SDGR
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -7.51 | 62.81 | -8.90 | -24.53 |
| Price to Sales | 6.75 | 11.86 | 7.35 | 17.83 |
| Book Value Per Common Share | 5.78 | 8.71 | 7.21 | 7.85 |
| Price to Book | 3.34 | 4.11 | 2.59 | 4.44 |
| Price to Operating Cash Flow | -8.91 | -18.79 | -11.11 | -34.80 |
| Price to Free Cash Flow | -8.51 | -17.12 | -10.42 | -31.59 |
| Enterprise Value to EBITDA | 465134.58 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 | 2022-12-31 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|
| Price to Earnings | -44.58 | -34.10 | -24.07 | -35.67 | -39.42 | |||
| Price to Sales | 27.18 | 26.98 | 24.22 | 15.92 | 38.27 | 48.85 | ||
| Book Value Per Common Share | 4.36 | 4.66 | 5.11 | 5.78 | 6.17 | 8.71 | 7.21 | 7.95 |
| Price to Book | 4.60 | 4.32 | 3.86 | 3.34 | 3.01 | 4.11 | 2.59 | 3.32 |
| Price to Operating Cash Flow | -23.87 | -28.30 | 10.01 | -45.19 | -40.62 | |||
| Price to Free Cash Flow | -23.68 | -28.13 | 10.05 | -43.95 | -39.04 | |||
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | -4.21 | 19.73 | 31.19 | |
| EBITDA YoY | ||||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 | 2022-12-31 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|
| Earning YoY | ||||||||
| Revenue YoY | -0.79 | -8.05 | -32.57 | 150.26 | ||||
| EBITDA YoY | ||||||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 4.85 | 6.53 | 6.41 | 8.17 |
| Quick Ratio | 3.17 | 4.00 | 4.71 | 6.76 |
| Current Ratio | 3.31 | 4.25 | 4.91 | 6.85 |
| Debt to Equity | 0.95 | 0.46 | 0.54 | 0.36 |
| Long-Term Debt to Equity | 0.50 | 0.22 | 0.29 | 0.19 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 | 2022-12-31 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 5.31 | 6.13 | 7.01 | 4.83 | 5.34 | 7.44 | 7.34 | 7.21 |
| Quick Ratio | 3.09 | 3.13 | 3.22 | 3.17 | 3.90 | 4.00 | 4.71 | 6.21 |
| Current Ratio | 3.25 | 3.30 | 3.45 | 3.31 | 4.11 | 4.25 | 4.91 | 6.51 |
| Debt to Equity | 1.03 | 1.01 | 0.99 | 0.95 | 0.49 | 0.46 | 0.54 | 0.40 |
| Long-Term Debt to Equity | 0.58 | 0.55 | 0.55 | 0.50 | 0.24 | 0.22 | 0.29 | 0.22 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -22.73 | 5.07 | -21.67 | -13.27 |
| ROE | -44.40 | 7.42 | -33.31 | -18.02 |
| Gross Margin | 63.64 | 64.94 | 55.83 | 47.57 |
| Operating Margin | -100.85 | 19.81 | -82.41 | -80.80 |
| EBITDA Margin | -97.88 | 22.37 | -80.01 | -78.73 |
| Net Profit Margin | -90.16 | 18.79 | -82.44 | -72.78 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 | 2022-12-31 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|
| ROA | -5.02 | -6.27 | -8.05 | -4.89 | -5.70 | -6.93 | ||
| ROE | -10.21 | -12.59 | -16.01 | -9.54 | -8.49 | -9.67 | ||
| Gross Margin | 51.61 | 47.77 | 52.26 | 72.61 | 50.24 | 44.54 | ||
| Operating Margin | -84.58 | -96.61 | -100.38 | -23.45 | -193.89 | -123.84 | ||
| EBITDA Margin | -81.88 | -93.81 | -97.72 | -21.45 | -189.47 | |||
| Net Profit Margin | -60.37 | -78.84 | -100.43 | -45.54 | -108.06 | -123.96 |
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 | 2023-12-31 | 2022-12-31 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | ||||||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 823,226.00 | 802,955.00 | 688,587.00 | 756,487.00 |
| Current Assets | 634,993.00 | 567,796.00 | 533,989.00 | 625,060.00 |
| Cash and Short-Term Investments | 352,124.00 | 468,754.00 | 456,330.00 | 576,479.00 |
| Cash and Cash Equivalents | 147,326.00 | 161,066.00 | 95,717.00 | 120,267.00 |
| Short-Term Investments | 204,798.00 | 307,688.00 | 360,613.00 | 456,212.00 |
| Net Receivables | 255,333.00 | 65,992.00 | 55,953.00 | 40,551.00 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 27,536.00 | 33,050.00 | 21,706.00 | 8,030.00 |
| Non-Current Assets | 188,233.00 | 235,159.00 | 154,598.00 | 131,427.00 |
| Property, Plant, Equipment Net | 136,079.00 | 141,103.00 | 120,226.00 | 85,409.00 |
| Goodwill | 4,791.00 | 4,791.00 | 4,791.00 | 0 |
| Intangible Assets | 0 | 0 | 587.00 | 0 |
| Long-Term Investments | 43,208.00 | 83,251.00 | 25,683.00 | 43,167.00 |
| Non-Current Deferred Assets | 0 | 5,296.00 | 6,532.00 | 0 |
| Other Non-Current Assets | 0 | 718.00 | -3,221.00 | 0 |
| Liabilities | 401,781.00 | 254,397.00 | 240,682.00 | 199,402.00 |
| Current Liabilities | 191,747.00 | 133,673.00 | 108,799.00 | 91,211.00 |
| Payables and Expenses | 63,048.00 | 60,574.00 | 39,862.00 | 33,801.00 |
| Account Payables | 10,666.00 | 16,815.00 | 9,470.00 | 8,079.00 |
| Current Accrued Liabilities | 52,382.00 | 43,759.00 | 30,392.00 | 25,722.00 |
| Short-Term Debt | 16,755.00 | 16,868.00 | 11,006.00 | 2,042.00 |
| Other Current Liabilities | 111,944.00 | 56,231.00 | 57,931.00 | 55,368.00 |
| Non-Current Liabilities | 210,034.00 | 120,724.00 | 131,883.00 | 108,191.00 |
| Long-Term Debt | 101,074.00 | 111,014.00 | 105,485.00 | 77,827.00 |
| Other Non-Current Liabilities | 108,960.00 | 9,710.00 | 26,398.00 | 30,364.00 |
| Equity | 421,445.00 | 548,558.00 | 447,905.00 | 557,085.00 |
| Shareholders Equity | 421,445.00 | 548,558.00 | 447,894.00 | 557,071.00 |
| Capital Stock | 729.00 | 92.00 | 622.00 | 710.00 |
| Share Premium | 946,037.00 | 885,973.00 | 828,700.00 | 786,964.00 |
| Retained Earnings | -525,541.00 | -338,418.00 | -379,138.00 | -229,952.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 220.00 | 281.00 | -2,382.00 | -651.00 |
| Minority Interest | 0 | 0 | 11.00 | 14.00 |
| Investments | 0 | 390,939.00 | 386,296.00 | 0 |
| Debt | 117,829.00 | 127,882.00 | 116,491.00 | 79,869.00 |
| Common Shares Outstanding | 72,874.60 | 62,977.32 | 62,163.74 | 70,998.71 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 207,539.00 | 216,666.00 | 180,955.00 | 137,931.00 |
| Cost Of Revenue | 75,456.00 | 75,974.00 | 79,933.00 | 72,311.00 |
| Interest Income | 0 | 0 | 0 | 1,057.00 |
| Interest Expense | 0 | 0.00 | 0.00 | 0 |
| Net Interest | 0 | 0 | 3,950.00 | 0 |
| Non-Interest Expense | 139,594.00 | 0 | 0 | 86,159.00 |
| Gross Profit | 132,083.00 | 140,692.00 | 101,022.00 | 65,620.00 |
| Operating Expenses | 341,379.00 | 318,140.00 | 247,839.00 | 177,063.00 |
| Selling, General and Administrative Expenses | 139,594.00 | 136,374.00 | 121,467.00 | 86,159.00 |
| Research and Development Expenses | 201,785.00 | 181,766.00 | 126,372.00 | 90,904.00 |
| Other Operating Expenses | 0 | 0.00 | 0.00 | 0 |
| Operating Income | -209,296.00 | -177,448.00 | -146,817.00 | -111,443.00 |
| Net Non-Operating Income | 17,902.00 | 220,367.00 | -2,309.00 | 1,057.00 |
| EBT | -185,711.00 | 42,919.00 | -149,126.00 | -100,808.00 |
| Income Tax | 1,412.00 | 2,199.00 | 63.00 | 411.00 |
| Equity Method Investments Income | 0 | 147,213.00 | -6,259.00 | 0 |
| Net Income Including Non-Controlling Interests | -187,123.00 | 40,720.00 | -149,189.00 | -101,219.00 |
| Net Income Non-Controlling Interests | 0 | 0.00 | 3.00 | 826.00 |
| Net Income | -187,123.00 | 40,720.00 | -149,186.00 | -100,393.00 |
| EBIT | -209,296.00 | 42,919.00 | -149,126.00 | -111,443.00 |
| Deprecation and Amortization | 6,159.00 | 5,552.00 | 4,344.00 | 2,847.00 |
| EBITDA | -203,137.00 | 48,471.00 | -144,782.00 | -108,596.00 |
| EPS | -0.00 | 0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | 0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 72,670.29 | 71,776.30 | 71,173.42 | 70,594.95 |
| Average Shares Outstanding Diluted | 72,670.29 | 74,986.82 | 71,173.42 | 70,594.95 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -157,368.00 | -136,733.00 | -119,683.00 | -70,669.00 |
| Operating Net Income | -187,123.00 | 40,720.00 | -149,189.00 | -101,219.00 |
| Deprecation and Amortization | 6,159.00 | 5,552.00 | 4,344.00 | 2,847.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 49,903.00 | 47,841.00 | 39,630.00 | 26,490.00 |
| Change in Working Capital | -13,040.00 | -73,793.00 | -42,493.00 | 4,677.00 |
| Other Operating Activities | -13,267.00 | -157,053.00 | 28,025.00 | -3,464.00 |
| Investing Cash Flow | 148,836.00 | 193,034.00 | 90,023.00 | -16,812.00 |
| Capital Expenditure | 0 | -13,403.00 | -8,014.00 | 0 |
| Net Purchase/Sale of PPE | -7,311.00 | -13,403.00 | -8,014.00 | -7,167.00 |
| Net Purchase/Sale of Investments Net | 110,421.00 | 63,349.00 | 93,239.00 | -10,020.00 |
| Net Purchase/Sale of Business | 45,726.00 | -4,125.00 | -7,027.00 | 0 |
| Other Investing Activities | 0.00 | 160,616.00 | 19,839.00 | 375.00 |
| Financing Cash Flow | 10,123.00 | 9,048.00 | 2,110.00 | 7,952.00 |
| Net Issuance/Repayment of Debt | -58.00 | -19.00 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 0 | 9,440.00 | 2,110.00 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | -373.00 | 0.00 | 7,952.00 |
| Net Change in Cash | 1,591.00 | 65,349.00 | -27,550.00 | -79,529.00 |
| Cash at Beginning of Period | 161,066.00 | 95,717.00 | 123,267.00 | 202,796.00 |
| Cash at End of Period | 162,657.00 | 161,066.00 | 95,717.00 | 123,267.00 |
| Free Cash Flow | -164,679.00 | -150,136.00 | -127,697.00 | -77,836.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 | 2022-12-31 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|
| Assets | 653,660.00 | 688,244.00 | 743,032.00 | 823,226.00 | 669,296.00 | 802,955.00 | 688,587.00 | 687,880.00 |
| Current Assets | 471,722.00 | 513,995.00 | 570,944.00 | 634,993.00 | 456,398.00 | 567,796.00 | 533,989.00 | 556,872.00 |
| Cash and Short-Term Investments | 391,233.00 | 450,185.00 | 512,062.00 | 352,124.00 | 388,679.00 | 468,754.00 | 456,330.00 | 513,065.00 |
| Cash and Cash Equivalents | 172,120.00 | 219,901.00 | 337,761.00 | 147,326.00 | 160,416.00 | 161,066.00 | 95,717.00 | 130,819.00 |
| Short-Term Investments | 219,113.00 | 230,284.00 | 174,301.00 | 204,798.00 | 228,263.00 | 307,688.00 | 360,613.00 | 382,246.00 |
| Net Receivables | 57,400.00 | 36,784.00 | 20,347.00 | 255,333.00 | 44,823.00 | 65,992.00 | 55,953.00 | 18,767.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 23,089.00 | 27,026.00 | 38,535.00 | 27,536.00 | 22,896.00 | 33,050.00 | 21,706.00 | 25,040.00 |
| Non-Current Assets | 181,938.00 | 174,249.00 | 172,088.00 | 188,233.00 | 212,898.00 | 235,159.00 | 154,598.00 | 131,008.00 |
| Property, Plant, Equipment Net | 125,845.00 | 129,055.00 | 132,598.00 | 136,079.00 | 137,738.00 | 141,103.00 | 120,226.00 | 101,657.00 |
| Goodwill | 4,791.00 | 4,791.00 | 4,791.00 | 4,791.00 | 4,791.00 | 4,791.00 | 4,791.00 | 4,791.00 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 587.00 | 853.00 |
| Long-Term Investments | 44,382.00 | 34,691.00 | 30,113.00 | 43,208.00 | 65,216.00 | 83,251.00 | 25,683.00 | 21,903.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 | 5,296.00 | 6,532.00 | 0 |
| Other Non-Current Assets | 6,920.00 | 5,712.00 | 4,586.00 | 4,155.00 | 5,153.00 | 718.00 | -3,221.00 | 1,804.00 |
| Liabilities | 332,308.00 | 345,372.00 | 369,528.00 | 401,781.00 | 219,871.00 | 254,397.00 | 240,682.00 | 194,807.00 |
| Current Liabilities | 145,113.00 | 155,769.00 | 165,472.00 | 191,747.00 | 111,117.00 | 133,673.00 | 108,799.00 | 85,590.00 |
| Payables and Expenses | 46,090.00 | 44,385.00 | 43,259.00 | 63,048.00 | 52,457.00 | 60,574.00 | 39,862.00 | 30,970.00 |
| Account Payables | 9,218.00 | 8,800.00 | 11,861.00 | 10,666.00 | 11,210.00 | 16,815.00 | 9,470.00 | 5,263.00 |
| Current Accrued Liabilities | 36,872.00 | 35,585.00 | 31,398.00 | 52,382.00 | 41,247.00 | 43,759.00 | 30,392.00 | 25,707.00 |
| Short-Term Debt | 16,740.00 | 16,841.00 | 16,755.00 | 16,755.00 | 16,887.00 | 16,868.00 | 11,006.00 | 7,180.00 |
| Other Current Liabilities | 82,283.00 | 94,543.00 | 105,458.00 | 111,944.00 | 41,773.00 | 56,231.00 | 57,931.00 | 47,440.00 |
| Non-Current Liabilities | 187,195.00 | 189,603.00 | 204,056.00 | 210,034.00 | 108,754.00 | 120,724.00 | 131,883.00 | 109,217.00 |
| Long-Term Debt | 94,694.00 | 97,472.00 | 99,405.00 | 101,074.00 | 103,257.00 | 111,014.00 | 105,485.00 | 88,112.00 |
| Other Non-Current Liabilities | 92,501.00 | 92,131.00 | 104,651.00 | 108,960.00 | 5,497.00 | 9,710.00 | 26,398.00 | 21,105.00 |
| Equity | 321,352.00 | 342,872.00 | 373,504.00 | 421,445.00 | 449,425.00 | 548,558.00 | 447,905.00 | 493,073.00 |
| Shareholders Equity | 321,352.00 | 342,872.00 | 373,504.00 | 421,445.00 | 449,425.00 | 548,558.00 | 447,894.00 | 493,058.00 |
| Capital Stock | 737.00 | 736.00 | 642.00 | 729.00 | 729.00 | 92.00 | 622.00 | 92.00 |
| Share Premium | 981,853.00 | 970,687.00 | 958,029.00 | 946,037.00 | 933,424.00 | 885,973.00 | 828,700.00 | 807,827.00 |
| Retained Earnings | -661,317.00 | -628,522.00 | -585,349.00 | -525,541.00 | -485,325.00 | -338,418.00 | -379,138.00 | -312,078.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 79.00 | -29.00 | 90.00 | 220.00 | 597.00 | 281.00 | -2,382.00 | -3,403.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 11.00 | 15.00 |
| Investments | 0 | 0 | 204,414.00 | 0 | 0 | 390,939.00 | 386,296.00 | 404,149.00 |
| Debt | 111,434.00 | 114,313.00 | 116,160.00 | 117,829.00 | 120,144.00 | 127,882.00 | 116,491.00 | 95,292.00 |
| Common Shares Outstanding | 73,634.41 | 73,585.09 | 0 | 72,874.60 | 72,846.05 | 62,977.32 | 62,163.74 | 62,027.06 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2022-06-30 |
|---|---|---|---|---|---|---|---|
| Revenues | 54,324.00 | 54,759.00 | 59,551.00 | 88,317.00 | 35,290.00 | 0 | 38,469.00 |
| Cost Of Revenue | 26,285.00 | 28,601.00 | 28,427.00 | 24,187.00 | 17,562.00 | 0 | 21,335.00 |
| Interest Expense | 0 | 0 | 0.00 | 0 | 0 | 0 | 0.00 |
| Non-Interest Expense | 31,229.00 | 35,923.00 | 0 | 35,480.00 | 35,173.00 | 0 | 0 |
| Gross Profit | 28,039.00 | 26,158.00 | 31,124.00 | 64,130.00 | 17,728.00 | 0 | 17,134.00 |
| Operating Expenses | 73,986.00 | 79,061.00 | 82,013.00 | 84,842.00 | 86,150.00 | 0 | 60,607.00 |
| Selling, General and Administrative Expenses | 31,229.00 | 35,923.00 | 36,169.00 | 35,480.00 | 35,173.00 | 0 | 29,484.00 |
| Research and Development Expenses | 42,757.00 | 43,138.00 | 45,844.00 | 49,362.00 | 50,977.00 | 0 | 31,123.00 |
| Other Operating Expenses | 0 | 0 | 0.00 | 0 | 0 | 0 | 0.00 |
| Operating Income | -45,947.00 | -52,903.00 | -50,889.00 | -20,712.00 | -68,422.00 | 0 | -43,473.00 |
| Net Non-Operating Income | 3,623.00 | 5,438.00 | -8,891.00 | 3,539.00 | 4,737.00 | 0 | -4,168.00 |
| EBT | -32,633.00 | -42,886.00 | -59,780.00 | -39,253.00 | -38,226.00 | 0 | -47,641.00 |
| Income Tax | 162.00 | 287.00 | 28.00 | 963.00 | -90.00 | 0 | 33.00 |
| Equity Method Investments Income | 0 | 0 | 0 | 0 | 0 | 0 | -3,871.00 |
| Net Income Including Non-Controlling Interests | -32,795.00 | -43,173.00 | -59,808.00 | -40,216.00 | -38,136.00 | 0 | -47,674.00 |
| Net Income Non-Controlling Interests | 0 | 0 | 0.00 | 0 | 0 | 0 | -12.00 |
| Net Income | -32,795.00 | -43,173.00 | -59,808.00 | -40,216.00 | -38,136.00 | 0 | -47,686.00 |
| EBIT | -45,947.00 | -52,903.00 | -59,780.00 | -20,712.00 | -68,422.00 | 0 | -47,641.00 |
| Deprecation and Amortization | 1,465.00 | 1,531.00 | 1,589.00 | 1,764.00 | 1,558.00 | 0 | 0 |
| EBITDA | -44,482.00 | -51,372.00 | -58,191.00 | -18,948.00 | -66,864.00 | 0 | 0 |
| EPS | -0.00 | -0.00 | -0.00 | 0 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | 0 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 73,613.09 | 73,427.63 | 73,057.92 | 0 | 72,813.01 | 72,711.68 | 71,161.89 |
| Average Shares Outstanding Diluted | 73,613.09 | 73,427.63 | 73,057.92 | 0 | 72,813.01 | 72,711.68 | 71,161.89 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -61,873.00 | -52,198.00 | 144,063.00 | -31,113.00 | -33,256.00 |
| Operating Net Income | -32,795.00 | -43,173.00 | -59,808.00 | -40,216.00 | -38,136.00 |
| Deprecation and Amortization | 1,465.00 | 1,531.00 | 1,589.00 | 1,764.00 | 1,558.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 10,846.00 | 10,627.00 | 11,574.00 | 12,479.00 | 12,398.00 |
| Change in Working Capital | -31,027.00 | -15,809.00 | 171,158.00 | -25,888.00 | 17,936.00 |
| Other Operating Activities | -10,362.00 | -5,374.00 | 19,550.00 | 20,748.00 | -27,012.00 |
| Investing Cash Flow | 11,459.00 | -55,601.00 | 30,632.00 | 23,475.00 | 90,704.00 |
| Capital Expenditure | 0 | 0 | -596.00 | 0 | 0 |
| Net Purchase/Sale of PPE | -491.00 | -314.00 | -596.00 | -873.00 | -1,342.00 |
| Net Purchase/Sale of Investments Net | 11,950.00 | -55,287.00 | 31,228.00 | 24,420.00 | 43,248.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | -72.00 | 48,798.00 |
| Other Investing Activities | 0.00 | 0 | 596.00 | 0.00 | 0.00 |
| Financing Cash Flow | 307.00 | 2,018.00 | 409.00 | 119.00 | 392.00 |
| Net Issuance/Repayment of Debt | -14.00 | -15.00 | -14.00 | -15.00 | -14.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 423.00 | 177.00 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 321.00 | 2,033.00 | 0.00 | -43.00 | 406.00 |
| Net Change in Cash | -50,107.00 | -105,781.00 | 175,104.00 | -7,519.00 | 57,840.00 |
| Cash at Beginning of Period | 231,980.00 | 337,761.00 | 162,657.00 | 170,176.00 | 112,336.00 |
| Cash at End of Period | 181,873.00 | 231,980.00 | 337,761.00 | 162,657.00 | 170,176.00 |
| Free Cash Flow | -62,364.00 | -52,512.00 | 143,467.00 | -31,986.00 | -34,598.00 |