Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-08-31
Price to Earnings -5.04 16.50 12.80 -25.23
Price to Sales 69.58 173.59 207.38
Book Value Per Common Share 3.66 4.06 3.84 3.28
Price to Book 0.66 0.57 3.14 6.00
Price to Operating Cash Flow -11.75 -9.04 -16.80 -26.45
Price to Free Cash Flow -11.72 -8.83 -16.51 -25.99
Enterprise Value to EBITDA 127279.82
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31
Price to Earnings 2.28 7.03 -11.26 -5.08 73.00 27.25 32.04
Price to Sales 44.12 131.33 502.91
Book Value Per Common Share 5.10 3.78 3.45 3.66 3.89 4.11 4.06 3.78 3.84 4.21
Price to Book 0.52 0.59 0.62 0.66 0.63 0.71 0.57 0.58 3.14 2.05
Price to Operating Cash Flow -67.87 -26.56 -25.06 -14.06 -80.89 -15.73 -36.67
Price to Free Cash Flow -29.37 -26.53 -25.06 -14.04 -80.66 -15.18 -36.48
Enterprise Value to EBITDA 17683.66 69805.34 426494.49

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-08-31
Earning YoY -85.11
Revenue YoY -50.43 0.00
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31
Earning YoY 262.50 -50.00 -70.37
Revenue YoY 0.00
EBITDA YoY 351.85
Net Profit YoY 264.20

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-08-31
Cash Per Common Share 2.12 1.66 1.13 3.31
Quick Ratio
Current Ratio 25.19 3.06 27.34 14.27
Debt to Equity 0.07 0.35 0.07 0.10
Long-Term Debt to Equity 0.03 0.03 0.03 0.04
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31
Cash Per Common Share 3.23 2.35 2.52 2.17 3.48 2.36 1.66 0.66 1.12 0.91
Quick Ratio
Current Ratio 22.25 26.81 23.94 25.19 27.08 5.28 3.06 31.21 27.34 22.70
Debt to Equity 0.09 0.05 0.05 0.07 0.06 0.23 0.35 0.06 0.07 0.06
Long-Term Debt to Equity 0.06 0.03 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.02

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-08-31
ROA -12.30 2.51 -22.62 -17.37
ROE -13.14 3.39 -24.19 -19.09
Gross Margin
Operating Margin 531.72 -896.15
EBITDA Margin 546.34 -893.30
Net Profit Margin 412.31 -1352.61 -822.72
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31
ROA 21.95 8.22 -5.18 -11.88 0.75 -2.12 -6.05
ROE 23.92 8.65 -5.46 -12.61 0.93 -2.26 -6.43
Gross Margin 0.65
Operating Margin -352.90
EBITDA Margin -351.40
Net Profit Margin -382.10 -509.76 -1565.32

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-08-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-08-31
Assets 155,278.00 220,551.00 161,642.00 127,999.00
   Current Assets 143,221.00 162,584.00 157,109.00 95,337.00
   Deposits 55,281.00 95,279.00 111,513.00 0
      Cash and Short-Term Investments 86,649.00 66,768.00 44,207.00 94,140.00
            Cash and Cash Equivalents 54,420.00 9,055.00 40,464.00 77,245.00
            Short-Term Investments 32,229.00 57,713.00 3,743.00 16,895.00
      Net Receivables 0 0 0 0
      Inventory 0 0 0 0
      Other Current Assets 56,572.00 95,816.00 112,902.00 1,197.00
   Non-Current Assets 12,057.00 57,967.00 4,533.00 32,662.00
      Property, Plant, Equipment Net 1,112.00 1,567.00 1,802.00 932.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 1,807.00 2,700.00 6,692.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 10,945.00 54,593.00 31.00 25,038.00
Liabilities 9,931.00 57,658.00 10,486.00 11,482.00
   Current Liabilities 5,685.00 53,214.00 5,746.00 6,679.00
      Payables and Expenses 5,140.00 1,609.00 4,158.00 3,846.00
            Account Payables 789.00 0 0 2,606.00
            Current Accrued Liabilities 740.00 453.00 5.00 1,186.00
      Short-Term Debt 545.00 51,605.00 247.00 130.00
      Other Current Liabilities 0.00 0.00 1,341.00 2,703.00
   Non-Current Liabilities 4,246.00 4,444.00 4,740.00 4,803.00
      Long-Term Debt 156.00 342.00 647.00 403.00
      Other Non-Current Liabilities 4,090.00 4,102.00 4,093.00 4,400.00
Equity 145,347.00 162,893.00 151,156.00 116,517.00
   Shareholders Equity 146,265.00 163,821.00 151,812.00 115,773.00
      Capital Stock 480.00 485.00 476.00 424.00
      Share Premium 322,401.00 320,892.00 314,417.00 230,201.00
      Retained Earnings -176,616.00 -157,556.00 -163,081.00 -114,852.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0
   Minority Interest -918.00 -928.00 -656.00 744.00
Investments 32,229.00 59,520.00 6,443.00 0
Debt 701.00 51,947.00 894.00 533.00
Common Shares Outstanding 39,919.54 40,338.98 39,563.89 35,293.89
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-08-31
Revenues 0 1,340.00 2,703.00 2,703.00
Interest Income 4,981.00 10,053.00 0 347.00
Interest Expense 853.00 2,037.00 0.00 0
Net Interest 4,128.00 8,016.00 3,473.00 0
Non-Interest Expense 0 0 0 5,937.00
Operating Expenses 12,781.00 0 0 26,926.00
   Selling, General and Administrative Expenses 6,457.00 8,425.00 15,662.00 5,937.00
   Research and Development Expenses 6,324.00 8,971.00 27,639.00 20,989.00
   Other Operating Expenses 0.00 0 0 0
Operating Income -12,781.00 -15,769.00 -40,598.00 -24,223.00
Net Non-Operating Income -3,139.00 20,857.00 0 0
EBT -15,920.00 5,088.00 0 -22,989.00
Income Tax 3,183.00 0.00 100.00 0
Net Income Including Non-Controlling Interests -19,060.00 5,088.00 -37,764.00 -22,989.00
Net Income Non-Controlling Interests -43.00 437.00 1,203.00 751.00
Net Income -19,103.00 5,525.00 -36,561.00 -22,238.00
EBIT -15,067.00 7,125.00 0 -24,223.00
Deprecation and Amortization 193.00 196.00 58.00 77.00
EBITDA -14,874.00 7,321.00 0 -24,146.00
EPS -0.00 0.00 0.00 -0.00
Diluted EPS -0.00 0.00 0.00 -0.00
Average Shares Outstanding Basic 40,828.38 40,315.07 38,997.65 28,469.07
Average Shares Outstanding Diluted 40,828.38 40,566.90 38,997.65 28,469.07
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-08-31
Operating Cash Flow -8,412.00 -10,295.00 -27,918.00 -21,181.00
   Operating Net Income -19,103.00 5,088.00 -37,764.00 -22,989.00
   Deprecation and Amortization 193.00 196.00 58.00 77.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 4,053.00 4,212.00 11,509.00 2,695.00
   Change in Working Capital 3,200.00 -2,696.00 -1,211.00 -1,315.00
   Other Operating Activities 3,245.00 -17,095.00 -510.00 351.00
Investing Cash Flow 105,817.00 -73,038.00 30,211.00 -23,764.00
   Capital Expenditure -18.00 -254.00 -496.00 0
   Net Purchase/Sale of PPE -18.00 -254.00 -472.00 -375.00
   Net Purchase/Sale of Investments Net 63,193.00 -96,175.00 6,886.00 -23,388.00
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 42,660.00 23,645.00 24,293.00 -1.00
Financing Cash Flow -52,036.00 51,978.00 10,779.00 102,892.00
   Net Issuance/Repayment of Debt -49,550.00 -50,000.00 5,129.00 0
   Net Issuance/Repurchase of Equity 2,484.00 2,428.00 10,617.00 79,983.00
   Dividends Paid 0 0 0 0
   Other Financing Activities -4,970.00 99,550.00 -4,967.00 0
Net Change in Cash 45,365.00 -31,409.00 13,008.00 57,947.00
   Cash at Beginning of Period 9,055.00 40,464.00 27,456.00 19,296.00
   Cash at End of Period 54,420.00 9,055.00 40,464.00 77,245.00
Free Cash Flow -8,430.00 -10,549.00 -28,414.00 -21,556.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31
Assets 220,493.00 161,684.00 147,539.00 155,278.00 165,081.00 203,652.00 220,551.00 159,780.00 161,642.00 172,224.00
   Current Assets 136,117.00 99,026.00 131,476.00 143,221.00 142,774.00 177,095.00 162,584.00 155,157.00 157,109.00 143,562.00
   Deposits 0 0 26,701.00 55,281.00 0 80,285.00 95,279.00 127,363.00 111,513.00 106,368.00
      Cash and Short-Term Investments 134,687.00 97,940.00 103,943.00 86,649.00 142,300.00 96,309.00 66,768.00 26,371.00 44,207.00 35,242.00
            Cash and Cash Equivalents 52,179.00 15,797.00 74,516.00 54,420.00 42,104.00 18,576.00 9,055.00 24,104.00 40,464.00 27,967.00
            Short-Term Investments 82,508.00 82,143.00 29,427.00 32,229.00 100,196.00 77,733.00 57,713.00 2,267.00 3,743.00 7,275.00
      Net Receivables 0 0 0 0 0 0 0 0 0 0
      Inventory 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 1,430.00 1,086.00 27,533.00 56,572.00 474.00 80,786.00 95,816.00 128,786.00 112,902.00 108,320.00
   Non-Current Assets 84,376.00 62,658.00 16,063.00 12,057.00 22,307.00 26,557.00 57,967.00 4,623.00 4,533.00 28,662.00
      Property, Plant, Equipment Net 1,431.00 3,478.00 1,013.00 1,112.00 1,204.00 1,427.00 1,567.00 1,892.00 1,802.00 1,532.00
      Real Estate 2,122.00 0 0 0 0 0 0 0 0 0
      Goodwill 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 79,737.00 56,611.00 8,429.00 0 21,071.00 2,026.00 1,807.00 2,700.00 2,700.00 1,955.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 1,086.00 0 6,621.00 10,945.00 0 23,104.00 54,593.00 31.00 31.00 25,175.00
Liabilities 18,163.00 8,101.00 7,645.00 9,931.00 9,559.00 37,931.00 57,658.00 9,632.00 10,486.00 10,001.00
   Current Liabilities 6,119.00 3,693.00 5,492.00 5,685.00 5,273.00 33,556.00 53,214.00 4,972.00 5,746.00 6,324.00
      Payables and Expenses 4,862.00 2,193.00 5,275.00 5,140.00 5,030.00 1,267.00 1,609.00 4,055.00 4,158.00 3,310.00
            Account Payables 560.00 715.00 509.00 789.00 4,995.00 0 0 0 0 0
            Current Accrued Liabilities 818.00 1,100.00 3,788.00 740.00 0 0 453.00 0 5.00 0
      Short-Term Debt 271.00 264.00 217.00 545.00 243.00 32,289.00 51,605.00 243.00 247.00 237.00
      Other Current Liabilities 986.00 1,236.00 0.00 0.00 0.00 0.00 0.00 674.00 1,341.00 2,777.00
   Non-Current Liabilities 12,044.00 4,408.00 2,153.00 4,246.00 4,286.00 4,375.00 4,444.00 4,660.00 4,740.00 3,677.00
      Long-Term Debt 589.00 648.00 120.00 156.00 186.00 272.00 342.00 564.00 647.00 871.00
      Other Non-Current Liabilities 11,455.00 3,760.00 2,033.00 4,090.00 4,100.00 4,103.00 4,102.00 4,096.00 4,093.00 2,806.00
Equity 202,330.00 153,583.00 139,894.00 145,347.00 155,522.00 165,721.00 162,893.00 150,148.00 151,156.00 162,223.00
   Shareholders Equity 203,282.00 154,529.00 140,812.00 146,265.00 156,441.00 166,639.00 163,821.00 150,970.00 151,812.00 162,349.00
      Capital Stock 490.00 491.00 491.00 480.00 484.00 487.00 485.00 481.00 476.00 463.00
      Share Premium 325,367.00 325,008.00 324,579.00 322,401.00 322,384.00 322,172.00 320,892.00 316,965.00 314,417.00 298,831.00
      Retained Earnings -122,575.00 -170,970.00 -184,258.00 -176,616.00 -166,427.00 -156,020.00 -157,556.00 -166,476.00 -163,081.00 -136,945.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0
   Minority Interest -952.00 -946.00 -918.00 -918.00 -919.00 -918.00 -928.00 -822.00 -656.00 -126.00
Investments 0 0 37,856.00 32,229.00 0 79,759.00 59,520.00 4,967.00 6,443.00 9,230.00
Debt 860.00 912.00 337.00 701.00 429.00 32,561.00 51,947.00 807.00 894.00 1,108.00
Common Shares Outstanding 39,848.23 40,845.09 40,850.46 39,919.54 40,209.57 40,519.16 40,338.98 39,969.98 39,563.89 38,564.02
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-03-31 2022-03-31
Revenues 0 0 2,000.00 0 0 0 0 666.00 666.00
Cost Of Revenue 0 0 1,987.00 0 0 0 0 0 0
Interest Income 0 15,366.00 0 -9,253.00 0 14,234.00 0 0 0
Interest Expense 0 0 0.00 261.00 0 0 592.00 0.00 0.00
Net Interest 0 0 0 4,128.00 0 0 0 0 0
Non-Interest Expense 1,274.00 1,455.00 0 0 847.00 0 0 0 0
Gross Profit 0 0 13.00 0 0 0 0 0 0
Operating Expenses 2,427.00 2,489.00 4,513.00 6,730.00 3,089.00 0 2,962.00 0 143.00
   Selling, General and Administrative Expenses 1,274.00 1,455.00 2,307.00 3,827.00 847.00 0 1,783.00 1,447.00 6,082.00
   Research and Development Expenses 1,153.00 1,034.00 2,206.00 2,903.00 2,242.00 0 1,179.00 4,427.00 5,836.00
   Other Operating Expenses 0 0 0.00 0.00 0 0 0.00 0 -11,775.00
Operating Income -2,427.00 -2,489.00 -4,500.00 -6,730.00 -3,089.00 0 -2,962.00 -5,208.00 -11,252.00
Net Non-Operating Income 408.00 257.00 -2,558.00 -8,227.00 0 0 5,088.00 0 0
EBT 59,451.00 13,134.00 -7,058.00 463.00 -18,509.00 0 2,126.00 0 0
Income Tax 11,062.00 -126.00 584.00 2,050.00 1,133.00 0 0.00 0.00 0.00
Net Income Including Non-Controlling Interests 48,389.00 13,260.00 -7,642.00 -952.00 -19,642.00 0 1,534.00 -3,611.00 -10,708.00
Net Income Non-Controlling Interests 6.00 28.00 0.00 -68.00 23.00 0 2.00 216.00 283.00
Net Income 48,395.00 13,288.00 -7,642.00 -1,020.00 -19,619.00 0 1,536.00 -3,395.00 -10,425.00
EBIT 59,451.00 13,134.00 -7,058.00 724.00 -18,509.00 0 2,718.00 0 0
Deprecation and Amortization 31.00 30.00 30.00 85.00 52.00 0 56.00 37.00 11.00
EBITDA 59,482.00 13,164.00 -7,028.00 809.00 -18,457.00 0 2,774.00 0 0
EPS 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
Average Shares Outstanding Basic 41,756.30 41,743.49 41,228.78 40,620.96 40,896.85 40,959.76 40,835.95 40,041.26 38,679.62
Average Shares Outstanding Diluted 42,774.50 42,609.43 41,228.78 39,261.66 40,896.85 41,591.01 41,564.01 40,041.26 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow -1,625.00 -3,535.00 -3,519.00 -7,101.00 -1,476.00 -5,549.00 -9,125.00
   Operating Net Income 48,389.00 13,260.00 -7,642.00 -19,642.00 1,534.00 -3,611.00 -10,708.00
   Deprecation and Amortization 31.00 30.00 30.00 52.00 56.00 37.00 11.00
   Deferred Income Tax 0 0 0 0 0 0 0
   Share Based Compensation 719.00 800.00 2,189.00 301.00 1,294.00 173.00 0
   Change in Working Capital 1,657.00 -2,639.00 -1,574.00 1,629.00 -626.00 -782.00 -1,817.00
   Other Operating Activities -52,421.00 -14,986.00 3,478.00 10,559.00 -3,734.00 -1,366.00 3,389.00
Investing Cash Flow 38,364.00 -54,853.00 23,616.00 -34,260.00 29,998.00 -13,203.00 7,359.00
   Capital Expenditure 0 0 -3.00 0 -2.00 -199.00 -47.00
   Net Purchase/Sale of PPE -2,128.00 -4.00 -3.00 -5.00 -2.00 -199.00 -47.00
   Net Purchase/Sale of Investments Net 35,734.00 -54,800.00 -317.00 -34,255.00 0 1,496.00 2,406.00
   Net Purchase/Sale of Business 0 0 -250.00 0 0 0 0
   Net Loan & Lease Activity 0 0 0 0
   Other Investing Activities 4,758.00 -49.00 31,189.00 0.00 30,002.00 -14,301.00 5,047.00
Financing Cash Flow -361.00 -371.00 0 -1,291.00 -19,000.00 2,430.00 2,292.00
   Net Issuance/Repayment of Debt 0 0 22,382.00 0 -19,000.00 26.25 0
   Net Issuance/Repurchase of Equity -361.00 0 0 -1,291.00 0 0 10,617.00
   Dividends Paid 0 0 0 0 0 0 0
   Other Financing Activities 0.00 0 0 0.00 0.00 2,403.75 -8,325.00
Net Change in Cash 36,378.00 -58,759.00 20,096.00 -42,652.00 9,521.00 -16,360.00 511.00
   Cash at Beginning of Period 15,797.00 74,516.00 54,420.00 84,753.00 9,055.00 40,464.00 27,456.00
   Cash at End of Period 52,179.00 15,797.00 74,516.00 42,104.00 18,576.00 24,104.00 27,967.00
Free Cash Flow -3,753.00 -3,539.00 -3,522.00 -7,106.00 -1,478.00 -5,748.00 -9,172.00