Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings
Price to Sales
Book Value Per Common Share 2.51 1.41 4.10 0.48 0.28
Price to Book
Price to Operating Cash Flow
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 -1.55 -2.64 -7.08
Price to Sales
Book Value Per Common Share 1.84 2.08 2.27 2.51 1.41 2.47 2.82 3.14 4.10 0.25 0.32 0.40 0.48 0.55 0.62 0.68 0.28
Price to Book 0.62 0.67 0.78
Price to Operating Cash Flow -1.71 -2.56 -6.28
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
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
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 0.72 3.78 4.68 0.51 0.32
Quick Ratio
Current Ratio 2.38 4.17 6.46 10.69 4.12
Debt to Equity 0.14 0.08 0.18 0.10 0.34
Long-Term Debt to Equity 0.04 0.03 0.00 0.00 0.02
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 0.17 0.25 0.34 0.59 2.12 3.09 2.90 3.55 2.66 3.01 3.68 4.68 0.28 0.36 0.42 0.51 0.58 0.66 0.70 0.32
Quick Ratio
Current Ratio 0.90 0.86 1.39 2.38 3.30 4.69 2.82 4.17 7.88 11.66 5.93 6.46 5.96 6.51 9.65 10.69 11.93 14.08 20.93 4.12
Debt to Equity 0.16 0.20 0.16 0.14 0.09 0.08 0.09 0.08 0.15 0.09 0.20 0.18 0.20 0.18 0.11 0.10 0.09 0.08 0.05 0.34
Long-Term Debt to Equity 0.04 0.04 0.04 0.04 0.03 0.03 0.04 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -101.11 -14.84 -124.18 -53.97 -129.47
ROE -115.61 -16.00 -146.75 -59.59 -173.96
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin
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 -33.34 -21.44 -9.55 -21.02 -14.68 -7.17 -65.46 -46.93 -27.85 -83.66 -48.61 -20.92 -35.36 -20.92 -10.79
ROE -38.76 -25.67 -11.03 -23.00 -15.89 -7.79 -74.95 -51.32 -33.48 -100.38 -57.35 -23.32 -38.65 -22.56 -11.36
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

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 62,190.00 106,008.00 22,007.00 48,481.00 16,341.00
   Current Assets 13,657.00 18,266.00 21,873.00 48,177.00 16,326.00
      Cash and Short-Term Investments 12,865.00 17,363.00 21,242.00 45,933.00 13,805.00
            Cash and Cash Equivalents 12,865.00 17,363.00 5,244.00 3,650.00 8,232.00
            Short-Term Investments 0 0 64,192.00 169,332.00 27,036.00
      Net Receivables 0 0 0 0 0
      Inventory 0 0 0 0 0
      Other Current Assets 792.00 903.00 631.00 2,244.00 2,521.00
   Non-Current Assets 48,533.00 87,742.00 134.00 304.00 15.00
      Property, Plant, Equipment Net 1.00 19.00 110.00 280.00 15.00
      Goodwill 6,330.00 6,330.00 0 0 0
      Intangible Assets 42,200.00 79,200.00 0 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 2.00 2,193.00 24.00 24.00 0.00
Liabilities 7,798.00 7,711.00 3,384.00 4,577.00 4,179.00
   Current Liabilities 5,749.00 4,385.00 3,384.00 4,508.00 3,960.00
      Payables and Expenses 2,385.00 2,368.00 2,212.00 2,392.00 2,518.00
            Account Payables 911.00 1,190.00 1,720.00 1,210.00 1,596.00
            Current Accrued Liabilities 1,474.00 1,178.00 492.00 1,182.00 922.00
      Short-Term Debt 0 48.00 33.00 93.00 0
      Other Current Liabilities 3,364.00 1,969.00 1,139.00 2,023.00 1,442.00
   Non-Current Liabilities 2,049.00 3,326.00 0.00 69.00 219.00
      Long-Term Debt 0 0 0 69.00 0
      Other Non-Current Liabilities 0 0 0 0.00 0
Equity 54,392.00 98,297.00 18,623.00 43,904.00 12,162.00
   Shareholders Equity 54,392.00 6,887.00 18,623.00 43,904.00 12,162.00
      Capital Stock 108.00 91.00 91.00 91.00 44.00
      Share Premium 360,697.00 295,376.00 291,365.00 289,282.00 231,412.00
      Retained Earnings -351,400.00 -288,517.00 -272,785.00 -245,456.00 -219,292.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -18.00 -63.00 -48.00 -13.00 -2.00
   Minority Interest 0 0 0 0 0
Investments 0 0 64,192.00 169,332.00 27,036.00
Debt 0 48.00 33.00 162.00 0
Common Shares Outstanding 21,666.01 4,885.51 4,541.17 90,573.60 43,804.18
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 0.00 0.00 0.00 0.00 0.00
Operating Expenses 65,112.00 16,276.00 27,647.00 26,605.00 20,496.00
   Selling, General and Administrative Expenses 13,864.00 11,357.00 9,680.00 9,597.00 9,330.00
   Research and Development Expenses 40,409.00 3,991.00 17,967.00 17,008.00 11,166.00
   Other Operating Expenses 10,839.00 928.00 0.00 0.00 0.00
Operating Income -65,112.00 -16,276.00 -27,647.00 -26,605.00 -20,496.00
Interest Expense 0.00 0.00 0.00 0.00 0.00
EBT 0 0 0 0 0
Income Tax 1,544.00 0.00 0.00 0.00 0.00
Net Income -62,883.00 -15,732.00 -27,329.00 -26,164.00 -21,157.00
Deprecation and Amortization 63.00 87.00 377.00 119.00 172.00
EPS -0.00 -0.00 -0.01 0 0
Diluted EPS -0.00 -0.00 -0.01 0 0
Average Shares Outstanding Basic 17,938.90 4,598.72 4,539.32 0 0
Average Shares Outstanding Diluted 17,938.90 4,598.72 4,539.32 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -22,291.00 -19,808.00 -24,865.00 -23,754.00 -20,476.00
   Operating Net Income -62,883.00 -15,732.00 -27,329.00 -26,164.00 -21,157.00
   Deprecation and Amortization 63.00 87.00 377.00 -119.00 172.00
   Deferred Income Tax -1,544.00 0 0 0 0
   Share Based Compensation 1,117.00 1,190.00 2,083.00 2,260.00 1,893.00
   Change in Working Capital -3,881.00 -5,030.00 -1,103.00 -71.00 -5,262.00
   Other Operating Activities 44,837.00 -323.00 1,107.00 340.00 3,878.00
Investing Cash Flow 0 16,196.00 26,459.00 -35,917.00 6,411.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 42.00 0 223.00 213.00
   Net Purchase/Sale of Investments Net 0 16,250.00 70,159.00 111,328.00 26,276.00
   Net Purchase/Sale of Business 0 96.00 0 0 0
   Other Investing Activities 0 -192.00 -43,700.00 -147,468.00 -20,078.00
Financing Cash Flow 17,818.00 15,794.00 0 55,657.00 15,800.00
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 53,770.00 741.00 0 74.00 16,881.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -35,952.00 15,053.00 0 55,583.00 -1,081.00
Net Change in Cash -4,473.00 12,119.00 1,594.00 -4,014.00 1,735.00
   Cash at Beginning of Period 17,338.00 5,219.00 3,625.00 7,639.00 5,904.00
   Cash at End of Period 12,865.00 17,338.00 5,219.00 3,625.00 7,639.00
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 53,706.00 57,479.00 57,628.00 62,190.00 104,217.00 109,400.00 99,192.00 106,008.00 12,822.00 13,991.00 17,157.00 22,007.00 27,232.00 33,770.00 40,255.00 48,481.00 54,768.00 60,531.00 64,671.00 16,341.00
   Current Assets 5,174.00 6,602.00 8,331.00 13,657.00 18,684.00 23,159.00 12,764.00 18,266.00 12,793.00 13,952.00 17,105.00 21,873.00 27,054.00 33,550.00 39,993.00 48,177.00 54,423.00 60,152.00 64,324.00 16,326.00
      Cash and Short-Term Investments 4,048.00 5,722.00 7,428.00 12,865.00 35,329.00 43,859.00 24,109.00 17,363.00 12,094.00 13,666.00 16,721.00 21,242.00 25,477.00 32,382.00 38,075.00 45,933.00 52,232.00 59,479.00 63,351.00 13,805.00
            Cash and Cash Equivalents 4,048.00 5,722.00 7,428.00 12,865.00 35,329.00 43,859.00 24,109.00 17,363.00 12,094.00 13,192.00 7,808.00 5,244.00 4,864.00 7,653.00 7,499.00 3,650.00 7,628.00 10,773.00 19,308.00 8,232.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 1,996.00 35,752.00 64,192.00 82,552.00 99,016.00 122,504.00 169,332.00 178,516.00 194,924.00 176,272.00 27,036.00
      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 1,126.00 880.00 903.00 792.00 -16,645.00 -20,700.00 -11,345.00 903.00 699.00 286.00 384.00 631.00 1,577.00 1,168.00 1,918.00 2,244.00 2,191.00 673.00 973.00 2,521.00
   Non-Current Assets 48,532.00 50,877.00 49,297.00 48,533.00 85,533.00 86,241.00 86,428.00 87,742.00 29.00 39.00 52.00 134.00 178.00 220.00 262.00 304.00 345.00 379.00 347.00 15.00
      Property, Plant, Equipment Net 0 1.00 1.00 1.00 1.00 2.00 6.00 19.00 45.00 55.00 68.00 110.00 382.00 424.00 466.00 280.00 549.00 583.00 326.00 15.00
      Goodwill 6,330.00 6,330.00 6,330.00 6,330.00 6,330.00 6,330.00 6,330.00 6,330.00 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 42,200.00 42,200.00 42,200.00 42,200.00 79,200.00 79,200.00 79,200.00 79,200.00 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 2.00 2,346.00 766.00 2.00 2.00 709.00 892.00 2,193.00 -16.00 -16.00 -16.00 24.00 -204.00 -204.00 -204.00 24.00 -204.00 -204.00 21.00 0.00
Liabilities 7,516.00 9,466.00 7,749.00 7,798.00 8,985.00 8,379.00 7,858.00 7,711.00 1,624.00 1,197.00 2,884.00 3,384.00 4,536.00 5,151.00 4,146.00 4,577.00 4,659.00 4,401.00 3,252.00 4,179.00
   Current Liabilities 5,744.00 7,694.00 5,977.00 5,749.00 5,659.00 4,937.00 4,532.00 4,385.00 1,624.00 1,197.00 2,884.00 3,384.00 4,536.00 5,151.00 4,146.00 4,508.00 4,560.00 4,273.00 3,073.00 3,960.00
      Payables and Expenses 4,833.00 6,668.00 1,801.00 2,385.00 2,532.00 2,216.00 2,919.00 2,368.00 1,479.00 869.00 1,268.00 2,212.00 2,008.00 2,600.00 1,558.00 2,392.00 2,185.00 1,760.00 1,057.00 2,518.00
            Account Payables 4,123.00 6,028.00 1,149.00 911.00 1,079.00 782.00 2,156.00 1,190.00 484.00 136.00 458.00 1,720.00 945.00 1,741.00 1,023.00 1,210.00 1,035.00 1,016.00 560.00 1,596.00
            Current Accrued Liabilities 710.00 640.00 652.00 1,474.00 1,453.00 1,434.00 763.00 1,178.00 995.00 733.00 810.00 492.00 1,063.00 859.00 535.00 1,182.00 1,150.00 744.00 497.00 922.00
      Short-Term Debt 0 0 0 0 0 0 0 48.00 0 0 0 33.00 67.00 100.00 131.00 93.00 93.00 93.00 93.00 0
      Other Current Liabilities 911.00 1,026.00 4,176.00 3,364.00 3,127.00 2,721.00 1,613.00 1,969.00 145.00 328.00 1,616.00 1,139.00 2,461.00 2,451.00 2,457.00 2,023.00 2,282.00 2,420.00 1,923.00 1,442.00
   Non-Current Liabilities 1,772.00 1,772.00 1,772.00 2,049.00 3,326.00 3,442.00 3,326.00 3,326.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 69.00 99.00 128.00 179.00 219.00
      Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 69.00 99.00 128.00 124.00 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0.00 0.00 55.00 0
Equity 46,190.00 48,013.00 49,879.00 54,392.00 95,232.00 101,021.00 91,334.00 98,297.00 11,198.00 12,794.00 14,273.00 18,623.00 22,696.00 28,619.00 36,109.00 43,904.00 50,109.00 56,130.00 61,419.00 12,162.00
   Shareholders Equity 46,190.00 48,013.00 49,879.00 54,392.00 0 0 0 6,887.00 11,198.00 12,794.00 14,273.00 18,623.00 22,696.00 28,619.00 36,109.00 43,904.00 50,109.00 56,130.00 61,419.00 12,162.00
      Capital Stock 111.00 109.00 108.00 108.00 108.00 107.00 103.00 91.00 91.00 91.00 91.00 91.00 91.00 91.00 91.00 91.00 91.00 90.00 90.00 44.00
      Share Premium 370,422.00 366,644.00 361,699.00 360,697.00 360,564.00 360,503.00 340,340.00 295,376.00 292,285.00 292,056.00 291,756.00 291,365.00 290,941.00 290,499.00 289,971.00 289,282.00 288,674.00 287,987.00 287,603.00 231,412.00
      Retained Earnings -369,304.00 -363,723.00 -356,901.00 -351,400.00 -310,419.00 -304,572.00 -295,630.00 -288,517.00 -281,178.00 -279,351.00 -277,564.00 -272,785.00 -268,238.00 -261,870.00 -253,878.00 -245,456.00 -238,657.00 -231,953.00 -226,267.00 -219,292.00
      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 -44.00 -44.00 -32.00 -18.00 -26.00 -22.00 -63.00 -63.00 0 -2.00 -10.00 -48.00 -98.00 -101.00 -75.00 -13.00 1.00 6.00 -7.00 -2.00
   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 1,996.00 35,752.00 64,192.00 82,552.00 99,016.00 122,504.00 169,332.00 178,516.00 194,924.00 176,272.00 27,036.00
Debt 0 0 0 0 0 0 0 48.00 0 0 0 33.00 67.00 100.00 131.00 162.00 192.00 221.00 217.00 0
Common Shares Outstanding 25,140.09 23,046.12 22,005.32 21,666.01 21,665.94 21,625.08 16,842.51 4,885.51 4,541.17 4,541.17 4,541.17 4,541.17 90,823.60 90,823.60 90,823.60 90,573.60 90,572.55 90,527.91 90,210.56 43,804.18
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 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
Operating Expenses 17,972.00 12,480.00 5,609.00 19,348.00 22,315.00 16,244.00 7,205.00 -4,724.00 8,986.00 7,003.00 5,011.00 -20,180.00 22,944.00 16,462.00 8,421.00 -13,171.00 19,789.00 12,998.00 6,989.00
   Selling, General and Administrative Expenses 8,944.00 5,134.00 2,555.00 -10,307.00 11,389.00 9,040.00 3,742.00 -921.00 6,027.00 4,072.00 2,179.00 -5,363.00 7,379.00 5,136.00 2,528.00 -5,247.00 7,342.00 4,829.00 2,673.00
   Research and Development Expenses 25,346.00 20,811.00 8,499.00 18,816.00 10,926.00 7,204.00 3,463.00 -1,835.00 2,019.00 1,997.00 1,810.00 -14,817.00 15,565.00 11,326.00 5,893.00 -7,924.00 12,447.00 8,169.00 4,316.00
   Other Operating Expenses -16,318.00 -13,465.00 -5,445.00 10,839.00 0.00 0.00 0.00 -1,968.00 940.00 934.00 1,022.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Income -17,972.00 -12,480.00 -5,609.00 -19,348.00 -22,315.00 -16,244.00 -7,205.00 4,724.00 -8,986.00 -7,003.00 -5,011.00 20,180.00 -22,944.00 -16,462.00 -8,421.00 13,171.00 -19,789.00 -12,998.00 -6,989.00
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
Net Interest 0 0 0 0 0 0 0 0 322.00 167.00 55.00 0 180.00 70.00 21.00 0 54.00 33.00 14.00
EBT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Income Tax 0.00 0.00 0.00 1,544.00 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 -17,904.00 -12,323.00 -5,501.00 -17,813.00 -21,902.00 -16,055.00 -7,113.00 4,006.00 -8,393.00 -6,566.00 -4,779.00 20,289.00 -22,782.00 -16,414.00 -8,422.00 12,837.00 -19,365.00 -12,661.00 -6,975.00
Deprecation and Amortization 1.00 1.00 0.00 -122.00 63.00 63.00 59.00 -492.00 223.00 210.00 146.00 18.00 211.00 104.00 44.00 -170.00 131.00 98.00 60.00
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 24,171.17 23,057.92 21,915.89 32,594.00 16,687.47 14,172.33 8,301.80 4,771.36 4,541.17 4,541.17 4,541.17 -163,365.89 90,774.15 90,749.01 0 0.00 0 0 0
Average Shares Outstanding Diluted 24,171.17 23,057.92 21,915.89 32,594.00 16,687.47 14,172.33 8,301.80 4,771.36 4,541.17 4,541.17 4,541.17 -163,365.89 90,774.15 90,749.01 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 -16,141.00 -12,593.00 -6,175.00 14,119.00 -17,479.00 -13,660.00 -5,271.00 2,047.00 -9,417.00 -7,777.00 -4,661.00 16,876.00 -20,456.00 -13,485.00 -7,800.00 10,460.00 -17,499.00 -10,239.00 -6,476.00
   Operating Net Income -17,904.00 -12,323.00 -5,501.00 -17,813.00 -21,902.00 -16,055.00 -7,113.00 4,006.00 -8,393.00 -6,566.00 -4,779.00 20,289.00 -22,782.00 -16,414.00 -8,422.00 12,837.00 -19,365.00 -12,661.00 -6,975.00
   Deprecation and Amortization 1.00 1.00 0 -122.00 63.00 63.00 59.00 -492.00 223.00 210.00 146.00 18.00 211.00 104.00 44.00 170.00 -131.00 -98.00 -60.00
   Deferred Income Tax 0 0 0 -1,544.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 1,967.00 520.00 264.00 -493.00 984.00 476.00 150.00 -812.00 920.00 691.00 391.00 -1,482.00 1,659.00 1,217.00 689.00 -1,017.00 1,653.00 993.00 631.00
   Change in Working Capital 3,269.00 7,299.00 850.00 333.00 -2,213.00 -1,481.00 -520.00 -377.00 -1,167.00 -1,953.00 -1,533.00 887.00 -932.00 -545.00 -513.00 4,067.00 -302.00 -1,839.00 -1,997.00
   Other Operating Activities -3,474.00 -8,090.00 -1,788.00 33,758.00 5,589.00 3,337.00 2,153.00 -278.00 -1,000.00 -159.00 1,114.00 -2,836.00 1,388.00 2,153.00 402.00 -5,597.00 646.00 3,366.00 1,925.00
Investing Cash Flow 0 0 0 0 0 0 0 -23,096.00 16,292.00 15,750.00 7,250.00 -24,398.00 21,695.00 17,513.00 11,649.00 81,967.00 -38,168.00 -42,257.00 -37,459.00
   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 0 0 0 0 0 0 0 0.00 42.00 0 0 0 0 0 0 -237.00 223.00 152.00 85.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 -23,000.00 16,250.00 15,750.00 7,250.00 -54,142.00 61,519.00 41,709.00 21,073.00 -97,230.00 103,579.00 60,105.00 44,874.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 96.00 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities 0 0 0 0 0 0 0 -192.00 0.00 0.00 0.00 29,744.00 -39,824.00 -24,196.00 -9,424.00 179,434.00 -141,970.00 -102,514.00 -82,418.00
Financing Cash Flow 7,350.00 5,450.00 738.00 -18,262.00 17,817.00 18,263.00 0 15,794.00 0 0 0 0 0 0 0 -111,233.00 55,656.00 55,630.00 55,604.00
   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 45,446.00 44,258.00 36,661.00 -55,442.00 53,769.00 54,702.00 741.00 741.00 0 0 0 0 0 0 0 -59,088.00 73.00 47.00 59,042.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -38,096.00 -38,808.00 -35,923.00 36,439.00 -35,952.00 -36,439.00 0 15,053.00 0 0 0 0 0 0 0 -52,145.00 55,583.00 55,583.00 -3,438.00
Net Change in Cash -8,817.00 -7,143.00 -5,437.00 -4,145.00 339.00 4,604.00 -5,271.00 -5,318.00 6,875.00 7,973.00 2,589.00 -7,522.00 1,239.00 4,028.00 3,849.00 -18,806.00 -11.00 3,134.00 11,669.00
   Cash at Beginning of Period 12,865.00 12,865.00 12,865.00 17,010.00 17,338.00 17,338.00 17,338.00 22,656.00 5,219.00 5,219.00 5,219.00 12,741.00 3,625.00 3,625.00 3,625.00 22,431.00 7,639.00 7,639.00 7,639.00
   Cash at End of Period 4,048.00 5,722.00 7,428.00 12,865.00 17,677.00 21,942.00 12,067.00 17,338.00 12,094.00 13,192.00 7,808.00 5,219.00 4,864.00 7,653.00 7,474.00 3,625.00 7,628.00 10,773.00 19,308.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0