Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -10.06 -3.11 -6.64
Price to Sales 297.65 69.14 125.51 121.71 140.99
Book Value Per Common Share 11.89 6.32 8.29 7.99 8.15
Price to Book 2.45 1.43 2.68 2.98 3.13
Price to Operating Cash Flow -10.78 -5.55 -8.49 -11.97 -25.83
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 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 -12.89 -13.46 -32.80 -22.08 -28.37 -32.30 -3.02 -7.92 -20.74 -6.67 -8.91
Price to Sales 322.03 677.80 2380.65 614.04 709.20 628.57 62.37 173.01 484.23 127.58 179.60 507.42 154.52 175.25 303.34
Book Value Per Common Share 12.85 9.87 11.03 11.89 12.64 11.17 8.69 6.32 6.98 7.55 7.89 8.29 6.92 7.19 7.62 7.99 8.42 7.02 7.61 8.15
Price to Book 3.39 2.88 2.68 2.45 3.63 3.66 2.94 1.43 0.91 1.47 1.94 2.68 2.36 2.02 2.42 2.98 2.93 3.52 2.87 3.13
Price to Operating Cash Flow -11.99 -11.33 -30.56 -24.20 -29.29 -31.62 -3.39 -7.96 -22.08 -8.48 -10.95 -30.78 -16.84 -19.46 -41.67
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY 13.99 3.64 -1.09 37.15
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 230.17 238.75 41.80 57.72 61.95 103.72 62.47 121.34 40.73 96.41
EBITDA YoY
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 13.44 8.15 11.71 8.49 8.73
Quick Ratio 7.39
Current Ratio 15.73 7.58 12.00 13.86 22.74
Debt to Equity 0.10 0.26 0.11 0.12 0.09
Long-Term Debt to Equity 0.03 0.09 0.02 0.04 0.04
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 2.65 9.27 10.83 12.51 15.11 13.39 10.50 7.51 7.54 8.13 8.32 8.75 8.04 8.11 8.06 8.49 8.81 7.42 8.19 8.73
Quick Ratio 12.24 7.39 12.77
Current Ratio 11.57 9.26 16.91 15.73 17.76 15.78 12.47 7.58 11.40 13.14 12.42 12.00 9.71 12.00 13.09 13.86 18.82 17.59 17.81 22.74
Debt to Equity 0.13 0.15 0.10 0.10 0.09 0.10 0.15 0.26 0.11 0.09 0.10 0.11 0.14 0.12 0.12 0.12 0.08 0.10 0.10 0.09
Long-Term Debt to Equity 0.04 0.03 0.03 0.03 0.03 0.03 0.05 0.09 0.01 0.01 0.01 0.02 0.03 0.03 0.04 0.04 0.02 0.04 0.04 0.04

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -20.61 -33.76 -27.24 -27.60 -13.28
ROE -22.62 -42.38 -30.10 -30.94 -14.48
Gross Margin
Operating Margin -2957.71 -2219.87 -1886.33 -1265.38 -649.21
EBITDA Margin -2679.69 -2048.82 -1864.62 -1260.44 -643.85
Net Profit Margin -2957.71 -2219.87 -1886.33 -1265.38 -652.28
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 -20.97 -19.95 -7.93 -13.41 -10.36 -7.24 -26.48 -16.28 -8.53 -28.69 -18.99 -8.13 -18.66 -17.28 -7.58
ROE -23.73 -22.90 -8.71 -14.64 -11.44 -8.29 -29.33 -17.78 -9.37 -32.77 -21.35 -9.11 -20.13 -18.98 -8.33
Gross Margin
Operating Margin -2500.87 -5038.52 -7235.81 -2776.94 -2499.07 -1943.41 -2060.23 -2185.51 -2346.35 -1913.62 -2011.70 -1907.24 -1063.30 -945.15 -881.80
EBITDA Margin -2394.59 -4789.91 -6763.88 -2539.79 -2312.69 -1818.40 -1901.72 -2022.60 -2198.12 -1900.88 -2001.31 -1898.89 -1058.70 -941.65 -879.29
Net Profit Margin -2500.87 -5038.52 -7235.81 -2776.94 -2499.07 -1943.41 -2060.23 -2185.51 -2346.35 -1913.62 -2011.70 -1907.24 -1063.30 -945.15 -881.80

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 1,563,895.00 628,555.00 638,800.00 427,580.00 333,898.00
   Current Assets 1,542,290.00 611,307.00 622,942.00 411,141.00 331,678.00
      Cash and Short-Term Investments 1,500,000.00 595,400.00 610,700.00 405,500.00 328,100.00
            Cash and Cash Equivalents 219,868.00 185,082.00 340,396.00 320,448.00 321,462.00
            Short-Term Investments 0 0 0 85,095.00 6,679.00
      Net Receivables 0 1,105.00 0 0 0
      Inventory 0 0 0 0 0
      Other Current Assets 42,290.00 14,802.00 12,242.00 5,641.00 3,578.00
   Non-Current Assets 21,605.00 17,248.00 15,858.00 16,439.00 2,220.00
      Property, Plant, Equipment Net 18,289.00 16,652.00 15,009.00 15,589.00 1,922.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 12,529.00 125.00 1,762.00 3,117.00 4,443.00
      Other Non-Current Assets -9,213.00 471.00 -913.00 -2,267.00 -4,145.00
Liabilities 138,936.00 127,791.00 60,725.00 46,150.00 27,675.00
   Current Liabilities 98,018.00 80,680.00 51,908.00 29,658.00 14,587.00
      Payables and Expenses 69,524.00 34,341.00 32,572.00 14,085.00 7,745.00
            Account Payables 8,461.00 8,809.00 4,637.00 0 0
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 3,844.00 3,639.00 3,105.00 1,769.00 0
      Other Current Liabilities 24,650.00 42,700.00 16,231.00 13,804.00 6,842.00
   Non-Current Liabilities 40,918.00 47,111.00 8,817.00 16,492.00 13,088.00
      Long-Term Debt 2,957.00 6,213.00 7,582.00 9,960.00 938.00
      Other Non-Current Liabilities 37,961.00 40,898.00 1,235.00 6,532.00 12,150.00
Equity 1,424,959.00 500,764.00 578,075.00 381,430.00 306,223.00
   Shareholders Equity 1,424,959.00 500,764.00 578,075.00 381,430.00 306,223.00
      Capital Stock 12.00 8.00 7.00 5.00 4.00
      Share Premium 2,315,111.00 1,071,395.00 939,310.00 566,161.00 372,764.00
      Retained Earnings -893,066.00 -570,764.00 -358,544.00 -184,549.00 -66,540.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 2,902.00 125.00 -2,698.00 -187.00 -5.00
   Minority Interest 0 0 0 0 0
Investments 0 0 0 85,095.00 6,679.00
Debt 6,801.00 9,852.00 10,687.00 11,729.00 938.00
Common Shares Outstanding 119,893.00 79,275.00 69,768.00 47,754.00 37,569.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 10,897.00 9,560.00 9,224.00 9,326.00 6,800.00
Operating Expenses 389,833.00 245,158.00 188,137.00 127,377.00 51,064.00
   Selling, General and Administrative Expenses 86,240.00 54,190.00 37,733.00 26,195.00 13,462.00
   Research and Development Expenses 303,593.00 187,368.00 150,404.00 101,182.00 37,602.00
   Other Operating Expenses 0.00 3,600.00 0.00 0.00 0.00
Operating Income -378,936.00 -235,598.00 -178,913.00 -118,051.00 -44,277.00
Net Non-Operating Income 56,634.00 23,378.00 4,918.00 42.00 -78.00
Interest Expense 0.00 0.00 0.00 0.00 209.00
EBT -322,302.00 -212,220.00 -173,995.00 -118,009.00 -44,355.00
Income Tax 0.00 0.00 0.00 0.00 0.00
Net Income -322,302.00 -212,220.00 -173,995.00 -118,009.00 -44,355.00
EBIT -322,302.00 -212,220.00 -173,995.00 -118,009.00 -44,146.00
Deprecation and Amortization 30,296.00 16,353.00 2,002.00 460.00 364.00
EBITDA -292,006.00 -195,867.00 -171,993.00 -117,549.00 -43,782.00
EPS -0.00 -0.00 -0.00 0 0
Diluted EPS -0.00 -0.00 -0.00 0 0
Average Shares Outstanding Basic 111,582.00 73,012.00 52,162.00 0 0
Average Shares Outstanding Diluted 111,582.00 73,012.00 52,162.00 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -300,870.00 -119,064.00 -136,268.00 -94,813.00 -37,117.00
   Operating Net Income -322,302.00 -212,220.00 -173,995.00 -118,009.00 -44,355.00
   Deprecation and Amortization 30,296.00 16,353.00 2,002.00 460.00 364.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 51,363.00 38,222.00 27,139.00 17,056.00 4,310.00
   Change in Working Capital 35,557.00 68,017.00 22,061.00 9,897.00 6,931.00
   Other Operating Activities -95,784.00 -29,436.00 -13,475.00 -4,217.00 -4,367.00
Investing Cash Flow -854,201.00 -130,070.00 -189,955.00 -82,517.00 -7,785.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 7,066.00 4,228.00 2,823.00 3,740.00 1,092.00
   Net Purchase/Sale of Investments Net 2,019,935.00 796,162.00 524,542.00 91,937.00 6,693.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -2,881,202.00 -930,460.00 -717,320.00 -178,194.00 -15,570.00
Financing Cash Flow 1,192,357.00 93,864.00 346,171.00 176,316.00 272,037.00
   Net Issuance/Repayment of Debt 0 0 0 0 4,683.00
   Net Issuance/Repurchase of Equity 1,147,544.00 152,237.00 465,879.00 1,639.00 2,666.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 44,813.00 -58,373.00 -119,708.00 174,677.00 264,688.00
Net Change in Cash 37,286.00 -155,270.00 19,948.00 -1,014.00 227,135.00
   Cash at Beginning of Period 185,377.00 340,647.00 320,699.00 321,713.00 94,578.00
   Cash at End of Period 222,663.00 185,377.00 340,647.00 320,699.00 321,713.00
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 2,134,209.00 1,368,926.00 1,459,075.00 1,563,895.00 1,640,771.00 1,347,425.00 951,474.00 628,555.00 573,163.00 610,784.00 613,976.00 638,800.00 430,539.00 420,801.00 421,135.00 427,580.00 425,917.00 290,523.00 314,752.00 333,898.00
   Current Assets 1,966,017.00 1,250,560.00 1,434,975.00 1,542,290.00 1,621,866.00 1,328,801.00 934,474.00 611,307.00 555,487.00 594,534.00 597,147.00 622,942.00 414,464.00 404,251.00 404,800.00 411,141.00 421,958.00 287,309.00 311,950.00 331,678.00
      Cash and Short-Term Investments 350,158.00 1,200,000.00 1,400,000.00 1,500,000.00 1,600,000.00 1,300,000.00 915,900.00 595,400.00 542,600.00 576,500.00 586,300.00 610,700.00 405,500.00 398,200.00 397,100.00 405,500.00 413,000.00 279,500.00 307,900.00 328,100.00
            Cash and Cash Equivalents 350,158.00 243,907.00 254,203.00 219,868.00 370,187.00 575,751.00 471,400.00 185,082.00 85,650.00 153,880.00 118,710.00 340,396.00 143,699.00 125,106.00 139,262.00 320,448.00 410,013.00 276,423.00 301,273.00 321,462.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 261,849.00 273,112.00 257,809.00 85,095.00 3,016.00 3,035.00 6,641.00 6,679.00
      Net Receivables 0 0 0 0 0 0 1,575.00 1,105.00 0 1,183.00 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 0 0
      Other Current Assets 1,615,859.00 50,560.00 34,975.00 42,290.00 21,866.00 28,801.00 16,999.00 14,802.00 12,887.00 16,851.00 10,847.00 12,242.00 8,964.00 6,051.00 7,700.00 5,641.00 8,958.00 7,809.00 4,050.00 3,578.00
   Non-Current Assets 168,192.00 118,366.00 24,100.00 21,605.00 18,905.00 18,624.00 17,000.00 17,248.00 17,676.00 16,250.00 16,829.00 15,858.00 16,075.00 16,550.00 16,335.00 16,439.00 3,959.00 3,214.00 2,802.00 2,220.00
      Property, Plant, Equipment Net 74,352.00 24,762.00 20,566.00 18,289.00 15,792.00 15,465.00 16,280.00 16,652.00 17,037.00 15,531.00 16,104.00 15,009.00 15,301.00 15,884.00 15,286.00 15,589.00 3,265.00 2,738.00 2,505.00 1,922.00
      Real Estate 39,500.00 31,100.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      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 0 0 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 12,529.00 0 0 0 125.00 0 0 0 1,762.00 0 0 0 3,117.00 0 0 0 4,443.00
      Other Non-Current Assets 93,840.00 93,604.00 3,534.00 -9,213.00 3,113.00 3,159.00 720.00 471.00 639.00 719.00 725.00 -913.00 774.00 666.00 1,049.00 -2,267.00 694.00 476.00 297.00 -4,145.00
Liabilities 247,944.00 176,262.00 130,352.00 138,936.00 137,391.00 126,389.00 120,575.00 127,791.00 55,695.00 51,606.00 55,061.00 60,725.00 53,557.00 46,450.00 45,427.00 46,150.00 31,040.00 26,043.00 28,636.00 27,675.00
   Current Liabilities 169,879.00 135,061.00 84,865.00 98,018.00 91,333.00 84,212.00 74,955.00 80,680.00 48,716.00 45,244.00 48,085.00 51,908.00 42,666.00 33,687.00 30,920.00 29,658.00 22,418.00 16,338.00 17,514.00 14,587.00
      Payables and Expenses 21,233.00 14,333.00 54,189.00 69,524.00 49,628.00 40,924.00 37,330.00 34,341.00 31,981.00 31,756.00 33,890.00 32,572.00 26,375.00 20,552.00 18,821.00 14,085.00 12,004.00 8,538.00 10,412.00 7,745.00
            Account Payables 9,626.00 3,914.00 6,633.00 8,461.00 7,662.00 8,889.00 2,349.00 8,809.00 5,550.00 5,653.00 3,908.00 4,637.00 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 11,607.00 10,419.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 3,967.00 3,925.00 3,884.00 3,844.00 3,804.00 3,765.00 3,726.00 3,639.00 3,602.00 3,151.00 3,129.00 3,105.00 3,090.00 3,068.00 2,544.00 1,769.00 100.00 50.00 0 0
      Other Current Liabilities 144,679.00 116,803.00 26,792.00 24,650.00 37,901.00 39,523.00 33,899.00 42,700.00 13,133.00 10,337.00 11,066.00 16,231.00 13,201.00 10,067.00 9,555.00 13,804.00 10,314.00 7,750.00 7,102.00 6,842.00
   Non-Current Liabilities 78,065.00 41,201.00 45,487.00 40,918.00 46,058.00 42,177.00 45,620.00 47,111.00 6,979.00 6,362.00 6,976.00 8,817.00 10,891.00 12,763.00 14,507.00 16,492.00 8,622.00 9,705.00 11,122.00 13,088.00
      Long-Term Debt 45,999.00 1,210.00 2,090.00 2,957.00 3,797.00 4,617.00 5,421.00 6,213.00 6,979.00 6,362.00 6,976.00 7,582.00 8,185.00 8,753.00 9,347.00 9,960.00 877.00 914.00 951.00 938.00
      Other Non-Current Liabilities 32,066.00 39,991.00 43,397.00 37,961.00 42,261.00 37,560.00 40,199.00 40,898.00 0.00 0.00 0.00 1,235.00 2,706.00 4,010.00 5,160.00 6,532.00 7,745.00 8,791.00 10,171.00 12,150.00
Equity 1,886,265.00 1,192,664.00 1,328,723.00 1,424,959.00 1,503,380.00 1,221,036.00 830,899.00 500,764.00 517,468.00 559,178.00 558,915.00 578,075.00 376,982.00 374,351.00 375,708.00 381,430.00 394,877.00 264,480.00 286,116.00 306,223.00
   Shareholders Equity 1,886,265.00 1,192,664.00 1,328,723.00 1,424,959.00 1,503,380.00 1,221,036.00 830,899.00 500,764.00 517,468.00 559,178.00 558,915.00 578,075.00 376,982.00 374,351.00 375,708.00 381,430.00 394,877.00 264,480.00 286,116.00 306,223.00
      Capital Stock 15.00 12.00 12.00 12.00 12.00 11.00 10.00 8.00 7.00 7.00 7.00 7.00 5.00 5.00 5.00 5.00 5.00 4.00 4.00 4.00
      Share Premium 3,225,078.00 2,357,029.00 2,334,784.00 2,315,111.00 2,287,076.00 1,931,890.00 1,470,972.00 1,071,395.00 1,029,660.00 1,019,800.00 971,375.00 939,310.00 688,513.00 641,806.00 596,513.00 566,161.00 540,884.00 381,213.00 376,499.00 372,764.00
      Retained Earnings -1,340,596.00 -1,166,154.00 -1,008,839.00 -893,066.00 -790,810.00 -710,412.00 -639,619.00 -570,764.00 -510,321.00 -457,963.00 -410,938.00 -358,544.00 -308,073.00 -264,474.00 -218,784.00 -184,549.00 -146,011.00 -116,737.00 -90,384.00 -66,540.00
      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 1,768.00 1,777.00 2,766.00 2,902.00 7,102.00 -453.00 -464.00 125.00 -1,878.00 -2,666.00 -1,529.00 -2,698.00 -3,463.00 -2,986.00 -2,026.00 -187.00 -1.00 0 -3.00 -5.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 261,849.00 273,112.00 257,809.00 85,095.00 3,016.00 3,035.00 6,641.00 6,679.00
Debt 49,966.00 5,135.00 5,974.00 6,801.00 7,601.00 8,382.00 9,147.00 9,852.00 10,581.00 9,513.00 10,105.00 10,687.00 11,275.00 11,821.00 11,891.00 11,729.00 877.00 914.00 951.00 938.00
Common Shares Outstanding 146,771.00 120,778.00 120,512.00 119,893.00 118,900.00 109,266.00 95,594.00 79,275.00 74,101.00 74,070.00 70,813.00 69,768.00 54,446.00 52,081.00 49,281.00 47,754.00 46,897.00 37,665.00 37,600.00 37,569.00
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 17,895.00 5,420.00 1,600.00 -6,158.00 7,924.00 5,588.00 3,543.00 -4,589.00 7,367.00 4,549.00 2,233.00 -2,999.00 6,455.00 3,973.00 1,795.00 -6,163.00 7,474.00 5,311.00 2,704.00
Operating Expenses 509,360.00 308,079.00 133,090.00 -122,168.00 265,870.00 165,401.00 80,730.00 -105,672.00 176,222.00 114,779.00 59,829.00 -64,993.00 132,143.00 84,732.00 36,255.00 -41,697.00 86,978.00 55,535.00 26,561.00
   Selling, General and Administrative Expenses 116,797.00 70,464.00 33,600.00 -20,189.00 57,902.00 34,629.00 13,898.00 -20,287.00 38,071.00 24,342.00 12,064.00 -15,438.00 27,349.00 17,255.00 8,567.00 -10,605.00 18,764.00 12,152.00 5,884.00
   Research and Development Expenses 392,563.00 237,615.00 99,490.00 -101,979.00 207,968.00 130,772.00 66,832.00 -85,385.00 134,551.00 90,437.00 47,765.00 -49,555.00 104,794.00 67,477.00 27,688.00 -31,092.00 68,214.00 43,383.00 20,677.00
   Other Operating Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,600.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Income -491,465.00 -302,659.00 -131,517.00 116,010.00 -257,946.00 -159,813.00 -77,187.00 101,083.00 -168,855.00 -110,230.00 -57,596.00 61,994.00 -125,688.00 -80,759.00 -34,460.00 35,534.00 -79,504.00 -50,224.00 -23,857.00
Net Non-Operating Income 43,935.00 29,571.00 15,744.00 -9,764.00 37,901.00 20,165.00 8,332.00 -9,713.00 17,078.00 10,811.00 5,202.00 1,695.00 2,164.00 834.00 225.00 -31.00 33.00 27.00 13.00
Interest Expense 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
EBT -447,530.00 -273,088.00 -115,773.00 106,246.00 -220,045.00 -139,648.00 -68,855.00 91,370.00 -151,777.00 -99,419.00 -52,394.00 63,689.00 -123,524.00 -79,925.00 -34,235.00 35,503.00 -79,471.00 -50,197.00 -23,844.00
Income Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income -447,530.00 -273,088.00 -115,773.00 106,246.00 -220,045.00 -139,648.00 -68,855.00 91,370.00 -151,777.00 -99,419.00 -52,394.00 63,689.00 -123,524.00 -79,925.00 -34,235.00 35,503.00 -79,471.00 -50,197.00 -23,844.00
EBIT -447,530.00 -273,088.00 -115,773.00 106,246.00 -220,045.00 -139,648.00 -68,855.00 91,370.00 -151,777.00 -99,419.00 -52,394.00 63,689.00 -123,524.00 -79,925.00 -34,235.00 35,503.00 -79,471.00 -50,197.00 -23,844.00
Deprecation and Amortization 19,019.00 13,475.00 7,551.00 -3,340.00 18,792.00 10,415.00 4,429.00 -6,045.00 11,677.00 7,411.00 3,310.00 617.00 822.00 413.00 150.00 -138.00 344.00 186.00 68.00
EBITDA -428,511.00 -259,613.00 -108,222.00 102,906.00 -201,253.00 -129,233.00 -64,426.00 85,325.00 -140,100.00 -92,008.00 -49,084.00 64,306.00 -122,702.00 -79,512.00 -34,085.00 35,365.00 -79,127.00 -50,011.00 -23,776.00
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 0.00 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 0.00 0 0 0
Average Shares Outstanding Basic 132,281.00 129,428.00 129,232.00 156,144.00 105,902.00 97,070.00 87,212.00 78,714.00 71,987.00 70,914.00 70,433.00 109,125.00 50,432.00 49,091.00 0 0.00 0 0 0
Average Shares Outstanding Diluted 132,281.00 129,428.00 129,232.00 156,144.00 105,902.00 97,070.00 87,212.00 78,714.00 71,987.00 70,914.00 70,433.00 109,125.00 50,432.00 49,091.00 0 0.00 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 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Operating Cash Flow -480,668.00 -324,495.00 -124,829.00 105,893.00 -200,999.00 -135,384.00 -70,380.00 164,242.00 -135,565.00 -98,774.00 -48,967.00 55,505.00 -97,079.00 -65,120.00 -29,574.00 41,282.00 -68,598.00 -47,816.00 -19,681.00
   Operating Net Income -447,530.00 -273,088.00 -115,773.00 106,246.00 -220,045.00 -139,648.00 -68,855.00 91,370.00 -151,777.00 -99,419.00 -52,394.00 63,689.00 -123,524.00 -79,925.00 -34,235.00 35,503.00 -79,471.00 -50,197.00 -23,844.00
   Deprecation and Amortization 19,019.00 13,475.00 7,551.00 -3,340.00 18,792.00 10,415.00 4,429.00 -6,045.00 11,677.00 7,411.00 3,310.00 617.00 822.00 413.00 150.00 -138.00 344.00 186.00 68.00
   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 54,419.00 35,395.00 17,736.00 -19,271.00 37,210.00 23,118.00 10,306.00 -17,816.00 28,377.00 18,557.00 9,104.00 -11,677.00 19,832.00 12,746.00 6,238.00 -7,175.00 12,540.00 7,990.00 3,701.00
   Change in Working Capital 133,636.00 118,851.00 5,800.00 5,554.00 25,462.00 9,825.00 -5,284.00 86,319.00 -6,898.00 -3,897.00 -7,507.00 9,230.00 10,841.00 574.00 1,416.00 -2,527.00 8,690.00 2,572.00 1,162.00
   Other Operating Activities -240,212.00 -219,128.00 -40,143.00 16,704.00 -62,418.00 -39,094.00 -10,976.00 10,414.00 -16,944.00 -21,426.00 -1,480.00 -6,354.00 -5,050.00 1,072.00 -3,143.00 15,619.00 -10,701.00 -8,367.00 -768.00
Investing Cash Flow -245,253.00 342,673.00 157,188.00 276,191.00 -790,029.00 -307,616.00 -32,747.00 396,351.00 -181,110.00 -149,631.00 -195,680.00 360,826.00 -182,187.00 -193,119.00 -175,475.00 -85,886.00 1,547.00 2,347.00 -525.00
   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 7,808.00 7,096.00 3,753.00 1,555.00 3,150.00 1,446.00 915.00 -3,399.00 3,365.00 2,442.00 1,820.00 -1,988.00 1,973.00 2,080.00 758.00 -51.00 2,033.00 1,233.00 525.00
   Net Purchase/Sale of Investments Net 1,959,478.00 836,311.00 499,481.00 -439,566.00 1,486,189.00 722,030.00 251,282.00 -552,942.00 636,645.00 403,619.00 308,840.00 -236,428.00 352,164.00 234,089.00 174,717.00 84,777.00 3,580.00 3,580.00 0
   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 -2,212,539.00 -500,734.00 -346,046.00 714,202.00 -2,279,368.00 -1,031,092.00 -284,944.00 952,692.00 -821,120.00 -555,692.00 -506,340.00 599,242.00 -536,324.00 -429,288.00 -350,950.00 -170,612.00 -4,066.00 -2,466.00 -1,050.00
Financing Cash Flow 856,076.00 5,710.00 1,937.00 -1,211,890.00 1,178,633.00 836,169.00 389,445.00 -53,003.00 61,973.00 61,933.00 22,961.00 156,644.00 102,517.00 62,897.00 24,113.00 20,267.00 155,602.00 430.00 17.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 837,420.00 0 0 -1,199,375.00 1,142,444.00 818,685.00 385,790.00 -158,798.00 121,047.00 121,047.00 68,941.00 464,540.00 816.00 513.00 10.00 708.00 474.00 440.00 17.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities 18,656.00 5,710.00 1,937.00 -12,515.00 36,189.00 17,484.00 3,655.00 105,795.00 -59,074.00 -59,114.00 -45,980.00 -307,896.00 101,701.00 62,384.00 24,103.00 19,559.00 155,128.00 -10.00 0.00
Net Change in Cash 130,293.00 24,042.00 34,335.00 -829,806.00 187,605.00 393,169.00 286,318.00 507,590.00 -254,702.00 -186,472.00 -221,686.00 572,975.00 -176,749.00 -195,342.00 -180,936.00 -24,337.00 88,551.00 -45,039.00 -20,189.00
   Cash at Beginning of Period 222,663.00 222,663.00 222,663.00 1,052,469.00 185,377.00 185,377.00 185,377.00 -322,213.00 340,647.00 340,647.00 340,647.00 -232,328.00 320,699.00 320,699.00 320,699.00 345,036.00 321,713.00 321,713.00 321,713.00
   Cash at End of Period 352,956.00 246,705.00 256,998.00 222,663.00 372,982.00 578,546.00 471,695.00 185,377.00 85,945.00 154,175.00 118,961.00 340,647.00 143,950.00 125,357.00 139,763.00 320,699.00 410,264.00 276,674.00 301,524.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0