Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -4.00 -6.24 -1.89 -3.83
Price to Sales 31.50 45.97 33.96 210.96
Book Value Per Common Share 2.61 1.98 2.54 3.19
Price to Book 2.59 4.98 3.03 5.37
Price to Operating Cash Flow -5.16 -7.12 -16.20 -13.54
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
Price to Earnings -3.84 -5.56 -10.58 -5.88 -9.49 -25.56 -1.65 -2.63 -6.54 -3.35 -3.82 -7.23 -6.99 -13.37
Price to Sales 52.70 61.11 143.75 30.77 63.56 170.72 46.11 64.18 105.37 70.00 107.25 229.49 333.24 578.45
Book Value Per Common Share 2.13 2.12 2.30 2.61 1.83 2.08 1.69 1.98 2.02 2.27 2.24 2.54 2.23 2.53 2.89 3.19 3.55 3.82 -19.39
Price to Book 2.29 2.38 2.30 2.59 3.59 3.61 5.90 4.98 3.78 3.29 2.98 3.03 4.77 3.21 2.48 5.37 6.49 9.56
Price to Operating Cash Flow -6.33 -9.96 -16.15 -6.85 -9.72 -23.00 -7.27 -10.56 -17.43 -47.23 88.57 15.79 -26.15 -45.92
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 32.00 11.88 291.46
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
Earning YoY
Revenue YoY 15.23 129.23 92.45 104.52 45.50 90.79 101.18 143.90 49.58 99.49
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 2.18 1.90 3.14 4.13
Quick Ratio 3.45 4.27 5.52 11.30
Current Ratio 3.81 4.70 5.68 11.46
Debt to Equity 0.40 0.41 0.44 0.12
Long-Term Debt to Equity 0.22 0.21 0.24 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
Cash Per Common Share 1.57 1.29 1.25 1.51 1.69 1.99 1.27 1.69 1.92 2.06 2.48 2.89 2.65 3.02 3.47 3.04 5.33 7.94 9.51
Quick Ratio 4.42 3.35 3.87 3.45 3.96 5.56 4.09 4.27 4.17 3.62 5.17 5.52 5.64 5.47 7.05 11.30 13.77 21.77 8.16
Current Ratio 4.60 3.58 4.11 3.81 4.35 6.07 4.65 4.70 4.36 3.78 5.34 5.68 5.80 5.65 7.23 11.46 13.99 21.92 8.26
Debt to Equity 0.34 0.42 0.40 0.40 0.39 0.33 0.39 0.41 0.44 0.42 0.46 0.44 0.58 0.54 0.49 0.12 0.10 0.09 0.26
Long-Term Debt to Equity 0.19 0.24 0.25 0.22 0.18 0.18 0.21 0.21 0.23 0.18 0.24 0.24 0.36 0.32 0.31 0.04 0.03 0.04 0.14

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -32.01 -50.19 -34.15 -30.55
ROE -44.81 -70.79 -49.29 -34.35
Gross Margin 23.12 4.46 -21.16
Operating Margin -787.26 -744.88 -600.91 -1803.17
EBITDA Margin -725.24 -690.14 -571.41 -1720.59
Net Profit Margin -788.02 -735.99 -601.05 -1832.18
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
ROA -38.34 -28.75 -15.51 -39.20 -24.35 -16.38 -37.26 -21.31 -10.41 -29.76 -18.07 -7.62 -18.46 -10.61 -11.30
ROE -51.26 -40.73 -21.68 -54.28 -32.32 -22.78 -53.67 -30.29 -15.19 -46.90 -27.78 -11.34 -20.29 -11.53 -14.27
Gross Margin -44.80 -23.62 -47.31 40.24 27.81 19.05 2.90 5.71 -2.59 -43.06 -69.34 -46.24
Operating Margin -1366.71 -1099.72 -1364.13 -524.79 -672.79 -667.91 -697.66 -613.40 -538.22 -695.31 -934.20 -1049.41 -1551.01 -1396.36 -1189.23
EBITDA Margin -1202.64 -972.60 -1233.68 -481.42 -614.85 -614.43 -647.64 -573.35 -507.50 -662.67 -891.50 -997.52 -1470.32 -1323.32 -1134.50
Net Profit Margin -1370.97 -1102.17 -1366.49 -524.48 -669.64 -662.41 -697.87 -613.59 -538.38 -695.47 -934.41 -1049.67 -1589.88 -1450.17 -1198.95

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 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
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 1,448,598.00 653,699.00 701,288.00 610,345.00
   Current Assets 714,269.00 438,137.00 569,814.00 534,718.00
      Cash and Short-Term Investments 597,395.00 394,796.00 551,192.00 518,114.00
            Cash and Cash Equivalents 597,395.00 394,796.00 551,192.00 286,668.00
            Short-Term Investments 0 0 0 231,446.00
      Net Receivables 49,166.00 3,094.00 2,753.00 9,090.00
      Inventory 0 0 0 0
      Other Current Assets 67,708.00 40,247.00 15,869.00 7,514.00
   Non-Current Assets 734,329.00 215,562.00 131,474.00 75,627.00
      Property, Plant, Equipment Net 206,940.00 120,173.00 121,447.00 64,725.00
      Goodwill 148,873.00 52,056.00 801.00 801.00
      Intangible Assets 335,855.00 36,443.00 1,306.00 1,385.00
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 1,934.00 23,007.00 0 0
      Other Non-Current Assets 40,727.00 -16,117.00 7,920.00 8,716.00
Liabilities 413,816.00 190,263.00 215,482.00 67,407.00
   Current Liabilities 187,472.00 93,171.00 100,265.00 46,658.00
      Payables and Expenses 103,485.00 50,588.00 37,490.00 35,152.00
            Account Payables 21,613.00 3,953.00 4,586.00 2,819.00
            Current Accrued Liabilities 81,872.00 46,635.00 32,904.00 32,333.00
      Short-Term Debt 39,070.00 6,157.00 6,682.00 90.00
      Other Current Liabilities 44,917.00 36,426.00 56,093.00 11,416.00
   Non-Current Liabilities 226,344.00 97,092.00 115,217.00 20,749.00
      Long-Term Debt 124,316.00 44,515.00 44,956.00 633.00
      Other Non-Current Liabilities 102,028.00 52,577.00 70,261.00 20,116.00
Equity 1,034,782.00 463,436.00 485,806.00 542,938.00
   Shareholders Equity 1,034,782.00 463,436.00 485,806.00 542,938.00
      Capital Stock 4.00 2.00 2.00 2.00
      Share Premium 2,473,698.00 1,431,056.00 1,125,360.00 943,142.00
      Retained Earnings -1,431,283.00 -967,622.00 -639,556.00 -400,080.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -7,637.00 0 0 -126.00
   Minority Interest 0 0 0 0
Investments 0 0 0 231,446.00
Debt 163,386.00 50,672.00 51,638.00 723.00
Common Shares Outstanding 396,802.39 234,270.38 191,022.86 170,272.46
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 58,839.00 44,575.00 39,843.00 10,178.00
Cost Of Revenue 45,238.00 42,587.00 48,275.00 0
Gross Profit 13,601.00 1,988.00 -8,432.00 0
Operating Expenses 492,605.00 352,048.00 237,295.00 192,953.00
   Selling, General and Administrative Expenses 178,184.00 110,822.00 81,599.00 57,682.00
   Research and Development Expenses 314,421.00 241,226.00 155,696.00 135,271.00
   Other Operating Expenses 0.00 0.00 0.00 0.00
Operating Income -479,004.00 -350,060.00 -245,727.00 -182,775.00
Net Non-Operating Income 14,216.00 17,932.00 6,251.00 -3,704.00
Interest Income 15,758.00 0 0 0
Interest Expense 1,572.00 97.00 55.00 2,952.00
Net Interest 14,186.00 0 0 0
EBT -464,788.00 -332,128.00 -239,476.00 -186,479.00
Income Tax 1,127.00 4,062.00 0.00 0.00
Net Income -463,661.00 -328,066.00 -239,476.00 -186,479.00
EBIT -463,216.00 -332,031.00 -239,421.00 -183,527.00
Deprecation and Amortization 36,494.00 24,402.00 11,756.00 8,405.00
EBITDA -426,722.00 -307,629.00 -227,665.00 -175,122.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 274,207.15 207,853.70 175,537.49 125,348.11
Average Shares Outstanding Diluted 274,207.15 207,853.70 175,537.49 125,348.11
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -359,174.00 -287,780.00 -83,524.00 -158,614.00
   Operating Net Income -1,390,983.00 -328,066.00 -239,476.00 -186,479.00
   Deprecation and Amortization 36,494.00 24,402.00 11,756.00 8,405.00
   Deferred Income Tax -1,630.00 0 0 0
   Share Based Compensation 81,688.00 53,503.00 27,909.00 14,842.00
   Change in Working Capital -10,013.00 -37,450.00 104,403.00 9,885.00
   Other Operating Activities 925,270.00 -169.00 11,884.00 -5,267.00
Investing Cash Flow 260,059.00 -10,228.00 193,249.00 -271,744.00
   Capital Expenditure 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 17,045.00 14,252.00 37,359.00 39,798.00
   Net Purchase/Sale of Investments Net 0 480.00 230,608.00 370,328.00
   Net Purchase/Sale of Business -277,104.00 -1,844.00 0 0
   Net Loan & Lease Activity 0 9,862.00 7,110.00 0
   Other Investing Activities 520,118.00 -32,978.00 -81,828.00 -681,870.00
Financing Cash Flow 304,120.00 140,133.00 154,345.00 458,540.00
   Net Issuance/Repayment of Debt 4,440.00 766.00 90.00 12,798.00
   Net Issuance/Repurchase of Equity 300,417.00 128,093.00 143,711.00 462,901.00
   Dividends Paid 0 0 0 0
   Other Financing Activities -737.00 11,274.00 10,544.00 -17,159.00
Net Change in Cash 201,599.00 -157,687.00 263,763.00 28,182.00
   Cash at Beginning of Period 401,425.00 559,112.00 295,349.00 267,167.00
   Cash at End of Period 603,024.00 401,425.00 559,112.00 295,349.00
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 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
Assets 1,399,526.00 1,302,355.00 1,305,234.00 1,448,598.00 726,499.00 775,861.00 557,847.00 653,699.00 630,825.00 666,699.00 627,366.00 701,288.00 611,533.00 672,515.00 734,319.00 610,345.00 658,606.00 698,590.00 271,943.00
   Current Assets 714,105.00 587,160.00 584,145.00 714,269.00 474,172.00 522,375.00 343,615.00 438,137.00 410,522.00 431,020.00 492,125.00 569,814.00 481,618.00 545,996.00 619,455.00 534,718.00 600,870.00 647,635.00 221,822.00
      Cash and Short-Term Investments 662,972.00 528,216.00 503,528.00 597,395.00 429,202.00 476,124.00 299,521.00 394,796.00 389,578.00 409,195.00 474,456.00 551,192.00 456,736.00 517,337.00 592,626.00 518,114.00 589,143.00 642,970.00 219,130.00
            Cash and Cash Equivalents 662,972.00 528,216.00 503,528.00 597,395.00 429,202.00 476,124.00 299,521.00 394,796.00 389,578.00 409,195.00 474,456.00 551,192.00 456,736.00 455,776.00 509,412.00 286,668.00 404,954.00 642,970.00 219,130.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 61,561.00 83,214.00 231,446.00 184,189.00 0 0
      Net Receivables 21,910.00 21,606.00 46,124.00 49,166.00 2,255.00 2,526.00 2,599.00 3,094.00 3,164.00 3,051.00 2,057.00 2,753.00 11,635.00 11,680.00 11,397.00 9,090.00 2,282.00 49.00 71.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 29,223.00 37,338.00 34,493.00 67,708.00 42,715.00 43,725.00 41,495.00 40,247.00 17,780.00 18,774.00 15,612.00 15,869.00 13,247.00 16,979.00 15,432.00 7,514.00 9,445.00 4,616.00 2,621.00
   Non-Current Assets 685,421.00 715,195.00 721,089.00 734,329.00 252,327.00 253,486.00 214,232.00 215,562.00 220,303.00 235,679.00 135,241.00 131,474.00 129,915.00 126,519.00 114,864.00 75,627.00 57,736.00 50,955.00 50,121.00
      Property, Plant, Equipment Net 159,518.00 170,362.00 180,020.00 206,940.00 132,292.00 127,721.00 122,217.00 120,173.00 120,310.00 124,667.00 125,120.00 121,447.00 119,503.00 116,151.00 104,005.00 64,725.00 55,439.00 48,549.00 44,642.00
      Goodwill 162,042.00 164,270.00 158,112.00 148,873.00 52,056.00 52,056.00 52,056.00 52,056.00 52,750.00 60,516.00 801.00 801.00 801.00 801.00 801.00 801.00 801.00 801.00 801.00
      Intangible Assets 322,344.00 341,319.00 335,790.00 335,855.00 34,093.00 38,210.00 33,076.00 36,443.00 39,459.00 42,757.00 1,318.00 1,306.00 1,457.00 1,233.00 1,309.00 1,385.00 1,461.00 1,537.00 911.00
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 957.00 957.00 2,003.00 1,934.00 0 0 0 23,007.00 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 40,560.00 38,287.00 45,164.00 40,727.00 33,886.00 35,499.00 6,883.00 -16,117.00 7,784.00 7,739.00 8,002.00 7,920.00 8,154.00 8,334.00 8,749.00 8,716.00 35.00 68.00 3,767.00
Liabilities 352,578.00 383,209.00 371,287.00 413,816.00 201,940.00 191,412.00 156,696.00 190,263.00 192,858.00 197,736.00 197,191.00 215,482.00 223,499.00 234,936.00 240,753.00 67,407.00 59,574.00 55,876.00 56,662.00
   Current Liabilities 155,103.00 164,026.00 141,981.00 187,472.00 108,888.00 86,083.00 73,920.00 93,171.00 94,118.00 113,959.00 92,150.00 100,265.00 83,036.00 96,653.00 85,705.00 46,658.00 42,943.00 29,540.00 26,854.00
      Payables and Expenses 67,037.00 83,594.00 81,890.00 103,485.00 42,857.00 37,163.00 31,185.00 50,588.00 44,071.00 34,959.00 29,288.00 37,490.00 30,647.00 27,537.00 27,280.00 35,152.00 31,439.00 15,906.00 14,210.00
            Account Payables 13,935.00 19,314.00 25,086.00 21,613.00 2,260.00 3,762.00 5,115.00 3,953.00 4,265.00 2,086.00 4,247.00 4,586.00 3,890.00 3,176.00 4,162.00 2,819.00 6,326.00 3,196.00 3,125.00
            Current Accrued Liabilities 53,102.00 64,280.00 56,804.00 81,872.00 40,597.00 33,401.00 26,070.00 46,635.00 39,806.00 32,873.00 25,041.00 32,904.00 26,757.00 24,361.00 23,118.00 32,333.00 25,113.00 12,710.00 11,085.00
      Short-Term Debt 38,282.00 37,988.00 37,614.00 39,070.00 32,890.00 32,934.00 6,117.00 6,157.00 6,050.00 5,895.00 5,101.00 6,682.00 5,636.00 5,335.00 4,178.00 90.00 88.00 3,135.00 2,145.00
      Other Current Liabilities 49,784.00 42,444.00 22,477.00 44,917.00 33,141.00 15,986.00 36,618.00 36,426.00 43,997.00 73,105.00 57,761.00 56,093.00 46,753.00 63,781.00 54,247.00 11,416.00 11,416.00 10,499.00 10,499.00
   Non-Current Liabilities 197,475.00 219,183.00 229,306.00 226,344.00 93,052.00 105,329.00 82,776.00 97,092.00 98,740.00 83,777.00 105,041.00 115,217.00 140,463.00 138,283.00 155,048.00 20,749.00 16,631.00 26,336.00 29,808.00
      Long-Term Debt 85,734.00 95,983.00 105,362.00 124,316.00 115,193.00 119,002.00 44,857.00 44,515.00 45,426.00 47,005.00 47,950.00 44,956.00 46,554.00 48,349.00 47,927.00 633.00 656.00 9,423.00 10,339.00
      Other Non-Current Liabilities 111,741.00 123,200.00 123,944.00 102,028.00 -22,141.00 -13,673.00 37,919.00 52,577.00 53,314.00 36,772.00 57,091.00 70,261.00 93,909.00 89,934.00 107,121.00 20,116.00 15,975.00 16,913.00 19,469.00
Equity 1,046,948.00 919,146.00 933,947.00 1,034,782.00 524,559.00 584,449.00 401,151.00 463,436.00 437,967.00 468,963.00 430,175.00 485,806.00 388,034.00 437,579.00 493,566.00 542,938.00 599,032.00 642,714.00 215,281.00
   Shareholders Equity 1,046,948.00 919,146.00 933,947.00 1,034,782.00 524,559.00 584,449.00 401,151.00 463,436.00 437,967.00 468,963.00 430,175.00 485,806.00 388,034.00 437,579.00 493,566.00 542,938.00 599,032.00 642,714.00 -466,062.00
      Capital Stock 5.00 4.00 4.00 4.00 3.00 3.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 0
      Share Premium 2,980,729.00 2,681,111.00 2,553,492.00 2,473,698.00 1,776,933.00 1,740,981.00 1,460,144.00 1,431,056.00 1,312,591.00 1,250,570.00 1,135,056.00 1,125,360.00 970,096.00 959,393.00 949,932.00 943,142.00 934,175.00 930,431.00 11,287.00
      Retained Earnings -1,967,879.00 -1,805,589.00 -1,633,694.00 -1,431,283.00 -1,252,377.00 -1,156,535.00 -1,058,995.00 -967,622.00 -874,626.00 -781,609.00 -704,883.00 -639,556.00 -582,064.00 -521,619.00 -456,059.00 -400,080.00 -335,147.00 -287,719.00 -244,318.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 34,093.00 43,620.00 14,145.00 -7,637.00 0 0 0 0 0 0 0 0 0 -197.00 -309.00 -126.00 2.00 0 0
   Minority Interest 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 0 61,561.00 83,214.00 231,446.00 184,189.00 0 0
Debt 124,016.00 133,971.00 142,976.00 163,386.00 148,083.00 151,936.00 50,974.00 50,672.00 51,476.00 52,900.00 53,051.00 51,638.00 52,190.00 53,684.00 52,105.00 723.00 744.00 12,558.00 12,484.00
Common Shares Outstanding 491,800.50 432,830.64 406,410.73 396,802.39 286,124.28 280,968.28 237,508.68 234,270.38 216,313.68 206,737.33 192,230.85 191,022.86 174,072.91 172,815.41 171,078.09 170,272.46 168,634.96 168,425.91 24,036.72
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 39,143.00 33,968.00 14,818.00 -37,459.00 54,293.00 28,211.00 13,794.00 -24,394.00 33,684.00 23,151.00 12,134.00 -4,664.00 26,167.00 13,007.00 5,333.00 -5,140.00 7,645.00 5,111.00 2,562.00
Cost Of Revenue 56,678.00 41,990.00 21,829.00 -18,737.00 32,444.00 20,365.00 11,166.00 -24,396.00 32,706.00 21,829.00 12,448.00 -18,985.00 37,435.00 22,026.00 7,799.00 0 0 0 0
Gross Profit -17,535.00 -8,022.00 -7,011.00 -18,722.00 21,849.00 7,846.00 2,628.00 2.00 978.00 1,322.00 -314.00 14,321.00 -11,268.00 -9,019.00 -2,466.00 0 0 0 0
Operating Expenses 522,263.00 359,573.00 184,357.00 -128,177.00 317,085.00 204,729.00 98,968.00 -122,513.00 252,108.00 152,902.00 69,551.00 -102,850.00 173,477.00 113,153.00 53,515.00 -42,077.00 125,460.00 76,524.00 33,046.00
   Selling, General and Administrative Expenses 142,932.00 101,304.00 54,650.00 -17,463.00 100,998.00 63,241.00 31,408.00 -43,581.00 80,364.00 51,165.00 22,874.00 -43,509.00 61,761.00 42,273.00 21,074.00 -12,527.00 38,481.00 22,791.00 8,937.00
   Research and Development Expenses 379,331.00 258,269.00 129,634.00 -110,714.00 216,087.00 141,488.00 67,560.00 -78,932.00 171,744.00 101,737.00 46,677.00 -59,341.00 111,716.00 70,880.00 32,441.00 -29,550.00 86,979.00 53,733.00 24,109.00
   Other Operating Expenses 0.00 0.00 73.00 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 Income -539,798.00 -367,595.00 -191,368.00 109,455.00 -295,236.00 -196,883.00 -96,340.00 122,515.00 -251,130.00 -151,580.00 -69,865.00 117,171.00 -184,745.00 -122,172.00 -55,981.00 36,937.00 -117,815.00 -71,413.00 -30,484.00
Net Non-Operating Income 3,005.00 -6,947.00 -11,277.00 -5,987.00 9,347.00 6,668.00 4,188.00 -12,193.00 16,060.00 9,527.00 4,538.00 2,855.00 2,761.00 633.00 2.00 2,965.00 -3,731.00 -2,705.00 -233.00
Interest Income 16,541.00 11,001.00 5,558.00 -2,693.00 11,138.00 7,313.00 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Expense 1,821.00 988.00 508.00 171.00 967.00 414.00 20.00 -38.00 71.00 45.00 19.00 -29.00 42.00 28.00 14.00 -3,018.00 2,971.00 2,750.00 249.00
Net Interest 14,720.00 10,013.00 5,050.00 -2,884.00 10,171.00 6,899.00 0 0 0 0 0 0 0 0 0 0 0 0 0
EBT -536,793.00 -374,542.00 -202,645.00 103,468.00 -285,889.00 -190,215.00 -92,152.00 110,322.00 -235,070.00 -142,053.00 -65,327.00 120,026.00 -181,984.00 -121,539.00 -55,979.00 39,902.00 -121,546.00 -74,118.00 -30,717.00
Income Tax 156.00 158.00 158.00 -2,088.00 1,134.00 1,302.00 779.00 4,062.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income -536,637.00 -374,384.00 -202,487.00 101,380.00 -284,755.00 -188,913.00 -91,373.00 114,384.00 -235,070.00 -142,053.00 -65,327.00 120,026.00 -181,984.00 -121,539.00 -55,979.00 39,902.00 -121,546.00 -74,118.00 -30,717.00
EBIT -534,972.00 -373,554.00 -202,137.00 103,639.00 -284,922.00 -189,801.00 -92,132.00 110,284.00 -234,999.00 -142,008.00 -65,308.00 119,997.00 -181,942.00 -121,511.00 -55,965.00 36,884.00 -118,575.00 -71,368.00 -30,468.00
Deprecation and Amortization 64,223.00 43,180.00 19,331.00 -10,771.00 23,543.00 16,345.00 7,377.00 -5,446.00 16,849.00 9,271.00 3,728.00 -5,106.00 8,542.00 5,553.00 2,767.00 -2,899.00 6,169.00 3,733.00 1,402.00
EBITDA -470,749.00 -330,374.00 -182,806.00 92,868.00 -261,379.00 -173,456.00 -84,755.00 104,838.00 -218,150.00 -132,737.00 -61,580.00 114,891.00 -173,400.00 -115,958.00 -53,198.00 33,985.00 -112,406.00 -67,635.00 -29,066.00
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 -0.00 0.00 -0.00 -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 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 422,642.65 410,268.20 402,771.97 368,254.26 253,447.10 239,107.88 236,019.35 237,748.13 203,090.64 198,957.80 191,618.24 187,880.99 172,122.97 171,455.60 170,690.39 286,821.35 110,513.23 81,022.24 23,035.62
Average Shares Outstanding Diluted 422,642.65 410,268.20 402,771.97 368,254.26 253,447.10 239,107.88 236,019.35 237,748.13 203,090.64 198,957.80 191,618.24 187,880.99 172,122.97 171,455.60 170,690.39 286,821.35 110,513.23 81,022.24 23,035.62
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 -325,735.00 -208,375.00 -131,957.00 171,389.00 -243,744.00 -184,519.00 -102,300.00 140,022.00 -213,703.00 -140,783.00 -73,316.00 -137,901.00 -38,776.00 15,765.00 77,388.00 34,005.00 -97,456.00 -64,408.00 -30,755.00
   Operating Net Income -1,609,911.00 -1,123,152.00 -607,461.00 -825,942.00 -284,755.00 -188,913.00 -91,373.00 114,384.00 -235,070.00 -142,053.00 -65,327.00 120,026.00 -181,984.00 -121,539.00 -55,979.00 39,902.00 -121,546.00 -74,118.00 -30,717.00
   Deprecation and Amortization 64,223.00 43,180.00 19,331.00 -10,771.00 23,543.00 16,345.00 7,377.00 -5,446.00 16,849.00 9,271.00 3,728.00 -5,106.00 8,542.00 5,553.00 2,767.00 -2,899.00 6,169.00 3,733.00 1,402.00
   Deferred Income Tax 0 0 0 -1,630.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 87,460.00 62,217.00 36,058.00 -17,994.00 50,904.00 32,651.00 16,127.00 -13,353.00 37,417.00 20,625.00 8,814.00 -9,244.00 20,214.00 11,307.00 5,632.00 -4,618.00 10,501.00 7,138.00 1,821.00
   Change in Working Capital -94,070.00 -69,987.00 -64,631.00 95,833.00 -27,819.00 -43,929.00 -34,098.00 57,716.00 -36,710.00 -34,010.00 -24,446.00 -274,026.00 112,974.00 129,112.00 136,343.00 -9,731.00 15,621.00 481.00 3,514.00
   Other Operating Activities 1,226,563.00 879,367.00 484,746.00 931,893.00 -5,617.00 -673.00 -333.00 -13,279.00 3,811.00 5,384.00 3,915.00 30,449.00 1,478.00 -8,668.00 -11,375.00 11,351.00 -8,201.00 -1,642.00 -6,775.00
Investing Cash Flow -15,627.00 -13,078.00 -7,270.00 292,944.00 -15,397.00 -10,835.00 -6,653.00 10,245.00 -7,740.00 -7,393.00 -5,340.00 -299,527.00 201,228.00 148,244.00 143,304.00 -7,199.00 -219,501.00 -25,628.00 -19,416.00
   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 7,383.00 7,140.00 1,832.00 -15,840.00 15,397.00 10,835.00 6,653.00 -15,631.00 11,835.00 11,008.00 7,040.00 -17,180.00 29,380.00 20,817.00 4,342.00 -40,580.00 35,334.00 25,628.00 19,416.00
   Net Purchase/Sale of Investments Net 3,806.00 1,500.00 1,000.00 0 0 0 0 0.00 480.00 0 0 -316,707.00 230,608.00 169,061.00 147,646.00 186,161.00 184,167.00 0 0
   Net Purchase/Sale of Business -4,438.00 -4,438.00 -4,438.00 -277,104.00 0 0 0 1,986.00 -1,915.00 -1,915.00 0 0 0 0 0 0 0 0 0
   Net Loan & Lease Activity 0 9,862.00 7,110.00 0
   Other Investing Activities -22,378.00 -17,280.00 -5,664.00 589,843.00 -30,794.00 -21,670.00 -17,261.00 29,864.00 -26,090.00 -21,928.00 -14,824.00 36,254.00 -63,687.00 -44,446.00 -9,949.00 -152,780.00 -439,002.00 -51,256.00 -38,832.00
Financing Cash Flow 389,526.00 138,186.00 40,527.00 -280,277.00 293,481.00 277,019.00 13,897.00 73,028.00 59,474.00 5,709.00 1,922.00 140,420.00 7,089.00 4,752.00 2,084.00 -464,177.00 454,744.00 465,839.00 2,134.00
   Net Issuance/Repayment of Debt 6,258.00 4,131.00 2,047.00 2,023.00 2,339.00 52.00 26.00 622.00 72.00 48.00 24.00 -43.00 67.00 44.00 22.00 -39.00 12,777.00 40.00 20.00
   Net Issuance/Repurchase of Equity 395,484.00 141,024.00 41,024.00 -272,262.00 289,387.00 272,419.00 10,873.00 78,093.00 50,000.00 0 0 143,711.00 0 0 0 -468,033.00 462,901.00 465,879.00 2,154.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -12,216.00 -6,969.00 -2,544.00 -10,038.00 1,755.00 4,548.00 2,998.00 -5,687.00 9,402.00 5,661.00 1,898.00 -3,248.00 7,022.00 4,708.00 2,062.00 3,895.00 -20,934.00 -80.00 -40.00
Net Change in Cash 64,121.00 -69,179.00 -93,867.00 181,140.00 34,406.00 81,328.00 -95,275.00 223,242.00 -161,905.00 -142,288.00 -76,736.00 -297,315.00 169,541.00 168,761.00 222,776.00 -437,371.00 137,787.00 375,803.00 -48,037.00
   Cash at Beginning of Period 603,024.00 603,024.00 603,024.00 421,884.00 401,425.00 401,425.00 401,425.00 178,183.00 559,112.00 559,112.00 559,112.00 856,427.00 295,349.00 295,349.00 295,349.00 732,720.00 267,167.00 267,167.00 267,167.00
   Cash at End of Period 667,145.00 533,845.00 509,157.00 603,024.00 435,831.00 482,753.00 306,150.00 401,425.00 397,207.00 416,824.00 482,376.00 559,112.00 464,890.00 464,110.00 518,125.00 295,349.00 404,954.00 642,970.00 219,130.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0