SLN
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -6.95 | -11.82 | -9.78 | -13.32 |
| Price to Sales | 7.36 | 20.36 | 22.67 | 42.28 |
| Book Value Per Common Share | 0.95 | 0.19 | 0.25 | 0.13 |
| Price to Book | 7.27 | 93.84 | 61.54 | 186.35 |
| Price to Operating Cash Flow | -4.70 | -13.03 | -8.61 | 77.11 |
| Price to Free Cash Flow | -4.69 | -13.01 | -8.53 | 95.91 |
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Price to Earnings | -11.53 | -10.18 | -4.70 | -24.24 | -45.24 | |
| Price to Sales | 1526.47 | 1234.04 | 940.00 | 40.07 | 571.70 | |
| Book Value Per Common Share | 0.52 | 0.66 | -0.80 | 0.95 | 0.89 | |
| Price to Book | 9.93 | 8.73 | -3.54 | 7.27 | 20.36 | |
| Price to Operating Cash Flow | -22.51 | -12.58 | -10.82 | -39.20 | -33.41 | |
| Price to Free Cash Flow | -22.51 | -12.55 | -10.82 | -39.11 | -33.33 | |
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 36.71 | 46.12 | 29.24 | |
| EBITDA YoY | ||||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Earning YoY | ||||||
| Revenue YoY | -29.02 | 57.75 | -99.42 | 1524.02 | ||
| EBITDA YoY | ||||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 3.19 | 1.85 | 2.67 | 3.35 |
| Quick Ratio | 10.36 | 4.15 | 4.03 | 5.41 |
| Current Ratio | 11.14 | 4.62 | 4.41 | 5.69 |
| Debt to Equity | 0.51 | 4.43 | 3.87 | 10.28 |
| Long-Term Debt to Equity | 0.39 | 3.42 | 2.88 | 8.50 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Cash Per Common Share | 2.16 | 2.42 | 2.89 | 1.04 | 3.67 | |
| Quick Ratio | 7.16 | 9.09 | 7.96 | 10.36 | 8.61 | |
| Current Ratio | 7.69 | 10.06 | 8.81 | 11.14 | 9.31 | |
| Debt to Equity | 0.98 | 0.75 | -2.64 | 0.51 | 0.79 | |
| Long-Term Debt to Equity | 0.75 | 0.60 | -2.47 | 0.39 | 0.61 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -22.36 | -45.40 | -38.69 | -40.97 |
| ROE | -33.81 | -246.57 | -188.44 | -462.23 |
| Gross Margin | 72.70 | 59.34 | 37.83 | 39.94 |
| Operating Margin | -146.38 | -203.47 | -281.87 | -369.30 |
| EBITDA Margin | -145.00 | -201.50 | -279.12 | -365.86 |
| Net Profit Margin | -104.74 | -171.37 | -232.44 | -317.44 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| ROA | -14.28 | -16.55 | -15.40 | 6.99 | -15.68 | |
| ROE | -28.30 | -29.05 | 25.31 | 10.58 | -28.10 | |
| Gross Margin | 59.75 | 62.05 | 61.97 | 93.40 | -142.92 | |
| Operating Margin | -16505.66 | -10106.70 | -20006.34 | -27.39 | -2002.47 | |
| EBITDA Margin | -16407.55 | -10040.63 | -19909.15 | -26.90 | -1992.39 | |
| Net Profit Margin | -13181.13 | -12211.61 | -20091.55 | 58.26 | -2372.76 |
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 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Dividend Yield | ||||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 202,635.00 | 119,448.00 | 130,096.45 | 129,826.98 |
| Current Assets | 187,366.00 | 103,151.00 | 117,009.35 | 116,518.21 |
| Cash and Short-Term Investments | 147,334.00 | 68,789.00 | 86,098.44 | 99,248.25 |
| Cash and Cash Equivalents | 121,330.00 | 68,789.00 | 66,338.30 | 99,248.25 |
| Short-Term Investments | 26,004.00 | 0 | 19,760.14 | 0 |
| Net Receivables | 26,908.00 | 23,977.00 | 20,987.28 | 11,454.37 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 13,124.00 | 10,385.00 | 9,923.64 | 5,815.59 |
| Non-Current Assets | 15,269.00 | 16,297.00 | 13,087.10 | 13,308.77 |
| Property, Plant, Equipment Net | 2,331.00 | 2,670.00 | 2,663.65 | 2,623.69 |
| Goodwill | 9,392.00 | 9,981.00 | 9,692.49 | 10,246.44 |
| Intangible Assets | 312.00 | 362.00 | 387.26 | 32.39 |
| Long-Term Investments | 0 | 361.79 | 343.70 | 406.24 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 2,922.21 | 0.00 | 0.00 |
| Liabilities | 68,612.00 | 97,455.00 | 103,384.93 | 118,319.97 |
| Current Liabilities | 16,822.00 | 22,336.00 | 26,555.41 | 20,469.94 |
| Payables and Expenses | 12,954.00 | 12,403.00 | 15,288.45 | 14,553.14 |
| Account Payables | 3,697.00 | 3,348.00 | 3,855.70 | 5,486.27 |
| Current Accrued Liabilities | 8,361.00 | 7,847.00 | 10,154.78 | 8,387.99 |
| Short-Term Debt | 117.00 | 228.00 | 539.75 | 184.90 |
| Other Current Liabilities | 3,751.00 | 9,705.00 | 10,727.21 | 5,731.91 |
| Non-Current Liabilities | 51,790.00 | 75,119.00 | 76,829.52 | 97,850.03 |
| Long-Term Debt | 0 | 118.00 | 0 | 0 |
| Other Non-Current Liabilities | 51,790.00 | 75,001.00 | 76,829.52 | 0 |
| Equity | 134,023.00 | 21,993.00 | 26,711.52 | 11,507.00 |
| Shareholders Equity | 134,023.00 | 21,993.00 | 26,711.52 | 11,507.00 |
| Capital Stock | 10,288.00 | 8,847.00 | 6,522.98 | 6,058.52 |
| Share Premium | 609,560.00 | 455,765.00 | 280,601.71 | 255,791.29 |
| Retained Earnings | -474,044.00 | -431,894.00 | -318,600.77 | -300,923.15 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -11,781.00 | -10,725.00 | 29,447.79 | 32,106.51 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 117.00 | 346.00 | 539.75 | 184.90 |
| Common Shares Outstanding | 141,674.07 | 118,846.97 | 107,808.47 | 89,784.72 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 43,258.00 | 31,643.00 | 21,655.00 | 16,755.74 |
| Cost Of Revenue | 11,810.00 | 12,867.00 | 13,463.00 | 10,062.89 |
| Interest Income | 4,472.00 | 1,803.00 | 280.00 | 13.50 |
| Interest Expense | 0 | 43.31 | 56.88 | 10.80 |
| Non-Interest Expense | 26,884.00 | 26,222.00 | 25,682.00 | 27,003.54 |
| Gross Profit | 31,448.00 | 18,776.00 | 8,192.00 | 6,692.85 |
| Operating Expenses | 94,767.00 | 83,159.00 | 69,232.00 | 68,525.12 |
| Selling, General and Administrative Expenses | 26,884.00 | 26,222.00 | 25,682.00 | 27,003.54 |
| Research and Development Expenses | 67,883.00 | 56,937.00 | 43,550.00 | 41,521.58 |
| Other Operating Expenses | -13,737.00 | -11,949.00 | -9,820.00 | 0 |
| Operating Income | -63,319.00 | -64,383.00 | -61,040.00 | -61,832.27 |
| Net Non-Operating Income | 13,737.00 | 11,949.00 | 9,820.00 | 0 |
| EBT | -44,464.00 | -53,272.00 | -49,646.00 | -61,888.95 |
| Income Tax | 845.00 | 956.00 | 688.00 | -8,699.76 |
| Net Income Including Non-Controlling Interests | -45,309.00 | -54,228.00 | -50,334.00 | -53,189.19 |
| Net Income | -45,309.00 | -54,228.00 | -50,334.00 | -53,189.19 |
| EBIT | -63,319.00 | -64,383.00 | -61,040.00 | -61,878.15 |
| Deprecation and Amortization | 593.00 | 621.00 | 596.00 | 576.29 |
| EBITDA | -62,726.00 | -63,762.00 | -60,444.00 | -61,301.86 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 46,250.74 | 37,092.42 | 32,194.84 | 29,650.15 |
| Average Shares Outstanding Diluted | 46,250.74 | 37,092.42 | 32,194.84 | 29,650.15 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -67,640.00 | -49,462.00 | -57,044.00 | 9,185.63 |
| Operating Net Income | -45,309.00 | -54,228.00 | -50,334.00 | -61,888.95 |
| Deprecation and Amortization | 593.00 | 621.00 | 596.00 | 576.29 |
| Deferred Income Tax | 845.00 | 956.00 | 688.00 | 5,953.25 |
| Share Based Compensation | 16,307.00 | 16,274.00 | 12,686.00 | 11,650.07 |
| Change in Working Capital | -33,023.00 | -15,244.00 | -19,397.00 | 52,426.65 |
| Other Operating Activities | -7,053.00 | 2,159.00 | -1,283.00 | 468.32 |
| Investing Cash Flow | -21,966.00 | 19,294.00 | -20,498.00 | 11,709.45 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -211.00 | -56.00 | -173.00 | -1,769.37 |
| Net Purchase/Sale of Investments Net | -21,755.00 | 19,350.00 | -19,953.00 | 13,496.37 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.00 | 0.00 | -372.00 | -17.55 |
| Financing Cash Flow | 142,087.00 | 31,937.00 | 52,581.00 | 41,448.70 |
| Net Issuance/Repayment of Debt | 0 | -221.66 | -229.94 | -284.77 |
| Net Issuance/Repurchase of Equity | 142,087.00 | 31,937.00 | 52,581.00 | 41,733.47 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 221.66 | 229.94 | 0.00 |
| Net Change in Cash | 52,481.00 | 1,769.00 | -24,961.00 | 62,343.78 |
| Cash at Beginning of Period | 68,789.00 | 66,271.00 | 99,351.00 | 37,046.18 |
| Cash at End of Period | 121,330.00 | 68,789.00 | 66,271.00 | 99,248.25 |
| Free Cash Flow | -67,851.00 | -49,518.00 | -57,589.00 | 7,385.21 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Assets | 146,790.00 | 165,233.00 | 185,298.00 | 202,635.00 | 226,669.08 | 0 |
| Current Assets | 133,632.00 | 148,553.00 | 169,790.00 | 187,366.00 | 210,783.25 | 0 |
| Cash and Short-Term Investments | 102,192.00 | 114,155.00 | 136,534.00 | 147,334.00 | 172,614.99 | 0 |
| Cash and Cash Equivalents | 82,031.00 | 41,739.00 | 64,886.00 | 121,330.00 | 82,905.78 | 0 |
| Short-Term Investments | 20,161.00 | 72,416.00 | 71,648.00 | 26,004.00 | 89,709.21 | 0 |
| Net Receivables | 22,180.00 | 20,042.00 | 16,837.00 | 26,908.00 | 22,159.33 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 9,260.00 | 14,356.00 | 16,419.00 | 13,124.00 | 16,008.94 | 0 |
| Non-Current Assets | 13,158.00 | 16,680.00 | 15,508.00 | 15,269.00 | 15,885.82 | 0 |
| Property, Plant, Equipment Net | 1,847.00 | 1,833.00 | 1,800.00 | 2,331.00 | 2,204.02 | 0 |
| Goodwill | 10,612.00 | 10,617.00 | 9,784.00 | 9,392.00 | 10,087.38 | 0 |
| Intangible Assets | 300.00 | 317.00 | 310.00 | 312.00 | 345.26 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 380.05 | 359.20 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 2,869.11 | 0 |
| Liabilities | 72,727.00 | 71,078.00 | 298,041.00 | 68,612.00 | 100,188.69 | 0 |
| Current Liabilities | 17,379.00 | 14,768.00 | 19,264.00 | 16,822.00 | 22,633.05 | 0 |
| Payables and Expenses | 16,993.00 | 14,311.00 | 18,812.00 | 12,954.00 | 19,097.51 | 0 |
| Account Payables | 16,993.00 | 14,311.00 | 18,812.00 | 3,697.00 | 19,097.51 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 8,361.00 | 0 | 0 |
| Short-Term Debt | 85.00 | 0 | 60.00 | 117.00 | 186.01 | 232.72 |
| Other Current Liabilities | 301.00 | 0 | 392.00 | 3,751.00 | 3,349.53 | 0 |
| Non-Current Liabilities | 55,348.00 | 56,310.00 | 278,777.00 | 51,790.00 | 77,555.64 | 0 |
| Long-Term Debt | 97.00 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 55,251.00 | 0 | 0 | 51,790.00 | 77,555.64 | 0 |
| Equity | 74,063.00 | 94,155.00 | -112,743.00 | 134,023.00 | 126,480.39 | 0 |
| Shareholders Equity | 74,063.00 | 94,155.00 | -112,743.00 | 134,023.00 | 126,480.39 | 0 |
| Capital Stock | 10,290.00 | 10,290.00 | -10,289.00 | 10,288.00 | 9,477.16 | 0 |
| Share Premium | 617,648.00 | 615,113.00 | -613,074.00 | 609,560.00 | 492,492.67 | 0 |
| Retained Earnings | -550,802.00 | -529,844.00 | 502,536.00 | -474,044.00 | -463,885.88 | 0 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -3,073.00 | -1,404.00 | 8,084.00 | -11,781.00 | 32,066.05 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 182.00 | 0 | 60.00 | 117.00 | 186.01 | 0 |
| Common Shares Outstanding | 141,701.85 | 141,701.85 | 141,690.85 | 141,674.07 | 141,644.49 | 0 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Revenues | 159.00 | 224.00 | 142.00 | 24,327.76 | 1,498.00 | 0 |
| Cost Of Revenue | 64.00 | 85.00 | 54.00 | 1,606.19 | 3,639.00 | 0 |
| Interest Income | 0 | 0 | 0 | 886.95 | 1,312.78 | 1,347.01 |
| Interest Expense | 0 | 0 | 0 | 0 | 11,511.23 | 231.46 |
| Non-Interest Expense | 5,795.00 | 5,131.00 | 7,684.00 | 5,395.11 | 7,697.00 | 0 |
| Gross Profit | 95.00 | 139.00 | 88.00 | 22,721.57 | -2,141.00 | 0 |
| Operating Expenses | 26,339.00 | 22,778.00 | 28,497.00 | 25,799.96 | 27,856.00 | 0 |
| Selling, General and Administrative Expenses | 5,795.00 | 5,131.00 | 7,684.00 | 5,395.11 | 7,697.00 | 0 |
| Research and Development Expenses | 20,544.00 | 17,647.00 | 20,813.00 | 20,404.85 | 20,159.00 | 0 |
| Operating Income | -26,244.00 | -22,639.00 | -28,409.00 | -3,078.39 | -29,997.00 | 0 |
| Net Non-Operating Income | 3,353.00 | 3,232.00 | 3,648.00 | 0 | 5,898.00 | 4,083.00 |
| EBT | -20,957.00 | -27,344.00 | -28,530.00 | 23,736.25 | -35,495.00 | 0 |
| Income Tax | 1.00 | 10.00 | 0 | 9,562.06 | 49.00 | 0 |
| Net Income Including Non-Controlling Interests | -20,958.00 | -27,354.00 | -28,530.00 | 14,174.19 | -35,544.00 | 0 |
| Net Income | -20,958.00 | -27,354.00 | -28,530.00 | 14,174.19 | -35,544.00 | 0 |
| EBIT | -26,244.00 | -22,639.00 | -28,409.00 | -6,663.44 | -29,997.00 | 0 |
| Deprecation and Amortization | 156.00 | 148.00 | 138.00 | 119.28 | 151.00 | 0 |
| EBITDA | -26,088.00 | -22,491.00 | -28,271.00 | -6,544.16 | -29,846.00 | 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 | 47,233.95 | 47,232.02 | 47,226.25 | 0 | 47,066.05 | 46,736.31 |
| Average Shares Outstanding Diluted | 47,233.95 | 47,232.02 | 47,226.25 | 0 | 47,066.05 | 46,736.31 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -10,891.00 | -21,784.00 | -12,309.00 | -24,864.30 | -25,607.00 |
| Operating Net Income | -20,958.00 | -27,354.00 | -28,530.00 | 22,891.25 | -35,544.00 |
| Deprecation and Amortization | 156.00 | 148.00 | 138.00 | 119.28 | 151.00 |
| Deferred Income Tax | 1.00 | 10.00 | 0 | 0 | 49.00 |
| Share Based Compensation | 2,535.00 | 2,085.00 | 3,540.00 | 3,422.77 | 4,067.00 |
| Change in Working Capital | 5,212.00 | -4,502.00 | 10,492.00 | -26,323.95 | -4,647.00 |
| Other Operating Activities | 2,163.00 | 7,829.00 | 2,051.00 | 0 | 10,317.00 |
| Investing Cash Flow | 51,289.00 | -1,562.00 | -44,381.00 | 68,128.61 | -38,140.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -3.00 | -48.00 | -4.00 | -55.77 | -64.00 |
| Net Purchase/Sale of Investments Net | 0 | -1,514.00 | -44,377.00 | 70,168.94 | -42,057.94 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0.00 | 0.00 | -1,984.56 | 3,981.94 |
| Financing Cash Flow | 0 | 1.00 | 14.00 | -8,299.07 | 7,972.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | -72.69 |
| Net Issuance/Repurchase of Equity | 0 | 1.00 | 14.00 | -17,683.90 | 7,972.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 0 | 72.69 |
| Net Change in Cash | 40,398.00 | -23,345.00 | -56,676.00 | 34,965.24 | -55,775.00 |
| Cash at Beginning of Period | 41,739.00 | 64,886.00 | 121,330.00 | 82,905.78 | 138,450.00 |
| Cash at End of Period | 82,031.00 | 41,739.00 | 64,886.00 | 121,330.00 | 82,943.00 |
| Free Cash Flow | -10,894.00 | -21,832.00 | -12,313.00 | -24,920.06 | -25,671.00 |