Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -2.01 -3.12 -3.40
Price to Sales
Book Value Per Common Share 0.02 0.20 0.60 1.99 0.80
Price to Book 104.02 25.15 7.06 1.45 10.87
Price to Operating Cash Flow -1.79 -4.33 -4.37 -3.91 -21.67
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 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-06-30 2021-03-31 2020-12-31
Price to Earnings -6.14 -3.18 -7.34 -5.76 -15.12 -13.97 -6.15
Price to Sales
Book Value Per Common Share 0.05 -0.01 -0.10 0.02 -0.30 -0.05 0.20 0.28 0.60 1.41 1.99 2.58 0.49 0.80
Price to Book 7.81 -56.04 -10.00 104.02 -4.82 -78.42 25.15 14.81 7.06 1.74 1.45 1.88 11.73 10.87
Price to Operating Cash Flow -4.79 -3.79 -5.66 -11.47 -9.64 -11.50 -7.25 -17.00
Price to Free Cash Flow -4.79 -3.79 -11.47
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 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 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 0.41 0.98 0.95 2.06 0.95
Quick Ratio
Current Ratio 1.01
Debt to Equity 18.08 3.14 0.54 0.09 0.18
Long-Term Debt to Equity 0.11 0.14 0.05 0.01
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-06-30 2021-03-31 2020-12-31
Cash Per Common Share 0.18 0.21 0.11 0.29 0.16 0.40 0.84 0.52 0.91 1.27 2.06 2.67 0.61 0.95
Quick Ratio
Current Ratio 1.39 0.90 0.54 1.01 0.39
Debt to Equity 2.15 -26.34 -2.59 18.08 -1.76 -11.03 3.14 1.23 0.54 0.18 0.09 0.06 0.47 0.18
Long-Term Debt to Equity 0.01 -0.04 -0.01 0.11 -0.01 -0.26 0.14 0.10 0.05 0.01 0.01 0.02 0.23

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -192.99 -165.65 -128.62 -27.14 -43.18
ROE -3681.99 -686.53 -197.62 -29.71 -50.92
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 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-06-30 2021-03-31 2020-12-31
ROA -27.98 -52.03 -90.90 -109.65 -55.08 -51.18 -29.15 -4.40 -14.26
ROE -88.15 1318.45 144.23 83.81 552.35 -114.13 -34.48 -4.66 -21.02
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 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 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 15,503.09 23,700.39 18,923.67 31,404.00 8,762.28
   Current Assets 14,683.37 0 0 0 0
      Cash and Short-Term Investments 13,476.33 23,367.46 18,519.86 29,687.94 8,760.46
            Cash and Cash Equivalents 13,476.33 23,367.46 18,519.86 29,687.94 8,760.46
            Short-Term Investments 0 0 0 0 0
      Net Receivables 0 0 0 0 0
      Inventory 0 0 0 0 0
      Other Current Assets 1,207.04 0 0 0 0
   Non-Current Assets 819.72 0 0 0 0
      Property, Plant, Equipment Net 0 0 0 0 -41.71
      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 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0
Liabilities 14,690.52 17,981.67 6,607.28 2,717.54 1,332.74
   Current Liabilities 14,601.51 17,175.02 6,039.84 2,344.81 0
      Payables and Expenses 7,419.63 5,208.20 3,520.27 509.58 1,008.05
            Account Payables 6,283.43 3,849.11 3,520.27 509.58 1,008.05
            Current Accrued Liabilities 1,136.20 1,359.10 0 0 0
      Short-Term Debt 458.15 0 0 0 0
      Other Current Liabilities 6,723.72 11,966.81 2,519.57 1,835.23 0
   Non-Current Liabilities 89.01 806.65 567.44 372.73 0
      Long-Term Debt 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0
Equity 812.57 5,718.72 12,316.40 28,686.46 7,429.53
   Shareholders Equity 812.57 5,718.72 12,316.40 28,686.46 7,429.53
      Capital Stock 4.66 2.79 2.04 1.44 0.92
      Share Premium 165,080.96 140,070.17 103,485.61 95,516.99 65,738.71
      Retained Earnings -164,273.05 -134,354.25 -91,171.26 -66,831.97 -58,310.09
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 0
Debt 458.15 0 0 0 0
Common Shares Outstanding 46,579.20 27,918.56 20,447.37 14,433.29 9,231.74
Preferred Shares Outstanding 0 0 0.42 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Expenses 30,798.89 39,503.64 24,306.61 10,104.51 2,434.65
   Selling, General and Administrative Expenses 7,891.52 8,083.82 5,358.73 5,252.91 2,139.50
   Research and Development Expenses 22,907.37 31,419.82 18,947.87 4,851.60 295.15
   Other Operating Expenses 0.00 0.00 0.00 0.00 0.00
Operating Income -30,798.89 -39,503.64 -24,306.61 -10,104.51 -2,434.65
Net Non-Operating Income 899.60 259.75 -11.91 1,588.64 -1,347.94
Interest Income 379.87 0 0 0 1,558.30
Interest Expense 18.50 0.00 0.00 0.00 1,453.12
Net Interest 361.37 0 0 0 105.18
EBT -29,899.29 -39,243.89 -24,318.51 -8,515.87 -3,782.59
Income Tax 19.51 16.95 20.78 8.28 0.80
Net Income -29,918.80 -39,260.84 -24,339.29 -8,521.88 -3,783.39
EBIT -29,880.79 -39,243.89 -24,318.51 -8,515.87 -2,329.47
Deprecation and Amortization 0.00 0.00 0.00 0.00 0.59
EBITDA 0 0 0 0 -2,328.88
EPS -0.00 -0.00 -0.00 0 0
Average Shares Outstanding Basic 33,147.42 23,798.20 19,516.48 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -33,543.92 -28,324.35 -18,960.58 -10,668.46 -3,725.69
   Operating Net Income -29,918.80 -39,260.84 -24,339.29 -8,521.88 -3,783.39
   Deprecation and Amortization 0 0 0 0 0.59
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 1,630.34 3,413.35 176.74 106.71 0
   Change in Working Capital 1,879.39 399.72 4,322.93 -2,212.70 -1,555.64
   Other Operating Activities -7,134.84 7,123.41 879.05 -40.59 1,612.74
Investing Cash Flow 0 0 0 0 0
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0 0 0 0 0
Financing Cash Flow 23,652.79 33,171.95 7,792.49 31,595.94 12,485.96
   Net Issuance/Repayment of Debt 458.15 -667.50 0 0 3,110.00
   Net Issuance/Repurchase of Equity 0.15 5,677.85 18.97 31,595.94 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 23,194.49 28,161.60 7,773.53 0.00 9,375.96
Net Change in Cash -9,891.12 4,847.60 -11,168.09 20,927.48 8,760.27
   Cash at Beginning of Period 23,367.46 18,519.86 29,687.94 8,760.46 0.19
   Cash at End of Period 13,476.33 23,367.46 18,519.86 29,687.94 8,760.46
Free Cash Flow 0 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-06-30 2021-03-31 2020-12-31
Assets 14,332.65 11,634.85 7,077.05 15,503.09 7,629.87 13,496.63 23,700.39 12,901.52 18,923.67 25,268.40 31,404.00 36,534.87 6,658.10 8,762.28
   Current Assets 13,512.93 10,815.12 6,257.32 14,683.37 6,810.15 0 0 0 0 0 0 0 0 0
      Cash and Short-Term Investments 13,183.26 10,363.71 5,289.40 13,476.33 5,558.82 11,973.65 23,367.46 11,255.55 18,519.86 23,421.24 29,687.94 35,800.94 5,644.22 8,760.46
            Cash and Cash Equivalents 13,183.26 10,363.71 5,289.40 13,476.33 5,558.82 11,973.65 23,367.46 11,255.55 18,519.86 23,421.24 29,687.94 35,800.94 5,644.22 8,760.46
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 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
      Other Current Assets 329.67 451.41 967.92 1,207.04 1,251.33 0 0 0 0 0 0 0 0 0
   Non-Current Assets 819.72 819.72 819.72 819.72 819.72 0 0 0 0 0 0 0 0 0
      Property, Plant, Equipment Net 0 0 0 0 0 0 0 0 0 0 0 0 0 -41.71
      Goodwill 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
      Long-Term Investments 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
      Other Non-Current Assets 819.72 819.72 0 0 819.72 0 0 0 0 0 0 0 0 0
Liabilities 9,782.91 12,093.99 11,537.07 14,690.52 17,611.76 14,842.45 17,981.67 7,116.55 6,607.28 3,907.19 2,717.54 2,013.90 2,141.65 1,332.74
   Current Liabilities 9,738.41 12,077.30 11,509.25 14,601.51 17,533.88 14,491.97 17,175.02 6,560.24 6,039.84 3,623.47 2,344.81 1,162.74 1,101.34 0
      Payables and Expenses 8,953.45 11,361.47 5,760.79 7,419.63 16,569.05 7,314.06 5,208.20 2,860.58 3,520.27 1,425.83 509.58 358.26 471.30 1,008.05
            Account Payables 5,431.81 4,968.69 4,721.04 6,283.43 8,777.58 5,720.45 3,849.11 2,860.58 3,520.27 1,425.83 509.58 358.26 471.30 1,008.05
            Current Accrued Liabilities 3,521.65 6,392.78 1,039.75 1,136.20 7,791.47 1,593.60 1,359.10 0 0 0 0 0 0 0
      Short-Term Debt 0 113.25 224.30 458.15 83.00 332.00 0 667.50 0 0 0 0 0 0
      Other Current Liabilities 0 602.59 5,524.16 6,723.72 881.83 6,845.91 11,966.81 3,032.16 2,519.57 2,197.64 1,835.23 804.49 630.04 0
   Non-Current Liabilities 44.51 16.69 27.82 89.01 77.88 350.48 806.65 556.31 567.44 283.72 372.73 851.16 1,040.31 0
      Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 44.51 16.69 0 0 77.88 0 0 0 0 0 0 0 0 0
Equity 4,549.73 -459.15 -4,460.02 812.57 -9,981.89 -1,345.82 5,718.72 5,784.97 12,316.40 21,361.21 28,686.46 34,520.97 4,516.45 7,429.53
   Shareholders Equity 4,549.73 -459.15 -4,460.02 812.57 -9,981.89 -1,345.82 5,718.72 5,784.97 12,316.40 21,361.21 28,686.46 34,520.97 4,516.45 7,429.53
      Capital Stock 9.62 6.80 4.67 4.66 3.34 2.79 2.79 2.04 2.04 1.51 1.44 1.34 0.92 0.92
      Share Premium 185,310.39 176,293.55 166,241.19 165,080.96 148,028.34 140,439.25 140,070.17 103,556.73 103,485.61 95,556.67 95,516.99 95,387.43 63,774.92 65,738.71
      Retained Earnings -180,770.27 -176,759.50 -170,705.89 -164,273.05 -158,013.57 -141,787.86 -134,354.25 -97,773.80 -91,171.26 -74,196.98 -66,831.97 -60,867.80 -59,259.39 -58,310.09
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Debt 0 113.25 224.30 458.15 83.00 332.00 0 667.50 0 0 0 0 0 0
Common Shares Outstanding 96,337.12 68,003.61 46,739.95 46,579.20 33,441.20 27,918.56 27,918.56 20,452.12 20,447.37 15,133.29 14,433.29 13,388.99 9,231.74 9,231.74
Preferred Shares Outstanding 0 0 0 0 0 0 0 0 0.42 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 2023-03-31 2022-03-31 2021-06-30 2021-03-31
Interest Income 59.10 22.85 97.73 150.03 53.25 0 176.59 154.67 0 0 0
Interest Expense 2.60 4.80 11.62 9.86 5.15 0 3.49 7.66 0.00 0.00 0.00
Net Interest 0 0 86.11 188.27 0 0 173.10 147.01 0 0 0.15
Non-Interest Expense 1,898.40 2,348.23 0 0 1,604.25 0 0 0 0 0 0
Operating Expenses 4,029.84 6,072.98 6,538.17 14,414.25 8,462.53 0 7,922.11 6,735.55 7,450.16 1,790.10 1,872.13
   Selling, General and Administrative Expenses 1,898.40 2,348.23 2,424.63 4,149.03 1,604.25 0 2,138.24 1,500.55 1,620.14 1,415.77 1,480.97
   Research and Development Expenses 2,131.44 3,724.76 4,113.54 10,265.22 6,858.28 0 5,783.86 5,235.00 5,830.02 374.33 391.16
   Other Operating Expenses 0 0 0.00 0.00 0 0 0.00 0.00 0.00 0.00 0.00
Operating Income -4,029.84 -6,072.98 -6,538.17 -14,414.25 -8,462.53 0 -7,922.11 -6,735.55 -7,450.16 -1,790.10 -1,872.13
Net Non-Operating Income -6.77 -1.85 110.54 427.39 -23.69 0 495.89 135.99 88.78 185.60 923.63
EBT -4,007.93 -6,045.66 -6,427.63 -14,107.28 -8,365.80 0 -7,426.21 -6,599.56 -7,361.38 -1,604.51 -948.50
Income Tax 2.84 7.95 5.21 12.12 0 0 7.40 2.98 3.63 3.90 0.80
Net Income Including Non-Controlling Interests -4,010.77 -6,053.61 0 0 -8,365.80 0 0 0 0 0 0
Net Income -4,010.77 -6,053.61 -6,432.84 -14,119.40 -8,365.80 0 -7,433.61 -6,602.54 -7,365.01 -1,608.41 -949.30
EBIT -4,005.33 -6,040.86 -6,416.01 -14,097.41 -8,360.65 0 -7,422.73 -6,591.91 -7,361.38 -1,604.51 -948.50
Deprecation and Amortization 0 0 0.00 0.00 0 0 0.00 0.00 0.00 0.00 0.00
EBITDA -4,005.33 -6,040.86 0 0 -8,360.65 0 0 0 0 0 0
EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0 0
Diluted EPS -0.00 -0.00 0 0.00 -0.00 -0.00 0 0 0 0 0
Average Shares Outstanding Basic 72,685.74 49,847.87 48,644.34 38,342.67 33,804.69 30,555.01 29,887.33 21,833.60 18,466.59 0 0
Average Shares Outstanding Diluted 72,685.74 49,847.87 0 21,453.24 33,804.69 30,555.01 0 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-06-30 2021-03-31
Operating Cash Flow -5,589.49 -5,012.75 -8,194.20 -4,241.42 -11,725.81 -7,951.40 -6,266.78 0 -3,116.24
   Operating Net Income -4,010.77 -6,053.61 -6,432.84 -8,365.80 -7,433.61 -6,602.54 -7,365.01 -1,608.41 -949.30
   Deprecation and Amortization 0 0 0 0 0 0 0 0 0
   Deferred Income Tax 0 0 0 0 0 0 0 0 0
   Share Based Compensation 458.38 395.28 919.12 348.06 369.07 51.53 39.69 0 0
   Change in Working Capital -2,064.91 656.71 -1,652.02 3,848.64 1,382.60 -1,901.85 785.14 0 -1,548.81
   Other Operating Activities 0 0 -1,028.46 0 -6,043.88 501.46 273.40 0 -618.14
Investing Cash Flow 0 0 0 0 0 0 0 0 0
   Capital Expenditure 0 0 0.00 0 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0
   Other Investing Activities 0 0 0 0 0 0 0 0 0
Financing Cash Flow 8,409.03 10,087.06 7.27 3,622.06 332.00 687.09 0.07 0 0
   Net Issuance/Repayment of Debt -113.25 -111.05 -233.85 -124.50 332.00 667.50 0 0 0
   Net Issuance/Repurchase of Equity 8,522.28 0 241.12 3,746.52 0 19.59 0.07 0 0
   Dividends Paid 0 0 0 0 0 0 0 0 0
   Other Financing Activities 0.00 0 0.00 0.04 0.00 0.00 0.00 0 0
Net Change in Cash 2,819.55 5,074.31 -8,186.93 -619.36 -11,393.81 -7,264.30 -6,266.71 0 -3,116.24
   Cash at Beginning of Period 10,363.71 5,289.40 13,476.33 6,178.18 23,367.46 18,519.86 29,687.94 0 8,760.46
   Cash at End of Period 13,183.26 10,363.71 5,289.40 5,558.82 11,973.65 11,255.55 23,421.24 35,800.94 5,644.22
Free Cash Flow -5,589.49 -5,012.75 0 -4,241.42 0 0 0 0 0