Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -2.23 -2.57 -6.93
Price to Sales 20.18 15.56 42.19
Book Value Per Common Share -0.55 0.57 1.19 -2.69
Price to Book -5.16 3.06 2.56
Price to Operating Cash Flow -7.24 -3.16 -3.71
Price to Free Cash Flow -6.35 -2.43 -2.65
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-06-30
Price to Earnings 82.00 -60.33 -10.50 -5.20
Price to Sales 95.63 84.19 102.00 84.82
Book Value Per Common Share -0.53 -0.65 -0.85 -0.55 0.21
Price to Book -6.20 -5.59 -4.19 -5.16 4.97
Price to Operating Cash Flow -41.52 -85.99 -73.01 -75.20
Price to Free Cash Flow -35.81 -72.98 -52.04 -63.05
Enterprise Value to EBITDA 630278.77

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 27.75 67.56 41.56
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-06-30
Earning YoY
Revenue YoY -18.18 31.09 5.06 14.45
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.25 0.26 0.92 0.12
Quick Ratio 0.69 1.14 2.59 0.03
Current Ratio 0.80 1.24 2.70 0.04
Debt to Equity -2.16 0.48 0.35 -1.21
Long-Term Debt to Equity -1.51 0.06 0.07 -0.02
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-06-30
Cash Per Common Share 0.27 0.32 0.18 0.23 0.28
Quick Ratio 0.94 0.88 0.47 0.69 1.48
Current Ratio 1.08 0.98 0.58 0.80 1.72
Debt to Equity -2.25 -2.08 -1.74 -2.16 3.02
Long-Term Debt to Equity -1.67 -1.52 -1.24 -1.51 2.05

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -188.47 -79.89 -25.47 -192.93
ROE 219.25 -118.08 -34.50 40.22
Gross Margin 60.96 49.81 45.38 55.83
Operating Margin -880.68 -515.04 -506.85 -2067.53
EBITDA Margin -782.35 -343.75 -268.56 -1814.93
Net Profit Margin -903.43 -605.70 -609.46 -2267.60
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-06-30
ROA 5.60 -9.01 -53.06 -114.93
ROE -6.97 9.77 39.21 133.70
Gross Margin 67.77 73.22 63.48 61.48
Operating Margin 112.72 -150.65 -280.93 -2174.91
EBITDA Margin 154.06 -109.03 -201.59 -2077.76
Net Profit Margin 109.19 -149.82 -961.94 -2199.22

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 2024-06-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 61,691.00 76,382.00 143,855.00 49,918.00 0
   Current Assets 27,864.00 26,550.00 81,240.00 12,424.00 0
      Cash and Short-Term Investments 22,493.00 23,476.00 76,528.00 8,533.00 0
            Cash and Cash Equivalents 22,493.00 23,476.00 76,528.00 8,533.00 0
            Short-Term Investments 0 0 0 0 0
      Net Receivables 1,464.00 901.00 1,388.00 1,196.00 0
      Inventory 0 0 0 0 21.36
      Other Current Assets 0 0 0 0 0
   Non-Current Assets 33,827.00 49,832.00 62,615.00 37,494.00 0
      Property, Plant, Equipment Net 28,105.00 44,325.00 56,152.00 35,485.00 0
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 0 0 369.00 314.00
      Non-Current Deferred Assets 0 0 0 1,640.00 48.00
      Other Non-Current Assets 0 0 0 0.00 0
Liabilities 114,723.00 24,707.00 37,657.00 289,350.00 0
   Current Liabilities 34,621.00 21,392.00 30,072.00 283,715.00 0
      Payables and Expenses 15,375.00 12,307.00 16,267.00 30,085.00 0
            Account Payables 3,754.00 7,935.00 9,850.00 6,650.00 0
            Current Accrued Liabilities 11,621.00 4,372.00 6,417.00 23,435.00 0
      Short-Term Debt 363.00 2,143.00 2,176.00 109,458.00 0
      Other Current Liabilities 18,883.00 6,942.00 11,629.00 144,172.00 0
   Non-Current Liabilities 80,102.00 3,315.00 7,585.00 5,635.00 0
      Long-Term Debt 79,586.00 1,789.00 6,063.00 2,083.00 0
      Other Non-Current Liabilities 516.00 1,526.00 1,522.00 3,552.00 0
Equity -53,032.00 51,675.00 106,198.00 -239,432.00 0
   Shareholders Equity -53,032.00 51,675.00 106,198.00 -239,432.00 0
      Capital Stock 0 0 0 21,306.00 0
      Share Premium 356,247.00 344,144.00 337,928.00 96,471.00 0
      Retained Earnings -400,105.00 -283,833.00 -222,815.00 -186,174.00 0
      Treasury Shares 8,603.00 8,603.00 8,603.00 170,949.00 0
      Accumulated Other Comprehensive Income -571.00 -33.00 -312.00 -86.00 0
   Minority Interest 0 0 0 0 0
Debt 79,949.00 3,932.00 8,239.00 111,541.00 0
Net Debt 56,577.00 0 0 99,940.00 141,613.00
Common Shares Outstanding 96,015.32 90,303.99 89,195.44 88,994.15 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 12,870.00 10,074.00 6,012.00 4,247.00
Cost Of Revenue 5,024.00 5,056.00 3,284.00 1,876.00
Interest Income 1,041.00 1,901.00 1,164.00 36.00
Interest Expense 71.00 51.00 1,596.00 8,729.00
Non-Interest Expense 30,526.00 33,842.00 55,949.00 46,595.00
Gross Profit 7,846.00 5,018.00 2,728.00 2,371.00
Operating Expenses 57,608.00 74,421.00 93,595.00 71,006.00
   Selling, General and Administrative Expenses 30,526.00 33,842.00 55,949.00 46,595.00
   Research and Development Expenses 14,405.00 10,656.00 13,055.00 9,636.00
   Other Operating Expenses 14,405.00 22,197.00 8,529.00 2,253.00
Operating Income -49,762.00 -69,403.00 -90,867.00 -68,635.00
Net Non-Operating Income -2,107.00 9,271.00 1,140.00 1,069.00
EBT -113,414.00 -51,936.00 -32,068.00 -96,537.00
Income Tax 2,858.00 9,082.00 4,573.00 -232.00
Net Income Including Non-Controlling Interests -116,272.00 -61,018.00 -36,641.00 -96,305.00
Net Income -116,272.00 -61,018.00 -36,641.00 -96,305.00
EBIT -113,343.00 -51,885.00 -30,472.00 -87,808.00
Deprecation and Amortization 12,655.00 17,256.00 14,326.00 10,728.00
EBITDA -100,688.00 -34,629.00 -16,146.00 -77,080.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 91,164.29 89,539.91 83,188.28 68,824.65
Average Shares Outstanding Diluted 91,164.29 89,539.91 83,798.15 68,824.65
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -35,890.00 -49,571.00 -68,462.00 -28,439.00
   Operating Net Income -116,272.00 -61,018.00 -36,641.00 -96,305.00
   Deprecation and Amortization 12,655.00 17,256.00 14,326.00 10,728.00
   Deferred Income Tax 0 0 1,601.00 -1,619.00
   Share Based Compensation 2,335.00 6,299.00 8,368.00 10,881.00
   Change in Working Capital 2,560.00 -432.00 -9,526.00 18,404.00
   Other Operating Activities 0 -11,676.00 -46,590.00 29,472.00
Investing Cash Flow -5,032.00 -14,435.00 -30,852.00 -11,230.00
   Capital Expenditure 0 0 0 -11,216.00
   Net Purchase/Sale of PPE -5,038.00 -14,885.00 -27,252.00 -11,233.00
   Net Purchase/Sale of Investments Net 0 0 0 3.00
   Net Purchase/Sale of Business 0 0 -3,653.00 0
   Other Investing Activities 0 0 0 11,216.00
Financing Cash Flow 37,455.00 -83.00 164,336.00 28,636.00
   Net Issuance/Repayment of Debt 30,000.00 0 0 7,513.00
   Net Issuance/Repurchase of Equity 0 0 158,901.00 20,332.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 -83.00 5,435.00 791.00
Net Change in Cash -3,467.00 -64,089.00 65,022.00 -11,033.00
   Cash at Beginning of Period 24,603.00 77,792.00 8,533.00 17,267.00
   Cash at End of Period 23,682.00 24,603.00 77,792.00 8,533.00
Free Cash Flow -40,928.00 -64,456.00 -95,714.00 -39,672.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-06-30
Assets 70,874.00 73,846.00 61,402.00 61,691.00 76,598.00
   Current Assets 35,512.00 37,338.00 24,094.00 27,864.00 31,629.00
      Cash and Short-Term Investments 28,288.00 32,569.00 17,716.00 22,493.00 25,605.00
            Cash and Cash Equivalents 28,288.00 32,569.00 17,716.00 22,493.00 25,605.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 2,586.00 1,038.00 1,799.00 1,464.00 1,680.00
      Inventory 0 0 0 0 0
      Other Current Assets 4,638.00 3,731.00 4,579.00 3,907.00 4,344.00
   Non-Current Assets 35,362.00 36,508.00 37,308.00 33,827.00 44,969.00
      Property, Plant, Equipment Net 30,938.00 31,151.00 32,340.00 28,105.00 39,338.00
      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 0 0 0 0 0
      Other Non-Current Assets 4,424.00 5,357.00 4,968.00 5,722.00 5,631.00
Liabilities 127,760.00 141,959.00 144,494.00 114,723.00 57,534.00
   Current Liabilities 32,903.00 38,122.00 41,594.00 34,621.00 18,378.00
      Payables and Expenses 12,448.00 15,032.00 17,403.00 15,375.00 12,205.00
            Account Payables 2,405.00 2,886.00 3,742.00 3,754.00 9,475.00
            Current Accrued Liabilities 0 12,146.00 13,661.00 11,621.00 2,730.00
      Short-Term Debt 927.00 1,008.00 989.00 363.00 1,536.00
      Other Current Liabilities 19,528.00 22,082.00 23,202.00 18,883.00 4,637.00
   Non-Current Liabilities 94,857.00 103,837.00 102,900.00 80,102.00 39,156.00
      Long-Term Debt 94,351.00 103,310.00 102,402.00 79,586.00 37,655.00
      Other Non-Current Liabilities 506.00 527.00 498.00 516.00 1,501.00
Equity -56,886.00 -68,113.00 -83,092.00 -53,032.00 19,064.00
   Shareholders Equity -56,886.00 -68,113.00 -83,092.00 -53,032.00 19,064.00
      Capital Stock 0 0 0 0 0
      Share Premium 386,546.00 379,393.00 358,511.00 356,247.00 345,160.00
      Retained Earnings -435,371.00 -439,338.00 -432,686.00 -400,105.00 -317,112.00
      Treasury Shares 8,603.00 8,603.00 8,603.00 8,603.00 8,603.00
      Accumulated Other Comprehensive Income 542.00 435.00 -314.00 -571.00 -381.00
   Minority Interest 0 0 0 0 0
Debt 95,278.00 104,318.00 103,391.00 79,949.00 39,191.00
Net Debt 60,682.00 65,141.00 78,874.00 56,577.00 10,825.00
Common Shares Outstanding 107,548.88 105,244.55 97,466.26 96,015.32 91,104.09
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenues 3,633.00 4,440.00 3,387.00 3,224.00 2,817.00 0
Cost Of Revenue 1,171.00 1,189.00 1,237.00 1,242.00 1,228.00 0
Interest Income 281.00 288.00 177.00 183.00 281.00 0
Interest Expense 9.00 3.00 0 -5.00 65.00 2.00
Non-Interest Expense 8,500.00 7,253.00 6,485.00 -4,480.00 8,873.00 0
Gross Profit 2,462.00 3,251.00 2,150.00 1,982.00 1,589.00 0
Operating Expenses 10,544.00 9,536.00 11,665.00 10,973.00 13,085.00 0
   Selling, General and Administrative Expenses 8,500.00 7,253.00 6,485.00 -4,480.00 8,873.00 0
   Research and Development Expenses 0 0 2,493.00 0 0 138.00
   Other Operating Expenses 553.00 484.00 0 12,362.00 560.00 650.00
Operating Income -8,082.00 -6,285.00 -9,515.00 -8,991.00 -11,496.00 0
Net Non-Operating Income 14.00 -380.00 -167.00 -3,757.00 -647.00 0
EBT 4,086.00 -6,692.00 -31,866.00 -70,114.00 -11,809.00 0
Income Tax 119.00 -40.00 715.00 789.00 281.00 0
Net Income Including Non-Controlling Interests 3,967.00 -6,652.00 -32,581.00 -70,903.00 -12,090.00 0
Net Income 3,967.00 -6,652.00 -32,581.00 -70,903.00 -12,090.00 0
EBIT 4,095.00 -6,689.00 -9,515.00 -70,119.00 -11,744.00 0
Deprecation and Amortization 1,502.00 1,848.00 2,687.00 3,132.00 3,577.00 0
EBITDA 5,597.00 -4,841.00 -6,828.00 -66,987.00 -8,167.00 0
EPS 0.00 -0.00 -0.00 0 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 0 -0.00 -0.00
Average Shares Outstanding Basic 105,984.24 103,206.88 96,655.35 0 91,200.56 90,678.18
Average Shares Outstanding Diluted 130,984.24 103,206.88 96,655.35 0 91,200.56 90,678.18
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow -8,371.00 -4,342.00 -4,722.00 -3,635.00 -8,364.00
   Operating Net Income 3,967.00 -6,652.00 -32,581.00 -70,903.00 -12,090.00
   Deprecation and Amortization 1,502.00 1,848.00 2,687.00 3,132.00 3,577.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 1,653.00 576.00 595.00 570.00 507.00
   Change in Working Capital -2,729.00 -711.00 3,671.00 4,093.00 1,892.00
   Other Operating Activities -12,764.00 597.00 20,906.00 59,473.00 -2,250.00
Investing Cash Flow -1,338.00 -776.00 -1,913.00 -711.00 -1,001.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -1,338.00 -776.00 -1,913.00 -703.00 -1,001.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0.00 0.00 0.00 -8.00 0.00
Financing Cash Flow 5,552.00 19,746.00 1,684.00 10,110.00 -16.00
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 5,409.00 896.00 1,143.00 9,600.00 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 143.00 0 0 510.00 -16.00
Net Change in Cash -4,157.00 14,628.00 -4,951.00 5,764.00 -9,381.00
   Cash at Beginning of Period 33,579.00 18,908.00 23,682.00 17,726.00 26,779.00
   Cash at End of Period 29,350.00 33,579.00 18,908.00 23,682.00 17,726.00
Free Cash Flow -9,709.00 -5,118.00 -6,635.00 -4,338.00 -9,365.00