 -2,377.00 4,916.00 3,244.00 1,734.00 -967.00 3,626.00 2,208.00 1,140.00
   Research and Development Expenses 13,067.00 7,293.00 3,680.00 -3,767.00 8,422.00 5,603.00 2,660.00 -5,531.00 11,515.00 7,029.00 2,367.00 -866,718.00 8,830.00 4,310.00 866,805.00
   Other Operating Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 800.00 -400.00 -400.00 0.00 865,000.00 0.00 0.00 -865,000.00
Operating Income -19,957.00 -12,163.00 -5,568.00 6,986.00 -13,398.00 -9,039.00 -4,396.00 7,108.00 -16,031.00 -9,873.00 -4,101.00 2,685.00 -12,456.00 -6,518.00 -2,945.00
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
EBT 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
Net Income -19,128.00 -11,666.00 -5,332.00 6,522.00 -12,752.00 -8,599.00 -4,171.00 7,184.00 -15,638.00 -9,757.00 -4,049.00 2,759.00 -12,389.00 -6,512.00 -2,943.00
Deprecation and Amortization 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
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
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 0.00
Average Shares Outstanding Basic 21,351.23 20,655.86 19,937.51 18,265.35 16,898.04 16,729.95 16,559.33 17,208.81 15,341.68 14,951.88 14,724.25 18,498.60 11,988.77 10,984.09 9,159.14
Average Shares Outstanding Diluted 21,351.23 20,655.86 19,937.51 18,265.35 16,898.04 16,729.95 16,559.33 17,208.81 15,341.68 14,951.88 14,724.25 18,498.60 11,988.77 10,984.09 9,159.14
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
Operating Cash Flow -12,035.00 -7,541.00 -4,174.00 9,271.00 -9,782.00 -7,378.00 -4,358.00 9,787.00 -12,104.00 -8,860.00 -4,777.00 5,179.00 -10,043.00 -5,619.00 -3,076.00
   Operating Net Income -19,128.00 -11,666.00 -5,332.00 6,522.00 -12,752.00 -8,599.00 -4,171.00 7,184.00 -15,638.00 -9,757.00 -4,049.00 -40,929.00 12,389.00 6,512.00 2,943.00
   Deprecation and Amortization 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 4,556.00 3,099.00 1,368.00 -2,713.00 3,717.00 2,558.00 1,296.00 -2,534.00 3,485.00 2,352.00 1,402.00 -340.00 1,225.00 666.00 156.00
   Change in Working Capital 3,237.00 1,781.00 729.00 2,388.00 -564.00 -907.00 -750.00 2,918.00 -369.00 -1,597.00 -1,474.00 -1,680.00 3,391.00 1,377.00 1,373.00
   Other Operating Activities -700.00 -755.00 -939.00 3,074.00 -183.00 -430.00 -733.00 2,219.00 418.00 142.00 -656.00 48,128.00 -27,048.00 -14,174.00 -7,548.00
Investing Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   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
   Net Purchase/Sale of PPE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Financing Cash Flow 28,944.00 15,801.00 15,505.00 -7,235.00 7,825.00 6,368.00 4,696.00 -12,802.00 14,170.00 13,467.00 252.00 -27,607.00 27,941.00 13,449.00 14,027.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 30,962.00 17,412.00 16,798.00 -14,972.00 16,183.00 13,176.00 9,649.00 -60,641.00 25,280.00 24,140.00 39,702.00 -32,000.00 31,879.00 16,000.00 16,000.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -2,018.00 -1,611.00 -1,293.00 7,737.00 -8,358.00 -6,808.00 -4,953.00 47,839.00 -11,110.00 -10,673.00 -39,450.00 4,393.00 -3,938.00 -2,551.00 -1,973.00
Net Change in Cash 16,909.00 8,260.00 11,331.00 2,036.00 -1,957.00 -1,010.00 338.00 -3,015.00 2,066.00 4,607.00 -4,525.00 -22,428.00 17,898.00 7,830.00 10,951.00
   Cash at Beginning of Period 18,533.00 18,533.00 18,533.00 16,497.00 19,126.00 19,126.00 19,126.00 22,141.00 19,993.00 19,993.00 19,993.00 42,421.00 5,742.00 5,742.00 5,742.00
   Cash at End of Period 35,442.00 26,793.00 29,864.00 18,533.00 17,169.00 18,116.00 19,464.00 19,126.00 22,059.00 24,600.00 15,468.00 19,993.00 23,640.00 13,572.00 16,693.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0