RIVN
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -2.84 | -4.09 | ||
| Price to Sales | 2.71 | 5.01 | ||
| Book Value Per Common Share | 9.44 | 14.90 | 21.68 | |
| Price to Book | 2.48 | |||
| Price to Operating Cash Flow | -7.85 | -4.57 | ||
| Price to Free Cash Flow | ||||
| Enterprise Value to EBITDA |
| 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 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price to Earnings | -6.07 | -14.16 | -25.94 | -2.80 | -4.58 | -7.40 | |||||||||
| Price to Sales | 4.19 | 12.18 | 11.42 | 3.46 | 5.62 | 8.89 | |||||||||
| Book Value Per Common Share | 5.00 | 5.78 | 6.76 | 8.12 | 9.44 | 11.04 | 12.38 | 14.90 | 16.65 | 18.41 | 20.27 | 21.68 | |||
| Price to Book | 2.75 | 1.94 | 1.98 | 1.35 | 2.48 | ||||||||||
| Price to Operating Cash Flow | -175.39 | 248.01 | -75.32 | -3.86 | -6.57 | -8.44 | |||||||||
| Price to Free Cash Flow | -39.87 | ||||||||||||||
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 12.09 | 167.43 | 2914.55 | |
| 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 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earning YoY | |||||||||||||||
| Revenue YoY | 214.74 | 5.08 | 37.00 | 96.18 | -61.40 | 75.03 | 1534.86 | 116.78 | 383.16 | ||||||
| EBITDA YoY | |||||||||||||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 7.60 | 9.89 | 12.67 | 88.89 |
| Quick Ratio | 3.62 | 3.83 | 4.81 | 13.83 |
| Current Ratio | 4.70 | 4.95 | 5.42 | 14.13 |
| Debt to Equity | 1.35 | 0.84 | 0.30 | 0.14 |
| Long-Term Debt to Equity | 1.01 | 0.56 | 0.12 | 0.08 |
| 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 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 6.05 | 6.50 | 6.31 | 6.81 | 6.75 | 7.95 | 8.03 | 9.68 | 9.70 | 10.89 | 12.49 | 14.60 | 16.51 | 18.24 | 20.15 |
| Quick Ratio | 2.13 | 2.64 | 2.72 | 3.62 | 3.60 | 3.89 | 3.43 | 3.83 | 3.57 | 4.64 | 4.81 | 6.34 | 8.55 | 10.80 | 13.83 |
| Current Ratio | 2.71 | 3.44 | 3.73 | 4.70 | 5.09 | 5.25 | 4.71 | 4.95 | 4.61 | 5.66 | 5.42 | 6.84 | 8.97 | 11.19 | 14.13 |
| Debt to Equity | 1.99 | 1.57 | 1.49 | 1.35 | 1.42 | 1.25 | 0.95 | 0.84 | 0.56 | 0.47 | 0.30 | 0.24 | 0.20 | 0.17 | 0.14 |
| Long-Term Debt to Equity | 1.32 | 1.08 | 1.04 | 1.01 | 1.09 | 0.95 | 0.65 | 0.56 | 0.31 | 0.28 | 0.12 | 0.10 | 0.09 | 0.08 | 0.08 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -30.80 | -32.38 | -37.77 | -21.03 |
| ROE | -72.34 | -59.42 | -48.93 | -24.02 |
| Gross Margin | -48.29 | -45.78 | -188.36 | -845.45 |
| Operating Margin | -88.99 | -117.52 | -400.78 | -8470.91 |
| EBITDA Margin | -68.25 | -96.39 | -361.46 | -8112.73 |
| Net Profit Margin | -95.51 | -122.51 | -407.24 | -8523.64 |
| 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 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -18.63 | -7.16 | -3.52 | -28.07 | -18.91 | -9.19 | -23.77 | -14.77 | -26.44 | -16.38 | -7.48 | ||||
| ROE | -55.76 | -18.37 | -8.75 | -67.86 | -42.58 | -17.92 | -37.06 | -21.72 | -32.79 | -19.59 | -8.72 | ||||
| Gross Margin | 0.59 | -15.81 | 16.61 | -42.34 | -41.41 | -43.77 | -45.66 | -53.14 | -213.37 | -262.75 | -528.42 | ||||
| Operating Margin | -63.62 | -80.12 | -37.66 | -116.32 | -116.47 | -113.79 | -120.65 | -137.54 | -497.99 | -709.37 | -1653.68 | ||||
| EBITDA Margin | -49.40 | -65.08 | -21.53 | -91.19 | -93.01 | -90.53 | -99.26 | -114.48 | -452.46 | -648.58 | -1529.47 | ||||
| Net Profit Margin | -69.13 | -85.73 | -43.95 | -123.70 | -122.90 | -120.10 | -125.39 | -142.76 | -505.43 | -720.04 | -1676.84 |
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 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | |||||||||||||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 15,410,000.00 | 16,778,000.00 | 17,876,000.00 | 22,294,000.00 |
| Current Assets | 10,583,000.00 | 12,313,000.00 | 13,130,000.00 | 18,559,000.00 |
| Cash and Short-Term Investments | 7,700,000.00 | 9,368,000.00 | 11,568,000.00 | 18,133,000.00 |
| Cash and Cash Equivalents | 5,294,000.00 | 7,857,000.00 | 11,568,000.00 | 18,133,000.00 |
| Short-Term Investments | 2,406,000.00 | 1,511,000.00 | 0 | 0 |
| Net Receivables | 443,000.00 | 161,000.00 | 102,000.00 | 26,000.00 |
| Inventory | 2,248,000.00 | 2,620,000.00 | 1,348,000.00 | 274,000.00 |
| Other Current Assets | 192,000.00 | 164,000.00 | 112,000.00 | 126,000.00 |
| Non-Current Assets | 4,827,000.00 | 4,465,000.00 | 4,746,000.00 | 3,735,000.00 |
| Property, Plant, Equipment Net | 4,381,000.00 | 4,230,000.00 | 4,088,000.00 | 3,411,000.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 442,000.00 | 33,000.00 | 0 | 0 |
| Other Non-Current Assets | 4,000.00 | 202,000.00 | 658,000.00 | 324,000.00 |
| Liabilities | 8,848,000.00 | 7,637,000.00 | 4,077,000.00 | 2,780,000.00 |
| Current Liabilities | 2,251,000.00 | 2,487,000.00 | 2,424,000.00 | 1,313,000.00 |
| Payables and Expenses | 1,334,000.00 | 2,126,000.00 | 2,154,000.00 | 1,150,000.00 |
| Account Payables | 499,000.00 | 981,000.00 | 1,000,000.00 | 483,000.00 |
| Current Accrued Liabilities | 835,000.00 | 1,145,000.00 | 1,154,000.00 | 667,000.00 |
| Short-Term Debt | 98,000.00 | 85,000.00 | 68,000.00 | 0 |
| Other Current Liabilities | 819,000.00 | 276,000.00 | 202,000.00 | 163,000.00 |
| Non-Current Liabilities | 6,597,000.00 | 5,150,000.00 | 1,653,000.00 | 1,467,000.00 |
| Long-Term Debt | 4,820,000.00 | 4,755,000.00 | 1,542,000.00 | 1,444,000.00 |
| Other Non-Current Liabilities | 1,777,000.00 | 395,000.00 | 111,000.00 | 23,000.00 |
| Equity | 6,562,000.00 | 9,141,000.00 | 13,799,000.00 | 19,514,000.00 |
| Shareholders Equity | 0 | 9,141,000.00 | 13,799,000.00 | 19,514,000.00 |
| Capital Stock | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 |
| Share Premium | 29,866,000.00 | 27,695,000.00 | 26,926,000.00 | 25,887,000.00 |
| Retained Earnings | -23,305,000.00 | -18,558,000.00 | -13,126,000.00 | -6,374,000.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -4,000.00 | 3,000.00 | -2,000.00 | 0 |
| Minority Interest | 4,000.00 | 0 | 0 | 0 |
| Investments | 2,406,000.00 | 1,511,000.00 | 0 | 0 |
| Debt | 4,820,000.00 | 4,755,000.00 | 1,542,000.00 | 1,444,000.00 |
| Common Shares Outstanding | 1,131,000.00 | 968,000.00 | 926,000.00 | 900,000.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 4,970,000.00 | 4,434,000.00 | 1,658,000.00 | 55,000.00 |
| Cost Of Revenue | 7,370,000.00 | 6,464,000.00 | 4,781,000.00 | 520,000.00 |
| Gross Profit | -2,400,000.00 | -2,030,000.00 | -3,123,000.00 | -465,000.00 |
| Operating Expenses | 2,289,000.00 | 3,709,000.00 | 3,733,000.00 | 3,755,000.00 |
| Selling, General and Administrative Expenses | 1,876,000.00 | 1,714,000.00 | 1,789,000.00 | 1,242,000.00 |
| Research and Development Expenses | 1,613,000.00 | 1,995,000.00 | 1,944,000.00 | 1,850,000.00 |
| Other Operating Expenses | -1,200,000.00 | 0.00 | 0.00 | 663,000.00 |
| Operating Income | -4,689,000.00 | -5,739,000.00 | -6,856,000.00 | -4,220,000.00 |
| Net Non-Operating Income | -52,000.00 | 308,000.00 | 108,000.00 | -468,000.00 |
| Interest Income | 703,000.00 | 742,000.00 | 296,000.00 | 32,000.00 |
| Interest Expense | 318,000.00 | 220,000.00 | 103,000.00 | 29,000.00 |
| Net Interest | 385,000.00 | 522,000.00 | 193,000.00 | 3,000.00 |
| EBT | -4,741,000.00 | -5,431,000.00 | -6,748,000.00 | -4,688,000.00 |
| Income Tax | 5,000.00 | 1,000.00 | 4,000.00 | 0.00 |
| Net Income Including Non-Controlling Interests | -4,748,000.00 | 0 | 0 | 0 |
| Net Income Non-Controlling Interests | 1,000.00 | 0 | 0 | 0 |
| Net Income | -4,747,000.00 | -5,432,000.00 | -6,752,000.00 | -4,688,000.00 |
| EBIT | -4,423,000.00 | -5,211,000.00 | -6,645,000.00 | -4,659,000.00 |
| Deprecation and Amortization | 1,031,000.00 | 937,000.00 | 652,000.00 | 197,000.00 |
| EBITDA | -3,392,000.00 | -4,274,000.00 | -5,993,000.00 | -4,462,000.00 |
| EPS | -0.00 | -0.01 | -0.01 | -0.02 |
| Diluted EPS | -0.00 | -0.01 | -0.01 | -0.02 |
| Average Shares Outstanding Basic | 1,013,000.00 | 947,000.00 | 913,000.00 | 204,000.00 |
| Average Shares Outstanding Diluted | 1,013,000.00 | 947,000.00 | 913,000.00 | 204,000.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -1,716,000.00 | -4,866,000.00 | -5,052,000.00 | -2,622,000.00 |
| Operating Net Income | -4,746,000.00 | -5,432,000.00 | -6,752,000.00 | -4,688,000.00 |
| Deprecation and Amortization | 1,031,000.00 | 937,000.00 | 652,000.00 | 197,000.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 692,000.00 | 821,000.00 | 987,000.00 | 570,000.00 |
| Change in Working Capital | 1,559,000.00 | 2,204,000.00 | 2,597,000.00 | 1,040,000.00 |
| Other Operating Activities | -252,000.00 | -3,396,000.00 | -2,536,000.00 | 259,000.00 |
| Investing Cash Flow | -1,980,000.00 | -2,511,000.00 | -1,369,000.00 | -1,794,000.00 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 1,141,000.00 | 1,026,000.00 | 1,369,000.00 | 1,794,000.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | -3,121,000.00 | -3,537,000.00 | -2,738,000.00 | -3,588,000.00 |
| Financing Cash Flow | 1,136,000.00 | 3,130,000.00 | 99,000.00 | 19,828,000.00 |
| Net Issuance/Repayment of Debt | 1,000,000.00 | 3,195,000.00 | 3,000.00 | 3,812,000.00 |
| Net Issuance/Repurchase of Equity | 64,000.00 | 61,000.00 | 102,000.00 | 16,188,000.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 72,000.00 | -126,000.00 | -6,000.00 | -172,000.00 |
| Net Change in Cash | -2,563,000.00 | -4,242,000.00 | -6,324,000.00 | 15,412,000.00 |
| Cash at Beginning of Period | 0 | 12,099,000.00 | 18,423,000.00 | 3,011,000.00 |
| Cash at End of Period | 0 | 7,857,000.00 | 12,099,000.00 | 18,423,000.00 |
| 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 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 15,217,000.00 | 15,597,000.00 | 15,505,000.00 | 15,410,000.00 | 14,262,000.00 | 15,354,000.00 | 15,734,000.00 | 16,778,000.00 | 16,456,000.00 | 17,227,000.00 | 17,876,000.00 | 19,023,000.00 | 20,171,000.00 | 21,297,000.00 | 22,294,000.00 |
| Current Assets | 9,275,000.00 | 10,120,000.00 | 10,394,000.00 | 10,583,000.00 | 9,837,000.00 | 10,957,000.00 | 11,314,000.00 | 12,313,000.00 | 12,086,000.00 | 12,861,000.00 | 13,130,000.00 | 14,424,000.00 | 15,732,000.00 | 17,046,000.00 | 18,559,000.00 |
| Cash and Short-Term Investments | 7,088,000.00 | 7,508,000.00 | 7,178,000.00 | 7,700,000.00 | 6,739,000.00 | 7,867,000.00 | 7,858,000.00 | 9,368,000.00 | 9,133,000.00 | 10,202,000.00 | 11,568,000.00 | 13,272,000.00 | 14,923,000.00 | 16,432,000.00 | 18,133,000.00 |
| Cash and Cash Equivalents | 4,441,000.00 | 4,812,000.00 | 4,693,000.00 | 5,294,000.00 | 5,396,000.00 | 5,763,000.00 | 5,979,000.00 | 7,857,000.00 | 7,941,000.00 | 9,260,000.00 | 11,568,000.00 | 13,272,000.00 | 14,923,000.00 | 16,432,000.00 | 18,133,000.00 |
| Short-Term Investments | 2,647,000.00 | 2,696,000.00 | 2,485,000.00 | 2,406,000.00 | 1,343,000.00 | 2,104,000.00 | 1,879,000.00 | 1,511,000.00 | 1,192,000.00 | 942,000.00 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 203,000.00 | 254,000.00 | 412,000.00 | 443,000.00 | 217,000.00 | 249,000.00 | 389,000.00 | 161,000.00 | 237,000.00 | 342,000.00 | 102,000.00 | 106,000.00 | 62,000.00 | 22,000.00 | 26,000.00 |
| Inventory | 1,638,000.00 | 2,103,000.00 | 2,589,000.00 | 2,248,000.00 | 2,680,000.00 | 2,583,000.00 | 2,797,000.00 | 2,620,000.00 | 2,530,000.00 | 2,161,000.00 | 1,348,000.00 | 949,000.00 | 655,000.00 | 494,000.00 | 274,000.00 |
| Other Current Assets | 346,000.00 | 255,000.00 | 215,000.00 | 192,000.00 | 201,000.00 | 258,000.00 | 270,000.00 | 164,000.00 | 186,000.00 | 156,000.00 | 112,000.00 | 97,000.00 | 92,000.00 | 98,000.00 | 126,000.00 |
| Non-Current Assets | 5,942,000.00 | 5,477,000.00 | 5,111,000.00 | 4,827,000.00 | 4,425,000.00 | 4,397,000.00 | 4,420,000.00 | 4,465,000.00 | 4,370,000.00 | 4,366,000.00 | 4,746,000.00 | 4,599,000.00 | 4,439,000.00 | 4,251,000.00 | 3,735,000.00 |
| Property, Plant, Equipment Net | 5,389,000.00 | 4,914,000.00 | 4,565,000.00 | 4,381,000.00 | 4,216,000.00 | 4,188,000.00 | 4,209,000.00 | 4,230,000.00 | 4,155,000.00 | 4,186,000.00 | 4,088,000.00 | 3,959,000.00 | 3,812,000.00 | 3,666,000.00 | 3,411,000.00 |
| Goodwill | 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 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 442,000.00 | 0 | 0 | 0 | 33,000.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 553,000.00 | 563,000.00 | 546,000.00 | 4,000.00 | 209,000.00 | 209,000.00 | 211,000.00 | 202,000.00 | 215,000.00 | 180,000.00 | 658,000.00 | 640,000.00 | 627,000.00 | 585,000.00 | 324,000.00 |
| Liabilities | 10,133,000.00 | 9,518,000.00 | 9,275,000.00 | 8,848,000.00 | 8,363,000.00 | 8,536,000.00 | 7,665,000.00 | 7,637,000.00 | 5,904,000.00 | 5,513,000.00 | 4,077,000.00 | 3,686,000.00 | 3,303,000.00 | 3,037,000.00 | 2,780,000.00 |
| Current Liabilities | 3,425,000.00 | 2,943,000.00 | 2,788,000.00 | 2,251,000.00 | 1,933,000.00 | 2,086,000.00 | 2,401,000.00 | 2,487,000.00 | 2,624,000.00 | 2,274,000.00 | 2,424,000.00 | 2,109,000.00 | 1,753,000.00 | 1,524,000.00 | 1,313,000.00 |
| Payables and Expenses | 1,942,000.00 | 1,506,000.00 | 1,658,000.00 | 1,334,000.00 | 1,504,000.00 | 1,664,000.00 | 2,037,000.00 | 2,126,000.00 | 2,250,000.00 | 1,950,000.00 | 2,154,000.00 | 1,854,000.00 | 1,509,000.00 | 1,317,000.00 | 1,150,000.00 |
| Account Payables | 554,000.00 | 489,000.00 | 713,000.00 | 499,000.00 | 617,000.00 | 769,000.00 | 1,019,000.00 | 981,000.00 | 1,134,000.00 | 1,007,000.00 | 1,000,000.00 | 828,000.00 | 732,000.00 | 571,000.00 | 483,000.00 |
| Current Accrued Liabilities | 1,388,000.00 | 1,017,000.00 | 945,000.00 | 835,000.00 | 887,000.00 | 895,000.00 | 1,018,000.00 | 1,145,000.00 | 1,116,000.00 | 943,000.00 | 1,154,000.00 | 1,026,000.00 | 777,000.00 | 746,000.00 | 667,000.00 |
| Short-Term Debt | 0 | 1,437,000.00 | 0 | 98,000.00 | 0 | 0 | 0 | 85,000.00 | 0 | 0 | 68,000.00 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1,483,000.00 | 0.00 | 1,130,000.00 | 819,000.00 | 429,000.00 | 422,000.00 | 364,000.00 | 276,000.00 | 374,000.00 | 324,000.00 | 202,000.00 | 255,000.00 | 244,000.00 | 207,000.00 | 163,000.00 |
| Non-Current Liabilities | 6,708,000.00 | 6,575,000.00 | 6,487,000.00 | 6,597,000.00 | 6,430,000.00 | 6,450,000.00 | 5,264,000.00 | 5,150,000.00 | 3,280,000.00 | 3,239,000.00 | 1,653,000.00 | 1,577,000.00 | 1,550,000.00 | 1,513,000.00 | 1,467,000.00 |
| Long-Term Debt | 4,967,000.00 | 4,898,000.00 | 4,869,000.00 | 4,820,000.00 | 5,829,000.00 | 5,877,000.00 | 4,778,000.00 | 4,755,000.00 | 3,039,000.00 | 3,023,000.00 | 1,542,000.00 | 1,506,000.00 | 1,503,000.00 | 1,483,000.00 | 1,444,000.00 |
| Other Non-Current Liabilities | 1,741,000.00 | 1,677,000.00 | 1,618,000.00 | 1,777,000.00 | 601,000.00 | 573,000.00 | 486,000.00 | 395,000.00 | 241,000.00 | 216,000.00 | 111,000.00 | 71,000.00 | 47,000.00 | 30,000.00 | 23,000.00 |
| Equity | 5,084,000.00 | 6,079,000.00 | 6,230,000.00 | 6,562,000.00 | 5,899,000.00 | 6,818,000.00 | 8,069,000.00 | 9,141,000.00 | 10,552,000.00 | 11,714,000.00 | 13,799,000.00 | 15,337,000.00 | 16,868,000.00 | 18,260,000.00 | 19,514,000.00 |
| Shareholders Equity | 0 | 6,068,000.00 | 0 | 0 | 5,899,000.00 | 6,818,000.00 | 8,069,000.00 | 9,141,000.00 | 10,552,000.00 | 11,714,000.00 | 13,799,000.00 | 15,337,000.00 | 16,868,000.00 | 18,260,000.00 | 19,514,000.00 |
| Capital Stock | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 |
| Share Premium | 31,198,000.00 | 31,028,000.00 | 30,072,000.00 | 29,866,000.00 | 28,455,000.00 | 28,279,000.00 | 28,070,000.00 | 27,695,000.00 | 27,590,000.00 | 27,383,000.00 | 26,926,000.00 | 26,743,000.00 | 26,547,000.00 | 26,226,000.00 | 25,887,000.00 |
| Retained Earnings | -26,140,000.00 | -24,967,000.00 | -23,850,000.00 | -23,305,000.00 | -22,561,000.00 | -21,461,000.00 | -20,004,000.00 | -18,558,000.00 | -17,037,000.00 | -15,670,000.00 | -13,126,000.00 | -11,403,000.00 | -9,679,000.00 | -7,967,000.00 | -6,374,000.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 7,000.00 | 6,000.00 | -1,000.00 | -4,000.00 | 4,000.00 | -1,000.00 | 2,000.00 | 3,000.00 | -2,000.00 | 0 | -2,000.00 | -4,000.00 | -1,000.00 | 0 | 0 |
| Minority Interest | 18,000.00 | 11,000.00 | 8,000.00 | 4,000.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2,647,000.00 | 0 | 2,485,000.00 | 2,406,000.00 | 1,343,000.00 | 2,104,000.00 | 1,879,000.00 | 1,511,000.00 | 1,192,000.00 | 942,000.00 | 0 | 0 | 0 | 0 | 0 |
| Debt | 4,967,000.00 | 6,335,000.00 | 4,869,000.00 | 4,820,000.00 | 5,829,000.00 | 5,877,000.00 | 4,778,000.00 | 4,755,000.00 | 3,039,000.00 | 3,023,000.00 | 1,542,000.00 | 1,506,000.00 | 1,503,000.00 | 1,483,000.00 | 1,444,000.00 |
| Common Shares Outstanding | 1,226,000.00 | 1,213,825.00 | 1,146,000.00 | 1,131,000.00 | 1,021,000.00 | 1,008,000.00 | 994,000.00 | 968,000.00 | 956,000.00 | 946,000.00 | 926,000.00 | 921,000.00 | 916,000.00 | 901,000.00 | 900,000.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | 4,101,000.00 | 1,303,000.00 | 1,240,000.00 | -1,832,000.00 | 3,236,000.00 | 2,362,000.00 | 1,204,000.00 | 3,119,000.00 | 1,782,000.00 | 109,000.00 | 995,000.00 | 459,000.00 | 95,000.00 |
| Cost Of Revenue | 4,077,000.00 | 1,509,000.00 | 1,034,000.00 | -2,307,000.00 | 4,606,000.00 | 3,340,000.00 | 1,731,000.00 | 4,543,000.00 | 2,729,000.00 | -599,000.00 | 3,118,000.00 | 1,665,000.00 | 597,000.00 |
| Interest Income | 439,000.00 | 72,000.00 | 153,000.00 | -380,000.00 | 539,000.00 | 357,000.00 | 187,000.00 | 538,000.00 | 357,000.00 | 36,000.00 | 164,000.00 | 71,000.00 | 25,000.00 |
| Interest Expense | 210,000.00 | 69,000.00 | 72,000.00 | -144,000.00 | 237,000.00 | 150,000.00 | 75,000.00 | 147,000.00 | 92,000.00 | -35,000.00 | 70,000.00 | 46,000.00 | 22,000.00 |
| Net Interest | 229,000.00 | 0 | 81,000.00 | -236,000.00 | 302,000.00 | 207,000.00 | 112,000.00 | 391,000.00 | 265,000.00 | 71,000.00 | 94,000.00 | 25,000.00 | 3,000.00 |
| Non-Interest Expense | 0 | 446,000.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 24,000.00 | -206,000.00 | 206,000.00 | 475,000.00 | -1,370,000.00 | -978,000.00 | -527,000.00 | -1,424,000.00 | -947,000.00 | 708,000.00 | -2,123,000.00 | -1,206,000.00 | -502,000.00 |
| Operating Expenses | 2,776,000.00 | 908,000.00 | 861,000.00 | -3,207,000.00 | 2,658,000.00 | 1,881,000.00 | 957,000.00 | 2,734,000.00 | 1,771,000.00 | -2,363,000.00 | 2,938,000.00 | 2,081,000.00 | 1,077,000.00 |
| Selling, General and Administrative Expenses | 1,532,000.00 | 446,000.00 | 480,000.00 | -1,031,000.00 | 1,419,000.00 | 992,000.00 | 496,000.00 | 1,265,000.00 | 831,000.00 | -1,128,000.00 | 1,396,000.00 | 991,000.00 | 530,000.00 |
| Research and Development Expenses | 1,244,000.00 | 410,000.00 | 381,000.00 | -976,000.00 | 1,239,000.00 | 889,000.00 | 461,000.00 | 1,469,000.00 | 940,000.00 | -1,235,000.00 | 1,542,000.00 | 1,090,000.00 | 547,000.00 |
| Other Operating Expenses | 0.00 | 0 | 0.00 | -1,200,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -2,752,000.00 | -1,114,000.00 | -655,000.00 | 3,682,000.00 | -4,028,000.00 | -2,859,000.00 | -1,484,000.00 | -4,158,000.00 | -2,718,000.00 | 3,071,000.00 | -5,061,000.00 | -3,287,000.00 | -1,579,000.00 |
| Net Non-Operating Income | -67,000.00 | -2,000.00 | 116,000.00 | -76,000.00 | 27,000.00 | -42,000.00 | 39,000.00 | 248,000.00 | 175,000.00 | 101,000.00 | 36,000.00 | -15,000.00 | -14,000.00 |
| EBT | -2,819,000.00 | -1,113,000.00 | -539,000.00 | 3,606,000.00 | -4,001,000.00 | -2,901,000.00 | -1,445,000.00 | -3,910,000.00 | -2,543,000.00 | 3,172,000.00 | -5,025,000.00 | -3,302,000.00 | -1,593,000.00 |
| Income Tax | 3,000.00 | 2,000.00 | 2,000.00 | 0.00 | 2,000.00 | 2,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | -3,000.00 | 4,000.00 | 3,000.00 | 0.00 |
| Net Income Including Non-Controlling Interests | -2,848,000.00 | -1,115,000.00 | -549,000.00 | -4,748,000.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income Non-Controlling Interests | 13,000.00 | -2,000.00 | 4,000.00 | 1,000.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | -2,835,000.00 | -1,117,000.00 | -545,000.00 | 3,605,000.00 | -4,003,000.00 | -2,903,000.00 | -1,446,000.00 | -3,911,000.00 | -2,544,000.00 | 3,175,000.00 | -5,029,000.00 | -3,305,000.00 | -1,593,000.00 |
| EBIT | -2,609,000.00 | -1,044,000.00 | -467,000.00 | 3,462,000.00 | -3,764,000.00 | -2,751,000.00 | -1,370,000.00 | -3,763,000.00 | -2,451,000.00 | 3,137,000.00 | -4,955,000.00 | -3,256,000.00 | -1,571,000.00 |
| Deprecation and Amortization | 583,000.00 | 196,000.00 | 200,000.00 | -616,000.00 | 813,000.00 | 554,000.00 | 280,000.00 | 667,000.00 | 411,000.00 | -198,000.00 | 453,000.00 | 279,000.00 | 118,000.00 |
| EBITDA | -2,026,000.00 | -848,000.00 | -267,000.00 | 2,846,000.00 | -2,951,000.00 | -2,197,000.00 | -1,090,000.00 | -3,096,000.00 | -2,040,000.00 | 2,939,000.00 | -4,502,000.00 | -2,977,000.00 | -1,453,000.00 |
| EPS | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.01 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.01 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 1,171,000.00 | 1,155,000.00 | 1,137,000.00 | 1,086,000.00 | 998,000.00 | 990,000.00 | 978,000.00 | 942,000.00 | 937,000.00 | 938,000.00 | 909,000.00 | 904,000.00 | 901,000.00 |
| Average Shares Outstanding Diluted | 1,171,000.00 | 1,155,000.00 | 1,137,000.00 | 1,086,000.00 | 998,000.00 | 990,000.00 | 978,000.00 | 942,000.00 | 937,000.00 | 938,000.00 | 909,000.00 | 904,000.00 | 901,000.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -98,000.00 | 64,000.00 | -188,000.00 | 4,475,000.00 | -2,899,000.00 | -2,023,000.00 | -1,269,000.00 | -3,759,000.00 | -2,882,000.00 | 1,826,000.00 | -3,606,000.00 | -2,238,000.00 | -1,034,000.00 |
| Operating Net Income | -2,822,000.00 | -1,115,000.00 | -541,000.00 | 3,606,000.00 | -4,003,000.00 | -2,903,000.00 | -1,446,000.00 | -3,911,000.00 | -2,544,000.00 | 3,175,000.00 | -5,029,000.00 | -3,305,000.00 | -1,593,000.00 |
| Deprecation and Amortization | 583,000.00 | 196,000.00 | 200,000.00 | -616,000.00 | 813,000.00 | 554,000.00 | 280,000.00 | 667,000.00 | 411,000.00 | -198,000.00 | 453,000.00 | 279,000.00 | 118,000.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 551,000.00 | 189,000.00 | 188,000.00 | -506,000.00 | 538,000.00 | 427,000.00 | 233,000.00 | 606,000.00 | 364,000.00 | -741,000.00 | 852,000.00 | 559,000.00 | 317,000.00 |
| Change in Working Capital | 193,000.00 | 774,000.00 | 684,000.00 | 121,000.00 | 236,000.00 | 253,000.00 | 949,000.00 | 2,189,000.00 | 1,682,000.00 | -1,120,000.00 | 1,931,000.00 | 1,181,000.00 | 605,000.00 |
| Other Operating Activities | 1,397,000.00 | 20,000.00 | -719,000.00 | 1,870,000.00 | -483,000.00 | -354,000.00 | -1,285,000.00 | -3,310,000.00 | -2,795,000.00 | 710,000.00 | -1,813,000.00 | -952,000.00 | -481,000.00 |
| Investing Cash Flow | -1,507,000.00 | -706,000.00 | -408,000.00 | 315,000.00 | -594,000.00 | -1,095,000.00 | -606,000.00 | -1,908,000.00 | -1,476,000.00 | 901,000.00 | -1,075,000.00 | -777,000.00 | -418,000.00 |
| Capital Expenditure | 0.00 | -462,000.00 | 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 | 1,247,000.00 | 0 | 338,000.00 | -464,000.00 | 814,000.00 | 537,000.00 | 254,000.00 | 728,000.00 | 538,000.00 | -901,000.00 | 1,075,000.00 | 777,000.00 | 418,000.00 |
| Net Purchase/Sale of Investments Net | 0 | -244,000.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | -2,754,000.00 | 0.00 | -746,000.00 | 779,000.00 | -1,408,000.00 | -1,632,000.00 | -860,000.00 | -2,636,000.00 | -2,014,000.00 | 1,802,000.00 | -2,150,000.00 | -1,554,000.00 | -836,000.00 |
| Financing Cash Flow | 747,000.00 | 756,000.00 | -6,000.00 | -922,000.00 | 1,032,000.00 | 1,028,000.00 | -2,000.00 | 1,509,000.00 | 1,517,000.00 | -19,000.00 | 62,000.00 | 56,000.00 | 0 |
| Net Issuance/Repayment of Debt | 1,250,000.00 | 0 | 0 | -1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 0 | 1,485,000.00 | 1,485,000.00 | -3,000.00 | 3,000.00 | 2,000.00 | 1,000.00 |
| Net Issuance/Repurchase of Equity | 784,000.00 | 747,000.00 | 3,000.00 | -8,000.00 | 37,000.00 | 33,000.00 | 2,000.00 | 39,000.00 | 37,000.00 | -22,000.00 | 65,000.00 | 58,000.00 | 1,000.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -1,287,000.00 | 0 | -9,000.00 | 86,000.00 | -5,000.00 | -5,000.00 | -4,000.00 | -15,000.00 | -5,000.00 | 4,000.00 | -6,000.00 | -4,000.00 | 0 |
| Net Change in Cash | -853,000.00 | 114,000.00 | -601,000.00 | 3,870,000.00 | -2,461,000.00 | -2,094,000.00 | -1,878,000.00 | -4,158,000.00 | -2,839,000.00 | 2,711,000.00 | -4,623,000.00 | -2,960,000.00 | -1,452,000.00 |
| Cash at Beginning of Period | 5,294,000.00 | 4,693,000.00 | 5,294,000.00 | 0.00 | 7,857,000.00 | 7,857,000.00 | 7,857,000.00 | 12,099,000.00 | 12,099,000.00 | 9,388,000.00 | 18,423,000.00 | 18,423,000.00 | 18,423,000.00 |
| Cash at End of Period | 4,441,000.00 | 4,812,000.00 | 4,693,000.00 | 0 | 5,396,000.00 | 5,763,000.00 | 5,979,000.00 | 7,941,000.00 | 9,260,000.00 | 12,099,000.00 | 13,800,000.00 | 15,463,000.00 | 16,971,000.00 |
| Free Cash Flow | 0 | -398,000.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |