RANI
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Price to Earnings | -1.30 | -2.50 | -4.61 |
| Price to Sales | 37.95 | ||
| Book Value Per Common Share | 0.07 | 504.45 | 1547.42 |
| Price to Book | 19.60 | 0.01 | 0.00 |
| Price to Operating Cash Flow | -1.10 | 0.00 | 0.00 |
| Price to Free Cash Flow | |||
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Price to Earnings | -1.00 | -1.28 | -5.73 | -2.77 | -6.91 | -10.72 | 2.05 | -5.89 | -15.64 | -10.30 | 17.22 |
| Price to Sales | 113.59 | 104.88 | 247.06 | ||||||||
| Book Value Per Common Share | -0.20 | -0.16 | -0.09 | 0.12 | 0.11 | 0.28 | 0.69 | 0.95 | 1.22 | 1.80 | 2.09 |
| Price to Book | -2.47 | -3.23 | -13.79 | 18.73 | 35.09 | 10.94 | 3.14 | 4.33 | 4.24 | 5.32 | 4.95 |
| Price to Operating Cash Flow | -1.02 | -1.29 | -5.17 | -2.18 | -5.40 | -8.61 | -1.42 | -4.26 | -10.72 | -7.05 | -12.03 |
| Price to Free Cash Flow | |||||||||||
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Earning YoY | |||
| Revenue YoY | |||
| EBITDA YoY | |||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earning YoY | |||||||||||
| Revenue YoY | 0.00 | 0.00 | -83.27 | ||||||||
| EBITDA YoY | |||||||||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Cash Per Common Share | 0.13 | 229.92 | 5290.63 |
| Quick Ratio | 0.76 | ||
| Current Ratio | 1.50 | 6.36 | 20.96 |
| Debt to Equity | 9.49 | 1.28 | 0.46 |
| Long-Term Debt to Equity | 3.79 | 0.96 | 0.39 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 0.11 | 0.29 | 0.30 | 0.16 | 0.17 | 0.26 | 0.20 | 0.30 | 0.77 | 1.16 | 4.24 |
| Quick Ratio | 0.53 | ||||||||||
| Current Ratio | 0.26 | 0.54 | 0.88 | 1.60 | 1.93 | 3.09 | 8.61 | 13.32 | 17.29 | 14.02 | 18.32 |
| Debt to Equity | -1.85 | -2.85 | -5.51 | 6.54 | 6.88 | 2.68 | 1.02 | 0.73 | 0.57 | 0.25 | 0.06 |
| Long-Term Debt to Equity | -0.25 | -0.59 | -1.75 | 3.04 | 3.89 | 1.76 | 0.81 | 0.61 | 0.48 | 0.17 | 0.00 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| ROA | -81.94 | -58.65 | -28.32 |
| ROE | -859.38 | -133.51 | -41.33 |
| Gross Margin | |||
| Operating Margin | |||
| EBITDA Margin | |||
| Net Profit Margin | -2920.04 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -191.02 | -82.59 | -30.11 | -48.39 | -32.68 | -13.98 | -38.15 | -21.17 | -8.68 | -20.15 | -13.27 |
| ROE | 161.76 | 152.47 | 135.80 | -364.87 | -257.44 | -51.48 | -77.18 | -36.69 | -13.59 | -25.17 | -14.04 |
| Gross Margin | |||||||||||
| Operating Margin | |||||||||||
| EBITDA Margin | |||||||||||
| Net Profit Margin | -11260.47 | -8113.95 | -4223.26 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Dividend Yield | |||
| Dividend Payout Ratio |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | |||||||||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 36,634.00 | 57,916.00 | 108,027.00 | 124,207.00 |
| Current Assets | 29,744.00 | 50,847.00 | 100,924.00 | 119,595.00 |
| Cash and Short-Term Investments | 3,762.00 | 5,864.00 | 126,007.00 | 117,453.00 |
| Cash and Cash Equivalents | 3,762.00 | 5,864.00 | 27,507.00 | 117,453.00 |
| Short-Term Investments | 0 | 0 | 98,500.00 | 0 |
| Net Receivables | 0 | 200.00 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 25,982.00 | 44,783.00 | -25,083.00 | 2,142.00 |
| Non-Current Assets | 6,890.00 | 7,069.00 | 7,103.00 | 4,612.00 |
| Property, Plant, Equipment Net | 6,644.00 | 6,823.00 | 7,103.00 | 4,612.00 |
| 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 | 246.00 | 246.00 | 0.00 | 0.00 |
| Liabilities | 33,141.00 | 32,473.00 | 34,023.00 | 2,640.00 |
| Current Liabilities | 19,891.00 | 7,989.00 | 4,815.00 | 2,640.00 |
| Payables and Expenses | 1,359.00 | 648.00 | 3,756.00 | 2,514.00 |
| Account Payables | 1,359.00 | 648.00 | 1,460.00 | 1,080.00 |
| Current Accrued Liabilities | 0 | 0 | 2,296.00 | 1,434.00 |
| Short-Term Debt | 16,459.00 | 5,615.00 | 1,006.00 | 0 |
| Other Current Liabilities | 2,073.00 | 1,726.00 | 53.00 | 126.00 |
| Non-Current Liabilities | 13,250.00 | 24,484.00 | 29,208.00 | 0.00 |
| Long-Term Debt | 13,250.00 | 24,484.00 | 29,208.00 | 0 |
| Other Non-Current Liabilities | 0.00 | 0.00 | 0.00 | 0 |
| Equity | 3,493.00 | 25,443.00 | 74,004.00 | 121,567.00 |
| Shareholders Equity | 1,992.00 | 12,866.00 | 36,855.00 | 47,411.00 |
| Capital Stock | 5.00 | 5.00 | 5.00 | 5.00 |
| Share Premium | 104,889.00 | 85,762.00 | 75,842.00 | 55,737.00 |
| Retained Earnings | -102,907.00 | -72,889.00 | -38,919.00 | -8,331.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 5.00 | -12.00 | -73.00 | 0 |
| Minority Interest | 1,501.00 | 12,577.00 | 37,149.00 | 74,156.00 |
| Investments | 23,877.00 | 42,675.00 | 71,475.00 | 0 |
| Debt | 29,709.00 | 30,099.00 | 30,214.00 | 0 |
| Net Debt | 25,947.00 | 24,235.00 | 0 | 0 |
| Common Shares Outstanding | 0 | 0 | 0 | 0 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 1,028.00 | 0 | 0.00 | 2,717.00 |
| Operating Expenses | 54,342.00 | 66,099.00 | 63,451.00 | 54,316.00 |
| Selling, General and Administrative Expenses | 23,946.00 | 26,475.00 | 26,844.00 | 27,834.00 |
| Research and Development Expenses | 26,682.00 | 39,624.00 | 36,607.00 | 26,482.00 |
| Other Operating Expenses | 3,714.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -53,314.00 | -66,099.00 | -63,451.00 | -51,599.00 |
| Net Non-Operating Income | 0 | -1,784.00 | 177.00 | -1,448.00 |
| Interest Income | 0 | 0 | 0 | 555.00 |
| Interest Expense | 5,033.00 | 5,085.00 | 1,071.00 | 466.00 |
| Net Interest | 0 | 0 | 0 | 89.00 |
| EBT | 0 | -67,883.00 | -63,274.00 | -53,047.00 |
| Income Tax | 0.00 | 0.00 | 70.00 | 41.00 |
| Net Income Including Non-Controlling Interests | -3,452.00 | -57.00 | 2,168.00 | 44,608.00 |
| Net Income Non-Controlling Interests | -26,566.00 | -33,913.00 | -32,756.00 | -44,757.00 |
| Net Income | -30,018.00 | -33,970.00 | -30,588.00 | -149.00 |
| EBIT | 0 | -62,798.00 | -62,203.00 | -52,581.00 |
| Deprecation and Amortization | 4,084.00 | 4,179.00 | 2,163.00 | 497.00 |
| EBITDA | 0 | -58,619.00 | -60,040.00 | -52,084.00 |
| EPS | -0.00 | -0.00 | -0.00 | 0 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | 0 |
| Average Shares Outstanding Basic | 28,504.48 | 25.50 | 23.82 | 0 |
| Average Shares Outstanding Diluted | 28,504.48 | 25.50 | 23.82 | 0 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -35,496.00 | -51,236.00 | -46,515.00 | -32,245.00 |
| Operating Net Income | -113,168.00 | -135,766.00 | -126,688.00 | -53,088.00 |
| Deprecation and Amortization | 4,084.00 | 4,179.00 | 2,163.00 | 497.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 16,031.00 | 19,008.00 | 15,782.00 | 22,595.00 |
| Change in Working Capital | -950.00 | -2,459.00 | -501.00 | 521.00 |
| Other Operating Activities | 58,507.00 | 63,802.00 | 62,729.00 | -2,770.00 |
| Investing Cash Flow | 19,809.00 | 29,860.00 | -72,436.00 | -506.00 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 268.00 | 1,229.00 | 1,619.00 | 506.00 |
| Net Purchase/Sale of Investments Net | 135,023.00 | 177,611.00 | 76,817.00 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | -115,482.00 | -148,980.00 | -150,872.00 | -1,012.00 |
| Financing Cash Flow | 13,585.00 | 233.00 | 29,005.00 | 77,146.00 |
| Net Issuance/Repayment of Debt | 5,000.00 | 0 | 29,574.00 | 5,034.00 |
| Net Issuance/Repurchase of Equity | 18,328.00 | 40.00 | 46.00 | 73,674.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | -9,743.00 | 193.00 | -615.00 | -1,562.00 |
| Net Change in Cash | -2,102.00 | -21,143.00 | -89,946.00 | 44,395.00 |
| Cash at Beginning of Period | 6,364.00 | 27,507.00 | 117,453.00 | 73,058.00 |
| Cash at End of Period | 4,262.00 | 6,364.00 | 27,507.00 | 117,453.00 |
| 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 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 10,139.00 | 16,898.00 | 24,125.00 | 36,634.00 | 43,540.00 | 43,726.00 | 53,512.00 | 57,916.00 | 70,436.00 | 83,507.00 | 96,446.00 | 108,027.00 | 108,202.00 | 104,344.00 | 115,309.00 | 124,207.00 | 136,958.00 | 77,331.00 |
| Current Assets | 4,955.00 | 11,073.00 | 17,783.00 | 29,744.00 | 32,371.00 | 32,034.00 | 41,390.00 | 50,847.00 | 63,222.00 | 76,374.00 | 89,038.00 | 100,924.00 | 100,720.00 | 97,993.00 | 109,260.00 | 119,595.00 | 132,365.00 | 69,479.00 |
| Cash and Short-Term Investments | 4,144.00 | 10,216.00 | 10,111.00 | 3,762.00 | 4,277.00 | 4,514.00 | 6,877.00 | 5,864.00 | 4,972.00 | 7,552.00 | 19,484.00 | 126,007.00 | 27,219.00 | 97,181.00 | 107,839.00 | 117,453.00 | 129,743.00 | 69,314.00 |
| Cash and Cash Equivalents | 4,144.00 | 10,216.00 | 10,111.00 | 3,762.00 | 4,277.00 | 4,514.00 | 6,877.00 | 5,864.00 | 4,972.00 | 7,552.00 | 19,484.00 | 27,507.00 | 27,219.00 | 97,181.00 | 107,839.00 | 117,453.00 | 129,743.00 | 69,314.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 98,500.00 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 600.00 | 0 | 0 | 0 | 0 | 200.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 811.00 | 857.00 | 7,072.00 | 25,982.00 | 28,094.00 | 27,520.00 | 34,513.00 | 44,783.00 | 58,250.00 | 68,822.00 | 69,554.00 | -25,083.00 | 73,501.00 | 812.00 | 1,421.00 | 2,142.00 | 2,622.00 | 165.00 |
| Non-Current Assets | 5,184.00 | 5,825.00 | 6,342.00 | 6,890.00 | 11,169.00 | 11,692.00 | 12,122.00 | 7,069.00 | 7,214.00 | 7,133.00 | 7,408.00 | 7,103.00 | 7,482.00 | 6,351.00 | 6,049.00 | 4,612.00 | 4,593.00 | 7,852.00 |
| Property, Plant, Equipment Net | 4,939.00 | 5,532.00 | 6,096.00 | 6,644.00 | 10,923.00 | 11,446.00 | 11,876.00 | 6,823.00 | 7,214.00 | 7,133.00 | 7,408.00 | 7,103.00 | 8,282.00 | 7,651.00 | 7,349.00 | 4,612.00 | 4,593.00 | 4,430.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 245.00 | 293.00 | 246.00 | 246.00 | 246.00 | 246.00 | 246.00 | 246.00 | 0.00 | 0.00 | 0.00 | 0.00 | -800.00 | -1,300.00 | -1,300.00 | 0.00 | 0.00 | 3,422.00 |
| Liabilities | 22,112.00 | 26,051.00 | 29,474.00 | 33,141.00 | 37,765.00 | 38,176.00 | 38,977.00 | 32,473.00 | 35,617.00 | 35,338.00 | 34,857.00 | 34,023.00 | 21,595.00 | 5,690.00 | 4,665.00 | 2,640.00 | 5,250.00 | 9,961.00 |
| Current Liabilities | 19,144.00 | 20,623.00 | 20,130.00 | 19,891.00 | 20,211.00 | 16,581.00 | 13,375.00 | 7,989.00 | 7,345.00 | 5,735.00 | 5,150.00 | 4,815.00 | 7,186.00 | 5,349.00 | 4,156.00 | 2,640.00 | 5,250.00 | 9,355.00 |
| Payables and Expenses | 2,467.00 | 1,798.00 | 1,520.00 | 1,359.00 | 1,566.00 | 506.00 | 806.00 | 648.00 | 1,405.00 | 1,037.00 | 1,511.00 | 3,756.00 | 6,147.00 | 4,661.00 | 3,366.00 | 2,514.00 | 4,960.00 | 4,588.00 |
| Account Payables | 2,467.00 | 1,798.00 | 1,520.00 | 1,359.00 | 1,566.00 | 506.00 | 806.00 | 648.00 | 1,405.00 | 1,037.00 | 1,511.00 | 1,460.00 | 1,790.00 | 1,440.00 | 1,265.00 | 1,080.00 | 1,311.00 | 1,667.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,296.00 | 4,357.00 | 3,221.00 | 2,101.00 | 1,434.00 | 3,649.00 | 2,921.00 |
| Short-Term Debt | 14,586.00 | 16,189.00 | 16,325.00 | 16,459.00 | 16,178.00 | 13,653.00 | 9,808.00 | 5,615.00 | 2,010.00 | 856.00 | 923.00 | 1,006.00 | 984.00 | 658.00 | 650.00 | 0 | 0 | 3,884.00 |
| Other Current Liabilities | 2,091.00 | 2,636.00 | 2,285.00 | 2,073.00 | 2,467.00 | 2,422.00 | 2,761.00 | 1,726.00 | 3,930.00 | 3,842.00 | 2,716.00 | 53.00 | 55.00 | 30.00 | 140.00 | 126.00 | 290.00 | 883.00 |
| Non-Current Liabilities | 2,968.00 | 5,428.00 | 9,344.00 | 13,250.00 | 17,554.00 | 21,595.00 | 25,602.00 | 24,484.00 | 28,272.00 | 29,603.00 | 29,707.00 | 29,208.00 | 14,409.00 | 341.00 | 509.00 | 0.00 | 0.00 | 606.00 |
| Long-Term Debt | 2,968.00 | 5,428.00 | 9,344.00 | 13,250.00 | 17,554.00 | 21,595.00 | 25,602.00 | 24,484.00 | 28,272.00 | 29,603.00 | 29,707.00 | 29,208.00 | 14,409.00 | 341.00 | 509.00 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 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 | 0 | 0 |
| Equity | -11,973.00 | -9,153.00 | -5,349.00 | 3,493.00 | 5,775.00 | 5,550.00 | 14,535.00 | 25,443.00 | 34,819.00 | 48,169.00 | 61,589.00 | 74,004.00 | 86,607.00 | 98,654.00 | 110,644.00 | 121,567.00 | 131,708.00 | 67,370.00 |
| Shareholders Equity | -7,860.00 | -5,575.00 | -3,056.00 | 1,992.00 | 3,120.00 | 2,835.00 | 7,398.00 | 12,866.00 | 17,553.00 | 24,094.00 | 30,722.00 | 36,855.00 | 42,194.00 | 47,813.00 | 53,384.00 | 47,411.00 | 51,366.00 | 0 |
| Capital Stock | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 191,034.00 |
| Share Premium | 114,406.00 | 111,280.00 | 107,108.00 | 104,889.00 | 97,067.00 | 90,012.00 | 87,776.00 | 85,762.00 | 83,380.00 | 80,746.00 | 78,018.00 | 75,842.00 | 72,379.00 | 69,986.00 | 67,933.00 | 55,737.00 | 54,503.00 | 0 |
| Retained Earnings | -122,275.00 | -116,863.00 | -110,171.00 | -102,907.00 | -93,960.00 | -87,177.00 | -80,372.00 | -72,889.00 | -65,791.00 | -56,594.00 | -47,291.00 | -38,919.00 | -30,133.00 | -22,178.00 | -14,554.00 | -8,331.00 | -3,142.00 | -125,086.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 3.00 | 3.00 | 2.00 | 5.00 | 8.00 | -5.00 | -11.00 | -12.00 | -41.00 | -63.00 | -10.00 | -73.00 | -57.00 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -4,113.00 | -3,578.00 | -2,293.00 | 1,501.00 | 2,655.00 | 2,715.00 | 7,137.00 | 12,577.00 | 17,266.00 | 24,075.00 | 30,867.00 | 37,149.00 | 44,413.00 | 50,841.00 | 57,260.00 | 74,156.00 | 80,342.00 | 0 |
| Investments | 0 | 0 | 5,742.00 | 23,877.00 | 26,127.00 | 26,387.00 | 32,704.00 | 42,675.00 | 55,554.00 | 67,054.00 | 67,803.00 | 71,475.00 | 70,952.00 | 0 | 0 | 0 | 0 | 0 |
| Debt | 17,554.00 | 21,617.00 | 25,669.00 | 29,709.00 | 33,732.00 | 35,248.00 | 35,410.00 | 30,099.00 | 30,282.00 | 30,459.00 | 30,630.00 | 30,214.00 | 15,393.00 | 999.00 | 1,159.00 | 0 | 0 | 3,884.00 |
| Net Debt | 13,410.00 | 11,401.00 | 15,558.00 | 25,947.00 | 29,455.00 | 30,734.00 | 28,533.00 | 24,235.00 | 25,310.00 | 22,907.00 | 11,146.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,629.80 |
| 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 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | 172.00 | 172.00 | 172.00 | 1,028.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0.00 | 0.00 | 0 | 2,717.00 | 2,717.00 |
| Operating Expenses | 29,947.00 | 22,690.00 | 12,185.00 | -24,605.00 | 38,356.00 | 26,557.00 | 14,034.00 | -37,892.00 | 52,665.00 | 34,810.00 | 16,516.00 | -25,925.00 | 45,969.00 | 29,627.00 | 13,780.00 | 40,954.00 | 13,173.00 |
| Selling, General and Administrative Expenses | 14,651.00 | 10,615.00 | 5,615.00 | -13,843.00 | 18,484.00 | 12,857.00 | 6,448.00 | -14,988.00 | 20,647.00 | 14,012.00 | 6,804.00 | -11,602.00 | 19,748.00 | 12,509.00 | 6,189.00 | 21,889.00 | 6,067.00 |
| Research and Development Expenses | 15,296.00 | 12,075.00 | 6,570.00 | -14,476.00 | 19,872.00 | 13,700.00 | 7,586.00 | -22,904.00 | 32,018.00 | 20,798.00 | 9,712.00 | -14,323.00 | 26,221.00 | 17,118.00 | 7,591.00 | 19,065.00 | 7,106.00 |
| Other Operating Expenses | 0.00 | 0.00 | 0.00 | 3,714.00 | 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 |
| Operating Income | -29,775.00 | -22,518.00 | -12,013.00 | 25,633.00 | -38,356.00 | -26,557.00 | -14,034.00 | 37,892.00 | -52,665.00 | -34,810.00 | -16,516.00 | 25,925.00 | -45,969.00 | -29,627.00 | -13,780.00 | -38,237.00 | -10,456.00 |
| Net Non-Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 381.00 | -1,163.00 | -686.00 | -316.00 | 34.00 | 78.00 | 50.00 | 15.00 | -1,465.00 | -583.00 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 540.00 | 417.00 |
| Interest Expense | 2,544.00 | 1,819.00 | 943.00 | -2,741.00 | 3,909.00 | 2,571.00 | 1,294.00 | -2,384.00 | 3,789.00 | 2,473.00 | 1,207.00 | 719.00 | 352.00 | 0.00 | 0.00 | 467.00 | 357.00 |
| Net Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.00 | 73.00 | 60.00 |
| EBT | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38,273.00 | -53,828.00 | -35,496.00 | -16,832.00 | 25,959.00 | -45,891.00 | -29,577.00 | -13,765.00 | -39,702.00 | -11,039.00 |
| Income Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -321.00 | 111.00 | 217.00 | 63.00 | 81.00 | 44.00 |
| Net Income Including Non-Controlling Interests | -6,860.00 | -3,950.00 | -1,790.00 | -1,549.00 | -1,280.00 | -436.00 | -187.00 | -375.00 | 84.00 | 146.00 | 88.00 | -3,712.00 | 2,398.00 | 2,100.00 | 1,382.00 | 33,499.00 | 0 |
| Net Income Non-Controlling Interests | -12,508.00 | -10,006.00 | -5,474.00 | 14,373.00 | -19,791.00 | -13,852.00 | -7,296.00 | 19,324.00 | -26,956.00 | -17,821.00 | -8,460.00 | 14,996.00 | -24,200.00 | -15,947.00 | -7,605.00 | -36,641.00 | 0 |
| Net Income | -19,368.00 | -13,956.00 | -7,264.00 | 12,824.00 | -21,071.00 | -14,288.00 | -7,483.00 | 18,949.00 | -26,872.00 | -17,675.00 | -8,372.00 | 11,284.00 | -21,802.00 | -13,847.00 | -6,223.00 | -3,142.00 | -11,083.00 |
| EBIT | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,889.00 | -50,039.00 | -33,023.00 | -15,625.00 | 26,678.00 | -45,539.00 | -29,577.00 | -13,765.00 | -39,235.00 | -10,682.00 |
| Deprecation and Amortization | 2,299.00 | 1,604.00 | 878.00 | -1,526.00 | 3,034.00 | 1,610.00 | 966.00 | -2,333.00 | 3,226.00 | 2,139.00 | 1,147.00 | 233.00 | 1,112.00 | 550.00 | 268.00 | 384.00 | 264.00 |
| EBITDA | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,556.00 | -46,813.00 | -30,884.00 | -14,478.00 | 26,911.00 | -44,427.00 | -29,027.00 | -13,497.00 | -38,851.00 | -10,418.00 |
| 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 | 0 | 0 |
| 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 | 0 | 0 |
| Average Shares Outstanding Basic | 38,856.00 | 34,999.00 | 33,440.00 | 34,733.90 | 27,071.00 | 26,179.00 | 26,034.00 | -75,810.98 | 25,380.00 | 25,293.00 | 25,240.00 | -46,283.73 | 23,449.00 | 22,930.00 | 0 | 0 | 0 |
| Average Shares Outstanding Diluted | 38,856.00 | 34,999.00 | 33,440.00 | 34,733.90 | 27,071.00 | 26,179.00 | 26,034.00 | -75,810.98 | 25,380.00 | 25,293.00 | 25,240.00 | -46,283.73 | 23,449.00 | 22,930.00 | 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 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -19,008.00 | -13,945.00 | -8,149.00 | 19,178.00 | -26,841.00 | -18,431.00 | -9,402.00 | 24,131.00 | -38,758.00 | -24,455.00 | -12,154.00 | 14,419.00 | -31,886.00 | -19,688.00 | -9,360.00 | -20,796.00 | -9,676.00 |
| Operating Net Income | -31,876.00 | -23,962.00 | -25,476.00 | -14,608.00 | -40,862.00 | -28,140.00 | -29,558.00 | -12,778.00 | -53,828.00 | -35,496.00 | -33,664.00 | -23,236.00 | -46,002.00 | -29,794.00 | -27,656.00 | -39,783.00 | -11,083.00 |
| Deprecation and Amortization | 2,299.00 | 1,604.00 | 878.00 | -1,526.00 | 3,034.00 | 1,610.00 | 966.00 | -2,333.00 | 3,226.00 | 2,139.00 | 1,147.00 | 233.00 | 1,112.00 | 550.00 | 268.00 | 384.00 | 264.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 9,560.00 | 7,217.00 | 3,925.00 | -7,878.00 | 12,040.00 | 7,999.00 | 3,870.00 | -9,485.00 | 14,522.00 | 9,556.00 | 4,415.00 | -5,287.00 | 11,283.00 | 6,881.00 | 2,905.00 | 19,431.00 | 735.00 |
| Change in Working Capital | -1,604.00 | -1,158.00 | -322.00 | 85.00 | -94.00 | -1,106.00 | 165.00 | -3,259.00 | 982.00 | -6.00 | -176.00 | -2,725.00 | 2,356.00 | 15.00 | -147.00 | 2,903.00 | -6.00 |
| Other Operating Activities | 2,613.00 | 2,354.00 | 12,846.00 | 43,105.00 | -959.00 | 1,206.00 | 15,155.00 | 51,986.00 | -3,660.00 | -648.00 | 16,124.00 | 45,434.00 | -635.00 | 2,660.00 | 15,270.00 | -3,731.00 | 414.00 |
| Investing Cash Flow | 23,942.00 | 23,942.00 | 18,229.00 | -24,592.00 | 17,288.00 | 16,819.00 | 10,294.00 | 4,239.00 | 16,586.00 | 4,912.00 | 4,123.00 | 430.00 | -71,979.00 | -633.00 | -254.00 | -235.00 | -235.00 |
| 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 | 0.00 |
| Net Purchase/Sale of PPE | 88.00 | 88.00 | 51.00 | -99.00 | 237.00 | 112.00 | 18.00 | -664.00 | 1,062.00 | 583.00 | 248.00 | -357.00 | 1,089.00 | 633.00 | 254.00 | 235.00 | 235.00 |
| Net Purchase/Sale of Investments Net | 29,470.00 | 29,470.00 | 23,720.00 | -52,509.00 | 96,975.00 | 60,169.00 | 30,388.00 | -119,875.00 | 145,352.00 | 110,505.00 | 41,629.00 | 5,927.00 | 70,890.00 | 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 | 0 |
| Other Investing Activities | -5,616.00 | -5,616.00 | -5,542.00 | 28,016.00 | -79,924.00 | -43,462.00 | -20,112.00 | 124,778.00 | -129,828.00 | -106,176.00 | -37,754.00 | -5,140.00 | -143,958.00 | -1,266.00 | -508.00 | -470.00 | -470.00 |
| Financing Cash Flow | -4,552.00 | -3,543.00 | -3,731.00 | 5,236.00 | 7,966.00 | 262.00 | 121.00 | 0.00 | 137.00 | 88.00 | 8.00 | 14,825.00 | 14,131.00 | 49.00 | 0 | 77,716.00 | 6,167.00 |
| Net Issuance/Repayment of Debt | 11,250.00 | 7,500.00 | 3,750.00 | 3,750.00 | 1,250.00 | 0 | 0 | 0 | 0 | 0 | 0 | 14,903.00 | 14,671.00 | 0 | 0 | 5,034.00 | 1,720.00 |
| Net Issuance/Repurchase of Equity | 6,690.00 | 3,942.00 | 42.00 | 9,109.00 | 9,033.00 | 65.00 | 121.00 | -174.00 | 80.00 | 2.00 | 132.00 | -197.00 | 194.00 | 49.00 | 0 | 74,244.00 | 13.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -22,492.00 | -14,985.00 | -7,523.00 | -7,623.00 | -2,317.00 | 197.00 | 0.00 | 174.00 | 57.00 | 86.00 | -124.00 | 119.00 | -734.00 | 0.00 | 0 | -1,562.00 | 4,434.00 |
| Net Change in Cash | 382.00 | 6,454.00 | 6,349.00 | -178.00 | -1,587.00 | -1,350.00 | 1,013.00 | 28,370.00 | -22,035.00 | -19,455.00 | -8,023.00 | 29,674.00 | -89,734.00 | -20,272.00 | -9,614.00 | 56,685.00 | -3,744.00 |
| Cash at Beginning of Period | 4,262.00 | 4,262.00 | 4,262.00 | 4,440.00 | 6,364.00 | 6,364.00 | 6,364.00 | -22,006.00 | 27,507.00 | 27,507.00 | 27,507.00 | -2,167.00 | 117,453.00 | 117,453.00 | 117,453.00 | 73,058.00 | 73,058.00 |
| Cash at End of Period | 4,644.00 | 10,716.00 | 10,611.00 | 4,262.00 | 4,777.00 | 5,014.00 | 7,377.00 | 6,364.00 | 5,472.00 | 8,052.00 | 19,484.00 | 27,507.00 | 27,719.00 | 97,181.00 | 107,839.00 | 129,743.00 | 69,314.00 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |