Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -4.00 -12.46
Price to Sales 7.95 123.40
Book Value Per Common Share -0.53 -5.44 0.61 0.18 -0.33
Price to Book -33.92 -3.80
Price to Operating Cash Flow -13.07 -62.71
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 -7.05 -148.43 -19.38 -3.50 -6.96 -1.86
Price to Sales 143.34 192.76 310.12 5.92 7.61 18.08
Book Value Per Common Share -2.76 -0.19 -1.68 -0.53 0.03 -11.39 -42.35 -5.44 0.39 0.43 0.49 0.61 0.55 0.59 0.45 0.18 -0.32 -0.07 -0.35 -0.33
Price to Book -3.71 -53.45 -7.84 -33.92 511.75 -2.37 -0.46 -3.80
Price to Operating Cash Flow -4.72 -6.63 -14.77 -14.08 -9.85 -6.63
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 49.64 -76.53 30.21 412.60
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 -22.22 17.39
Revenue YoY 32.33 27.09 0.99 572.69 58.56 88.40 28.26 115.51 79.53 177.95
EBITDA YoY
Net Profit YoY -21.12 29.89 -49.40

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 12.31 0.50 0.93 1.12 1.28
Quick Ratio 9.30 1.33 5.96 2.05 1.87
Current Ratio 9.43 1.33 5.91 2.00 1.86
Debt to Equity -64.96 -3.18 0.77 6.10 -10.19
Long-Term Debt to Equity -61.58 -2.70 0.50 2.89 -5.66
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 5.52 6.18 6.97 8.25 15.05 7.88 19.10 0.48 0.52 0.73 0.82 0.88 1.03 1.04 0.95 1.04 1.23 1.34 1.31 1.28
Quick Ratio 10.45 13.12 12.16 9.30 10.71 5.92 2.97 1.33 4.54 4.21 5.29 5.96 6.75 5.63 3.36 2.05 1.60 1.91 1.94 1.87
Current Ratio 10.67 13.33 12.34 9.43 10.70 4.78 3.03 1.33 4.51 4.18 5.22 5.91 6.73 5.11 3.31 2.00 1.59 1.91 1.93 1.86
Debt to Equity -11.40 -154.90 -19.78 -64.96 604.47 -4.43 -3.78 -3.18 0.76 1.13 1.09 0.77 1.10 1.10 1.61 6.10 -9.92 -43.76 -10.03 -10.19
Long-Term Debt to Equity -11.01 -150.05 -19.09 -61.58 576.01 -4.17 -3.47 -2.70 0.43 0.68 0.73 0.50 0.82 0.72 0.91 2.89 -4.82 -23.08 -5.71 -5.66

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -17.80 -72.02 21.33 -16.07 -41.63
ROE 1138.25 157.35 37.71 -114.06 382.52
Gross Margin
Operating Margin -198.23 -907.08 34.12 -8.08
EBITDA Margin -189.01 -896.79 36.83 -5.36
Net Profit Margin -198.97 -844.91 31.94 -30.19 -414.99
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 -10.12 -0.47 -4.33 -14.75 -12.36 -17.47 -39.66 -23.69 -13.91 16.54 19.88 19.75 -22.69 -11.10 -13.92
ROE 105.25 72.18 81.28 -8932.31 42.37 48.65 -69.70 -50.50 -29.05 34.73 41.71 51.61 202.48 474.47 125.68
Gross Margin
Operating Margin -221.10 33.40 -36.21
EBITDA Margin -210.23 35.64 -33.22
Net Profit Margin -2039.24 -130.47 -1610.00 -169.32 -109.43 -973.01 -237.07 -295.43 -364.82 31.37 51.01 84.64 -68.78 -65.22 -222.60

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 435,023.00 305,050.00 165,886.00 159,883.00 165,435.00
   Current Assets 216,626.00 90,729.00 148,138.00 144,443.00 151,343.00
      Cash and Short-Term Investments 212,610.00 76,911.00 134,602.00 128,055.00 138,685.00
            Cash and Cash Equivalents 212,610.00 76,911.00 106,438.00 114,057.00 138,685.00
            Short-Term Investments 0 0 28,164.00 13,998.00 0
      Net Receivables 1,072.00 13,470.00 14,796.00 19,814.00 14,124.00
      Inventory 0 0 0 0 0
      Other Current Assets 2,944.00 348.00 -1,260.00 -3,426.00 -1,466.00
   Non-Current Assets 218,397.00 214,321.00 17,748.00 15,440.00 14,092.00
      Property, Plant, Equipment Net 15,447.00 12,181.00 17,611.00 11,971.00 12,343.00
      Goodwill 48,163.00 48,163.00 0 0 0
      Intangible Assets 150,600.00 451,800.00 0 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 75,567.00 84,626.00 83,417.00 102,583.00 26,699.00
      Other Non-Current Assets -71,380.00 -382,449.00 -83,280.00 -99,114.00 -24,950.00
Liabilities 441,825.00 444,680.00 72,058.00 137,362.00 183,441.00
   Current Liabilities 22,976.00 68,209.00 25,077.00 72,251.00 81,547.00
      Payables and Expenses 12,364.00 17,883.00 14,400.00 10,757.00 8,589.00
            Account Payables 288.00 3,150.00 316.00 224.00 443.00
            Current Accrued Liabilities 12,076.00 14,733.00 14,084.00 10,533.00 8,146.00
      Short-Term Debt 2,851.00 2,166.00 10,084.00 7,010.00 908.00
      Other Current Liabilities 7,761.00 48,160.00 593.00 54,484.00 72,050.00
   Non-Current Liabilities 418,849.00 376,471.00 46,981.00 65,111.00 101,894.00
      Long-Term Debt 11,133.00 8,789.00 45,627.00 47,944.00 34,440.00
      Other Non-Current Liabilities 407,716.00 367,682.00 1,354.00 17,167.00 67,454.00
Equity -6,802.00 -139,630.00 93,828.00 22,521.00 -18,006.00
   Shareholders Equity -13,604.00 -880,368.00 93,828.00 22,521.00 -36,012.00
      Capital Stock 3.00 16.00 15.00 12.00 11.00
      Share Premium 689,887.00 179,047.00 493,308.00 457,391.00 391,175.00
      Retained Earnings -692,071.00 -614,647.00 -394,937.00 -430,316.00 -404,629.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -4,621.00 -4,600.00 -4,558.00 -4,566.00 -4,563.00
   Minority Interest 0 0 0 0 0
Investments 0 0 28,164.00 13,998.00 0
Debt 13,984.00 10,955.00 55,711.00 54,954.00 35,348.00
Common Shares Outstanding 25,767.37 161,927.82 153,042.43 123,622.96 108,071.25
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 38,913.00 26,004.00 110,777.00 85,077.00 16,597.00
Operating Expenses 82,810.00 112,520.00 97,139.00 92,374.00 77,218.00
   Selling, General and Administrative Expenses 30,126.00 40,581.00 23,862.00 20,938.00 18,913.00
   Research and Development Expenses 45,105.00 71,839.00 72,377.00 68,736.00 54,505.00
   Other Operating Expenses 7,579.00 100.00 900.00 2,700.00 3,800.00
Operating Income -43,897.00 -86,416.00 14,538.00 -4,597.00 -56,821.00
Net Non-Operating Income -33,240.00 -152,294.00 20,232.00 -5,124.00 0
Interest Expense 0.00 2,833.00 3,031.00 2,844.00 3,156.00
Net Interest 7,386.00 0 0 0 0
EBT -77,137.00 -238,710.00 34,770.00 -9,721.00 0
Income Tax 287.00 19,000.00 609.00 15,966.00 0.00
Net Income -77,424.00 -219,710.00 35,379.00 -25,687.00 -68,876.00
EBIT -77,137.00 -235,877.00 37,801.00 -6,877.00 0
Deprecation and Amortization 3,588.00 2,676.00 2,999.00 2,314.00 1,861.00
EBITDA -73,549.00 -233,201.00 40,800.00 -4,563.00 0
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 17,276.82 155,109.56 144,758.55 114,328.80 0
Average Shares Outstanding Diluted 17,357.94 155,109.56 145,874.89 114,328.80 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -23,674.00 -51,161.00 -31,631.00 -60,382.00 34,881.00
   Operating Net Income -232,272.00 -219,710.00 35,379.00 -25,687.00 -68,876.00
   Deprecation and Amortization 3,588.00 2,676.00 2,999.00 2,314.00 1,861.00
   Deferred Income Tax 287.00 -19,000.00 0 0 0
   Share Based Compensation 6,582.00 22,524.00 11,194.00 7,720.00 5,422.00
   Change in Working Capital -15,521.00 8,629.00 -71,005.00 -40,973.00 101,047.00
   Other Operating Activities 213,662.00 153,720.00 -10,198.00 -3,756.00 -4,573.00
Investing Cash Flow -8,742.00 34,609.00 -15,002.00 -17,140.00 -741.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 9,444.00 206.00 1,201.00 1,085.00 889.00
   Net Purchase/Sale of Investments Net 0 28,254.00 53,201.00 48,855.00 0
   Net Purchase/Sale of Business 0 6,561.00 0 0 0
   Other Investing Activities -18,186.00 -412.00 -69,404.00 -67,080.00 -1,630.00
Financing Cash Flow 168,428.00 -13,145.00 39,215.00 52,897.00 14,431.00
   Net Issuance/Repayment of Debt 0 27,457.00 0 0 44,049.00
   Net Issuance/Repurchase of Equity 44,056.00 20,481.00 39,325.00 52,897.00 13,732.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 124,372.00 -61,083.00 -110.00 0.00 -43,350.00
Net Change in Cash 135,991.00 -29,750.00 -7,398.00 -24,628.00 48,513.00
   Cash at Beginning of Period 78,288.00 108,038.00 115,436.00 140,064.00 91,587.00
   Cash at End of Period 214,279.00 78,288.00 108,038.00 115,436.00 140,100.00
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 372,675.00 388,893.00 409,130.00 435,023.00 455,316.00 347,738.00 325,207.00 305,050.00 106,034.00 139,506.00 155,693.00 165,886.00 178,265.00 188,068.00 145,696.00 159,883.00 167,162.00 180,522.00 176,746.00 165,435.00
   Current Assets 147,260.00 163,395.00 185,120.00 216,626.00 229,136.00 124,782.00 111,109.00 90,729.00 89,869.00 122,725.00 138,392.00 148,138.00 159,677.00 172,572.00 130,007.00 144,443.00 151,768.00 166,812.00 163,125.00 151,343.00
      Cash and Short-Term Investments 143,384.00 160,324.00 180,434.00 212,610.00 219,198.00 87,227.00 103,418.00 76,911.00 79,603.00 112,027.00 125,925.00 134,602.00 146,442.00 142,056.00 117,434.00 128,055.00 138,663.00 150,138.00 147,812.00 138,685.00
            Cash and Cash Equivalents 143,384.00 160,324.00 180,434.00 212,610.00 219,198.00 87,227.00 103,418.00 76,911.00 79,603.00 112,027.00 125,925.00 106,438.00 112,843.00 138,057.00 113,437.00 114,057.00 114,645.00 125,749.00 125,407.00 138,685.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 28,164.00 33,599.00 3,999.00 3,997.00 13,998.00 24,018.00 24,389.00 22,405.00 0
      Net Receivables 822.00 454.00 1,965.00 1,072.00 10,129.00 67,339.00 5,406.00 13,470.00 10,998.00 11,585.00 14,339.00 14,796.00 13,825.00 47,894.00 14,253.00 19,814.00 14,324.00 16,764.00 16,642.00 14,124.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 3,054.00 2,617.00 2,721.00 2,944.00 -191.00 -29,784.00 2,285.00 348.00 -732.00 -887.00 -1,872.00 -1,260.00 -590.00 -17,378.00 -1,680.00 -3,426.00 -1,219.00 -90.00 -1,329.00 -1,466.00
   Non-Current Assets 225,415.00 225,498.00 224,010.00 218,397.00 226,180.00 222,956.00 214,098.00 214,321.00 16,165.00 16,781.00 17,301.00 17,748.00 18,588.00 15,496.00 15,689.00 15,440.00 15,394.00 13,710.00 13,621.00 14,092.00
      Property, Plant, Equipment Net 17,366.00 17,449.00 15,525.00 15,447.00 23,748.00 20,524.00 11,958.00 12,181.00 12,760.00 13,368.00 13,966.00 17,611.00 18,160.00 12,071.00 12,225.00 11,971.00 11,924.00 12,177.00 11,977.00 12,343.00
      Goodwill 48,163.00 48,163.00 48,163.00 48,163.00 48,163.00 48,163.00 48,163.00 48,163.00 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 150,600.00 150,600.00 150,600.00 150,600.00 150,600.00 150,600.00 150,600.00 451,800.00 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 75,567.00 0 0 0 84,626.00 0 0 0 83,417.00 0 0 0 102,583.00 0 0 0 26,699.00
      Other Non-Current Assets 9,286.00 9,286.00 9,722.00 -71,380.00 3,669.00 3,669.00 3,377.00 -382,449.00 3,405.00 3,413.00 3,335.00 -83,280.00 428.00 3,425.00 3,464.00 -99,114.00 3,470.00 1,533.00 1,644.00 -24,950.00
Liabilities 408,519.00 391,420.00 430,919.00 441,825.00 454,564.00 449,196.00 442,007.00 444,680.00 45,705.00 74,058.00 81,114.00 72,058.00 93,358.00 98,462.00 89,932.00 137,362.00 185,893.00 184,744.00 196,317.00 183,441.00
   Current Liabilities 13,803.00 12,256.00 14,998.00 22,976.00 21,405.00 26,115.00 36,654.00 68,209.00 19,939.00 29,367.00 26,531.00 25,077.00 23,728.00 33,763.00 39,246.00 72,251.00 95,616.00 87,296.00 84,607.00 81,547.00
      Payables and Expenses 9,927.00 8,466.00 11,294.00 12,364.00 9,880.00 13,477.00 11,444.00 17,883.00 14,012.00 13,169.00 10,410.00 14,400.00 12,477.00 13,059.00 9,153.00 10,757.00 12,335.00 9,015.00 7,441.00 8,589.00
            Account Payables 2,225.00 454.00 2,097.00 288.00 517.00 2,862.00 2,517.00 3,150.00 375.00 267.00 1,063.00 316.00 214.00 693.00 264.00 224.00 1,593.00 154.00 594.00 443.00
            Current Accrued Liabilities 7,702.00 8,012.00 9,197.00 12,076.00 9,363.00 10,615.00 8,927.00 14,733.00 13,637.00 12,902.00 9,347.00 14,084.00 12,263.00 12,366.00 8,889.00 10,533.00 10,742.00 8,861.00 6,847.00 8,146.00
      Short-Term Debt 3,876.00 3,790.00 3,704.00 2,851.00 2,770.00 2,523.00 2,229.00 2,166.00 1,787.00 11,964.00 11,889.00 10,084.00 7,431.00 4,410.00 1,783.00 7,010.00 5,138.00 3,268.00 1,402.00 908.00
      Other Current Liabilities 0.00 0.00 0.00 7,761.00 8,755.00 10,115.00 22,981.00 48,160.00 4,140.00 4,234.00 4,232.00 593.00 3,820.00 16,294.00 28,310.00 54,484.00 78,143.00 75,013.00 75,764.00 72,050.00
   Non-Current Liabilities 394,716.00 379,164.00 415,921.00 418,849.00 433,159.00 423,081.00 405,353.00 376,471.00 25,766.00 44,691.00 54,583.00 46,981.00 69,630.00 64,699.00 50,686.00 65,111.00 90,277.00 97,448.00 111,710.00 101,894.00
      Long-Term Debt 8,727.00 9,559.00 10,362.00 11,133.00 11,881.00 12,344.00 8,228.00 8,789.00 8,694.00 36,737.00 42,073.00 45,627.00 50,936.00 53,286.00 58,400.00 47,944.00 30,177.00 32,074.00 33,954.00 34,440.00
      Other Non-Current Liabilities 385,989.00 369,605.00 405,559.00 407,716.00 421,278.00 410,737.00 397,125.00 367,682.00 17,072.00 7,954.00 12,510.00 1,354.00 18,694.00 11,413.00 -7,714.00 17,167.00 60,100.00 65,374.00 77,756.00 67,454.00
Equity -35,844.00 -2,527.00 -21,789.00 -6,802.00 752.00 -101,458.00 -116,800.00 -139,630.00 60,329.00 65,448.00 74,579.00 93,828.00 84,907.00 89,606.00 55,764.00 22,521.00 -18,731.00 -4,222.00 -19,571.00 -18,006.00
   Shareholders Equity -71,688.00 -5,054.00 -43,578.00 -13,604.00 752.00 -202,916.00 -233,600.00 -880,368.00 60,329.00 65,448.00 74,579.00 93,828.00 84,907.00 89,606.00 55,764.00 22,521.00 -37,462.00 -8,444.00 -39,142.00 -36,012.00
      Capital Stock 3.00 3.00 3.00 3.00 2.00 2.00 1.00 16.00 15.00 15.00 15.00 15.00 15.00 15.00 12.00 12.00 12.00 12.00 11.00 11.00
      Share Premium 698,537.00 695,942.00 692,578.00 689,887.00 687,174.00 560,766.00 559,275.00 179,047.00 501,919.00 498,016.00 495,733.00 493,308.00 490,252.00 487,008.00 461,888.00 457,391.00 428,371.00 424,984.00 414,214.00 391,175.00
      Retained Earnings -729,797.00 -693,895.00 -709,781.00 -692,071.00 -681,818.00 -657,635.00 -671,471.00 -614,647.00 -436,989.00 -427,987.00 -416,600.00 -394,937.00 -400,830.00 -392,937.00 -401,538.00 -430,316.00 -442,555.00 -424,661.00 -429,226.00 -404,629.00
      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 -4,587.00 -4,577.00 -4,589.00 -4,621.00 -4,606.00 -4,591.00 -4,605.00 -4,600.00 -4,616.00 -4,596.00 -4,569.00 -4,558.00 -4,530.00 -4,480.00 -4,598.00 -4,566.00 -4,559.00 -4,557.00 -4,570.00 -4,563.00
   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 28,164.00 33,599.00 3,999.00 3,997.00 13,998.00 24,018.00 24,389.00 22,405.00 0
Debt 12,603.00 13,349.00 14,066.00 13,984.00 14,651.00 14,867.00 10,457.00 10,955.00 10,481.00 48,701.00 53,962.00 55,711.00 58,367.00 57,696.00 60,183.00 54,954.00 35,315.00 35,342.00 35,356.00 35,348.00
Common Shares Outstanding 26,003.61 26,000.06 25,936.10 25,767.37 23,896.53 17,816.24 5,515.84 161,927.82 154,854.03 153,427.57 153,426.98 153,042.43 153,028.82 152,713.21 124,380.84 123,622.96 115,443.50 115,079.29 112,977.00 108,071.25
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 1,850.00 1,398.00 1,100.00 -45,884.00 39,672.00 39,285.00 5,840.00 -8,859.00 17,738.00 11,187.00 5,938.00 -90,476.00 93,982.00 73,272.00 33,999.00 -11,826.00 55,140.00 30,713.00 11,050.00
Operating Expenses 66,616.00 45,098.00 22,989.00 -32,092.00 56,838.00 38,876.00 19,188.00 -28,127.00 67,922.00 48,306.00 24,419.00 -47,474.00 71,748.00 49,239.00 23,626.00 -31,068.00 66,115.00 39,119.00 18,208.00
   Selling, General and Administrative Expenses 23,271.00 15,555.00 8,315.00 -18,840.00 23,039.00 16,477.00 9,450.00 4,672.00 18,414.00 11,800.00 5,695.00 -10,981.00 17,538.00 11,768.00 5,537.00 -9,615.00 15,397.00 9,952.00 5,204.00
   Research and Development Expenses 43,345.00 29,543.00 14,674.00 -20,831.00 33,799.00 22,399.00 9,738.00 -32,599.00 49,408.00 36,406.00 18,624.00 -35,593.00 53,410.00 36,871.00 17,689.00 -20,153.00 48,418.00 27,467.00 13,004.00
   Other Operating Expenses 0.00 0.00 0.00 7,579.00 0.00 0.00 0.00 -200.00 100.00 100.00 100.00 -900.00 800.00 600.00 400.00 -1,300.00 2,300.00 1,700.00 0.00
Operating Income -64,766.00 -43,700.00 -21,889.00 -13,792.00 -17,166.00 409.00 -13,348.00 19,068.00 -50,084.00 -37,019.00 -18,381.00 -43,902.00 23,034.00 24,633.00 10,773.00 17,942.00 -8,675.00 -6,706.00 -7,158.00
Net Non-Operating Income 0 0 0 -33,240.00 0 0 0 -160,326.00 8,032.00 0 0 14,101.00 6,131.00 0 0 8,299.00 -13,423.00 0 0
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -2,368.00 2,833.00 1,560.00 808.00 -1,322.00 2,224.00 1,422.00 707.00 -1,422.00 2,133.00 1,422.00 711.00
Net Interest 0 0 0 7,386.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
EBT 0 0 0 -77,137.00 0 0 0 -196,658.00 -42,052.00 0 0 5,605.00 29,165.00 0 0 12,377.00 -22,098.00 0 0
Income Tax 0.00 0.00 0.00 287.00 0.00 0.00 0.00 19,000.00 0.00 0.00 0.00 288.00 321.00 0.00 0.00 138.00 15,828.00 0.00 0.00
Net Income -37,726.00 -1,824.00 -17,710.00 89,559.00 -67,171.00 -42,988.00 -56,824.00 -122,945.00 -42,052.00 -33,050.00 -21,663.00 -60,264.00 29,486.00 37,379.00 28,778.00 56,868.00 -37,926.00 -20,032.00 -24,597.00
EBIT 0 0 0 -77,137.00 0 0 0 -196,658.00 -39,219.00 0 0 6,412.00 31,389.00 0 0 13,088.00 -19,965.00 0 0
Deprecation and Amortization 2,914.00 2,116.00 1,340.00 -1,030.00 2,431.00 1,492.00 695.00 -1,256.00 1,928.00 1,303.00 701.00 -1,035.00 2,104.00 1,287.00 643.00 -830.00 1,646.00 1,033.00 465.00
EBITDA 0 0 0 -73,549.00 0 0 0 -195,910.00 -37,291.00 0 0 7,307.00 33,493.00 0 0 13,756.00 -18,319.00 0 0
EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.01 -0.00 -0.00 -0.00 -0.00 0.00 0.00 0.00 0.00 0.00 -0.00 -0.00 0
Diluted EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.01 0.00 -0.00 -0.00 -0.00 0.00 0.00 0.00 0.00 0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 25,962.30 25,941.67 25,902.65 38,062.91 14,561.61 11,068.75 5,414.02 159,825.40 153,870.91 153,396.38 153,345.55 176,395.66 141,969.45 136,436.32 124,232.80 232,012.76 113,161.62 112,140.82 0
Average Shares Outstanding Diluted 25,962.30 25,941.67 25,902.65 38,387.39 14,561.61 11,068.75 5,414.02 159,825.40 153,870.91 153,396.38 153,345.55 175,167.70 143,792.06 136,966.31 127,573.49 232,012.76 113,161.62 112,140.82 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 -56,229.00 -40,629.00 -23,108.00 39,278.00 -16,672.00 -30,363.00 -15,917.00 4,139.00 -27,875.00 -18,660.00 -8,765.00 24,150.00 -19,782.00 -24,135.00 -11,864.00 -1,151.00 -28,922.00 -18,176.00 -12,133.00
   Operating Net Income -37,726.00 -1,824.00 -53,130.00 -65,289.00 -67,171.00 -42,988.00 -56,824.00 -122,945.00 -42,052.00 -33,050.00 -21,663.00 -60,264.00 29,486.00 37,379.00 28,778.00 56,868.00 -37,926.00 -20,032.00 -24,597.00
   Deprecation and Amortization 2,914.00 2,116.00 1,340.00 -1,030.00 2,431.00 1,492.00 695.00 -1,256.00 1,928.00 1,303.00 701.00 -1,035.00 2,104.00 1,287.00 643.00 -830.00 1,646.00 1,033.00 465.00
   Deferred Income Tax 0 0 0 287.00 0 0 0 -19,000.00 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 8,377.00 5,787.00 2,508.00 -2,588.00 4,717.00 3,022.00 1,431.00 5,809.00 8,380.00 6,059.00 2,276.00 -6,794.00 8,918.00 6,317.00 2,753.00 -3,090.00 5,467.00 3,563.00 1,780.00
   Change in Working Capital 7,411.00 4,837.00 8,542.00 -10,774.00 -10,343.00 17,182.00 -11,586.00 -13,864.00 5,896.00 6,429.00 10,168.00 46,841.00 -59,340.00 -27,739.00 -30,767.00 -22,905.00 -10,838.00 -7,283.00 53.00
   Other Operating Activities -37,205.00 -51,545.00 17,632.00 118,672.00 53,694.00 -9,071.00 50,367.00 155,395.00 -2,027.00 599.00 -247.00 45,402.00 -950.00 -41,379.00 -13,271.00 -31,194.00 12,729.00 4,543.00 10,166.00
Investing Cash Flow -4,962.00 -3,670.00 -1,075.00 2,437.00 -8,388.00 -2,189.00 -602.00 -49,739.00 28,112.00 28,112.00 28,124.00 -13,502.00 -20,491.00 9,446.00 9,545.00 57,227.00 -26,862.00 -25,060.00 -22,445.00
   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 4,962.00 3,670.00 1,075.00 -1,735.00 8,388.00 2,189.00 602.00 -208.00 142.00 142.00 130.00 -798.00 990.00 554.00 455.00 -390.00 807.00 643.00 25.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 -56,508.00 28,254.00 28,254.00 28,254.00 -14,300.00 47,501.00 10,000.00 10,000.00 -36,837.00 38,855.00 24,417.00 22,420.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 6,561.00 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -9,924.00 -7,340.00 -2,150.00 4,172.00 -16,776.00 -4,378.00 -1,204.00 416.00 -284.00 -284.00 -260.00 1,596.00 -68,982.00 -1,108.00 -910.00 94,454.00 -66,524.00 -50,120.00 -44,890.00
Financing Cash Flow -8,003.00 -7,965.00 -8,025.00 -85,399.00 167,645.00 43,151.00 43,031.00 16,369.00 -27,226.00 -2,437.00 149.00 -40,331.00 39,215.00 38,603.00 1,728.00 -30,442.00 31,741.00 30,291.00 21,307.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 -2,586.00 27,457.00 2,586.00 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 273.00 268.00 183.00 -209,771.00 167,645.00 43,151.00 43,031.00 19,952.00 231.00 149.00 149.00 31,498.00 2,466.00 1,823.00 3,538.00 -111,742.00 62,641.00 59,791.00 42,207.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -8,276.00 -8,233.00 -8,208.00 124,372.00 0.00 0.00 0.00 -997.00 -54,914.00 -5,172.00 0.00 -71,829.00 36,749.00 36,780.00 -1,810.00 81,300.00 -30,900.00 -29,500.00 -20,900.00
Net Change in Cash -69,160.00 -52,220.00 -32,176.00 -43,703.00 142,579.00 10,608.00 26,507.00 -29,145.00 -27,058.00 6,966.00 19,487.00 -29,785.00 -993.00 24,000.00 -620.00 25,626.00 -24,040.00 -12,936.00 -13,278.00
   Cash at Beginning of Period 214,279.00 214,279.00 214,279.00 257,982.00 78,288.00 78,288.00 78,288.00 107,433.00 108,038.00 108,038.00 108,038.00 137,823.00 115,436.00 115,436.00 115,436.00 89,810.00 140,064.00 140,064.00 140,064.00
   Cash at End of Period 145,119.00 162,059.00 182,103.00 214,279.00 220,867.00 88,896.00 104,795.00 78,288.00 80,980.00 115,004.00 127,525.00 108,038.00 114,443.00 139,436.00 114,816.00 115,436.00 116,024.00 127,128.00 126,786.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0