Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -4.74 -4.60 -5.57 53.25
Price to Sales 5.20 12.08 13.29 7.33 21.28
Book Value Per Common Share 5.26 6.12 9.01 11.89 7.71
Price to Book 2.83 3.12 2.29 3.40 3.37
Price to Operating Cash Flow -7.89 -4.62 3.40 -10.96 14.84
Price to Free Cash Flow
Enterprise Value to EBITDA 503161.53
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 2021-03-31 2020-12-31
Price to Earnings -5.69 -7.47 -6.89 -7.25 -13.97 -377.60 -9.41 -10.63
Price to Sales 6.59 4.43 27.58 5.91 7.33 11.22 15.36 27.49 53.26 23.96 40.81 125.54 84.76 103.58 210.65
Book Value Per Common Share 4.07 5.16 5.01 5.26 6.17 6.96 7.78 6.12 6.95 7.60 8.21 9.01 9.66 10.37 11.12 11.89 7.72 8.47 9.37 7.71
Price to Book 3.34 1.58 1.57 2.83 2.48 2.19 2.43 3.12 2.58 2.67 2.22 2.29 2.71 2.44 2.84 3.40 4.51 3.24 3.00 3.37
Price to Operating Cash Flow -3.90 -3.14 -5.85 -19.57 -14.06 -813.79 -6.06 -9.58 -13.59 3.70 3.10 3.46 -12.40 -13.97 -30.05
Price to Free Cash Flow
Enterprise Value to EBITDA 2451562.29

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY 120.51 4.46 -70.75 393.93
EBITDA YoY
Net Profit YoY
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 2021-03-31 2020-12-31
Earning YoY
Revenue YoY 13.83 571.43 26.09 26.90 59.26 116.00 75.02 148.62 -94.48 50.00 100.00
EBITDA YoY -95.30
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 10.85 10.26 14.01 7.20 2.73
Quick Ratio
Current Ratio 4.50 4.52 5.53 7.60 6.05
Debt to Equity 3.85 1.37 1.05 0.89 0.54
Long-Term Debt to Equity 3.38 0.97 0.75 0.69 0.30
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 2021-03-31 2020-12-31
Cash Per Common Share 8.01 8.91 10.13 10.61 12.15 10.94 11.54 10.05 10.86 12.72 13.07 13.84 14.62 16.27 16.94 7.05 2.60 4.49 5.50 2.66
Quick Ratio
Current Ratio 3.65 4.50 5.37 4.50 5.24 5.14 5.22 4.52 4.41 5.48 5.67 5.53 6.21 7.48 7.84 7.60 3.82 5.72 6.38 6.05
Debt to Equity 3.53 2.96 3.44 3.85 1.22 0.87 0.83 1.37 1.29 1.16 1.09 1.05 0.99 0.98 0.94 0.89 0.55 0.49 0.41 0.54
Long-Term Debt to Equity 2.99 2.58 3.08 3.38 0.84 0.55 0.54 0.97 0.91 0.84 0.79 0.75 0.74 0.76 0.74 0.69 0.28 0.27 0.21 0.30

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -12.04 -28.04 -19.85 3.32 -15.91
ROE -58.35 -66.45 -40.64 6.28 -24.46
Gross Margin
Operating Margin -92.25 -257.27 -237.50 14.27 -158.49
EBITDA Margin -75.97 -227.35 -225.00 14.87 -153.03
Net Profit Margin -109.69 -262.39 -238.39 13.80 -158.49
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 2021-03-31 2020-12-31
ROA -12.51 -5.15 -4.75 -15.10 -8.18 -0.31 -18.98 -12.70 -6.38 -14.32 -9.12 -4.41 -26.99 -16.53 -7.76
ROE -56.65 -20.40 -21.09 -33.45 -15.28 -0.57 -43.46 -27.39 -13.33 -28.56 -18.01 -8.54 -41.75 -24.57 -10.92
Gross Margin
Operating Margin -112.62 -57.98 -367.86 -80.60 -52.72 -2.76 -256.98 -281.48 -312.00 -253.42 -298.50 -372.06 -798.15 -785.13 -767.29
EBITDA Margin -102.34 -50.00 -335.71 -67.24 -40.76 4.83 -229.07 -266.67 -296.00 -242.49 -288.27 -362.27 -792.93 -778.13 -758.49
Net Profit Margin -115.42 -59.57 -400.00 -81.47 -52.72 -2.76 -262.79 -287.04 -320.00 -254.70 -300.74 -377.63 -798.15 -785.13 -767.29

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 2024-06-30 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 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 2,350,000.00 1,095,000.00 1,345,000.00 1,591,898.00 772,292.00
   Current Assets 1,016,000.00 831,000.00 1,067,000.00 1,261,750.00 735,815.00
      Cash and Short-Term Investments 978,000.00 759,000.00 1,009,000.00 499,308.00 173,415.00
            Cash and Cash Equivalents 150,000.00 127,000.00 206,000.00 147,914.00 173,415.00
            Short-Term Investments 828,000.00 632,000.00 803,000.00 351,394.00 0
      Net Receivables 0 0 0 0 0
      Inventory 0 0 0 0 0
      Other Current Assets 38,000.00 72,000.00 58,000.00 762,442.00 562,400.00
   Non-Current Assets 1,334,000.00 264,000.00 278,000.00 330,148.00 36,477.00
      Property, Plant, Equipment Net 112,000.00 143,000.00 135,000.00 137,423.00 23,588.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 14,000.00 107,000.00 129,000.00 181,990.00 6,440.00
      Non-Current Deferred Assets 45,000.00 66,000.00 19,000.00 23,557.00 2,407.00
      Other Non-Current Assets 1,163,000.00 -52,000.00 -5,000.00 -12,822.00 4,042.00
Liabilities 1,865,000.00 633,000.00 688,000.00 750,448.00 269,988.00
   Current Liabilities 226,000.00 184,000.00 193,000.00 166,084.00 121,669.00
      Payables and Expenses 49,000.00 43,000.00 45,000.00 34,442.00 25,225.00
            Account Payables 18,000.00 17,000.00 20,000.00 10,261.00 15,682.00
            Current Accrued Liabilities 31,000.00 26,000.00 25,000.00 24,181.00 9,543.00
      Short-Term Debt 12,000.00 11,000.00 3,000.00 5,100.00 2,900.00
      Other Current Liabilities 165,000.00 130,000.00 145,000.00 126,542.00 93,544.00
   Non-Current Liabilities 1,639,000.00 449,000.00 495,000.00 584,364.00 148,319.00
      Long-Term Debt 99,000.00 110,000.00 117,000.00 116,887.00 15,243.00
      Other Non-Current Liabilities 1,540,000.00 339,000.00 378,000.00 467,477.00 133,076.00
Equity 485,000.00 462,000.00 657,000.00 841,450.00 502,304.00
   Shareholders Equity 485,000.00 462,000.00 657,000.00 841,450.00 502,304.00
      Capital Stock 1,617,000.00 1,311,000.00 1,206,000.00 7.00 6.00
      Share Premium 0 0 0 1,118,058.00 830,438.00
      Retained Earnings -1,132,000.00 -849,000.00 -542,000.00 -275,354.00 -328,184.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 -7,000.00 -1,261.00 44.00
   Minority Interest 0 0 0 0 0
Investments 842,000.00 739,000.00 932,000.00 533,384.00 6,440.00
Debt 48,000.00 121,000.00 126,000.00 116,887.00 15,243.00
Common Shares Outstanding 92,200.00 75,500.00 72,900.00 70,781.74 65,114.68
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 258,000.00 117,000.00 112,000.00 382,882.00 77,517.00
Operating Expenses 588,000.00 457,000.00 392,000.00 328,634.00 201,752.00
   Selling, General and Administrative Expenses 120,000.00 117,000.00 104,000.00 72,286.00 42,404.00
   Research and Development Expenses 448,000.00 343,000.00 288,000.00 257,348.00 159,848.00
   Other Operating Expenses 20,000.00 -3,000.00 0.00 -1,000.00 -500.00
Operating Income -330,000.00 -340,000.00 -280,000.00 54,248.00 -124,235.00
Net Non-Operating Income 48,000.00 39,000.00 14,000.00 397.00 1,377.00
Interest Expense 44,000.00 0.00 0.00 0.00 0.00
EBT -282,000.00 -301,000.00 -266,000.00 54,645.00 -122,858.00
Income Tax 1,000.00 6,000.00 1,000.00 1,815.00 0.00
Equity Method Investments Income 0 0 0 0 -13.00
Net Income -283,000.00 -307,000.00 -267,000.00 52,830.00 -122,858.00
EBIT -238,000.00 -301,000.00 -266,000.00 54,645.00 -122,858.00
Deprecation and Amortization 42,000.00 35,000.00 14,000.00 2,285.00 4,237.00
EBITDA -196,000.00 -266,000.00 -252,000.00 56,930.00 -118,621.00
EPS -0.00 -0.00 -0.00 0.00 0
Diluted EPS -0.00 -0.00 -0.00 0.00 0
Average Shares Outstanding Basic 90,100.00 74,000.00 72,000.00 69,345.49 63,527.93
Average Shares Outstanding Diluted 90,100.00 74,000.00 72,000.00 73,966.27 65,145.71
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -170,000.00 -306,000.00 438,000.00 -256,171.00 111,170.00
   Operating Net Income -283,000.00 -307,000.00 -267,000.00 52,830.00 -122,858.00
   Deprecation and Amortization 42,000.00 35,000.00 14,000.00 2,285.00 4,237.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 76,000.00 73,000.00 65,000.00 54,528.00 21,825.00
   Change in Working Capital -142,000.00 -173,000.00 -789,000.00 -343,349.00 209,574.00
   Other Operating Activities 137,000.00 66,000.00 1,415,000.00 -22,465.00 -1,608.00
Investing Cash Flow -84,000.00 194,000.00 -413,000.00 -3,868.00 -434,367.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 6,000.00 24,000.00 6,000.00 26,078.00 3,055.00
   Net Purchase/Sale of Investments Net 1,043,000.00 788,000.00 1,241,000.00 1,408,939.00 1,047,001.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -1,133,000.00 -618,000.00 -1,660,000.00 -1,438,885.00 -1,484,423.00
Financing Cash Flow 277,000.00 33,000.00 33,000.00 237,340.00 438,675.00
   Net Issuance/Repayment of Debt 47,000.00 0 0 0 0
   Net Issuance/Repurchase of Equity 228,000.00 45,000.00 0 220,235.00 433,776.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 2,000.00 -12,000.00 33,000.00 17,105.00 4,899.00
Net Change in Cash 23,000.00 -79,000.00 58,000.00 -22,699.00 115,478.00
   Cash at Beginning of Period 130,000.00 209,000.00 151,000.00 173,618.00 58,140.00
   Cash at End of Period 153,000.00 130,000.00 209,000.00 150,919.00 173,618.00
Free Cash Flow 0 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 2021-03-31 2020-12-31
Assets 1,974,000.00 2,175,000.00 2,356,000.00 2,350,000.00 1,252,000.00 1,186,000.00 1,293,000.00 1,095,000.00 1,191,000.00 1,220,000.00 1,254,000.00 1,345,000.00 1,393,822.00 1,476,773.00 1,543,427.00 1,591,898.00 839,290.00 898,773.00 935,119.00 772,292.00
   Current Assets 857,000.00 946,000.00 1,031,000.00 1,016,000.00 1,127,000.00 1,022,000.00 1,064,000.00 831,000.00 882,000.00 986,000.00 1,015,000.00 1,067,000.00 1,101,116.00 1,227,475.00 1,264,226.00 1,261,750.00 545,288.00 745,954.00 841,870.00 735,815.00
      Cash and Short-Term Investments 831,000.00 911,000.00 997,000.00 978,000.00 1,089,000.00 969,000.00 995,000.00 759,000.00 799,000.00 930,000.00 954,000.00 1,009,000.00 1,048,782.00 1,172,776.00 1,213,534.00 499,308.00 179,432.00 320,482.00 390,260.00 173,415.00
            Cash and Cash Equivalents 238,000.00 248,000.00 192,000.00 150,000.00 201,000.00 156,000.00 185,000.00 127,000.00 184,000.00 230,000.00 238,000.00 206,000.00 217,647.00 272,629.00 548,783.00 147,914.00 179,432.00 320,482.00 390,260.00 173,415.00
            Short-Term Investments 593,000.00 663,000.00 805,000.00 828,000.00 888,000.00 813,000.00 810,000.00 632,000.00 615,000.00 700,000.00 716,000.00 803,000.00 831,135.00 900,147.00 664,751.00 351,394.00 0 0 0 0
      Net Receivables 0 0 0 0 0 0 0 0 0 0 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 0 0
      Other Current Assets 26,000.00 35,000.00 34,000.00 38,000.00 38,000.00 53,000.00 69,000.00 72,000.00 83,000.00 56,000.00 61,000.00 58,000.00 52,334.00 54,699.00 50,692.00 762,442.00 365,856.00 425,472.00 451,610.00 562,400.00
   Non-Current Assets 1,117,000.00 1,229,000.00 1,325,000.00 1,334,000.00 125,000.00 164,000.00 229,000.00 264,000.00 309,000.00 234,000.00 239,000.00 278,000.00 292,706.00 249,298.00 279,201.00 330,148.00 294,002.00 152,819.00 93,249.00 36,477.00
      Property, Plant, Equipment Net 42,000.00 44,000.00 46,000.00 112,000.00 48,000.00 49,000.00 51,000.00 143,000.00 50,000.00 45,000.00 37,000.00 135,000.00 135,965.00 137,441.00 136,473.00 137,423.00 64,371.00 59,943.00 27,092.00 23,588.00
      Goodwill 0 0 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 0 0
      Long-Term Investments 10,000.00 16,000.00 8,000.00 14,000.00 2,000.00 40,000.00 100,000.00 107,000.00 151,000.00 80,000.00 90,000.00 129,000.00 143,138.00 98,329.00 128,836.00 181,990.00 218,730.00 84,096.00 57,986.00 6,440.00
      Non-Current Deferred Assets 0 0 0 45,000.00 0 0 0 66,000.00 0 0 0 19,000.00 0 0 0 23,557.00 0 0 0 2,407.00
      Other Non-Current Assets 1,065,000.00 1,169,000.00 1,271,000.00 1,163,000.00 75,000.00 75,000.00 78,000.00 -52,000.00 108,000.00 109,000.00 112,000.00 -5,000.00 13,603.00 13,528.00 13,892.00 -12,822.00 10,901.00 8,780.00 8,171.00 4,042.00
Liabilities 1,538,000.00 1,626,000.00 1,825,000.00 1,865,000.00 687,000.00 551,000.00 586,000.00 633,000.00 671,000.00 654,000.00 654,000.00 688,000.00 695,121.00 729,387.00 746,848.00 750,448.00 296,683.00 294,218.00 270,329.00 269,988.00
   Current Liabilities 235,000.00 210,000.00 192,000.00 226,000.00 215,000.00 199,000.00 204,000.00 184,000.00 200,000.00 180,000.00 179,000.00 193,000.00 177,176.00 164,024.00 161,254.00 166,084.00 142,866.00 130,370.00 132,055.00 121,669.00
      Payables and Expenses 99,000.00 63,000.00 39,000.00 49,000.00 40,000.00 35,000.00 31,000.00 43,000.00 39,000.00 27,000.00 40,000.00 45,000.00 31,074.00 36,422.00 34,290.00 34,442.00 27,844.00 26,663.00 32,080.00 25,225.00
            Account Payables 71,000.00 42,000.00 22,000.00 18,000.00 13,000.00 15,000.00 16,000.00 17,000.00 17,000.00 12,000.00 28,000.00 20,000.00 10,546.00 21,984.00 18,094.00 10,261.00 13,219.00 16,957.00 24,544.00 15,682.00
            Current Accrued Liabilities 28,000.00 21,000.00 17,000.00 31,000.00 27,000.00 20,000.00 15,000.00 26,000.00 22,000.00 15,000.00 12,000.00 25,000.00 20,528.00 14,438.00 16,196.00 24,181.00 14,625.00 9,706.00 7,536.00 9,543.00
      Short-Term Debt 13,000.00 12,000.00 12,000.00 12,000.00 11,000.00 11,000.00 11,000.00 11,000.00 9,000.00 0 0 3,000.00 0 0 0 5,100.00 2,800.00 2,500.00 0 2,900.00
      Other Current Liabilities 123,000.00 135,000.00 141,000.00 165,000.00 164,000.00 153,000.00 162,000.00 130,000.00 152,000.00 153,000.00 139,000.00 145,000.00 146,102.00 127,602.00 126,964.00 126,542.00 112,222.00 101,207.00 99,975.00 93,544.00
   Non-Current Liabilities 1,303,000.00 1,416,000.00 1,633,000.00 1,639,000.00 472,000.00 352,000.00 382,000.00 449,000.00 471,000.00 474,000.00 475,000.00 495,000.00 517,945.00 565,363.00 585,594.00 584,364.00 153,817.00 163,848.00 138,274.00 148,319.00
      Long-Term Debt 0 0 0 99,000.00 0 0 0 110,000.00 0 0 0 117,000.00 119,195.00 121,343.00 114,815.00 116,887.00 48,943.00 49,741.00 14,706.00 15,243.00
      Other Non-Current Liabilities 0 0 0 1,540,000.00 0 0 0 339,000.00 0 0 0 378,000.00 398,750.00 444,020.00 470,779.00 467,477.00 104,874.00 114,107.00 123,568.00 133,076.00
Equity 436,000.00 549,000.00 531,000.00 485,000.00 565,000.00 635,000.00 707,000.00 462,000.00 520,000.00 566,000.00 600,000.00 657,000.00 698,701.00 747,386.00 796,579.00 841,450.00 542,607.00 604,555.00 664,790.00 502,304.00
   Shareholders Equity 436,000.00 549,000.00 531,000.00 485,000.00 565,000.00 635,000.00 707,000.00 462,000.00 520,000.00 566,000.00 600,000.00 657,000.00 698,701.00 747,386.00 796,579.00 841,450.00 542,607.00 604,555.00 664,790.00 502,304.00
      Capital Stock 1,815,000.00 1,793,000.00 1,775,000.00 1,617,000.00 1,602,000.00 1,582,000.00 1,561,000.00 1,311,000.00 1,291,000.00 1,267,000.00 1,226,000.00 1,206,000.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 6.00
      Share Premium 0 0 0 0 0 0 0 0 0 0 0 0 1,183,393.00 1,164,602.00 1,144,579.00 1,118,058.00 1,097,414.00 1,081,341.00 1,065,562.00 830,438.00
      Retained Earnings -1,379,000.00 -1,244,000.00 -1,244,000.00 -1,132,000.00 -1,038,000.00 -946,000.00 -853,000.00 -849,000.00 -768,000.00 -697,000.00 -622,000.00 -542,000.00 -474,898.00 -409,979.00 -343,347.00 -275,354.00 -554,722.00 -476,747.00 -400,777.00 -328,184.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 1,000.00 -1,000.00 -1,000.00 0 -3,000.00 -4,000.00 -4,000.00 -7,000.00 -9,801.00 -7,244.00 -4,660.00 -1,261.00 -92.00 -46.00 -2.00 44.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 603,000.00 679,000.00 813,000.00 842,000.00 890,000.00 853,000.00 910,000.00 739,000.00 766,000.00 780,000.00 806,000.00 932,000.00 974,273.00 998,476.00 793,587.00 533,384.00 218,730.00 84,096.00 57,986.00 6,440.00
Debt 98,000.00 97,000.00 48,000.00 48,000.00 47,000.00 11,000.00 11,000.00 121,000.00 9,000.00 0 0 126,000.00 119,195.00 121,343.00 114,815.00 116,887.00 48,943.00 49,741.00 14,706.00 15,243.00
Common Shares Outstanding 107,100.00 106,400.00 105,900.00 92,200.00 91,500.00 91,300.00 90,900.00 75,500.00 74,800.00 74,500.00 73,100.00 72,900.00 72,352.38 72,085.47 71,622.31 70,781.74 70,241.59 71,374.06 70,965.51 65,114.68
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 2021-03-31
Revenues 214,000.00 188,000.00 28,000.00 -303,000.00 232,000.00 184,000.00 145,000.00 -48,000.00 86,000.00 54,000.00 25,000.00 -29,114.00 78,345.00 44,764.00 18,005.00 326,116.00 28,383.00 18,922.00 9,461.00
Operating Expenses 486,000.00 318,000.00 150,000.00 -338,000.00 459,000.00 306,000.00 161,000.00 -212,000.00 335,000.00 223,000.00 111,000.00 -158,015.00 283,904.00 180,926.00 85,185.00 -176,781.00 255,402.00 167,805.00 82,208.00
   Selling, General and Administrative Expenses 89,000.00 59,000.00 28,000.00 -66,000.00 92,000.00 62,000.00 32,000.00 -59,000.00 88,000.00 58,000.00 30,000.00 -45,888.00 76,104.00 49,810.00 23,974.00 -25,172.00 48,990.00 32,647.00 15,821.00
   Research and Development Expenses 402,000.00 261,000.00 122,000.00 -241,000.00 352,000.00 227,000.00 110,000.00 -150,000.00 247,000.00 165,000.00 81,000.00 -112,427.00 207,800.00 131,116.00 61,511.00 -151,509.00 206,412.00 135,758.00 66,687.00
   Other Operating Expenses -5,000.00 -2,000.00 0.00 -31,000.00 15,000.00 17,000.00 19,000.00 -3,000.00 0.00 0.00 0.00 300.00 0.00 0.00 -300.00 -100.00 0.00 -600.00 -300.00
Operating Income -272,000.00 -130,000.00 -122,000.00 35,000.00 -227,000.00 -122,000.00 -16,000.00 164,000.00 -249,000.00 -169,000.00 -86,000.00 128,901.00 -205,559.00 -136,162.00 -67,180.00 502,897.00 -227,019.00 -148,883.00 -72,747.00
Net Non-Operating Income 25,000.00 18,000.00 10,000.00 -27,000.00 38,000.00 25,000.00 12,000.00 -14,000.00 28,000.00 17,000.00 8,000.00 4,249.00 7,019.00 2,541.00 191.00 -558.00 481.00 320.00 154.00
Interest Expense 6,000.00 3,000.00 9,000.00 42,000.00 2,000.00 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
EBT -247,000.00 -112,000.00 -112,000.00 8,000.00 -189,000.00 -97,000.00 -4,000.00 150,000.00 -221,000.00 -152,000.00 -78,000.00 133,150.00 -198,540.00 -133,621.00 -66,989.00 502,339.00 -226,538.00 -148,563.00 -72,593.00
Income Tax 0.00 0.00 0.00 1,000.00 0.00 0.00 0.00 -4,000.00 5,000.00 3,000.00 2,000.00 -2,012.00 1,004.00 1,004.00 1,004.00 1,815.00 0.00 0.00 0.00
Net Income -247,000.00 -112,000.00 -112,000.00 7,000.00 -189,000.00 -97,000.00 -4,000.00 154,000.00 -226,000.00 -155,000.00 -80,000.00 135,162.00 -199,544.00 -134,625.00 -67,993.00 500,524.00 -226,538.00 -148,563.00 -72,593.00
EBIT -241,000.00 -109,000.00 -103,000.00 50,000.00 -187,000.00 -97,000.00 -4,000.00 150,000.00 -221,000.00 -152,000.00 -78,000.00 133,150.00 -198,540.00 -133,621.00 -66,989.00 502,339.00 -226,538.00 -148,563.00 -72,593.00
Deprecation and Amortization 22,000.00 15,000.00 9,000.00 -22,000.00 31,000.00 22,000.00 11,000.00 -1,000.00 24,000.00 8,000.00 4,000.00 -904.00 8,559.00 4,582.00 1,763.00 -1,352.00 1,480.00 1,325.00 832.00
EBITDA -219,000.00 -94,000.00 -94,000.00 28,000.00 -156,000.00 -75,000.00 7,000.00 149,000.00 -197,000.00 -144,000.00 -74,000.00 132,246.00 -189,981.00 -129,039.00 -65,226.00 500,987.00 -225,058.00 -147,238.00 -71,761.00
EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 0 0 0 0.00 -0.00 0 0 0.00 -0.00 0 0
Diluted EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 0 0 0 0.00 -0.00 0 0 0.00 -0.00 0 0
Average Shares Outstanding Basic 103,700.00 102,300.00 98,400.00 96,000.00 89,600.00 88,600.00 86,200.00 76,300.00 73,600.00 73,100.00 73,000.00 216,247.75 71,752.25 0 0 208,391.67 68,990.29 0 0
Average Shares Outstanding Diluted 103,700.00 102,300.00 98,400.00 96,000.00 89,600.00 88,600.00 86,200.00 76,300.00 73,600.00 73,100.00 73,000.00 216,247.75 71,752.25 0 0 226,874.78 68,990.29 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 2021-03-31
Operating Cash Flow -362,000.00 -265,000.00 -132,000.00 -2,000.00 -70,000.00 -96,000.00 -2,000.00 165,000.00 -218,000.00 -155,000.00 -98,000.00 -1,312,438.00 507,739.00 588,698.00 654,001.00 144,524.00 -194,068.00 -140,311.00 -66,316.00
   Operating Net Income -247,000.00 -112,000.00 -112,000.00 7,000.00 -189,000.00 -97,000.00 -4,000.00 154,000.00 -226,000.00 -155,000.00 -80,000.00 135,162.00 -199,544.00 -134,625.00 -67,993.00 500,524.00 -226,538.00 -148,563.00 -72,593.00
   Deprecation and Amortization 22,000.00 15,000.00 9,000.00 -22,000.00 31,000.00 22,000.00 11,000.00 -1,000.00 24,000.00 8,000.00 4,000.00 -904.00 8,559.00 4,582.00 1,763.00 -1,352.00 1,480.00 1,325.00 832.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 45,000.00 31,000.00 16,000.00 -43,000.00 59,000.00 40,000.00 20,000.00 -38,000.00 55,000.00 37,000.00 19,000.00 -32,237.00 48,478.00 32,218.00 16,541.00 -25,074.00 40,713.00 26,128.00 12,761.00
   Change in Working Capital -383,000.00 -396,000.00 -77,000.00 277,000.00 -83,000.00 -216,000.00 -120,000.00 26,000.00 -121,000.00 -44,000.00 -34,000.00 1,477,341.00 -790,836.00 -751,587.00 -723,918.00 -310,738.00 -24,365.00 -13,189.00 4,943.00
   Other Operating Activities 201,000.00 197,000.00 32,000.00 -221,000.00 112,000.00 155,000.00 91,000.00 24,000.00 50,000.00 -1,000.00 -7,000.00 -2,891,800.00 1,441,082.00 1,438,110.00 1,427,608.00 -18,836.00 14,642.00 -6,012.00 -12,259.00
Investing Cash Flow 248,000.00 169,000.00 32,000.00 326,000.00 -135,000.00 -106,000.00 -169,000.00 -256,000.00 166,000.00 155,000.00 129,000.00 798,128.00 -459,811.00 -483,257.00 -268,060.00 -109,741.00 -22,782.00 65,829.00 62,826.00
   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 0.00 0.00
   Net Purchase/Sale of PPE 1,000.00 1,000.00 1,000.00 -7,000.00 5,000.00 4,000.00 4,000.00 -5,000.00 18,000.00 8,000.00 3,000.00 -6,710.00 5,620.00 4,302.00 2,788.00 -4,849.00 17,572.00 9,714.00 3,641.00
   Net Purchase/Sale of Investments Net 679,000.00 514,000.00 353,000.00 -808,000.00 871,000.00 593,000.00 387,000.00 -432,000.00 673,000.00 393,000.00 154,000.00 -1,832,597.00 1,576,252.00 1,025,955.00 471,390.00 -1,001,237.00 1,156,990.00 809,423.00 443,763.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -432,000.00 -346,000.00 -322,000.00 1,141,000.00 -1,011,000.00 -703,000.00 -560,000.00 181,000.00 -525,000.00 -246,000.00 -28,000.00 2,637,435.00 -2,041,683.00 -1,513,514.00 -742,238.00 896,345.00 -1,197,344.00 -753,308.00 -384,578.00
Financing Cash Flow 202,000.00 194,000.00 142,000.00 -462,000.00 279,000.00 231,000.00 229,000.00 -22,000.00 30,000.00 24,000.00 1,000.00 -23,007.00 21,805.00 19,274.00 14,928.00 -434,800.00 225,669.00 224,351.00 222,120.00
   Net Issuance/Repayment of Debt 49,000.00 49,000.00 0 0.00 47,000.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 164,000.00 156,000.00 156,000.00 -456,000.00 228,000.00 228,000.00 228,000.00 -20,000.00 45,000.00 20,000.00 0 0 0 0 0 -220,235.00 220,235.00 220,235.00 0
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -11,000.00 -11,000.00 -14,000.00 -6,000.00 4,000.00 3,000.00 1,000.00 -2,000.00 -15,000.00 4,000.00 1,000.00 -23,007.00 21,805.00 19,274.00 14,928.00 -214,565.00 5,434.00 4,116.00 222,120.00
Net Change in Cash 88,000.00 98,000.00 42,000.00 -138,000.00 74,000.00 29,000.00 58,000.00 -113,000.00 -22,000.00 24,000.00 32,000.00 -537,317.00 69,733.00 124,715.00 400,869.00 -400,017.00 8,819.00 149,869.00 218,630.00
   Cash at Beginning of Period 153,000.00 153,000.00 153,000.00 291,000.00 130,000.00 130,000.00 130,000.00 243,000.00 209,000.00 209,000.00 209,000.00 746,317.00 150,919.00 150,919.00 150,919.00 550,936.00 173,618.00 173,618.00 173,618.00
   Cash at End of Period 241,000.00 251,000.00 195,000.00 153,000.00 204,000.00 159,000.00 188,000.00 130,000.00 187,000.00 233,000.00 241,000.00 209,000.00 220,652.00 275,634.00 551,788.00 150,919.00 182,437.00 323,487.00 392,248.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0