Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 2.25
Price to Sales 149.38
Book Value Per Common Share 9.04 0.60 0.08 0.46 1.07
Price to Book 0.67
Price to Operating Cash Flow -0.72
Price to Free Cash Flow -0.72
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 2021-03-31 2020-12-31
Price to Earnings -4.47 -2.17 -4.36 -5.66
Price to Sales 27.32 1309.09 277.66
Book Value Per Common Share 3.57 4.83 6.49 9.04 9.89 9.68 0.60 0.06 0.08 0.35 0.46 1.01 1.07
Price to Book 0.24 0.22 0.22 0.67 0.77
Price to Operating Cash Flow -5.01 -7.23 -4.59 -3.34
Price to Free Cash Flow -5.01 -7.23 -4.59 -3.33
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 -98.35 -27.74 15.76 -42.24
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 2021-03-31 2020-12-31
Earning YoY
Revenue YoY -85.71 -30.63 6.13
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 0.09 0.20 0.13 0.38 0.73
Quick Ratio 0.73 0.23 0.87 4.43 9.28
Current Ratio 0.80 0.24 0.98 4.72 10.95
Debt to Equity 0.33 22.11 9.82 0.53 0.13
Long-Term Debt to Equity 0.23 0.80 3.56 0.28 0.03
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 2021-03-31 2020-12-31
Cash Per Common Share 0.02 0.00 0.22 0.04 0.24 3.37 0.17 0.12 0.12 0.23 0.38 0.64 0.73
Quick Ratio 0.13 0.99 0.73 1.18 4.69 0.23 0.75 0.87 1.82 4.43 6.65 9.28
Current Ratio 0.19 0.11 1.05 0.80 1.34 4.75 0.24 0.94 0.98 2.25 4.72 7.40 10.95
Debt to Equity 0.27 0.34 0.31 0.33 0.11 0.23 22.11 5.16 9.82 1.02 0.53 0.18 0.13
Long-Term Debt to Equity 0.18 0.24 0.22 0.23 0.04 0.01 0.80 1.27 3.56 0.47 0.28 0.03 0.03

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 8.65 -142.37 -93.59 -92.19 -25.90
ROE 11.47 -3290.03 -1012.67 -141.00 -29.22
Gross Margin 4.39 31.41 47.62 47.99 33.33
Operating Margin -12765.56 -151.38 -31.22
EBITDA Margin -12726.51 -138.69 -29.51
Net Profit Margin 6634.66 -215.70 -30.33 -53.75 -14.81
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 2021-03-31 2020-12-31
ROA -3.44 -6.44 -2.88 -3.38 126.92 -16.79 -16.44 -6.72
ROE -4.36 -8.63 -3.78 -3.74 156.00 -103.48 -33.25 -7.94
Gross Margin 97.39 6.56 5.99 69.27 41.22 45.31
Operating Margin -305.73 -23330.21 -4573.11 -11.71
EBITDA Margin -304.55 -23183.75 -4538.22 -9.39
Net Profit Margin -611.37 -29869.34 -4908.34 -30.16 -29.63 -21.34

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 2021-03-31 2020-12-31
Dividend Yield 0.00
Dividend Payout Ratio -68.72

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 104,853.80 12,532.91 3,710.03 5,766.16 9,792.70
   Current Assets 6,305.48 2,753.06 2,093.12 4,374.24 9,221.30
      Cash and Short-Term Investments 308.10 151.91 1,133.63 3,122.58 5,919.58
            Cash and Cash Equivalents 308.10 151.91 1,133.63 3,122.58 5,919.58
            Short-Term Investments 0 0 0 0 0
      Net Receivables 5,449.88 2,492.41 728.96 978.97 1,892.72
      Inventory 0 0.97 119.58 56.28 1,257.75
      Other Current Assets 547.50 107.77 110.94 216.41 151.25
   Non-Current Assets 98,548.33 9,779.85 1,616.90 1,391.92 571.40
      Property, Plant, Equipment Net 218.93 806.63 1,117.03 1,331.78 549.77
      Goodwill 21,372.96 0 0 0 0
      Intangible Assets 76,400.00 8,962.69 0 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 534.40 0 0 0 0
      Other Non-Current Assets 22.04 10.53 499.87 60.14 21.64
Liabilities 25,781.68 11,990.56 3,367.16 1,995.99 1,113.54
   Current Liabilities 7,906.89 11,556.35 2,146.79 926.03 842.24
      Payables and Expenses 4,212.41 2,483.04 1,019.17 747.47 476.08
            Account Payables 2,898.68 2,082.05 729.15 477.03 256.83
            Current Accrued Liabilities 1,313.73 400.99 290.01 270.44 219.26
      Short-Term Debt 2,763.76 6,669.70 196.87 178.56 131.15
      Other Current Liabilities 930.72 2,403.61 930.75 0.00 235.00
   Non-Current Liabilities 17,874.79 434.20 1,220.37 1,069.96 271.31
      Long-Term Debt 768.74 434.20 0 1,069.96 271.31
      Other Non-Current Liabilities 17,106.05 0.00 0 0.00 0.00
Equity 79,072.12 542.35 342.87 3,770.17 8,679.16
   Shareholders Equity 79,072.12 542.35 763.14 3,770.17 8,679.16
      Capital Stock 0.09 0.01 0.10 0.08 0.08
      Share Premium 118,111.01 33,788.28 20,482.57 20,017.53 19,610.63
      Retained Earnings -39,038.97 -33,245.94 -19,719.54 -16,247.44 -10,931.55
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 -420.27 0 0
Debt 3,532.50 7,103.91 196.87 1,248.53 402.46
Net Debt 3,224.41 6,952.00 0 0 0
Common Shares Outstanding 8,750.58 905.01 9,393.71 8,166.46 8,093.20
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 136.64 8,272.21 11,448.26 9,889.43 17,122.52
Cost Of Revenue 130.64 5,673.96 5,997.05 5,143.47 11,415.20
Gross Profit 6.00 2,598.26 5,451.22 4,745.97 5,707.32
Operating Expenses 14,707.02 9,861.66 9,875.51 10,038.26 8,213.98
   Selling, General and Administrative Expenses 10,246.98 6,950.38 6,216.55 8,811.83 7,488.01
   Research and Development Expenses 2,236.69 0 0 0 0
   Other Operating Expenses 2,223.35 2,911.28 3,658.96 1,226.43 725.97
Operating Income -14,701.01 -7,263.41 -4,424.30 -5,292.29 -2,506.66
Net Non-Operating Income -4,077.86 -6,457.14 514.43 0 0
Interest Expense 1,335.63 1,198.35 336.21 23.59 29.39
EBT -18,778.88 -13,720.55 -3,909.87 0 0
Income Tax 534.40 0.00 0.00 0.00 0.00
Net Income Including Non-Controlling Interests 9,065.80 -53,530.72 -3,909.87 -5,315.88 -2,536.05
Net Income Non-Controlling Interests 0.00 35,687.15 437.77 0.00 0.00
Net Income 9,065.80 -17,843.57 -3,472.10 -5,315.88 -2,536.05
EBIT -17,443.24 -12,522.20 -3,573.66 0 0
Deprecation and Amortization 53.36 1,049.83 195.85 138.91 102.52
EBITDA -17,389.88 -11,472.37 -3,377.81 0 0
EPS 0.00 -0.02 -0.00 0 0
Diluted EPS 0.00 -0.01 -0.00 0 0
Average Shares Outstanding Basic 3,375.32 764.06 8,472.95 0 0
Average Shares Outstanding Diluted 3,653.61 2,381.44 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -28,530.48 -2,073.60 -1,525.93 -2,566.23 -2,214.79
   Operating Net Income 9,065.80 0 -3,909.87 -5,315.88 -2,536.05
   Deprecation and Amortization 53.36 1,049.83 195.85 138.91 102.52
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 25.58 29.74 79.16 187.27 448.40
   Change in Working Capital -2,599.57 4,853.93 -218.20 1,098.60 -3,719.24
   Other Operating Activities -35,075.65 -8,007.10 2,327.12 1,324.88 3,489.58
Investing Cash Flow 27,552.79 -275.72 -427.85 -22.60 -37.51
   Capital Expenditure -12.00 0.00 -450.85 -22.60 -37.51
   Net Purchase/Sale of PPE -12.00 0 -427.85 -22.60 -37.51
   Net Purchase/Sale of Investments Net -2,500.00 0 0 0 0
   Net Purchase/Sale of Business 132.98 -344.45 0 0 0
   Other Investing Activities 29,943.81 68.74 450.85 22.60 37.51
Financing Cash Flow -12,984.77 -500.00 -35.17 -208.18 5,300.18
   Net Issuance/Repayment of Debt 150.00 250.00 0 -225.00 0
   Net Issuance/Repurchase of Equity 2,980.41 1.62 131.79 16.82 6,032.53
   Dividends Paid 14,858.83 0 0 0 0
   Other Financing Activities -30,974.01 -751.62 -166.96 0.00 -732.36
Net Change in Cash 307.78 -942.99 -1,988.94 -2,797.00 3,047.88
   Cash at Beginning of Period 0.31 1,094.89 3,122.58 5,919.58 2,871.69
   Cash at End of Period 308.10 151.91 1,133.63 3,122.58 5,919.58
Free Cash Flow -28,542.48 0 -1,976.77 -2,588.82 -2,252.29
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 2021-03-31 2020-12-31
Assets 104,830.29 104,294.83 106,358.53 104,853.80 94,259.69 16,739.27 12,532.91 4,037.77 3,710.03 5,840.21 5,766.16 9,693.22 9,792.70
   Current Assets 1,421.07 856.62 7,825.23 6,305.48 7,255.92 14,026.82 2,753.06 2,386.11 2,093.12 3,597.07 4,374.24 9,155.24 9,221.30
      Cash and Short-Term Investments 355.69 15.39 2,049.64 308.10 579.10 3,498.81 151.91 1,194.08 1,133.63 1,870.68 3,122.58 5,209.28 5,919.58
            Cash and Cash Equivalents 355.69 15.39 2,049.64 308.10 579.10 3,498.81 151.91 1,194.08 1,133.63 1,870.68 3,122.58 5,209.28 5,919.58
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 590.05 0 5,347.50 5,449.88 5,816.23 10,348.40 2,492.41 707.91 728.96 1,040.89 978.97 3,018.10 1,892.72
      Inventory 234.52 0 0 0 7.88 5.37 0.97 126.25 119.58 273.95 56.28 470.12 1,257.75
      Other Current Assets 240.81 0 0 547.50 852.70 174.23 107.77 357.87 110.94 411.54 216.41 457.74 151.25
   Non-Current Assets 103,409.22 103,438.21 98,533.30 98,548.33 87,003.78 2,712.45 9,779.85 1,651.66 1,616.90 2,243.14 1,391.92 537.98 571.40
      Property, Plant, Equipment Net 39.36 46.31 203.91 218.93 232.99 190.41 806.63 1,064.71 1,117.03 1,252.38 1,331.78 516.34 549.77
      Goodwill 21,372.96 21,372.96 21,372.96 21,372.96 7,848.75 0 0 0 0 0 0 0 0
      Intangible Assets 76,400.00 76,400.00 76,400.00 76,400.00 76,400.00 0 8,962.69 0 0 792.50 0 0 0
      Long-Term Investments 0 0 0 0 2,500.00 2,500.00 0 0 0 0 0 0 0
      Non-Current Deferred Assets 534.40 534.40 534.40 534.40 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 0 0 0 22.04 0 22.04 10.53 586.95 499.87 198.26 60.14 21.64 21.64
Liabilities 22,160.66 26,434.37 25,195.77 25,781.68 9,127.65 3,120.36 11,990.56 3,382.63 3,367.16 2,952.63 1,995.99 1,491.59 1,113.54
   Current Liabilities 7,351.45 7,688.20 7,461.66 7,906.89 5,413.44 2,951.39 11,556.35 2,550.15 2,146.79 1,596.33 926.03 1,237.68 842.24
      Payables and Expenses 4,657.69 4,936.53 4,596.09 4,212.41 3,946.97 1,446.50 2,483.04 818.99 1,019.17 1,253.43 747.47 885.65 476.08
            Account Payables 3,672.86 3,136.44 3,184.77 2,898.68 2,904.08 953.10 2,082.05 515.77 729.15 908.50 477.03 366.47 256.83
            Current Accrued Liabilities 984.83 1,800.09 1,411.32 1,313.73 1,042.89 493.40 400.99 303.23 290.01 344.94 270.44 519.18 219.26
      Short-Term Debt 2,555.14 2,543.06 2,580.84 2,763.76 325.88 32.61 6,669.70 204.06 196.87 175.24 178.56 342.03 131.15
      Other Current Liabilities 138.62 208.61 284.74 930.72 1,140.58 1,472.28 2,403.61 1,527.09 930.75 167.66 0.00 10.00 235.00
   Non-Current Liabilities 14,809.21 18,746.17 17,734.10 17,874.79 3,714.21 168.98 434.20 832.48 1,220.37 1,356.30 1,069.96 253.91 271.31
      Long-Term Debt 0 1,580.53 1,231.38 768.74 2,429.21 168.98 434.20 0 0 1,022.97 1,069.96 253.91 271.31
      Other Non-Current Liabilities 14,809.21 17,165.64 16,502.72 17,106.05 1,285.00 0.00 0.00 0 0 333.33 0.00 0.00 0.00
Equity 82,669.63 77,860.46 81,162.76 79,072.12 85,132.04 13,618.91 542.35 655.14 342.87 2,887.58 3,770.17 8,201.62 8,679.16
   Shareholders Equity 82,669.63 77,860.46 81,162.76 79,072.12 85,132.04 13,618.91 542.35 655.14 763.14 2,870.08 3,770.17 8,201.62 8,679.16
      Capital Stock 0.23 0.16 0.12 0.09 0.09 0.01 0.01 0.10 0.10 0.08 0.08 0.08 0.08
      Share Premium 135,100.30 126,683.85 123,265.60 118,111.01 117,008.20 38,289.87 33,788.28 20,560.50 20,482.57 20,083.27 20,017.53 19,784.62 19,610.63
      Retained Earnings -52,430.90 -48,823.54 -42,102.97 -39,038.97 -31,876.24 -24,670.98 -33,245.94 -19,905.46 -19,719.54 -17,213.27 -16,247.44 -11,583.07 -10,931.55
      Treasury Shares 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
   Minority Interest 0 0 0 0 0 0 0 0 -420.27 17.50 0 0 0
Investments 0 0 0 0 0 2,500.00 0 0 0 0 0 0 0
Debt 2,555.14 4,123.59 3,812.22 3,532.50 2,755.10 201.58 7,103.91 204.06 196.87 1,198.20 1,248.53 595.94 402.46
Net Debt 2,175.31 4,077.59 1,557.82 3,224.41 1,941.74 0 6,952.00 0 0 0 0 0 0
Common Shares Outstanding 23,132.26 16,131.18 12,515.02 8,750.58 8,605.37 1,406.35 905.01 10,210.88 9,393.71 8,181.04 8,166.46 8,093.20 8,093.20
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 2021-03-31
Revenues 590.05 0 10.26 71.78 64.86 0 0 2,247.75 3,240.27 3,053.24
Cost Of Revenue 15.43 0 9.59 69.66 60.98 0 0 690.67 1,904.57 1,669.92
Interest Income 1.12 63.15 25.44 0 29.45 0 0 0 0 0
Interest Expense 1,803.43 653.49 670.78 1,019.68 217.43 0 98.52 62.39 1.36 7.26
Non-Interest Expense 4,756.73 4,292.95 2,935.69 0 2,090.22 0 0 0 0 0
Gross Profit 574.62 0 0.67 2.12 3.88 0 0 1,557.08 1,335.70 1,383.31
Operating Expenses 4,935.83 5,157.91 3,571.99 5,708.88 3,501.67 0 5,496.47 1,904.49 2,304.28 2,027.57
   Selling, General and Administrative Expenses 4,756.73 4,292.95 2,935.69 3,053.20 2,090.22 0 5,103.56 1,422.98 1,822.27 2,027.57
   Research and Development Expenses 169.34 843.55 574.68 982.71 1,253.98 0 0 0 0 0
   Other Operating Expenses 9.76 21.41 61.62 1,672.97 157.47 0 392.91 481.50 482.01 0.00
Operating Income -4,361.21 -5,157.91 -3,571.32 -5,706.75 -3,497.79 0 -5,496.47 -347.41 -968.57 -644.25
Net Non-Operating Income 43.20 0 -96.65 -2,937.41 0 0 -1,140.45 21.70 0 0
EBT -3,607.36 -6,720.57 -3,064.00 -8,958.35 -3,183.60 0 -6,636.92 -325.71 0 0
Income Tax 0 0 0 534.40 0 0 0.00 0.00 0.00 0.00
Net Income Including Non-Controlling Interests -3,607.36 -6,720.57 -3,064.00 -8,996.63 -3,183.60 0 21,246.03 -677.95 -965.84 -651.52
Net Income Non-Controlling Interests 0 0 0 0.00 0 0 0.00 0.00 5.69 0.00
Net Income -3,607.36 -6,720.57 -3,064.00 -8,996.63 -3,183.60 0 21,246.03 -677.95 -960.15 -651.52
EBIT -1,803.93 -6,067.08 -2,393.21 -7,938.67 -2,966.17 0 -6,538.41 -263.32 0 0
Deprecation and Amortization 6.95 15.46 15.02 22.42 22.64 0 8.30 52.32 58.30 33.43
EBITDA -1,796.98 -6,051.62 -2,378.19 -7,916.25 -2,943.53 0 -6,530.10 -211.00 0 0
EPS -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0.02 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 0.02 0 -0.00 -0.00
Average Shares Outstanding Basic 18,957.65 14,141.44 9,425.75 8,684.35 2,373.85 1,406.35 1,036.76 10,060.74 8,178.12 8,093.20
Average Shares Outstanding Diluted 18,957.65 14,141.44 9,425.75 9,567.26 2,373.85 1,406.35 1,266.98 0 0 8,093.20
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Operating Cash Flow -3,213.68 -2,034.25 -2,956.46 -5,388.11 -20,379.35 -1,863.06 -1,000.77 -710.30
   Operating Net Income -3,607.36 -6,720.57 -3,064.00 -3,183.60 21,246.03 -677.95 -965.84 -651.52
   Deprecation and Amortization 6.95 15.46 15.02 22.64 8.30 52.32 58.30 33.43
   Deferred Income Tax 0 0 0 0 0 0 0 0
   Share Based Compensation 0 0 0 0 24.27 14.43 32.78 75.74
   Change in Working Capital -833.20 403.69 -344.38 -1,737.73 -8,176.80 -401.87 -146.35 -566.12
   Other Operating Activities 0 0 0 0 -33,481.15 -850.00 20.33 398.17
Investing Cash Flow 0 0 0 120.98 27,432.59 333.20 23.00 0
   Capital Expenditure 0 0 0 0 0.00 -87.07 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0 0 0 -87.07 23.00 0
   Net Purchase/Sale of Investments Net 0 0 0 0 -2,500.00 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0
   Other Investing Activities 0 0 0 0 29,932.59 507.34 0.00 0
Financing Cash Flow 3,553.99 0 4,698.00 -1,873.76 -13,901.01 681.26 -274.12 0
   Net Issuance/Repayment of Debt -3,317.33 0 100.00 314.00 0 0 0 0
   Net Issuance/Repurchase of Equity 6,871.32 0 4,598.00 0 26.41 0.01 0.88 0
   Dividends Paid 0 0 0 -2,187.76 12,671.07 0 0 0
   Other Financing Activities 0.00 0 0.00 0.00 -26,598.49 681.25 -275.00 0
Net Change in Cash 340.30 -2,034.25 1,741.54 -7,140.89 3,346.91 82.92 -1,251.90 -710.30
   Cash at Beginning of Period 15.39 2,049.64 308.10 7,719.99 151.91 1,111.16 3,122.58 5,919.58
   Cash at End of Period 355.69 15.39 2,049.64 579.10 3,498.81 1,194.08 1,870.68 5,209.28
Free Cash Flow -3,213.68 -2,034.25 -2,956.46 -5,400.11 0 -1,950.13 0 0