Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-09-30
Price to Earnings
Price to Sales
Book Value Per Common Share 2.86 3.19 3.83 6.79
Price to Book
Price to Operating Cash Flow
Price to Free Cash Flow
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-03-31 2022-03-31
Price to Earnings 7.23
Price to Sales 8.46
Book Value Per Common Share 3.29 2.74 2.75 2.99 2.96 3.12 3.75 3.98
Price to Book 1.54
Price to Operating Cash Flow -11.19
Price to Free Cash Flow -10.32
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-09-30
Earning YoY
Revenue YoY 10.44 54.11 189.20
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-03-31 2022-03-31
Earning YoY
Revenue YoY -30.37 30.37 -0.09 10.20 31.90 13.79 70.00
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-09-30
Cash Per Common Share 1.66 2.28 2.68 7.11
Quick Ratio 6.60 5.31 7.63 32.37
Current Ratio 7.07 5.81 8.20 32.99
Debt to Equity 0.16 0.26 0.18 0.18
Long-Term Debt to Equity 0.05 0.11 0.09 0.15
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-03-31 2022-03-31
Cash Per Common Share 0.92 1.41 1.51 1.76 1.86 2.01 2.49 3.83
Quick Ratio 4.07 5.44 6.54 5.97 5.67 7.56 8.42 17.53
Current Ratio 4.39 5.95 6.96 6.32 6.04 8.35 9.01 18.07
Debt to Equity 0.18 0.16 0.14 0.21 0.22 0.20 0.19 0.16
Long-Term Debt to Equity 0.09 0.04 0.04 0.10 0.09 0.10 0.11 0.10

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-09-30
ROA -10.64 -19.01 -8.39 -11.66
ROE -12.30 -23.93 -9.93 -13.75
Gross Margin 23.69 18.71 15.24 21.39
Operating Margin -11.08 -25.55 -36.63 -86.48
EBITDA Margin -7.08 -25.29 -32.72 -85.30
Net Profit Margin -10.98 -24.90 -18.66 -79.27
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-03-31 2022-03-31
ROA 17.14 -1.45 -1.39 -0.69 -4.04 -1.50 -3.16 -3.37
ROE 20.29 -1.68 -1.59 -0.84 -4.94 -1.79 -3.77 -3.91
Gross Margin 23.56 25.05 22.06 26.49 24.07 19.68 15.82 10.98
Operating Margin -11.40 -5.26 -6.46 -2.77 -16.59 -8.38 -22.95 -41.35
EBITDA Margin -7.95 -2.75 -2.01 -1.06 -14.30 -2.41 -22.36 -37.05
Net Profit Margin 116.47 -5.29 -6.43 -2.61 -16.67 -8.22 -22.51 -41.35

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-09-30
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-03-31 2022-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-09-30 2020-12-31
Assets 256,675.00 294,938.00 325,025.00 343,394.00 277,839.41
   Current Assets 160,742.00 206,261.00 218,126.00 314,447.00 896.07
   Deposits 0 0 0 0 409.91
      Cash and Short-Term Investments 128,404.00 167,285.00 192,078.00 304,757.00 846.07
            Cash and Cash Equivalents 19,647.00 29,021.00 41,338.00 7,582.00 846.07
            Short-Term Investments 108,757.00 138,264.00 150,740.00 297,175.00 0
      Net Receivables 21,591.00 21,005.00 10,877.00 3,765.00 0
      Inventory 0 0 0 0 0
      Other Current Assets 10,747.00 17,971.00 15,171.00 5,925.00 50.00
   Non-Current Assets 95,933.00 88,677.00 106,899.00 28,947.00 276,943.34
      Property, Plant, Equipment Net 39,794.00 26,383.00 19,729.00 2,612.00 0
      Goodwill 41,050.00 40,373.00 39,445.00 13,271.00 0
      Intangible Assets 13,653.00 20,519.00 46,365.00 12,644.00 0
      Long-Term Investments 0 0 390.00 0 276,943.34
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 1,436.00 1,402.00 970.00 420.00 0.00
Liabilities 34,737.00 60,638.00 50,536.00 52,165.00 10,015.79
   Current Liabilities 22,726.00 35,491.00 26,607.00 9,531.00 390.79
      Payables and Expenses 12,766.00 23,859.00 16,536.00 4,446.00 158.95
            Account Payables 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 205.84
      Short-Term Debt 3,304.00 4,787.00 3,362.00 431.00 0
      Other Current Liabilities 6,656.00 6,845.00 6,709.00 4,654.00 231.84
   Non-Current Liabilities 12,011.00 25,147.00 23,929.00 42,634.00 9,625.00
      Long-Term Debt 6,018.00 19,738.00 14,970.00 222.00 0
      Other Non-Current Liabilities 5,993.00 5,409.00 8,959.00 42,412.00 0
Equity 221,938.00 234,300.00 274,489.00 291,229.00 267,823.62
   Shareholders Equity 221,938.00 234,300.00 274,489.00 291,229.00 5,000.01
      Capital Stock 7.00 7.00 7.00 7.00 0.14
      Share Premium 407,076.00 390,083.00 375,873.00 368,709.00 4,086.69
      Retained Earnings -186,898.00 -159,754.00 -103,678.00 -77,190.00 912.50
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 1,753.00 3,964.00 2,287.00 -297.00 0
   Minority Interest 0 0 0 0 0
Investments 108,757.00 138,264.00 0 297,175.00 276,943.34
Debt 9,322.00 24,525.00 18,332.00 653.00 0
Common Shares Outstanding 0 0 71,660.62 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-09-30 2020-12-31
Revenues 248,693.00 225,180.00 146,120.00 50,526.00 0
Cost Of Revenue 189,774.00 183,058.00 123,845.00 39,721.00 0
Interest Income 0 0 3,434.00 0 0
Interest Expense 0.00 0.00 0 0.00 0.00
Net Interest 7,214.00 8,442.00 0 460.00 0
Non-Interest Expense 0 0 70,259.00 0 0
Gross Profit 58,919.00 42,122.00 22,275.00 10,805.00 0
Operating Expenses 92,845.00 180,021.00 75,804.00 34,898.00 678.49
   Selling, General and Administrative Expenses 89,661.00 105,612.00 70,259.00 33,384.00 0
   Research and Development Expenses 3,184.00 4,627.00 5,545.00 1,514.00 0
   Other Operating Expenses 0.00 69,782.00 0 0.00 678.49
Operating Income -33,926.00 -137,899.00 -53,529.00 -24,093.00 -678.49
Net Non-Operating Income 6,364.00 80,357.00 0 -19,602.00 1,016.67
EBT -27,562.00 -57,542.00 -28,032.00 -43,695.00 338.18
Income Tax 255.00 1,466.00 -772.00 3,643.00 210.47
Net Income Including Non-Controlling Interests 0 0 -27,260.00 0 0
Net Income -27,307.00 -56,076.00 -27,260.00 -40,052.00 127.72
EBIT -27,562.00 -57,542.00 -53,529.00 -43,695.00 338.18
Deprecation and Amortization 9,952.00 592.00 5,725.00 596.00 0.00
EBITDA -17,610.00 -56,950.00 -47,804.00 -43,099.00 0
EPS -0.00 -0.00 -0.00 -0.00 0
Diluted EPS -0.00 -0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 77,499.42 73,524.48 71,660.62 42,883.61 0
Average Shares Outstanding Diluted 77,499.42 73,524.48 71,660.62 42,883.61 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-09-30 2020-12-31
Operating Cash Flow -2,519.00 -32,349.00 -37,130.00 -15,615.00 -794.47
   Operating Net Income -27,307.00 -56,076.00 -27,260.00 -40,052.00 127.72
   Deprecation and Amortization -9,952.00 592.00 5,725.00 596.00 0
   Deferred Income Tax -255.00 -1,466.00 -772.00 -3,643.00 0
   Share Based Compensation 19,893.00 12,501.00 8,277.00 9,621.00 0
   Change in Working Capital -3,173.00 -7,116.00 -17.00 -2,202.00 94.48
   Other Operating Activities 18,275.00 19,216.00 -23,083.00 20,065.00 -1,016.67
Investing Cash Flow -1,016.00 17,089.00 79,340.00 -321,338.00 334.93
   Capital Expenditure -32,994.00 -2,109.00 0 -297.00 0.00
   Net Purchase/Sale of PPE -32,981.00 -1,971.00 -730.00 -297.00 0
   Net Purchase/Sale of Investments Net 34,195.00 19,234.00 128,361.00 11,300.00 0
   Net Purchase/Sale of Business -2,230.00 -39.00 -48,291.00 -23,065.00 0
   Other Investing Activities 32,994.00 1,974.00 0 -308,979.00 334.93
Financing Cash Flow -5,759.00 -76.00 -1,084.00 332,259.00 0
   Net Issuance/Repayment of Debt 0 0 0 -1,165.00 0
   Net Issuance/Repurchase of Equity 412.00 70.00 0 119,778.00 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -6,171.00 -146.00 -1,084.00 213,646.00 0
Net Change in Cash -9,374.00 -15,402.00 41,126.00 -4,694.00 -459.54
   Cash at Beginning of Period 29,021.00 44,423.00 3,225.00 12,276.00 1,305.61
   Cash at End of Period 19,647.00 29,021.00 44,423.00 7,582.00 846.07
Free Cash Flow -35,513.00 -34,458.00 -37,860.00 -15,912.00 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 2023-03-31 2022-03-31 2021-09-30 2021-03-31 2020-12-31
Assets 335,078.00 257,919.00 250,550.00 256,675.00 282,945.00 280,331.00 282,792.00 294,938.00 322,432.00 326,627.00 343,394.00 278,756.20 277,839.41
   Current Assets 122,482.00 156,480.00 152,312.00 160,742.00 171,760.00 182,912.00 194,008.00 206,261.00 209,198.00 285,258.00 314,447.00 608.72 896.07
   Deposits 0 0 0 0 0 0 0 0 0 0 0 0 409.91
      Cash and Short-Term Investments 75,918.00 114,984.00 120,864.00 128,404.00 137,716.00 144,009.00 152,275.00 167,285.00 179,028.00 270,736.00 304,757.00 485.22 846.07
            Cash and Cash Equivalents 22,753.00 60,318.00 35,688.00 19,647.00 21,406.00 28,366.00 38,060.00 29,021.00 43,819.00 4,176.00 7,582.00 485.22 846.07
            Short-Term Investments 53,165.00 54,666.00 85,176.00 108,757.00 116,310.00 115,643.00 114,215.00 138,264.00 135,209.00 266,560.00 297,175.00 0 0
      Net Receivables 37,538.00 28,172.00 22,128.00 21,591.00 24,481.00 27,723.00 23,550.00 21,005.00 16,462.00 6,019.00 3,765.00 0 0
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 9,026.00 13,324.00 9,320.00 10,747.00 9,563.00 11,180.00 18,183.00 17,971.00 13,708.00 8,503.00 5,925.00 123.50 50.00
   Non-Current Assets 212,596.00 101,439.00 98,238.00 95,933.00 111,185.00 97,419.00 88,784.00 88,677.00 113,234.00 41,369.00 28,947.00 278,147.47 276,943.34
      Property, Plant, Equipment Net 41,835.00 42,150.00 41,218.00 39,794.00 53,363.00 43,216.00 28,044.00 26,383.00 26,537.00 3,291.00 2,612.00 0 0
      Goodwill 84,607.00 44,251.00 42,038.00 41,050.00 42,952.00 39,574.00 39,777.00 40,373.00 39,890.00 13,328.00 13,271.00 0 0
      Intangible Assets 49,754.00 13,580.00 13,528.00 13,653.00 13,957.00 13,701.00 19,524.00 20,519.00 45,399.00 23,670.00 12,644.00 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 276,947.47 276,943.34
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 36,400.00 1,458.00 1,454.00 1,436.00 913.00 928.00 1,439.00 1,402.00 1,408.00 1,080.00 420.00 1,200.00 0.00
Liabilities 52,078.00 34,819.00 30,818.00 34,737.00 49,446.00 50,945.00 46,183.00 60,638.00 52,231.00 45,157.00 52,165.00 48,780.22 10,015.79
   Current Liabilities 27,874.00 26,312.00 21,881.00 22,726.00 27,181.00 30,286.00 23,245.00 35,491.00 23,206.00 15,789.00 9,531.00 1,538.56 390.79
      Payables and Expenses 27,220.00 13,679.00 10,505.00 12,766.00 16,028.00 16,875.00 10,836.00 23,859.00 11,389.00 9,012.00 4,446.00 1,306.71 158.95
            Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0 205.84 205.84
      Short-Term Debt 654.00 3,521.00 3,362.00 3,304.00 4,472.00 4,145.00 4,428.00 4,787.00 4,029.00 496.00 431.00 0 0
      Other Current Liabilities 0.00 9,112.00 8,014.00 6,656.00 6,681.00 9,266.00 7,981.00 6,845.00 7,788.00 6,281.00 4,654.00 231.84 231.84
   Non-Current Liabilities 24,204.00 8,507.00 8,937.00 12,011.00 22,265.00 20,659.00 22,938.00 25,147.00 29,025.00 29,368.00 42,634.00 47,241.67 9,625.00
      Long-Term Debt 2,817.00 5,318.00 5,706.00 6,018.00 19,271.00 17,864.00 21,101.00 19,738.00 20,792.00 466.00 222.00 0 0
      Other Non-Current Liabilities 21,387.00 3,189.00 3,231.00 5,993.00 2,994.00 2,795.00 1,837.00 5,409.00 8,233.00 28,902.00 42,412.00 0 0
Equity 283,000.00 223,100.00 219,732.00 221,938.00 233,499.00 229,386.00 236,609.00 234,300.00 270,201.00 281,470.00 291,229.00 229,975.97 267,823.62
   Shareholders Equity 283,000.00 223,100.00 219,732.00 221,938.00 233,499.00 229,386.00 236,609.00 234,300.00 270,201.00 281,470.00 291,229.00 5,000.00 5,000.01
      Capital Stock 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 0.52 0.14
      Share Premium 419,711.00 411,259.00 407,047.00 407,076.00 406,424.00 401,753.00 397,477.00 390,083.00 380,852.00 370,794.00 368,709.00 24,270.62 4,086.69
      Retained Earnings -136,718.00 -194,134.00 -190,391.00 -186,898.00 -177,105.00 -175,151.00 -163,988.00 -159,754.00 -113,870.00 -87,430.00 -77,190.00 -19,271.82 912.50
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 5,968.00 3,069.00 1,753.00 4,173.00 2,777.00 3,113.00 3,964.00 3,212.00 -1,901.00 -297.00 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 54,666.00 85,176.00 108,757.00 116,310.00 115,643.00 114,215.00 138,264.00 135,209.00 266,560.00 297,175.00 276,947.47 276,943.34
Debt 3,471.00 8,839.00 9,068.00 9,322.00 23,743.00 22,009.00 25,529.00 24,525.00 24,821.00 962.00 653.00 0 0
Common Shares Outstanding 86,050.92 0 0 0 0 0 0 0 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 2023-03-31 2022-03-31 2021-03-31
Revenues 49,298.00 70,801.00 54,306.00 54,357.00 74,877.00 67,945.00 51,514.00 45,271.00 26,630.00 0
Cost Of Revenue 37,684.00 53,064.00 42,328.00 41,768.00 55,040.00 51,591.00 41,375.00 38,107.00 23,707.00 0
Interest Income 1,127.00 0 0 0 0 0 0 0 0 0
Interest Expense 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Interest 0 1,155.00 1,321.00 1,590.00 1,764.00 1,788.00 2,072.00 1,954.00 264.00 0
Non-Interest Expense 16,783.00 0 0 0 0 0 0 0 0 0
Gross Profit 11,614.00 17,737.00 11,978.00 12,589.00 19,837.00 16,354.00 10,139.00 7,164.00 2,923.00 0
Operating Expenses 17,236.00 22,691.00 19,561.00 20,961.00 23,374.00 28,503.00 20,007.00 26,953.00 16,613.00 235.11
   Selling, General and Administrative Expenses 16,783.00 21,776.00 18,749.00 20,218.00 22,574.00 27,532.00 19,337.00 18,868.00 15,778.00 0
   Research and Development Expenses 453.00 915.00 812.00 743.00 800.00 971.00 670.00 1,123.00 835.00 0
   Other Operating Expenses 0 0.00 0.00 0.00 0.00 0.00 0.00 6,962.00 0.00 235.11
Operating Income -5,622.00 -4,954.00 -7,583.00 -8,372.00 -3,537.00 -12,149.00 -9,868.00 -19,789.00 -13,690.00 -235.11
Net Non-Operating Income 0 1,232.00 4,073.00 -1,526.00 1,465.00 875.00 5,550.00 9,401.00 2,678.00 -845.87
EBT -9,657.00 -3,722.00 -3,510.00 -9,898.00 -2,072.00 -11,274.00 -4,318.00 -10,388.00 -11,012.00 -1,080.98
Income Tax 0 21.00 17.00 1.00 118.00 52.00 84.00 196.00 0.00 0.00
Net Income Including Non-Controlling Interests 57,416.00 0 0 0 0 0 0 0 0 0
Net Income 57,416.00 -3,743.00 -3,493.00 -9,793.00 -1,954.00 -11,326.00 -4,234.00 -10,192.00 -11,012.00 -1,080.98
EBIT -5,622.00 -3,722.00 -3,510.00 -9,898.00 -2,072.00 -11,274.00 -4,318.00 -10,388.00 -11,012.00 -1,080.98
Deprecation and Amortization 1,704.00 1,776.00 2,420.00 4,039.00 1,279.00 1,559.00 3,075.00 266.00 1,145.00 0.00
EBITDA -3,918.00 -1,946.00 -1,090.00 -5,859.00 -793.00 -9,715.00 -1,243.00 -10,122.00 -9,867.00 0
EPS 0.00 -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 -0.00 0
Average Shares Outstanding Basic 82,454.66 81,297.40 79,891.83 78,553.42 78,044.25 77,603.60 75,796.41 71,992.77 70,774.14 0
Average Shares Outstanding Diluted 82,454.66 81,297.40 79,891.83 78,553.42 78,044.25 77,603.60 75,796.41 71,992.77 70,774.14 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Operating Cash Flow -37,297.00 0 -246.00 13,032.00 0 0 -15,551.00 -16,855.00 -10,065.00 -360.85
   Operating Net Income 57,416.00 -3,743.00 -3,493.00 -9,793.00 -1,954.00 -11,326.00 -4,234.00 -10,192.00 -11,012.00 -1,080.98
   Deprecation and Amortization 1,704.00 -1,776.00 -2,420.00 -4,039.00 -1,279.00 -1,559.00 -3,075.00 266.00 1,145.00 0
   Deferred Income Tax 554.00 0 -17.00 -171.00 0 0 -84.00 -196.00 0 0
   Share Based Compensation 1,680.00 0 4,217.00 15,575.00 0 0 4,318.00 3,221.00 2,098.00 0
   Change in Working Capital 7,987.00 0 762.00 8,973.00 0 0 -12,146.00 -9,551.00 122.00 -125.74
   Other Operating Activities -106,638.00 0 705.00 18,605.00 0 0 -330.00 -403.00 -2,418.00 845.87
Investing Cash Flow 2,398.00 0 20,407.00 -25,578.00 0 0 24,562.00 16,275.00 10,997.00 0
   Capital Expenditure -297.00 0.00 -3,151.00 -31,867.00 0.00 0.00 -1,127.00 -646.00 -437.00 0.00
   Net Purchase/Sale of PPE -2,898.00 0 -3,146.00 -31,854.00 0 0 -1,127.00 -646.00 -437.00 0
   Net Purchase/Sale of Investments Net 72,008.00 0 23,553.00 8,506.00 0 0 25,689.00 17,042.00 11,699.00 0
   Net Purchase/Sale of Business 0 0 0 -2,230.00 0 0 0 0 0 0
   Other Investing Activities 0 0 3,151.00 31,867.00 0 0 1,127.00 525.00 172.00 0
Financing Cash Flow -1,787.00 0 -4,246.00 -5,813.00 0 0 54.00 -27.00 16.00 0
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 60.00 321.00 0 0 91.00 54.00 21.00 0
   Dividends Paid 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -1,787.00 0 -4,306.00 -6,134.00 0 0 -37.00 -81.00 -5.00 0
Net Change in Cash -36,686.00 0 16,041.00 -18,413.00 0 0 9,039.00 -604.00 951.00 -360.85
   Cash at Beginning of Period 60,318.00 0 19,647.00 38,060.00 0 0 29,021.00 44,423.00 3,225.00 846.07
   Cash at End of Period 23,016.00 60,318.00 35,688.00 19,647.00 21,406.00 28,366.00 38,060.00 43,819.00 4,176.00 485.22
Free Cash Flow -40,423.00 0 -3,397.00 -18,835.00 0 0 -16,678.00 -17,501.00 -10,502.00 0