Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -10.26 -17.06 -0.69
Price to Sales
Book Value Per Common Share 5.36 4.97 1.27 0.22 0.57
Price to Book 8.38 8.10 1.56 27.60 50.60
Price to Operating Cash Flow -26.14 -26.62 -0.80 -17.69 -91.38
Price to Free Cash Flow -26.05 -0.80 -17.67 -91.35
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 2022-09-30 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Price to Earnings 137.96 -930.89 -75.21 -27.59 -72.54 -2.43 -2.20
Price to Sales 54.60 129.51
Book Value Per Common Share 9.21 4.76 4.79 5.36 6.45 4.30 4.97 0.32 1.27 1.86 0.22 0.22 0.47 0.57
Price to Book 7.34 17.60 14.93 8.38 7.83 9.95 8.10 6.62 1.56 0.90 15.18 27.60 40.11 50.60
Price to Operating Cash Flow -100.75 -141.67 -123.70 -3.00 -63.11 -201.28
Price to Free Cash Flow -100.72 -139.86 -123.59 -201.06
Enterprise Value to EBITDA 1300958.18

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY
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 2022-09-30 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Earning YoY
Revenue YoY 102.16
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 7.25 10.29 1.74 0.27 0.62
Quick Ratio
Current Ratio 15.68 14.89 2.14 2.80 5.83
Debt to Equity 0.35 0.15 1.56 1.00 0.43
Long-Term Debt to Equity 0.27 0.07 0.85 0.55 0.24
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 2022-09-30 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Cash Per Common Share 9.36 5.68 6.28 6.38 6.13 4.13 5.36 0.83 1.79 2.44 0.24 0.27 0.52 0.62
Quick Ratio 15.77 14.87
Current Ratio 16.08 15.13 19.64 15.68 17.26 11.23 14.89 1.18 2.14 2.80 4.10 2.80 4.47 5.83
Debt to Equity 0.21 0.38 0.37 0.35 0.12 0.18 0.15 6.40 1.56 1.10 0.61 1.00 0.51 0.43
Long-Term Debt to Equity 0.15 0.30 0.30 0.27 0.06 0.08 0.07 3.46 0.85 0.62 0.33 0.55 0.26 0.24

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -53.13 -21.58 -90.83 -86.94 -37.92
ROE -71.74 -24.75 -232.58 -173.72 -54.10
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin
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 2022-09-30 2022-03-31 2021-12-31 2021-03-31 2020-12-31
ROA 4.34 -1.42 -13.76 -25.82 -12.67 -42.77 -19.18 -13.45 -15.79
ROE 5.26 -1.96 -18.85 -28.94 -14.92 -316.64 -40.34 -21.63 -23.83
Gross Margin 98.27 97.87
Operating Margin 41.51 -10.20
EBITDA Margin 42.27 -8.67
Net Profit Margin 39.40 -14.42

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 2022-09-30 2022-03-31 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 330,972.00 180,691.00 26,497.00 35,553.00 64,982.00
   Current Assets 293,889.00 171,358.00 15,647.00 22,422.00 50,243.00
      Cash and Short-Term Investments 291,437.00 169,681.00 14,602.00 21,304.00 49,224.00
            Cash and Cash Equivalents 87,928.00 169,681.00 14,602.00 21,304.00 49,224.00
            Short-Term Investments 203,509.00 0 0 0 0
      Net Receivables 0 0 0 0 0
      Inventory 0 0 0 0 0
      Other Current Assets 2,452.00 1,677.00 1,045.00 1,118.00 1,019.00
   Non-Current Assets 37,083.00 9,333.00 10,850.00 13,131.00 14,739.00
      Property, Plant, Equipment Net 2,984.00 419.00 157.00 454.00 143.00
      Goodwill 0 0 0 0 0
      Intangible Assets 6,805.00 8,749.00 10,693.00 12,637.00 14,581.00
      Long-Term Investments 27,211.00 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 83.00 165.00 0.00 40.00 15.00
Liabilities 85,859.00 23,184.00 16,149.00 17,760.00 19,435.00
   Current Liabilities 18,747.00 11,505.00 7,313.00 8,007.00 8,618.00
      Payables and Expenses 13,658.00 6,284.00 3,452.00 3,982.00 4,494.00
            Account Payables 8,882.00 3,149.00 1,777.00 3,254.00 3,489.00
            Current Accrued Liabilities 4,776.00 3,135.00 1,675.00 728.00 1,005.00
      Short-Term Debt 526.00 273.00 155.00 282.00 139.00
      Other Current Liabilities 4,563.00 4,948.00 3,706.00 3,743.00 3,985.00
   Non-Current Liabilities 67,112.00 11,679.00 8,836.00 9,753.00 10,817.00
      Long-Term Debt 52,300.00 130.00 0 175.00 0
      Other Non-Current Liabilities 14,812.00 11,549.00 0 9,578.00 0
Equity 245,113.00 157,507.00 10,348.00 17,793.00 45,547.00
   Shareholders Equity 245,113.00 157,507.00 10,348.00 17,793.00 45,547.00
      Capital Stock 46.00 32.00 8.00 80.00 80.00
      Share Premium 696,966.00 433,885.00 247,762.00 231,068.00 227,912.00
      Retained Earnings -452,260.00 -276,410.00 -237,422.00 -213,355.00 -182,445.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 361.00 0 0 0 0
   Minority Interest 0 0 0 0 0
Investments 230,720.00 0 0 0 0
Debt 52,826.00 403.00 155.00 457.00 139.00
Common Shares Outstanding 45,703.81 31,678.16 8,159.38 79,864.31 79,615.69
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Expenses 187,671.00 41,384.00 24,397.00 31,528.00 36,289.00
   Selling, General and Administrative Expenses 105,861.00 13,481.00 9,844.00 10,806.00 8,758.00
   Research and Development Expenses 78,568.00 25,189.00 15,265.00 21,453.00 23,191.00
   Other Operating Expenses 3,242.00 2,714.00 -712.00 -731.00 4,340.00
Operating Income -187,671.00 -41,384.00 -24,397.00 -31,528.00 -36,289.00
Net Non-Operating Income 11,821.00 2,396.00 330.00 618.00 11,650.00
Interest Income 12,283.00 0 0 0 0
Interest Expense 231.00 0.00 0.00 0.00 0.00
Net Interest 12,052.00 0 0 0 0
EBT -175,850.00 -38,988.00 -24,067.00 -30,910.00 -24,639.00
Income Tax 0.00 0.00 0.00 0.00 0.00
Net Income -175,850.00 -38,988.00 -24,067.00 -30,910.00 -24,639.00
EBIT -175,619.00 -38,988.00 -24,067.00 -30,910.00 -24,639.00
Deprecation and Amortization 2,908.00 1,958.00 1,964.00 1,963.00 1,954.00
EBITDA -172,711.00 -37,030.00 -22,103.00 -28,947.00 -22,685.00
EPS -0.00 -0.00 -0.00 0 0
Diluted EPS -0.00 -0.00 -0.00 0 0
Average Shares Outstanding Basic 40,175.93 16,492.13 8,397.09 0 0
Average Shares Outstanding Diluted 40,175.93 16,492.13 8,397.09 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -69,096.00 -24,940.00 -20,781.00 -27,770.00 -25,224.00
   Operating Net Income -175,850.00 -38,988.00 -24,067.00 -30,910.00 -24,639.00
   Deprecation and Amortization -2,908.00 1,958.00 1,964.00 1,963.00 1,954.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 99,958.00 5,945.00 2,530.00 3,276.00 1,500.00
   Change in Working Capital 7,768.00 3,066.00 -256.00 -516.00 1,490.00
   Other Operating Activities 1,936.00 3,079.00 -952.00 -1,583.00 -5,529.00
Investing Cash Flow -225,682.00 0 -13.00 -22.00 -7.00
   Capital Expenditure -218.00 0.00 -13.00 -22.00 -7.00
   Net Purchase/Sale of PPE -218.00 0 -13.00 -22.00 -7.00
   Net Purchase/Sale of Investments Net -225,464.00 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 218.00 0 13.00 22.00 7.00
Financing Cash Flow 213,025.00 180,019.00 14,092.00 -128.00 53,722.00
   Net Issuance/Repayment of Debt 49,888.00 0 0 -8.00 -17.00
   Net Issuance/Repurchase of Equity 150,271.00 347.00 0 0 17.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 12,866.00 179,672.00 14,092.00 -120.00 53,722.00
Net Change in Cash -81,753.00 155,079.00 -6,702.00 -27,920.00 28,491.00
   Cash at Beginning of Period 169,681.00 14,602.00 21,304.00 49,224.00 20,733.00
   Cash at End of Period 87,928.00 169,681.00 14,602.00 21,304.00 49,224.00
Free Cash Flow -69,314.00 0 -20,794.00 -27,792.00 -25,231.00
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 2022-09-30 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Assets 599,895.00 332,306.00 318,092.00 330,972.00 296,706.00 168,837.00 180,691.00 19,535.00 26,497.00 31,979.00 42,546.00 35,553.00 56,706.00 64,982.00
   Current Assets 534,853.00 316,789.00 308,915.00 293,889.00 258,199.00 151,223.00 171,358.00 9,127.00 15,647.00 20,572.00 29,978.00 22,422.00 42,528.00 50,243.00
      Cash and Short-Term Investments 498,934.00 286,841.00 289,950.00 291,437.00 256,776.00 149,627.00 169,681.00 7,874.00 14,602.00 19,751.00 28,974.00 21,304.00 41,607.00 49,224.00
            Cash and Cash Equivalents 246,662.00 76,497.00 81,331.00 87,928.00 48,413.00 42,847.00 169,681.00 7,874.00 14,602.00 19,751.00 28,974.00 21,304.00 41,607.00 49,224.00
            Short-Term Investments 252,272.00 210,344.00 208,619.00 203,509.00 208,363.00 106,780.00 0 0 0 0 0 0 0 0
      Net Receivables 25,506.00 24,624.00 0 0 0 0 0 0 0 0 0 0 0 0
      Inventory 6,674.00 2,355.00 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 3,739.00 2,969.00 18,965.00 2,452.00 0 1,596.00 1,677.00 1,253.00 1,045.00 821.00 1,004.00 1,118.00 921.00 1,019.00
   Non-Current Assets 65,042.00 15,517.00 9,177.00 37,083.00 38,507.00 17,614.00 9,333.00 10,408.00 10,850.00 11,407.00 12,568.00 13,131.00 14,178.00 14,739.00
      Property, Plant, Equipment Net 2,464.00 2,600.00 2,776.00 2,984.00 3,188.00 365.00 419.00 75.00 157.00 229.00 377.00 454.00 70.00 143.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 5,347.00 5,832.00 6,318.00 6,805.00 0 8,263.00 8,749.00 10,207.00 10,693.00 11,178.00 12,151.00 12,637.00 14,095.00 14,581.00
      Long-Term Investments 57,148.00 7,002.00 0 27,211.00 27,945.00 8,821.00 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 83.00 83.00 83.00 83.00 0 165.00 165.00 126.00 0.00 0.00 40.00 40.00 13.00 15.00
Liabilities 105,090.00 92,166.00 85,831.00 85,859.00 32,007.00 25,451.00 23,184.00 16,896.00 16,149.00 16,779.00 16,085.00 17,760.00 19,138.00 19,435.00
   Current Liabilities 33,253.00 20,943.00 15,731.00 18,747.00 14,962.00 13,464.00 11,505.00 7,761.00 7,313.00 7,342.00 7,313.00 8,007.00 9,509.00 8,618.00
      Payables and Expenses 15,393.00 12,892.00 10,183.00 13,658.00 8,005.00 9,248.00 6,284.00 3,499.00 3,452.00 3,606.00 3,009.00 3,982.00 5,080.00 4,494.00
            Account Payables 8,145.00 6,625.00 5,906.00 8,882.00 6,243.00 8,022.00 3,149.00 2,778.00 1,777.00 2,324.00 2,411.00 3,254.00 4,669.00 3,489.00
            Current Accrued Liabilities 7,248.00 6,267.00 4,277.00 4,776.00 1,762.00 1,226.00 3,135.00 721.00 1,675.00 1,282.00 598.00 728.00 411.00 1,005.00
      Short-Term Debt 697.00 676.00 597.00 526.00 448.00 310.00 273.00 39.00 155.00 239.00 344.00 282.00 57.00 139.00
      Other Current Liabilities 17,163.00 7,375.00 4,951.00 4,563.00 6,509.00 3,906.00 4,948.00 4,223.00 3,706.00 3,497.00 3,960.00 3,743.00 4,372.00 3,985.00
   Non-Current Liabilities 71,837.00 71,223.00 70,100.00 67,112.00 17,045.00 11,987.00 11,679.00 9,135.00 8,836.00 9,437.00 8,772.00 9,753.00 9,629.00 10,817.00
      Long-Term Debt 51,966.00 52,093.00 52,197.00 52,300.00 2,581.00 37.00 130.00 0 0 0 79.00 175.00 0 0
      Other Non-Current Liabilities 19,871.00 19,130.00 17,903.00 14,812.00 14,464.00 11,950.00 11,549.00 0 0 0 8,693.00 9,578.00 0 0
Equity 494,805.00 240,140.00 232,261.00 245,113.00 264,699.00 143,386.00 157,507.00 2,639.00 10,348.00 15,200.00 26,461.00 17,793.00 37,568.00 45,547.00
   Shareholders Equity 494,805.00 240,140.00 232,261.00 245,113.00 264,699.00 143,386.00 157,507.00 2,639.00 10,348.00 15,200.00 26,461.00 17,793.00 37,568.00 45,547.00
      Capital Stock 54.00 50.00 49.00 46.00 41.00 33.00 32.00 8.00 8.00 8.00 120.00 80.00 80.00 80.00
      Share Premium 969,119.00 740,746.00 728,019.00 696,966.00 660,041.00 441,267.00 433,885.00 248,393.00 247,762.00 247,130.00 245,422.00 231,068.00 228,887.00 227,912.00
      Retained Earnings -474,728.00 -500,741.00 -496,033.00 -452,260.00 -396,278.00 -297,808.00 -276,410.00 -245,778.00 -237,422.00 -231,936.00 -219,079.00 -213,355.00 -191,399.00 -182,445.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 360.00 85.00 226.00 361.00 895.00 -106.00 0 16.00 0 -2.00 -2.00 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 309,420.00 217,346.00 208,619.00 230,720.00 0 115,601.00 0 0 0 0 0 0 0 0
Debt 52,663.00 52,769.00 52,794.00 52,826.00 3,029.00 347.00 403.00 39.00 155.00 239.00 423.00 457.00 57.00 139.00
Common Shares Outstanding 53,703.68 50,437.07 48,527.47 45,703.81 41,041.22 33,337.08 31,678.16 8,168.79 8,159.38 8,159.38 120,088.82 79,864.31 79,723.68 79,615.69
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-09-30 2022-03-31 2021-03-31
Revenues 66,018.00 32,657.00 0 0 0 0 0 0 0
Cost Of Revenue 1,141.00 696.00 0 0 0 0 0 0 0
Interest Income 6,688.00 4,569.00 4,692.00 3,596.00 0 0 0 0 0
Interest Expense 1,390.00 1,376.00 1,361.00 0 0.00 0.00 0.00 0.00 0.00
Net Interest 5,298.00 3,193.00 3,331.00 0 2,077.00 0 0 0 0
Non-Interest Expense 0 0 0 49,197.00 0 0 0 0 0
Gross Profit 64,877.00 31,961.00 0 0 0 0 0 0 0
Operating Expenses 42,772.00 38,486.00 45,743.00 79,335.00 23,475.00 8,469.00 6,235.00 5,773.00 9,156.00
   Selling, General and Administrative Expenses 33,753.00 28,238.00 29,259.00 49,197.00 8,472.00 2,854.00 2,332.00 2,643.00 2,979.00
   Research and Development Expenses 8,405.00 9,147.00 13,517.00 30,138.00 14,602.00 5,316.00 3,771.00 3,988.00 7,164.00
   Other Operating Expenses 614.00 1,101.00 2,967.00 0 401.00 299.00 132.00 -858.00 -987.00
Operating Income 22,105.00 -6,525.00 -45,743.00 -79,335.00 -23,475.00 -8,469.00 -6,235.00 -5,773.00 -9,156.00
Net Non-Operating Income 3,908.00 1,817.00 1,970.00 0 2,077.00 113.00 103.00 49.00 202.00
EBT 26,013.00 -4,708.00 -43,773.00 -76,616.00 -21,398.00 -8,356.00 -6,132.00 -5,724.00 -8,954.00
Income Tax 0.00 0.00 0.00 0 0.00 0.00 0.00 0.00 0.00
Net Income Including Non-Controlling Interests 0 0 0 -76,616.00 0 0 0 0 0
Net Income 26,013.00 -4,708.00 -43,773.00 -76,616.00 -21,398.00 -8,356.00 -6,132.00 -5,724.00 -8,954.00
EBIT 27,403.00 -3,332.00 -42,412.00 -76,616.00 -21,398.00 -8,356.00 -6,132.00 -5,724.00 -8,954.00
Deprecation and Amortization 502.00 502.00 476.00 500.00 17.00 490.00 0.00 492.00 489.00
EBITDA 27,905.00 -2,830.00 -41,936.00 -76,116.00 -21,381.00 -7,866.00 0 -5,232.00 -8,465.00
EPS 0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0 0
Diluted EPS 0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0 0
Average Shares Outstanding Basic 53,328.09 50,483.28 46,178.79 41,879.03 36,208.37 9,447.35 8,093.03 0 0
Average Shares Outstanding Diluted 54,921.92 50,483.28 46,178.79 41,879.03 36,208.37 9,447.35 8,093.03 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-09-30 2022-03-31 2021-03-31
Operating Cash Flow 0 0 -32,752.00 -14,926.00 -12,528.00 -6,728.00 0.00 -6,362.00 -7,488.00
   Operating Net Income 0 0 -43,773.00 -76,616.00 -21,398.00 -8,356.00 0.00 -5,724.00 -8,954.00
   Deprecation and Amortization 502.00 502.00 -476.00 500.00 17.00 490.00 0.00 492.00 489.00
   Deferred Income Tax 0 0 0 0 0 0 0.00 0 0
   Share Based Compensation 9,998.00 9,698.00 14,679.00 56,598.00 6,445.00 631.00 0.00 644.00 1,095.00
   Change in Working Capital 0 0 -6,314.00 5,514.00 2,993.00 -79.00 0.00 -1,025.00 725.00
   Other Operating Activities 0 0 3,132.00 -922.00 -585.00 586.00 0.00 -749.00 -843.00
Investing Cash Flow 0 0 22,937.00 4,040.00 -115,244.00 0 0.00 0 -4.00
   Capital Expenditure 0.00 0.00 -5.00 0 -11.00 0.00 0.00 0.00 -4.00
   Net Purchase/Sale of PPE 0 0 -5.00 -191.00 -11.00 0 0.00 0 -4.00
   Net Purchase/Sale of Investments Net 0 0 22,942.00 4,231.00 -115,233.00 0 0.00 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0.00 0 0
   Net Loan & Lease Activity 0 0 0 0 0
   Other Investing Activities 0 0 5.00 0.00 11.00 0 0.00 0 4.00
Financing Cash Flow 0 0 3,218.00 2,275.00 938.00 0 0.00 14,032.00 -125.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0.00 0 -5.00
   Net Issuance/Repurchase of Equity 0 0 3,280.00 -637.00 938.00 0 0.00 0 0
   Dividends Paid 0 0 0 0 0 0 0.00 0 0
   Other Financing Activities 0 0 -62.00 2,912.00 0.00 0 0.00 14,032.00 -120.00
Net Change in Cash 0 0 -6,597.00 -8,611.00 -126,834.00 -6,728.00 0.00 7,670.00 -7,617.00
   Cash at Beginning of Period 0 0 87,928.00 57,024.00 169,681.00 14,602.00 0 21,304.00 49,224.00
   Cash at End of Period 246,662.00 76,497.00 81,331.00 48,413.00 42,847.00 7,874.00 19,751.00 28,974.00 41,607.00
Free Cash Flow 0 0 -32,757.00 -15,117.00 -12,539.00 0 0.00 0 -7,492.00