Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -2.23 -3.29 -3.79 -2.84
Price to Sales
Book Value Per Common Share 0.07 0.37 0.43 0.66
Price to Book 12.22 3.64 3.77 2.12
Price to Operating Cash Flow -2.59 -3.21 -4.05 -3.32
Price to Free Cash Flow -2.57 -3.21 -4.04 -3.27
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -10.00 -11.04 -6.88 -7.26
Price to Sales
Book Value Per Common Share 0.00 0.06 0.08 0.07 0.12
Price to Book 1272.73 12.37 7.32 12.22 7.41
Price to Operating Cash Flow -21.34 -12.86 -7.16 -9.31 -13.89
Price to Free Cash Flow -21.31 -12.86 -7.16 -9.31 -13.78
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
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 0.21 0.52 0.55 0.77
Quick Ratio 2.39 8.24 8.28 15.66
Current Ratio 2.82 9.01 9.05 16.69
Debt to Equity 2.37 0.41 0.41 0.27
Long-Term Debt to Equity 1.26 0.25 0.26 0.20
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 0.12 0.16 0.18 0.20 0.25
Quick Ratio 1.62 2.24 2.67 2.39 2.57
Current Ratio 1.84 2.88 3.21 2.82 2.99
Debt to Equity 129.93 2.28 2.03 2.37 1.68
Long-Term Debt to Equity 63.37 1.20 1.15 1.26 0.83

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -157.08 -71.49 -66.52 -57.33
ROE -530.00 -100.69 -93.71 -72.87
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
ROA -95.64 -30.87 -33.94 -39.71 -39.33
ROE -12521.74 -101.25 -102.97 -134.00 -105.37
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
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 20,187.00 38,820.00 37,334.00 45,880.00
   Current Assets 18,875.00 38,173.00 35,684.00 44,904.00
      Cash and Short-Term Investments 15,942.00 34,912.00 32,138.00 41,262.00
            Cash and Cash Equivalents 15,942.00 34,912.00 11,666.00 41,262.00
            Short-Term Investments 0 0 20,472.00 0
      Net Receivables 68.00 15.00 521.00 866.00
      Inventory 0 0 0 0
      Other Current Assets 2,865.00 3,246.00 3,025.00 2,776.00
   Non-Current Assets 1,312.00 647.00 1,650.00 976.00
      Property, Plant, Equipment Net 1,312.00 647.00 652.00 976.00
      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 0
      Other Non-Current Assets 0.00 0.00 998.00 0.00
Liabilities 14,204.00 11,257.00 10,832.00 9,781.00
   Current Liabilities 6,687.00 4,237.00 3,945.00 2,690.00
      Payables and Expenses 4,792.00 3,572.00 3,650.00 1,988.00
            Account Payables 1,087.00 1,082.00 2,252.00 594.00
            Current Accrued Liabilities 3,705.00 2,490.00 1,398.00 1,394.00
      Short-Term Debt 277.00 133.00 216.00 294.00
      Other Current Liabilities 1,618.00 532.00 79.00 408.00
   Non-Current Liabilities 7,517.00 7,020.00 6,887.00 7,091.00
      Long-Term Debt 787.00 290.00 157.00 361.00
      Other Non-Current Liabilities 6,730.00 6,730.00 6,730.00 6,730.00
Equity 5,983.00 27,563.00 26,502.00 36,099.00
   Shareholders Equity 5,983.00 27,563.00 26,502.00 36,099.00
      Capital Stock 438,193.00 430,906.00 404,040.00 391,348.00
      Share Premium 44,542.00 42,116.00 40,051.00 34,161.00
      Retained Earnings -477,713.00 -446,003.00 -418,251.00 -393,416.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 961.00 544.00 662.00 388.00
   Minority Interest 0 0 0 0
Debt 1,064.00 423.00 373.00 655.00
Common Shares Outstanding 80,020.13 74,423.96 61,327.91 55,043.79
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Interest Income 1,199.00 1,326.00 528.00 99.00
Non-Interest Expense 12,911.00 15,679.00 11,100.00 12,863.00
Operating Expenses 34,982.00 33,791.00 26,924.00 26,235.00
   Selling, General and Administrative Expenses 12,911.00 15,679.00 11,100.00 12,863.00
   Research and Development Expenses 21,647.00 17,709.00 15,432.00 12,920.00
   Other Operating Expenses 0 0 0 13,314.57
Operating Income -34,982.00 -33,791.00 -26,924.00 -26,235.00
EBT -31,580.00 -27,655.00 -24,751.00 -26,255.00
Income Tax 130.00 97.00 84.00 49.00
Net Income Including Non-Controlling Interests -31,710.00 -27,752.00 -24,835.00 -26,304.00
Net Income -31,710.00 -27,752.00 -24,835.00 -26,304.00
EBIT -34,982.00 -33,791.00 -26,924.00 -26,235.00
Deprecation and Amortization 424.00 403.00 392.00 452.00
EBITDA -34,558.00 -33,388.00 -26,532.00 -25,783.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 76,482.91 67,624.04 58,029.75 53,513.22
Average Shares Outstanding Diluted 76,482.91 67,624.04 58,029.75 53,513.22
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -26,966.00 -28,448.00 -23,355.00 -22,433.00
   Operating Net Income -31,710.00 -27,752.00 -24,835.00 -26,304.00
   Deprecation and Amortization 424.00 403.00 392.00 452.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 2,723.00 2,068.00 2,378.00 3,826.00
   Change in Working Capital 3,538.00 1,765.00 391.00 -908.00
   Other Operating Activities -1,941.00 -4,932.00 -1,681.00 501.00
Investing Cash Flow -239.00 20,222.00 -20,403.00 -286.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -239.00 -8.00 -55.00 -286.00
   Net Purchase/Sale of Investments Net 0 20,230.00 -20,348.00 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 0.00 0.00 0.00 0.00
Financing Cash Flow 6,636.00 31,994.00 12,205.00 33,015.00
   Net Issuance/Repayment of Debt -348.00 -407.00 -381.00 -366.00
   Net Issuance/Repurchase of Equity 6,919.00 31,620.00 12,574.00 32,912.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 65.00 781.00 12.00 469.00
Net Change in Cash -20,569.00 23,768.00 -31,553.00 10,296.00
   Cash at Beginning of Period 34,912.00 11,666.00 41,262.00 31,220.00
   Cash at End of Period 15,942.00 34,912.00 11,666.00 41,262.00
Free Cash Flow -27,205.00 -28,456.00 -23,410.00 -22,719.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 15,057.00 19,974.00 19,702.00 20,187.00 24,262.00
   Current Assets 14,051.00 18,896.00 18,487.00 18,875.00 22,913.00
      Cash and Short-Term Investments 12,352.00 14,626.00 15,303.00 15,942.00 19,598.00
            Cash and Cash Equivalents 12,352.00 14,626.00 15,303.00 15,942.00 19,598.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 54.00 72.00 89.00 68.00 104.00
      Inventory 0 0 0 0 0
      Other Current Assets 1,645.00 4,198.00 3,095.00 2,865.00 3,211.00
   Non-Current Assets 1,006.00 1,078.00 1,215.00 1,312.00 1,349.00
      Property, Plant, Equipment Net 1,006.00 1,078.00 1,215.00 1,312.00 1,349.00
      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 0.00 0.00 0.00 0.00 0.00
Liabilities 14,942.00 13,885.00 13,208.00 14,204.00 15,205.00
   Current Liabilities 7,655.00 6,558.00 5,768.00 6,687.00 7,662.00
      Payables and Expenses 7,178.00 5,285.00 4,948.00 4,792.00 6,922.00
            Account Payables 4,201.00 1,331.00 779.00 1,087.00 3,427.00
            Current Accrued Liabilities 2,977.00 3,954.00 4,169.00 3,705.00 3,495.00
      Short-Term Debt 278.00 291.00 290.00 277.00 251.00
      Other Current Liabilities 199.00 982.00 530.00 1,618.00 489.00
   Non-Current Liabilities 7,287.00 7,327.00 7,440.00 7,517.00 7,543.00
      Long-Term Debt 557.00 597.00 710.00 787.00 813.00
      Other Non-Current Liabilities 6,730.00 6,730.00 6,730.00 6,730.00 6,730.00
Equity 115.00 6,089.00 6,494.00 5,983.00 9,057.00
   Shareholders Equity 115.00 6,089.00 6,494.00 5,983.00 9,057.00
      Capital Stock 458,630.00 451,142.00 445,533.00 438,193.00 434,460.00
      Share Premium 45,661.00 44,792.00 44,403.00 44,542.00 43,640.00
      Retained Earnings -504,965.00 -490,565.00 -484,400.00 -477,713.00 -469,696.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 789.00 720.00 958.00 961.00 653.00
   Minority Interest 0 0 0 0 0
Debt 835.00 888.00 1,000.00 1,064.00 1,064.00
Common Shares Outstanding 103,635.73 97,407.90 86,421.59 80,020.13 77,074.09
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Interest Income 100.00 104.00 123.00 152.00 261.00 0
Non-Interest Expense 6,232.00 2,803.00 2,819.00 3,461.00 3,000.00 0
Operating Expenses 13,840.00 5,706.00 6,999.00 8,437.00 9,899.00 0
   Selling, General and Administrative Expenses 6,232.00 2,803.00 2,819.00 3,461.00 3,000.00 0
   Research and Development Expenses 7,515.00 2,809.00 4,083.00 4,552.00 6,794.00 0
Operating Income -13,840.00 -5,706.00 -6,999.00 -8,437.00 -9,899.00 0
EBT -14,652.00 -6,080.00 -6,687.00 -7,994.00 -9,531.00 0
Income Tax -252.00 85.00 0 23.00 12.00 95.00
Net Income Including Non-Controlling Interests -14,400.00 -6,165.00 -6,687.00 -8,017.00 -9,543.00 0
Net Income -14,400.00 -6,165.00 -6,687.00 -8,017.00 -9,543.00 0
EBIT -13,840.00 -5,706.00 -6,999.00 -8,437.00 -9,899.00 0
Deprecation and Amortization 93.00 94.00 97.00 98.00 105.00 0
EBITDA -13,747.00 -5,612.00 -6,902.00 -8,339.00 -9,794.00 0
EPS -0.00 -0.00 -0.00 0 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 0 -0.00 -0.00
Average Shares Outstanding Basic 101,315.09 90,999.59 84,631.45 0 77,016.85 76,090.41
Average Shares Outstanding Diluted 101,315.09 90,999.59 84,631.45 0 77,016.85 76,090.41
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow -6,651.00 -5,471.00 -6,498.00 -7,846.00 -4,832.00
   Operating Net Income -14,400.00 -6,165.00 -6,687.00 -8,017.00 -9,543.00
   Deprecation and Amortization 93.00 94.00 97.00 98.00 105.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 4,118.00 523.00 1,208.00 1,196.00 445.00
   Change in Working Capital 2,588.00 -216.00 -854.00 -960.00 4,316.00
   Other Operating Activities 950.00 293.00 -262.00 -163.00 -155.00
Investing Cash Flow -7.00 0 0 -6.00 -32.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -7.00 0 0 -6.00 -32.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0 0 0 0.00 0.00
Financing Cash Flow 4,138.00 5,373.00 5,890.00 3,339.00 -173.00
   Net Issuance/Repayment of Debt -101.00 -102.00 -103.00 -100.00 -80.00
   Net Issuance/Repurchase of Equity 4,239.00 5,475.00 5,993.00 3,439.00 -158.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0.00 0.00 0.00 0.00 65.00
Net Change in Cash -2,520.00 -98.00 -608.00 -4,513.00 -5,037.00
   Cash at Beginning of Period 14,626.00 15,303.00 15,942.00 19,598.00 24,850.00
   Cash at End of Period 12,352.00 14,626.00 15,303.00 15,942.00 19,598.00
Free Cash Flow -6,658.00 -5,471.00 -6,498.00 -7,852.00 -4,864.00