Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -57.56 -2.64 -10.37 -2.80 -6.18
Price to Sales 1180.56 137.24 379.03
Book Value Per Common Share 0.53 0.11 0.60 0.85 1.88
Price to Book 33.86 23.58 7.08 3.17 2.50
Price to Operating Cash Flow -90.22 -21.07 -19.76 -3.42 -6.79
Price to Free Cash Flow
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 2023-09-30 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -17.81 -25.04 -214.33 -99.55 -52.00 -69.00 -1.91
Price to Sales
Book Value Per Common Share 0.26 0.35 0.46 0.53 0.59 0.27 0.06 0.11 0.14 0.60 0.85 1.88
Price to Book 79.98 60.92 41.55 33.86 36.86 28.96 65.71 23.58 13.13 7.08 3.17 2.50
Price to Operating Cash Flow -69.31 -123.15 -232.69 -166.92 -87.05 -96.50 -19.34
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY -61.03 110.35
EBITDA YoY
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 2023-09-30 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY
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 0.57 0.30 3.35 0.78 0.96
Quick Ratio 16.73 2.86 3.36
Current Ratio 10.15 9.30 16.93 3.80 4.41
Debt to Equity 0.12 1.61 4.24 0.36 0.29
Long-Term Debt to Equity 0.01 1.35 3.94 0.05 0.04
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 2023-09-30 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.32 0.40 0.49 0.56 0.68 0.46 0.22 0.27 0.34 3.07 0.73 0.80
Quick Ratio 16.73 2.86 3.36
Current Ratio 3.80 5.13 10.63 10.15 8.31 2.35 6.97 9.30 1.80 16.93 3.80 4.41
Debt to Equity 0.36 0.25 0.11 0.12 0.15 0.75 3.00 1.61 1.20 4.24 0.36 0.29
Long-Term Debt to Equity 0.02 0.02 0.01 0.01 0.01 0.03 2.47 1.35 0.05 3.94 0.05 0.04

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -50.81 -303.00 -11.86 -78.15 -51.41
ROE -56.93 -791.49 -62.20 -106.39 -66.32
Gross Margin
Operating Margin -10550.50 -4882.31 -6122.67
EBITDA Margin -10193.90 -4746.60 -5889.77
Net Profit Margin -11174.75 -4897.84 -6127.56
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 2023-09-30 2022-12-31 2021-12-31 2020-12-31
ROA -328.74 -194.00 -16.39 -31.84 -30.38 -24.59 -264.73
ROE -447.52 -242.30 -18.27 -36.56 -53.24 -98.33 -581.98
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

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 2023-09-30 2022-12-31 2021-12-31 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 435,560.00 202,949.00 664,168.00 113,374.00 102,498.00
   Current Assets 423,750.00 189,712.00 656,712.00 97,312.00 87,674.00
      Cash and Short-Term Investments 412,999.00 186,242.00 648,607.00 71,791.00 66,417.00
            Cash and Cash Equivalents 105,512.00 71,425.00 648,607.00 71,791.00 66,417.00
            Short-Term Investments 307,487.00 114,817.00 0 0 0
      Net Receivables 0 0 349.00 1,560.00 331.00
      Inventory 0 0 0 0 0
      Other Current Assets 10,751.00 3,470.00 7,756.00 23,961.00 20,926.00
   Non-Current Assets 11,810.00 13,237.00 7,456.00 16,062.00 14,824.00
      Property, Plant, Equipment Net 7,398.00 6,063.00 5,081.00 3,484.00 1,279.00
      Goodwill 1,864.00 1,893.00 1,798.00 2,009.00 2,030.00
      Intangible Assets 0 14,582.00 0 10,399.00 11,515.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 2,548.00 -9,301.00 577.00 170.00 0.00
Liabilities 46,812.00 125,257.00 537,514.00 30,090.00 23,045.00
   Current Liabilities 41,729.00 20,405.00 38,782.00 25,623.00 19,890.00
      Payables and Expenses 40,123.00 20,498.00 16,660.00 15,696.00 10,401.00
            Account Payables 4,636.00 2,667.00 355.00 4,374.00 6,140.00
            Current Accrued Liabilities 35,487.00 17,831.00 16,305.00 11,322.00 4,261.00
      Short-Term Debt 3,765.00 2,809.00 1,690.00 1,091.00 390.00
      Other Current Liabilities -2,159.00 -2,902.00 20,432.00 8,836.00 9,099.00
   Non-Current Liabilities 5,083.00 104,852.00 498,732.00 4,467.00 3,155.00
      Long-Term Debt 3,453.00 203,290.00 2,763.00 1,691.00 75.00
      Other Non-Current Liabilities 1,630.00 -98,438.00 495,969.00 2,776.00 3,080.00
Equity 388,748.00 77,692.00 126,654.00 83,284.00 79,453.00
   Shareholders Equity 388,748.00 77,692.00 126,654.00 83,284.00 155,112.00
      Capital Stock 7,376.00 7,017.00 2,110.00 980.00 826.00
      Share Premium 1,598,230.00 1,066,381.00 504,767.00 384,049.00 293,367.00
      Retained Earnings -1,214,573.00 -993,258.00 -378,330.00 -299,548.00 -210,946.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -2,285.00 -2,448.00 -1,893.00 -2,197.00 -3,794.00
   Minority Interest 0 0 0 0 0
Investments 307,487.00 114,817.00 0 0 0
Debt 7,218.00 206,099.00 4,453.00 2,782.00 465.00
Net Debt 0 19,857.00 0 0 0
Common Shares Outstanding 737,626.00 701,660.05 211,091.42 98,039.54 82,575.06
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 0.00 0.00 705.00 1,809.00 860.00
Operating Expenses 226,311.00 610,651.00 87,210.00 108,963.00 73,365.00
   Selling, General and Administrative Expenses 60,527.00 30,265.00 26,743.00 23,611.00 19,232.00
   Research and Development Expenses 251,714.00 59,471.00 51,999.00 85,352.00 53,274.00
   Other Operating Expenses -85,930.00 520,915.00 8,468.00 0.00 859.00
Operating Income -225,998.00 -609,650.00 -72,089.00 -86,186.00 -53,193.00
Net Non-Operating Income 4,683.00 -5,278.00 -6,693.00 -2,416.00 283.00
Interest Income 0 0 5,914.00 0 259.00
Interest Expense 8,686.00 16,461.00 4,401.00 281.00 255.00
Net Interest 0 0 1,513.00 0 4.00
EBT -221,315.00 -614,928.00 -78,782.00 -88,602.00 -52,910.00
Income Tax 0.00 0.00 0.00 0.00 213.00
Net Income -221,315.00 -614,928.00 -78,782.00 -88,602.00 -52,697.00
EBIT -212,629.00 -598,467.00 -74,381.00 -88,321.00 -52,655.00
Deprecation and Amortization 2,665.00 3,974.00 2,514.00 2,455.00 2,003.00
EBITDA -209,964.00 -594,493.00 -71,867.00 -85,866.00 -50,652.00
EPS -0.00 -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 718,541.90 619,646.18 193,336.06 92,239.31 69,524.15
Average Shares Outstanding Diluted 718,541.90 619,646.18 193,336.06 92,239.31 69,524.15
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -142,106.00 -76,760.00 -41,582.00 -72,587.00 -48,111.00
   Operating Net Income -663,945.00 -614,928.00 -78,782.00 -88,602.00 -52,697.00
   Deprecation and Amortization 2,665.00 3,974.00 2,514.00 2,455.00 2,003.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 50,981.00 14,108.00 11,948.00 12,804.00 1,766.00
   Change in Working Capital 25,814.00 607.00 -12,415.00 -4,903.00 10,358.00
   Other Operating Activities 442,379.00 519,479.00 35,153.00 5,659.00 -9,541.00
Investing Cash Flow -205,341.00 -587,774.00 -624.00 -306.00 -421.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 139.00 354.00 624.00 306.00 421.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -205,480.00 -588,128.00 -1,248.00 -612.00 -842.00
Financing Cash Flow 381,227.00 86,513.00 620,244.00 77,916.00 50,551.00
   Net Issuance/Repayment of Debt 100,000.00 24,686.00 570,000.00 110,000.00 0
   Net Issuance/Repurchase of Equity 478,491.00 110,889.00 100,399.00 78,088.00 50,599.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -197,264.00 -49,062.00 -50,155.00 -110,172.00 -48.00
Net Change in Cash 33,762.00 -577,182.00 576,816.00 5,374.00 2,575.00
   Cash at Beginning of Period 71,425.00 648,607.00 71,791.00 66,417.00 63,842.00
   Cash at End of Period 105,187.00 71,425.00 648,607.00 71,791.00 66,417.00
Free Cash Flow 0 0 0 0 0
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 2023-09-30 2022-12-31 2021-12-31 2020-12-31
Assets 261,729.00 324,037.00 383,822.00 435,560.00 502,852.00 341,856.00 176,781.00 202,949.00 218,476.00 664,168.00 113,374.00 102,498.00
   Current Assets 246,466.00 309,240.00 370,751.00 423,750.00 490,290.00 328,794.00 163,265.00 189,712.00 204,951.00 656,712.00 97,312.00 87,674.00
      Cash and Short-Term Investments 238,875.00 298,191.00 361,633.00 412,999.00 487,220.00 325,789.00 156,997.00 186,242.00 198,945.00 648,607.00 71,791.00 66,417.00
            Cash and Cash Equivalents 238,875.00 298,191.00 211,844.00 105,512.00 94,098.00 28,754.00 61,611.00 71,425.00 23,792.00 648,607.00 71,791.00 66,417.00
            Short-Term Investments 0 0 149,789.00 307,487.00 393,122.00 297,035.00 95,386.00 114,817.00 175,153.00 0 0 0
      Net Receivables 0 0 0 0 0 0 0 0 0 349.00 1,560.00 331.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 7,591.00 11,049.00 9,118.00 10,751.00 3,070.00 3,005.00 6,268.00 3,470.00 6,006.00 7,756.00 23,961.00 20,926.00
   Non-Current Assets 15,263.00 14,797.00 13,071.00 11,810.00 12,562.00 13,062.00 13,516.00 13,237.00 13,525.00 7,456.00 16,062.00 14,824.00
      Property, Plant, Equipment Net 6,230.00 6,242.00 7,003.00 7,398.00 8,241.00 12,876.00 13,660.00 6,063.00 6,632.00 5,081.00 3,484.00 1,279.00
      Goodwill 1,999.00 2,039.00 1,923.00 1,864.00 1,991.00 1,880.00 1,875.00 1,893.00 1,814.00 1,798.00 2,009.00 2,030.00
      Intangible Assets 0 0 0 0 0 0 0 14,582.00 13,977.00 0 10,399.00 11,515.00
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 7,034.00 6,516.00 4,145.00 2,548.00 2,330.00 -1,694.00 -2,019.00 -9,301.00 -8,898.00 577.00 170.00 0.00
Liabilities 69,466.00 64,598.00 39,492.00 46,812.00 64,932.00 146,781.00 132,571.00 125,257.00 119,097.00 537,514.00 30,090.00 23,045.00
   Current Liabilities 64,928.00 60,325.00 34,877.00 41,729.00 59,009.00 140,168.00 23,438.00 20,405.00 113,742.00 38,782.00 25,623.00 19,890.00
      Payables and Expenses 61,530.00 59,088.00 34,489.00 40,123.00 36,984.00 25,156.00 18,951.00 20,498.00 10,478.00 16,660.00 15,696.00 10,401.00
            Account Payables 22,245.00 22,982.00 4,994.00 4,636.00 3,252.00 3,340.00 6,371.00 2,667.00 3,314.00 355.00 4,374.00 6,140.00
            Current Accrued Liabilities 39,285.00 36,106.00 29,495.00 35,487.00 33,732.00 21,816.00 12,580.00 17,831.00 7,164.00 16,305.00 11,322.00 4,261.00
      Short-Term Debt 2,720.00 3,118.00 3,543.00 3,765.00 28,292.00 203,688.00 3,699.00 2,809.00 202,780.00 1,690.00 1,091.00 390.00
      Other Current Liabilities 678.00 -1,881.00 -3,155.00 -2,159.00 -6,267.00 -88,676.00 788.00 -2,902.00 -99,516.00 20,432.00 8,836.00 9,099.00
   Non-Current Liabilities 4,538.00 4,273.00 4,615.00 5,083.00 5,923.00 6,613.00 109,133.00 104,852.00 5,355.00 498,732.00 4,467.00 3,155.00
      Long-Term Debt 2,708.00 2,435.00 2,907.00 3,453.00 4,207.00 5,017.00 205,823.00 203,290.00 3,879.00 2,763.00 1,691.00 75.00
      Other Non-Current Liabilities 1,830.00 1,838.00 1,708.00 1,630.00 1,716.00 1,596.00 -96,690.00 -98,438.00 1,476.00 495,969.00 2,776.00 3,080.00
Equity 192,263.00 259,439.00 344,330.00 388,748.00 437,920.00 195,075.00 44,210.00 77,692.00 99,379.00 126,654.00 83,284.00 79,453.00
   Shareholders Equity 192,263.00 259,439.00 344,330.00 388,748.00 437,920.00 195,075.00 44,210.00 77,692.00 99,379.00 126,654.00 83,284.00 155,112.00
      Capital Stock 7,444.00 7,428.00 7,416.00 7,376.00 7,371.00 7,243.00 7,020.00 7,017.00 6,978.00 2,110.00 980.00 826.00
      Share Premium 2,262,515.00 2,097,957.00 1,616,963.00 1,598,230.00 1,586,227.00 1,287,447.00 1,076,370.00 1,066,381.00 1,051,415.00 504,767.00 384,049.00 293,367.00
      Retained Earnings -2,074,987.00 -1,843,194.00 -1,277,486.00 -1,214,573.00 -1,153,370.00 -1,097,116.00 -1,036,731.00 -993,258.00 -956,691.00 -378,330.00 -299,548.00 -210,946.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -2,709.00 -2,752.00 -2,563.00 -2,285.00 -2,308.00 -2,499.00 -2,449.00 -2,448.00 -2,323.00 -1,893.00 -2,197.00 -3,794.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 149,789.00 307,487.00 393,122.00 297,035.00 95,386.00 114,817.00 175,153.00 0 0 0
Debt 5,428.00 5,553.00 6,450.00 7,218.00 32,499.00 208,705.00 209,522.00 206,099.00 206,659.00 4,453.00 2,782.00 465.00
Net Debt 0 0 0 0 0 0 52,525.00 19,857.00 7,714.00 0 0 0
Common Shares Outstanding 744,442.53 742,806.67 741,609.39 737,626.00 737,094.96 724,320.20 701,974.60 701,660.05 697,851.31 211,091.42 98,039.54 82,575.06
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30
Revenues 0 0 0 0.00 0.00 0 0 0.00
Operating Expenses 869,499.00 635,288.00 66,851.00 -79,161.00 160,492.00 102,378.00 42,602.00 574,262.00
   Selling, General and Administrative Expenses 479,117.00 376,002.00 15,586.00 -22,992.00 46,090.00 25,700.00 11,729.00 18,690.00
   Research and Development Expenses 569,805.00 363,473.00 87,628.00 29,761.00 114,402.00 76,678.00 30,873.00 34,657.00
   Other Operating Expenses -179,423.00 -104,187.00 -36,363.00 -85,930.00 0.00 0.00 0.00 520,915.00
Operating Income 0 0 0 78,781.00 -160,384.00 -102,006.00 -42,389.00 -573,440.00
Net Non-Operating Income 9,085.00 6,667.00 3,938.00 7,347.00 272.00 -1,852.00 -1,084.00 -4,921.00
Interest Expense 0.00 0.00 0.00 -9,335.00 8,677.00 6,223.00 3,121.00 13,564.00
EBT 0 0 0 86,128.00 -160,112.00 -103,858.00 -43,473.00 -578,361.00
Income Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income -860,414.00 -628,621.00 -62,913.00 86,128.00 -160,112.00 -103,858.00 -43,473.00 -578,361.00
EBIT 0 0 0 76,793.00 -151,435.00 -97,635.00 -40,352.00 -564,797.00
Deprecation and Amortization 4,093.00 4,051.00 2,991.00 -4,811.00 4,993.00 2,054.00 429.00 3,161.00
EBITDA 0 0 0 71,982.00 -146,442.00 -95,581.00 -39,923.00 -561,636.00
EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 741,388.54 740,358.04 738,076.00 755,369.01 712,168.38 704,844.95 701,785.25 592,366.88
Average Shares Outstanding Diluted 741,388.54 740,358.04 738,076.00 755,369.01 712,168.38 704,844.95 701,785.25 592,366.88
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30
Operating Cash Flow -220,992.00 -127,912.00 -61,168.00 44,597.00 -93,433.00 -63,136.00 -30,134.00 -57,301.00
   Operating Net Income -860,414.00 -628,621.00 -188,739.00 -356,502.00 -160,112.00 -103,858.00 -43,473.00 -578,361.00
   Deprecation and Amortization 4,093.00 4,051.00 2,991.00 -4,811.00 4,993.00 2,054.00 429.00 3,161.00
   Deferred Income Tax 0 0 0 0 0 0 0 0
   Share Based Compensation 620,641.00 489,880.00 11,096.00 -19,087.00 39,966.00 20,595.00 9,507.00 5,355.00
   Change in Working Capital 24,884.00 22,725.00 -7,048.00 10,388.00 10,288.00 958.00 4,180.00 -1,884.00
   Other Operating Activities -10,196.00 -15,947.00 120,532.00 414,609.00 11,432.00 17,115.00 -777.00 514,428.00
Investing Cash Flow 310,847.00 310,918.00 160,110.00 243,819.00 -288,823.00 -180,208.00 19,871.00 -648,342.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 493.00 422.00 422.00 -57.00 125.00 67.00 4.00 352.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0
   Other Investing Activities 310,354.00 310,496.00 159,688.00 243,876.00 -288,948.00 -180,275.00 19,867.00 -648,694.00
Financing Cash Flow 43,712.00 9,899.00 7,677.00 -224,794.00 404,839.00 200,697.00 485.00 80,261.00
   Net Issuance/Repayment of Debt 0 75,500.00 75,500.00 24,500.00 75,500.00 0 0 24,686.00
   Net Issuance/Repurchase of Equity 39,079.00 7,315.00 5,658.00 -199,709.00 478,099.00 200,101.00 0 104,686.00
   Dividends Paid 0 0 0 0 0 0 0 0
   Other Financing Activities 4,633.00 -72,916.00 -73,481.00 -49,585.00 -148,760.00 596.00 485.00 -49,111.00
Net Change in Cash 133,688.00 193,004.00 106,657.00 63,574.00 22,673.00 -42,671.00 -9,814.00 -624,815.00
   Cash at Beginning of Period 105,187.00 105,187.00 105,187.00 41,613.00 71,425.00 71,425.00 71,425.00 648,607.00
   Cash at End of Period 238,875.00 298,191.00 211,844.00 105,187.00 94,098.00 28,754.00 61,611.00 23,792.00
Free Cash Flow 0 0 0 0 0 0 0 0