Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -6.33 -1.83 -5.30
Price to Sales 8500.00 80.64 201.33
Book Value Per Common Share 0.27 0.12 0.30 0.68
Price to Book 22.00 8.06 9.99
Price to Operating Cash Flow -15.39 -2.43 -9.00
Price to Free Cash Flow -11.84 -2.25 -7.20
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -55.40 -24.81 47.25 -22.20
Price to Sales 1678.79 1578.79 1718.18 14875.00 44400.00
Book Value Per Common Share 0.73 0.58 0.42 0.27 0.44
Price to Book 7.59 9.00 9.09 22.00 10.18
Price to Operating Cash Flow -179.29 -54.55 -32.64 -52.38 -52.61
Price to Free Cash Flow -156.50 -42.88 -30.86 -35.91 -44.36
Enterprise Value to EBITDA 415588.58

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY -91.11 -15.73 164.35
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 11.16 60.99 474.40 687.84
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.89 0.08 0.25 0.62
Quick Ratio 1.14 0.87 2.47 11.15
Current Ratio 1.15 0.90 2.51 11.33
Debt to Equity 2.37 0.78 0.34 0.09
Long-Term Debt to Equity 0.03 0.06 0.01 0.01
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 1.03 0.90 0.63 0.70 0.64
Quick Ratio 2.29 1.88 1.57 1.14 2.15
Current Ratio 2.30 1.89 1.59 1.15 2.20
Debt to Equity 0.62 0.82 1.00 2.37 0.65
Long-Term Debt to Equity 0.01 0.01 0.02 0.03 0.01

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -81.40 -230.90 -136.69 -57.70
ROE -274.04 -410.98 -183.81 -62.75
Gross Margin
Operating Margin -136609.34 -4336.23 -3796.84 -7319.21
EBITDA Margin -131732.82 -3923.56 -3562.89 -6792.90
Net Profit Margin -136857.18 -4351.30 -3805.84 -7493.59
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA -8.69 -19.25 9.78 -43.44 -25.22
ROE -14.10 -34.97 19.54 -146.26 -41.61
Gross Margin
Operating Margin -3129.10 -6418.79 3822.47 -104118.33 -344913.30
EBITDA Margin -2829.97 -6123.48 4258.34 -102481.24 -330640.43
Net Profit Margin -3139.63 -6430.30 3802.81 -104227.19 -345740.49

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 69,652.45 8,777.42 15,390.45 27,153.98
   Current Assets 55,482.03 3,169.74 9,568.19 21,789.13
      Cash and Short-Term Investments 53,816.57 3,019.07 9,229.84 21,308.60
            Cash and Cash Equivalents 37,143.76 3,019.07 9,229.84 14,941.77
            Short-Term Investments 16,672.81 0 0 6,366.83
      Net Receivables 1,407.21 57.20 191.16 141.57
      Inventory 0 0 0 0
      Other Current Assets 0 0 0 338.95
   Non-Current Assets 14,170.42 5,607.67 5,822.26 5,364.85
      Property, Plant, Equipment Net 13,455.82 5,105.62 5,311.55 3,391.12
      Goodwill 0 0 0 0
      Intangible Assets 606.71 502.06 510.70 528.48
      Long-Term Investments 0 0 0 1,445.25
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 0 0 0 0.00
Liabilities 48,963.56 3,846.00 3,945.41 2,182.23
   Current Liabilities 48,336.94 3,538.86 3,817.09 1,923.96
      Payables and Expenses 5,970.54 2,301.46 3,362.43 1,791.22
            Account Payables 5,269.43 1,370.66 2,723.53 987.50
            Current Accrued Liabilities 701.11 930.80 638.90 803.72
      Short-Term Debt 6,615.79 235.14 180.47 132.73
      Other Current Liabilities 35,750.61 1,002.26 274.19 0.00
   Non-Current Liabilities 626.62 307.14 128.31 258.27
      Long-Term Debt 626.62 307.14 128.31 258.27
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00
Equity 20,688.89 4,931.42 11,445.05 24,971.75
   Shareholders Equity 20,688.89 4,931.42 11,445.05 24,971.75
      Capital Stock 223,742.33 165,705.42 151,206.54 147,729.85
      Share Premium 58,724.75 55,447.96 51,016.81 46,954.33
      Retained Earnings -270,986.85 -214,291.02 -194,023.66 -172,986.97
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -1,949.09 -2,601.06 -2,660.28 -2,053.92
   Minority Interest 0 0 0 0
Debt 7,242.42 542.28 308.78 391.01
Common Shares Outstanding 76,507.16 42,488.04 37,841.95 36,494.23
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 41.43 465.78 552.75 209.10
Interest Expense 102.67 70.18 49.74 364.62
Non-Interest Expense 10,249.43 8,873.01 8,223.11 7,955.01
Operating Expenses 23,604.26 20,873.08 20,263.01 17,220.66
   Selling, General and Administrative Expenses 10,249.43 8,873.01 8,223.11 7,955.01
   Research and Development Expenses 11,334.64 10,077.93 10,746.74 8,165.13
Operating Income -23,562.84 -20,407.31 -19,710.27 -17,011.56
Net Non-Operating Income 947.96 234.99 188.32 75.08
EBT -56,695.82 -20,267.37 -21,036.69 -15,669.09
Income Tax 0 0 0 0
Net Income Including Non-Controlling Interests -56,695.82 -20,267.37 -21,036.69 -15,669.09
Net Income -56,695.82 -20,267.37 -21,036.69 -15,669.09
EBIT -56,593.15 -20,197.18 -20,986.95 -15,304.47
Deprecation and Amortization 2,020.19 1,922.16 1,293.16 1,100.52
EBITDA -54,572.96 -18,275.02 -19,693.79 -14,203.95
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 60,246.65 40,099.75 36,739.86 34,545.75
Average Shares Outstanding Diluted 60,246.65 40,099.75 36,739.86 34,545.75
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -23,291.31 -15,407.46 -12,325.91 -11,233.29
   Operating Net Income -56,695.82 -20,267.37 -21,036.69 -15,669.09
   Deprecation and Amortization 2,020.19 1,922.16 1,293.16 1,100.52
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 5,469.37 4,201.44 4,436.60 4,534.37
   Change in Working Capital -1,632.80 -1,342.18 1,426.24 205.25
   Other Operating Activities 0 0 0 -1,404.34
Investing Cash Flow -23,661.58 -1,247.06 3,292.79 -7,297.71
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -6,781.72 -1,167.95 -3,011.56 -771.52
   Net Purchase/Sale of Investments Net -16,780.70 0 6,366.83 -6,366.83
   Net Purchase/Sale of Business 97.83 0 0 0
   Other Investing Activities -197.00 -79.11 -62.48 -159.36
Financing Cash Flow 81,898.33 10,195.50 3,435.20 26,553.68
   Net Issuance/Repayment of Debt -277.85 -252.10 -204.52 -237.63
   Net Issuance/Repurchase of Equity 82,176.18 10,447.60 3,639.72 26,791.31
   Dividends Paid 0 0 0 0
   Other Financing Activities 0.00 0.00 0.00 0.00
Net Change in Cash 34,945.44 -6,459.03 -5,597.91 8,022.67
   Cash at Beginning of Period 3,019.07 9,229.84 14,941.77 6,872.89
   Cash at End of Period 37,143.76 3,019.07 9,229.84 14,941.77
Free Cash Flow -30,270.02 -16,654.53 -15,399.95 -12,164.17
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 107,833.67 89,675.47 64,873.41 69,652.45 50,514.11
   Current Assets 93,685.05 74,961.21 50,628.73 55,482.03 43,295.44
      Cash and Short-Term Investments 92,735.90 73,053.00 48,641.97 53,816.57 41,782.90
            Cash and Cash Equivalents 13,514.45 12,364.96 15,900.42 37,143.76 41,782.90
            Short-Term Investments 79,221.46 60,688.04 32,741.54 16,672.81 0
      Net Receivables 578.60 1,500.71 1,293.45 1,407.21 461.39
      Inventory 0 0 0 0 0
      Other Current Assets 370.55 407.50 693.31 258.25 1,051.14
   Non-Current Assets 14,148.62 14,714.26 14,244.68 14,170.42 7,218.67
      Property, Plant, Equipment Net 13,347.56 13,993.54 13,544.45 13,455.82 6,655.82
      Goodwill 0 0 0 0 0
      Intangible Assets 580.71 605.05 583.04 606.71 562.85
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 220.35 115.68 117.19 107.89 0.00
Liabilities 41,395.50 40,310.06 32,417.20 48,963.56 19,896.08
   Current Liabilities 40,759.26 39,631.19 31,848.59 48,336.94 19,691.60
      Payables and Expenses 2,892.78 3,654.70 4,475.78 5,970.54 1,633.88
            Account Payables 1,618.28 2,826.88 4,058.34 5,269.43 1,023.93
            Current Accrued Liabilities 1,274.50 827.82 417.44 701.11 609.95
      Short-Term Debt 6,647.88 6,647.88 6,754.20 6,615.79 162.11
      Other Current Liabilities 31,218.60 29,328.61 20,618.60 35,750.61 17,895.60
   Non-Current Liabilities 636.23 678.88 568.61 626.62 204.48
      Long-Term Debt 636.23 678.88 568.61 626.62 204.48
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00 0.00
Equity 66,438.17 49,365.41 32,456.21 20,688.89 30,618.03
   Shareholders Equity 66,438.17 49,365.41 32,456.21 20,688.89 30,618.03
      Capital Stock 255,147.25 243,889.70 230,363.13 223,742.33 202,966.13
      Share Premium 58,979.77 58,513.94 59,179.63 58,724.75 59,472.43
      Retained Earnings -291,278.38 -281,908.66 -264,645.29 -270,986.85 -240,727.61
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -2,176.17 -348.59 -1,784.26 -1,949.09 -2,313.77
   Minority Interest 0 0 0 0 0
Debt 7,284.11 7,326.76 7,322.82 7,242.42 366.59
Common Shares Outstanding 91,010.60 85,265.01 78,074.71 76,507.16 70,213.86
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenues 298.43 268.47 166.76 29.03 3.69 0
Interest Expense 31.43 30.93 32.79 31.61 30.48 0
Non-Interest Expense 2,671.63 3,177.91 3,985.39 477.95 2,524.80 0
Operating Expenses 8,036.83 7,723.08 9,226.37 4,968.97 5,430.85 0
   Selling, General and Administrative Expenses 2,671.63 3,177.91 3,985.39 477.95 2,524.80 0
   Research and Development Expenses 4,472.49 3,752.35 4,514.11 4,015.73 2,380.09 0
Operating Income -7,738.40 -7,454.61 -9,059.61 -4,939.94 -5,427.16 0
Net Non-Operating Income 989.01 533.31 527.78 504.15 216.34 0
EBT -9,369.71 -17,263.38 6,341.56 -30,259.24 -12,740.54 0
Income Tax 0 0 0 0 0 0
Net Income Including Non-Controlling Interests -9,369.71 -17,263.38 6,341.56 -30,259.24 -12,740.54 0
Net Income -9,369.71 -17,263.38 6,341.56 -30,259.24 -12,740.54 0
EBIT -9,338.28 -17,232.45 6,374.34 -30,227.63 -12,710.06 0
Deprecation and Amortization 892.70 792.81 726.87 475.28 525.96 0
EBITDA -8,445.58 -16,439.64 7,101.21 -29,752.35 -12,184.10 0
EPS -0.00 -0.00 0.00 0 -0.00 -0.00
Diluted EPS -0.00 -0.00 0 0 -0.00 -0.00
Average Shares Outstanding Basic 89,825.55 81,053.63 77,538.96 0 65,175.44 56,392.01
Average Shares Outstanding Diluted 89,825.55 81,053.63 78,238.79 0 65,175.44 56,392.01
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow -2,773.05 -7,739.03 -8,979.50 -8,689.44 -5,502.66
   Operating Net Income -9,369.71 -17,263.38 6,341.56 -30,259.24 -12,740.54
   Deprecation and Amortization 892.70 792.81 726.87 475.28 525.96
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 1,864.59 1,165.48 841.79 1,404.99 1,525.13
   Change in Working Capital 1,429.22 111.42 -1,514.89 379.29 -1,010.91
   Other Operating Activities 2,410.15 7,454.62 -15,374.83 19,310.24 6,197.70
Investing Cash Flow -20,648.48 -27,594.21 -16,618.74 -20,673.21 -1,022.63
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -406.44 -2,065.30 -522.52 -3,922.25 -947.08
   Net Purchase/Sale of Investments Net -20,242.04 -25,482.38 -16,096.22 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0.00 -46.54 0.00 0 -75.56
Financing Cash Flow 25,792.95 31,208.84 4,317.40 25,736.58 26,774.72
   Net Issuance/Repayment of Debt -58.52 -64.16 -35.29 -46.28 -71.73
   Net Issuance/Repurchase of Equity 25,851.46 31,273.00 4,352.69 25,782.86 26,846.45
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0.00 0.00 0.00 0.00 0.00
Net Change in Cash 2,371.42 -4,124.40 -21,280.85 -3,626.07 20,249.42
   Cash at Beginning of Period 12,364.96 15,900.42 37,143.76 41,782.90 21,262.13
   Cash at End of Period 13,514.45 12,364.96 15,900.42 37,143.76 41,782.90
Free Cash Flow -3,179.49 -9,850.87 -9,502.02 -12,679.77 -6,525.30