Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -3.32
Price to Sales 659.21
Book Value Per Common Share 0.07 5.07 -0.45 -0.31 -0.14
Price to Book 73.68
Price to Operating Cash Flow -2.15
Price to Free Cash Flow -2.15
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 2023-06-30 2022-12-31 2021-12-31 2021-03-31 2020-12-31
Price to Earnings -11.91 -9.33 -11.57 41.81 15.70 -3.98
Price to Sales 473.85 4181.25 7477.78
Book Value Per Common Share 0.17 0.18 0.17 0.07 -1.55 -0.51 5.07 -0.58 -0.45 -0.31 -0.16 -0.14
Price to Book 32.12 34.68 33.10 73.68 -4.32 -26.28
Price to Operating Cash Flow -14.39 -16.43 -12.80 -19.99 -23.81
Price to Free Cash Flow -14.35 -16.24 -19.97 -23.60
Enterprise Value to EBITDA 408854.35

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY -37.78 164.71 -88.67 -83.94
EBITDA YoY 41.98
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 2023-06-30 2022-12-31 2021-12-31 2021-03-31 2020-12-31
Earning YoY -73.77
Revenue YoY -44.44 -96.75
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 0.50 319.74 0.02 0.02 0.01
Quick Ratio 0.07 0.06 0.07 0.16
Current Ratio 2.40 0.13 0.24 0.25 0.43
Debt to Equity 12.24 1.23 -1.19 -1.27 -1.73
Long-Term Debt to Equity 7.58 0.13 -0.61 -0.51 -0.73
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 2023-06-30 2022-12-31 2021-12-31 2021-03-31 2020-12-31
Cash Per Common Share 1.00 0.60 0.44 0.39 0.36 3.12 0.32 6.88 0.02 0.02 0.02 0.01
Quick Ratio 0.24 0.62 0.07 0.01 0.06 0.07 0.22 0.16
Current Ratio 1.31 2.24 2.45 2.40 0.40 0.64 0.13 0.06 0.24 0.25 0.55 0.43
Debt to Equity 6.79 4.43 3.32 12.24 -1.54 -3.52 1.23 -1.55 -1.19 -1.27 -1.52 -1.73
Long-Term Debt to Equity 1.27 2.27 1.81 7.58 -0.56 -0.26 0.13 -0.45 -0.61 -0.51 -0.87 -0.73

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -165.69 -123.72 -322.80 -275.05 -276.82
ROE -2193.11 -276.28 60.42 73.05 201.35
Gross Margin 113.33 61.76 41.67 91.54
Operating Margin -18955.36 21888.89 40691.18 -2529.33 -1164.51
EBITDA Margin -18608.93 22034.44 41079.41 -2485.67 -1097.16
Net Profit Margin -19894.64 -16447.78 -30770.59 -2891.67 -581.64
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 2023-06-30 2022-12-31 2021-12-31 2021-03-31 2020-12-31
ROA -37.75 -72.12 -71.51 18.96 -86.93 -21.74 -66.08
ROE -293.98 -391.74 -308.72 -10.20 219.01 11.97 34.21
Gross Margin 44.44 19.13
Operating Margin -4963.85 9992.86 -186760.00 -20966.67 -631.77
EBITDA Margin -4951.54 10392.86 -186260.00 -619.86
Net Profit Margin -4960.00 10071.43 -188740.00 -29655.56 -753.79

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 2024-06-30 2024-03-31 2023-12-31 2023-06-30 2022-12-31 2021-12-31 2021-03-31 2020-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 6,724.00 11,965.00 3,241.00 3,154.00 3,925.00
   Current Assets 5,676.00 754.00 2,453.00 2,234.00 2,283.00
      Cash and Short-Term Investments 3,672.00 345.00 645.00 584.00 527.00
            Cash and Cash Equivalents 3,672.00 345.00 645.00 584.00 527.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 0 57.00 4.00 25.00 326.00
      Inventory 0 0 0 0 0
      Other Current Assets 2,004.00 352.00 1,804.00 1,625.00 1,430.00
   Non-Current Assets 1,048.00 11,211.00 788.00 920.00 1,642.00
      Property, Plant, Equipment Net 962.00 0 0 0 381.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 607.00 738.00 870.00 1,592.00
      Long-Term Investments 0 10,554.00 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 86.00 50.00 50.00 50.00 -331.00
Liabilities 6,216.00 6,607.00 20,556.00 15,029.00 9,321.00
   Current Liabilities 2,366.00 5,914.00 10,078.00 8,967.00 5,357.00
      Payables and Expenses 2,173.00 2,176.00 1,034.00 771.00 1,656.00
            Account Payables 744.00 1,413.00 568.00 193.00 761.00
            Current Accrued Liabilities 1,429.00 529.00 273.00 212.00 228.00
      Short-Term Debt 192.00 3,672.00 7,646.00 0 436.00
      Other Current Liabilities 1.00 66.00 1,398.00 8,196.00 3,265.00
   Non-Current Liabilities 3,850.00 693.00 10,478.00 6,062.00 3,964.00
      Long-Term Debt 268.00 693.00 10,478.00 0 0
      Other Non-Current Liabilities 3,582.00 0.00 0.00 0 0
Equity 508.00 5,358.00 -17,315.00 -11,875.00 -5,396.00
   Shareholders Equity 641.00 5,469.00 -17,212.00 -11,832.00 -5,116.00
      Capital Stock 1.00 0 4.00 4.00 4.00
      Share Premium 44,958.00 136,482.00 98,994.00 93,912.00 91,810.00
      Retained Earnings -44,318.00 -131,013.00 -116,210.00 -105,748.00 -97,073.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 143.00
   Minority Interest -133.00 -111.00 -103.00 -43.00 -280.00
Investments 0 10,554.00 0 0 0
Debt 268.00 4,365.00 18,124.00 0 436.00
Net Debt 0 4,020.00 17,479.00 0 0
Common Shares Outstanding 9,422.00 1,079.00 37,949.20 37,941.22 37,691.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 56.00 90.00 34.00 300.00 1,868.00
Cost Of Revenue 0 -12.00 13.00 175.00 158.00
Gross Profit 0 102.00 21.00 125.00 1,710.00
Operating Expenses 17,104.00 9,989.00 6,996.00 8,058.00 12,381.00
   Selling, General and Administrative Expenses 9,624.00 9,328.00 5,971.00 6,708.00 7,403.00
   Research and Development Expenses 14,742.00 734.00 1,025.00 1,456.00 4,978.00
   Other Operating Expenses -7,262.00 -73.00 0.00 -106.00 0.00
Operating Income -17,048.00 -9,887.00 -6,975.00 -7,933.00 -10,671.00
Net Non-Operating Income 5,907.00 24,687.00 17,475.00 -752.00 -11,581.00
Interest Expense 526.00 4,900.00 3,335.00 1,097.00 499.00
Net Interest 0 0 0 -1,097.00 -499.00
EBT -11,141.00 14,800.00 10,500.00 -8,685.00 -22,252.00
Income Tax 0.00 0.00 0.00 0.00 150.00
Net Income Including Non-Controlling Interests -11,207.00 -14,795.00 -21,044.00 -17,370.00 -10,754.00
Net Income Non-Controlling Interests 66.00 -8.00 10,582.00 8,695.00 -111.00
Net Income -11,141.00 -14,803.00 -10,462.00 -8,675.00 -10,865.00
EBIT -10,615.00 19,700.00 13,835.00 -7,588.00 -21,753.00
Deprecation and Amortization 194.00 131.00 132.00 131.00 1,258.00
EBITDA -10,421.00 19,831.00 13,967.00 -7,457.00 -20,495.00
EPS -0.00 -0.01 -0.00 0 0
Diluted EPS -0.00 -0.01 0 0 0
Average Shares Outstanding Basic 7,359.00 1.08 37,945.00 0 0
Average Shares Outstanding Diluted 7,359.00 1.08 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -17,137.00 -7,800.00 -5,939.00 -15,710.00 -7,817.00
   Operating Net Income -11,207.00 -14,803.00 0 0 -10,865.00
   Deprecation and Amortization 194.00 131.00 132.00 131.00 1,258.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 2,595.00 648.00 760.00 999.00 933.00
   Change in Working Capital -3,381.00 1,631.00 1,057.00 37.00 636.00
   Other Operating Activities -5,338.00 4,593.00 -7,888.00 -16,877.00 221.00
Investing Cash Flow -22.00 -10,000.00 0 666.00 -20.00
   Capital Expenditure -22.00 0.00 0.00 0.00 -20.00
   Net Purchase/Sale of PPE -22.00 0 0 0 -20.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 466.00 0
   Other Investing Activities 22.00 -10,000.00 0 200.00 20.00
Financing Cash Flow 13,212.00 17,500.00 6,000.00 6,996.00 5,961.00
   Net Issuance/Repayment of Debt 2,875.00 17,500.00 6,000.00 0 6,133.00
   Net Issuance/Repurchase of Equity 5,000.00 6,600.00 7,300.00 496.00 7,200.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 5,337.00 -6,600.00 -7,300.00 6,500.00 -7,372.00
Net Change in Cash -3,947.00 -300.00 61.00 57.00 -1,875.00
   Cash at Beginning of Period 7,619.00 695.00 634.00 577.00 2,452.00
   Cash at End of Period 3,672.00 395.00 695.00 634.00 577.00
Free Cash Flow -17,159.00 0 0 0 -7,837.00
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 2023-06-30 2022-12-31 2021-12-31 2021-03-31 2020-12-31
Assets 12,413.00 8,941.00 6,731.00 6,724.00 7,435.00 0 10,856.00 11,965.00 12,277.00 3,241.00 3,154.00 3,160.00 3,925.00
   Current Assets 11,497.00 7,991.00 5,754.00 5,676.00 5,423.00 0 8,937.00 754.00 1,350.00 2,453.00 2,234.00 2,142.00 2,283.00
      Cash and Short-Term Investments 10,341.00 6,041.00 4,267.00 3,672.00 3,185.00 0 8,706.00 345.00 261.00 645.00 584.00 809.00 527.00
            Cash and Cash Equivalents 8,620.00 6,041.00 4,267.00 3,672.00 3,185.00 0 8,706.00 345.00 261.00 645.00 584.00 809.00 527.00
            Short-Term Investments 1,721.00 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 0 0 0 0 14.00 51.00 65.00 57.00 6.00 4.00 25.00 48.00 326.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 0 0 1,487.00 2,004.00 2,224.00 0 166.00 352.00 1,083.00 1,804.00 1,625.00 1,285.00 1,430.00
   Non-Current Assets 916.00 950.00 977.00 1,048.00 2,012.00 0 1,919.00 11,211.00 10,927.00 788.00 920.00 1,018.00 1,642.00
      Property, Plant, Equipment Net 892.00 950.00 896.00 962.00 1,120.00 0 1,191.00 0 0 0 0 -381.00 381.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 509.00 541.00 574.00 607.00 673.00 738.00 870.00 968.00 1,592.00
      Long-Term Investments 0 0 0 0 0 0 0 10,554.00 10,204.00 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 0 0 81.00 86.00 383.00 0 154.00 50.00 50.00 50.00 50.00 431.00 -331.00
Liabilities 10,819.00 7,295.00 5,172.00 6,216.00 21,263.00 0 15,165.00 6,607.00 34,573.00 20,556.00 15,029.00 9,263.00 9,321.00
   Current Liabilities 8,789.00 3,561.00 2,352.00 2,366.00 13,514.00 0 14,059.00 5,914.00 24,505.00 10,078.00 8,967.00 3,929.00 5,357.00
      Payables and Expenses 3,255.00 2,487.00 2,167.00 2,173.00 2,047.00 0 4,013.00 2,176.00 961.00 1,034.00 771.00 1,198.00 1,656.00
            Account Payables 2,731.00 1,706.00 1,188.00 744.00 1,695.00 0 2,605.00 1,413.00 506.00 568.00 193.00 370.00 761.00
            Current Accrued Liabilities 524.00 781.00 979.00 1,429.00 352.00 0 1,297.00 529.00 256.00 273.00 212.00 212.00 228.00
      Short-Term Debt 2,888.00 0 185.00 192.00 10,462.00 10,656.00 9,977.00 3,672.00 22,943.00 7,646.00 0 0 436.00
      Other Current Liabilities 2,646.00 0 0.00 1.00 1,005.00 0 69.00 66.00 601.00 1,398.00 8,196.00 2,731.00 3,265.00
   Non-Current Liabilities 2,030.00 3,734.00 2,820.00 3,850.00 7,749.00 0 1,106.00 693.00 10,068.00 10,478.00 6,062.00 5,334.00 3,964.00
      Long-Term Debt 148.00 185.00 227.00 268.00 1,005.00 0 1,106.00 693.00 10,068.00 10,478.00 0 0 0
      Other Non-Current Liabilities 1,882.00 3,549.00 2,593.00 3,582.00 6,744.00 0 0.00 0.00 0.00 0.00 0 0 0
Equity 1,594.00 1,646.00 1,559.00 508.00 -13,828.00 0 -4,309.00 5,358.00 -22,296.00 -17,315.00 -11,875.00 -6,103.00 -5,396.00
   Shareholders Equity 1,760.00 1,802.00 1,701.00 641.00 -13,774.00 0 -4,309.00 5,469.00 -22,175.00 -17,212.00 -11,832.00 -6,062.00 -5,116.00
      Capital Stock 4,941.00 4,941.00 1.00 1.00 1.00 0 1.00 0 4.00 4.00 4.00 4.00 4.00
      Share Premium 56,987.00 52,440.00 50,831.00 44,958.00 8,000.00 0 1,125.00 136,482.00 99,977.00 98,994.00 93,912.00 93,095.00 91,810.00
      Retained Earnings -60,164.00 -55,579.00 -49,131.00 -44,318.00 -21,775.00 0 -5,435.00 -131,013.00 -122,156.00 -116,210.00 -105,748.00 -99,161.00 -97,073.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -4.00 0 0 0 0 0 0 0 0 0 0 0 143.00
   Minority Interest -166.00 -156.00 -142.00 -133.00 -54.00 0 0 -111.00 -121.00 -103.00 -43.00 -41.00 -280.00
Investments 0 0 0 0 0 0 0 10,554.00 10,204.00 0 0 0 0
Debt 3,036.00 185.00 227.00 268.00 11,467.00 0 11,083.00 4,365.00 33,011.00 18,124.00 0 0 436.00
Net Debt 0 0 0 0 7,970.00 5,074.00 2,377.00 4,020.00 32,750.00 17,479.00 0 0 0
Common Shares Outstanding 10,543.00 10,145.00 9,932.00 9,422.00 8,892.00 0 8,414.00 1,079.00 37,951.26 37,949.20 37,941.22 37,935.00 37,691.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-06-30 2021-03-31
Revenues 0 130.00 0 37.00 14.00 0 5.00 9.00 277.00
Cost Of Revenue 0 0 0 0 0 0 0 5.00 224.00
Interest Expense 6.00 9.00 0.00 411.00 16.00 0 99.00 792.00 243.00
Net Interest 0 0 0 0 0 0 0 0 -243.00
Non-Interest Expense 2,741.00 2,543.00 0 0 2,911.00 0 0 0 0
Gross Profit 0 0 0 0 0 0 0 4.00 53.00
Operating Expenses 6,392.00 5,695.00 5,858.00 9,452.00 5,326.00 0 2,326.00 1,890.00 2,240.00
   Selling, General and Administrative Expenses 2,741.00 2,543.00 2,907.00 5,493.00 2,911.00 0 1,220.00 1,730.00 2,022.00
   Research and Development Expenses 3,651.00 3,152.00 5,880.00 11,221.00 2,415.00 0 1,106.00 160.00 324.00
   Other Operating Expenses 0 -130.00 -2,929.00 -7,197.00 -14.00 -51.00 0.00 0.00 -106.00
Operating Income -6,392.00 -5,565.00 -5,858.00 -9,415.00 -5,312.00 0 -2,321.00 -1,886.00 -2,187.00
Net Non-Operating Income 35.00 68.00 -3,786.00 12,981.00 42.00 0 -7,116.00 -793.00 194.00
EBT -4,595.00 -6,462.00 -9,644.00 -3,087.00 1,383.00 0 -9,437.00 -2,679.00 -1,993.00
Income Tax 0 0 0.00 0.00 0 0 0.00 0.00 0.00
Net Income Including Non-Controlling Interests -4,595.00 -6,462.00 -4,822.00 -12,590.00 1,383.00 0 0 -2,659.00 -4,192.00
Net Income Non-Controlling Interests 10.00 14.00 9.00 39.00 27.00 0 0 -10.00 2,104.00
Net Income -4,686.00 -6,448.00 -4,813.00 -3,114.00 1,410.00 0 -9,437.00 -2,669.00 -2,088.00
EBIT -4,589.00 -6,453.00 -9,644.00 -2,676.00 1,399.00 0 -9,338.00 -1,887.00 -1,750.00
Deprecation and Amortization 16.00 16.00 17.00 113.00 56.00 0 25.00 0 33.00
EBITDA -4,573.00 -6,437.00 -9,627.00 -2,563.00 1,455.00 0 -9,313.00 0 -1,717.00
EPS -0.00 -0.00 -0.00 0.00 0.00 0.00 -0.00 -0.00 0
Diluted EPS -0.00 -0.00 -0.00 0.00 0.00 0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 10,339.00 10,004.00 9,756.00 9,281.00 8,851.00 8,514.00 2,790.00 37.95 0
Average Shares Outstanding Diluted 10,339.00 10,004.00 9,756.00 5,738.00 10,751.00 10,157.00 2,790.00 37.95 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2021-03-31
Operating Cash Flow -3,850.00 -3,750.00 -4,322.00 -2,962.00 -1,577.00 -5,260.00
   Operating Net Income -4,595.00 -6,462.00 -4,822.00 1,383.00 -9,437.00 0
   Deprecation and Amortization 16.00 16.00 17.00 56.00 25.00 33.00
   Deferred Income Tax 0 0 0 0 0 0
   Share Based Compensation 999.00 890.00 956.00 1,096.00 53.00 178.00
   Change in Working Capital 1,396.00 706.00 455.00 1,106.00 698.00 -178.00
   Other Operating Activities -1,666.00 1,100.00 -928.00 -6,603.00 7,084.00 -5,293.00
Investing Cash Flow -13.00 -46.00 0 -3.00 -14.00 416.00
   Capital Expenditure 0 0 0.00 0 -14.00 0.00
   Net Purchase/Sale of PPE -13.00 -46.00 0 -3.00 -14.00 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 466.00
   Other Investing Activities 0.00 0.00 0 0.00 14.00 -50.00
Financing Cash Flow 6,444.00 5,570.00 4,917.00 86.00 2,728.00 2,246.00
   Net Issuance/Repayment of Debt 4,913.00 0 0 0 2,387.00 250.00
   Net Issuance/Repurchase of Equity 1,523.00 0 4,917.00 0 4.00 496.00
   Dividends Paid 0 0 0 0 0 0
   Other Financing Activities 8.00 0 0.00 86.00 337.00 1,500.00
Net Change in Cash 2,579.00 1,774.00 595.00 -2,879.00 1,137.00 282.00
   Cash at Beginning of Period 6,041.00 4,267.00 3,672.00 6,114.00 7,619.00 577.00
   Cash at End of Period 8,620.00 6,041.00 4,267.00 3,235.00 8,756.00 859.00
Free Cash Flow -3,863.00 -3,796.00 0 -2,965.00 -1,591.00 0