Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -2.61 -0.58
Price to Sales 134.89 29.46
Book Value Per Common Share 2.29 4.09 -0.53 14.64
Price to Book 3.02 2.33
Price to Operating Cash Flow -5.72 -3.81
Price to Free Cash Flow -5.69
Enterprise Value to EBITDA
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 2021-03-31 2020-12-31
Price to Earnings -4.51 2.88 -1.53 -12.88 -9.74
Price to Sales 1.29 1.94 90.83
Book Value Per Common Share 1.89 2.06 0.79 2.29 2.67 3.48 4.09 -0.60 -0.53 0.35
Price to Book 1.05 1.45 6.75 3.02 3.28 2.52 2.33
Price to Operating Cash Flow 1.74 -18.31 8.47 52.64 -13.20
Price to Free Cash Flow -6.05 -2.80 -60.79
Enterprise Value to EBITDA 40682.59 23974.32 3281988.05

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY -48.70 198.64 39.97 -85.83
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 2021-03-31 2020-12-31
Earning YoY
Revenue YoY 14.13 4212.86 99.12 -9.53
EBITDA YoY -53.75 8043.57
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.34 2.72 0.02 18.55 0.54
Quick Ratio 0.09 2.47 0.51 0.27
Current Ratio 0.29 2.50 0.38 1.79 0.31
Debt to Equity 1.97 0.14 -2.04 2.14 -1.39
Long-Term Debt to Equity 0.77 0.00 -0.02 0.71 -0.36
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 2021-03-31 2020-12-31
Cash Per Common Share 0.21 0.24 0.56 0.23 2.39 0.40 1.33 0.00 0.02 0.12 0.75 0.54
Quick Ratio 0.70 0.50 0.12 0.09 1.26 0.58 2.47 0.18 0.27
Current Ratio 0.83 0.60 0.57 0.29 1.27 0.72 2.50 0.35 0.38 1.37 0.51 0.31
Debt to Equity 8.23 8.12 2.49 1.97 0.75 0.24 0.14 -1.87 -2.04 2.30 -1.67 -1.39
Long-Term Debt to Equity 6.80 6.40 1.92 0.77 0.01 0.01 0.00 -0.02 -0.02 0.69 -0.48 -0.36

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -26.13 -173.10 -197.54 -133.66 -69.45
ROE -77.53 -196.85 205.65 -420.29 27.09
Gross Margin 23.80 57.91
Operating Margin -5027.36 -5115.75 -2470.48 -4874.72 -50.08
EBITDA Margin -4973.52 -5052.11 -2343.34 -4842.83 -49.14
Net Profit Margin -5159.14 -5115.75 -2592.50 -4770.91 -71.05
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 2021-03-31 2020-12-31
ROA -2.40 5.34 -0.34 -10.66 -19.42 -15.05 -23.67 -64.90
ROE -22.10 48.72 -1.18 -18.64 -23.99 13.12 -78.20 43.45
Gross Margin 50.74 52.72 21.53
Operating Margin 13.29 65.80 -89.74 -859.23 -592.02
EBITDA Margin 33.92 83.71 44.33 -811.27 -589.32
Net Profit Margin -28.96 67.37 -165.74 -900.47 -636.11

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
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 2021-03-31 2020-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 156,554.00 45,683.01 6,793.10 13,199.87 2,670.36
   Current Assets 18,302.00 13,531.09 5,050.74 10,827.97 2,217.49
   Deposits 0 0 4,673.68 0 0
      Cash and Short-Term Investments 5,192.00 13,036.95 246.36 3,087.84 1,897.70
            Cash and Cash Equivalents 5,192.00 13,036.95 246.36 2,785.19 1,897.70
            Short-Term Investments 0 0 0 302.65 0
      Net Receivables 494.00 329.75 0 0.43 33.45
      Inventory 0 0 0 18.73 220.64
      Other Current Assets 12,616.00 164.39 4,804.38 7,720.98 65.69
   Non-Current Assets 138,252.00 32,151.92 1,742.36 2,371.90 452.88
      Property, Plant, Equipment Net 135,610.00 30,931.85 1,632.01 2,353.70 302.57
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 132.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 2,642.00 1,220.07 110.35 0 18.30
Liabilities 103,786.00 5,510.20 13,318.16 9,002.02 9,515.27
   Current Liabilities 63,009.00 5,416.38 13,168.26 6,039.31 7,065.86
      Payables and Expenses 38,225.00 5,374.49 3,232.86 3,033.30 3,474.06
            Account Payables 2,366.00 2,295.57 3,055.99 801.75 0
            Current Accrued Liabilities 1,050.00 953.09 0 2,231.56 0
      Short-Term Debt 4,932.00 41.89 6,393.70 2,533.98 2,608.71
      Other Current Liabilities 19,852.00 0.00 3,541.70 472.03 983.09
   Non-Current Liabilities 40,777.00 93.82 149.90 2,962.71 2,449.41
      Long-Term Debt 1,043.00 93.82 0 2,962.71 2,449.41
      Other Non-Current Liabilities 39,734.00 0.00 0 0.00 0.00
Equity 52,768.00 40,172.81 -6,525.06 4,197.85 -6,844.91
   Shareholders Equity 52,768.00 40,172.81 -6,525.06 4,197.85 0
      Capital Stock 230.00 98.47 1.25 0.84 0.35
      Share Premium 172,304.00 118,927.81 54,202.36 51,506.85 23,206.37
      Retained Earnings -119,766.00 -78,853.68 -60,728.66 -47,309.85 -30,039.15
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 -12.50
Debt 5,975.00 135.71 6,543.60 5,496.69 5,058.12
Net Debt 783.00 0 6,297.24 2,576.41 3,160.42
Common Shares Outstanding 23,045.21 9,826.72 12,246.04 286.70 3,506.75
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 793.00 1,545.79 517.60 369.80 2,610.12
Cost Of Revenue 0 0 0 281.79 1,098.54
Interest Expense 0.00 0.00 613.83 1,175.22 633.38
Net Interest 1,142.00 0 0 0 0
Non-Interest Expense 0 0 0 18,126.21 0
Gross Profit 0 0 0 88.01 1,511.59
Operating Expenses 34,452.00 35,137.22 8,124.44 18,238.73 2,828.61
   Selling, General and Administrative Expenses 30,565.00 16,269.05 3,606.52 18,126.21 2,645.66
   Research and Development Expenses 38,000.00 0 0 0 0
   Other Operating Expenses -34,113.00 18,868.18 4,517.91 0 182.95
Operating Income -26,513.00 -33,591.43 -7,606.83 -18,150.71 -1,317.02
Net Non-Operating Income -13,354.00 -45,487.43 -5,794.24 183.57 -623.38
EBT -39,867.00 -79,078.86 -13,401.08 -19,202.11 -1,940.40
Income Tax 0.00 0.00 0.00 0 0.00
Net Income Including Non-Controlling Interests -40,912.00 -78,853.68 0 -17,270.70 -3,880.97
Net Income Non-Controlling Interests 0.00 -225.18 0 1,808.02 2,026.36
Net Income -40,912.00 -79,078.86 -13,418.81 -17,643.03 -1,854.61
EBIT -39,867.00 -79,078.86 -12,787.25 -18,026.90 -1,307.02
Deprecation and Amortization 427.00 983.79 658.08 117.94 24.34
EBITDA -39,440.00 -78,095.07 -12,129.17 -17,908.96 -1,282.68
EPS -0.00 -0.02 -0.00 -0.11 -0.00
Diluted EPS -0.00 -0.02 0 -0.11 -0.00
Average Shares Outstanding Basic 15,453.50 4,788.41 11,648.88 166.43 3,506.75
Average Shares Outstanding Diluted 0 4,788.41 0 166.43 3,506.75
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -18,696.00 -11,940.85 -2,192.61 -6,969.72 -1,070.72
   Operating Net Income -40,912.00 -79,078.86 -13,418.81 -17,270.70 -1,940.57
   Deprecation and Amortization 427.00 983.79 658.08 117.94 24.34
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 8,377.00 2,894.69 0 12,585.01 407.85
   Change in Working Capital 6,682.00 1,124.08 3,457.63 -145.55 72.89
   Other Operating Activities 6,730.00 62,135.46 7,110.50 -2,256.41 364.78
Investing Cash Flow -83,408.00 -23,684.30 -1,815.52 -9,928.73 -156.73
   Capital Expenditure -94.00 0.00 -5,295.48 0 -156.73
   Net Purchase/Sale of PPE -94.00 18,000.00 -4,720.07 -9,928.73 -156.73
   Net Purchase/Sale of Investments Net -28,522.00 -190.45 -35.00 0 0
   Net Purchase/Sale of Business 55,509.00 -23,215.80 0 0 0
   Other Investing Activities -110,207.00 -18,278.05 8,235.03 0 156.73
Financing Cash Flow 84,911.00 48,582.26 1,469.30 17,785.93 347.50
   Net Issuance/Repayment of Debt 27,466.00 -150.00 485.97 197.66 347.50
   Net Issuance/Repurchase of Equity 48,539.00 32,450.00 983.33 16,037.65 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 8,906.00 16,282.26 0.00 1,550.62 0.00
Net Change in Cash -7,845.00 12,957.10 -2,538.83 887.48 -879.95
   Cash at Beginning of Period 13,037.00 79.84 2,785.19 1,897.70 2,777.65
   Cash at End of Period 5,192.00 13,036.95 246.36 2,785.19 1,897.70
Free Cash Flow -18,790.00 0 -7,488.09 -16,898.45 -1,227.45
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 2021-03-31 2020-12-31
Assets 939,788.00 858,540.00 775,445.00 156,554.00 107,174.72 46,531.34 45,683.01 6,452.88 6,793.10 13,052.65 3,716.26 2,670.36
   Current Assets 120,977.00 97,400.00 71,895.00 18,302.00 57,077.38 6,194.40 13,531.09 4,775.10 5,050.74 8,741.16 3,330.91 2,217.49
   Deposits 0 0 0 0 0 0 0 4,721.28 4,673.68 6,905.42 0 0
      Cash and Short-Term Investments 10,640.00 10,653.00 14,972.00 5,192.00 40,052.36 4,047.77 13,036.95 27.02 246.36 1,121.90 2,635.32 1,897.70
            Cash and Cash Equivalents 10,640.00 10,653.00 14,972.00 5,192.00 40,052.36 4,047.77 13,036.95 27.02 246.36 1,121.90 2,635.32 1,897.70
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 90,298.00 69,965.00 416.00 494.00 16,757.65 951.76 329.75 0 0 0.12 0 33.45
      Inventory 4,890.00 3,415.00 1,281.00 0 0 0 0 0 0 16.82 305.48 220.64
      Other Current Assets 15,149.00 13,367.00 55,226.00 12,616.00 0 1,194.87 164.39 4,748.08 4,804.38 7,602.32 390.11 65.69
   Non-Current Assets 818,811.00 761,140.00 703,550.00 138,252.00 50,097.35 40,336.93 32,151.92 1,677.78 1,742.36 4,311.49 385.36 452.88
      Property, Plant, Equipment Net 798,660.00 740,157.00 688,572.00 135,610.00 49,600.53 31,150.40 30,931.85 1,567.43 1,632.01 4,293.29 263.81 302.57
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 128.70 132.00
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 229.76 0 0 0 0 0 0 0
      Other Non-Current Assets 0 0 14,978.00 2,642.00 267.06 9,186.53 1,220.07 110.35 110.35 18.20 -7.15 18.30
Liabilities 837,951.00 764,367.00 553,121.00 103,786.00 45,887.64 8,867.47 5,510.20 13,855.23 13,318.16 9,102.64 9,267.76 9,515.27
   Current Liabilities 145,010.00 161,638.00 126,633.00 63,009.00 45,012.53 8,649.40 5,416.38 13,705.33 13,168.26 6,364.00 6,582.82 7,065.86
      Payables and Expenses 139,364.00 157,717.00 43,671.00 38,225.00 17,513.99 8,486.57 5,374.49 3,565.92 3,232.86 932.51 3,401.35 3,474.06
            Account Payables 47,474.00 65,140.00 47,988.00 2,366.00 9,221.75 3,597.98 2,295.57 3,260.00 3,055.99 2,435.75 0 0
            Current Accrued Liabilities 27,342.00 10,049.00 618.00 1,050.00 7,399.12 1,517.25 953.09 0 0 0 0 0
      Short-Term Debt 749.00 888.00 1,842.00 4,932.00 19,708.86 162.83 41.89 6,393.70 6,393.70 2,532.10 2,608.71 2,608.71
      Other Current Liabilities 4,897.00 3,033.00 81,120.00 19,852.00 7,789.68 0.00 0.00 3,745.71 3,541.70 2,899.40 572.75 983.09
   Non-Current Liabilities 692,941.00 602,729.00 426,488.00 40,777.00 875.11 218.07 93.82 149.90 149.90 2,738.64 2,684.94 2,449.41
      Long-Term Debt 419,447.00 389,521.00 969.00 1,043.00 875.11 218.07 93.82 0 0 2,588.74 2,684.94 2,449.41
      Other Non-Current Liabilities 273,494.00 213,208.00 425,519.00 39,734.00 0.00 0.00 0.00 0 0 149.90 -0.00 0.00
Equity 101,837.00 94,173.00 222,324.00 52,768.00 61,287.08 37,663.87 40,172.81 -7,402.35 -6,525.06 3,950.01 -5,551.49 -6,844.91
   Shareholders Equity 101,837.00 94,173.00 34,043.00 52,768.00 61,287.08 37,663.87 40,172.81 -7,402.35 -6,525.06 3,950.01 0 0
      Capital Stock 540.00 456.00 429.00 230.00 229.33 108.35 98.47 1.25 1.25 1.17 0.35 0.35
      Share Premium 187,152.00 180,835.00 156,332.00 172,304.00 168,886.52 125,446.28 118,927.81 54,296.43 54,202.36 54,347.79 26,968.65 23,206.37
      Retained Earnings -85,413.00 -86,700.00 -122,382.00 -119,766.00 -107,828.77 -87,890.96 -78,853.68 -61,700.03 -60,728.66 -50,398.94 -32,508.02 -30,039.15
      Treasury Shares 442.00 418.00 -336.00 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 -12.50 -12.50
Investments 0 0 0 0 0 0 0 0 0 532.74 0 0
Debt 420,196.00 390,409.00 2,811.00 5,975.00 20,583.97 380.90 135.71 6,543.60 6,543.60 5,270.73 5,293.65 5,058.12
Net Debt 407,818.00 377,805.00 0 783.00 0 0 0 6,516.58 6,297.24 4,148.83 2,658.33 3,160.42
Common Shares Outstanding 54,012.41 45,618.57 42,942.13 23,045.21 22,918.76 10,815.33 9,826.72 12,246.04 12,246.04 11,439.81 3,506.75 3,506.75
Preferred Shares Outstanding 0 0 0 0 0 0 0 0 0 0 5.00 0
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 2021-03-31
Revenues 77,721.00 68,100.00 1,579.00 793.00 0 0 0 0 343.06 379.17
Cost Of Revenue 38,284.00 32,197.00 0 0 0 0 0 0 0 297.55
Interest Income 218.00 94.00 0 0 430.00 0 0 0 0 0
Interest Expense 9,039.00 9,124.00 1,200.00 0.00 0 0 0.00 154.08 148.06 224.09
Net Interest 0 0 0 1,142.00 0 0 0 0 0 0
Non-Interest Expense 12,273.00 16,443.00 0 0 8,790.00 0 0 0 0 0
Gross Profit 39,437.00 35,903.00 0 0 0 0 0 0 0 81.63
Operating Expenses 12,389.00 16,967.00 11,837.00 17,592.36 8,815.00 0 8,044.64 817.29 3,530.41 3,154.93
   Selling, General and Administrative Expenses 12,273.00 16,443.00 5,551.00 14,172.14 8,790.00 0 7,602.86 576.29 932.86 3,282.50
   Research and Development Expenses 0 0 0 38,000.00 0 0 0 0 0 0
   Other Operating Expenses 116.00 524.00 6,286.00 -34,579.78 25.00 0 441.78 241.00 2,597.55 -127.57
Operating Income 27,048.00 18,936.00 1,753.00 -9,653.36 -8,815.00 0 -8,044.64 -817.29 -3,145.30 -3,073.30
Net Non-Operating Income 0 0 -4,370.00 -10,367.10 -3,039.00 0 52.10 -154.08 49.60 604.42
EBT 1,287.00 35,683.00 -2,617.00 -20,450.46 -11,424.00 0 -7,992.54 -971.37 -3,095.70 -2,468.88
Income Tax 0 0 0.00 0.00 0 0 0.00 0.00 0.00 0.00
Net Income Including Non-Controlling Interests 1,287.00 35,683.00 0 -29,488.00 -11,424.00 0 0 0 0 -2,468.88
Net Income Non-Controlling Interests 0 0 0 0.00 0 0 0 0 0 56.90
Net Income -22,508.00 45,882.00 -2,617.00 -20,450.72 -11,424.00 0 -9,037.28 -971.37 -3,089.09 -2,411.98
EBIT 10,326.00 44,807.00 -1,417.00 -20,450.46 -11,424.00 0 -7,992.54 -817.29 -2,947.64 -2,244.78
Deprecation and Amortization 16,038.00 12,198.00 2,117.00 427.00 0 0 0.00 64.58 164.52 10.25
EBITDA 26,364.00 57,005.00 700.00 -28,016.00 -11,424.00 0 0 -752.71 -2,783.11 -2,234.53
EPS -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 0 -0.00
Average Shares Outstanding Basic 50,624.46 44,063.28 26,796.70 23,038.08 16,770.37 12,000.57 10,004.99 12,246.04 9,427.91 3,506.75
Average Shares Outstanding Diluted 50,624.46 198,365.21 0 9,590.31 16,770.37 12,000.57 0 0 0 3,506.75
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Operating Cash Flow 57,662.00 -7,210.00 16,932.00 2,790.00 -6,648.55 -171.74 -1,145.13 -1,185.04
   Operating Net Income 1,287.00 35,683.00 0 -11,424.00 -9,037.28 -971.37 -3,089.09 -2,468.88
   Deprecation and Amortization 16,038.00 12,198.00 2,117.00 0 0 64.58 164.52 10.25
   Deferred Income Tax 0 0 0 0 0 0 0 0
   Share Based Compensation 4,123.00 2,398.00 1,324.00 2,384.00 2,066.68 0 0 2,094.19
   Change in Working Capital 10,224.00 -38,609.00 11,969.00 8,191.00 3,160.59 570.40 392.21 -665.12
   Other Operating Activities 25,990.00 -18,880.00 1,522.00 3,639.00 -2,838.53 164.65 1,387.23 -155.48
Investing Cash Flow -86,247.00 6,142.00 -528,431.00 -2,141.00 -10,126.56 -47.60 -1,404.12 -156.73
   Capital Expenditure 0 0 0.00 0 0.00 0.00 -2,111.93 0.00
   Net Purchase/Sale of PPE -74,276.00 -39,923.00 0 -5,207.00 0 0 -2,111.93 0
   Net Purchase/Sale of Investments Net 0 0 -38,999.00 0 -2,048.99 0 0 0
   Net Purchase/Sale of Business 0 7,120.00 490,581.00 3,000.00 0 0 0 0
   Other Investing Activities 0 0 -980,013.00 0 -8,077.58 -47.60 2,819.74 -156.73
Financing Cash Flow 28,572.00 -3,251.00 521,279.00 37,177.00 4,461.66 0 885.97 1,922.66
   Net Issuance/Repayment of Debt 30,000.00 10,000.00 344,553.00 3,000.00 0 0 -14.03 197.66
   Net Issuance/Repurchase of Equity -24.00 -82.00 43,481.00 48,539.00 4,461.66 17,300.00 900.00 1,700.00
   Dividends Paid 0 0 0 0 0 0 0 0
   Other Financing Activities -1,404.00 -13,169.00 133,245.00 -14,362.00 0.00 0 0.00 25.00
Net Change in Cash -13.00 -4,319.00 9,780.00 37,826.00 -8,989.18 -219.34 -1,663.29 737.62
   Cash at Beginning of Period 10,653.00 14,972.00 5,192.00 2,226.00 13,036.95 246.36 2,785.19 1,897.70
   Cash at End of Period 10,640.00 10,653.00 14,972.00 40,052.00 4,047.77 27.02 1,121.90 2,635.32
Free Cash Flow -16,614.00 -47,133.00 0 -2,417.00 0 0 -3,257.07 0