Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31
Price to Earnings -3.33 -0.64
Price to Sales 150.82 26.81 4.13
Book Value Per Common Share 0.28 0.43 0.75
Price to Book 9.99 0.94 1.00
Price to Operating Cash Flow -6.45 -0.78 -2.46
Price to Free Cash Flow -6.26 -0.76
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2023-12-31 2023-06-30 2022-12-31
Price to Earnings -7.06 -9.88 -13.00 -2.91 -9.94 -8.12
Price to Sales 917.20 219.51 629.03 202.70 469.44 182.37
Book Value Per Common Share 0.26 0.34 0.17 0.28 0.39 0.18 0.43 0.55 0.75
Price to Book 3.50 2.88 11.17 9.99 1.74 9.49 0.94 1.63 1.00
Price to Operating Cash Flow -11.13 -16.91 -18.19 -9.06
Price to Free Cash Flow -10.98 -16.55 -17.94 -8.77
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31
Earning YoY
Revenue YoY 52.35 -91.62
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2023-12-31 2023-06-30 2022-12-31
Earning YoY
Revenue YoY -74.29 72.10 13.83 34.24 -24.48
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31
Cash Per Common Share 0.38 0.40 0.96
Quick Ratio 6.39 6.95 3.59
Current Ratio 7.25 8.07 3.81
Debt to Equity 0.15 0.13 0.36
Long-Term Debt to Equity 0.00 0.00 0.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2023-12-31 2023-06-30 2022-12-31
Cash Per Common Share 0.24 0.37 0.15 0.26 0.42 0.11 0.40 0.64 0.96
Quick Ratio 12.20 9.74 3.59 6.39 15.39 4.06 6.95 3.98 3.59
Current Ratio 13.47 10.44 4.56 7.25 16.39 5.57 8.07 4.32 3.81
Debt to Equity 0.08 0.10 0.25 0.15 0.06 0.16 0.13 0.30 0.36
Long-Term Debt to Equity 0.00 0.00 0.00 0.00 0.00 0.00

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31
ROA -180.15 -128.00 -22.84
ROE -206.94 -144.97 -30.99
Gross Margin 78.31 76.81 72.51
Operating Margin -4509.72 -4144.43 -122.48
EBITDA Margin -4500.76 -4140.59 -122.44
Net Profit Margin -4508.73 -4197.56 -128.49
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2023-12-31 2023-06-30 2022-12-31
ROA -44.41 -24.09 -68.56 -46.57 -82.17 -15.89
ROE -47.74 -26.51 -85.51 -49.38 -95.08 -20.60
Gross Margin 78.25 67.65 66.94 64.77 73.00 73.62
Operating Margin -12924.30 -2296.22 -4842.58 -6962.11 -4780.69 -2298.59
EBITDA Margin -12894.14 -2288.96 -4830.92 -6950.42 -4766.56 -2296.65
Net Profit Margin -12542.35 -2239.74 -4847.83 -6794.86 -4785.74 -2314.12

Dividends

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

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31
Assets 4,222.73 3,631.92 7,432.14
   Current Assets 3,961.14 3,429.89 7,425.46
      Cash and Short-Term Investments 3,479.92 2,948.43 6,993.94
            Cash and Cash Equivalents 574.49 580.23 162.74
            Short-Term Investments 2,905.44 2,368.20 6,831.19
      Net Receivables 13.04 9.37 4.88
      Inventory 174.58 156.42 154.37
      Other Current Assets 293.60 315.67 272.28
   Non-Current Assets 261.59 202.02 6.67
      Property, Plant, Equipment Net 0 3.18 6.67
      Goodwill 0 0 0
      Intangible Assets 260.73 105.53 0
      Long-Term Investments 0.86 96.00 0
      Non-Current Deferred Assets 0 0 0
      Other Non-Current Assets 0.00 -2.68 0.00
Liabilities 546.69 425.28 1,953.45
   Current Liabilities 546.69 425.28 1,948.99
      Payables and Expenses 546.69 420.82 1,198.19
            Account Payables 155.95 159.53 658.37
            Current Accrued Liabilities 390.75 261.28 539.82
      Short-Term Debt 0 4.46 550.80
      Other Current Liabilities 0.00 0.00 200.00
   Non-Current Liabilities 0.00 0.00 4.46
      Long-Term Debt 0 0 4.46
      Other Non-Current Liabilities 0 0 0.00
Equity 3,676.04 3,206.64 5,478.69
   Shareholders Equity 3,676.04 3,206.64 5,478.69
      Capital Stock 13.30 7.44 7.29
      Share Premium 88,308.48 80,237.65 77,824.43
      Retained Earnings -84,645.23 -77,038.05 -72,389.34
      Treasury Shares 0 0 0
      Accumulated Other Comprehensive Income -0.51 -0.41 36.31
   Minority Interest 0 0 0
Investments 2,906.30 2,464.20 6,831.19
Debt 0 4.46 555.26
Common Shares Outstanding 13,303.52 7,436.56 7,286.56
Breakdown 2024-12-31 2023-12-31 2022-12-31
Revenues 168.72 110.75 1,321.36
Cost Of Revenue 36.59 25.69 363.21
Gross Profit 132.13 85.06 958.14
Operating Expenses 7,886.77 5,781.36 2,791.18
   Selling, General and Administrative Expenses 5,195.80 4,393.44 2,097.07
   Research and Development Expenses 3,131.77 1,922.00 511.00
   Other Operating Expenses -440.80 -534.08 183.11
Operating Income -7,754.65 -5,696.30 -1,833.03
Net Non-Operating Income 142.61 1,047.59 135.22
Interest Income 0.00 0 0
Interest Expense 3.19 58.84 79.38
Net Interest -3.19 0 0
EBT -7,612.03 -4,648.71 -1,697.82
Income Tax 0.00 0.00 0.00
Net Income Including Non-Controlling Interests -7,607.18 0 0
Net Income Non-Controlling Interests 0.00 0 0
Net Income -7,607.18 -4,648.71 -1,697.82
EBIT -7,608.84 -4,589.87 -1,618.43
Deprecation and Amortization 15.11 4.25 0.54
EBITDA -7,593.73 -4,585.62 -1,617.90
EPS -0.00 -0.00 0
Diluted EPS -0.00 -0.00 0
Average Shares Outstanding Basic 9,215.77 7,357.03 0
Average Shares Outstanding Diluted 9,215.77 7,357.03 0
Breakdown 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow -3,944.39 -3,835.38 -2,215.70
   Operating Net Income -7,607.18 -4,648.71 -1,697.82
   Deprecation and Amortization 15.11 4.25 0.54
   Deferred Income Tax 0 0 0
   Share Based Compensation 3,560.51 2,413.38 270.67
   Change in Working Capital -118.35 -508.86 -634.07
   Other Operating Activities 205.52 -1,095.44 -155.02
Investing Cash Flow -577.54 4,452.87 -6,794.88
   Capital Expenditure -116.81 -98.97 0.00
   Net Purchase/Sale of PPE -116.81 -98.97 0
   Net Purchase/Sale of Investments Net 0 0 -6,794.88
   Net Purchase/Sale of Business 0 -96.00 0
   Other Investing Activities -343.92 4,746.81 0.00
Financing Cash Flow 4,516.18 -200.00 8,511.54
   Net Issuance/Repayment of Debt 0 0 0
   Net Issuance/Repurchase of Equity 4,516.18 0 8,548.74
   Dividends Paid 0 0 0
   Other Financing Activities 0.00 -200.00 -37.20
Net Change in Cash -5.75 417.49 -499.04
   Cash at Beginning of Period 580.23 162.74 661.78
   Cash at End of Period 574.49 580.23 162.74
Free Cash Flow -4,061.20 -3,934.35 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2023-12-31 2023-06-30 2022-12-31
Assets 5,125.94 6,563.98 2,900.11 4,222.73 5,257.18 1,563.13 3,631.92 5,175.62 7,432.14
   Current Assets 4,817.38 6,269.11 2,620.59 3,961.14 4,907.59 1,182.14 3,429.89 5,111.88 7,425.46
      Cash and Short-Term Investments 4,352.68 5,792.78 2,051.08 3,479.92 4,593.62 848.80 2,948.43 4,696.64 6,993.94
            Cash and Cash Equivalents 590.08 431.32 622.03 574.49 81.42 848.80 580.23 231.72 162.74
            Short-Term Investments 3,762.60 5,361.47 1,429.05 2,905.44 4,512.20 0 2,368.20 4,464.92 6,831.19
      Net Receivables 7.92 59.84 14.48 13.04 15.17 11.72 9.37 14.32 4.88
      Inventory 160.22 172.97 175.25 174.58 158.38 145.14 156.42 160.01 154.37
      Other Current Assets 296.55 243.51 379.78 293.60 140.43 176.49 315.67 240.91 272.28
   Non-Current Assets 308.56 294.87 279.52 261.59 349.59 380.98 202.02 63.74 6.67
      Property, Plant, Equipment Net 0 0 0 0 0 0 3.18 3.63 6.67
      Goodwill 0 0 0 0 0 0 0 0 0
      Intangible Assets 308.56 294.87 279.52 260.73 248.94 226.08 105.53 61.46 0
      Long-Term Investments 0 0 0 0.86 100.65 100.49 96.00 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 0 0 0.00 0.00 0.00 54.41 -2.68 -1.35 0.00
Liabilities 357.52 600.58 574.74 546.69 299.39 212.10 425.28 1,182.62 1,953.45
   Current Liabilities 357.52 600.58 574.74 546.69 299.39 212.10 425.28 1,182.62 1,948.99
      Payables and Expenses 151.52 372.58 574.74 546.69 299.39 212.10 420.82 652.13 1,198.19
            Account Payables 64.58 232.81 181.39 155.95 166.54 87.14 159.53 48.50 658.37
            Current Accrued Liabilities 84.03 132.00 393.34 390.75 132.85 124.97 261.28 603.63 539.82
      Short-Term Debt 0 0 0 0 0 0 4.46 530.49 550.80
      Other Current Liabilities 206.00 228.00 0.00 0.00 0.00 0.00 0.00 0.00 200.00
   Non-Current Liabilities 0 0 0.00 0.00 0 0.00 0.00 0.00 4.46
      Long-Term Debt 0 0 0 0 0 0 0 0 4.46
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0.00
Equity 4,768.42 5,963.40 2,325.38 3,676.04 4,957.79 1,351.02 3,206.64 3,993.00 5,478.69
   Shareholders Equity 4,768.42 5,963.40 2,325.38 3,676.04 4,957.79 1,351.02 3,206.64 3,993.00 5,478.69
      Capital Stock 18.19 17.42 13.33 13.30 12.86 7.59 7.44 7.29 7.29
      Share Premium 95,241.72 94,159.71 88,945.30 88,308.48 86,757.21 80,707.13 80,237.65 77,912.82 77,824.43
      Retained Earnings -90,490.87 -88,214.55 -86,633.57 -84,645.23 -81,811.96 -79,363.70 -77,038.05 -73,960.19 -72,389.34
      Treasury Shares 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -0.63 0.83 0.32 -0.51 -0.33 0 -0.41 33.09 36.31
   Minority Interest 0 0 0 0 0 0 0 0 0
Investments 0 0 1,429.05 2,906.30 0 100.49 2,464.20 4,464.92 6,831.19
Debt 0 0 0 0 0 0 4.46 530.49 555.26
Common Shares Outstanding 18,189.61 17,417.93 13,327.93 13,303.52 12,861.60 7,586.56 7,436.56 7,286.56 7,286.56
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2023-06-30
Revenues 18.15 70.59 41.02 36.03 26.84 35.54
Cost Of Revenue 3.95 22.84 13.56 12.69 7.25 9.37
Interest Income 0 4.69 0.00 0 0 0
Interest Expense 0 0 1.10 0 0.07 5.52
Net Interest 0 0 -1.10 0 0 -5.52
Non-Interest Expense 2,133.31 1,442.83 0 2,353.29 0 0
Gross Profit 14.20 47.75 27.46 23.34 19.59 26.17
Operating Expenses 2,359.83 1,668.61 2,038.68 2,531.85 1,316.61 903.03
   Selling, General and Administrative Expenses 2,133.31 1,442.83 1,297.04 2,353.29 1,009.13 599.69
   Research and Development Expenses 226.52 225.77 406.29 178.56 169.41 146.00
   Other Operating Expenses 0 0 335.36 0 138.07 157.33
Operating Income -2,345.63 -1,620.86 -2,011.22 -2,508.52 -1,297.02 -876.86
Net Non-Operating Income 20.26 2.74 23.94 2.85 13.82 54.42
EBT -2,276.31 -1,580.99 -1,987.29 -2,448.42 -1,283.20 -822.44
Income Tax 0 0 0.00 0 0.00 0.00
Net Income Including Non-Controlling Interests -2,276.31 -1,580.99 -1,988.34 -2,448.26 -1,284.49 -822.44
Net Income Non-Controlling Interests 0 0 0.00 0 0.00 0.00
Net Income -2,276.31 -1,580.99 -1,988.34 -2,448.26 -1,284.49 -822.44
EBIT -2,345.63 -1,620.86 -1,986.19 -2,508.52 -1,283.14 -816.92
Deprecation and Amortization 5.47 5.13 4.79 4.21 3.79 0.69
EBITDA -2,340.16 -1,615.73 -1,981.40 -2,504.30 -1,279.34 -816.23
EPS -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
Average Shares Outstanding Basic 17,793.83 15,718.15 13,307.32 10,847.48 7,497.55 7,286.56
Average Shares Outstanding Diluted 17,793.83 15,718.15 13,307.32 10,847.48 7,497.55 7,286.56
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2023-06-30
Operating Cash Flow -1,466.26 -917.16 -1,426.21 -800.21 0 0
   Operating Net Income -2,276.31 -1,580.99 -1,988.34 -2,448.26 -1,284.49 -822.44
   Deprecation and Amortization 5.47 5.13 4.79 4.21 3.79 0.69
   Deferred Income Tax 0 0 0 0 0 0
   Share Based Compensation 1,082.79 572.10 636.84 1,539.17 0 0
   Change in Working Capital -231.44 119.03 -60.25 161.07 0 0
   Other Operating Activities -46.77 -32.44 -19.25 -56.41 0 0
Investing Cash Flow 1,625.01 -3,919.94 1,473.76 -4,483.35 0 0
   Capital Expenditure 0 0 -20.54 0 0.00 0.00
   Net Purchase/Sale of PPE 0 0 -20.54 0 0 0
   Net Purchase/Sale of Investments Net 1,644.18 -3,899.46 0 -4,456.27 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0
   Other Investing Activities -19.16 -20.48 1,514.84 -27.08 0 0
Financing Cash Flow 0 0 0 4,516.18 0 0
   Net Issuance/Repayment of Debt 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 0 4,516.18 0 0
   Dividends Paid 0 0 0 0 0 0
   Other Financing Activities 0 0 0 0.00 0 0
Net Change in Cash 158.75 -190.71 47.54 -767.38 0 0
   Cash at Beginning of Period 431.32 622.03 574.49 848.80 0 0
   Cash at End of Period 590.08 431.32 622.03 81.42 848.80 231.72
Free Cash Flow -1,485.42 -937.64 -1,446.75 -827.29 0 0