Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -5.80 -12.10 -13.85
Price to Sales 13.73 18.00 5.20
Book Value Per Common Share 2.37 2.69 2.96 -1.00
Price to Book 1.50 2.29 1.22
Price to Operating Cash Flow -9.14 262.55 -85.71
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 2021-09-30
Price to Earnings -3.48 -5.44 -14.12 -8.81 -11.72 -28.53 -14.03 -23.95 -61.33
Price to Sales 16.93 22.89 61.07 27.56 33.22 143.77 17.61 20.93 21.57
Book Value Per Common Share 1.93 2.14 2.24 2.37 2.43 2.49 2.57 2.69 2.79 2.87 2.95 2.96 -0.96 -1.00 -0.86 -0.70
Price to Book 0.83 0.81 1.07 1.50 1.74 1.51 2.11 2.29 1.86 1.75 1.25 1.22
Price to Operating Cash Flow -5.66 -8.77 -15.97 -12.00 -12.98 -32.07 45.05 28.27 13.18
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 -22.75 -42.17
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 2021-09-30
Earning YoY
Revenue YoY 27.81 93.81 36.55 200.32 22.95 41.05 -71.36
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.58 0.87 1.03 0.01
Quick Ratio 4.29 3.93 4.56
Current Ratio 4.52 4.11 4.80 2.13
Debt to Equity 0.13 0.19 0.23 0.04
Long-Term Debt to Equity 0.08 0.12 0.16 0.04
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 2021-09-30
Cash Per Common Share 0.55 0.39 0.41 0.49 0.58 0.57 0.68 0.74 0.97 1.04 1.15 0.77 0.00 0.01 0.02 0.02
Quick Ratio 4.71 3.51 4.39 4.29 4.37 4.53 4.17 3.93 4.10 4.61 5.32 4.56
Current Ratio 5.00 3.77 4.70 4.52 4.63 4.76 4.38 4.11 4.26 4.78 5.59 4.80 0.04 0.10 0.20 12.95
Debt to Equity 0.12 0.13 0.12 0.13 0.14 0.15 0.17 0.19 0.21 0.21 0.21 0.23 0.06 0.07 0.06 0.04
Long-Term Debt to Equity 0.07 0.08 0.08 0.08 0.09 0.10 0.11 0.12 0.13 0.14 0.15 0.16 0.02 0.04 0.04 0.04

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -19.05 -13.49 2.67 -0.22
ROE -21.57 -16.09 3.30 -0.23
Gross Margin
Operating Margin -270.59 -188.39 -44.11
EBITDA Margin -175.55 -121.25 -13.22
Net Profit Margin -235.05 -148.16 19.05
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 2021-09-30
ROA -16.34 -11.52 -5.94 -14.77 -9.66 -5.38 -9.34 -5.14 -1.48 -3.56 -2.53
ROE -18.24 -13.00 -6.65 -16.78 -11.08 -6.29 -11.27 -6.24 -1.79 -3.79 -2.70
Gross Margin 97.14 96.71
Operating Margin -502.90 -423.08 -440.68 -360.48 -325.07 -567.69 -151.10 -105.98 -42.14
EBITDA Margin -360.42 -300.93 -320.75 -249.73 -219.52 -421.13 -92.43 -57.62 -7.90
Net Profit Margin -491.74 -423.24 -438.13 -314.14 -285.52 -498.84 -124.62 -87.27 -36.05

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 2021-09-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 325,558.00 375,225.00 421,212.00 236,684.51
   Current Assets 68,138.00 94,901.00 124,950.00 934.51
      Cash and Short-Term Investments 59,434.00 86,983.00 88,265.00 189.97
            Cash and Cash Equivalents 27,598.00 16,358.00 33,390.00 189.97
            Short-Term Investments 31,836.00 70,625.00 54,875.00 0
      Net Receivables 5,272.00 3,844.00 30,290.00 0
      Inventory 0 0 0 0
      Other Current Assets 3,432.00 4,074.00 6,395.00 744.54
   Non-Current Assets 257,420.00 280,324.00 296,262.00 235,750.00
      Property, Plant, Equipment Net 33,281.00 38,133.00 41,462.00 0
      Goodwill 83,979.00 83,979.00 83,979.00 0
      Intangible Assets 138,060.00 155,467.00 167,242.00 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 176.00 1,357.00 2,090.00 0
      Other Non-Current Assets 1,924.00 1,388.00 1,489.00 0
Liabilities 37,940.00 60,640.00 79,839.00 8,488.21
   Current Liabilities 15,088.00 23,116.00 26,022.00 438.21
      Payables and Expenses 8,438.00 11,479.00 8,528.00 15.44
            Account Payables 2,297.00 4,411.00 2,971.00 15.44
            Current Accrued Liabilities 6,141.00 7,068.00 5,557.00 0
      Short-Term Debt 3,782.00 3,486.00 1,780.00 0
      Other Current Liabilities 2,868.00 8,151.00 15,714.00 422.77
   Non-Current Liabilities 22,852.00 37,524.00 53,817.00 8,050.00
      Long-Term Debt 19,382.00 22,075.00 24,016.00 0
      Other Non-Current Liabilities 3,470.00 15,449.00 29,801.00 0
Equity 287,618.00 314,585.00 341,373.00 228,196.30
   Shareholders Equity 287,618.00 314,585.00 341,373.00 -15,107.40
      Capital Stock 12.00 12.00 12.00 0.57
      Share Premium 388,979.00 353,890.00 330,100.00 0
      Retained Earnings -101,400.00 -39,367.00 11,252.00 -7,554.27
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 27.00 50.00 9.00 0
   Minority Interest 0 0 0 0
Investments 31,836.00 70,625.00 54,875.00 0
Debt 23,164.00 25,561.00 25,796.00 0
Common Shares Outstanding 121,599.49 116,859.47 115,218.23 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 26,391.00 34,164.00 59,077.00 0
Operating Expenses 100,893.00 103,583.00 85,725.00 0
   Selling, General and Administrative Expenses 30,741.00 33,313.00 24,903.00 0
   Research and Development Expenses 55,110.00 56,525.00 48,364.00 0
   Other Operating Expenses 15,042.00 13,745.00 12,458.00 0
Operating Income -74,502.00 -69,419.00 -26,648.00 0
Net Non-Operating Income 3,091.00 5,056.00 587.00 0
Interest Expense 0.00 0.00 0.00 0.00
Net Interest 3,106.00 5,055.00 587.00 0
EBT -71,411.00 -64,363.00 -26,061.00 0
Income Tax 9,378.00 13,744.00 3,727.00 0.00
Net Income -62,033.00 -50,619.00 11,252.00 -516.44
EBIT -71,411.00 -64,363.00 -26,061.00 0
Deprecation and Amortization 25,081.00 22,938.00 18,249.00 0.00
EBITDA -46,330.00 -41,425.00 -7,812.00 0
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 102,365.00 99,683.00 85,318.00 15,178.57
Average Shares Outstanding Diluted 102,365.00 99,683.00 85,318.00 15,178.57
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -39,664.00 2,347.00 -3,587.00 -1,136.93
   Operating Net Income -186,099.00 -50,619.00 -44,668.00 516.44
   Deprecation and Amortization 25,081.00 22,938.00 18,249.00 0
   Deferred Income Tax -9,040.00 -12,540.00 -6,419.00 0
   Share Based Compensation 21,499.00 24,820.00 18,322.00 0
   Change in Working Capital -11,496.00 -34,851.00 25,645.00 745.43
   Other Operating Activities 120,391.00 52,599.00 -14,716.00 -2,398.79
Investing Cash Flow 37,884.00 -18,376.00 -73,313.00 -235,750.00
   Capital Expenditure 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 1,875.00 1,644.00 17,168.00 0
   Net Purchase/Sale of Investments Net 120,735.00 212,940.00 54,845.00 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities -84,726.00 -232,960.00 -145,326.00 -235,750.00
Financing Cash Flow 13,020.00 -892.00 110,739.00 237,076.90
   Net Issuance/Repayment of Debt 0 0 0 175.00
   Net Issuance/Repurchase of Equity 11,369.00 0 197,971.00 12,375.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 1,651.00 -892.00 -87,232.00 224,526.90
Net Change in Cash 11,240.00 -16,921.00 33,839.00 189.97
   Cash at Beginning of Period 16,918.00 33,839.00 0 0
   Cash at End of Period 28,158.00 16,918.00 33,839.00 189.97
Free Cash Flow 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
Assets 309,690.00 295,674.00 306,182.00 325,558.00 331,554.00 337,263.00 352,556.00 375,225.00 391,708.00 405,239.00 413,041.00 421,212.00 237,612.74 236,790.34 236,900.09 236,684.51 236,992.32
   Current Assets 66,349.00 47,618.00 53,578.00 68,138.00 66,609.00 67,302.00 76,717.00 94,901.00 106,848.00 115,940.00 121,081.00 124,950.00 423.87 692.01 1,098.81 934.51 1,242.32
      Cash and Short-Term Investments 59,500.00 41,615.00 43,595.00 59,434.00 59,381.00 57,227.00 69,007.00 86,983.00 96,628.00 103,149.00 113,605.00 88,265.00 19.85 159.19 434.63 189.97 362.20
            Cash and Cash Equivalents 28,537.00 18,281.00 10,892.00 27,598.00 27,236.00 20,794.00 19,060.00 16,358.00 21,245.00 20,988.00 22,906.00 33,390.00 19.85 159.19 434.63 189.97 362.20
            Short-Term Investments 30,963.00 23,334.00 32,703.00 31,836.00 32,145.00 36,433.00 49,947.00 70,625.00 75,383.00 82,161.00 90,699.00 54,875.00 0 0 0 0 0
      Net Receivables 3,095.00 2,706.00 6,478.00 5,272.00 3,495.00 6,876.00 4,045.00 3,844.00 6,137.00 8,611.00 1,819.00 30,290.00 0 0 0 0 0
      Inventory 443.00 316.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 3,311.00 2,981.00 3,505.00 3,432.00 3,733.00 3,199.00 3,665.00 4,074.00 4,083.00 4,180.00 5,657.00 6,395.00 404.02 532.82 664.18 744.54 880.11
   Non-Current Assets 243,341.00 248,056.00 252,604.00 257,420.00 264,945.00 269,961.00 275,839.00 280,324.00 284,860.00 289,299.00 291,960.00 296,262.00 237,188.88 236,098.33 235,801.29 235,750.00 235,750.00
      Property, Plant, Equipment Net 29,397.00 30,746.00 31,950.00 33,281.00 34,666.00 36,203.00 37,319.00 38,133.00 38,914.00 40,053.00 40,286.00 41,462.00 0 0 0 0 0
      Goodwill 83,979.00 83,979.00 83,979.00 83,979.00 83,979.00 83,979.00 83,979.00 83,979.00 83,979.00 83,979.00 83,979.00 83,979.00 0 0 0 0 0
      Intangible Assets 128,377.00 131,605.00 134,833.00 138,060.00 144,119.00 147,512.00 152,055.00 155,467.00 158,773.00 161,921.00 164,355.00 167,242.00 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
      Non-Current Deferred Assets 0 0 0 176.00 0 0 0 1,357.00 0 0 0 2,090.00 0 0 0 0 0
      Other Non-Current Assets 1,588.00 1,726.00 1,842.00 1,924.00 2,181.00 2,267.00 2,486.00 1,388.00 3,194.00 3,346.00 3,340.00 1,489.00 0 0 0 0 0
Liabilities 32,246.00 33,610.00 32,666.00 37,940.00 39,826.00 43,082.00 51,163.00 60,640.00 67,159.00 71,433.00 72,239.00 79,839.00 14,292.41 15,028.58 13,513.41 8,488.21 8,145.97
   Current Liabilities 13,277.00 12,638.00 11,407.00 15,088.00 14,402.00 14,154.00 17,520.00 23,116.00 25,060.00 24,241.00 21,677.00 26,022.00 10,267.41 6,978.58 5,463.41 438.21 95.97
      Payables and Expenses 7,062.00 6,688.00 5,515.00 8,438.00 7,633.00 7,358.00 7,583.00 11,479.00 9,018.00 7,288.00 6,394.00 8,528.00 6,302.43 4,539.65 370.38 15.44 33.29
            Account Payables 1,908.00 1,977.00 1,933.00 2,297.00 2,187.00 2,809.00 3,556.00 4,411.00 2,501.00 2,359.00 2,485.00 2,971.00 6,302.43 4,539.65 370.38 15.44 33.29
            Current Accrued Liabilities 5,154.00 4,711.00 3,582.00 6,141.00 5,446.00 4,549.00 4,027.00 7,068.00 6,517.00 4,929.00 3,909.00 5,557.00 0 0 0 0 0
      Short-Term Debt 3,861.00 3,844.00 3,813.00 3,782.00 3,751.00 3,557.00 3,516.00 3,486.00 3,452.00 3,417.00 2,440.00 1,780.00 0 0 0 0 0
      Other Current Liabilities 2,354.00 2,106.00 2,079.00 2,868.00 3,018.00 3,239.00 6,421.00 8,151.00 12,590.00 13,536.00 12,843.00 15,714.00 3,964.98 2,438.93 5,093.04 422.77 62.68
   Non-Current Liabilities 18,969.00 20,972.00 21,259.00 22,852.00 25,424.00 28,928.00 33,643.00 37,524.00 42,099.00 47,192.00 50,562.00 53,817.00 4,025.00 8,050.00 8,050.00 8,050.00 8,050.00
      Long-Term Debt 17,208.00 17,939.00 18,666.00 19,382.00 20,088.00 20,775.00 21,418.00 22,075.00 22,724.00 23,100.00 23,418.00 24,016.00 0 0 0 0 0
      Other Non-Current Liabilities 1,761.00 3,033.00 2,593.00 3,470.00 5,336.00 8,153.00 12,225.00 15,449.00 19,375.00 24,092.00 27,144.00 29,801.00 0 0 0 0 0
Equity 277,444.00 262,064.00 273,516.00 287,618.00 291,728.00 294,181.00 301,393.00 314,585.00 324,549.00 333,806.00 340,802.00 341,373.00 223,320.33 221,761.77 223,386.68 228,196.30 228,846.35
   Shareholders Equity 277,444.00 262,064.00 273,516.00 287,618.00 291,728.00 294,181.00 301,393.00 314,585.00 324,549.00 333,806.00 340,802.00 341,373.00 -27,737.08 -28,673.13 -24,726.64 -15,107.40 -13,807.31
      Capital Stock 14.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 0.57 0.57 0.57 0.57 0.57
      Share Premium 429,425.00 397,529.00 393,096.00 388,979.00 379,999.00 366,153.00 359,726.00 353,890.00 349,900.00 343,419.00 335,631.00 330,100.00 0 0 0 0 0
      Retained Earnings -152,000.00 -135,475.00 -119,600.00 -101,400.00 -88,332.00 -71,959.00 -58,328.00 -39,367.00 -25,314.00 -9,576.00 5,152.00 11,252.00 -13,869.11 -14,337.14 -12,363.89 -7,554.27 -6,904.23
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 5.00 -2.00 8.00 27.00 49.00 -25.00 -17.00 50.00 -49.00 -49.00 7.00 9.00 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 30,963.00 23,334.00 32,703.00 31,836.00 32,145.00 36,433.00 49,947.00 70,625.00 75,383.00 82,161.00 90,699.00 54,875.00 0 0 0 0 0
Debt 21,069.00 21,783.00 22,479.00 23,164.00 23,839.00 24,332.00 24,934.00 25,561.00 26,176.00 26,517.00 25,858.00 25,796.00 0 0 0 0 0
Common Shares Outstanding 143,955.40 122,701.29 122,134.94 121,599.49 120,222.55 118,156.33 117,388.79 116,859.47 116,232.00 116,151.72 115,584.52 115,218.23 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 2021-09-30
Revenues 10,290.00 8,051.00 4,154.00 -4,412.00 15,587.00 11,415.00 3,801.00 -35,962.00 29,342.00 23,865.00 16,919.00 59,077.00 0 0 0 0
Cost Of Revenue 294.00 265.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 9,996.00 7,786.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 63,199.00 42,849.00 22,998.00 -49,943.00 74,209.00 50,273.00 26,354.00 -51,107.00 77,555.00 51,763.00 25,372.00 66,759.97 8,744.34 6,399.48 3,821.22 0
   Selling, General and Administrative Expenses 22,376.00 15,599.00 7,915.00 -17,279.00 23,381.00 16,302.00 8,337.00 -17,259.00 25,444.00 16,933.00 8,195.00 24,903.00 0 0 0 0
   Research and Development Expenses 33,845.00 23,466.00 12,602.00 -29,731.00 41,804.00 28,486.00 14,551.00 -26,885.00 41,759.00 27,892.00 13,759.00 48,364.00 0 0 0 0
   Other Operating Expenses 6,978.00 3,784.00 2,481.00 -2,933.00 9,024.00 5,485.00 3,466.00 -6,963.00 10,352.00 6,938.00 3,418.00 -6,507.03 8,744.34 6,399.48 3,821.22 0
Operating Income -53,203.00 -35,063.00 -18,844.00 45,531.00 -58,622.00 -38,858.00 -22,553.00 15,145.00 -48,213.00 -27,898.00 -8,453.00 -7,682.97 -8,744.34 -6,399.48 -3,821.22 0
Net Non-Operating Income 1,455.00 1,001.00 538.00 -2,069.00 2,434.00 1,751.00 975.00 -2,751.00 3,878.00 2,605.00 1,324.00 587.00 0 0 0 0
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
Net Interest 1,435.00 973.00 537.00 -2,080.00 2,451.00 1,760.00 975.00 -2,752.00 3,874.00 2,609.00 1,324.00 587.00 0 0 0 0
EBT -51,748.00 -34,062.00 -18,306.00 43,462.00 -56,188.00 -37,107.00 -21,578.00 12,394.00 -44,335.00 -25,293.00 -7,129.00 -26,061.00 0 0 0 0
Income Tax 1,148.00 13.00 106.00 -4,977.00 7,223.00 4,515.00 2,617.00 481.00 7,769.00 4,465.00 1,029.00 3,727.00 0.00 0.00 0.00 0.00
Net Income -50,600.00 -34,075.00 -18,200.00 38,485.00 -48,965.00 -32,592.00 -18,961.00 12,875.00 -36,566.00 -20,828.00 -6,100.00 25,690.74 -8,452.59 -5,986.16 0 0
EBIT -51,748.00 -34,062.00 -18,306.00 43,462.00 -56,188.00 -37,107.00 -21,578.00 12,394.00 -44,335.00 -25,293.00 -7,129.00 -26,061.00 0 0 0 0
Deprecation and Amortization 14,661.00 9,834.00 4,982.00 -9,801.00 17,262.00 12,049.00 5,571.00 -11,610.00 17,214.00 11,542.00 5,792.00 18,249.00 0.00 0.00 0.00 0.00
EBITDA -37,087.00 -24,228.00 -13,324.00 33,661.00 -38,926.00 -25,058.00 -16,007.00 784.00 -27,121.00 -13,751.00 -1,337.00 -7,812.00 0 0 0 0
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
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 -0.00
Average Shares Outstanding Basic 108,865.00 105,886.00 105,622.00 106,061.00 101,538.00 101,106.00 100,755.00 100,727.00 99,521.00 99,326.00 99,158.00 255,022.00 28,750.00 28,750.00 28,750.00 19,820.67
Average Shares Outstanding Diluted 108,865.00 105,886.00 105,622.00 106,061.00 101,538.00 101,106.00 100,755.00 100,727.00 99,521.00 99,326.00 99,158.00 255,022.00 28,750.00 28,750.00 28,750.00 19,820.67
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 2021-09-30
Operating Cash Flow -30,781.00 -21,018.00 -15,872.00 42,374.00 -35,792.00 -29,214.00 -17,032.00 -54,475.00 11,468.00 17,666.00 27,688.00 -1,630.76 -920.12 -780.78 -255.34 -966.38
   Operating Net Income -50,600.00 -34,075.00 -54,600.00 -85,581.00 -48,965.00 -32,592.00 -18,961.00 12,875.00 -36,566.00 -20,828.00 -6,100.00 -63,467.98 8,452.59 5,986.16 4,361.24 180.55
   Deprecation and Amortization 14,661.00 9,834.00 4,982.00 -9,801.00 17,262.00 12,049.00 5,571.00 -11,610.00 17,214.00 11,542.00 5,792.00 18,249.00 0 0 0 0
   Deferred Income Tax -1,148.00 13.00 -106.00 5,315.00 -7,223.00 -4,515.00 -2,617.00 20.00 -7,467.00 -4,152.00 -941.00 -6,419.00 0 0 0 0
   Share Based Compensation 12,218.00 8,255.00 4,144.00 -11,657.00 16,383.00 11,078.00 5,695.00 -12,713.00 18,894.00 12,584.00 6,055.00 18,322.00 0 0 0 0
   Change in Working Capital -7,156.00 -7,722.00 -4,832.00 17,510.00 -13,129.00 -8,774.00 -7,103.00 56,344.00 -29,298.00 -27,512.00 -34,385.00 13,489.38 7,055.77 5,138.47 -38.62 880.11
   Other Operating Activities 1,244.00 2,677.00 34,540.00 126,588.00 -120.00 -6,460.00 383.00 -99,391.00 48,691.00 46,032.00 57,267.00 18,195.84 -16,428.47 -11,905.40 -4,577.97 -2,027.04
Investing Cash Flow 3,756.00 11,421.00 -878.00 -52,602.00 37,499.00 33,050.00 19,937.00 71,294.00 -23,106.00 -29,392.00 -37,172.00 -73,313.00 0 0 0 -235,750.00
   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
   Net Purchase/Sale of PPE 3,556.00 3,374.00 209.00 -2,557.00 1,829.00 1,677.00 926.00 -1,174.00 1,537.00 1,047.00 234.00 17,168.00 0 0 0 0
   Net Purchase/Sale of Investments Net 78,468.00 45,985.00 19,849.00 -70,921.00 91,066.00 68,497.00 32,093.00 -73,014.00 155,841.00 86,845.00 43,268.00 54,845.00 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -78,268.00 -37,938.00 -20,936.00 20,876.00 -55,396.00 -37,124.00 -13,082.00 145,482.00 -180,484.00 -117,284.00 -80,674.00 -145,326.00 0 0 0 -235,750.00
Financing Cash Flow 27,964.00 280.00 44.00 3,452.00 9,171.00 600.00 -203.00 1,116.00 -396.00 -567.00 -1,045.00 108,739.00 750.00 750.00 500.00 237,078.58
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0 0 0 0 750.00 750.00 500.00 119.28
   Net Issuance/Repurchase of Equity 28,199.00 0 0 2,889.00 8,480.00 0 0 0 0 0 0 197,971.00 0 0 0 12,350.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -235.00 280.00 44.00 563.00 691.00 600.00 -203.00 1,116.00 -396.00 -567.00 -1,045.00 -87,232.00 0.00 0.00 0.00 224,609.31
Net Change in Cash 939.00 -9,317.00 -16,706.00 -6,776.00 10,878.00 4,436.00 2,702.00 17,935.00 -12,034.00 -12,293.00 -10,529.00 33,795.24 -170.12 -30.78 244.66 362.20
   Cash at Beginning of Period 28,158.00 28,158.00 28,158.00 34,934.00 16,918.00 16,918.00 16,918.00 -1,017.00 33,839.00 33,839.00 33,839.00 43.76 189.97 189.97 189.97 0
   Cash at End of Period 29,097.00 18,841.00 11,452.00 28,158.00 27,796.00 21,354.00 19,620.00 16,918.00 21,805.00 21,546.00 23,310.00 33,839.00 19.85 159.19 434.63 362.20
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0