SDA
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -13.40 | -26.61 | ||
| Price to Sales | 2.10 | 1.94 | ||
| Book Value Per Common Share | 0.12 | 0.18 | -0.06 | |
| Price to Book | 79.95 | 46.04 | ||
| Price to Operating Cash Flow | 78.26 | -25.49 | ||
| Price to Free Cash Flow | 82.34 | -21.64 | ||
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Price to Earnings | -137.33 | ||||
| Price to Sales | 2.18 | 4.11 | 7.36 | 9.88 | 7.64 |
| Book Value Per Common Share | 0.29 | 0.34 | 0.12 | 0.18 | 0.16 |
| Price to Book | 8.67 | 12.15 | 79.95 | 61.12 | 57.44 |
| Price to Operating Cash Flow | -139.10 | -45.52 | 89.19 | 284.75 | 535.88 |
| Price to Free Cash Flow | -123.18 | -45.47 | 89.35 | 310.42 | 562.35 |
| Enterprise Value to EBITDA | 520353.13 | 6383998.93 | 5198301.10 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 21.49 | 28.80 | 13.31 | |
| EBITDA YoY | ||||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | 12.85 | -20.58 | 17.85 | -6.70 | |
| EBITDA YoY | -28.55 | ||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 0.50 | 0.61 | 0.58 | |
| Quick Ratio | 0.81 | 0.89 | 0.87 | |
| Current Ratio | 1.25 | 1.41 | 0.94 | |
| Debt to Equity | 2.73 | 2.28 | 4.22 | |
| Long-Term Debt to Equity | 0.36 | 0.45 |
| Breakdown | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.44 | 0.59 | 0.49 | 0.43 | 0.42 |
| Quick Ratio | 0.72 | 0.88 | 0.81 | 0.80 | 0.84 |
| Current Ratio | 1.28 | 1.35 | 1.25 | 1.29 | 1.32 |
| Debt to Equity | 2.09 | 2.09 | 2.73 | 2.35 | 2.51 |
| Long-Term Debt to Equity | 0.14 | 0.21 | 0.36 | 0.32 | 0.43 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -27.83 | -12.06 | -3.47 | |
| ROE | -103.67 | -39.58 | -18.13 | |
| Gross Margin | 11.65 | 11.46 | 17.75 | 14.91 |
| Operating Margin | -12.92 | -2.91 | -2.48 | 5.45 |
| EBITDA Margin | -11.72 | -1.57 | -0.47 | 7.07 |
| Net Profit Margin | -15.54 | -7.40 | -2.36 | -9.52 |
| Breakdown | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| ROA | -0.03 | -1.23 | -1.59 | -0.86 | -24.32 |
| ROE | -0.10 | -3.80 | -5.91 | -2.88 | -85.42 |
| Gross Margin | 54.38 | 52.80 | -79.27 | 53.27 | 46.27 |
| Operating Margin | 2.61 | -2.63 | 0.08 | 0.36 | -45.58 |
| EBITDA Margin | 4.19 | -1.17 | 1.15 | 1.90 | -44.81 |
| Net Profit Margin | -0.08 | -3.32 | -3.03 | -1.97 | -50.48 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio | -27.91 |
| Breakdown | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-06-30 | 2021-12-31 |
|---|---|---|---|---|---|
| Assets | 246,728.00 | 223,235.00 | 191,968.00 | 58,865.19 | 0 |
| Current Assets | 196,273.00 | 175,197.00 | 145,350.00 | 110.64 | 0 |
| Cash and Short-Term Investments | 47,850.00 | 52,450.00 | 47,744.00 | 110.64 | 0 |
| Cash and Cash Equivalents | 26,865.00 | 30,854.00 | 21,200.00 | 110.64 | 0 |
| Short-Term Investments | 20,985.00 | 21,596.00 | 26,544.00 | 0 | 29,147.00 |
| Net Receivables | 78,776.00 | 58,856.00 | 87,544.00 | 0 | 88,883.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 69,647.00 | 63,891.00 | 10,062.00 | 0 | 0 |
| Non-Current Assets | 50,455.00 | 48,038.00 | 46,618.00 | 58,754.55 | 0 |
| Property, Plant, Equipment Net | 39,728.00 | 35,758.00 | 33,258.00 | 0 | 35,124.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 274.00 | 282.00 | 290.00 | 0 | 314.00 |
| Non-Current Deferred Assets | 10,453.00 | 11,998.00 | 13,070.00 | 0 | 12,086.00 |
| Other Non-Current Assets | 0.00 | 0.00 | 0.00 | 0 | 0 |
| Liabilities | 180,494.00 | 155,245.00 | 155,192.00 | 3,517.48 | 0 |
| Current Liabilities | 156,765.00 | 124,392.00 | 155,192.00 | 664.98 | 0 |
| Payables and Expenses | 66,299.00 | 37,565.00 | 76,655.00 | 89.98 | 0 |
| Account Payables | 56,812.00 | 26,641.00 | 24,200.00 | 0 | 31,491.00 |
| Current Accrued Liabilities | 801.00 | 1,065.00 | 1,534.00 | 80.00 | 0 |
| Short-Term Debt | 84,141.00 | 83,777.00 | 74,968.00 | 575.00 | 0 |
| Other Current Liabilities | 6,325.00 | 3,050.00 | 3,569.00 | 0.00 | 0 |
| Non-Current Liabilities | 23,729.00 | 30,853.00 | 0 | 2,852.50 | 0 |
| Long-Term Debt | 21.00 | 504.00 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 23,708.00 | 30,349.00 | 0 | 0 | 0 |
| Equity | 66,234.00 | 67,990.00 | 36,776.00 | 55,347.71 | 0 |
| Shareholders Equity | 11,892.00 | 16,078.00 | -5,284.00 | 55,347.71 | 0 |
| Capital Stock | 10.00 | 9.00 | 8.00 | 61,509.55 | 0 |
| Share Premium | 208,701.00 | 144,160.00 | 95,764.00 | 0 | 75,091.00 |
| Retained Earnings | -195,387.00 | -126,724.00 | -99,580.00 | -6,244.24 | 0 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -1,432.00 | -1,367.00 | -1,476.00 | 82.40 | 0 |
| Minority Interest | 54,342.00 | 51,912.00 | 42,060.00 | 0 | 47,899.00 |
| Debt | 84,162.00 | 84,281.00 | 74,968.00 | 575.00 | 0 |
| Net Debt | 56,732.00 | 52,175.00 | 53,453.00 | 464.36 | 0 |
| Common Shares Outstanding | 98,505.06 | 89,705.06 | 82,549.13 | 0 | 82,549.13 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 441,897.00 | 363,746.00 | 282,413.00 | 249,235.00 |
| Cost Of Revenue | 390,434.00 | 322,057.00 | 232,293.00 | 212,074.00 |
| Interest Expense | 4,529.00 | 4,435.00 | 3,659.00 | 3,045.00 |
| Non-Interest Expense | 69,582.00 | 43,040.00 | 54,219.00 | 23,151.00 |
| Gross Profit | 51,463.00 | 41,689.00 | 50,120.00 | 37,161.00 |
| Operating Expenses | 109,826.00 | 57,151.00 | 62,697.00 | 26,802.00 |
| Selling, General and Administrative Expenses | 69,582.00 | 43,040.00 | 54,219.00 | 23,151.00 |
| Research and Development Expenses | 40,244.00 | 14,111.00 | 8,478.00 | 3,651.00 |
| Operating Income | -58,363.00 | -15,462.00 | -12,577.00 | 10,359.00 |
| Net Non-Operating Income | 794.00 | 5,001.00 | 5,121.00 | 2,457.00 |
| EBT | -61,600.00 | -15,007.00 | -10,674.00 | 10,530.00 |
| Income Tax | 2,853.00 | 2,572.00 | 231.00 | 938.00 |
| Net Income Including Non-Controlling Interests | -64,453.00 | -17,579.00 | -11,899.00 | -18,090.00 |
| Net Income Non-Controlling Interests | -4,210.00 | -9,333.00 | 5,230.00 | -5,631.00 |
| Net Income | -68,663.00 | -26,912.00 | -6,669.00 | -23,721.00 |
| EBIT | -57,071.00 | -10,572.00 | -7,015.00 | 13,575.00 |
| Deprecation and Amortization | 5,278.00 | 4,868.00 | 5,697.00 | 4,055.00 |
| EBITDA | -51,793.00 | -5,704.00 | -1,318.00 | 17,630.00 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 95,996.86 | 85,441.06 | 82,549.13 | 82,549.13 |
| Average Shares Outstanding Diluted | 95,996.86 | 85,441.06 | 82,549.13 | 82,549.13 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 11,841.00 | -27,651.00 | -16,144.00 | -25,567.00 |
| Operating Net Income | -64,453.00 | -17,579.00 | -10,905.00 | 9,592.00 |
| Deprecation and Amortization | 5,278.00 | 4,868.00 | 5,697.00 | 4,055.00 |
| Deferred Income Tax | 1,235.00 | 701.00 | -1,951.00 | -1,124.00 |
| Share Based Compensation | 63,535.00 | 11,295.00 | 1,599.00 | 1,668.00 |
| Change in Working Capital | 4,035.00 | -23,803.00 | -36,513.00 | -33,471.00 |
| Other Operating Activities | 2,211.00 | -3,133.00 | 25,929.00 | -6,287.00 |
| Investing Cash Flow | -12,147.00 | -2,394.00 | -5,919.00 | -20,682.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -545.00 | -4,874.00 | -4,351.00 | -1,284.00 |
| Net Purchase/Sale of Investments Net | 21.00 | 4,201.00 | 149.00 | -9,839.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | -11,623.00 | -1,721.00 | -1,717.00 | -9,559.00 |
| Financing Cash Flow | -2,951.00 | 40,434.00 | 10,636.00 | -66.00 |
| Net Issuance/Repayment of Debt | 2,877.00 | 10,536.00 | 11,146.00 | 6,619.00 |
| Net Issuance/Repurchase of Equity | 0 | 38,205.00 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | -6,620.00 |
| Other Financing Activities | 0 | 0 | 0 | 0 |
| Net Change in Cash | -3,257.00 | 10,389.00 | -11,427.00 | -46,315.00 |
| Cash at Beginning of Period | 33,595.00 | 23,917.00 | 37,917.00 | 82,405.00 |
| Cash at End of Period | 29,512.00 | 33,595.00 | 23,917.00 | 37,917.00 |
| Free Cash Flow | 11,253.00 | -32,579.00 | -20,495.00 | -26,851.00 |
| Breakdown | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Assets | 273,976.00 | 276,681.00 | 246,728.00 | 252,055.00 | 243,936.00 |
| Current Assets | 220,046.00 | 227,166.00 | 196,273.00 | 196,472.00 | 190,836.00 |
| Cash and Short-Term Investments | 45,347.00 | 60,453.00 | 47,850.00 | 42,017.00 | 41,799.00 |
| Cash and Cash Equivalents | 23,704.00 | 39,222.00 | 26,865.00 | 20,239.00 | 20,886.00 |
| Short-Term Investments | 21,643.00 | 21,231.00 | 20,985.00 | 21,778.00 | 20,913.00 |
| Net Receivables | 78,892.00 | 87,065.00 | 78,776.00 | 79,542.00 | 79,052.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 95,807.00 | 79,648.00 | 69,647.00 | 74,913.00 | 69,985.00 |
| Non-Current Assets | 53,930.00 | 49,515.00 | 50,455.00 | 55,583.00 | 53,100.00 |
| Property, Plant, Equipment Net | 42,294.00 | 38,582.00 | 39,728.00 | 33,659.00 | 33,353.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 281.00 | 276.00 | 274.00 | 285.00 | 275.00 |
| Non-Current Deferred Assets | 11,355.00 | 10,657.00 | 10,453.00 | 12,890.00 | 12,467.00 |
| Other Non-Current Assets | 0.00 | 0.00 | 0.00 | 8,749.00 | 7,005.00 |
| Liabilities | 185,206.00 | 187,067.00 | 180,494.00 | 176,850.00 | 174,496.00 |
| Current Liabilities | 172,414.00 | 168,206.00 | 156,765.00 | 152,494.00 | 144,677.00 |
| Payables and Expenses | 77,810.00 | 76,745.00 | 66,299.00 | 66,013.00 | 60,629.00 |
| Account Payables | 65,977.00 | 66,933.00 | 56,812.00 | 54,995.00 | 52,115.00 |
| Current Accrued Liabilities | 1,490.00 | 1,000.00 | 801.00 | 810.00 | 1,049.00 |
| Short-Term Debt | 87,677.00 | 84,790.00 | 84,141.00 | 84,100.00 | 82,089.00 |
| Other Current Liabilities | 6,927.00 | 6,671.00 | 6,325.00 | 2,381.00 | 1,959.00 |
| Non-Current Liabilities | 12,792.00 | 18,861.00 | 23,729.00 | 24,356.00 | 29,819.00 |
| Long-Term Debt | 32.00 | 17.00 | 21.00 | 20.00 | 154.00 |
| Other Non-Current Liabilities | 12,760.00 | 18,844.00 | 23,708.00 | 24,336.00 | 29,665.00 |
| Equity | 88,770.00 | 89,614.00 | 66,234.00 | 75,205.00 | 69,440.00 |
| Shareholders Equity | 29,132.00 | 34,816.00 | 11,892.00 | 17,725.00 | 15,619.00 |
| Capital Stock | 11.00 | 11.00 | 10.00 | 10.00 | 10.00 |
| Share Premium | 233,369.00 | 236,560.00 | 208,701.00 | 210,466.00 | 206,199.00 |
| Retained Earnings | -202,872.00 | -198,789.00 | -195,387.00 | -191,471.00 | -189,307.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -1,376.00 | -2,966.00 | -1,432.00 | -1,280.00 | -1,283.00 |
| Minority Interest | 59,638.00 | 54,798.00 | 54,342.00 | 57,480.00 | 53,821.00 |
| Debt | 87,709.00 | 84,807.00 | 84,162.00 | 84,120.00 | 82,243.00 |
| Net Debt | 63,836.00 | 45,141.00 | 56,732.00 | 63,123.00 | 60,438.00 |
| Common Shares Outstanding | 102,009.36 | 102,642.85 | 98,505.06 | 98,305.06 | 98,505.06 |
| Breakdown | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Revenues | 115,775.00 | 102,595.00 | 129,188.00 | 109,623.00 | 117,499.00 | 0 |
| Cost Of Revenue | 52,822.00 | 48,422.00 | 231,591.00 | 51,222.00 | 63,133.00 | 0 |
| Interest Expense | 1,066.00 | 1,029.00 | 1,066.00 | 1,161.00 | 1,132.00 | 0 |
| Non-Interest Expense | 58,382.00 | 56,208.00 | -109,025.00 | 56,736.00 | 76,833.00 | 0 |
| Gross Profit | 62,953.00 | 54,173.00 | -102,403.00 | 58,401.00 | 54,366.00 | 0 |
| Operating Expenses | 60,053.00 | 57,131.00 | -102,406.00 | 58,156.00 | 108,432.00 | 0 |
| Selling, General and Administrative Expenses | 58,382.00 | 56,208.00 | -109,025.00 | 56,736.00 | 76,833.00 | 0 |
| Research and Development Expenses | 1,671.00 | 923.00 | 6,619.00 | 1,420.00 | 31,599.00 | 0 |
| Operating Income | 2,900.00 | -2,958.00 | 3.00 | 245.00 | -54,066.00 | 0 |
| Net Non-Operating Income | 12.00 | 134.00 | 25.00 | 35.00 | 397.00 | 0 |
| EBT | 1,958.00 | -3,731.00 | -958.00 | -769.00 | -54,687.00 | 0 |
| Income Tax | 549.00 | -84.00 | 1,922.00 | 664.00 | 466.00 | 0 |
| Net Income Including Non-Controlling Interests | 1,409.00 | -3,647.00 | -2,880.00 | -1,433.00 | -55,153.00 | 0 |
| Net Income Non-Controlling Interests | -1,500.00 | 245.00 | -1,036.00 | -731.00 | -4,163.00 | 0 |
| Net Income | -91.00 | -3,402.00 | -3,916.00 | -2,164.00 | -59,316.00 | 0 |
| EBIT | 3,024.00 | -2,702.00 | 108.00 | 392.00 | -53,555.00 | 0 |
| Deprecation and Amortization | 1,830.00 | 1,503.00 | 1,381.00 | 1,692.00 | 900.00 | 0 |
| EBITDA | 4,854.00 | -1,199.00 | 1,489.00 | 2,084.00 | -52,655.00 | 0 |
| EPS | 0 | -0.00 | 0 | 0 | 0 | -0.00 |
| Diluted EPS | 0 | -0.00 | 0 | 0 | 0 | -0.00 |
| Average Shares Outstanding Basic | 0 | 102,432.04 | 0 | 0 | 0 | 89,505.06 |
| Average Shares Outstanding Diluted | 0 | 102,432.04 | 0 | 0 | 0 | 89,505.06 |
| Breakdown | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -1,816.00 | -9,265.00 | 10,659.00 | 3,807.00 | 1,675.00 |
| Operating Net Income | 1,409.00 | -3,647.00 | -2,880.00 | -1,433.00 | -55,153.00 |
| Deprecation and Amortization | 1,830.00 | 1,503.00 | 1,381.00 | 1,692.00 | 900.00 |
| Deferred Income Tax | -28.00 | -142.00 | 1,967.00 | 18.00 | -438.00 |
| Share Based Compensation | 375.00 | 370.00 | 374.00 | 376.00 | 62,411.00 |
| Change in Working Capital | -4,418.00 | -8,631.00 | 10,424.00 | 2,958.00 | -7,225.00 |
| Other Operating Activities | -984.00 | 1,282.00 | -607.00 | 196.00 | 1,180.00 |
| Investing Cash Flow | -1,402.00 | -138.00 | -2,355.00 | -2,502.00 | -3,214.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -234.00 | -16.00 | 19.00 | -319.00 | -77.00 |
| Net Purchase/Sale of Investments Net | -111.00 | -122.00 | -49.00 | -610.00 | 377.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | -1,057.00 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | 2,296.00 | 23,137.00 | -626.00 | -2,533.00 | 918.00 |
| Net Issuance/Repayment of Debt | 3,896.00 | 275.00 | 3,503.00 | -834.00 | 918.00 |
| Net Issuance/Repurchase of Equity | 0 | 27,860.00 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -1,600.00 | -4,998.00 | -4,129.00 | -1,699.00 | 0.00 |
| Net Change in Cash | -922.00 | 13,734.00 | 7,678.00 | -1,228.00 | -621.00 |
| Cash at Beginning of Period | 27,002.00 | 29,512.00 | 22,989.00 | 23,729.00 | 24,045.00 |
| Cash at End of Period | 26,493.00 | 41,819.00 | 29,512.00 | 22,989.00 | 23,729.00 |
| Free Cash Flow | -2,049.00 | -9,282.00 | 10,635.00 | 3,488.00 | 1,598.00 |